Category: earnings

Strong cloud growth helps boost Microsoft’s market cap over $1T again

Strong cloud growth helps boost Microsoft’s market cap over $1T again

Strong cloud growth helps boost Microsoft’s market cap over $1T again 1
Shares in Microsoft Corp. rose to a new record high after it beat analysts’ estimates on fourth-quarter revenue and profit, driven by growing sales from its cloud business. In fact, Microsoft saw strong growth across virtually all of its products as it reported earnings before certain costs such as stock compensation of $1.37 per share […]

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SAP stock falls as earnings come up short, but execs say it’s a blip

SAP stock falls as earnings come up short, but execs say it’s a blip

SAP stock falls as earnings come up short, but execs say it’s a blip 2
SAP SE missed estimates on both profit and revenue in its fiscal second quarter, sending its stock down nearly 5% in early trading, but the company blamed the shortfalls on uncertainty caused by trade tensions with China and said it’s on track to meet its forecasts for the full year. Revenue rose 11% year-over-year, to $6.66 […]

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Strong profit growth fails to cheer IBM investors as revenue slide drags on

Strong profit growth fails to cheer IBM investors as revenue slide drags on

Strong profit growth fails to cheer IBM investors as revenue slide drags on 3
IBM Corp.’s business continued to shrink in its fiscal second quarter, although its profit grew at a faster clip than analysts expected and the company reaffirmed its full-year earnings guidance. The news initially buoyed investors, but sentiment turned negative after the company’s earning call with analysts, sending shares down more than 1% after hours. Profit […]

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Oracle earnings outperform on cloud applications growth

Oracle earnings outperform on cloud applications growth

Oracle earnings outperform on cloud applications growth 4
Database giant Oracle Corp. delivered relatively strong fourth-quarter earnings today, beating estimates thanks in part to rapid growth in its Fusion and NetSuite cloud applications business. The company reported earnings before certain costs such as stock compensation of $1.16 per share on revenue of $11.1 billion, up 1% from the same period a year ago. Wall Street […]

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Adobe’s stock on the rise as it reports record revenue

Adobe’s stock on the rise as it reports record revenue

Adobe’s stock on the rise as it reports record revenue 5
Creativity software firm Adobe Inc. saw its shares rise more than 4% in after-hours trading today after posting second-quarter financial results that beat expectations. The company, which sells the popular Photoshop image editing tool as well as a range of cloud marketing technology services, reported earnings before certain costs such as stock compensation of $1.83 […]

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Investors dump Pivotal Software on poor outlook

Investors dump Pivotal Software on poor outlook

Investors dump Pivotal Software on poor outlook 6
Software development company Pivotal Software Inc. was hung out to dry by investors today after slashing its revenue targets for its second quarter and fiscal 2020, blaming what it said were “sales execution” issues and a “complex technology landscape.” The company’s stock plunged more than 28% in the after-hours trading session as investors decided enough […]

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Salesforce.com reassures jittery investors with solid results and raised estimates

Salesforce.com reassures jittery investors with solid results and raised estimates

Salesforce.com reassures jittery investors with solid results and raised estimates 7
Salesforce.com Inc. calmed investor concerns about slowing growth with solid fiscal first-quarter financial performance that eclipsed Wall Street estimates for both revenue and earnings. The company slightly lowered second-quarter earnings estimates but raised its full-year outlook to earnings of between $2.88 and $2.90 on revenue of between $16.1 billion and $16.25 billion for the year. […]

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Box takes another battering after lowering revenue guidance

Cloud storage company Box Inc. took a real battering today, with its stock falling almost 14% in after-hours trading. The reason for the drop was an updated full-year revenue outlook that fell well short of analysts’ estimates. Box actually did quite well in the quarter just gone. It reported a first-quarter loss before certain costs […]

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