Computer Services

Microsoft Corp. MSFT -2.68% suffered its slowest earnings growth in two years, hurt by a sharp slowdown in its cloud business, declining videogame sales and the effects of strong dollar. The company on Tuesday posted sales of $51.9 billion for its fiscal fourth-quarter, up 12% for the same period a year earlier, though below Wall Street expectations. Sales were affected by myriad other issues, including supply-chain disruptions in…

SAP SE, SAP -0.01% the German business software company, reported lower profit and cut its outlook for the full year after losing business in the wake of the war in Ukraine and the company’s withdrawal from Russia hit revenues from its software and cloud businesses. The company said Thursday that it expected its operating profit to take a 350-million-euro hit, equivalent to $356.8 million, this year as a result of lost revenue,…

International Business Machines Corp. IBM -1.28% reported 9% sales growth in second quarter results that also reflected some of the wider concerns tech investors confront as the sector kicks off its earnings season. IBM on Monday said revenue for the April through June period reached $15.5 billion after Chief Executive Arvind Krishna vowed to reinject growth into the business. As part of that plan, IBM…

Unity Software Inc. U -17.78% agreed to buy ironSource Ltd., in a $4.4 billion, all-stock deal, joining forces with the Israeli mobile-app and ad-tech company as the broader tech industry faces a slowdown in digital advertising.The transaction, announced Wednesday, combines two providers of services for videogame and other software developers. It comes amid a rout in technology stocks and a series of layoff announcements and hiring freezes in the industry tied in part…

New Oriental Education & Technology Group Inc., EDU 4.62% one of China’s largest private-tutoring companies until a regulatory crackdown almost crushed it last year, has become the country's latest live-streaming sensation.Its online English classes are gone. Instead, former tutors have gained online fame in recent weeks by selling fresh produce, fish and mutton on ByteDance Ltd.’s popular short-video platform Douyin. Under the brand Dongfangzhenxuan, translated…

Competitors accuse the software giant of abusing its position as the world’s second-largest cloud company after Amazon.com Inc. to outflank European companies. Microsoft is responding with a mixture of perks and persuasion—and in some cases struggling to make headway. After German cloud-computing company Nextcloud GmbH filed an antitrust complaint against Microsoft with the European Commission, a lawyer for the U.S. giant called Nextcloud with an offer, said its chief executive,…

One of Canada’s largest telecommunications companies, Rogers Communications Inc., RCI -1.02% reported Friday outages across its nationwide network, affecting millions of its wireless phone and home internet customers, and hampering electronic-banking transactions. As of late Friday afternoon, Toronto-based Rogers said it was making progress in resolving the outage, which some customers reported started as early as 4 a.m. ET on Friday…

WASHINGTON—Calls for an investigation into the security risks posed by the video app TikTok are widening, adding to pressure on President Biden to make good on his year-old promise to get tough on apps that could share Americans’ personal data with foreign adversaries.The Democratic chairman of the Senate Intelligence Committee and the panel’s top Republican sent a joint letter to the Federal Trade Commission this week urging an investigation of TikTok’s data-handling and other practices. TikTok’s parent, ByteDance Ltd.,…

The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now as the economy enters another tumultuous phase, Amazon.com Microsoft and Google appear poised to extend their strength.The three companies accounted for 65% of the $53 billion in global cloud-service spending in the first quarter of the year, according to Synergy Research Group, up from 52% of global sales four years ago. And their control of the crucial, rapidly growing market is expected to continue as their size makes them…

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