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Tag: IT services

Business

HP Enterprise posts strong earnings, guidance higher

Drathby DrathMarch 3, 20230

Text size HP Enterprise provides server, network, storage and computing hardware. Time to dream Hewlett-Packard Enterprise released better-than-expected financial results for its fiscal first quarter …

Business

Zscaler shares fall more than 10% on rising outlook and job cuts

Drathby DrathMarch 2, 20230

Zscaler Inc. shares fell in Thursday’s extended session after the cybersecurity firm raised its revenue forecast for the year by announcing layoffs. Zscaler ZS, +4.43% …

Business

Snowflake reduces revenue growth target and stock is declining

Drathby DrathMarch 2, 20230

This update corrects the FactSet consensus for Snowflake’s fiscal first quarter and fiscal 2024 product revenue. Shares of Snowflake Inc. fell more than 7% in …

Business

Workday promises to return to more than 20% subscription growth after offering conservative forecasts

Drathby DrathFebruary 28, 20230

Shares of Workday Inc. fluctuated in the extended session Monday after the cloud HR software company said it was still on track for growth goals …

Business

Stocks ready for bear Open on Monday

Drathby DrathFebruary 13, 20230

The Bureau of Labor Statistics will report the consumer price index for January on Tuesday. Spencer Platt/Getty Images Text size US stocks are poised for …

Business

Lumen stock drops to levels not seen since 1988 during a “reset”

Drathby DrathFebruary 8, 20230

Shares of Lumen Technologies Inc. plunged to levels not seen since 1988 on Wednesday as the telecommunications company, which provides voice, broadband and other services, …

Business

Bill.com’s stock falls 25% after big earnings surge. Here because.

Drathby DrathFebruary 3, 20230

Text size Bill.com’s second-quarter subscription revenue was $61.5 million, below analyst estimates of $63.2 million. Time to dream A sharp rise in earnings doesn’t always …

Business

Amazon shares tumble as least profitable holiday quarter since 2014 leads to worst yearly loss on record

Drathby DrathFebruary 3, 20230

Amazon.com Inc. on Thursday reported its least profitable holiday quarter since 2014, leading to the largest-ever annual loss for the e-commerce giant, which also disappointed …

Business

Amazon.com reports earnings Thursday. Here’s what to expect.

Drathby DrathFebruary 2, 20230

Text size Investors want to see evidence that Amazon.com has made headway in its drive to contain costs. David Ryder/Bloomberg Amazonia ‘s fourth-quarter financial results, …

Business

AMD CEO promises to keep taking data center from Intel even as cloud demand stalls after ‘strong’ 2022

Drathby DrathFebruary 1, 20230

Shares of Advanced Micro Devices Inc. rose in the extended session Tuesday after sales of the chipmaker’s data center surged and executives expect sales of …

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