Private equity firm Silver Lake is merging two of its French portfolio companies, business management software provider Cegid and payroll platform Silae, to create a European technology group valued at more than €10 billion ($11.6 billion). The deal comes as the software sector grapples with AI disruption.
Snowflake's stock jumped 22% in after-hours trading following second quarter fiscal 2027 results that beat expectations on revenue, profit, and guidance. However, one metric—bookings—fell short of analyst expectations, raising questions about future growth momentum.
Israeli-Dutch AI startup Wonderful has closed a $550 million Series C funding round led by Insight Partners with participation from Salesforce, valuing the enterprise AI automation company at $5 billion. The valuation represents a 2.5x increase from its $2 billion valuation just six months ago.
Salesforce lifted its annual revenue and profit forecasts and unveiled Claudeforce, a new integration combining its capabilities with Anthropic's Claude AI models, sending shares up 14% in extended trading.
Palantir Technologies reported second-quarter sales far exceeding Wall Street estimates and raised its full-year revenue and income forecasts, with US commercial revenue more than doubling year-over-year. The stock surged 12% following the announcement.
Starbucks Corp. is developing in-house tools with artificial intelligence that could replace some software applications it currently purchases from companies such as Microsoft Corp. and International Business Machines Corp.
