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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Here’s how the company defines each segment in its 10Q filing.

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Cannabis company Leafly completes 1-for-20 reverse stock split to avoid Nasdaq delisting

GeekWire

(Leafly Image) Seattle cannabis marketplace company Leafly this week completed a 1-for-20 reverse stock split, consolidating its shares in an effort to remain compliant with Nasdaq listing requirements. They are opposite from stock splitting, which is when public companies with high stock prices split up shares.

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Microsoft buys AI speech tech company Nuance for $19.7 billion

The Verge

Microsoft will pay $56 per share for Nuance, a 23 percent premium over the company’s closing price last Friday. The deal includes Nuance’s net debt. Nuance has licensed this tech for many services and applications, including, most famously, Apple’s digital assistant Siri. Last month, the company completed its $7.5

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SAP offers faster updates, longer maintenance for S/4HANA in private clouds

CIO Business Intelligence

The good news for SAP is that many of the customers adopting its cloud-based S/4HANA offering are net-new, meaning more market share. Customers who subsequently become dissatisfied with Rise will need to buy back their perpetual license if they want to stay on SAP’s platform.

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Leafly avoids Nasdaq delisting after meeting minimum price requirements

GeekWire

(Leafly Image) Seattle cannabis marketplace company Leafly announced Monday that it received formal notice from Nasdaq that it regained compliance with the stock exchange, averting a potential delisting due to a violation of a minimum bid price rule. The company reported second quarter revenue of $10.7 million in the year-ago period.

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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

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ACCO Brands will pay $340M to acquire Seattle-area game controller company PowerA

GeekWire

ACCO’s plans for PowerA in the future include leveraging development and supply chains between PowerA and its portfolio company Kensington, as well as expanding PowerA’s sales presence in Europe, the Middle East, and Africa. More importantly, the PowerA acquisition is part of a plan by ACCO to evolve its business.

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