CEO Dev Ittycheria said enterprises and startups are choosing MongoDB as their platform of choice for both modernizing existing and building new applications.
Lumen Tech said it was partnering with Google Cloud to deliver “advanced cloud and network solutions that meet the rising demands of enterprise customers.”
Verint noted that ASC 606, a set of accounting rules governing how a company recognizes revenue from customer contracts, impacted its top- and bottom-line results.
At the Investor Day held in mid-January, the company said it has transitioned to a subscription model, with 80% of the revenue for the year coming from subscription offerings.
Pure Storage shares rise due to expansion of AI solutions with GenAI Pod, a full-stack, turnkey solution that reduces deployment time and complexity. FlashBlade//S500 also certified with NVIDIA DGX SuperPOD, offering validated designs for turnkey use cases.
Oppenheimer analyst initiates coverage on Pure Storage with Outperform rating and $70 price target, citing potential growth in demand for unstructured data and the company's strong position in the data storage market.
Lumen partners with Meta to boost network capacity and AI ambitions. The Lumen partnership offers Meta with increased flexibility through secure on-demand bandwidth to support its complex computing needs.
Michael Dell, the CEO of Dell Technologies, is poised to sell 10 million shares for about $1.3 billion, potentially marking his largest annual sell-off ever, exceeding his previous record during the 1999 internet bubble.
DigitalOcean Holdings Inc (NYSE: DOCN) reported strong Q1 results with revenue of $184.73M, 12% Y/Y growth, and adjusted EPS of $0.43. Outlook is positive with expected growth in revenue and EPS. Stock up 5.89% premarket.
