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San Francisco, California-based enterprise cloud computing applications provider $CRM said deferred revenue grew to nearly $4.3Bil in 4Q16, which was up 31%. Quarterly operating cash flow grew 38% to nearly $460MM, which exceeded expectations. Full year operating cash flow was $1.6Bil, up 37%.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.