ServiceNow notified some enterprise customers about a software bug that allowed unauthorized internet users to access their data without credentials. The bug, patched on June 5, affected customer instances hosted by ServiceNow, potentially exposing sensitive information stored in workflows connecting various business apps. While the issue reportedly involved Australian customer instances, evidence suggests external access may have occurred elsewhere. ServiceNow has not disclosed the number of affected customers or the extent of data exposure, leaving uncertainty about the impact and any malicious activity.
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
IBM shares dropped over 23% following its Q2 earnings report, which showed profits and revenue below analyst expectations. CEO Arvind Krishna highlighted that the company's mainframe business, particularly the Z series with AI capabilities, underperf...
Analyst Krzysztof Bogdanski initiates a Buy rating on ServiceNow, highlighting its attractive valuation at 26x forward earnings, robust subscription revenue growth of 21%, and a high 97% renewal rate. The company is accelerating AI monetization, with...
Micron reported impressive earnings and optimistic guidance, but its stock fell sharply due to concerns that its 86% gross margins and AI-driven memory price increases are unsustainable. The AI hardware sector, after rapid gains, is seeing profit-tak...
