Tag: quarterly results

Here you will find all the articles with the tag: quarterly results.

Sumo Logic exceeds expectations for sixth quarter in a row

Sumo Logic exceeds expectations for sixth quarter in a row

Sumo Logic's share price rose more than 11 percent after the company's third-quarter results exceeded Wall Street's expectations. The numbers feed a positive outlook for the fourth quarter. Sumo Logic offers a cloud-based platform for observability and app performance management. The firm recent... Read more

date14 hours ago
GitLab posts solid third-quarter results

GitLab posts solid third-quarter results

GitLab posted solid results for the third quarter of this year. Revenue totalled €108 million ($113 million). DevOps professionals continue to value the company's software. GitLab managed to book €108 million ($113 million) in sales in the third quarter of 2022, up 69 percent from the same p... Read more

date16 hours ago
Co-CEO Taylor leaves Salesforce, Benioff stands alone

Co-CEO Taylor leaves Salesforce, Benioff stands alone

Salesforce co-CEO Bret Taylor is stepping down at the end of January 2023. Marc Benioff will become the sole CEO. The precise reason for Taylor's departure was not disclosed. Salesforce did emphasize that the executive is leaving on his own initiative. Taylor, who has been responsible for Sales... Read more

date6 days ago
HP announces mass layoffs amid market slump

HP announces mass layoffs amid market slump

Market conditions prompted HP to significantly cut its global workforce. The organization announced a round of layoffs affecting up to 10 percent of its personnel. The PC market is in a slump. Various manufacturers posted disappointing quarterly results. HP is feeling the pressure. The organizat... Read more

date14 days ago
VMware posts increase in SaaS and subscription revenue

VMware posts increase in SaaS and subscription revenue

VMware posted a slight increase in revenue in its third financial quarter. Total sales ($3.2 billion) were less than analysts expected. The organization is increasingly driven by revenue from SaaS solutions and subscriptions. VMware recently announced its third fiscal quarter results. Revenue ro... Read more

date14 days ago
Dell reports strong third quarter due to server demand

Dell reports strong third quarter due to server demand

Dell Technologies posted a sharp increase in operating income in its third fiscal quarter. High demand for server and networking equipment compensated for lower PC sales. The organization noted an impressive operating income of €1.75 billion ($1.8 billion) in its most recent quarterly report, ... Read more

date14 days ago
Datadog posts quarterly revenue growth of 61 percent

Datadog posts quarterly revenue growth of 61 percent

Datadog posted revenue of $437 million in its latest quarter, up 61 percent from the same period last year. The revenue exceeded analyst expectations of $412 million. CEO Olivier Pomel said the sales resulted from strong product adoption and opportunities among new customers. Datadog witness... Read more

date30 days ago
Fortinet posts revenue growth of 30 percent

Fortinet posts revenue growth of 30 percent

Fortinet posted a 33 percent revenue increase in the third quarter. Sales totalled €1.17 billion ($1.15 billion). Both products and services grew. Fortinet presented revenue of €1.17 billion in the third quarterly report of 2022. In the same quarter last year, revenue was still at $887 mill... Read more

date1 month ago
AMD sells more datacenter processors in third quarter

AMD sells more datacenter processors in third quarter

AMD's sales increased to €5.6 billion in the third quarter of this year. The revenue of embedded, gaming and datacenter processors rose sharply. Like Intel, AMD sold fewer processors in the PC segment. AMD's sales grew to €5.6 billion in the third quarter of 2022, up 29 percent from the sam... Read more

date1 month ago
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