Shares in Adobe Inc. failed to move in after-hours trading after the software company delivered solid first-quarter earnings and offered guidance close to analysts’ expectations. For its first quarter ended Feb. 28, Adobe reported revenue rose 19%, to $3.09 billion, from a year ago. Net profit was $955 million, or $1.96 a share or $2.27 adjusted ...

Shares in Slack Technologies Inc. plunged nearly 20% in after-hours trading Thursday after the provider of online team collaboration services issued a lower-than-expected first-quarter forecast because of coronavirus concerns. For the fourth quarter ended Jan. 31, Slack’s revenue rose 49%, to $181.9 million, from the same quarter in 2018. That beat average analysts’ prediction of $174.1 million. Calculated ...

Hackers are once again taking advantage of concerns of COVID-19 by using fake coronavirus maps to infect visitors with malware. Detailed Monday by cybersecurity researcher Shai Alfasi from Reason Cybersecurity Ltd., the fake maps were founded to be attempting to infect unsuspecting visitors with the AZORult malware. The malware, first discovered in 2016, is an information stealer that ...

The Celo Foundation, the group behind the Celo blockchain project, today announced the Alliance for Prosperity, a rival to Facebook Inc.’s Libra Foundation. The alliance, dubbed by some members the “new Rebel Alliance,” has 50 founding members across a range of industries, including blockchain and cryptocurrency, finance, venture capital, payment firms, charities and telecommunications. They have committed ...

Troubled augmented reality company Magic Leap Inc. is said to be exploring its options, including a sale, according to an unconfirmed report. Bloomberg, citing people familiar with the matter, said the company is working with an adviser to consider strategic options that could include a partnership or selling a significant stake ahead of a potential initial public offering. ...

Major tech companies attended a meeting with White House officials Wednesday to discuss ways they can provide a coordinated response to the coronavirus outbreak. The meeting was convened by the Office of Science and Technology Policy and included public health officials along with representatives of Facebook Inc., Alphabet Inc., Amazon.com Inc., Microsoft Corp., Twitter Inc., Cisco ...

A new study from WhiteHat Security based on a survey of industry professionals at the RSA Conference has found that while more than half of organizations use artificial intelligence or machine learning in their security systems, nearly 60% are still more confident in cyberthreat findings verified by humans. The survey responses are said to reflect the need ...

Payments startup SpotOn Transact Inc. announced today it has raised $50 million in new funding to continue the company’s investment into product development and building solutions for specific industries. The Series B round was led by 01 Advisors and included Dragoneer Investment Group, Franklin Templeton and EPIQ Capital Group. Founded in 2017, SpotOn offers cloud-based software that ...

Microsoft Corp. said Tuesday it has teamed with security firm Bitsight Technologies Inc. and others to take down the infamous Necurs botnet. The botnet, regarded as one of the world’s most prolific botnets, has infected more than 9 million computers worldwide and was used for a variety of illegal activities, primarily as a dropper for ...

Hacking and other security issues were the themes of this year’s RSA Conference, but it’s a new type of virus that the conference may be remembered: It turns out that at least two attendees of the conference were infected with the coronavirus. COVID-19 cases aren’t exactly new at this point, butthe interesting part is that ...