Expedia lowers full-year revenue forecast on slow B2C growth
(Reuters) - Online travel agency Expedia cut its 2024 revenue growth forecast on Thursday, as gross bookings were hit by poor performance in its business-to-consumer segment. Shares of the company were down about 8% after the bell. "Given the Vrbo ...
14h ago
Cloudflare reports wider first-quarter operating loss, shares slide
(Reuters) - Cloudflare reported wider first-quarter operating loss on Thursday as sales and marketing costs jumped in the period, sending shares down 12% in trading after the bell. High interest rates have hurt enterprise budgets as businesses expe...
15h ago
Fortinet projects quarterly billings below estimates as competition heats up
(Reuters) - Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools. Shares of the Sunnyvale, Calif...
15h ago
Coinbase posts soaring profit on jump in crypto prices
(Reuters) - Coinbase Global posted a sizable jump in profit in the first-quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S. spot bitcoin exchange-traded funds in January. The company on Thursday reported a...
16h ago
Bain Capital looking at French tech company Atos, reports Les Echos
PARIS (Reuters) - U.S. private equity firm Bain Capital is looking at French tech and software company Atos, reported French paper Les Echos on its website, citing sources. Atos is in the middle of a restructuring and planned asset sale programme. ...
16h ago
Many US telecom firms need more funding to replace Huawei and ZTE equipment, FCC says
WASHINGTON (Reuters) - The Federal Communications Commission (FCC) said on Thursday nearly 40% of U.S. telecom companies need additional government funding to remove equipment made by Chinese telecoms firms Huawei and ZTE from American wireless net...
18h ago
Oracle updates database technology for AI chatbots
By Stephen Nellis (Reuters) - Oracle on Thursday released an update to its database technology intended to make it more useful with artificial intelligence technology. The update, which is called Oracle Database 23ai, introduces technology that wil...
20h ago
RIA custodian Altruist valued at over $1.5 billion in latest funding round
(Reuters) - Altruist said on Thursday it had raised fresh capital in a funding round that gave the custodian for registered investment advisors (RIAs) a valuation of more than $1.5 billion. It raised $169 million in a series E funding round led by ...
20h ago
Apple to extend new core technology fee to iPadOS apps
By Foo Yun Chee BRUSSELS (Reuters) - Apple will extend a newly introduced core technology fee to iPadOS apps downloaded on its App Store after the operating system for iPads was added to a list of key services subject to EU tech rules, the iPhone m...
20h ago
Indian IT firm Coforge's Q4 revenue just short of estimates, contract wins double
BENGALURU (Reuters) - Indian IT company Coforge reported a marginally smaller-than-expected fourth-quarter revenue on Thursday amid overall tepid tech spending from clients. WHY IT'S IMPORTANT India's $254 billion IT sector has been struggling in r...
22h ago