Salesforce reported strong second quarter financial results on Wednesday that topped estimates. The CRM giant delivered non-GAAP earnings of 71 cents per share on revenue of $3.28 billion, up 27 percent year over year.

Wall Street was looking for earnings of 47 cents per share with revenue of $3.23 billion. Salesforce stock was down roughly one percent in late trading.

"Salesforce revenue grew 27 percent to almost $3.3 billion in the second quarter, with excellent performance across our clouds, industry segments and geographies," said the company's recently minted co-CEO, Keith Block. "With this strong quarter, we're well on our way to our next milestone of $23 billion in revenue in FY22."

The company's Q2 net income was $299 million, or 39 cents per share. Subscription and support revenues increased 28 percent annually to $3.06 billion. Professional services and other revenues totaled $221 million, up 28 percent year over year.

Breaking subscription revenues down by segment, Sales Cloud revenue was $1 billion, Service Cloud revenue was $900 million, Marketing and Commerce Cloud revenue was $500 million, and Salesforce platform and other revenue was $700 million.

As for the outlook, analysts are looking for earnings of 54 cents a share on revenue of $3.35 billion for the current quarter. Salesforce responded short of expectations, with a revenue range of $3.35 billion to $3.36 billion and earnings between 49 and 50 cents per share.

For the full-year, Salesforce expects earnings between $2.50 and $2.52 per share on revenue between $13.12 billion and $13.17 billion.

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Amazon published its second quarter financial results on Thursday, beating earnings estimates but falling short of revenue expectations.

The Seattle-based tech giant posted net income of $2.5 billion in the second quarter or $5.07 per diluted share. Revenues came to $52.9 billion, up 39 percent year-over-year.

A year prior, the company reported earnings of 40 cents on revenue of $38 billion.

Wall Street was looking for earnings of $2.50 per share on revenue of $53.38 billion.

Amazon Web Services' net sales came to $6.1 billion for the quarter, growing 49 percent year-over-year. AWS accounted for just 11 percent of Amazon's net sales but still delivers significant profits: The segment's operating income was $1.64 billion.

As for Amazon's North America segment, net sales in Q2 came to $32.17 billion, up 44 percent year-over-year. Operating income was $1.84 billion.

International net sales came to $14.6 billion, up 27 percent, with an operating loss of $494 million.

In a statement, Amazon CEO Jeff Bezos highlighted the momentum behind Amazon's voice-activated assistant Alexa.

"We want customers to be able to use Alexa wherever they are," Bezos said. "There are now tens of thousands of developers across more than 150 countries building new devices using the Alexa Voice Service, and the number of Alexa-enabled devices has more than tripled in the past year. Our partners are creating a wide variety of new Alexa-enabled devices and experiences, including soundbars from Polk and Sonos; headphones from Jabra; smart home devices from ecobee and First Alert; Windows 10 PCs from Acer, HP, and Lenovo; and cars from automakers including BMW, Ford, and Toyota."

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Personal and small business financial software maker Intuit said on Friday that a later than usual start to the tax season has shifted tax revenue to the company's third quarter.

Intuit reiterated full fiscal-year revenue and operating income guidance, and also raised its full-year earnings per share forecast due to anticipated changes from recent US tax reform.

Intuit says that tax prep season started six days later than last year, as the Internal Revenue Service began accepting returns on January 29. The IRS is reporting that total returns processed through February 2 are down 10 percent and self-prepared e-files are down 7 percent compared with last year. Intuit's processed consumer tax returns are also down 6 percent for that same period.

"Every tax year is different and this year is no exception with the IRS opening its doors six calendar days later than last year," said Dan Wernikoff, EVP, and GM of Intuit's TurboTax business. "Beyond this timing creating a late forming tax season, we are confident in our plan, combining our intuitive DIY offer for those with simple returns and our TurboTax Live offer for those that want some assistance."

As for the numbers, Intuit expects second-quarter revenue from $1.16 billion to $1.17 billion, down from its previous forecast for $1.16 billion to $1.18 billion, but still above market estimates for $1.15 billion. The company's earnings per share estimate for Q2 is now in the range of 34 cents to 35 cents, up from the previous range of 31 cents to 34 cents a share.

Non-GAAP operating income is expected to be between $115 million and $120 million, down from a range of $130 million to $140 million. For fiscal 2018, Intuit expects non-GAAP EPS from $5.30 to $5.40, up from the prior range of $4.90 to $5.00.

