Special offer: Try The Information and get $100 off your plan today
About Us
Pricing Corporate Sales
Briefing
Markets Enterprise

Salesforce Reports Lower Profit, Higher Revenue for Second Quarter

By Ross Matican
· · Source: The Information

Salesforce reported a drop in profit and a 22% rise in revenue for the second quarter, defying its own prediction that it would lose money in the period because of accounting charges related to buying one of its subsidiaries. The company raised is full-year revenue guidance, suggesting it is not seeing signs of weakness in enterprise software even though recession worries are getting more...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Takeaway Media/Telecom Google
Accepting Kickbacks, Publishers Are Playing Into Tech Companies’ Hands
By Jessica E. Lessin · Sept. 19, 2020 8:00 AM PDT

For years, news publishers have been clamoring for Facebook, Google and Apple to pay for the news content that gets distributed through their services. Well, they have gotten what they wished for—sort of. And it’s troubling news.

Latest Briefs
 
Unity Software Sees 30% Surge in Stock After IPO
By Nick Wingfield · Sept. 18, 2020
NBCU Reaches Deal with Roku for Carrying Peacock
By Tom Dotan · Sept. 18, 2020
U.S. to Ban New TikTok, WeChat Downloads Starting Sept. 20
By Alex Heath · Sept. 18, 2020
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Exclusive Enterprise COVID-19
Zoom Invests in Big Messaging Upgrade in Challenge to Slack
By Kevin McLaughlin
Zoom Video Communications became a household name with a video conferencing service that has become a ubiquitous tool for businesses and students during the pandemic.
True Value Startups Markets
Five New Software Stocks: Why Investors Love Some and Hate Others
By Ross Matican
Five enterprise software companies are going public this month, cashing in on the sector’s enormous popularity with investors.
Exclusive Policy Google
In Ironic Twist, Google’s Pro-Privacy Move Boosted U.S. Antitrust Probe
By Nick Bastone
Google has taken a lot of heat for violating people’s privacy. Now it could get in trouble for trying to protect it.
Exclusive Google Enterprise
With TikTok Deal, Oracle Could Gain Billion-Dollar Cloud Customer
By Amir Efrati
Oracle’s deal to act as TikTok’s new “trusted technology partner” could be worth more than $1 billion in potential revenue annually for Oracle’s cloud business in the coming years, according to previously undisclosed data viewed by The Information.
Org Charts Asia
The People With Power at TikTok Owner Bytedance
By Yunan Zhang and Juro Osawa
ByteDance, owner of the powerhouse social media app TikTok that is caught up in the U.S.-China trade and cybersecurity war, has been busy restructuring itself as it looks to duplicate TikTok’s success internationally with some of its newer apps, according to new data viewed by The Information.
News Analysis Asia
How China’s ByteDance Avoided Worst-Case Scenario for TikTok
By Juro Osawa, Yunan Zhang and Shai Oster
Two weeks ago, Microsoft told bankers it was confident it was the frontrunner in a bid to acquire TikTok’s operations in the U.S.