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Security

Israeli AI-powered security engineering startup CardinalOps raises $17.5M

By Duncan Riley Mar 3, 2022

Israeli artificial intelligence-powered security engineering startup CardinalOps Ltd. revealed today that it has raised $17.5 million in new funding to fuel global expansion in go-to-market and product innovation activities. Viola Ventures led the Series A…

Security

Shares of identity and access management firm Okta drop on weak outlook

By Duncan Riley Mar 2, 2022

Shares Okta Inc. dropped in late trading after the identity and access management company reported an outlook under analysts’ expectations in its latest earnings report. For the quarter ended Jan. 31, Okta reported a…

Cloud

Zuora narrowly beats earnings expectations

By Duncan Riley Mar 2, 2022

Shares of cloud subscription services company Zuora Inc. rose slightly in late trading today, in line with quarterly earnings that narrowly beat analyst expectations. Zuora also announced today that it had received a $400 million…

Cloud

Shares in business planning software company Anaplan rise on strong earnings

By Duncan Riley Mar 2, 2022

Shares in Anaplan Inc. rose in late trading today after the business planning software company reported better-than-expected earnings. For the quarter ended Jan. 31, Anaplan reported a loss before certain costs of $10.6 million,…

Emerging Tech

Amazon announces it’s closing 68 brick-and-mortar stores in US and UK

By James Farrell Mar 2, 2022

Amazon.com Inc. said today that it’s streamlining its physical stores, closing 68 Amazon Books, 4-Star and Pop Up stores in the U.S. and the U.K. That will lead to a large number of employees…

AI

C3 AI shares drop despite better-than-expected quarterly earnings

By Duncan Riley Mar 2, 2022

Shares in C3ai Inc. dropped slightly in late trading today despite the artificial intelligence software provider reporting better-than-expected earnings results. For the quarter ended Jan. 31, C3 AI reported a loss before costs such as stock…

Infra

Data center infrastructure firms Nutanix and Pure Storage deliver strong earnings

By Mike Wheatley Mar 2, 2022

Data center infrastructure firms Nutanix Inc. and Pure Storage Inc. both delivered strong earnings results today, beating Wall Street’s expectations and gaining in after-hours trading. Nutanix reported a net loss for the second quarter…

Cloud

Snowflake shares clobbered on weak sales guidance

By Paul Gillin Mar 2, 2022

Shares of cloud data warehousing company Snowflake Inc. were hammered in after-hours trading after the company reported revenue and profit for the fourth quarter that beat analysts’ estimates but issued guidance that pointed to a…

Big Data

Splunk hires Gary Steele from Proofpoint as its new CEO

By Mike Wheatley Mar 2, 2022

Big data software company Splunk Inc. unveiled its new chief executive officer today, about three months after its longtime leader Doug Merritt stepped down from the company. Splunk, which makes software that’s used by…

Cloud

Box beats estimates as its revenue growth accelerates

By Mike Wheatley Mar 2, 2022

Box Inc. posted fourth-quarter earnings and revenue today that beat Wall Street’s expectations and followed up with strong guidance for the next quarter, sending its stock higher in extended trading. The cloud content management…

explore news

Israeli AI-powered security engineering startup CardinalOps raises $17.5M

Shares of identity and access management firm Okta drop on weak outlook

Amazon announces it’s closing 68 brick-and-mortar stores in US and UK

Data center infrastructure firms Nutanix and Pure Storage deliver strong earnings

Splunk hires Gary Steele from Proofpoint as its new CEO

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