Cloud – SiliconANGLE

Strong earnings and revenue beat fires up Five9’s stock

Mike Wheatley — Fri, 21 Feb 2025 00:46:59 +0000

Shares of the call center software company Five9 Inc. shot up in extended trading after it delivered a solid earnings and revenue beat in its latest financial report, showing strong momentum across its core business. The company reported earnings before certain costs such as stock compensation of 78 cents per share, while revenue for the […]

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Dropbox’s stock slides on weak forecast and stalled customer acquisition

Mike Wheatley — Thu, 20 Feb 2025 23:22:20 +0000

File-sharing company Dropbox Inc. delivered fourth-quarter earnings and revenue that topped Wall Street’s estimates, but its revenue growth was painfully slow and guidance for the current quarter came up light, sending investors scurrying away in after-hours trading. The company reported earnings before certain costs such as stock compensation of 73 cents per share, beating the […]

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Akamai reports quarterly revenue increase but guidance misses forecast

Duncan Riley — Thu, 20 Feb 2025 22:44:49 +0000

Shares in Akamai Technologies Inc. fell more than 7% in late trading today after the content delivery network provider fell short on its outlook despite reporting beats in its fiscal 2024 fourth quarter. For the quarter that ended on Dec. 31, Akamai reported adjusted earnings per share of $1.66, down from $1.69 per share in […]

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Appian stock surges on strong quarterly results and better-than-expected outlook

Duncan Riley — Wed, 19 Feb 2025 23:39:24 +0000

Shares in Appian Corp. closed regular trading up 16% today after the business automation software provider reported better-than-expected earnings and revenue in its fiscal 2024 fourth quarter and smashed earnings expectations for the year ahead. Appian broke even, compared with earning six cents per share in the fourth quarter of 2023, on revenue of $166.7 million, […]

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Breaking down containerization: How GKE simplifies modern app deployment

Victor Dabrinze — Wed, 19 Feb 2025 20:39:41 +0000

Technology is constantly changing, and businesses that fail to adapt risk being left behind. One of the most transformative shifts in the past decade has been the rise of containerization, a technology that promises increased agility, scalability and efficiency. But what exactly are containers, and how has the technology been positioned to revolutionize the digital […]

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Dave Vellante’s Breaking Analysis: The complete collection

Dave Vellante — Sat, 15 Feb 2025 11:33:12 +0000

Breaking Analysis is a weekly editorial program combining knowledge from SiliconANGLE’s theCUBE with spending data from Enterprise Technology Research. Branded as theCUBE Insights, Powered by ETR, the program is our opportunity to share independent, unfiltered editorial with SiliconANGLE, theCUBE and Wikibon communities. The program and conclusions we produce are data-driven, tapping ETR’s proprietary spending data set. Episode 221 – […]

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JFrog is firing on all cylinders as it delivers another impressive earnings beat

Mike Wheatley — Fri, 14 Feb 2025 02:04:55 +0000

Software supply chain company JFrog Ltd. clocked another strong quarter, beating Wall Street’s guidance on earnings and revenue, sending its stock higher in extended trading today. The company reported fourth-quarter earnings before certain costs such as stock compensation of 19 cents per share on revenue of $116.1 million, up 19% from a year earlier. That […]

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Twilio reports modest revenue growth but disappoints on guidance

Duncan Riley — Fri, 14 Feb 2025 00:15:48 +0000

Shares in Twilio Inc. fell nearly 7% in late trading today after the communications tool provider came up short on guidance after reporting quarterly results roughly in line with analysts’ expectations. For its fiscal 2024 fourth quarter, which ended on Dec. 31, Twilio reported adjusted earnings per share of $1, up from 86 cents in […]

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Informatica plunges 33% on revenue miss, citing ‘internal issues,’ but says underlying business is strong

Paul Gillin — Thu, 13 Feb 2025 22:56:10 +0000

Informatica Inc.’s stock plummeted more than 33% in after-hours trading after the data integration company reported lower-than-expected revenue in the fourth quarter. Informatica blamed internal sales issues and customers’ more rapid than expected migration to the cloud, which hit maintenance revenues. Revenue fell nearly 4% from a year ago, to $428.3 million, below consensus estimates […]

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From hurdles to high-impact AI: How Nutanix is clearing the path for enterprise adoption

Victoria Gayton — Thu, 13 Feb 2025 18:40:27 +0000

Hybrid enterprise AI has emerged as a cornerstone for enterprises looking to balance on-premises and cloud-based deployments. As artificial intelligence shifts from a future ambition to a present-day imperative, organizations demand more accessible, adaptable and cost-effective solutions. Answering that call, Nutanix Inc. has brought its unified hybrid strategy into sharp focus this year during industry-shaping […]

