Sumo Logic exceeds expectations for sixth quarter in a row
Sumo Logic's share price rose more than 11 percent after the company's third-quarter results exceeded Wall Street's expectations. The numbers feed a positive outlook for the fourth quarter.
Sumo Logic offers a cloud-based platform for observability and app performance management. The firm recent... Read more
GitLab posts solid third-quarter results
GitLab posted solid results for the third quarter of this year. Revenue totalled €108 million ($113 million). DevOps professionals continue to value the company's software.
GitLab managed to book €108 million ($113 million) in sales in the third quarter of 2022, up 69 percent from the same p... Read more
Co-CEO Taylor leaves Salesforce, Benioff stands alone
Salesforce co-CEO Bret Taylor is stepping down at the end of January 2023. Marc Benioff will become the sole CEO.
The precise reason for Taylor's departure was not disclosed. Salesforce did emphasize that the executive is leaving on his own initiative. Taylor, who has been responsible for Sales... Read more
HP announces mass layoffs amid market slump
Market conditions prompted HP to significantly cut its global workforce. The organization announced a round of layoffs affecting up to 10 percent of its personnel.
The PC market is in a slump. Various manufacturers posted disappointing quarterly results. HP is feeling the pressure. The organizat... Read more
VMware posts increase in SaaS and subscription revenue
VMware posted a slight increase in revenue in its third financial quarter. Total sales ($3.2 billion) were less than analysts expected. The organization is increasingly driven by revenue from SaaS solutions and subscriptions.
VMware recently announced its third fiscal quarter results. Revenue ro... Read more
Dell reports strong third quarter due to server demand
Dell Technologies posted a sharp increase in operating income in its third fiscal quarter. High demand for server and networking equipment compensated for lower PC sales.
The organization noted an impressive operating income of €1.75 billion ($1.8 billion) in its most recent quarterly report, ... Read more
Datadog posts quarterly revenue growth of 61 percent
Datadog posted revenue of $437 million in its latest quarter, up 61 percent from the same period last year.
The revenue exceeded analyst expectations of $412 million. CEO Olivier Pomel said the sales resulted from strong product adoption and opportunities among new customers.
Datadog witness... Read more
Fortinet posts revenue growth of 30 percent
Fortinet posted a 33 percent revenue increase in the third quarter. Sales totalled €1.17 billion ($1.15 billion). Both products and services grew.
Fortinet presented revenue of €1.17 billion in the third quarterly report of 2022. In the same quarter last year, revenue was still at $887 mill... Read more
AMD sells more datacenter processors in third quarter
AMD's sales increased to €5.6 billion in the third quarter of this year. The revenue of embedded, gaming and datacenter processors rose sharply. Like Intel, AMD sold fewer processors in the PC segment.
AMD's sales grew to €5.6 billion in the third quarter of 2022, up 29 percent from the sam... Read more
‘Hackers sell access to nearly 600 corporate networks for €4 million’
The total price charged by initial access brokers (IABs) rose to €4 million in the last quarter. For that amount, buyers were able to purchase access to nearly 600 corporate networks.
Security firm KELA presented the stats in a recent research report. The researchers analyzed 110 initial acces... Read more