Robert Hof
Latest from Robert Hof
Predicting an earnings upside, VMware plans a $1B debt offering to buy back more stock
Shares of VMware Inc. shot up more than 6 percent today as the maker of computer virtualization software announced it expects to report better-than-forecast earnings next week. The company, part of the Dell Technologies family of enterprise software and hardware, said it expects second-quarter revenue, to be reported Aug. 24, to come in between $1.894 ...
With Hulu and FICO as new customers, Amazon aims to keep its cloud flying high
Aiming to cement its big lead in cloud computing, Amazon.com Inc. today said it has bagged two prominent large customers, video streaming service Hulu LLC and the credit analysis firm FICO, to use its cloud service. Amazon Web Services Inc., the leader in the base level of cloud computing and storage services, also announced a ...
Oracle brings database machine power to its next-generation cloud
In a continuing effort to beef up its cloud computing platform, Oracle Corp. today announced that it’s making the power of its Exadata database hardware and cloud service available on its next-generation cloud computing platform. The Exadata Database Machine combines computing and storage into a system made for Oracle Database software. The machine was launched ...
Nvidia beats earnings forecasts again, but investors wanted more
Artificial intelligence and cryptocurrency processing helped drive a ninth straight quarter of better-than-expected results for Nvidia Corp., but it wasn’t quite good enough to satisfy investors accustomed to the graphics chip maker’s frequent earnings outperformances. The company, whose graphics processing unit chips are widely used to power gaming personal computers, data-crunching servers and new applications ...
Big Uber investor Benchmark sues former CEO Travis Kalanick for fraud
Updated Friday In a blockbuster lawsuit, Uber Technologies Inc. investor Benchmark Capital today sued embattled former Chief Executive Travis Kalanick for fraud and breach of contract and fiduciary duty in an effort to remove him from the board. The 38-page complaint, filed today in Delaware Chancery Court, was first reported by Axios. It’s a surprising move ...
Amazon Web Services joins Cloud Native Computing Foundation for a voice on open source
Throwing its support behind open-source projects in the dawning era of cloud computing, Amazon Web Services Inc. today joined the Cloud Native Computing Foundation as a top-tier “platinum” member. The move by Amazon.com Inc.’s cloud computing unit changes the landscape in the burgeoning market for a new class of software applications that run in the ...
Twilio earnings bounce back from big decline in Uber revenue
Twilio Inc. today announced a recovery from the impact of lower orders from Uber Technologies Inc. that slammed the cloud communications company a few months ago. The San Francisco-based company reported second-quarter earnings today that came in higher than expected, lifting the shares by about 11 percent in after-hours trading today. Twilio, whose service allows software developers such as ...
Big-data firm Hortonworks’ shares jump 18% on accelerating revenue growth
Big-data company Hortonworks Inc. today continued a turnaround from a rough patch last year, reporting second-quarter revenues that set a new record and topped analysts’ forecasts. The Santa Clara, California-based company, whose software helps companies manage and analyze large amounts of data, also said it’s on track to meet a goal of reaching break-even on ...
As services boost Apple earnings, investors look for a big lift from new iPhones
In a quarter that’s about as meaningless as any quarter can be for the world’s most valuable tech company, Apple Inc. today still managed to beat earnings forecasts thanks partly to record revenue from services such as Apple Music and mobile apps. Perhaps more important, the iPhone maker also signaled that sales of its new ...
As its cloud growth eases, Amazon suffers a big miss on profit
This time, the cloud didn’t save the day for Amazon.com Inc. Thanks to big spending on fulfilling e-commerce orders and on technology and original shows for its video operation, the tech giant saw its second-quarter profit plunge 77 percent, to $197 million or 40 cents a share. Revenue of $38 billion, up 25 percent, beat ...