Duncan Riley
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Five in a row: Cisco beats the market again with stellar quarterly financials
The last quarter was a good one for Cisco Systems Inc. with the networking giant beating market expectations for the fifth straight quarter in a row. Cisco reported Q3 2015 revenue of $12.14 billion, up 5 percent on the same quarter in 2014, with earnings per share coming in at 47 cents GAAP, 54 cents non-GAAP. ...
New Relic shares rise after data analytics firm beats market forecasts with quarterly financials
New Relic Inc. shares rose in after-hours trading Tuesday after the data analytics firm beat market forecasts with their quarterly financials. The company reported revenue of $33.4 million for the quarter, up 68 percent compared with the fourth quarter of fiscal 2014 and 15 percent from the third quarter of fiscal 2015. GAAP loss from ...
Bad for the web: Facebook plays news gatekeeper with new Instant Articles service
Facebook Inc. has launched a new service whereby publishers post full content on Facebook, a move that does nothing to encourage competition, and everything to increase the lock-in value of the Facebook ecosystem. Called “Instant Articles,” the service sees initially nine partners posting selected content on Facebook in a new view that includes interactive features ...
Hortonworks impresses with strong Q1 numbers, revises up projections for coming year
The first quarter of 2015 was a good one for Hortonworks, Inc. with the company reporting numbers that topped market estimates, along with revised upward projections for the year ahead. For Q1, Hortonworks booked total GAAP revenue of $22.8 million, up 167 percent compared to the first quarter of 2014. Gross profit came in at $11.3 million, compared ...
Mental health chat startup Talkspace raises $9.5m Series A
Mental health chat startup Talkspace (Groop Internet Platform Inc.) has raised $9.5 million Series A in a round led by Spark Capital that included SoftBank, Metamorphic Ventures and TheTime. Based in New York City Talkspace is a global online therapy platform that connects people with licensed therapists. Users access the service via the website or mobile ...
Verizon acquires AOL for $4.4 billion
Verizon Communications, Inc. has entered an agreement to acquire AOL, Inc. for $4.4 billion. The deal is reported to have Verizon paying $50 a share for AOL stock, a premium on top of its closing price of $42.59 Monday. Verizon’s vision “Verizon’s vision is to provide customers with a premium digital experience based on a global ...
South Korean e-commerce startup Coupang close to raising $1 billion from SoftBank
E-commerce startup Coupang, often described as the Amazon of South Korea, is said to be close to raising $1 billion in a private equity round led by Japan’s SoftBank Corp. According to a report in the South Korean press (link in Korean,) the two parties are said to be in the process of due-diligence prior ...
Warner Music reports revenue from streaming services now higher than downloads
Any doubt that streaming music is the one and only future for the music industry was knocked on its head Monday with figures from Warner Music Group Corp. showing that the revenue from streaming services surpassed digital downloads for the first time. Warner reported that overall digital revenue was up 7 percent for the quarter, ...
NoSQL database company MarkLogic raises $102 million, achieves Unicorn status
Enterprise NoSQL database company MarkLogic Corp. has raised $102 million in a private equity round that included Gary Bloom, Tenaya Capital, Sequoia Capital, Northgate Capital Group, Arrowpoint Partners and Wellington Management Co. Although not officially disclosed, the round is said to be on a valuation “of more than $1 billion,” giving MarkLogic Unicorn status for ...