Technology Focus: Welcome To Era of ‘Big Data’
The new investor bywords are big data. Initial public offerings last week for both Splunk (Nasdaq: SPLK) and Proofpoint (Nasdaq: PFPT) were smash hits because of it.
Established companies like International Business Machines Corp. (NYSE: IBM) and Microsoft (Nasdaq: MSFT), the world's biggest software company, reported better-than-expected quarterly reports because enterprises ordered more servers and software.
Last month, two other giants, Hewlett-Packard Co. (NYSE: HPQ) and Oracle (Nasdaq: ORCL), did the same.