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. ...
3h 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...
4h 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...
7h 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 ...
7h 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...
7h 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...
9h ago
Israeli cyber startup Apex gets initial investment from OpenAI's Altman
By Steven Scheer JERUSALEM (Reuters) - Israeli cyber security start-up Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Alt...
9h ago
Freshworks plunges after cutting annual revenue forecast, CEO transition
(Reuters) - Freshworks' shares plunged nearly 30% in premarket trading on Thursday after the CRM software maker cut its full-year revenue forecast and named a new CEO. The company now expects annual revenue between $695 million and $705 million, co...
10h ago
Ametek beats profit estimates on strong demand from aerospace, defense sectors
(Reuters) - Industrial technology solutions provider Ametek beat estimates for first-quarter profit on Thursday, as it benefited from a boom in the aerospace and defense sectors. Robust air travel demand and simmering geopolitical tensions have dri...
10h ago
Nigeria court adjourns Binance and execs trial to May 17
By Camillus Eboh ABUJA (Reuters) - A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the exchange said he had not been served with document...
10h ago
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) - Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump. Sales to Chinese smartphone makers jumped 40% in the f...
10h ago
Google faces closing arguments in US market power trial
WASHINGTON (Reuters) - The U.S. government will layout its antitrust case against Alphabet's Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. The U.S. gove...
12h ago
Chip parts supplier Siltronic's profit falls on high client inventories
(Reuters) - German chip equipment supplier Siltronic reported a 27.5% drop in first-quarter core profit on Thursday, a week after it slashed annual targets due to customers' still high inventories. The company, which makes silicon wafers used in se...
17h ago
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
By Greg Torode HONG KONG (Reuters) - A senior U.S. official on Thursday urged China and Russia to match declarations by the United States and others that only humans, and never artificial intelligence, would make decisions on deploying nuclear weap...
18h ago
Microsoft to invest $2.2 billion in Malaysia's digital transformation
KUALA LUMPUR (Reuters) - Microsoft will invest $2.2 billion over the next four years in Malaysia to support the country's digital transformation, the company said in a statement on Thursday. (Reporting by Danial Azhar and Rozanna Latiff; Editing b...
18h ago
Japan's Mitsubishi full-year profit down 18%, misses estimates
TOKYO (Reuters) - Japanese trading house Mitsubishi Corp posted on Thursday a 18.4% fall in net profit for the year ended in March to 964 billion yen ($6.2 billion), missing estimates. A LSEG poll of analysts had forecast Mitsubishi's net profit fo...
18h ago
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
ICHEON, South Korea (Reuters) - South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets are almost sold out for 2025, after their 2024 chips were fully booked. Chief Executive Officer Kwak Noh-Jung said the...
20h ago
Cognizant first-quarter revenue beats estimates on steady spending by clients
(Reuters) - Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading. Signs of improving business environment a...
May 01, 2024
PTC forecasts quarterly revenue below estimates
(Reuters) - Industrial software maker PTC forecast quarterly revenue below estimates while also slightly tightening full year guidance on Wednesday, signaling continued weakness in demand for its industrial design and testing software as companies ...
May 01, 2024
Freshworks names Dennis Woodside as CEO, shares tumble
(Reuters) - Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish Mathrubootham will be the firm's executive chairman. Shares of the San Mateo, California-based company fell about 21% ...
May 01, 2024
Paycom forecasts Q2 revenue below estimates
(Reuters) - Paycom Software on Wednesday forecast second-quarter revenue below market estimates, hit by sluggish demand for payroll and human resource management solutions. Sticky inflation and high borrowing costs have clouded the payroll processo...
May 01, 2024
Qorvo forecasts quarterly results below estimates on weak flagship smartphone market
(Reuters) - Wireless connectivity chipmaker Qorvo forecast first-quarter revenue and profit below Wall Street estimates on Wednesday as it expects weak demand from flagship smartphone market, sending shares down more than 11% in aftermarket trading...
May 01, 2024
Etsy misses first-quarter sales, profit estimates on lower discretionary demand
(Reuters) - Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace. WHY IS IT IMPORTANT? Despite ...
May 01, 2024
Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
(Reuters) - Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth. Shares of the company, which counts General Motors and Merce...
May 01, 2024
EBay forecasts quarterly revenue below expectations
(Reuters) - Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for product categories like collector's items and auto parts. The company expects revenue in the range of $2.49 billion to $2....
May 01, 2024