Quest Software Inc has received an improved bid from Dell Inc to buy the maker of enterprise management software for about $2.32 billion, a source close to the matter said on Monday.
Two bidders have recently been competing to buy Quest: a buyout group led by private investment firm Insight Venture Partners, and an undisclosed bidder.
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The Cheesecake Factory Incorporated (NASDAQ:CAKE) reported financial results for the second quarter of fiscal 2011, which ended on June 28, 2011. Total revenues were $430.7 million in the second quarter of fiscal 2011 as compared to $418.9 million in the prior year second quarter. Net income and diluted net income per share were $24.7 million and $0.42, respectively.
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Virtusa Corporation (NASDAQ:VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, announced that it will report its fiscal first quarter financial results for the three months ending June 30, 2011 after the U.S. financial markets close on Monday, August 1, 2011.