Salesforce settles with activist shareholder, does peace return?
Salesforce is engaged in a hefty battle at the board level with several activist shareholders. These believe that Salesforce is performing far below its potential and that things must improve. Revenue and especially profit needs to go up. One of the demands of Elliot Management, the largest activis... Read more
Visma aims to grow further after positive 2022 annual results
Visma has presented its annual figures for 2022. The organization's sales rose to 2.1 billion euros last year. The favorable sales figures are reason enough for the SaaS provider to want to grow further this year as well.
According to its annual report, the international Visma Group had an excel... Read more
Salesforce reports another blockbuster quarter
The company saw its shares surge during after-hours trading following the news. Salesforce's latest earnings report showed earnings before costs of $1.68 per share, up from 84 cents during the same quarter last year, surpassing analysts' estimated adjusted earnings per share of $1.36 on revenue of ... Read more
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
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
Samsung’s profits set to dip by 25%, first decline in three years
Analysts expect the Q3 earnings of Samsung Electronics to drop by 25 percent, the first year-on-year decline in almost three years. Economic slowdown dampens demand for electronic devices and the processors that run them.
Inflation is rising worldwide, central banks are rapidly raising interest ... Read more
Salesforce CEO wants to double revenue by 2026
Salesforce co-CEO Marc Benioff told Bloomberg that the organization intends to acquire more companies in the near future. In addition, Salesforce disclosed an ambitious revenue strategy and plans to further integrate previously acquired companies into its portfolio.
At a Q&A with Bloomberg ... Read more
Huawei records first sales growth in years
Huawei's revenue rose for the first time in years. The organization struggled with trade bans in the United States and Europe since 2018. Earnings declined over time, but the most recent quarter was surprisingly strong.
Revenue rose to 170.6 billion yuan (about €25 billion), up 1 percent year... Read more
Deutsche Telekom beats expectations with quarterly results
Deutsche Telekom raised its annual projection for the second time and reported quarterly profit above expectations on Thursday. The results were boosted by strong sales from its US T-Mobile unit and European businesses.
Earnings before interest, tax, depreciation, and amortization after leases ... Read more
Aircall again earns over $100 million in annual revenue
Call center software company, Aircall has reportedly topped 100 million dollars in annual recurring revenue.
Aircall reported annual recurring revenue of over $100 million and plans to grow in Madrid and Singapore as it prepares for a potential stock market IPO.
In addition, Aircall stated th... Read more