Microsoft is a leading global technology company known for its software products, services, and hardware devices. The company is best recognized for its Windows operating systems and the Microsoft Office suite, which facilitates productivity and collaboration for users worldwide. In addition to software, Microsoft also offers cloud computing services through its Azure platform, enabling businesses to leverage scalable and flexible computing resources. The company is actively involved in various sectors, including gaming with its Xbox platform, artificial intelligence, and cybersecurity, continually innovating and expanding its product offerings to meet the diverse needs of consumers and enterprises. Read More
Shares of restaurant software company (NYSE:OLO)
jumped 13.5% in the afternoon session after it entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at approximately $2 billion.
Shares of cloud monitoring software company Datadog (NASDAQ:DDOG) jumped 14.2% in the afternoon session after reports the company will be added to the S&P 500 index.
Microsoft Corp (NASDAQ: MSFT) is leasing 4.5 gigawatts of computing power from Oracle Corp (NYSE: ORCL) under its Stargate initiative, with OpenAI as a potential customer.
CNBC commentator, Jim Cramer pointed out that three tech behemoths, Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Meta (NASDAQ: META), have closed the first half of the year at record highs, surpassing their 'Magnificent Seven' counterparts.
Amdocs delivered quarterly results that met Wall Street’s revenue expectations and modestly surpassed profit forecasts, prompting a positive market reaction. Management highlighted ongoing efficiency gains and robust execution in its managed services segment, which now contributes two-thirds of total revenue. CEO Shuky Sheffer credited strengthened relationships with key clients such as AT&T and new business from Consumer Cellular for helping offset a year-over-year revenue decline. Sheffer noted, “We are working with Microsoft to migrate Amdocs and non-Amdocs applications to the Microsoft Azure platform for a leading Tier 1 European operator,” emphasizing cloud migration as a central business driver.
