As expected, Broadcom Inc. today said it will acquire computer virtualization and cloud services giant VMware Inc. in a $61 billion deal that would be one of the largest technology mergers ever. Broadcom will pay $138.23 per share for VMware in the cash-and-stock deal, more than 40% above VMware’s stock price before reports of the deal. ...

Yet another strong showing in cloud computing failed to prevent Amazon.com Inc. from reporting a surprise loss, and a disappointing forecast for the next quarter sent its shares down hard in extended trading today. The retail and cloud giant reported its first-quarter net loss of $3.8 billion, or $7.56 a share, reversing an $8.1 billion ...

It couldn’t get much worse for Meta Platforms Inc. than when it lost $230 billion in market value in February after reporting its first-ever drop in daily users, and today the Facebook parent actually managed to show surprising improvement, sending its stock soaring in late trading. Meta, which rebranded itself in October in the hope ...

A slowdown in spending on advertising amid the Russian war on Ukraine and an uncertain economy took a toll on Google parent Alphabet Inc. today as it reported first-quarter results that disappointed investors. The one highlight for the quarter was Google Cloud, Alphabet’s cloud computing unit. It saw strong growth as revenue jumped 44%, to ...

Cisco Systems Inc. has reportedly made a takeover offer for Splunk Inc. worth more than $20 billion. The Wall Street Journal reported late Friday, however, that the companies “aren’t currently in active talks,” according to “people familiar with the matter.” Bloomberg characterized the talks as having broken down. The offer tops, though not by much, ...

Amazon.com Inc. beat back investor worries about higher costs and slowing growth today, as its shares soared on better-than-expected fourth-quarter profits thanks to surging cloud and advertising revenue. The retail and cloud computing giant reported fourth-quarter operating profit fell by nearly half from a year ago, to $3.5 billion, though net income nearly doubled to ...

Alphabet Inc. easily beat forecasts for fourth-quarter profit and revenue thanks to strong advertising and cloud computing sales, sending its shares up almost 9% in extended trading. The Google LLC parent reported a fourth-quarter profit of $20.4 billion, or $30.69 a share, up 36% from a year ago. Revenue rose 32%, to $75.3 billion. Net ...

As it spends big on hiring and expanding its supply chain ahead of the holiday season, Amazon.com Inc. today reported lower-than-expected third-quarter profit and revenue — and not even better-than-expected results from its Amazon Web Services Inc. cloud unit could make up for the shortfall. The company reported profit plunged by 49% from a year ...

Updated: A continued surge in advertising and Google Cloud again boosted Alphabet Inc. as the tech giant reported better-than-expected third-quarter revenue and profit today, but its shares sagged on slight misses in cloud and YouTube forecasts. The Google LLC parent reported a quarterly profit of $18.9 billion, or $27.99 a share, up 68% from a ...

Updated: Facebook Inc. initially shrugged off unprecedented challenges and criticism today despite reporting slower-than-expected revenue growth with profit that topped analysts’ estimate. Facebook also announced plans to break off its Facebook Reality Labs unit into a separately reporting unit, and said heavy investment in that segment will reduce 2021 operating profit by a hefty $10 ...