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2021 Is Shaping Up to Be a Strong Year for Software M&A

2021 Is Shaping Up to Be a Strong Year for Software M&A It s easy to see both large software companies and PE firms targeting at least a few moderately-valued software firms next year. Dec 15, 2020 | 06:47 AM EST Though it s easy to forget while staring at the multiples that companies such as Zoom, Datadog and Palantir trade at, there are still a lot of publicly-traded software firms out there sporting moderate valuations. And for a few different reasons, it s easy to imagine a few or more of these companies getting acquired in the near future. First, the large run-ups that so many high-growth software firms have seen this year give them a greater incentive to use their stock as currency. The Salesforce-Slack deal could be a sign of things to come in this respect.

Broadcom Stock Slips Even as Chip Maker Beats Earnings Estimates

Broadcom BCM6358KFBG network controller Remusrigo/Dreamstime.com Chip maker and software infrastructure supplier Broadcom shares slipped after the company warned of weak demand for the products it sells to enterprise customers, and reshuffled its executive team. Shares of Broadcom (ticker: AVGO) fell 1.9% in the extended session, despite beating consensus estimates, and projecting better-than-expected fiscal first-quarter earnings. Broadcom reported fiscal fourth-quarter net income of $1.32 billion, which amounts to $2.93 a share, compared with a net profit of $847 million, or $1.97 a share a year ago. Adjusted for items such as stock-based compensation, non-GAAP earnings were $6.35 a share. Sales rose to $6.47 billion from $5.78 billion a year ago.

Broadcom Elevates Accounting Chief to CFO

Broadcom Elevates Accounting Chief to CFO
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