Page 880 – SiliconANGLE

Infra

Sluggish chip sales curtail Samsung’s profits, worrying investors

By Mike Wheatley Oct 30, 2024

Samsung Electronics Co. Ltd.’s third-quarter profit jumped by 73% from a year earlier, but although that number sounds good, it wasn’t nearly enough to satisfy investors. That’s because the pace of acceleration was significantly…

Apps

Meta’s stock heads south on slow user growth and ongoing infrastructure investments

By Mike Wheatley Oct 30, 2024

Shares of Facebook parent company Meta Platforms Inc. were heading lower in late trading today after the company reported lower-than-expected user numbers and revealed plans to ratchet up its data infrastructure spending in fiscal…

Cloud

Microsoft’s AI bet pays off as Azure revenue grows, but stock falls on infrastructure supplier delays

By Mike Wheatley Oct 30, 2024

Microsoft Corp. delivered a solid fiscal first quarter earnings beat today, but its stock was moving lower after its guidance revealed slower-than-expected growth over the next quarter. The company reported earnings before certain costs…

Cloud

Twilio shares surge over 10% on strong earnings and raised forecast

By Duncan Riley Oct 30, 2024

Shares in Twilio Inc. were up over 10% in late trading today after the communications tools provider reported better-than-expected earnings and revenue in its fiscal 2024 third quarter and revised its forecast upward for…

Big Data

Data streaming leader Confluent posts strong earnings, boosts year-end forecast

By Duncan Riley Oct 30, 2024

Shares in Confluent Inc. jumped nearly 15% in late trading today after the data streaming software provider impressed investors with revenue and earnings beats in its fiscal third quarter and raised its outlook for the…

Infra

Extreme Networks shares soar on lower-than-expected sales decline

By Maria Deutscher Oct 30, 2024

Shares of Extreme Networks Inc. closed about 12% higher today after the company posted better-than-expected revenue and earnings for its fiscal first quarter. San Jose, California-based Extreme Networks makes switches, office Wi-Fi equipment and…

Blockchain

Coinbase and Robinhood miss earnings estimates and shares drop

By Duncan Riley Oct 30, 2024

Shares in Coinbase Global Inc. and Robinhood Markets Inc. both fell in after-hours trading today after they each fell short of expectations in their most recent quarter. For its third quarter, which ended on…

Policy

The impact of process mining in criminal justice and mental health

By Victor Dabrinze Oct 30, 2024

At the intersection of academia and technology, a breakthrough is being made in juvenile justice and mental health. Academicians from William and Mary are working on a transformative project that applies process mining to understand…

Cloud

Dropbox to let go 20% of its workforce amid growth push

By Maria Deutscher Oct 30, 2024

Dropbox Inc. is letting go 528 employees, or 20% of its workforce, in a bid to advance its revenue growth initiatives. Chief Executive Officer Drew Houston disclosed the move in a blog post published…

AI

Everest Group on intelligent process automation evolution from RPA to agentic AI

By Ryan Stevens Oct 30, 2024

As automation technology advances, a new wave of agentic AI is reshaping the landscape. Discussions are increasingly focused on whether to build intelligent automation on top of robotic process automation (RPA) or approach intelligent process…

explore news

Sluggish chip sales curtail Samsung’s profits, worrying investors

Meta’s stock heads south on slow user growth and ongoing infrastructure investments

Twilio shares surge over 10% on strong earnings and raised forecast

Data streaming leader Confluent posts strong earnings, boosts year-end forecast

Extreme Networks shares soar on lower-than-expected sales decline

Coinbase and Robinhood miss earnings estimates and shares drop

The impact of process mining in criminal justice and mental health

Everest Group on intelligent process automation evolution from RPA to agentic AI

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