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Meta's stock sank 15% in extended trade after it forecast higher AI spending next year, while Microsoft was down 2%, Alphabet fell 3% and Nvidia AI spending worries cast gloom over Alphabet, Microsoft
IBM reported revenue rose 4% last quarter, driven in part by demand for its AI products and services as well as its hybrid cloud.The computing giant also said free cash flow will improve this year.
That rate of growth was even stronger than what IBM recorded in Q4 2021, when it grew by 6.5%, a result that TechCrunch described as accelerating growth. (IBM also grew in Q3 2021, but a mere 0.3% ...
In tandem, IBM has also pushed AI front and center, starting with IBM Watson and more recently a slew of AI services to support AI demand in the enterprise — this included the launch of Watsonx ...
Big Blue reported $16.7 billion in revenue for the quarter, up 6.5% year over year (8.6% on a constant-currency basis; the strengthening dollar is making a number of companies deal with FX ...
Microsoft announced its second quarter earnings on Tuesday, beating expectations on the top and bottom lines.The company reported adjusted earnings per share of $2.93 on revenue of $62 billion ...
Varonis Systems. Varonis Systems is a software company based in New York City with R&D offices in Herzliya, Israel. They developed a security software platform that allows organizations to manage and protect unstructured data. [4] Varonis performs User Behavior Analytics (UBA) that identifies abnormal behavior from cyberattacks. [5]
In its Q2 earnings report today, company reported revenue of $51.7 billion (up 20 percent from last year) with profits of $18.8 billion (up 21 percent). As usual, Microsoft has its unstoppable ...