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 ...

In the big reveals of its annual cloud computing conference, Amazon Web Services Inc. today debuted new processors and a bunch of new machine learning services intended to make high-performance computing and machine learning easier, as well as yet more services intended to extend its cloud to corporate data centers and mobile devices. Among the ...

Amazon.com Inc. late Friday filed a protest of the Pentagon’s award of a $10 billion cloud computing contract to Microsoft Corp., citing evidence in videos that showed the process was improperly influenced by opposition from President Donald Trump. Amazon Web Services Inc. was the odds-on favorite to win the lucrative Joint Enterprise Defense Infrastructure or ...

HP Inc. today soundly rejected an unsolicited bid by copier and printer stalwart Xerox Holdings Corp. to buy the personal computer and printer maker for $33.5 billion, saying it undervalues the company. Xerox made the bid back on Nov. 5, a day after it was reported that its board discussed a cash and stock offer ...

Updated: Xerox Holdings Corp. is considering a bid to acquire HP Inc. in a deal that would combine two struggling technology veterans. That’s according to a report Tuesday night in the Wall Street Journal. According to people familiar with the matter, the Journal said, the copier and printer producer’s board discussed a cash and stock ...