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Zscaler Reports Higher Operating Expenses, Shares Drop 5% in Extended Trading

Zscaler ZS.O, a cybersecurity company, disclosed more significant operational expenditures in the second quarter, which caused its shares to drop 5% d

Zscaler ZS.O, a cybersecurity company, disclosed more significant operational expenditures in the second quarter, which caused its shares to drop 5% during extended trading. Despite this, Zscaler is incorporating these technologies into its products to adjust to the changing role that AI is playing in cybersecurity. Palo Alto Networks PANW.O, a rival that provides free services to users migrating to its platform, is a threat to it nevertheless. Zscaler had a 24% increase in total operating expenses, including a 42% increase in research and development costs. Zscaler did, however, beat market forecasts for the second quarter and projected higherthanexpected sales and profit for the third quarter. Its secondquarter earnings per share, excluding adjustments, was 76 cents as opposed to projections of 58 cents. Annual sales are anticipated to range from $2.118 billion to $2.122 billion, with thirdquarter adjusted profit per share projected between 64 and 65 cents, exceeding the average esti Read More..

B2B Tech News | 1 months ago

WTO Negotiators Release New Draft Deals Amid Extended Talks

Negotiators at the World Trade Organizations biennial conference in Abu Dhabi released new draft deals after allnight talks, revealing unresolved issu

Negotiators at the World Trade Organizations biennial conference in Abu Dhabi released new draft deals after allnight talks, revealing unresolved issues hours before the extended deadline. Key topics include curbing fishing subsidies and extending a moratorium on digital trade tariffs, supported by most but opposed by India and South Africa. A draft agriculture deal shows disagreement on permitted government support for farmers. The fisheries text remains undecided on forced labour issues and phasein periods for developing countries. Concerns from Pacific islands for a more ambitious deal need to be clarified. Delegates are divided on progress, with negotiations ongoing before the closing ceremony scheduled for 2 p.m. 1000 GMT. Read More..

B2B Tech News | 1 months ago

Algeria Aims to Become Key Natural Gas Supplier Amid European Energy Shift

Algeria is organising a meeting with envoys from energyrich nations to position itself as a significant natural gas supplier for European countries lo

Algeria is organising a meeting with envoys from energyrich nations to position itself as a significant natural gas supplier for European countries looking to diversify away from Russian energy. The event intends to highlight Algerias position as a reliable energy supply while coordinating investments and relationships with purchasing nations. Elmajid Tebboune, the president, underlined the value of natural gas for socioeconomic advancement. Algeria aspires to increase output, but obstacles, including infrastructural requirements and competition from other gasproducing countries, stand in the way. Amidst rising energy demands and shifting global dynamics, investing in renewable energy and balancing export obligations and domestic requirements remain top concerns. The income from oil and gas still contributes significantly to Algerias economy. Read More..

B2B Tech News | 1 months ago

India Approves Construction of Three Semiconductor Plants, Aims to Become Chip Hub

India has taken a big step towards becoming a significant chip centre by approving the development of three semiconductor facilities. These factories,

India has taken a big step towards becoming a significant chip centre by approving the development of three semiconductor facilities. These factories, which have invested more than $15 billion, will strengthen Indias position in chip manufacturing and cuttingedge packaging technology. One of the fabrication sites in Gujarat will be constructed by Tata Electronics and Taiwans Powerchip Semiconductor Manufacturing Corp., emphasising 28nanometer technology for various industries. Furthermore, CG Power will open a second facility in Gujarat in collaboration with Renesas Electronics Corporation of Japan and Stars Microelectronics of Thailand. In contrast, Tata Semiconductor Assembly and Test Pvt Ltd will open a plant in Assam. To bolster Indias semiconductor industry and generate employment, these programmes are drawing in foreign chip makers looking to expand their business in the face of geopolitical unpredictability. Read More..

