IBM marks strong start to new chapter as cloud revenue booms
IBM (IBM.N) on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business.
White House will meet execs from Apple, Amazon, IBM to discuss software security
The White House will meet executives from leading tech firms, including Alphabet-owned Google (GOOGL.O), Apple Inc (AAPL.O) and Amazon.com Inc , on Thursday to discuss software security after the United States suffered several major cyberattacks last year.
Carmaker Stellantis sees more revenue from software by 2030
Carmaker Stellantis (STLA.MI) plans to generate about 4 billion euros ($4.5 billion) in additional annual revenue by 2026 from software-enabled products and subscriptions and 20 billion euros by 2030, the company said on Tuesday.
Who’s building the metaverse?
Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet.
Miners, mixed earnings drag down European stocks
European stocks slipped on Wednesday, with miners leading the declines after concerns about Chinese intervention hit metal prices, while mixed corporate earnings reports kept investors on edge.
Pearson to pay $1 mln to settle charges it misled investors, U.S. SEC says
London-based Pearson PLC (PSON.L) will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange Commission (SEC) said on Monday.
Azentio Software to acquire software assets from Path Solutions, a leading core banking software provider
Azentio Software (“Azentio”), a Singapore-headquartered software products business owned by funds advised by Apax, is pleased to announce the signing of a binding agreement to acquire certain software assets from Path Solutions (including the flagship products iMAL™, iSHRAQ™, Path Digital and Path Analytics), a leading provider of core banking software. The transaction is contingent on obtaining relevant regulatory approvals and subject to customary closing conditions. This acquisition will strengthen Azentio’s banking portfolio by adding complimentary core banking software capabilities and a full spectrum of next generation solutions focused on Islamic banks and financial institutions.
Siemens raises profit guidance again as industrial demand ramps up
German engineering and technology company Siemens (SIEGn.DE) raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.
Facebook’s Kustomer deal may hurt competition, EU regulators say
Facebook’s acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online advertising, European Union antitrust regulators warned on Monday as they opened a full-scale investigation into the deal.
Coop, other ransomware-hit firms, could take weeks to recover, say experts
Computer systems of several companies across the world, including 800 physical grocery stores of Sweden’s Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, cyber security experts said.
