Salesforce Guides For Q1 Revenue of $9.12-$9.17 Billion, Vs CIQ Analyst Consensus of $9.14 Billion: FY 2025 Revenue Seen at $37.7-$38 Billion, Vs Consensus of $38.6 Billion.
Salesforce Share Repurchase Program Authorization Increased by $10 B.
Salesforce Share Repurchase Program Authorization Increased by $10 B Read Post »
Salesforce Sees FY24 Subscription & Support Rev Growth Guidance About 10% Y/Y.
Salesforce Sees FY24 Subscription & Support Rev Growth Guidance About 10% Y/Y Read Post »
SNOWFLAKE Reports Q4 EPS $0.35, vs. Street Est of $0.18.
SNOWFLAKE Reports Q4 EPS $0.35, vs. Street Est of $0.18 Read Post »
Salesforce Inc (NYSE:CRM) reported fourth-quarter financial results Wednesday after the bell. Here’s a look at the key metrics from the quarter. Q4 Earnings: Salesforce’s fourth-quarter revenue increased 11% year-over-year to $9.29 billion, which beat the consensus estimate of $9.22 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of $2.29 per share, which beat analyst estimates of $2.26 per share. Operating margin came in at 17.5% for the fourth quarter. Cash flow from operations was up 22% year-over-year to $3.4 billion, and free cash flow was up 27% to $3.26 billion. The company ended the quarter with remaining performance obligations of $56.9 billion, up 17% year-over-year. Salesforce’s board declared its first-ever cash dividend of 40 cents per share, payable on April 11 to shareholders of record as of March 14. The company’s board also increased its share repurchase program by $10 billion. “With our trusted, unified Einstein 1 Platform, we’re
Salesforce Q4 Earnings: Revenue Beat, EPS Beat, ‘Well Positioned’ For AI Boom And More Read Post »
HP Sees 2Q Adj EPS 76c-Adj EPS 86c.
HP Sees 2Q Adj EPS 76c-Adj EPS 86c Read Post »
HP Inc. Reports Fiscal 2024 First Quarter Results PALO ALTO, Calif, Feb. 28, 2024 (GLOBE NEWSWIRE) — HP (NYSE: HPQ) — First quarter GAAP diluted net earnings per share (“EPS”) of $0.62, within the previously provided outlook of $0.60 to $0.70 per share — First quarter non-GAAP diluted net EPS of $0.81, within the previously provided outlook of $0.76 to $0.86 per share — First quarter net revenue of $13.2 billion, down 4.4% from the prior-year period — First quarter net cash provided by operating activities of $121 million, free cash flow of $25 million — First quarter returned $0.8 billion to shareholders in the form of share repurchases and dividends HP Inc.’s fiscal 2024 first quarter financial performance Q1 FY24 Q1 FY23 Y/Y ——————————————- ——- GAAP net revenue ($B) $ 13.2 $ 13.8 (4.4)% GAAP operating margin 7.1% 5.4% 1.7 pts GAAP net earnings ($B) $ 0.6 $ 0.5
HP Inc. Reports Fiscal 2024 First Quarter Results Read Post »
By Denny Jacob HP revenue declined at a lower rate for the third consecutive quarter, a sign the company believes points to market stabilization as it expects the PC market to grow in 2024. The computer and printer maker logged earnings of $622 million, or 62 cents a share, for the first quarter ended Jan. 31, up from $469 million, or 47 cents a share, a year earlier. Adjusted earnings were 81 cents a share, matching analysts’ estimates. Revenue declined 4.4%, to $13.19 billion, from $13.8 billion. Analysts polled by FactSet expected $13.56 billion. “We continue to see…a more stable but still volatile environment,” Chief Executive Enrique Lores said in an interview. Personal systems revenue declined 4%, to $8.81 billion, from a year earlier, while print revenue tumbled 5%, to $4.38 billion, during the same period. Lores noted that for PCs, the Palo Alto, Calif.-based company saw more pressure on
HP 1Q Revenue Declines at Lower Rate as Market Appears to Stabilize Read Post »
Snowflake Reports 461 Customers With Trailing 12-Month Product Revenue Greater Than $1 Million, Vs Visible Alpha Analyst Consensus of 463.
Snowflake: Sees 1Q FY25 Pdt Rev $745M – $750M, Up 26% – 27% .
Snowflake: Sees 1Q FY25 Pdt Rev $745M – $750M, Up 26% – 27% Read Post »
HP Posts Q1 Revenue $13.2B, vs. Street Est of $13.592B.
HP Posts Q1 Revenue $13.2B, vs. Street Est of $13.592B Read Post »
Snowflake (SNOW) reported fiscal Q4 non-GAAP net income Wednesday of $0.35 per share, up from $0.14 a year earlier. Analysts polled by Capital IQ expected $0.18. Revenue for the quarter ended Jan. 31 was $774.7 million, up from $589.0 million a year earlier. Analysts surveyed by Capital IQ expected $759.6 million. The company said it expects fiscal Q1 product revenue of $745 million to $750 million. Snowflake said in a separate release that Chief Executive Frank Slootman has decided to retire and Sridhar Ramaswamy was appointed as chief executive, effective immediately. Ramaswamy previously served as senior vice president of AI at Snowflake, according to the company. Slootman will remain as chairman of the board, Snowflake added. The company’s shares were down over 23% in after market activity.
Snowflake Fiscal Q4 Earnings, Revenue Increase; CEO Slootman to Retire Read Post »