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  • FRANKFURT/ CAPE TOWN, July 25- Software AG is launching an internal investigation after a media report alleged it had paid kickbacks as part of a wide-ranging South African scandal in which fellow German software maker SAP has also been caught up. "Software AG is not aware of any non-compliant business practices in its South Africa operations," a company...

  • FRANKFURT, July 25- Software AG said on Tuesday it is mounting an internal probe after a media report alleged it had paid kickbacks as part of a wide-ranging South Africa government bribery scheme that has also ensnared fellow German software maker SAP. Software AG is not aware of any non-compliant business practices in its South Africa operations, "a company...

  • NEW YORK, July 21- Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Demand for bitcoin has grown in eight years to a market capitalization of more than $40 billion. After hitting record high near $3,000,...

  • General Electric slumped after the company issued a weak forecast. European stocks fell and European government bond prices rose after a report said the European Central Bank will make a decision about reducing its economic stimulus in October. POWER DOWN: General Electric tumbled after the company disappointed investors by saying it expects to reach only...

  • SAN FRANCISCO, July 20- Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove. Most notably, revenue from the cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43...

  • SAN FRANCISCO, July 20- Microsoft Corp reported better-than-expected quarterly profit and revenue on Thursday, helped by strong performance in its fast-growing cloud business. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended...

  • Shares of the world's largest software company rose as much as 1.5 percent in after-hours trading, after touching a record high of $74.30 during the regular session. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended June 30.

  • They had touched a record high of $74.30 in regular trading. Microsoft has sharpened its focus on the fast-growing cloud computing unit as part of Chief Executive Satya Nadella's "mobile first, cloud first" strategy to offset weakness in the PC market. The company's net income more than doubled to $6.51 billion, or 83 cents per share, in the quarter ended June 30...

  • SAN FRANCISCO— Microsoft's cloud computing business helped boost its fourth-quarter revenue and earnings above Wall Street's expectations, further validating a strategy pushed by CEO Satya Nadella since he took over in 2014.. Microsoft reported that is cloud business revenue, which includes its signature Azure platform, grew 11 percent year-over-year...

  • WALLDORF, Germany _ SAP SE on Thursday reported second-quarter net income of $734.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. Five analysts surveyed by Zacks expected $6.17 billion.

  • *Q2 revenue up 10.4 pct to 5.78 bln euros. *Core operating profit up 3 pct to 1.57 bln euros. FRANKFURT, July 20- Newer cloud services powered a rise in second-quarter revenue at Germany's SAP but higher costs curbed profit growth, results from Europe's most valuable technology firm showed on Thursday.

  • FRANKFURT, July 20- SAP, Europe's most valuable technology firm, posted rapid growth in its cloud services business in both revenue as well as expenses, putting a damper on its quarterly operating profit, which came in slightly below expectations. The German company reported revenue for the second quarter rose 10.4 percent to 5.78 billion euros from a year ago,...

  • FRANKFURT, July 20- SAP, Europe's most valuable technology firm, posted rapid growth in internet-delivered cloud services, dampening near-term operating profit, which was slightly below forecasts the company blamed on higher cloud research and marketing costs. The German company reported revenue for the second quarter rose 10.4 percent to 5.78 billion...

  • NEEDHAM, Mass. _ PTC Inc. on Wednesday reported a fiscal third-quarter loss of $951,000, after reporting a profit in the same period a year earlier. For the current quarter ending in September, PTC Inc. expects its per-share earnings to range from 33 cents to 38 cents. PTC Inc. expects full-year results to range from a loss of 1 cent per share to earnings of 4 cents per...

  • Robot and human connection

    Discretionary strategies generated 5.99% returns while computer strategies gained 3.17 percent in the first half of this year.

  • Amazon.com has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement.

  • SAN FRANCISCO, July 18- Amazon.com Inc has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement, according to an updated version of the Amazon Web Services customer agreement released on Thursday. It faces growing competition from others including Alphabet Inc's...

  • NEW YORK _ Medidata Solutions Inc. on Tuesday reported second-quarter profit of $8.3 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Five analysts surveyed by Zacks expected $134.5 million.

  • FRANKFURT, July 14- Germany's SAP named a new executive team in South Africa on Friday, two days after the software giant put four senior managers on leave, pending its investigations into allegations that it was involved in a government bribery scheme. SAP said 25- year company veteran Claas Kuehnemann will step into the role of acting managing director for...

  • BRUSSELS, July 17- U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday. Qualcomm, which was charged by the European Commission for using anti-competitive methods to squeeze out British phone...