B2B Tech News | 1 months ago

Dell Technologies Surges in AfterHours Trading on Strong AI Server Demand

A strong demand for its AI servers led Dell Technologies to surpass Wall Street forecasts for both revenue and profit this year. In afterhours trade,

A strong demand for its AI servers led Dell Technologies to surpass Wall Street forecasts for both revenue and profit this year. In afterhours trade, the companys shares increased by more than 16%. Dell owes its success to the growing demand for AI servers outfitted with Nvidias GPUs, which has seen a roughly 40% consecutive rise in orders. Furthermore, Dell expects the PC industry to rebound, helped by the upcoming cycle of PC refreshes and the longterm effects of AI. Dell exceeded expectations even though it reported an 11% fall in revenue for the fourth quarter. The Client Solutions Group, which houses PCs, suffered a roughly 12% loss in revenue. In comparison, the Infrastructure Solutions Group witnessed a 6% decline. Dell anticipates sales for the fiscal year of between $91 billion and $95 billion, above expert projections. Read More..

B2B Tech News | 1 months ago

Particle.news Revolutionizing News Consumption with AI Summaries

With the help of AIpowered summaries, Particle.news, founded by former Twitter programmers, hopes to transform how people consume news. Particle, whic

With the help of AIpowered summaries, Particle.news, founded by former Twitter programmers, hopes to transform how people consume news. Particle, which Sara Beykpour and Marcel Molina cofounded, provides a customised news experience while paying publishers and writers properly. The website offers condensed summaries from several publishers, allowing visitors to go further if they want. Particle has started its private beta with $4.4 million in initial funding, which includes contributions from Ev Williams and Scott Belsky. In contrast to Artefact, the Particle ensures a balanced viewpoint by drawing from various sources across the political spectrum. Although the approach shows promise, concerns regarding publisher remuneration remain despite Beykpours assurances of justice and continuous communication with publishers. The crew at Particle, which gained knowledge from Twitter, is wellequipped to handle news difficulties in the digital era. Read More..

B2B Tech News | 1 months ago

ManageEngine and Check Point Collaborate to Tackle Mobile Threats

ManageEngine, a branch of Zoho Corporation that handles IT administration, has announced that Check Points Harmony Mobile and Endpoint Central have be

ManageEngine, a branch of Zoho Corporation that handles IT administration, has announced that Check Points Harmony Mobile and Endpoint Central have been integrated. The goal of this partnership is to automate threat remediation for mobile devices, which is essential at a time when fraudsters use mobile devices to compromise networks. The integration tackles a variety of risks, including phishing and malware, as one in ten organisations will be impacted by mobile malware in 2022. By integrating both solutions, customers gain expedited mobile threat detection, prioritisation, and remediation. While Jason Min, Head of Business Development at Check Point, emphasises the companys integrated approach to comprehensive endpoint management and security, Mathivanan Venkatachalam, Vice President at ManageEngine, underscores the companys dedication to enhancing endpoint security. Read More..

B2B Tech News | 1 months ago

Mphasis Launches DeepInsights Doc AI A New Era in Document Processing

Mphasis presents DeepInsights Doc AI, a generative AIpowered intelligent document processing system. With this platform, businesses may extract contex

Mphasis presents DeepInsights Doc AI, a generative AIpowered intelligent document processing system. With this platform, businesses may extract contextspecific data from documents in any format and integrate it with other IT systems to get insights that can be used. It provides Domainspecific language comprehension. Multimodal material retrieval. Factbased content production. Actionable suggestions that may be tailored to meet the demands of a company. DeepInsights Doc AI uses trainable pipelines to expedite document processing and is optimised for cloud deployments. The CEO of Mphasis, Nitin Rakesh, emphasises how important it is for improving risk management, customer service, and efficiency. Mphasis remains dedicated to promoting generative AI innovation, as demonstrated by its strategic alliances and specialised AI business unit that serves a wide range of client requirements. Read More..

B2B Tech News | 1 months ago

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