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The automotive industry is being impacted by the convergence of several macro-economic factors and technology-driven innovations. Vehicles are being built differently as they become more autonomous and connected. Earlier, navigation systems were considered a standard automotive component and generally outsourced from third-party vendors, but not anymore, these systems now form part of the critical infotainment system that is responsible for elevating the user experience by making the automobile smart. As a result, OEMs are placing greater emphasis on standards that meet the best quality, usability, and performance criteria. Interestingly, contemporary cars come with over 100 million lines of software code to deliver sophisticated features such as high fuel efficiency, performance, and emissions. As technology becomes mainstream, the lines between the automotive and technology industry are beginning to blur with companies such as Google making a foray into the automotive sector, … [Read more...] about Why hybrid cloud works best for the automotive industry

Broadcom on Thursday delivered first quarter financial results slightly above expectations. The company's non-GAAP diluted earnings per share came to $6.61. Revenue was $6.655 billion for the first quarter, up 14 percent from the prior year period. Analysts were expecting earnings of $6.55 per share on revenue of $6.61 billion. "This growth reflects the critical role our technology franchises play in this environment of accelerated digital transformation," CEO and President Hock Tan said in a statement. By segment, Broadcom's semiconductor business represented 74 percent of total sales in the first quarter. The segment brought in $4.908 billion, up 17 percent year-over-year. The infrastructure software business grew 5 percent year-over-year, bringing in $1.747 billion in revenue. It now accounts for 26 percent of total sales. Broadcom offered second quarter revenue guidance of approximately $6.5 billion, an expected increase of 13 percent from the prior year period. … [Read more...] about Broadcom beats Q1 expectations, gives solid Q2 outlook

Yesterday, identity and access management (IAM) vendor Okta announced plans to acquire customer identity and access (CIAM) vendor Auth0 for $6.5B in an all-stock transaction . Founded in 2013, Auth0 has been rapidly growing its developer-focused offering and has raised more than $330 million in venture financing. Based on Forrester's estimates of Auth0's annual revenue, this acquisition price is around an 80-100X revenue multiple, which is considerable and unprecedented in the Identity Access management (IAM) space. For reference, we estimated that Cisco's acquisition of Duo in 2018 was around a 20X revenue multiple and was done as a cash transaction. With this purchase and valuation, Okta is raising its bet and going all in on CIAM. Also: Okta and Auth0: A $6.5 billion bet that identity will warrant its own cloud Featured Remote work: 5 things every business needs to know Echo Show 10 with motion: How it feels to be followed around The best Samsung … [Read more...] about With its acquisition of Auth0, Okta goes all in on CIAM

Apple specialty support services company Jamf this afternoon reported Q4 revenue and profit that topped analysts' expectations, and an outlook for the quarter and the year that was higher as well. The report sent Jamf shares 3% higher in late trading . Jamf provides services to enterprises who want to activate and maintain Apple Macs and iOS devices, including special boot software to remotely initiate the set-up of the devices with a push of a button. CEO Dean Hager remarked that Jamf "finished 2020 with high growth across every product, geography, and the top 10 industries we serve, demonstrating the strength and diversity of our platform Added Hager, "As we look to 2021, we'll continue to expand the breadth and depth of our Apple Enterprise Management platform to enhance our value to customers and accelerate further penetration of Apple in the enterprise." Revenue in the three months ended in December rose 34%, year over year, to $76.4 million, yielding a net profit of … [Read more...] about Apple specialists Jamf stock rises as Q4 results top expectations, forecast higher as well

The downside of sequels is that they so rarely have anything new to offer. Unless they’re part of a planned, ongoing storyline, like the Star Wars or Harry Potter movies, sequels are usually about mechanically reproducing the most popular parts of the original film, and making them bigger, louder, and faster. But the “faster” part can be one of the upsides of sequels. Once a franchise-launching film gets all the roadblocks of world-building, exposition, and character development out of the way, sequels have a clear road to the action, and they can rev the motor and speed along without impediment. That certainly holds true for Pacific Rim: Uprising , the slick, upbeat sequel to Guillermo del Toro’s giant-monster movie Pacific Rim . The 2013 film had a lot of heavy lifting to do, as it established a version of Earth beset by immense, other-dimensional monsters called kaiju, and explained humanity’s effort to fight them off with equally titanic mecha-suits called jaegers. Del … [Read more...] about Pacific Rim: Uprising is only interested in the giant-robot fights