CEO pledges to reduce expenses by $1 billion through a reorganization that will include job cuts and early retirement for some workers.

The intelligent power management software company has also raised an additional $12 million in funding.

Acquires local provider GPX’s network-dense two-data center campus

NextDC, its portfolio company, has surged 83% this year amid increased demand for data storage services.

The move to expand its operations within EU borders is part of a global effort to prove itself a responsible internet citizen and a trustworthy service provider.

It was the worst showing on a US exchange this year for an IPO raising $100 million or more, according to data compiled by Bloomberg.

Source: its dependence on the Mexican government as a client might dampen investor interest and reduce its potential valuation.

While the major cloud providers are making more money thanks to a surge in cloud usage, Amazon's CFO emphasized that a key focus now is to help users save money and utilize only the services they need.