Oracle sales top estimates as push to the cloud gains momentum

San Francisco. Oracle Corp, the world’s second-largest software maker, reported third-quarter sales that slightly topped projections, signalling that the company may be gaining momentum in its transition to cloud-based computing. Revenue in the period ended February 28 was $9.61 billion, the Redwood City, California-based company said Thursday in a statement. Analysts had predicted $9.59 billion, […]

Spotify chief sees ‘big business impact’ from Apple’s levies

Berlin. Spotify Technology SA’s Chief Executive Officer Daniel Ek said his music-streaming service has suffered “a big business impact” from alleged restrictions by Apple Inc that sparked this week’s complaint to European Union antitrust cops. Spotify wants the EU to investigate Apple’s App Store rules that take a 30 per cent cut of subscriptions and […]