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Cloudflare Boosts Annual Revenue and Profit Forecasts Following Strong Q2 Performance

After a solid quarter, Cloudflare NET.N increased its estimates for yearly sales and profit in postmarket trade, the companys shares rose 9%. For the

After a solid quarter, Cloudflare NET.N increased its estimates for yearly sales and profit in postmarket trade, the companys shares rose 9%. For the quarter ending June 30, the firm reported a sales increase of 30% year over year, beating analysts estimates to reach $401.0 million. Cloudflare has raised its revenue expectation 2024 from $1.657 billion to $1.659 billion. Additionally, it increased its predicted adjusted profits per share to 70–71 cents. The business predicted sales for the third quarter of between $423.0 million and $424.0 million, and its gross profit margin increased to 77.8%. Read More..

B2B Tech News | 1 years ago          

Microchip Technology Forecasts Weak Q2 Sales, Shares Drop 5%

Microchip Technology MCHP.O, a chipmaker, predicted secondquarter net sales to be lower than Wall Street projections, citing sluggish demand from the

Microchip Technology MCHP.O, a chipmaker, predicted secondquarter net sales to be lower than Wall Street projections, citing sluggish demand from the pandemics surplus inventory and slower sales of electric cars. In extended trade, shares dropped more than 5%. For the quarter ending in September, the business projects net sales of $1.12 billion to $1.18 billion, which is less than the average forecast of $1.31 billion made by analysts. CEO Ganesh Moorthy mentioned weakerthanexpected circumstances in the automotive and industrial segments as significant causes. Microchips firstquarter revenue of $1.24 billion was 46% less than a year ago, but its adjusted earnings per share of 53 cents was somewhat higher than anticipated. Read More..

B2B Tech News | 1 years ago          

Google Unveils Gemma 2 2B Compact AI Model Outperforms Larger Models in Speed and Conversational Skills

Google has announced Gemma 2 2B, a new compact and efficient opensource AI model under the Gemma 2 banner, designed for tasks like text generation, tr

Google has announced Gemma 2 2B, a new compact and efficient opensource AI model under the Gemma 2 banner, designed for tasks like text generation, translation, and question answering. Despite its smaller size of 2 billion parameters, Gemma 2 2B outperforms larger models, including ChatGPT 3.5, in speed and conversational abilities. It can run efficiently on various hardware, from edge devices to cloud platforms, and is optimized for NVIDIA GPUs. Google also introduced ShieldGemma, a set of safety classifiers to filter harmful content, and Gemma Scope, a tool using sparse autoencoders to provide insights into AI decisionmaking. All these tools and models are freely accessible on platforms like Kaggle, Hugging Face, and Google Colab. Read More..

B2B Tech News | 1 years ago          

Microsoft Confirms DDoS Attack Behind Major Outage Affecting 365 and Azure Services

Microsoft has officially acknowledged that a distributed denialofservice DDoS assault was the cause of the July 30, 2024, disruption that affected Azu

Microsoft has officially acknowledged that a distributed denialofservice DDoS assault was the cause of the July 30, 2024, disruption that affected Azure and Microsoft 365 services. From around 515 p.m. to 113 a.m., a ninehour outage affected services such as Microsoft Entra, Intune, Power BI, and Azure App Services, resulting in problems with worldwide connection. The assault caused sporadic problems and latency spikes by creating a traffic surge on the Azure Front Door AFD and Azure Content Delivery Network CDN services. The onslaught increased the impact of Microsofts first defences. Since then, the business has adjusted the network setup and redirected traffic to lessen the load but has yet to find the precise threat actor in charge. Read More..

B2B Tech News | 1 years ago          

Google Chrome Introduces Three New AI Features Lens Integration, Tab Compare, and AIPowered History

Google Lens integration, Tab Compare, and an AIpowered browser history are the three new AI capabilities launched by Google Chrome. Right from the add

Google Lens integration, Tab Compare, and an AIpowered browser history are the three new AI capabilities launched by Google Chrome. Right from the address bar, Google Lens enables users to search any area of their screen visually. Specifications, costs, and ratings are all displayed in an easytocompare table created by Tab Compare, which combines product facts from many tabs. Natural language enquiries like "What was the last ice cream shop I looked at last week?" are supported by the AIpowered browser history, which also contains information from incognito mode. These will be made accessible in the US in the upcoming weeks and are intended to improve the user experience. Read More..

B2B Tech News | 1 years ago          

Veeam Software Unveils NextGen Data Cloud for Microsoft 365 with Azure Integration

Using Microsoft 365 Backup Storage, Veeam Software has introduced the newest iteration of Veeam Data Cloud for Microsoft 365. Based on Microsoft Azure

Using Microsoft 365 Backup Storage, Veeam Software has introduced the newest iteration of Veeam Data Cloud for Microsoft 365. Based on Microsoft Azure, this backupasaservice BaaS solution improves data resilience with solid data protection and security capabilities. Veeam, a launch partner, combines the newest backup technologies from Microsoft to provide quick backup and recovery capabilities, safeguarding more than 21 million Microsoft 365 users. With the latest version, Microsofts sophisticated data resilience capabilities are combined with Veeams experience in ransomware recovery and data protection. By ensuring quick, scalable backup and disaster recovery, this partnership strengthens defences against cyberattacks. Future solutions will incorporate Azure AI and Microsoft Copilot to automate processes and streamline operations while maintaining strong data protection. Read More..

B2B Tech News | 1 years ago          

Google Introduces New Safety Features to Combat Explicit Deepfakes

Since they frequently show up in search results and make it more difficult for victims to manage their online profiles, explicit deepfakes have had a

Since they frequently show up in search results and make it more difficult for victims to manage their online profiles, explicit deepfakes have had a substantial negative influence on peoples privacy. Google is responding by launching additional security measures to combat blatant deepfakes better. To stop the recurrence of nonconsensual false material, these steps expedite its removal from Search and filter out comparable explicit results. Websites that have had several deletions due to phoney explicit images will likewise have their ranks lowered by Googles algorithms. Exposure to explicit picture results has been decreased this year by over 70% thanks to recent upgrades. Google keeps improving its features for online safety to shield users from offensive material and provide a more secure online environment. Read More..

B2B Tech News | 1 years ago          

Lam Research Projects Q3 Revenue Between $4.05B and $4.35B, Driven by AI Boom

Amidst the AI boom, Lam Research predicted sales for the September quarter to range from $4.05 billion to $4.35 billion, above Wall Streets $4.02 bill

Amidst the AI boom, Lam Research predicted sales for the September quarter to range from $4.05 billion to $4.35 billion, above Wall Streets $4.02 billion projection. The business projects an adjusted net income per share of $8, which aligns with projections. Lam Research announced sales of $3.87 billion and adjusted earnings per share of $8.14 for the quarter ended June 30, both of which were higher than expected. With 39% of revenue coming from China, down from 42% earlier, the companys revenue increased by 22% to nearly $39 billion. Suppliers such as Lam Research profit from the ongoing increase in demand for wafer manufacturing equipment due to the growing need for memory and highperformance computing semiconductors. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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