Month: April 2019

FireEye revenue, billings forecasts disappoint, shares fall

This post was originally published on this site(Reuters) – Cyber security company FireEye Inc on Tuesday forecast second-quarter revenue and billings largely below Wall Street expectations as it expects to close fewer large deals than it did a year ago, sending its shares down 5 percent in after-hours trading. FILE PHOTO: The FireEye logo is …

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Facebook overhauls design as it pivots to private messaging

This post was originally published on this siteSAN JOSE, Calif. (Reuters) – Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past scandals while tapping new revenue sources. Facebook CEO Mark Zuckerberg …

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Akamai beats, raises forecast on cybersecurity, content delivery demand

This post was originally published on this site(Reuters) – Akamai Technologies Inc beat analysts’ estimates for first-quarter revenue and profit on Tuesday, and raised its forecast for the full-year, as it sees more demand for its cybersecurity services and traditional business of helping speed up content delivery on the web. The company is benefiting as …

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Apple optimistic as iPhone price cuts help in China, watches pull in new buyers

This post was originally published on this site(Reuters) – Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple’s price cuts there are helping limit sales declines. FILE PHOTO: A 3D printed Apple logo is seen in front of …

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Huawei partners with local retailers to sell flagship smartphones in Brazil

This post was originally published on this siteSAO PAULO (Reuters) – China’s Huawei Technologies Co Ltd on Tuesday launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America. FILE PHOTO: An employee stands next to the logo of Huawei in Shenzhen, …

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Former Google executives Eric Schmidt, Diane Greene to leave board

This post was originally published on this site(Reuters) – Google parent company Alphabet Inc said on Tuesday former Chairman and Chief Executive Eric Schmidt and former Google Cloud CEO Diane Greene will step down from the search company’s board in June. FILE PHOTO: Eric Schmidt, Technical Advisor, Alphabet Inc. speaks at the 2019 Milken Institute …

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Japan's SoftBank invests $1 billion in delivery app Rappi

This post was originally published on this siteSAO PAULO (Reuters) – Japan’s SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports. FILE PHOTO: The logo of SoftBank Group Corp is displayed …

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FireEye results hit Wall Street's mark, current quarter forecast to fall short

This post was originally published on this site(Reuters) – FireEye Inc on Tuesday posted first-quarter revenue and billings better than Wall Street expectations, but forecast revenue and profit for the current quarter below analysts’ estimates. FILE PHOTO: The FireEye logo is seen outside the company’s offices in Milpitas, California, December 29, 2014. REUTERS/Beck Diefenbach The …

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Apple optimistic on sales as iPhone price cuts help in China

This post was originally published on this site(Reuters) – Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple’s price cuts there are helping limit sales declines. FILE PHOTO: A 3D printed Apple logo is seen in front of …

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