tldrdaily.news logo
Tag

Software Company

All articles tagged with #software company

business5 months ago

Figma's $1.2 Billion IPO Valuation Surpasses Expectations

Figma Inc. and its backers raised $1.2 billion through an IPO, pricing shares at $33 each, which values the company at $16.1 billion. The listing was highly oversubscribed, with demand driven by an auction-like process. Figma, known for its design and collaboration software, continues to expand its product offerings and has a significant ownership stake held by CEO Dylan Field. The IPO marks a major milestone for the company, which had considered a sale to Adobe that was ultimately canceled.

via Bloomberg|
#business#dollar12-billion-raised#figma-ipo
business-technology1 year ago

Twilio Faces Stock Decline and Revenue Forecast Concerns

Twilio Inc. projected lower-than-expected revenue for the current quarter following the departure of its longtime CEO amid pressure from activist investors. The company's shares dropped about 10% in extended trading. The new CEO highlighted the underperformance of the Segment business unit and emphasized a focus on improving core communication services. Twilio's struggles with revenue growth and investor excitement have led to job cuts and a review of its business units, with potential structural changes anticipated under the new leadership.

via Yahoo Finance|
#activist-investors#business-technology#ceo-change
business2 years ago

DocuSign's Q3 Earnings: Stock Jumps, Revenue Up, and Surpassing Estimates

DocuSign's stock initially rose 8% but later fell in extended trading after the company reported better-than-expected quarterly results and sales guidance. The software company's net income for the fiscal third quarter was $38.8 million, compared to a net loss of $29.9 million in the same period last year. Revenue increased to $700.4 million from $645.5 million. DocuSign provided fourth-quarter sales guidance of $696 million to $700 million, slightly higher than analysts' expectations. The company aims to expand beyond e-signature into intelligent agreement management.

via MarketWatch|
#business#docusign#quarterly-results
business2 years ago

MongoDB Surpasses Q3 Expectations, Provides Positive Guidance

Despite posting better-than-expected Q3 results and providing upbeat guidance, shares of data storage company MongoDB dropped in premarket trading. MongoDB reported adjusted EPS of $0.96 on revenue of $432.9 million, surpassing estimates. The company attributed its strong performance to winning new workloads from both new and existing customers. However, analysts noted that the macroeconomic environment remains tough, and growth at MongoDB's key data services unit may be impacted by a holiday season slowdown. Despite positive growth drivers, analysts cautioned that MongoDB shares, which have risen over 120% this year, are not cheap.

via Yahoo Finance|
#business#data-storage#guidance
business2 years ago

"Jacobs' Strategic Takeover: Paving the Way for His Next Move in Software Industry"

Brad Jacobs, the executive chairman of XPO and nonexecutive chairman of GXO and RXO, is leading a $1 billion investment in SilverSun Technologies, a publicly traded software company. The investment will be made through Jacobs' investment vehicle, Jacobs Private Equity (JPE), with JPE investing $900 million and other investors contributing $100 million. The existing business of SilverSun will be spun off into a stand-alone operation, while the remaining publicly traded company will serve as a platform for future acquisitions in an undisclosed industry. After the spinoff, Jacobs will become the CEO and chairman of the remaining company.

via Yahoo Finance|
#brad-jacobs#business#investment
business2 years ago

Snowflake's Strong Q3 Earnings Signal Cloud Recovery

Snowflake Inc. reported better-than-expected earnings for the fiscal third quarter, with adjusted earnings per share of 25 cents compared to analysts' estimate of 16 cents. The company's revenue also exceeded expectations, reaching $734 million. CEO Frank Slootman attributed the strong results to strong execution in a stabilizing macro environment. Analysts believe that Snowflake's positive outlook and commentary on the macro environment indicate a potential bottom in terms of normalized growth. The company expects product revenue of $716 million to $721 million for the fiscal fourth quarter.

via MarketWatch|
#business#earnings#forecast
business2 years ago

BlackBerry CEO John Chen Announces Departure and Company Split

BlackBerry CEO John Chen will be leaving the software company this week after a decade-long tenure that failed to turn the company's fortunes around. Richard Lynch will serve as chair and interim CEO while the company searches for a permanent replacement. Chen's departure comes as BlackBerry plans to split its Internet of Things business through an initial public offering, separating it from its cybersecurity software division. The new CEO will face the challenge of reviving the struggling cybersecurity business. BlackBerry's shift from smartphone hardware to software segments began in 2016, and the company exited the smartphone market altogether in 2020.

