United Parcel Service (UPS), an American shipping giant, will cut about 12,000 jobs around the world over the coming months amid a continued decline in revenue, Director of Financial and Strategy Communications at UPS Brian Hughes said on Tuesday.
Network application delivery and security specialist F5 Networks (NASDAQ:FFIV) beat analysts' expectations in Q1 FY2024, with revenue down 1.1% year on year to $692.6 million. Guidance for next quarter's revenue was also better than expected at $685 million at the midpoint, 1.7% above analysts' estimates. It made a non-GAAP profit of $3.43 per share, improving from its profit of $2.47 per share in the same quarter last year.