Category: Q1

Investors dump Pivotal Software on poor outlook

Investors dump Pivotal Software on poor outlook

Investors dump Pivotal Software on poor outlook 1
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 […]

The post Investors dump Pivotal Software on poor outlook appeared first on SiliconANGLE.

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 […]

The post Box takes another battering after lowering revenue guidance appeared first on SiliconANGLE.

ServiceNow smashes profit expectations once again

ServiceNow smashes profit expectations once again

ServiceNow smashes profit expectations once again 3
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 […]

The post ServiceNow smashes profit expectations once again appeared first on SiliconANGLE.