The company is withdrawing its official fiscal 2021 and Q2 guidance due to the COVID-19 pandemic, even though the company says its "core fundamentals" remain strong. However, Pure did say it currently expects Q2 sales to come in near flat year-over-year with operating profit expected to be near break-even. Pure also expects to see continued strength in sales and adoption of its subscription services. … [Read more...] about Okta launches native identity integration with AWS, beats Q1 estimates
New Delhi: Google is in initial talks to buy a stake of about 5% in cash-strapped Vodafone Idea, India’s third-largest telecom operator, the Financial Times reported, citing people familiar with the matter. Vodafone Idea was formed in August 2017 by the merger of Vodafone India and Idea Cellular. The telco, which has been posting losses since the merger, declined to comment on “this speculation”. Both UK’s Vodafone Group and Idea parent Aditya Birla Group declined to comment. Google didn’t respond to ET’s queries. Voda Idea shares closed 2.7% higher at Rs 5.82 on the BSE Thursday, giving it a market value of Rs 16,724 crore. For a 5% stake, Google will have to shell out $110 million (Rs 836.2 crore) based on that. Its Nasdaq-listed parent Alphabet has a market cap of $968.05 billion. Alphabet ended the January-March quarter with ‘cash and marketable securities’ of approximately $117 billion. The FT report said Google’s parent … [Read more...] about Google searching for 5% in Vodafone Idea; analysts say why not Airtel?
Microsoft is planning to invest $2 billion in Jio platforms for a 2.5% stake, as per Mint report. “Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms," a person with the knowledge of the matter was quoted as saying. Jio platform has recently raised over $12.3 billion via five overseas entities, i.e, Facebook, Vista Equity Partners, Silver Lake, General Atlantic, and KKR to pare its debt and now the company is looking to make a deal with Microsoft. If this deal happens then this will be the sixth biggest investment in the Jio platform. Facebook acquired a 9.9 per cent stake in RIL for Rs 43,574 crore, private equity firm Silver Lake Partners owned a 1.15% stake in Jio Platforms for about Rs 5,655.75 crore. On the other hand, Vista Equity had picked up a 2.32% stake on a fully diluted basis for Rs 11,637 crore. General Atlantic had invested Rs … [Read more...] about Microsoft plans to invest $2 billion in Jio Platforms: Report