All articles by Swagath Bandhakavi
Swagath Bandhakavi
Oracle projects significant growth amid AI cloud expansion
Although Oracle’s fiscal third-quarter sales fell short of expectations, executives remain optimistic about future AI-driven growth, as evidenced by a 3.5% increase in the company’s shares during after-hours trading.
Texas software developer found guilty of sabotaging corporate network
The developer responded to a 2018 corporate restructuring that reduced his job responsibilities and system access by introducing harmful code intended to destabilise the company’s computer systems.
HPE announces workforce reduction following disappointing quarterly results
The US-based edge-to-cloud company is launching a cost-cutting initiative to reduce its operating expenses.
Broadcom shares jump as AI chip demand fuels strong earnings outlook
The US-based semiconductor manufacturer reported first-quarter revenue of $14.92bn, surpassing analyst estimates of $14.61bn and its own December 2024 forecast of $14.6bn.
Oracle Federal EHR outage disrupts US government healthcare systems
The system failure disrupted healthcare facilities across the VA, US Coast Guard, Department of Defense, and National Oceanic and Atmospheric Administration, restricting access to patient records and essential medical tools.
Silk Typhoon expands cyber attacks to IT supply chains, leveraging cloud vulnerabilities
Microsoft’s latest research reveals that the group has breached organisations by exploiting remote management software and cloud applications.
Atos reports revenue decline amid contract terminations and market challenges
The company reported a 5.4% decline in revenue to €9.57bn for 2024, falling short of its September forecast of €9.7bn.
Apple challenges UK order to provide access to encrypted cloud data
The dispute arose from a UK Home Office order in January requiring Apple to provide authorities access to encrypted iCloud backups for national security or serious crime cases.
President Trump proposes repealing CHIPS Act to reduce national debt
The CHIPS Act, enacted in August 2022 during the Biden administration, allocated $39bn in direct subsidies for semiconductor manufacturing and included $75bn in government-backed loans.
US DHS dismisses claims of CISA ending Russian cyber threat monitoring
The federal executive department asserts that CISA continues its mission to safeguard US critical infrastructure against all cyber threats, including those originating from Russia.