Collaborate Disseminate
Despite record-setting COVID-19 infections, American equities rose today. All major indices gained ground during regular trading, while tech stocks did even better. The Nasdaq Composite set new 52-week and all-time highs, touching 10,462.0 points before closing at 10,433.65, up 2.21% on the day. Similarly, a basket of SaaS and cloud companies that has risen and […] Continue reading Tech shares set fresh records despite uncertain economy
As the pandemic surged and companies moved from offices to working at home, they needed tools to ensure the continuity of their business operations. SaaS companies have always been focused on allowing work from anywhere there’s access to a computer and internet connection, and while the economy is reeling from COVID-19 fallout, modern software companies […] Continue reading SaaS earnings rise as pandemic pushes companies more rapidly to the cloud
Today after the bell, video-chat service Zoom reported its Q1 earnings. The company disclosed that it generated $328.2 million in revenue, up 169% compared to the year-ago period. The company also reported $0.20 per-share in adjusted profit during the three-month period. Analysts, as averaged by Yahoo Finance, expected Zoom to report $202.48 million in revenue, […] Continue reading Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue
In spite of a positive quarter with record revenue that beat analyst estimates, Salesforce stock was taking a hit today because of lighter guidance. Wall Street is a tough audience. The stock was down $8.29/share or 4.58% as of 2:15 pm ET. The guidance, which was a projection for next quarter’s earnings, was lighter than […] Continue reading Salesforce stock is taking a hit today after lighter guidance in yesterday’s earning’s report
There’s something to be said for consistency through good times and bad, and one company that has had a staggeringly consistent track record is international data center vendor, Equinix. It just recorded its 69th straight positive quarter, according to the company. That’s an astonishing record, and covers over 17 years of positive returns. That means […] Continue reading Equinix just recorded its 69th straight positive quarter
It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across the cloud infrastructure market bore […] Continue reading In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars
Apple reports 1% increase in revenue, with revenue for iPhone, Mac, and iPad declining year-over-year. It did, however, report an all-time high revenue for its Services business, with Wearables experiencing a substantial growth.
The post Services and … Continue reading Services and Wearables Drive Apple Revenue Gain
It’s earning season again and for Q3 FY, Q1CY, Microsoft reported earnings of 35 billion in revenue with a Net Income of $10.8 billion. Operating Income during the period was 13 billion with EPS of $1.40.
The post Microsoft Reports Strong Financial Growth Amid Global Pandemic appeared first on Petri.
Continue reading Microsoft Reports Strong Financial Growth Amid Global Pandemic
When Keith Block joined Salesforce from Oracle in 2013, the CRM giant was already a successful SaaS vendor on a billion dollar quarterly revenue cadence. When the co-CEO announced he was stepping down yesterday, the company reported revenue of $4.9 billion for the quarter. During his tenure, the company’s revenue more than quadrupled, earning an […] Continue reading As Block exits, Salesforce forecasts it will surpass $20B in revenue in FY2021
Alibaba issued its latest earnings report yesterday, and as part of that the Chinese eCommerce giant reported that cloud revenue grew 62% to $1.5 billion U.S., crossing the RMB10 billion revenue threshold for the first time. Alibaba also announced that it had completed its migration to its own public cloud in the most recent quarter, […] Continue reading Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate