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Francois Locoh - 1 it's - 1 François - 1 Donou - 1 Refinitiv - 1 Zaheer Kachwala - 1 Yuvraj Malik - 1 Pooja Desai - 1
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☆ It's generally a mistake for large businesses to rush into AI, technology company says
  + stars: | 2024-03-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's generally a mistake for large businesses to rush into AI, technology company saysFrancois Locoh-Donou, president and CEO of F5, says the history of technology has shown that "any time we have rushed to deploy technology without really understanding the risks associated with the technology and the consequences of not taking the right steps to do so, it's come back to bite us."
Persons: Francois Locoh, it's
☆ F5 results beat estimates as client spending on cloud applications rise
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - F5 (FFIV.O) beat third-quarter revenue and profit estimates on Monday, benefiting from higher customer spending on its cloud-related technology, sending its shares up nearly 9% after the bell. After a cut back in expenses related to software and hardware for several quarters, analysts say companies are now slowly increasing their spending in certain areas. F5's revenue and profit forecasts for the fourth quarter were largely in line with estimates. It expects revenue in the range $690 million to $710 million. Per share earnings are seen in the range $3.15 to $3.27, compared to the estimate of $3.22.
Persons: François, Donou, Refinitiv, Zaheer Kachwala, Yuvraj Malik, Pooja Desai Organizations: Thomson
☆ Software firm F5 to lay off 9% staff, trims fiscal revenue guidance
  + stars: | 2023-04-19 | by ( ) www.reuters.com   time to read: +1 min
April 19 (Reuters) - Cloud and security services firm F5 Inc (FFIV.O) said on Wednesday it was reducing its workforce by 9% and cutting bonuses of senior executives to bring down costs. The technology industry has seen a wave of layoffs over the past few months as it grapples with slowing growth following a pandemic-led boom in digital services. F5's downsizing plan, which will affect 623 employees due to job cuts, also includes cutting back spending on office space and executive travel. The Seattle, Washington-based company also lowered its fiscal 2023 revenue growth forecast to "low-to-mid single-digit" from an earlier forecast of 9% to 11% growth, sending its shares down 5% in after-market trading. (This story has been refiled to fix syntax in the headline)Reporting by Yuvraj Malik in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
☆ All sectors of the economy are becoming more IT-centric, says technology company
  + stars: | 2023-02-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll sectors of the economy are becoming more IT-centric, says technology companyFrancois Locoh-Donou of F5 says "cybersecurity is going to be a trend that continues for the next several years or so."
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