Emerson sharpens automation focus with offer for rest of AspenTech in $15 billion deal
:Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, sharpening its focus on industrial automation.The company in 2021 merged its software units with smaller rival Aspen Technology to own about 55 per cent in the combined entity.Emerso
5 Nov 12:13 · CNA
Data analytics firm Palantir jumps as AI boom powers robust software adoption
Palantir shares jumped over 12 per cent on Tuesday after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the artificial intelligence boom was fueling demand for its services.The company is among the biggest stock market winners of the gene
5 Nov 11:50 · CNA
Palantir shares surge to record as AI boom powers forecast raise
:Palantir shares jumped over 17 per cent to hit a record high on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the AI frenzy was fueling demand for its services.The company is expected to add $15.8 billion to its market value,
5 Nov 11:50 · CNA
Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus
:Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.The company in 2021 merged its software units with smaller rival Aspen Technology and took control of about 55 per cent of
5 Nov 12:13 · CNA
Data analytics firm Palantir jumps as AI boom powers software adoption
:Palantir shares jumped more than 14 per cent before the bell on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the AI frenzy was fueling demand for its services.The company is among the biggest winners of the generative artifi
5 Nov 11:50 · CNA
Emerson proposes to acquire remaining shares of AspenTech at $240 apiece
:Emerson Electric made a proposal on Tuesday to acquire the stake it does not already own in AspenTech for $240 per share in cash, doubling down on its industrial automation push.The proposal values AspenTech at $15.1 billion on an enterprise basis, Emerson said.Emerson already owns about 55 per cent o
5 Nov 12:13 · CNA
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
:Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.Shares of the data analytics company rose about 13 per cent in extended trad
4 Nov 21:08 · CNA
last updated on 5 Nov 23:27