cloud computing

Salesforce chief freezes pay following investors’ complaints

The 2016 base pay for Marc Benioff, chief executive officer of Salesforce, will be similar to that of 2015, following investors' complaints regarding his huge pay package in 2015.

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Oracle Q3 profit falls as robust US dollar offset growth in cloud business

Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.

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Hewlett-Packard Enterprise Profit Beat Estimates, But Hurt By Negative Currency

Hewlett-Packard Enterprise reported its quarterly result on Thursday. The company booked a better than expected revenue and profit, but its earning fell by negative currency impacts.

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GitHub faces overhaul as many executives quit

GitHub is experiencing a huge inner havoc as many executives flee from the company. Chris Wanstrath has been overhauling the firm's culture backed by its board.

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Cisco to acquire Jasper for $1.4 billion

Cisco announced its intention to purchase Jasper Technologies, a provider of cloud service for internet-powered devices, for $1.4 billion. The merger will enable Cisco to provide a full IoT solution which is inter-operable through devices and coordinates with application developers and IoT service providers.

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Microsoft to place future data centers under water

Microsoft has put a prototype of data center under the ocean to examine its efficacy to work hundreds of feet beneath the ocean surface. The underwater data centers could reduce the delay in web service.

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Web services push Amazon revenues up; posts profit

The world's largest online retailer has posted encouraging performance for the third quarter ending September 2015. The higher sales in the US and cloud computing business pushed its bottom line to swell. Amazon announced profits for the consecutive second month. Adding to this, the cost control measures and expanding beyond online marketing helped Amazon perform better. Amazon Web Services (AWS) propelled Amazon's overall revenues to grow further.

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IBM revenue down for the 14th quarter, cuts profit forecast

International Business Machines Corp (IBM) has announced more than projected fall in revenues as the stronger US currency put pressure on demand from China and other emerging economies. As a result, IBM has lowered its profit forecast for the full year. The revenues were down 13.9 percent to $19.28billion for the quarter ending September as against the forecast of $19.62bn. The latest drop in revenues marks the continuous fall for 14 quarters in a row.

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Oracle's Ellison eases concerns about possible NSA access on firm's cloud computing clients

Chief Executive Officer Larry Ellison eased worries that the private information of Oracle's cloud computing clients could be accessed by the National Security Agency, Reuters reported.

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Intuit partners with Capital One, Wells Fargo to provide access to customer financial data

The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.

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Scale Venture Partners welcomes Ariel Tseitlin as its new venture partner

Former Netflix executive Ariel Tseitlin joins Scale Venture Partners as its newest venture partner.

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Veeva files for USD 182.6 million US IPO

Veeva Systems Inc filed for a USD 182.6 million IPO in the New York Stock Exchange.

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Veeva files for IPO with US Securities and Exchange Commission

Veeva's cloud software solutions expansion would go full blast after the capital infusion post-IPO.

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ZTE Corp seeking to expand cloud services in China

In a bid to increase its contribution to ZTE's overall revenues, the cloud computing and IT productions operations of the firm had laid out plans to expand cloud computing in China.

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The cost of NSA leaks on cloud computing

One of the first victims of the Snowden affair was the closure of secure email service provider Lavabit.

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