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Tech`s news

(Reuters) - Google-parent Alphabet Inc posted a 21.3 percent rise in second-quarter revenue, driven by strong advertising sales on mobile devices and for video content. The company's consolidated revenue rose to $21.50 billion in the three months ended June 30, from $17.73 billion a year earlier. Net income rose to $4.88 billion, or $7.00 per Class A and B common stock, from $3.93 billion, or $4.93 per share. Alphabet's shares rose 6 percent in extended trading on Thursday. (Reporting by Rishika Sadam in Bengaluru; Editing by Savio D'Souza) more...


(Reuters) - Amazon.com Inc reported a 31.1 percent rise in quarterly revenue, powered by blockbuster growth in its cloud services unit and an increase in subscriptions for its Prime loyalty program. The world's biggest online retailer's net sales rose to $30.40 billion in second quarter ended June 30 from $23.19 billion a year earlier. The company's net income rose to $857 million, or $1.78 per share, from $92 million, or 19 cents per share, a year earlier. (Reporting by Anya George Tharakan in Bengaluru; Editing by Saumyadeb Chakrabarty) more...


The deal will bring together two companies linked to high-profile technology billionaire Larry Ellison. In addition to being Oracle's executive chairman, entities he owns hold about 40 percent of NetSuite's shares, according to a regulatory filing, a situation corporate governance consultants said would increase scrutiny of the deal. NetSuite shares rose about 18 percent to $108.30, just shy of the offer price of $109 a share. more...


The social networking giant beat market expectations for profit and revenue yet again in the latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett's Berkshire Hathaway Inc as the fifth biggest U.S. company by market capitalization. Facebook's shares rose as much as 4 percent to $128.33, boosting its market value by $14 billion to $367 billion - enough to eclipse Berkshire's market cap of about $355 billion. At least 24 brokerages raised target prices on Facebook's stock, with a median target of $150. more...


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