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IBM transformation struggles continue with cloud and AI revenue down 4.5% image
IBM transformation struggles continue with cloud and AI revenue down 4.5% image
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A couple of months ago at CNBC’s Transform conference, IBM CEO Arvind Krishna painted a picture of a company in the midst of a transformation. He said that he wanted to take advantage of IBM’s $34 billion 2018 Red Hat acquisition to help customers ma...



Salesforce beats growth expectations, as investors digest the Slack acquisition image
Salesforce beats growth expectations, as investors digest the Slack acquisition image
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Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The CRM giant reported top-line revenue of $5.42 billion, up 20% from the year-ago period. Salesforce also had net income...



Tesla wows on latest numbers image
Tesla wows on latest numbers image
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Tesla’s latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had already beaten Wall Street’s expectations for deliveries ea...



SAP shares fall sharply after COVID-19 cuts revenue, profit forecast at software giant image
SAP shares fall sharply after COVID-19 cuts revenue, profit forecast at software giant image
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SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its 2021 outlook down. The combined bad news spooked investors, crashing its shares by more t...