Duncan Riley
Latest from Duncan Riley
Shares in Marvell Technology Inc. dropped in late trading after the infrastructure semiconductor maker issued a lower-than-expected fiscal third-quarter outlook. For its second quarter ended July 30, Marvell reported a profit before costs such as stock compensation of $486 million, or 57 cents per …
Strong growth drives Workday earnings beat, revised outlook
Shares in Workday Inc. surged in late trading after the enterprise resource planning software giant delivered an earnings beat and revised its operating margin outlook amid strong growth. For its second quarter ended July 31, Workday reported a profit before costs such …
Zuora acquires subscription paywall software startup Zephr for $44M
Cloud subscription services company Zuora Inc. has announced it has entered a deal to acquire subscription paywall software startup Zephr Inc. for $44 million in cash. Founded in 2017, Zephr offers a technology platform for media companies to grow their subscription revenue. The company …
Box shares drop slightly after modest earnings beat
Shares in Box Inc. dropped slightly in late trading despite the file-sharing company reporting a modest earnings beat in its fiscal second quarter. For the quarter ended July 31, Box reported a profit before costs such as stock compensation of 28 cents per …
Salesforce shares drop on weak quarterly and full-year outlook
Salesforce Inc. shares dropped in late trading today after the cloud-based software company came up short in its quarterly and full-fiscal year outlook. For its second quarter ended July 31, Salesforce reported a profit before costs such as stock compensation of $1.19 …
NetApp shares rise on earnings beat and strong outlook
Shares in NetApp Inc. rose firmly in late trading after the enterprise storage company reported an earnings beat and an outlook on the higher side of expectations. For its fiscal first quarter ended July 29, NetApp reported a profit before costs such …
A-LIGN updates deliver complete compliance solution automation
Cybersecurity and compliance solutions provider A-LIGN Compliance and Security Inc. today announced the release of compliance automation updates to their compliance management platform A-SCEND to deliver complete compliance solution automation. The updates are said to offer the industry’s first end-to-end compliance software …
Former engineer pleads guilty to stealing Apple car trade secrets
A former Apple Inc. engineer has pleaded guilty to stealing trade secrets from Apple’s car division in a plea agreement with U.S. authorities. Xiaolang Zhang was employed by Apple in December 2015 to work on Project Titan, Apple’s self-driving car project, where …
LockBit ransomware gang knocked offline after publishing stolen Entrust data
The infamous ransomware gang LockBit has had its leaks site knocked offline in a distributed denial-of-service attack, and the gang blames cybersecurity company Entrust Corp. for the attack. Bleeping Computer reported today that the leak site was knocked offline in a DDoS attack …
Lloyd’s: Companies must exclude coverage for state-based attacks and acts of war by 2023
Insurance marketplace provider Lloyd’s of London has informed insurance companies that they must exclude coverage for acts of war and state-based cyberattacks starting in March 2023. In a memo written Aug. 16 by Lloyd’s Underwriting Director Tony Chaudh, companies were told that …