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Microsoft's commercial cloud units continued to hum in the fiscal second quarter due to Azure and Office 365, but growth may be slowing sequentially.

Microsoft's commercial cloud business continued to gain momentum, but its sequential growth rate appears to be slowing a bit.

The enterprise software's second-quarter earnings were strong excluding a charge due to the Tax Cuts and Jobs Act. The company reported fiscal second-quarter non-GAAP earnings of $7.5 billion, or 96 cents a share, on revenue of $28.9 billion, up 12 percent from a year ago. The company reported a net loss in the quarter of 82 cents a share due to a $13.8 billion charge due to tax changes.

Wall Street was expecting Microsoft to report second-quarter earnings of 86 cents a share on revenue of $28.4 billion.

Ahead of the results, Wall Street analysts were expecting the second quarter to be driven by Office 365 and Azure with profit margin worries due to the launch of the Xbox One X launch. Another wild card revolved around tax changes since Microsoft had $132 billion in offshore cash.

In Microsoft's statement, the company didn't tout its commercial cloud annual revenue run rate for the first time in several quarters. CEO Satya Nadella said the company's hybrid cloud wares and investments in the Internet of things, big data and artificial intelligence were paying off.

Now commercial cloud revenue for Microsoft's second quarter was $5.3 billion, up 56 percent from a year ago. But the sequential rate of growth is narrowing. Commercial cloud's annual revenue run rate is $21 billion now.

By unit, Microsoft reported second-quarter revenue of $9 billion, up 25 percent from a year ago, for its productivity and business processes division. Office 365 commercial licenses showed growth of 41 percent and Dynamics revenue was up 10 percent. LinkedIn revenue was $1.3 billion.

In the intelligent cloud unit, revenue for the second quarter was $7.8 billion, up 15 percent from a year ago. Azure revenue growth was up 98 percent.

Windows OEM revenue as up 4 percent in the quarter and the more personal computing division delivered second-quarter sales of $12.2 billion.

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Western Digital reported its second quarter financial results on Thursday, beating market expectations thanks to a "healthy" demand in enterprise storage and NAND flash.

The company reported a net loss of $823 million, or $2.78 a share. Non-GAAP earnings were $3.95 per share on revenue of $5.3 billion, up from $4.9 billion from a year ago. The company said the net loss was due to a $1.6 billion repatriation tax as a result of the Tax Cuts and Jobs Act.

Wall Street was looking for earnings of $3.79 a share on revenue of $5.29 billion.

"We continued our strong financial performance in the December quarter, with nine percent year-over-year revenue growth, driven by each of our major end-market categories and solid execution by our team," Steve Milligan, CEO of Western Digital, said in a statement. "We once again generated strong operating cash flow, reflecting continued healthy demand in our end markets, most notably for our capacity enterprise hard drives and flash-based products.

Western Digital said it generated approximately $1.2 billion in cash from operations during the second quarter. It ended the quarter with $6.4 billion total cash, cash equivalents and available-for-sale securities.

For Q3, Western Digital told Wall Street it expects revenue of $4.9 billion and Non-GAAP earnings of $3.20 - $3.30 per share.

Shares of Western Digital fell roughly four percent in after hours trading Thursday.

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Okta announced its second quarter money related outcomes, beating market desires in its second quarter as an open organization. 

The personality and gadget administration firm posted a non-GAAP net loss of $15 million, or 16 pennies for every offer, on income of $61 million. 

Money Street was expecting a net loss of 26 pennies an offer on income of $55.9 million. 

Membership income came to $56.1 million, an about 68 percent year-over-year increment. 

"We had an extremely solid second quarter with income up 63% year-over-year while working edge enhanced essentially indeed," CEO Todd McKinnon said in an announcement. 

He touted the organization's current Oktane17 gathering, where the organization reported various new item upgrades. "With these improvements, we additionally expanded our initiative in personality administration," he said. "The Okta Identity Cloud remains the main free and unbiased cloud character answer for oversee and secure the expanded undertaking and change the client encounter." 

For the second from last quarter, Okta expects a non-GAAP net misfortune per offer of 25 pennies to 24 pennies on income in the scope of $62 to $63 million. For the full financial 2018 year, the organization a non-GAAP net misfortune per offer of 98 pennies to 95 pennies on income amongst $243 and $245 million. 

In the interim, Cloudera additionally posted second quarter money related outcomes that beat advertise desires. 

