The day after Cisco Systems Inc. announced its third-quarter 2024 earnings, investors are wavering on the results, as the stock was falling 2% this morning, reversing a 5% jump after-hours Monday. The company reported revenue of $12.7 billion, down 13% year-over-year — 16% without Splunk — and $70 million ahead of consensus estimates. Gross margins remain best-in-class for an infrastructure vendor at 68.3%.
As organizations navigate increasingly complex technological environments, they face a dichotomy: Some are harnessing advanced cybersecurity tools and practices, while others are struggling under the weight of new challenges. Splunk Inc.’s new 2024 State of Security Report: The Race to Harness AI, released Tuesday, highlights significant differences in how cybersecurity is managed.
Artificial intelligence (AI) was the big theme at the recent Enterprise Connect 2024, which took place in Orlando, Florida. Companies are proactively incorporating AI features into their daily business practices at a rapid pace. However, the rise in AI’s utility creates considerable concern about data security and transparency – an issue that Theta Lake aims to tackle.
Amazon Web Services Inc. Tuesday announced a slew of offerings on Amazon Bedrock, including a custom artificial intelligence model import capability, model evaluation, safeguards to remove personal and sensitive information, and additional model choices, with a goal to help customers speed up the rollout of generative AI.
Veeam Inc. today announced that it has acquired incident response firm Coveware Inc. for an undisclosed price. The new offering that results from the acquisition — Coveware by Veeam — will operate independently initially, but the company will integrate elements over time. Dave Russell, vice president of strategy at Veeam, gave me a preview of the announcement.