Google’s Q2 2014 earnings deliver $15.96 billion in revenue

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Google has just released results for its second quarter of 2014 today. It made revenues of $15.96 billion, a 22 percent increase over the same period last year. It made $3.42 billion in net income, which is slightly down quarter over quarter. It’s a miss from analyst expectations on income, though revenue is slightly better than expected. Google’s chief business officer, Nikesh Arora, will also be leaving the company to go work for SoftBank. He’ll be replaced by Omid Kordestani, who CEO Larry Page describes as “one of my closest advisors.”

Most analysts weren’t expecting big news from Google today, and the collective shrug at the company’s trend over the past couple of quarters culminated in disappointment over last quarter. The most…

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Did Verizon accidentally admit it’s slowing down Netflix traffic? Level 3 thinks so

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There has been a back-and-forth battle in recent weeks about what is causing the internet congestion that is degrading service to Netflix consumers. Last week Verizon published a blog post that offered the first real specifics in the debate, saying that it had studied the situation closely based on a customer in Los Angeles and found that there was plenty of capacity available at different points where Netflix could deliver traffic to its network. The congestion, Verizon said, was being caused by Netflix, which had made the decision to send all its data over a limited set of very crowded routes. Today, Level 3 — which helps carry that Netflix traffic to Verizon’s network in LA — fired back in a blog post of its own. It says the problem…

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‘Star Wars: Episode VII’ casts ’24’ actress Christina Chong

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Star Wars has added another little-known name to its cast for Episode VII. Actress Christina Chong, who most recently appeared in 24: Live Another Day and will soon appear in Halo: Nightfall, is widely reported to have a part in the upcoming film. The Wrap reports that her part is a small one, however, and that her name has actually been under wraps for so long that she’s already completed filming. Latino Review first reported Chong’s casting.

The initial presentation of the Episode VII cast was criticized for its lack of female faces, so even if Chong’s role is a small one, the addition should help to some extent. Star Wars has also added 12 Years a Slave star Lupita Nyong’o and Game of Thrones star Gwendoline Christie in the time…

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Apple’s longest-serving board member steps down

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Apple will report its quarterly earnings on July 22nd, but the company just announced a bit of a board shake-up ahead of that — Bill Campbell, the company’s longest-tenured board member, is retiring after 17 years of service. He’ll be replaced by Sue L. Wagner, a co-founder and director at investment management firm BlackRock. “Sue is a pioneer in the financial industry and we are excited to welcome her to Apple’s board of directors,” said CEO Tim Cook in a press release. “We believe her strong experience, especially in M&A [mergers and acquisitions] and building a global business across both developed and emerging markets, will be extremely valuable as Apple continues to grow around the world.” With Wagner’s appointment, two of the…

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Google’s Q2 Revenue Of $15.96B Beats, But Its Non-GAAP EPS Of $6.08 Disappoints

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google-earnings2 Today after the bell Google reported its second quarter financial results, including net revenue (ex-TAC) of $12.67 billion, and $6.08 in non-GAAP earnings per share. Google gross revenue for the period came in at $15.96 billion
Analysts had expected that Google would report $12.32 billion in ex-TAC (net) revenue, $15.62 billion in gross revenue, and earnings per share of $6.25. In its… Read More

Twitter Acquires CardSpring To Power In-Tweet Ecommerce And Offers

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Screen Shot 2014-07-17 at 1.41.26 PM Twitter just announced it’s acquired CardSpring to enable “in-the-moment commerce experiences.” CardSpring is an application platform that lets developers build card-linked offers electronic coupons, loyalty cards, and virtual currencies that work with credit cards and other types of payments. Twitter will keep the service open. CardSpring writes “At Twitter, we… Read More

IBM Slips After Reporting Better-Than-Expected Revenue Of $24.36B, Non-GAAP EPS Of $4.32

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2067062407_c0ebf2204e_o IBM managed to best market expectations in the second quarter, but its shares have traded down since it released the details of its second quarter’s financial results, which included revenue of $24.36 billion, and non-GAAP earnings per share of $4.32. On a GAAP basis, IBM earned $4.12 per share.
Analysts had IBM to report non-GAAP earnings per share of $4.29, on revenue of $24.13 billion. Read More

iOS developers poised to win big in Apple-IBM deal

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Mobile developers with knowledge of Objective-C and Apple’s fledgling Swift language could be the big winners in Apple’s newly announced partnership with IBM.

