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Extreme Networks, which has HQ in Triangle, reports ‘record quarterly revenue and operating profit’

Extreme Networks, which has HQ in Triangle, reports ‘record quarterly revenue and operating profit’

MORRISVILLE –  Extreme Networks on Wednesday reported profit of $22.1 million in its fiscal third quarter. And its CEO had a lot of positive things to say as a result. “Extreme (EXTR) delivered another quarter of record results punctuated by improving supply chain conditions, the strengthening of our competitive position, and solid execution,” said Ed

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Microsoft not dreaming about future: Its cloud business drives profits, plans for AI

Microsoft not dreaming about future: Its cloud business drives profits, plans for AI

REDMOND, Wash. — Microsoft on Tuesday reported a 9% increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share.

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Google CEO seeks ‘areas for durable savings’ after first back-to-back drops in ad revenue

Google CEO seeks ‘areas for durable savings’ after first back-to-back drops in ad revenue

SAN FRANCISCO — Google’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threaten to undercut its dominant search engine. An unprecedented downturn in Google’s digital ad revenue – the company’s main moneymaker for more than 20 years – came into sharper focus Tuesday

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ChatGPT warning: ‘Shady’ developers are ‘flooding’ Mac App store with apps

ChatGPT warning: ‘Shady’ developers are ‘flooding’ Mac App store with apps

By Juli Clover, MacRumors There have long been complaints from developers and App Store users about apps that offer limited functionality and charge high prices in an effort to scam people out of their money, and the latest trend is a glut of ChatGPT apps that have invaded the ‌App Store‌. Privacy 1st researcher Alex Kleber over the

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Epic Games CEO mulls ‘next steps’ in legal fight with Apple despite losing appeal

Epic Games CEO mulls ‘next steps’ in legal fight with Apple despite losing appeal

CARY – Apple has declared a “resound victory” over Cary-based Epic Games in their antitrust legal battle when a federal appeals court upheld a lower court victory for the tech giant. But Epic CEO Tim Sweeney hasn’t surrendered. “Apple prevailed at the 9th Circuit Court. Though the court upheld the ruling that Apple’s restraints have

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To the rescue: iPhone’s Emergency SOS via Satellite pays off for 3 canyoneers

To the rescue: iPhone’s Emergency SOS via Satellite pays off for 3 canyoneers

By Juli Clover, MacRumors The iPhone 14‘s Emergency SOS via Satellite feature last week saved a trio of students who went canyoneering in Utah and got stuck in an area with no cellular signal. Introduced last September, Emergency SOS via Satellite is designed to let ‌iPhone 14‌ users access satellite communications to get help in emergency

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Apple declares ‘resounding victory’ vs. Epic in antitrust case

Apple declares ‘resounding victory’ vs. Epic in antitrust case

CARY – Epic Games’ antitrust battle against Apple is turning – again – into what Apple declares as a “resounding victory.” A decision Monday in the U.S. Ninth Circuit Court of Appeals affirmed a lower court decision that was considered largely a victory over Epic. The dispute involving apps offered through Apple’s App Store drew

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Epic’s Tim Sweeney blasts ‘losers and goons’ who campaign against new Twitter verification

Epic’s Tim Sweeney blasts ‘losers and goons’ who campaign against new Twitter verification

“People in this #BlockTheBlue pressure campaign are losers and goons,” – Tim Sweeney +++ CARY – Tim Sweeney, the outspoken majority owner of privately held Epic Games and the second richest billionaire in North Carolina behind SAS owner Jim Goodnight, loves his Twitter feed and over the past decade has built a following of more

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Google this: What did CEO Sundar Pichari make in 2022? (Answer: 6M)

Google this: What did CEO Sundar Pichari make in 2022? (Answer: $226M)

By Nicole Goodkind, CNN Business Google’s top executive took home quite a bit of money last year. Sundar Pichai, the CEO of Google and Google’s parent company Alphabet, made nearly $226 million in 2022, according to a new filing from Alphabet. The majority of the pay came from stock holdings, valued at more than $218 million. The

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Judge denies Google request to delay Epic Games antitrust trial

Judge denies Google request to delay Epic Games antitrust trial

CARY – A federal judge handling the antitrust case against Google from Epic Games as well as Match Group and numerous states attorney generals denied a Google request to delay the November trial on Thursday. “Someone is going to go to trial in November,” U.S. District Judge James Donato told lawyers in San Francisco, according

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