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SAP announces Databricks partnership to power AI with Business Data Cloud

Kyt Dotson — Thu, 13 Feb 2025 10:30:31 +0000

Enterprise software giant SAP SE today debuted the Business Data Cloud, a new data solution that unifies all SAP data and third-party data throughout an organization to provide a foundation for insights and artificial intelligence applications. The company also announced a partnership with enterprise data processing and AI company Databricks Inc. The collaboration natively embeds […]

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Cloud storage optimization startup Lucidity raises $21M

Mike Wheatley — Thu, 13 Feb 2025 01:43:45 +0000

Lucidity.cloud Ltd., an Indian startup that helps automate multicloud storage management, said today it has raised $21 million in an early-stage funding round, following rapid growth over the last year. Today’s Series A round was led by WestBridge Capital and saw participation from existing investor Alpha Wave. It brings the startup’s total funding to $31 […]

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Shares of Fastly fall hard and fast on earnings miss and weak guidance

Mike Wheatley — Thu, 13 Feb 2025 01:04:13 +0000

Fastly Inc., the cloud-based edge infrastructure and content delivery network provider, delivered mixed fourth-quarter earnings results and weak guidance today, and its stock plummeted like a stone in extended trading. The company reported a loss before certain costs such as stock compensation of three cents per share, falling short of Wall Street’s target of break-even […]

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Harness expands experimentation and feature management for DevOps teams

Kyt Dotson — Wed, 12 Feb 2025 16:00:44 +0000

Harness Inc., the software delivery startup that provides tools for developers to update and monitor applications as they go, today announced several new features that expand its feature management and experimentation capabilities. The new features come from the completion of the company’s integration of Split Software Inc., a company Harness acquired in May, into the […]

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Freshworks reports strong quarter with 22% revenue growth and earnings beat

Duncan Riley — Tue, 11 Feb 2025 23:40:19 +0000

Shares in Freshworks Inc. rose more than 6% in late trading today after the customer service and support software firm impressed investors with revenue and earnings beats in its fiscal 2024 fourth quarter. For the quarter that ended on Dec. 31, Freshworks reported adjusted earnings per share of 14 cents, up from eight cents per […]

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Harness and Traceable announce merger to bring API security to AI-driven software delivery

Kyt Dotson — Mon, 10 Feb 2025 17:30:25 +0000

Continuous software delivery startup Harness Inc. announced a merger today with application programming interface security startup Traceable Inc., which will bring its cybersecurity technology to the development and operations pipeline. Harness and Traceable are co-founded and helmed by Jyoti Bansal (pictured), who serves both as chief executive officer. Harness launched in 2017 with the mission […]

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IP Fabric releases new 7.0 update with enhanced cloud and security insights

Duncan Riley — Mon, 10 Feb 2025 08:00:17 +0000

Automated network assurance startup IP Fabric Inc. today announced the release of IP Fabric Version 7.0, a new version of the company’s platform that’s designed to simplify compliance with regulations and security frameworks and strengthen operational resiliency across multicloud environments for critical digital services. The new release seeks to address the issue wherein global enterprises that require […]

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Investors cool on cloud but CEOs double down

Dave Vellante — Sat, 08 Feb 2025 21:02:58 +0000

Earnings reports from the big three cloud players disappointed investors this week. All three U.S. hyperscalers fell a bit short of consensus for their cloud revenue in the December quarter and investor reaction has been negative. But squinting through the data, there’s a lot to like about the position of Amazon Web Services, Google Cloud […]

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Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending

Mike Wheatley — Thu, 06 Feb 2025 23:46:45 +0000

Amazon.com Inc. beat Wall Street’s expectations on fourth-quarter earnings and revenue today, but sales in its all-important cloud computing business came up short, and guidance for the current quarter was light. As a result, investors were less than satisfied, and Amazon’s stock fell more than 4% in the late-trading session, erasing a slight gain earlier […]

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Mirantis open-sources k0rdent Kubernetes management platform

Maria Deutscher — Thu, 06 Feb 2025 14:00:24 +0000

Mirantis Inc. today introduced k0rdent, an open-source platform designed to help enterprises manage their Kubernetes clusters. The company has released the tool’s code on GitHub. Google LLC created Kubernetes to ease the task of managing containerized applications. The platform automatically recovers from infrastructure outages, distributed workloads across servers and performs related tasks. But managing Kubernetes […]