via Yahoo Finance|
#blackberry#business#ceo
business2 years ago

Veritas Private Equity Firm Offers Takeover Bid for BlackBerry

Private equity firm Veritas Capital has made a takeover offer to acquire Canadian software company BlackBerry, which has seen a 17% increase in its U.S-listed shares. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of the offer have not been disclosed, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices.

via Reuters|
#blackberry#business#software-company
business2 years ago

Veritas Private Equity Firm Offers Takeover Bid for BlackBerry

Private equity firm Veritas Capital has made a takeover offer for Canadian software company BlackBerry, causing the company's U.S-listed shares to rise by about 17%. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of Veritas' offer are currently unknown, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices. In May, the company announced the sale of these patents to Malikie Innovations Limited for up to $900 million after a previous deal fell through.

via Yahoo Finance|
#blackberry#business#software-company
business2 years ago

Veritas Capital's Takeover Offer Sends BlackBerry Shares Soaring

Private equity firm Veritas Capital has made a takeover offer for Canadian software company BlackBerry. The details of the offer are currently unknown, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry had previously announced its intention to review strategic alternatives, including the possible separation of its businesses. The company, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices.

via Yahoo Finance|
#blackberry#business#software-company
business2 years ago

AppFolio Implements Second Round of 2023 Layoffs, Reducing Workforce by 9%

AppFolio, a software company for the real estate industry, has announced its second round of layoffs this year, cutting 9% of its workforce, or 149 employees. The company's lack of profitability and increased costs have necessitated these measures to fuel long-term growth and reinvest in products, technology, and people. AppFolio had previously laid off 62 employees in May, and despite taking steps to lower costs, further reductions were deemed necessary. The company's shares closed up 1.6% on the day of the announcement.

via Pacific Coast Business Times|
#appfolio#business#layoffs
technology2 years ago

Florida terminates contract with company behind early morning emergency alert test.

Florida officials have ended the state's contract with a software company that erroneously sent an emergency alert test to cellphones in the early hours of Thursday. The alert was supposed to be a test run for television networks and wasn't intended to disturb anyone already sleeping. Governor Ron DeSantis ordered the head of the state's emergency-management agency to bring swift accountability for the mistake.

via The Wall Street Journal|
#cellphones#contract#emergency-alert
business2 years ago

Miami Heat's Arena Renamed Kaseya Center in 17-Year Deal.

The Miami Heat arena has been renamed Kaseya Center after the county commissioners entered into a 17-year deal with Miami-based software company Kaseya, which will pay $117.37 million over the period. The Heat will receive $2 million annually as part of the deal. The county owns the arena and negotiated a 19-year, $135 million naming rights deal with FTX, which went into effect in June 2021. However, the cryptocurrency exchange collapsed and filed for bankruptcy, leading to the removal of the FTX brand.

via ESPN|
#business#ftx#kaseya-center
business2 years ago

Kaseya Center: The New Name for Miami's Heat Arena.

The Miami Heat arena has been renamed Kaseya Center after the county commissioners entered into a 17-year deal with Miami-based software company Kaseya, which will pay $117.37 million over the period. The Heat will receive $2 million annually as part of the deal. The arena had been using the name Miami-Dade Arena in recent months after the FTX brand was removed following the cryptocurrency exchange's collapse and bankruptcy filing. Kaseya has also become the Heat's official IT solutions partner.

via ESPN.co.uk|
#business#ftx#kaseya-center
components-and-peripherals-news2 years ago

Intel's Chief Architect for GPUs, Raja Koduri, Leaves to Found AI Gaming Start-Up.

Raja Koduri, the chief architect behind Intel's discrete GPU efforts, is leaving the company after five years to start a software company focused on generative AI for gaming, media, and entertainment. His role as chief architect will not be filled at this time. Koduri's departure comes after he led the development of Intel's graphics capabilities and other technologies, including the Intel Arc graphics products for gaming and workstation PCs, the Intel Data Center GPU Flex Series for visual cloud applications, and the Intel Data Center GPU Max Series for high-performance computing and AI workloads.

via CRN|
#components-and-peripherals-news#generative-ai#gpu