SAP’s AI push leads to higher quarterly revenue in first quarter 2024
SAP's focus on delivering more AI services to ease customers' cloud ERP transition seems to be paying off. In the first quarter of this year, the company saw its revenue increase.
In the first quarter, SAP saw its revenue increase to 8.04 billion euros, eight percent more than in the same quarte... Read more
2024 ‘transition year,’ ASML states after disappointing quarterly results
In the first quarter, ASML failed to meet analysts' financial expectations. However, the company's CEO Peter Wennink stresses that 2024 is a "transition year", and the overall guidance for the year remains unchanged.
Sales for Q1 2024 brought in 5.29 billion euros, significantly less than a quar... Read more
SentinelOne expands customer base, but shareholders pull away
SentinelOne made 38 percent more profit last quarter than at the end of fiscal 2023, bringing the total figure to $172.4 million. Shareholders still had to surrender 2 cents per share. With the release of the figures, SentinelOne closes out fiscal year 2024.
The release of SentinelOne's quarter... Read more
Cloud deals and GenAI drive Oracle’s higher quarterly revenue
Strong growth in cloud and GenAI infrastructure sales delivered Oracle a slightly higher revenue in the third quarter of fiscal 2024. Overall, quarterly revenue rose 7 percent to 12.17 billion euros ($13.3 billion). Net sales rose 18 percent to a total of about 2.2 billion euros ($2.4 billion).
... Read more
Earnings roundup: Salesforce, Nutanix, Okta and more
Many tech companies presented their quarterly results this week. In this round-up: Salesforce, Nutanix, Okta, HP, Splunk and Pure Storage.
Salesforce managed to present better quarterly figures than analysts had predicted. Still, expected revenue for the coming year was below expectations. The r... Read more
Proximus achieves strong growth despite TeleSign’s challenges
Proximus has again welcomed new customers in all its essential services. According to the telecom company's CEO, the latest quarterly figures are "Excellent commercial results." But that excludes the results of TeleSign, which operates internationally but is also part of the Proximus Group.
Pro... Read more
Arm expects to earn big from AI PCs and smartphones this year
Arm expects to earn handsomely from a strong interest in AI this year. Softbank's share price benefited last week from Arm's good financial outlook. Softbank is the chip technology specialist's largest shareholder.
In its financial results for the third fiscal quarter of 2024, Arm indicated the... Read more
Samsung operating profit falls nearly 35 percent: thinks AI is the solution
Samsung had a difficult task to accomplish during its quarterly earnings presentation. Indeed, the figures were its worst in 15 years. Its fourth-quarter operating profit went down 34.57 percent in comparison with 2022.
Samsung's reported operating profit from the past quarter could not make in... Read more
Do the AI promises from Microsoft, Google and AMD pay off?
Microsoft, Google and AMD recently presented quarterly results for the final quarter of 2023. That year was dominated by AI for these companies, as it was for many others in the IT industry. A lot of promises have been made around that technology, and shareholders expect to see some of that in the ... Read more
Apple sells far fewer Macs than before
Apple is suffering from disappointing sales of its Mac laptops and desktops. This is evident from recent quarterly figures recently presented by the tech giant. iPhone sales, however, are on the rise.
Figures for the fourth fiscal quarter of this year show that sales of Mac laptops and desktops ... Read more