that it is selling its U.S. state and local health and human services business to Veritas Capital for $5 billion in cash. The sale is expected to close no later than December 2020. "Throughout this process, we will continue to closely engage with all of our stakeholders to ensure that we meet our commitments and provide a seamless transition for our customers and our people," DXC President and CEO Mike Salvino said in a statement.
— The software company's stock soared 11% in extended trading after the company beat analysts' estimates on revenue in the fourth quarter. The company reported revenue of $211.6 million, while analysts polled by Refinitiv estimated $201.8 million. However, Cloudera reported a bigger loss than expected. The company said it had a loss of 22 cents per share excluding some items, while analysts had expected a loss of only 3 cents per share.
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