Thanks to a continuing rebound in online advertising, Facebook Inc. today reported better-than-expected fourth-quarter profit and revenue growth, but it warned that various challenges could hurt results in coming quarter. The social networking giant, which also operates Instagram and WhatsApp, reported its fourth-quarter profit jumped 53%, to $11.22 billion, or $3.88 a share, on a ...

Facing rising investor pressure to speed up its lagging chipmaking prowess, Intel Corp. today parted ways with Chief Executive Robert Swan and appointed VMware CEO Pat Gelsinger to the top spot. The appointment is surprising mainly in the fact that it took this long for Intel to appoint its former chief technology officer to the ...

The Central Intelligence Agency has awarded a long-awaited multibillion-dollar contract, called Commercial Cloud Enterprise or C2E, to the five major U.S. public cloud providers: Amazon Web Services Inc., Microsoft Corp., Google LLC, Oracle Corp. and IBM Corp. The CIA didn’t disclose the value of the contract, but Nextgov, which broke the news late today, said ...

The big three internet giants today revealed improved earnings despite and in some cases thanks to the COVID-19 pandemic, as advertising and cloud computing growth buoyed third-quarter results. As online ads saw a rebound, Google LLC owner Alphabet Inc. reported a profit of $11.2 billion, or $16.40 a share, up 59% from a year ago. ...

SoftBank Group Corp. is in exclusive talks with Nvidia Corp. to sell chip designer Arm Holdings Ltd. to the graphics chipmaker for more than $40 billion, according to a report this morning in the Wall Street Journal. Citing people familiar with the talks, the Journal said the cash-and-stock deal could be sealed in the low ...

Amazon Web Services Inc. remains the “commanding” leader in cloud computing over No. 2 Microsoft Corp. and No. 3 Google LLC, but Google and “niche” providers Oracle Corp. and Alibaba Group Ltd. are coming on strong. That’s according to a new report from Gartner Inc., its Magic Quadrant for Cloud Infrastructure and Platform Services report, ...

Updated: Hot off Wednesday’s congressional grilling of their chief executives on whether they’re too big, three internet giants today reported a total of almost $146 billion in second-quarter revenue even after the impacts of the coronavirus pandemic — and with Apple Inc. thrown in, the haul topped $205 billion. Amazon.com Inc. appeared to see a ...

Updated: Personal computer and server giant Dell Technologies Inc. today said it’s exploring a possible spinoff of its 81% stake in computer virtualization software firm VMware Inc. The aim of the deal, outlined in a Schedule 13D filing today with the Securities and Exchange Commission, would be to provide more value for Dell shareholders by ...

In a bid to boost its stock price, Dell Technologies Inc. is looking at potentially spinning off its $50 billion stake in VMware Inc., or alternatively buying the rest of the publicly held computer virtualization services company. That’s according to a report today in the Wall Street Journal, citing people familiar with the situation who said both ...

Networking giant Cisco Systems Inc. today announced plans to acquire San Francisco-based network intelligence startup ThousandEyes Inc. for an undisclosed amount. Under the deal, ThousandEyes’ technology will be used across Cisco’s core Enterprise Networking and Cloud services as well as its AppDynamics services. Co-founder and Chief Executive Mohit Lad (pictured) will become general manager of ThousandEyes, under Cisco’s ...