Tag: technology
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Microsoft posts 47% profit increase year over year… stock falls 2% after hours
The Redmond, Wash.-based company reported financial fourth-quarter sales of $46.2 billion after the bell Tuesday, up around 21% from the year-prior period. It generated a $16.5 billion profit for the period ended June 30, an increase of 47% year-over-year, exceeding Wall Street expectations. Analysts expected $44.1 billion in sales at a profit of $14.6 billion.…
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IBM sees biggest revenue gain in three years
The top-line increase of 3.4%, IBM’s biggest gain in three years, comes as the company is undergoing extensive changes, including the planned spinoff of some of its legacy IT activities that remain a multibillion-dollar business. Revenue in the second quarter rose to $18.75 billion driven by its cloud, software and services businesses. The company reported…
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Chasing The Yield Podcast – July 19, 2021
Markets are taking a dive, J&J has more problems, Microsoft blames Israeli group, OPEC reaches compromise, hotels eliminating housekeeping, and much more!
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Microsoft puts the blame on Israeli group for selling hacking tool
Microsoft is making the claim that an Israeli group sold a tool that was capable of cracking into the Windows operating system. An Israeli group sold a tool to hack into Microsoft Windows, Microsoft and technology human rights group Citizen Lab said on Thursday, shedding light on the growing business of finding and selling tools…
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Pentagon cancels JEDI contract with Microsoft
I don’t know what to make of this news yet. Certainly disappointing for Microsoft. Pentagon officials on Tuesday canceled the JEDI cloud-computing project—which has been mired in litigation from Amazon.com Inc. and criticism from lawmakers—and said it would start anew with a revised cloud project. “The Department [of Defense] has determined that, due to evolving requirements, increased cloud…
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The Yield – Week ending July 2, 2021
Cars selling above sticker price, Microsoft strikes a deal with AT&T, a good jobs report, investors may be overly optimistic, and more!