intelligence

Baidu Shares Rise on Better-than-Expected Earnings

Baidu Shares Rise on Better-than-Expected Earnings

Chinese internet giant Baidu, Inc. (NASDAQ: BIDU) on Tuesday announced third quarter earnings that beat analysts’ estimates, sending the shares up 3.6%.Chinese search company said total revenue rose 27% to RMB 28.2 Billion (USD 4.11 Billion) i..

FireEye Earnings Top Estimates, Shares Up

FireEye Earnings Top Estimates, Shares Up

FireEye, Inc. (NASDAQ: FEYE) on Tuesday announced third quarter financial results that topped analysts’ estimates, sending its shares up over 10%.The cybersecurity company said revenue increased 7% to USD 212 Million in the third quarter ended..

SAIC to Buy Rival Engility for USD 1.5 Billion

SAIC to Buy Rival Engility for USD 1.5 Billion

Science Applications International Corp. (NYSE: SAIC) said on Monday it will acquire Engility Holdings, Inc. (NYSE: EGL) for USD 1.5 Billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.E..

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc. (NYSE: PANW), an entity of Zacks Security industry, announced fiscal Q4 earnings of 1.28 per share, outperforming the Zacks Consensus Estimate of USD 1.17. The cybersecurity firm which specializes in advanced firewall protec..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Google Walks Away From America's Security

Google Walks Away From America's Security

Alphabet Inc (NASDAQ: GOOGL) decision to not renew a contract to acquire artificial intelligence for the Defense Department benefited the employees who protested it. It also was a downfall for U.S. national security, patriotism, and the cause of lim..

Sony Predicts Highest Annual Profit

Sony Predicts Highest Annual Profit

On Tuesday, Sony (NYSE: SNE) announced forecasts of highest ever profit this year by restructuring the company and focusing more on gaming and image sensors. Since March of 1998, the company’s earnings have been soaring due to strong sales of ..