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 ...

Cloud computing again helped drive much higher-than-expected revenue in Alphabet Inc.’s first-quarter results reported today, but advertising really stole the show this time. The parent company of Google LLC earned a profit of $17.9 billion, or $26.29 a share. That was up nearly threefold from a year ago, setting a new record high for quarterly ...

Dell Technologies Inc. today announced the long-expected spinoff of VMware Inc., the computing virtualization company it has majority-owned since it bought then-owner EMC Corp. in 2016. The computing giant said it will spin off its 81% equity ownership in VMware, creating two standalone companies when the move is completed in the fourth quarter of this ...

Automation services provider UiPath Inc. today filed paperwork to offer its shares to the public for the first time, revealing stronger revenue growth and even stronger cash flow than expected. The company, which offers so-called robotic process automation automation or RPA services, didn’t say how much it plans to raise beyond a placeholder amount of ...

New Intel Corp. Chief Executive Pat Gelsinger today outlined ambitious plans he hopes will make the veteran chipmaker more competitive with rivals after losing ground for years.  Gelsinger (pictured), who joined Intel officially last month, said in a talk late today entitled “Intel Unleashed: Engineering the Future” that the company will spend $20 billion to ...

You might not see it in Amazon.com Inc.’s stock price today, down 2%, but the surprise appointment of Andy Jassy to replace founder Jeff Bezos as the tech giant’s new chief executive is getting positive reviews among investors and analysts across the globe. Jassy, currently CEO of Amazon Web Services Inc., the company’s now massive ...

COVID-19 keeps giving a perverse boost to technology’s giants as Amazon.com Inc. and Google LLC parent Alphabet Inc. today reported better-than-forecast fourth-quarter earnings thanks to strength in cloud computing and more.  The companies had a lot to live up to. Today the Dow Jones Industrial Average jumped about 476 points, or nearly 1.6%, in anticipation ...

After years of running one of Amazon.com Inc.’s highest-profile and fastest-growing operations, Amazon Web Services Inc. Chief Executive Andy Jassy was appointed today to become CEO of Amazon overall later this year. Jassy will succeed founder and CEO Jeff Bezos, who will become executive chair in the third quarter. Bezos said in an email to ...

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 ...