Amazon Web Services (AWS), the computing division of tech giant Amazon, is seeking to invest billions of euros in expanding its data center business in Italy to enhance its cloud offerings in Europe. This move underscores AWS’s efforts to strengthen its presence in various regions around the world, including Singapore. In Singapore, AWS announced plans … Read more
Nutanix, Inc. (NASDAQ:NTNX) exceeded expectations with its third-quarter earnings, posting an adjusted earnings per share of 28 cents, surpassing the market forecast of 17 cents per share. The company reported quarterly sales of $524.577 million, higher than expectations of $516.183 million. CEO Rajiv Ramaswami highlighted the solid performance, attributing it to disciplined execution and the … Read more
Today, the stock market is reacting to the latest employment data, particularly the ADP employment report. Investors are eagerly awaiting the May jobs report, which will be released before the market opens on Friday. Hewlett Packard Enterprise (HPE) shares are seeing an uptick after the company reported second-quarter earnings and revenue that beat analyst expectations. … Read more
Nutanix (NTNX) reported strong third-quarter fiscal 2024 results, with non-GAAP earnings of 28 cents per share, surpassing the Zacks Consensus Estimate by 64.71%. Revenues increased 17% year over year to $524.6 million, primarily driven by growth in hyper-converged infrastructure software. Annual Contract Value (ACV) billings jumped 20% to $288.9 million. Product revenues increased 20.2% to … Read more
Hewlett Packard Enterprise (HPE) experienced a significant boost in its stock price by 15 percent in after-hours trading due to a surge in orders for AI systems. In the second quarter of fiscal year 2024, revenue rose to $7.204 billion, beating analyst expectations. The server division grew by 18 percent to $3.9 billion, with AI … Read more
HPE Stock is experiencing its largest gain since 2016 due to the increase in sales of AI servers. This growth in sales is significant for the company and has positively impacted its stock performance. The boost in demand for AI servers has played a crucial role in driving HPE’s stock value up, resulting in a … Read more
CEOs of S&P 500 companies earned nearly 200 times the salary of the average worker in 2023, marking a 12.6% increase from the previous year. Broadcom CEO Hock Tan topped the list with a compensation of $161.8 million, followed by Fair Isaac Corporation CEO William Lansing and Apple’s Tim Cook. The gap between CEO and … Read more
Broadcom Inc. (AVGO) is expected to report a year-over-year increase in earnings and higher revenue for the quarter ended April 2024. The consensus outlook is important for assessing the company’s earnings outlook, and investors are eagerly anticipating the earnings report expected on June 12, 2024. Key numbers from this report will likely influence the stock … Read more
Nutanix reported strong financial results for the third quarter of fiscal 2024, with revenue reaching $524.6 million, a 17 percent increase year-on-year. The company also saw growth in customer count, with 490 new customers added in the quarter, bringing the total to 25,860. Average Contract Value (ACV) billings were up 20 percent to $288.9 million, … Read more
Design preferences in smartphones can vary greatly among individuals, with screen edges being a key feature that often sparks debate. While many people prefer thinner screen borders for a sleeker look, there is a less popular opinion advocating for symmetrical display edges as a priority. However, not all phone manufacturers adhere to these preferences. Samsung … Read more