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 ...

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 ...