Google parent company Alphabet reported mixed third-quarter results Monday, beating analyst expectations for revenue but falling short on profits. The stock fell more than 2% in after-hours trading. Here’s a look at the financials, including a big jump in hiring.
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A Wake Forest, North Carolina-based company sold $1.75 million in shares in a private stock offering, according to a Securities and Exchange Commission filing. Here are the details.
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Add NetApp to the list of tech companies with large operations in the Triangle who are taking financial hits as part of the ongoing trade war between the US and China.
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Columbia Bank with around $7 billion in assets and 51 offices throughout New Jersey, has selected the firm to help it transform its operations in the cloud.
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Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing business that the company says now accounts for almost a third of its total revenue.
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As part of the deal, the telecommunications giant will get to piggyback on Microsoft’s Azure cloud service for its computing needs. It will also use Microsoft 365, which includes Office productivity software, for its workforce.
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If Pendo becomes a “unicorn,” the fast-growing cloud tech firm would join a select group in North Carolina, including Cary’s Epic Games, Charlotte’s AvidXchange Tresata and, more recently, Prometheus Group based right here in Raleigh.
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RISC Networks, a software as a service platform company focused on helping customers migrate operations to cloud computing, has been sold.
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From the day the Red Hat-IBM deal for $34 billion was announced last October, concerns have been raised about whether the Hatters’ innovative company culture would survive. IBM Chair and CEO Ginni Rometty reiterated Tuesday that Red Hat would remain independent as promised.
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