Microsoft plans September cybersecurity event after CrowdStrike outage

Microsoft plans September cybersecurity event after CrowdStrike outage

A Delta technician works on a set of screens displaying a blue page and reading “Recovery” in Terminal 2, Delta Airlines, at Los Angeles airport, on July 19, 2024. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major computer systems outage linked to an update on an antivirus program. … Read more

Software stocks got pummeled this week on troubling earnings reports

Software stocks got pummeled this week on troubling earnings reports

Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers. Add it all up and it was a brutal week for software and … Read more