Cisco Projects Promising Revenue Growth as Customers Embrace Hardware Upgrades
In a significant development for the tech giant, Cisco Systems Inc. reported an optimistic outlook for its forthcoming fiscal period, largely driven by an uptick in customer investments in hardware upgrades. The company’s latest earnings report provided a positive revenue forecast, signaling robust demand from both enterprise and public sector clients.
Continue readingCharges Unveiled Against Hackers Targeting Snowflake Customers
In a dramatic development within the cybersecurity landscape, federal prosecutors have unsealed charges against three individuals accused of orchestrating a sophisticated hacking campaign that compromised the data of Snowflake customers. The cloud data platform, widely adopted by businesses for its robust data warehousing services, found itself at the center of this alarming breach. The indictment, unveiled on November 11, 2024, outlines an intricate operation wherein the charged hackers allegedly exploited vulnerabilities in Snowflake's systems to access sensitive information stored within its cloud framework.
Continue readingShanghai DC Science Enters the Private Loan Market Amid Growing Demand for Data Centers
As the global demand for cloud services and data management continues to soar, Shanghai Data Center Science Co. is poised to capitalize on this trend by seeking a substantial private loan to bolster its operations. The company aims to secure approximately 2 billion yuan (equivalent to $275 million) to fund its expansion, catering to the rising needs of clients in a rapidly evolving digital landscape.
Continue readingOracle to Invest $6.5 Billion in Malaysia AI & Cloud Services Hub
Oracle Corp., a global technology powerhouse, is going to invest 6.5 billion dollars in Malaysia. In this respect, it plans to set up a state-of-the-art artificial intelligence hub and cloud services as part of the major facelift for Malaysia's tech infrastructure.
Continue reading