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Showing posts with label Q3. Show all posts
Showing posts with label Q3. Show all posts

Sunday, December 2, 2018

12/02/2018 04:13:00 PM

Dell Q3 revenue surges as servers, networking show strength

The company delivered solid third quarter results as both its PC and infrastructure units grew.


Dell Technologies said its third quarter revenue was up 15 percent to $22.5 billion as it saw strength in both its infrastructure and PC units.

The company reported non-GAAP operating income in the third quarter of $2.1 billion. GAAP operating loss was $356 million.

Dell said its infrastructure group had revenue of $8.9 billion, up 19 percent. Storage sales were up 6 percent and networking and servers saw revenue gains of 30 percent. Operating income was $935 million.




The client solutions group delivered revenue of $10.9 billion, up 11 percent. Consumer revenue was up 8 percent and commercial sales were up 12 percent.

VMware, which also reported, contributed to the gains.

6:15 p.m. EST: Updated with slides from earnings presentation.



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Saturday, October 27, 2018

10/27/2018 07:41:00 PM

Alphabet Misses Q3 Revenue Targets

Google revenues, which include the company's enterprise cloud, software, and data management products, attributed most of the Q3 sales with $33.59 billion in revenue.


The parent company of Google -- which has faced a rash of controversy in recent weeks, from the cover-up of a Google+ data leak to the company's apparent willingness to censor search results in order to penetrate the Chinese market -- posted non-GAAP earnings of $13.06 per share on revenue of $33.7 billion. Net income was $9.2 billion.

On average, Wall Street was looking for Q3 earnings of $10.40 per share with $34.05 billion in revenue.

Net revenue excluding traffic acquisition costs (TAC) was expected to be at $27.3 billion. Alphabet delivered slightly below target with $27.16 billion in revenue excluding TAC. Traffic acquisition costs accounted for 23 percent of Google ad revenues.

Google revenues, which include the company's enterprise cloud, software, and data management products, attributed most of the Q3 sales with $33.59 billion in revenue. Google's Other revenues -- which now includes the smart thermostat business Nest -- were $4.6 billion. Revenue in Alphabet's "moonshot" Other Bets category came in at $146 million with operating losses rising a bit to $727 million.

Google's cost-per-click, which is how much it makes off each advertising click, decreased 28 percent year over year and seven percent quarter over quarter. The company's total advertising revenue was $28.95 billion, up from $24.07 billion a year ago.


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Thursday, September 6, 2018

9/06/2018 09:38:00 PM

Salesforce beats Q2 expectations, Q3 guidance light

The CRM giant delivered non-GAAP earnings of 71 cents per share on revenue of $3.28 billion, up 27 percent year over year.


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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Friday, August 24, 2018

8/24/2018 07:38:00 PM

HP beats Q3 estimates

The company posted year-over-year growth in both personal systems and printer revenue.


HP published its third quarter results on Thursday, slightly beating market expectations with year-over-year growth in both personal systems and printing revenue.

Non-GAAP earnings came to 52 cents a share, up 21 percent year-over-year. Revenue was $14.6 billion, up 12 percent year-over-year.

Wall Street was looking for earnings of 51 cents a share on revenues of $14.27 billion.

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"Q3 was another strong quarter, with consistent and balanced performance across segments and regions," President and CEO Dion Weisler said in a statement. "We delivered differentiated innovation in our core, advanced our growth initiatives and are investing in our future while delivering profitable growth."

By segment, Personal Systems net revenue was up 12 percent year-over-year, with a 3.9 percent operating margin. Commercial net revenue increased 13 percent, and Consumer net revenue increased 10 percent. Total units were up 6 percent with Notebooks units up 6 percent and Desktops units up 7 percent.

Printing net revenue was up 11 percent year-over-year with a 16 percent operating margin. Total hardware units were up 12 percent with Commercial hardware units up 91 percent and Consumer hardware units up 2 percent. Supplies net revenue was up 8 percent.

For the fourth quarter, HP estimates non-GAAP EPS to be in the range of 52 cents to 55 cents.



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Thursday, February 8, 2018

2/08/2018 01:55:00 AM

CA Technologies reports solid Q3

CA Technologies reports solid Q3

The company reported revenue of $1.09 billion, up nine percent from a year ago.




CA Technologies posted better-than-expected third quarter financial results Tuesday but saw its net income slide to a loss due to a repatriation tax related to recent US tax reform.

The company reported a third-quarter net loss of $93 million, or 23 cents a share, compared to a net income of $208 million, or 50 cents a share, a year earlier. Non-GAAP earnings for the third quarter were 75 cents a share on revenue of $1.09 billion, up nine percent from last year.

Wall Street was expecting earnings of 60 cents a share on second-quarter revenue of $1.07 billion.

CA said the revenue increase was due to a rise in software fees and other revenue. However, the company's total bookings decreased because of a decline in renewals. The company said it closed 13 license agreements in Q3 with values in excess of $10 million each.

As for the outlook, CA Technologies expects fiscal 2018 earnings from $2.54 to $2.60 a share with revenue between $4.22 billion to $4.25 billion. Analysts are looking for 2018 earnings of $2.45 a share on revenue of $4.22 billion.

