Updated: Facebook Inc. initially shrugged off unprecedented challenges and criticism today despite reporting slower-than-expected revenue growth with profit that topped analysts’ estimate. Facebook also announced plans to break off its Facebook Reality Labs unit into a separately reporting unit, and said heavy investment in that segment will reduce 2021 operating profit by a hefty $10 ...

GitLab Inc., which provides a cloud service to enable software developers to share code and collaborate on projects, today announced plans to go public with an initial offering of stock. The San Francisco-based company, which counts among its competitors Microsoft Corp.-owned GitHub and Atlassian Corp. PLC’s BitBucket, didn’t reveal yet how much it plans to raise ...

As Box Inc. battles an activist investor’s demands for changes to the company, its earnings report today may provide a bit of ammunition for the content management firm to keep control ahead of its Sept. 9 annual meeting when investors will essentially vote on its strategy and management team. Since buying about an 8% stake ...

Despite higher-than-expected cloud computing revenue growth, Amazon.com Inc. saw its shares fall about 7% in after-hours trading on a second-quarter revenue shortfall and lower-than-expected guidance for the current quarter. For much of the past year, the pandemic helped Amazon.com Inc. reach new heights as more people shopped online and more businesses flocked to the cloud, ...

Facebook Inc. today easily beat estimates for its second-quarter results, but a warning that growth would slow in coming quarters knocked its stock down in after-hours trading. The company said it earned a net profit of $10.4 billion, or $3.61 a share, slightly more than double its profit a year ago, as revenue jumped 56%, ...

The economy’s fitful emergence from the pandemic drove a big upside surprise in second-quarter earnings at Google LLC parent Alphabet Inc., thanks to advertising on search results and YouTube — as well as an acceleration in cloud computing revenue and a big reduction in cloud unit losses. The advertising and cloud services giant today said ...

Amazon Web Services Inc. has become famous, or perhaps infamous, for the constant introduction of new cloud computing services, so many that customers often have trouble keeping track of them all — and databases are no exception. One of the newest among the at least 15 databases available from AWS is Amazon Timestream, which became generally ...

As the annual RSA Conference gets underway Monday morning in digital form, it will be a coming-out of sorts for RSA Security LLC, the venerable cybersecurity company that owns the conference. As RSA continues its disengagement from Dell Technologies Inc., which sold the operation last year for about $2.1 billion to a consortium led private-equity ...

Amazon.com Inc. boomed last year thanks to COVID-19 spurring both a consumer rush to buy online and a business imperative to move operations to the cloud — and not even the easing of the pandemic in some parts of the world has slowed its momentum. That was apparent today when the retail and cloud computing ...

Benefiting from the easing of the COVID-19 pandemic, Facebook Inc. today reported its first-quarter profit nearly doubled on much better-than-expected revenue. The social networking giant, which also counts Messenger, WhatsApp and Instagram among its properties, said it earned a first-quarter profit of $9.5 billion, or $3.30 a share, up 94% from a year ago. Revenue ...