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Jordan Novet / CNBC:
Cisco reports Q3 revenue of $12.46B, vs. $12.43B est., up from $11.94B YoY, while its service business segment produced $3.16B, vs $3.23B est.   —  - The company's success with its latest data center switches continued in the quarter, analysts said.  —  Cisco stock fell more than 4 percent …
May 16, 2018, 4:40 PMIn context
Jordan Novet / CNBC:
Cloud-based collaboration and work management platform Smartsheet closes up 30% on its first day of trading after raising $150M in its IPO at $1.48B valuation   —  - Shares closed at $19.55 after debuting at $18.40, more than 20 percent above the price of shares it sold in its initial public offering.
Apr 27, 2018, 6:30 PMIn context
Jordan Novet / CNBC:
AWS accounted for ~11% of Amazon's Q1 revenue at $5.44B, up 49% YoY, vs. $5.26B est., with $1.4B in operating income, or 73% of Amazon's total operating income   —  Amazon's cloud business exceeded analyst estimates, with revenue climbing 49 percent in the first quarter.
Apr 26, 2018, 4:48 PMIn context
Jordan Novet / CNBC:
IBM reports Q1 revenue of $19.1B, up 5% YoY, vs $18.84B estimated, its second consecutive quarter of increasing revenue after a five-year drought   —  IBM stock fell more than 5 percent after the company reported better-than-expected earnings for the first quarter on Tuesday.
Apr 17, 2018, 4:45 PMIn context
Jordan Novet / CNBC:
Zuora, an enterprise subscription billing and analytics provider, prices its IPO on NYSE at $14/share, raising $154M and giving company a valuation of $1.44B   —  Technology company Zuora on Wednesday priced its initial public offering at $14 per share, a day before the company expects its stock …
Apr 11, 2018, 11:25 PMIn context
Jordan Novet / CNBC:
Apr 10, 2018, 11:50 PMIn context
Jordan Novet / CNBC:
Cloudera beat Q4 FY2018 estimates with revenues of $103.45M but stock is down 39%+ following weak guidance for Q1 FY2019   —  Cloudera stock fell more than 28 percent after the company posted guidance that fell below analysts' expectations.  But for the fourth quarter of Cloudera's 2018 fiscal year …
Apr 3, 2018, 9:20 PMIn context
Jordan Novet / CNBC:
Twitter appoints Parag Agrawal as new CTO, replacing Adam Messinger, who left in late 2016; his appointment was announced internally in October   —  - Twitter's COO Anthony Noto announced his plan to leave in January to become CEO of SoFi in January.  —  Twitter on Thursday updated its website …
Mar 8, 2018, 11:10 PMIn context
Jordan Novet / CNBC:
AWS in US is experiencing connectivity issues affecting services like Slack, Atlassian, Twilio and devices like Echo with Amazon's Alexa voice assistant   —  - Atlassian, Slack, Twilio and other web services are having problems that appear to be related to the cloud issue.
Mar 2, 2018, 2:27 PMIn context
Jordan Novet / CNBC:
Spotify says it eventually plans to move remaining computing and storage workloads to Google Cloud Platform, after beginning backend migration from AWS in 2016   —  - Spotify acknowledges that Google is a competitor but says it doesn't think Google will use Spotify's reliance on the Google cloud to gain competitive advantage.
Feb 28, 2018, 3:45 PMIn context

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