Cybersecurity firm Palo Alto Networks (PANW) crushed Wall Street’s fiscal Q1 predictions late Monday, posting record sales and earnings that more than doubled vs. the year-earlier quarter. Its fiscal Q2 EPS and revenue also edged expectations, but shares were down a fraction after hours, after the earnings release. The growing company’s EPS and revenue growth decelerated, however. That broke a streak of four straight quarters of accelerating
Microsoft’s (MSFT) move Wednesday to establish data storage centers in Germany is the latest fallout from the end of a longstanding data transfer agreement between the U.S. and European Union. Since the European Court of Justice last month scrapped the Safe Harbor Agreement, U.S. Internet companies have responded by bulking up data centers in the EU. The court ruled the agreement was illegal because privacy protections in the U.S. are too lax. The
In its first 90 minutes, China’s biggest shopping day of the year logged $5 billion in online sales, more than America’s full Black Friday and Cyber Monday made combined last year. The “11.11” event tally, just counting sales handled on e-commerce giant Alibaba’s (BABA) platforms, saw $3.8 billion in mobile buys by 2:04 a.m. local time, topping all of “Singles’ Day” 2014. In opening remarks, CEO Daniel Zhang said the “world will