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Palo Alto Networks forecasts quarterly billings above estimates May 20, 2024 04:17PM

(Reuters) - Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools.

The company expects fourth-quarter billings to be between $3.43 billion and $3.48 billion, the mid point of which is slightly above analysts' average estimate of $3.45 billion, according to LSEG data.

A surge in high-profile data and... (continue reading...)


Zoom Video raises full-year revenue forecast May 20, 2024 04:14PM

(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models.

The upbeat outlook suggests that Zoom's efforts to incorporate artificial intelligence (AI) into its offerings and broaden its range of services have been successful, capitalizing on the rise of hybrid work.The company introduced Zoom Workplace, an AI powered, open... (continue reading...)


Head of Russia-annexed Luhansk says Ukrainian shelling damages fuel depot May 20, 2024 03:58PM

(Reuters) - The head of Ukraine's Russia-annexed Luhansk region said on Monday that Ukrainian shelling had damaged a fuel depot and triggered a fire in the town of Dovzhansk.

It was the third such Ukrainian attack on depots in the region this month.

Leonid Pasechnik, writing on the Telegram messaging app, said Ukrainian forces had used cluster bombs in the attack on the town, called Sverdlovsk, its Soviet-era name, by the Russia-installed... (continue reading...)


US says it was 'unable' to provide Iran assistance after helicopter cash May 20, 2024 03:43PM

WASHINGTON (Reuters) - The United States on Monday said it had been unable, due largely to logistical reasons, to accept an Iranian request for assistance following a helicopter crash over the weekend that killed President Ebrahim Raisi, as Washington offered its condolences.

The rare request from Iran, which views the United States and Israel as its main adversaries, was disclosed by the State Department at a news briefing.

"We were... (continue reading...)


US, Saudis close to deal on bilateral agreement -White House May 20, 2024 03:35PM

By Steve Holland and Doina Chiacu

WASHINGTON (Reuters) - The United States and Saudi Arabia are close to a final agreement on a bilateral agreement after the U.S. national security adviser made significant progress in talks with the Saudis over the weekend, the White House said on Monday.

White House national security spokesperson John Kirby said the two sides are "closer than we've ever been" on an agreement that is now "near final."

... (continue reading...)

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