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 ...

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 ...