software
Thoughtworks valued at about $9 billion after shares surge in debut
Shares of Thoughtworks Inc jumped nearly 24% in their Nasdaq debut, valuing the company at nearly $9 billion, after the software consultancy business priced its initial public offe...
Cisco forecasts growth from software shift, but chip prices pressure profits
Cisco Systems has forecast that within four years, about half its revenue will come from software and other recurring sales, but its chief financial officer told Reuters high chip ...
Microsoft sees steady cloud growth after record quarterly profit
Microsoft Corp posted its most profitable quarter, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more th...
Benchmark-backed Confluent aims for $8 billion valuation in US IPO
Confluent Inc is aiming for a valuation of about $8.3 billion in a US initial public offering, cashing in on a surge in demand for live-streaming software as companies move online ...
Cloud ramp up weighs on Oracle’s profit view, shares fall
Oracle Corp has forecast current-quarter profit below Wall Street estimates, as the business software maker ramps up investments in its cloud computing business to take on rivals i...
Software maker Dye & Durham gets offer from management-led group
Dye & Durham Ltd, a Canada-based cloud-based software vendor, has received a buyout offer from a management-led shareholder group worth about C$3.4 billion (approximately $2.8 ...
Software provider Sprinklr reveals 19% jump in revenue in IPO filing
Software start-up Sprinklr has made public its plans for a stock market listing in the United States, revealing a 19.3% rise in annual revenue.
IBM to acquire software provider Turbonomic for over $1.5 billion
IBM has said it has agreed to acquire Turbonomic, a provider of software that helps companies monitor the performance of their business applications, the latest in a series of clou...
Top 25 SaaS businesses in 2021
We are often asked to compile lists as to what we deem the leading movers and shakers within the forever growing and expanding platform economy. One such request that has a recurri...
Software vendors would have to disclose breaches under new order
A planned executive order by President Joe Biden will require many software vendors to notify their federal government customers when the companies have a cybersecurity breach, acc...
Is England’s $32 billion COVID test and trace making difference?
A UK parliamentary committee has said England’s controversial $32 billion test and trace system has not made a significant impact on the COVID-19 pandemic and failed its key ...
Apple to set up $1.2 billion silicon design centre in Germany
Apple has said it would establish an EU-based silicon design centre in Munich, Germany, and invest more than 1 billion euros (approximately $1.2 billion) over the next three years ...
IBM revenue disappoints as software sales mark rare decline
IBM Corp missed Wall Street estimates for quarterly revenue, hurt by a infrequent earnings decline in its software unit as customers shied away from longer-term prices as a result ...
Salesforce.com adapts its software for pandemic vaccine distribution
Salesforce.com has said it has adapted a number of its business applications to help healthcare organizations and government entities distribute vaccines for the novel coronavirus ...
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