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Technology Shares Climb Amid Shift Toward Risk -- Tech Roundup

09/23/2021 | 05:25pm EDT

Shares of technology companies rose amid risk-on trading.

Shares of Salesforce.com rose more than 7% after the business software company boosted its full-year sales forecast as Covid-19 continues to help accelerate companies' shift to cloud-based services.

Blackberry shares also jumped after it reported better-than-expected second-quarter results.

Dell Technologies is planning a $5 billion share-repurchase program and projected revenue growth of up to 4% annually through fiscal 2026 as it nears the spinoff of its majority stake in VMware in November. The company also plans to start paying dividends to shareholders in the fiscal quarter that will run through April 2022. Dell is targeting dividends of about $1 billion a year, it said.

Microsoft announced several new devices from its Surface lineup as a reporting change makes clear that hardware is but a small piece of the software giant's growing pie.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

09-23-21 1724ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.09% 35294.76 Delayed Quote.14.07%
MICROSOFT CORPORATION 0.48% 304.21 Delayed Quote.36.77%
VMWARE, INC. 2.65% 156.39 Delayed Quote.11.50%
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