Oracle, a major technology company, is cautioning that a potential ban on the popular social media app TikTok could have negative consequences on its revenue and profits. The company has expressed concerns about the impact of such a ban on its business operations, as TikTok is a significant customer of Oracle’s cloud computing services. Oracle’s … Read more
MoneyLion has appointed Jon Kaplan as its Chief Revenue Officer (CRO), with a focus on expanding the company’s market share and creating new revenue opportunities using data assets. Kaplan, who previously worked at Pinterest and Google, has a track record of driving significant growth and innovation. Before joining MoneyLion, Kaplan was CRO at madhive, a … Read more
Nutanix recently reported its first-quarter fiscal 2022 financial results, with a non-GAAP loss of 22 cents per share, narrower than expected. The company’s revenues of $378.5 million also beat estimates, showing a 21% increase from the year-ago quarter. Nutanix’s Annual Contract Value billings saw a significant jump of 33% during the quarter, marking the highest … Read more
In the fourth quarter of 2023, AWS posted hosting and cloud computing revenue of around $24 billion. Amazon, a premier online retailer globally and the top e-commerce platform in the US, had net sales surpassing $470 billion in 2021, rising from $386 billion the year before. Amazon’s array of products includes books, clothing, electronics, and … Read more
NVIDIA (NASDAQ: NVDA) is currently dominating the market with popular stocks such as the H100, A100, and the new Blackwell semiconductor chips. Despite its reputation for GPU chips and data center services, the company’s revenue is split between computing and networking and graphics. NVIDIA’s success is largely due to its CUDA platform, which allows developers … Read more
Broadcom (NASDAQ:AVGO) has seen a significant increase in its stock prices following the announcement of higher revenue in the chipmaker’s fiscal second quarter and the decision to carry out a stock split. The company’s shares have more than doubled in value in the last year. In the second quarter of fiscal year 2024, which ended … Read more
TelephonePe’s digital payments platform is making strategic moves to counteract Google Play’s dominance by partnering with major smartphone makers to pre-install Indus App Store in their devices. The goal is to reach 15 million users by the end of the year through deep partnerships with the developer ecosystem, fair commissions, and local support. The platform … Read more
The Los Angeles 2028 Olympics committee, also known as LA28, has recently secured a sponsorship agreement with technology giant Cisco. This agreement promises to contribute to the committee’s sponsorship income fund, providing financial support for the upcoming Olympic Games. LA28’s partnership with Cisco is expected to bring in significant revenue, helping to support various aspects … Read more
Broadcom’s stock prices have reached record levels due to strong revenue growth in the second quarter of fiscal 2024, with a significant increase in AI-related revenue. The company’s revenue rose 43% year over year to $12.5 billion, with AI revenue increasing by 280% to $3.1 billion. However, there were declines in server storage and broadband … Read more
Cisco Systems Inc (NASDAQ: CSCO) has faced challenges this year, with its stock falling about 9% since the beginning of January. The company has seen a slowdown in product sales as customers focus on deploying purchased products. Additionally, large companies are cutting back on network spending amid economic uncertainty. Competition from smaller networking companies has … Read more