Citrix Systems recently reported its second-quarter financial results, with non-GAAP earnings of $1.24 per share, down from $1.53 in the same quarter last year. Revenue for the quarter was $812 million, a 2% increase year-over-year, despite challenges in product and licensing revenues due to a shift towards a subscription-based model. The company is implementing changes … Read more
The Irish arm of Amazon Web Services’ data center business experienced significant growth last year, with revenue increasing by 25% to €6.08 billion. Operating profit also rose by 21%, reaching €40.07 million. Despite net interest payments and a gain on asset disposal, the company reported a pre-tax profit of €15.16 million. However, after incurring a … Read more
Citrix Systems recently reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.24 per share and showing an increase from $1.40 per share a year ago. The company has surpassed consensus EPS estimates three times in the last four quarters. Revenues for the quarter ended September 2019 also beat estimates, coming … Read more
The global campus switch market experienced a 23% decline in revenue in the first quarter of 2024 compared to the previous year, with Arista and Ubiquiti being the only vendors to see an increase in revenue during this period. This decline was attributed to the effects of Covid-19, where companies had panic-ordered switches due to … Read more
Oracle, a leading technology company, is anticipating an increase in revenue for the fiscal fourth quarter, largely due to the strong performance of its cloud services. The company is optimistic about its financial outlook as demand for cloud-based solutions continues to grow. Oracle’s cloud business has been a key driver of revenue growth, with the … 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
Nvidia Corp. has announced impressive financial results, with both profits and revenue rising due to the increasing demand for its chips for artificial intelligence applications. The company’s position as a leader in the AI industry was highlighted in the report, confirming its dominance in the market. Key highlights from Nvidia’s results included a significant increase … Read more
VMware’s (VMW Quick QuoteVMW – Free Report) second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details Region-wise, U.S. revenues (47.6% of revenues) decreased … Read more
VMware’s VMW second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details