Tag Archives: lead tech

Priceline Outlook Disappoints; TripAdvisor EPS Misses

Online travel stocks crashed Tuesday as a trio of companies posted earnings or gave guidance that lagged Wall Street expectations. Priceline (PCLN) started the damage early Tuesday, issuing disappointing guidance for the current quarter, partly on the currency and travel fallout from the Ukraine crisis. Late Tuesday, TripAdvisor (TRIP) reported third-quarter earnings that missed analyst earnings, while vacation home rental firm HomeAway (AWAY)

Cloud Spending Going Skyward, IDC Predicts

Spending on public cloud computing services is forecast to grow at six times the rate of the overall information technology market over the next five years, IDC says. The research firm predicts that public IT cloud spending will hit $127.5 billion in 2018, up from $56.6 billion this year. That represents a five-year compound annual growth rate of 22.8%. In 2018, public IT cloud services will account for more than half of worldwide software,

Cisco Systems: Cloud Will House Most Data By 2018

Cisco Systems is hoping to cash in on the cloud by making clear to its customers just how fast cloud data storage will grow in its fourth cloud index report. The No. 1 maker of networking gear is set to release its latest forecast early Tuesday. Cisco Systems (CSCO) predicts that by 2018 more than three-quarters of all company information will be processed via the Internet cloud rather than on internal company computer servers. Cisco’s fourth