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 […]
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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Things are looking up for the cloud storage company Dropbox Inc., which not only beat forecasts on first-quarter earnings and revenue but also persuaded its customers to pay more for its storage and other services, boosting its average revenue per user. The company, which began life as a free cloud storage service but now offers […]
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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 […]