The enormous information administration business revealed a non-GAAP loss of $25.3 million, or 17 pennies for each offer, on income of $89.8 million. 

Money Street was expecting a net loss of 25 pennies an offer on income of $85.46 million. 

Membership income came to $74 million, a 46 percent year-over-year increment, and spoke to 82 percent of aggregate income. The organization landed 45 net new Global 8000 clients in the quarter. 

"In our monetary second quarter, we beat on deals, client obtaining, client development and income destinations," CEO Tom Reilly said in an announcement. "The endeavor machine learning and investigation showcase is rapidly rising and we keep on leading its heading through innovation and item advancement." 

Reilly featured Cloudera's obtaining of Fast Forward Labs, a main machine learning and connected computerized reasoning innovative work organization. 

For the second from last quarter, Cloudera is expecting a non-GAAP net misfortune per share in the scope of 25 pennies to 23 pennies on income in the scope of $90 to $92 million. For the full monetary 2018 date-book, the organization expects a non-GAAP net misfortune per share in the scope of 95 pennies to 93 pennies income in the scope of $355 million to $360 million. 

Tintri, a master away frameworks for virtualization, additionally detailed Q2 financials on Thursday. 

The Mountain View-based organization conveyed net pay of $51.7 million, or $2.05. Tintri's non-GAAP misfortune was $1.03 per share on income of $34.9 million. 

Money Street was expecting a profit loss of 93 pennies for every offer on income of $35.68 million. 

"While the organization's income came in at the low end of our desires, we conveyed more grounded than anticipated benefit and income changes," CEO Ken Klein said in an announcement. 

The organization's as of late declared all-streak stage and extra programming offerings "additionally improve our separation and better empower our clients to progress to the venture cloud," Klein said. 

For the second from last quarter, Tintri hopes to see a non-GAAP misfortune per share in the scope of 77 pennies to 81 pennies on income in the scope of $36 to $37 million.

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Salesforce detailed superior to expected second quarter profit on Tuesday however its stock still slipped twilight. 

The CRM goliath conveyed non-GAAP income of 33 pennies for each offer on income of $2.56 billion, up 26 percent year over year. 

Money Street was searching for income of 32 pennies for every offer with income of $2.51 billion. Salesforce stock was down around 3 percent in late exchanging. 

Salesforce CEO Marc Benioff said the second quarter was "incredible" as far as development and by and by delegated the organization as the primary cloud programming seller to break the $10 billion income run rate. 

"We did this quicker than whatever other venture programming organization ever," Benioff said. "Our proceeded with force as the pioneer in CRM, the quickest developing fragment of our industry, joined with more than $15 billion in charged and unbilled conceded income, puts us well on the way to $20 billion and past." 

The organization's Q2 net salary was $17.7 million, or 2 pennies for every offer. Membership and bolster incomes expanded 26 percent yearly to $2.37 billion. Proficient administrations and different incomes totaled $193 million, up 28 percent year over year. 

Separating membership incomes by fragment, Sales Cloud income was $886.4 million, Service Cloud income was $698.5 million, Marketing and Commerce Cloud income was $317.1 million, and Salesforce stage and other income was $466.5 million. 

Concerning the standpoint, investigators are searching for profit of 36 pennies an offer on income of $2.61 billion for the ebb and flow quarter. Salesforce reacted with an income scope of $2.64 billion to $2.65 billion with profit in the vicinity of 36 and 37 pennies for every offer.

Amazon distributed its second quarter monetary outcomes on Thursday, to a great extent missing income desires even as it posted solid income picks up. 

The Seattle-based tech monster posted net pay of $197 million in the second quarter, or 40 pennies for every weakened offer, on the income of $38 billion. 

A year earlier, the organization revealed a profit of $1.78 per share on income of $30.4 billion. 

Money Street was searching for profit of $1.42 per share on income of $37.2 billion 

"Our groups remain heads-down and concentrated on clients," said CEO Jeff Bezos in an announcement. 

Working costs moved from $29.12 billion a year back to $37.33 billion in Q2. 

In his announcement, Bezos focused on the features of the quarter, for example, the dispatch of Echo Show (an Echo savvy speaker outfitted with a video screen), the dispatch of four new Fire tablets, the extension of Amazon Fresh to Germany, and the development of Prime Now into Singapore.

Amazon Web Services spoke to the biggest lump of Amazon's profit, posting net deals $4.1 billion, growing 42 percent year over year, with a working wage of $916 million. 

AWS' run rate expanded from $14 billion last quarter to $16 billion, with its biggest consecutive and year-over-year dollar ascend in income. 

"We are seeing incredible client selection," said Amazon CFO Brian Olsavsky on a phone call. Clients are joining AWS, he stated, to a great extent in view of its "usefulness and pace of advancement." 

While AWS remains the prevailing player in the cloud advertise, rivalry from Microsoft and Google keeps on developing. Simply a week ago, Microsoft announced that in its final quarter, its Azure cloud business about multiplied year over year. 

In its discharge Thursday, Amazon featured some current AWS wins: The firm Ancestry, coordinated effort organization Hightail, and California Polytechnic State University are betting everything with the cloud merchant. Other venture clients that have as of late picked AWS to run critical generation workloads incorporate Discovery Communications, Morningstar, BP, and Zillow Group. 

North American net deals came to $22.4 billion, growing 27 percent year over year, with working wage of $436 million. 

Global net deals were $11.5 billion, with working misfortunes of $724 million. 

The second quarter report did exclude any data relating to Amazon's $13.7 billion securing of Whole Foods since the arrangement presently can't seem to close. Be that as it may, Olsavsky said Thursday that Amazon is eager to secure a "client driven" systematic Whole Foods. Amazon is "exploring different avenues regarding various configurations" in nourishment administrations, including physical get, focuses for orders, and in addition coordinate conveyance. There's right now "nobody arrangement," he said. 

For Q3, Amazon expects incomes between $39.25 billion and $41.75 billion.

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ServiceNow keeps on landing bigger venture bargains and that force helped the organization's second quarter comes about. 

The cloud work computerization stage revealed a moment quarter net loss of $56.5 million, or 33 pennies an offer, on income of $471.7 million, up 38 percent from a year back. Non-GAAP income for the second quarter were 22 pennies an offer. 

Money Street was searching for second quarter non-GAAP profit per offer of 20 pennies an offer on offers of $461.8 million. 

ServiceNow, which began as an IT benefit apparatus and ventured into HR and different business capacities, said it has 403 clients with a yearly contract esteem topping $1 million. ServiceNow has right around 800 clients in the worldwide 2000. Membership income for the quarter was $411 million, up 41 percent from a year back. 

ServiceNow dispatches machine learning, AI computerization motor 

Other key focuses: 

Concerning the standpoint, ServiceNow said second from last quarter income will be between $488 million and $493 million with non-GAAP working edges of 17 percent. 

For 2017, ServiceNow said it will convey offers of $1.9 billion and $1.91 billion, up around 37 percent from 2016. Non-GAAP working edges will be around 16 percent.

System gear producer Juniper Networks distributed its monetary second-quarter income on Tuesday. 

The Sunnyvale, Calif.- based organization revealed a net wage of $179.8 million, or 47 pennies for each offer. Non-GAAP profit was 57 pennies for every offer on the income of $1.31 billion. 

Money Street was expecting income of no less than 54 pennies for every offer on the income of $1.29 billion. 

The organization finished the quarter with $4.2 billion in real money, counterparts, and speculations, contrasted with $3.5 billion toward the finish of a similar quarter a year prior. 

In a readied articulation, Juniper CEO Rami Rahim said the organization was in a decent income position is seeing development in its cloud items. 

"We trust our inventive item portfolio has us all around situated to extend our business open doors as clients search for elite system arrangements that convey scale, execution, and mechanization," he said. 

For its monetary second from last quarter profit, Juniper said it anticipates that incomes will arrive around $1.32 billion. Non-GAAP income per share is relied upon to arrive between 55 pennies and 61 pennies. 

Money Street was searching for 58 pennies an offer on the income of $1.33 billion. 

Akamai additionally detailed profit Tuesday. The cloud administrations supplier already brought down its Q2 income direction, referring to a huge shortcoming in computer game downloads. 

All things considered, Akamai conveyed second quarter income of $57.7 million, or 33 pennies an offer, on the income of $609 million, up 6 percent from a year back. Non-GAAP profit for the quarter was 62 pennies an offer. 

Money Street was searching for second from last quarter non-GAAP income of 60 pennies an offer on the income of $604.5 million. Notwithstanding the relative beat, Akamai's offers slipped more than 8 percent night-time. 

Akamai's execution and security unit conveyed income of $376 million, up 15 percent from a year back in consistent cash. The cloud security unit had an income of $115 million, up 32 percent from a year back. Income from its media conveyance items was down 9 percent year over year to $179 million.

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