ServiceNow reported a mixed bag for Q2 after the close Wednesday, sending its stock down 6% in after-hours trading. The provider of software that companies use to manage IT service desk operations beat revenue expectations, but its bottom line was merely in line as profit remains elusive, and deferred revenue came up short of Wall Street views. Its Q3 revenue guidance beat, however, and analysts remain upbeat. Year-over-year revenue growth had
Akamai Technologies late Wednesday reported second-quarter results slightly above views and forecast current-quarter profit and sales growth above Wall Street estimates, but its stock fell. Shares in Cambridge, Mass.-based Akamai (AKAM), the biggest provider of content delivery network (CDN) services to media and entertainment companies, were down 6% in after-hours trading. Akamai’s stock had been up more than 28% in 2014 as of Wednesday’s market
Google gets most of the media attention for self-driving cars, but Mobileye’s in the driver’s seat. A developer of autonomous auto technology, Mobileye said cars with hands-free driving ability could arrive by 2016. Mobileye this week is hitting the road with a hotly anticipated initial public offering. The company, launched 15 years ago in Israel, says it’s the leading developer of camera-based driver assistance systems, including automatic