Technology

Salesforce (NYSE:CRM) Q4 2023 revenue of $8.38 billion, up 14% year-over-year

/ / Technology /

March 1, 2023 – Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fourth quarter and full fiscal year ended January 31, 2023. Salesforce (NYSE: CRM) reported fiscal Q4 diluted earnings  of $1.68,Analysts polled by Capital IQ expected $1.36. Revenue for the quarter was $8.38 billion, Analysts surveyed by Capital IQ expected $7.99 billion. The company said it expects Q1 adjusted earnings of $1.60 to $1.61 on revenue of $8.16 billion to $8.18 billion. Analysts polled by Capital IQ are looking for adjusted earnings of $1.32 on revenue of $8.03 billion. The company said it expects full fiscal 2024 adjusted earnings of $7.12 to $7.14 on revenue of $34.5 billion to $34.7 billion. Analysts surveyed by Capital IQ are expecting adjusted earnings of $5.87 on revenue of $34.13 billion. Fourth Quarter Revenue of $8.38 Billion, up 14% Year-Over-Year. Revenue: Total fourth quarter revenue was $8.38 billion, an

Salesforce (NYSE:CRM) Q4 2023 revenue of $8.38 billion, up 14% year-over-year Read Post »

Snowflake(NYSE:SNOW) Q4 2023 revenue was $589.0 million,up 53% year-over-year

/ / Technology /

March 1, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its fourth quarter and full-year of fiscal 2023, ended January 31, 2023. Snowflake (NYSE: SNOW) reported non-GAAP Q4 net income of $0.15 per share, Analysts polled by Capital IQ, on average, had been expecting the data-management company to earn $0.05 per share, excluding one-time items. Revenue rose 54% year-over-year to $555.3 million during the three months ended Jan. 31. The analyst mean had been expecting $575.5 million in Q4 revenue. Looking forward, the company is projecting between $568 million to $573 million in Q1 revenue. The Street view is expecting $714.9 million in revenue for the three months ending April 30. Revenue for the quarter was $589.0 million, representing 53% year-over-year growth. Product revenue for the quarter was $555.3 million, representing 54% year-over-year growth. Remaining performance obligations were $3.7 billion, representing 38% year-over-year growth. Net revenue

Snowflake(NYSE:SNOW) Q4 2023 revenue was $589.0 million,up 53% year-over-year Read Post »

Okta Inc.(NASDAQ:OKTA) Q4 2023 revenue was $510 million, up 33% year-over-year

/ / Technology /

March 1, 2023 – Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its fourth quarter and fiscal year ended January 31, 2023. Okta, Inc. (Nasdaq: OKTA) reported fiscal Q4 non-GAAP diluted earnings of $0.30 per share, Analysts polled by Capital IQ expected $0.09. Revenue for the quarter that ended Jan. 31 was $510 million,Analysts surveyed by Capital IQ expected $489.6 million. The company said it expects Q1 non-GAAP earnings of $0.11 to $0.12 on revenue of $509 million to $511 million, versus the average analyst estimates compiled by Capital IQ for a loss of $0.01 per share on sales of $498.3 million, respectively. The company expects full-year fiscal 2024 non-GAAP earnings of $0.74 to $0.79 on revenue of $2.16 billion to $2.17 billion, compared with the average analyst estimates compiled by Capital IQ of $0.31 a share on revenue of $2.17 billion, respectively. Fourth Quarter Fiscal 2023

Okta Inc.(NASDAQ:OKTA) Q4 2023 revenue was $510 million, up 33% year-over-year Read Post »

HP Inc. (NYSE:HPQ) Q1 2023 net revenue of $13.8 billion,down 18.8% year-over-year

/ / Technology /

Feb. 28, 2023 – HP Inc. (NYSE:HPQ) Reports Fiscal 2023 First Quarter Results. HP Inc. (NYSE:HPQ) reported fiscal Q1 diluted net earnings  of $0.75 per share, Analysts polled by Capital IQ expected $0.75. Revenue for the quarter was $13.83 billion, Analysts surveyed by Capital IQ expected $14.17 billion. For fiscal Q2, the company expects non-GAAP EPS of $0.73 to $0.83. Analysts polled by Capital IQ project $0.76. For fiscal 2023, the company continues to expect non-GAAP EPS of $3.20 to $3.60. Analysts surveyed by Capital IQ are looking for $3.29. First quarter GAAP diluted net earnings per share (“EPS”) of $0.49, within the previously provided outlook of $0.47 to $0.57 per share. First quarter non-GAAP diluted net EPS of $0.75, within the previously provided outlook of $0.70 to $0.80 per share. First quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends. HP Inc.’s fiscal 2023

HP Inc. (NYSE:HPQ) Q1 2023 net revenue of $13.8 billion,down 18.8% year-over-year Read Post »

Zoom(NASDAQ:ZM) Q1 2024 business outlook

/ / Technology /

February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, update Financial Outlook The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS and revenue of $3.67 and $4.63 billion, respectively. Financial Outlook: Zoom is providing the following guidance for its first quarter of fiscal year 2024 and its full fiscal year 2024. First Quarter Fiscal Year 2024: Total revenue is expected to be between $1.080 billion and $1.085 billion and revenue in constant currency is expected to be between $1.097 billion and $1.102 billion. Non-GAAP

Zoom(NASDAQ:ZM) Q1 2024 business outlook Read Post »

Zoom(NASDAQ:ZM) Q4 2023 total revenue of $1,117.8 million, up 4% year over year

/ / Technology /

February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ:ZM), a leading provider of video-first unified communications, today announced financial results for the fourth quarter and fiscal year ended January 31, 2023. Zoom Video Communications (ZM) reported fiscal Q4 adjusted earnings late Monday of $1.22, down from $1.29 a year earlier. Analysts polled by Capital IQ forecast $0.82. Revenue for the quarter ended Jan. 31 was $1.12 billion, up from $1.07 billion a year earlier. Analysts surveyed by Capital IQ projected $1.10 billion. The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS

Zoom(NASDAQ:ZM) Q4 2023 total revenue of $1,117.8 million, up 4% year over year Read Post »

Piper Sandler: Raised Unity Software (NYSE:U) price target to $43 Maintain an overweight rating

/ / Technology / ,

Piper Sandler raised its price target on Unity Software (NYSE:U) to $43 from $33 and maintained its overweight rating on the stock. The analyst told investors in a research note that tight cost controls coupled with the merger with ironSource helped the company turn a profit for the first time in the fourth quarter. The analyst said Unity’s proposed outlook for 2023 would be 53 percent growth, meaning there aren’t too many issues and even if standalone Unity business declines year-over-year, the median revenue of $2.125 billion seems achievable.

Piper Sandler: Raised Unity Software (NYSE:U) price target to $43 Maintain an overweight rating Read Post »

Intel CEO responds to 3nm delay rumors that projects have been announced and will all be released in 2024

/ / Technology /

According to industry sources, Intel decided to postpone TSMC’s 3nm chip orders to the fourth quarter of 2024. Therefore, some users believe that new processor products based on Intel 3 and TSMC N3 processes will be delayed. In this regard, Intel CEO Pat . Kissinger said all the 3nm projects that have been announced so far will be released in 2024. At present, Intel has disclosed three products that will use 3nm-level processes, including the Arrow Lake, Granite Rapids and Sierra Forest series.

Intel CEO responds to 3nm delay rumors that projects have been announced and will all be released in 2024 Read Post »

Scroll to Top