cloud computing

Snowflake Inc, a startup engaged in the cloud-based data warehousing business, filed for an initial public offering with the Securities and Exchange Commission on Monday. What Happened:  The company plans to list its shares on the New York Stock Exchange, under...

Rackspace Technology, Inc. raised $704 million in its initial public offering Tuesday, pricing the shares at the lower end of its previously indicated range. What Happened The Apollo Global Management Inc (NYSE: APO)-backed cloud computing firm sold 33.5 million shares priced at $21 each...

Alibaba Group Holdings Ltd. (NYSE: BABA) on Tuesday said it was planning to add another 5,000 employees in its cloud unit by the end of this financial year globally. What Happened The employees will work in areas such as network, database, servers, chips, and artificial intelligence, the Chinese e-...

Software giant Microsoft Corporation (NASDAQ: MSFT) is scheduled to release its fiscal year 2020 second-quarter results Wednesday after the market close. One analyst at Wedbush is confident of the company outperforming, riding on its cloud strength. The Analyst Wedbush analyst Daniel Ives...

One of the highest-growth secular tech trends of the 2020s will be cloud computing. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Software-as-a-service (SaaS) is the largest segment, which Gartman projects will account for $116 billion in spending this year....

The universe of cloud computing exchange traded funds expanded in significant fashion with the WisdomTree Cloud Computing Fund (NASDAQ: WCLD) being one of the newest additions to the group following its September launch. WCLD, which follows the BVP Nasdaq Emerging Cloud Index, holds 48 stocks and...

Can Alphabet Inc.'s (NASDAQ: GOOGL) Google Cloud compete with the two industry giants? And if it can’t, will it shift its focus elsewhere? A report in The Information suggested Google is pushing to have its cloud computing services unit beat at least one of the big two in the space,...

This weekend's Barron's cover story takes a look at Pfizer Inc. (NYSE: PFE) as it seeks to take a new direction. Other featured articles consider whether the bull run on Wall Street may end next year, and a look at the prospect of a major merger in financial services. Also, a look at an...

Amazon.com, Inc. (NASDAQ: AMZN) is planning to protest a $10 billion cloud computing contract, known as JEDI, which the Department of Defense awarded to Microsoft Corp (NASDAQ: MSFT) in October. The two cloud computing giants had been battling for over two years about who would run the ...

Microsoft Corporation (NASDAQ: MSFT) shares are trading higher following confirmation the company has won $10 billion cloud computing contract from the Pentagon. The Joint Enterprise Defense Infrastructure Cloud (JEDI) contract will modernization the Pentagon and is meant to make its technology...

For Microsoft Corporation (NASDAQ: MSFT), the future is getting less cloudy every quarter — it’s in the cloud. With Azure cloud services again boosting the balance sheet, with some help from Windows subscription growth, Microsoft reported a robust first quarter, with earnings and...

Shares of Palo Alto Networks Inc (NYSE: PANW) continued to rebound with investors and sell-side analysts seeing long-term upside amid a shift to cloud security that outweighs weaker near-term guidance. The stock initially dropped after the fourth-quarter print despite results that beat Street...

ServiceNow Inc (NYSE: NOW) reported second-quarter results, highlighted by a modest billings beat. Revenue grew by 35% year-over-year and subscription revenue was higher by 36% year-over-year. Management lifted GAAP subscription revenue guidance for the full fiscal year from $3.243 billion to $3.25...

Who will be the military’s Jedi master? That’s not a metaphor: The U.S. Court of Federal Claims heard a case Wednesday that will play a part in determining which of the country’s largest cloud computing companies will get to build the future of military data handling; the Pentagon...

The cloud is democratizing access to software and computing resources. With Carggo, freight brokerages can leverage sophisticated matching and pricing engines to grow their businesses at a very low cost. Freight brokerage in North America is undergoing a technological transformation enabled by...