Salesforce.com Inc. gave a first-quarter revenue forecast that fell short of analysts’ projections, hampered by rising competition from rival business-software makers with their own cloud products. Revenue in the period ending in April will be $2.34 billion to $2.35 billion, the San Francisco-based company said Tuesday in a statement.
Category: Oracle Corporation
HP Enterprise’s Struggles Might Have a Lot to Do With Microsoft
Weak demand from an unnamed “tier-1 service provider” is hurting HPE’s server sales and portends some troubling developments. Microsoft’s cloud unit is the most likely culprit.
Apple, Microsoft Biggest Winners if Trump Grants $500 Billion Tax Holiday
Donald Trump’s presidency could result in a more than $500 billion windfall for Fortune 500 companies should he get his way on tax reform. Fortune 500 companies could reap a more than $500 billion windfall if President Donald Trump gets his way on tax reform.
SoftBank Fund Said to Draw Up to $15 Billion From Mubadala
Abu Dhabi’s Mubadala Development Co. is considering committing $10 billion to $15 billion to partner with SoftBank Group Corp. and Saudi Arabia’s Public Investment Fund in a new vehicle to invest in global technology, according to people familiar with the matter.
Apple to Invest $1 Billion in SoftBank Fund to Support Tech
Apple Inc. is planning to invest $1 billion in SoftBank Group Corp.’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc. also said it will participate in the fund, but the terms and the amount of its investment are still under discussion.