Category: first quarter

Oracle co-CEO Mark Hurd takes leave of absence, citing health reasons

Oracle co-CEO Mark Hurd takes leave of absence, citing health reasons

Oracle co-CEO Mark Hurd takes leave of absence, citing health reasons 1
Oracle Corp.’s co-chief executive officer Mark Hurd (pictured) is taking a leave of absence from the company due to health reasons. His duties will be assumed by co-CEO Safra Catz and Oracle cofounder and Chief Technology Officer Larry Ellison. In a note to employees Wednesday, Hurd said he’d requested time off to focus on his […]

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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 2
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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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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Twilio’s revenue shoots up 80% as it easily beats targets

Twilio’s revenue shoots up 80% as it easily beats targets

Twilio’s revenue shoots up 80% as it easily beats targets 4
Cloud communications services company Twilio Inc. is back on track after beating its first-quarter profit and revenue targets. The company, which disappointed investors in the last quarter with its poor full year guidance, reported earnings before certain costs such as stock compensation of 5 cents per share on revenue of $233.1 million, up 81% from […]

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Twilio sees its revenue grow 80% as it easily beats targets

Twilio sees its revenue grow 80% as it easily beats targets

Twilio sees its revenue grow 80% as it easily beats targets 5
Cloud communications services company Twilio Inc. is back on track after beating its first quarter earnings and revenue targets. The company, which disappointed investors in the last quarter with its poor full year guidance, reported earnings before certain costs such as stock compensation of 5 cents per share on revenue of $233.1 million, up 81% […]

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ServiceNow smashes profit expectations once again

ServiceNow smashes profit expectations once again

ServiceNow smashes profit expectations once again 6
Enterprise software company ServiceNow Inc. continued its run of successive strong quarterly financial performances today with another set of results that blew past expectations. Earnings before certain costs such as stock compensation came to 67 cents per share, easily surpassing Wall Street’s forecast of 54 cents per share. The company, which sells information technology service […]

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