Updated: Alphabet Inc. today provided a positive sign of the impact the coronavirus pandemic will have on technology giants, reporting lower profits in its first quarter but still managing to eke out better-than-expected revenue growth. The parent of search ad giant Google LLC reported a first-quarter net profit of $6.84 billion, or $9.87 cents a ...

The Department of Defense said in a court filing today that it wants to “reconsider” its disputed decision to award the $10 billion Joint Enterprise Defense Initiative contract to Microsoft Corp. over onetime front-runner Amazon Web Services Inc. In the filing with the U.S. Court of Federal Claims, the Pentagon said it was responding to ...

In a document newly unsealed Friday, Amazon.com Inc. argued that Microsoft Corp.’s winning bid for a $10 billion Pentagon cloud computer contract should have been disqualified because the software giant’s bid called for using a data storage system that didn’t meet requirements. On the basis of that argument, Amazon Web Services Inc., the retail giant’s ...

VMware Inc. beat expectations on revenue for its fiscal 2020 fourth quarter, but it wasn’t enough to avoid a disappointing profit that sent its shares south late today. The computing virtualization software company, majority owned by Dell Technologies Inc., reported a fourth-quarter profit before certain costs such as stock compensation of $868 million, or $2.05 a ...

Updated: Dell Technologies Inc. announced Tuesday it’s selling its venerable RSA Security LLC business to a consortium led by Palo Alto, California-based private-equity firm Symphony Technology Group for $2.075 billion. The consortium led by the private equity firm, also known as STG Partners LLC, includes Ontario Teachers’ Pension Plan Board and AlpInvest Partners. The deal is expected ...

The British government announced today that it will invest £1.2 billion (about $1.6 billion) over the next 10 years to build the world’s most powerful supercomputer for weather forecasting and climate modeling. Of the total £1.2 billion investment, £854 million represents the “expected contractual value for the supercomputing capability.” “Come rain or shine, our significant ...

Alphabet Inc. today for the first time revealed numbers for two of its fastest-growing units, showing Google Cloud and G Suite revenue collectively jumped 53%, to $2.61 billion, and YouTube revenue rose 31%, to $4.72 billion. But the newly revealed numbers came in a somewhat disappointing fourth-quarter earnings report. The Google LLC parent said it ...

Despite a slight slowdown in revenue growth, Amazon’s massive cloud computing company again helped buoy the entire company even in the retail-heavy fourth quarter, sending shares soaring as much as 13% in after-hours trading today. The company overall reported net income of $3.3 billion, or $6.47 a share, on a 21% rise in revenue, to ...

Amid all its privacy, regulatory and content moderation issues, Facebook Inc.’s earnings almost seem irrelevant — but not today, when the social networking giant reported results that disappointed investors. The company actually reported better-than-expected sales of $21.08 billion in its fourth quarter, up 25% from a year ago, and also beat forecasts on profit, earning $7.35 ...

Amazon Web Services Inc. Wednesday evening filed a motion to stop further work on the Pentagon’s $10 billion cloud computing project. The Joint Enterprise Defense Infrastructure or JEDI contract was awarded to Microsoft Corp. last year after a hotly contested competition. The contract, with a value of up to $10 billion over 10 years, was ...