Latest Software industry News

Reined-in rate-cut expectations, Iran tensions hit S&P 500

Jul. 19, 2019 4:48 PM EDT

NEW YORK (AP) — U.S. stocks pulled further back from their records on Friday to cap the weakest week for the S&P 500 since May. Indexes sloshed between small gains and losses for much of the day before turning lower in the afternoon after Iran said it seized a British oil tanker, the latest escalation...

Microsoft cloud growth beats expectations

Jul. 18, 2019 6:55 PM EDT

Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing business that the company says now accounts for almost a third of its total revenue. CEO Satya Nadella even said in a call with investors that "our commercial cloud business is the largest...

Judge sides with Pentagon and Amazon in cloud bidding case

Jul. 12, 2019 5:56 PM EDT

A federal judge has dismissed allegations that bidding for a $10 billion cloud computing contract with the Pentagon was rigged to favor Amazon. Friday's ruling dismissing Oracle's claims clears the Defense Department to award the contract to one of two finalists: Amazon or Microsoft. It will be a boon for...

Amazon, Microsoft wage war over the Pentagon's 'war cloud'

Jul. 9, 2019 4:58 PM EDT

Amazon and Microsoft are battling it out over a $10 billion opportunity to build the U.S. military its first "war cloud" computing system. But Amazon's early hopes of a shock-and-awe victory may be slipping away. Formally called the Joint Enterprise Defense Infrastructure plan, or JEDI, the military's computing...

Already cautious businesses grow even more wary about hiring

Jul. 3, 2019 11:13 AM EDT

NEW YORK (AP) — Corri Smith is planning to hire a full-time project manager for her public relations firm and make her part-time assistant full-time. But she has a wary eye on the economy. "It's been a long time since we've had some trouble in the economy. It can't all be wonderful — something will...

Constellation Brands and JPMorgan rise while Apple falls

Jun. 28, 2019 5:12 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: CalAmp Corp., up $1.28 to $11.68 The wireless communications company said software and subscription services helped push its fiscal first quarter profit above Wall Street forecasts. Motorcar Parts of America Inc., up $2.94 to...

Asian stocks sink ahead of Trump-Xi meeting at G-20

Jun. 27, 2019 11:41 PM EDT

BEIJING (AP) — Asian stocks sank Friday as investors waited for a meeting between Presidents Donald Trump and Xi Jinping that they hope will produce a truce in spiraling U.S.-China trade tensions. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all fell. Crude prices declined. Investors are hoping for...

Utah tech center undergoes $8.6M revitalization project

Jun. 24, 2019 4:31 PM EDT

PROVO, Utah (AP) — A Utah office park that was developed for a company credited with launching the state's tech industry has undergone an $8.6 million revitalization project to target new startups. A reopening ceremony was held last week for the 14-building Canyon Park Tech Center in Orem, the Daily Herald...

France's Dassault to acquire Medidata for $5.8 billion

Jun. 12, 2019 4:50 AM EDT

French software company Dassault Systems says it will buy U.S.-based Medidata Solutions for $5.8 billion in cash. Dassault said Wednesday that it was offering of $92.25 for each share of Medidata, slightly less than its $94.75 closing price on Tuesday. Medidata shares dipped about 4% in premarket trading. New...

Salesforce buying Tableau as businesses embrace data

Jun. 10, 2019 1:26 PM EDT

SAN FRANCISCO (AP) — Salesforce, a maker of customer-management software, is buying Tableau Software in an all-stock deal valued at $15.7 billion. By scooping up Tableau, which provides easy-to-use tools for visualizing and organizing data, Salesforce is the latest big tech firm to carve itself a role in...