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Shares of technology outsourcing and consulting giant Accenture have been on a tear lately, with the company bulking up its insurance offerings. Trefis thinks Accenture's acquisition of Duck Creek Technologies could give it a boost, but maintains its price estimate for now.
Trefis has raised its expectations for SAP's stock price based on some of the German enterprise-software company's new businesses.
Last week, IBM announced its Intelligent Operations Center for Smarter Cities, aimed at providing in one easy package a software platform for cities to use in monitoring and managing city resources. Trefis sees this as a potentially huge boost IBM's lucrative middleware business.
SAP showed healthy revenue growth in its recently announced first quarter earnings, but operating profits increased by far less. Why? Because the company is putting more money into operating expenses and R&D, which sets it up for bigger profits in the longer term.
The U.S. services sector is growing strong, providing additional evidence that the U.S. economy is recovering and might not need more stimulus funding. But that's contingent upon oil staying below $120 per barrel.
Microsoft Chairman Bill Gates has cut his stake in the world's largest software maker -- which he co-founded -- by 13% over the past year, InformationWeek reported. In the last five years, the company has delivered far lower returns than Apple or Oracle.
The European Commission on Wednesday approved Intel's $7.68 billion acquisition of security-software company McAfee. Regulators had been concerned that the deal would exclude competing software from working with Intel processors, but Intel agreed to maintain interoperability.
The outlook for IT spending this year is looking up. Research firm Gartner said Thursday it expects revenue to grow 5.1% from 2010, an increase from a previous forecast of 3.5% growth.
Oracle, one of the world's biggest software companies, on Thursday posted fiscal second-quarter earnings that grew 28% year over year. It's the latest sign that companies are spending more on technology.
On-demand-software giant Salesforce.com just acquired a cloud software startup called Heroku for $212 million in cash. That's par for the course these days as cloud computing goes from buzzword to reality. And venture capitalists are flocking to put money into the next Heroku.

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SymbolLastChange / %Volume

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BAC
Bank of America Corp
8.10-0.09
-1.04%
149.19M
ALU
Alcatel-Lucent (ADR)
2.20+0.26
+13.40%
94.27M
PBR
Petroleo Brasileiro S.A. (ADR)
29.60-2.39
-7.47%
23.82M
GE
General Electric Company
18.92-0.22
-1.12%
23.49M

% Gainers

CIE
Cobalt International Energy
32.67 +8.77
+36.69%
13.67M
LNKD
LinkedIn Corp.
88.72 +12.33
+16.14%
8.26M
ALU
Alcatel-Lucent (ADR)
2.20 +0.26
+13.40%
94.27M
WNS
WNS (Holdings) Limited (ADR)
10.56 +1.16
+12.34%
2.64M

% Losers

KV-B
K-V Pharmaceutical Co. Class B
2.16-0.47
-17.87%
3,679
KV-A
K V Pharmaceutical Co. Class A
2.17-0.44
-16.86%
1.06M
NBG-A
National Bank of Greece SA (ADR)
5.71-1.04
-15.41%
79,114
OC-B
Owens Corning (Warrant) 'B'
2.27-0.38
-14.34%
12,194
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