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Oracle's Stock Value Surges As Company Enters 'Hypergrowth' Phase
Tuesday, March 12, 2024 - 1:03pm | 696Oracle Corporation (NYSE:ORCL), while not quite Magnificent Seven material, the company has been a fighter to maintain its position among the cloud technology giants such as Microsoft Corporation (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN). A solid set of results after the market close on...
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Snowflake Tops Estimate And Lifts Forecast But Its Challenges Remain
Monday, December 4, 2023 - 9:49am | 641Snowflake Inc (NYSE: SNOW) topped both revenue and earnings estimates with its latest quarterly results amid stabilizing growth observed by its cloud computing partner Amazon.com (NASDAQ: AMZN). Being its largest client, Amazon is often considered as essential to the company's success...
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Microsoft Shuffles Top India Executives Amid Heated Competition From Rivals Amazon, Google
Tuesday, July 4, 2023 - 1:39am | 543This story was published on the Benzinga India Portal. Microsoft Corporation's (NASDAQ: MSFT) Indian arm is shaking things up in its upper ranks, with several key executives being promoted. What Happened? Amid a major rejig at the tech major’s operations, the India business...
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Alibaba Maintains Stronghold Over Chinese Cloud Market: What's Behind The Outperformance
Monday, March 21, 2022 - 1:52pm | 459Alibaba Group Holding, Inc.'s (NYSE: BABA) flagship e-commerce business is going through a lean patch, a function of domestic softness and intensifying competition. Can the company's thriving cloud business pick up some of the slack? A new report released by Canalys shows that Alibaba...
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Wipro To Invest $1B Over Three Years To Drive Cloud Competencies
Tuesday, July 20, 2021 - 12:50pm | 130IT, consulting, and business process services provider Wipro Ltd (NYSE: WIT) launched Wipro FullStride Cloud Services and committed to investing $1 billion in cloud technologies, capabilities, acquisitions, and partnerships over the next three years. Wipro FullStride Cloud...
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SAP Continues Cloud Companies Buying Spree With Non-Coded Development Platform Specialist AppGyver Acquisition
Thursday, February 11, 2021 - 1:09pm | 299SAP SE (NYSE: SAP) acquired non-coded development platform specialist AppGyver, to accelerate the migration of their client’s enterprise applications to the cloud. The financial terms of the acquisition remain undisclosed. Recently, SAP has been on an acquisition spree to...
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Accenture, VMware Launch Business Group To Accelerate Organizational Cloud Migration
Wednesday, February 10, 2021 - 12:25pm | 294Accenture Plc (NYSE: ACN) and VMware, Inc (NYSE: VMW) extended their partnership and launched an exclusive business group that will assist organizations in the acceleration of migration to the cloud, faster production of modern apps, and utilization of the...
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Rapid7 Acquires Alcide.IO For $50 Million To Tap Budding Cloud Security Market
Monday, February 1, 2021 - 5:43pm | 312Rapid7, Inc. (NASDAQ: RPD) acquired Israeli Kubernetes security provider Alcide.IO Ltd for a purchase price of $50 million. Alcide.IO marks Rapid7’s second acquisition in the cloud security market in the past nine months, following the acquisition of DivvyCloud in April. The...
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Accenture And Salesforce To Embed ESG Goals In Cloud Technologies
Tuesday, January 26, 2021 - 12:49pm | 284Accenture Plc (NYSE: ACN) and Salesforce.com, inc. (NYSE: CRM) broadened their partnership to embed their cloud technologies with sustainability goals. The combination of Accenture’s Sustainability Services and Salesforce Sustainability Cloud will help...
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Alibaba Says 'Dismayed' Over Cloud Unit Including Ethnic Profiling Feature In Facial Recognition Technology
Thursday, December 17, 2020 - 10:13pm | 429Alibaba Group Holding Ltd. (NYSE: BABA) in a statement Thursday said it would not allow any of its technology to be used for targeting specific ethnic groups. What Happened: The Chinese e-commerce giant’s comments come in the aftermath of a report from surveillance industry researcher IPVM...
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Asana Rival ClickUp Hits $1B Valuation In Latest Funding Round: Bloomberg
Tuesday, December 15, 2020 - 8:01am | 433California-based software startup Clickup’s value has jumped by approximately five times since its previous funding round earlier this year, Bloomberg reports. The workplace productivity software company’s valuation touched $1 billion based on the latest $100 million...
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Vista Equity Partners Snaps Cloud Platform Pluralsight In $3.5B All-Cash Deal
Monday, December 14, 2020 - 2:17am | 390Private-equity firm Vista Equity Partners has acquired online education-software platform Pluralsight Inc (NASDAQ: PS) in an all-cash transaction for $20.26 per share, the companies announced on Sunday. What Happened: Vista has agreed to pay $3.5 billion to acquire all...
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Microsoft's Cloud Products Are Attracting New Customers
Friday, December 4, 2020 - 5:58am | 547Microsoft Corporation’s (NASDAQ: MSFT) recently launched cloud-based analytics tools, Azure Synapse Analytics and Azure Purview, targeting enterprise data warehousing. Azure Synapse Analytics is a SQL data warehouse with analytical capabilities, and Purview is a governance...
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Alibaba's Cloud Growth Outperforms Amazon And Microsoft: CNBC
Friday, November 6, 2020 - 6:29am | 444Chinese tech giant Alibaba Group Holdings Ltd (NYSE: BABA) had reported its second-quarter earnings above expectations. In Thursday's earnings release, Alibaba posted a 30% year-over-year revenue growth to $22.8 billion, with the core commerce segment representing 84% of the...
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Snowflake Has Multi-Million Tech Supply Contract With Goldman Sachs: Report
Tuesday, October 13, 2020 - 12:21am | 361Software maker Snowflake Inc (NYSE: SNOW) signed a multi-million dollar renewal agreement with Goldman Sachs Group Inc. (NYSE: GS) this year, Bloomberg reported Monday. What Happened: The agreement renews the New York-based investment bank’s commitment to using Snowflake’s technology...