“Services delivered its highest ever quarterly revenue and a return of over 30%. Clients continue to lean on our global network more and more – we saw a 13% increase in cross-border transactions and a 19% increase in deposits.”
– Jane Fraser, Chair & CEO
Quanta Services stock dropped Thursday after Goldman Sachs slashed its price target for the electrical infrastructure company, reflecting growing skepticism about the artificial-intelligence spending boom.
Cloud services firm Cloudflare saw millions of exploitation attempts after the public disclosure of critical vulnerabilities in the widely used programming language PHP, CEO Matthew Prince said in a post on X
Streaming services from Netflix to China’s Tencent now pay half of all fees to broadcast sports across Asia, underlining how digital services are upending traditional media around the world.