SAP’s cloud revenue jumps 20% as European software giant ramps up rivalry with Salesforce

The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. Ralph Orlowski | Reuters German software giant SAP on Thursday posted a jump in revenue at its fast-growing cloud unit, which helped boost the company’s earnings performance in the third quarter. SAP’s third-quarter cloud revenue totalled roughly … Read more

Amazon cloud storage challenger Backblaze files to go public

DeMarcus Cousins #15 of the LA Clippers talks to Assistant Coach, Roy Rogers of the LA Clippers before the game during Game 6 of the Western Conference Finals of the 2021 NBA Playoffs on June 30, 2021, at STAPLES Center in Los Angeles. Adam Pantozzi | National Basketball Association | Getty Images Backblaze, a company … Read more

European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

A customer uses a SumUp payment card reader in Lisbon, Portugal, on Sept. 13, 2019. Angel Garcia | Bloomberg via Getty Images LONDON — SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square. The company said … Read more

Facebook’s outage has people rethinking how they make money online

Lakinya Francis is building a LinkedIn account, Haley Sanchez is expanding her email list and Michael Elefante plans to build out his website. “We get so fixated on what’s working and that’s fine but we need to have a backup plan, especially when we’re relying so much on technology,” said Francis, who runs a consulting … Read more

Rivian, electric vehicle maker backed by Amazon and Ford, files to go public

Amazon’s new delivery van Amazon Rivian Automotive, a company developing electric vehicles, including commercial delivery vans for Amazon, filed for an initial public offering on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN.” Its paperwork shows a $994 million net loss on zero revenue in the first six months … Read more

Amplitude’s direct listing is at least sixth this year as the IPO alternative gains traction in tech

Amplitude CEO, Spenser Skates, in Times Square after ringing the opening bell at NASDAQ headquarters on Tuesday, Sept. 28, 2021 in New York. Andrew Kelly | AP As vocal as Benchmark’s Bill Gurley has been about his preference for direct listings over IPOs, his venture firm has had limited success in getting its own portfolio … Read more

Microsoft makes top lawyer Brad Smith its vice chair

Brad Smith, President, Microsoft, on SaaS Monster stage during the opening day of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images Microsoft said Tuesday its board approved the appointment of its president, Brad Smith, to the position of vice chair. The move comes months after Satya … Read more

Salesforce offers to relocate employees and their families after Texas abortion law goes into effect

Marc Benioff, Chairman and CEO of speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC Salesforce told thousands of employees in a Slack message on Friday that if they and their families are concerned about the ability to access reproductive care in the wake of Texas’ aggressive … Read more

Microsoft indefinitely postpones return to U.S. offices as Covid cases surge

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies and the artificial intelligence features within those services. Photographer: Grant Hindsley/Bloomberg … Read more

Zoom shares slide 10% on slowing growth

Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares fell 12% in extended trading on Monday after the video-calling software maker reported fiscal second-quarter earnings that beat analysts’ expectations but showed slowing growth versus the previous quarter. Here’s how … Read more