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Workday lays off 1,760 employees to focus on AI and platform innovation

Duncan Riley — Wed, 05 Feb 2025 23:25:31 +0000

Enterprise resource planning software company Workday Inc. announced today that it will cut around 8.5%, or 1,760 jobs, from its workforce as part of a push for growth and increasing investments in artificial intelligence. The news of the layoffs was revealed in a memo to employees that was published as part of a filing with […]

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Alphabet’s stock plunges on revenue miss and high AI spending

Mike Wheatley — Tue, 04 Feb 2025 23:45:20 +0000

Investors bailed on Google LLC’s parent company Alphabet Inc. in late trading today after it posted fourth-quarter revenue that fell short of Wall Street’s expectations. The company only just came in ahead of expectations on earnings too. It reported earnings before certain costs such as stock compensation of $2.15 per share, edging past the Street’s […]

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Salesforce reportedly letting go 1,000+ workers in new round of layoffs

Maria Deutscher — Tue, 04 Feb 2025 20:12:00 +0000

Salesforce Inc. is launching a workforce reduction initiative that will affect more than 1,000 employees, Bloomberg reported today. It’s unclear which business units are set to see cuts. A source told Bloomberg that Salesforce will enable affected employees to apply for other positions internally. The company’s last major round of layoffs took pace last January, […]

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Kyndryl sales fall but management promises return to growth this quarter

Paul Gillin — Mon, 03 Feb 2025 22:44:26 +0000

Kyndryl Holdings Inc. today reported adjusted earnings that beat analysts’ estimates on lower sales in its fiscal third quarter. Earnings of 51 cents per diluted share compared with a loss of five cents a year earlier and beat the consensus estimate of 41 cents. Revenue fell to $3.74 billion from $3.94 billion a year earlier, […]

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HPE synergizes with OpsRamp to rethink hybrid cloud management

Victor Dabrinze — Mon, 03 Feb 2025 22:23:31 +0000

The digital transformation era demands efficiency, agility and adaptability. As businesses navigate an increasingly complex IT landscape, hybrid cloud strategies have become indispensable. Following its acquisition of OpsRamp, Hewlett Packard Enterprises Co. has fostered a unique kinship aiming to propagate the hybrid cloud operating model. “What we saw, as hybrid cloud became more pervasive, was […]

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Aviatrix expands cloud networking strategy with partner-first approach

Victoria Gayton — Mon, 03 Feb 2025 18:28:13 +0000

The complexity of modern IT environments is growing as enterprises distribute applications across multiple public clouds and data centers, creating an increasing demand for secure, simplified cloud networking solutions. As enterprises face this challenge, Aviatrix Systems Inc. is offering a cloud networking platform that integrates security and networking functions across multicloud environments, according to Doug […]

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Atlassian’s shares surge 18% after it smashes earnings expectations in latest quarter

Duncan Riley — Thu, 30 Jan 2025 23:03:35 +0000

Shares in Atlassian Corp. jumped more than 18% in late trading today after the Australian collaboration software company smashed expectations on earnings and delivered a solid beat on revenue in its fiscal 2025 second quarter. For the quarter that ended on Dec. 31, Atlassian reported adjusted earnings per share of 96 cents, up from 73 […]

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ServiceNow stumbles with revenue miss and tepid guidance for the year ahead

Mike Wheatley — Thu, 30 Jan 2025 02:21:03 +0000

Investors punished ServiceNow Inc. for its mixed fourth-quarter results and disappointing forecast, with a sharp selloff sending its stock way down in the after-hours trading session today. The company reported fourth quarter earnings before certain costs such as stock compensation of $3.67 per share, narrowly beating the Street’s target of $3.65 per share. However, its […]

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Microsoft’s AI revenue grows, but its stock falls on lower guidance and spending concerns

Mike Wheatley — Wed, 29 Jan 2025 23:41:22 +0000

The Microsoft Corp. stock price dipped after-hours despite a 10%rise in profit from its fiscal second quarter, as the company strives to capitalize on the massive investments it has made in artificial intelligence infrastructure. The company said its revenue from AI products and related services has now hit an annual run rate of $13 billion, growing […]

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UK regulator identifies competitive issues in public cloud market

Maria Deutscher — Tue, 28 Jan 2025 21:59:25 +0000

The U.K.’s antitrust watchdog has tentatively determined that the public cloud market is not as competitive as it should be. The Competition and Markets Authority, or CMA, published its findings today. The investigation could lead the regulator to assign so-called strategic market status to Amazon Web Services Inc. and Microsoft Corp., the two largest players […]

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