The big three internet giants today revealed improved earnings despite and in some cases thanks to the COVID-19 pandemic, as advertising and cloud computing growth buoyed third-quarter results. As online ads saw a rebound, Google LLC owner Alphabet Inc. reported a profit of $11.2 billion, or $16.40 a share, up 59% from a year ago. ...

SoftBank Group Corp. is in exclusive talks with Nvidia Corp. to sell chip designer Arm Holdings Ltd. to the graphics chipmaker for more than $40 billion, according to a report this morning in the Wall Street Journal. Citing people familiar with the talks, the Journal said the cash-and-stock deal could be sealed in the low ...

Amazon Web Services Inc. remains the “commanding” leader in cloud computing over No. 2 Microsoft Corp. and No. 3 Google LLC, but Google and “niche” providers Oracle Corp. and Alibaba Group Ltd. are coming on strong. That’s according to a new report from Gartner Inc., its Magic Quadrant for Cloud Infrastructure and Platform Services report, ...

Updated: Hot off Wednesday’s congressional grilling of their chief executives on whether they’re too big, three internet giants today reported a total of almost $146 billion in second-quarter revenue even after the impacts of the coronavirus pandemic — and with Apple Inc. thrown in, the haul topped $205 billion. Amazon.com Inc. appeared to see a ...

Updated: Personal computer and server giant Dell Technologies Inc. today said it’s exploring a possible spinoff of its 81% stake in computer virtualization software firm VMware Inc. The aim of the deal, outlined in a Schedule 13D filing today with the Securities and Exchange Commission, would be to provide more value for Dell shareholders by ...

In a bid to boost its stock price, Dell Technologies Inc. is looking at potentially spinning off its $50 billion stake in VMware Inc., or alternatively buying the rest of the publicly held computer virtualization services company. That’s according to a report today in the Wall Street Journal, citing people familiar with the situation who said both ...

Networking giant Cisco Systems Inc. today announced plans to acquire San Francisco-based network intelligence startup ThousandEyes Inc. for an undisclosed amount. Under the deal, ThousandEyes’ technology will be used across Cisco’s core Enterprise Networking and Cloud services as well as its AppDynamics services. Co-founder and Chief Executive Mohit Lad (pictured) will become general manager of ThousandEyes, under Cisco’s ...

IBM Corp. is cutting jobs in the first major layoffs under new Chief Executive Officer Arvind Krishna, according to reports late Thursday by Bloomberg and the Wall Street Journal. It wasn’t clear how many jobs were being cut, though a source told the Journal that it’s several thousand, out of a massive staff of about 350,000 people. ...

Updated: With expectations for Amazon.com Inc.’s quarter in the stratosphere thanks to potential benefits from the coronavirus pandemic, the retail and cloud computing giant had a lot to live up to today. It couldn’t. Because of the high costs of trying to satisfy online commerce demands from customers sheltered at home and protect its own ...

Another big-tech leader has shown the market it can weather the coronavirus pandemic: Facebook Inc. today pleased investors with a better-than-expected first quarter despite a late slump in ad revenue. The social media giant reported a first-quarter profit of $5.9 billion, or $1.71 a share, more than double a year ago when the company had ...