That alliance has IBM firmly endorsing the iPad, with Big Blue reselling Apple’s popular tablet device preconfigured with enterprise apps for vertical industries. More iPads will end up at large IBM shops, opening up new markets for iOS application builders.

Some — but not all — iOS developers could have a major opportunity to earn lots of income in the enterprise space, said iOS application developer Christopher Allen, CTO of software developer ReOrientmedia.com. “Working at an enterprise level often requires ‘full stack’ skills, from UX to client engineering and on through to a scalable back end, which is the kind of experience the more indie app developers don’t have,” he noted. “Those teams that have this broader experience will do well.”

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Review: Cloud Foundry brings power and polish to PaaS

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Cloud Foundry was created by VMware to streamline deployment for application developers, application operators, and cloud operators. Then in April 2011, Cloud Foundry was announced as open source under the Apache 2.0 license, with the pitch to developers that they could code in the language and Web framework of their choice without worrying about the IT environment.

In February 2014, VMware spin-off Pivotal announced the formation of the Cloud Foundry Foundation, with Pivotal, EMC, IBM, Rackspace, and VMware as Platinum sponsors. The foundation has since expanded to 33 members and 42 contributing companies. One differentiator for Cloud Foundry is support for Pivotal HD Hadoop MapReduce, HAWQ SQL for Hadoop, and GemFire XD analytics. Another is the availability of the Pivotal Mobile Services Suite, thanks to last year’s acquisition of Xtreme Labs. Pivotal’s big data services and mobile services are both now integrated with Pivotal CF, the company’s enterprise version of Cloud Foundry.

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ESPN will broadcast Valve’s ‘Dota 2’ e-sports tournament this weekend

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Valve is partnering with ESPN to air the championship rounds of this year’s Dota 2 e-sports tournament. Dubbed The International, the tournament kicked off on July 8th and features a record-breaking prize pool of more than $10 million — most of which came from the game’s dedicated fanbase. The final rounds of the tournament start tomorrow, and will be featured on the sports network’s digital channel, ESPN3, in addition to Valve’s own streams.

The coverage also includes an ESPN-exclusive preview of Monday’s final, which will air on ESPN2 at 8:30 PM PST on Sunday. Valve has made great efforts to turn the Dota 2 tournament into a more mainstream event, going so far as to introduce new streams designed to ease newcomers into the experience….

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Humanity now has a cheat sheet for breeding the perfect wheat

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The world is going to need more food. One of the obvious paths toward resolving that issue is crafting versions of widely used crops that can better grow in harsh environments, and among the big crops that researchers have been looking at is wheat. The genetics of bread wheat have been under investigation for years now, but today a group of researchers is publishing a draft of the crop’s genome, which they say will provide the tools necessary to start planting better wheat.

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Nike’s Secret New York Vending Machine Trades Free Swag For FuelBand Points

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BsvXeqCIYAAKlsk Free Nike gear sitting in the middle of a public place? This will either go down in the books as a damned clever marketing move or a great way to cause a panic. Nike just hid a vending machine in NYC. But there’s a twist! This vending machine only dishes out Nike gear… and it doesn’t accept cash. To get something out of the machine, you’ll need to cough up some points from… Read More

Microsoft Shares Trade Higher In Wake Of Layoffs Announcement

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microsoft-earnings Early this morning Microsoft announced that it will reduce its headcount in the wake of its acquisition of Nokia’s hardware assets. The company was, at one point, up more than 3% in per-market trading following the news. The company opened above $45 — a fresh 14 year high — before retreating, and then regaining some ground. Investors, it seems, are content with the scale of… Read More

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