Fortinet stock rises after topping analysts’ expectations with Q1 earnings
Fortinet's stock soared in late trading after the cybersecurity firm's latest quarterly earnings report topped expectations.
Fortinet announced a profit before expenditures such as stock compensation of $155.1 million, or 94 cents per share, for the quarter ended March 31, up from $164.2 million... Read more
HP surfs PC sales wave to beat earnings and revenue targets
The company's report for Q1 2022 blows past analysts' estimates and paints a very rosy forecast for the rest of the year.
HP, the PC and printer giant, this week announced a big jump in fiscal first-quarter PC sales and overall revenue. It also offered strong guidance for the next quarter and fi... Read more
Dell Technologies posts record revenue
Dell Technologies scored record sales in the past fiscal year. The growth is driven by companies' increasing demand for PCs, laptops and digital transformation.
The tech giant booked record sales of over 90 billion euros ($101.2 billion) -- a 17 percent increase from the year before. Profit came... Read more
ServiceNow exceeds Wall Street predictions with 30% revenue growth
ServiceNow exceeded expectations on earnings and revenue as it completed several significant transactions, actions that led to its stock soaring 10% in extended trading. ServiceNow reported it made a profit before some costs (like stock compensation) of $1.49 per share on revenue of $1.629 billion.... Read more
Atos issues profit warning, shares slide by as much as 15%
Atos, issued a profit warning on Monday, marking the second time in seven months the company has had to do so. Shares predictably plummeted to their lowest level since mid-2012.
The company’s latest profit warning arrived just several days after the new CEO Rodolphe Belmer, appointed in Octobe... Read more
VMware’s Q4 profits forecasts above Wall Street expectations
VMware predicts Q4 adjusted profits above Wall Street expectations, driven by the global demand for cloud computing. The vendor’s forecast for the fourth quarter expects adjusted profits of $1.96 per share, above analysts’ expectations of $1.89 per share.
The company made the forecast, sayin... Read more
Dell set record revenue from PC and data center demand
Dell Technologies delivered the best Q3 performance in its history after experiencing a demand surge for personal computers and data centers infrastructure. The company released the report on Tuesday, showing a profit (before certain costs like stock compensation) of $2.015 billion.
That number ... Read more
Alphabet reports massive 65% gain for second quarter
Google's parent has performance that is putting its Big Tech rivals to shame.
Alphabet reported huge beats on its top and bottom lines for its first quarter of 2021, as well as a new $50 billion stock buyback, which boosted the shares more than 4% in after-hours trading.
The company's shar... Read more
Intel expects a 20% drop in data centre sales
Intel reported its Q1 2021 revenue ($19.7 billion), surpassing what analysts expected. However, it was not enough to prevent the price from slipping. The stock closed after going down by 1.77% and slipped down even more in after-hours trading.
Analysts had forecast that the revenue would be abou... Read more
Microsoft Cloud strength boosts second quarter results
The company closes FY21 Q2 with over $40 billion in revenue.
Microsoft this week announced results for its second quarter in fiscal year 2021. The quarter ended on December 31, 2020, and compared to the same period last year, the results were spectacular. Revenue was $43.1 billion, which reflect... Read more