Chief executive Mike Gregoire highlighted the company's slate of new product offerings and accelerated revenue growth as keys to providing positive momentum going forward.

"I am confident with the strategic direction of the company and believe that we are on track to achieve long-term sustainable growth," he said.




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Thursday, February 1, 2018

2/01/2018 10:08:00 PM

US assess charge wipes out Lenovo Q3 pre-impose benefit

US assess charge wipes out Lenovo Q3 pre-impose benefit

In spite of recording the most noteworthy quarterly income in three years, Lenovo has left with a $289 million net misfortune for the second from last quarter. 




Lenovo has seen the sparkle expelled from its second from last quarter, as the organization took a $400 million duty hit that nearly gobbled up it's pre-charge benefit three times finished. 

Reported on Thursday, the Chinese goliath recorded barely short of $13 billion in quarterly income, it's most elevated in three years, which the organization changed over into $204 million of working benefit and $150 million of pre-impose benefit. 

Once the $425 million in tax collection - including what was portrayed as an "erratic non-money impose a charge of $400 million" - was considered, Lenovo was left with a net loss of $289 million. 

"This [tax charge] takes after the re-estimation of US conceded impose resources after the as of late sanctioned the US assess change enactment," the organization said in an announcement. 

"In a perspective of this, the organization trusts that the lower assess rate can profit the US operations after some time." 

Contrasted with the second from last quarter a year ago, income was up 6 percent, working and the pre-charge benefit was up 48 percent, and net benefit fell by negative 425 percent. 

Separated by district, China remains the benefits community for the organization, contributing $204 million in pre-assess benefit, contrasted with $26 million for the Americas, a $11 million misfortune in Europe and the Middle East, and a $60 million misfortune in the Asia Pacific. 

Income astute, America was barely short of $4 billion, while China and EMEA both made $3.6 billion, and APAC raised the back with $1.8 billion. 

By division, the PC bunch saw income grow 9 percent year on year to $9.3 billion, and was beneficial for the second in a row quarter in all topographies, contributing $416 million in pre-assess benefit generally. For the quarter, Lenovo delivered 15.7 million PCs, which was a level year on year. 

The Data Center gathering detailed the most astounding income in two years, coming in at $1.2 billion, and diminished its misfortune from $94 million a year ago to $56 million this year. 

For its Mobile Business Group, the organization revealed over $2 billion in income and a diminishment of its misfortune from $112 million to $92 million. Lenovo said it had expanded shipments in North America because of Moto handsets expanding their solid footing with transporters, yet South America remained the gathering's benefit focus. 

"We keep on seeing critical change and solid execution is probably the most energizing innovation advertise parts, shrewd gadgets, and datacenter," said Lenovo seat and CEO Yang Yuanqing. 

"We saw income, edges, benefit, advancement, execution, and client encounter all broaden the energy that created amid the earlier quarter, and these outcomes reaffirm the change procedure we are executing." 

Prior this month, the organization's Australian arm announced its outcomes for the 2017 monetary year. Lenovo Australia announced AU$700,00 in after-charge benefit, after AU$5.1 million of its AU$5.8 million pre-impose benefits was given to the Australian Taxation Office. Income from the offer of merchandise for the revealed year was AU$699.5 million, while income from administrations totaled AU$31.9 million.




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Thursday, December 7, 2017

12/07/2017 08:11:00 PM

Box Q3 brings about line with showcase gauges

While the outcomes were to a great extent in accordance with showcase gauges, Box shares fell in twilight exchanging.




Box revealed its budgetary outcomes for the second from last quarter of financial 2018 on Wednesday. 

While the outcomes were to a great extent in accordance with advertise gauges, Box shares fell in twilight exchanging. 

The cloud content administration organization detailed a non-GAAP working loss of $17 million, or 13 pennies for each offer. By correlation, the organization posted a working loss of $17.3 million, or 14 pennies for each offer, a year sooner. Its income came to $129.3 million, up 26 percent year-over-year. 


Money Street experts were expecting by and large a net loss of 13 pennies for every offer on income of $128.64 million. 

"In Q3, we kept on expanding our lead in cloud content administration by improving on our center items and by divulging new capacities like Box Skills and Box Graph that will enable ventures to convey AI and machine figuring out how to their substance in Box," CEO Aaron Levie said in an announcement. "By making Box the most insightful and secure cloud content administration stage, we are ending up increasingly basic to controlling our clients as they modernize their organizations and drive computerized change." 

The organization developed its paying client base to 80,000 organizations in Q3 and featured new or extended arrangements with real associations like Foster Farms, LionsGate and the US Food and Drug Administration. Billings for the quarter came to $141.5 million, up 26 percent year-over-year. 

For the final quarter, Box expects a non-GAAP net misfortune per share between 8 pennies and 7 pennies, with income in the scope of $136 million to $137 million. 

Money Street examiners have all things considered evaluated Box's Q4 income to hit $136.82 million. 

For the full monetary year 2018, the organization is expecting a non-GAAP net misfortune per share between 45 pennies and 44 pennies, with income in the scope of $505 million to $506 million.





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Friday, November 3, 2017

11/03/2017 03:18:00 AM

Letter set tops Q3 focuses as deals climb 24 percent

The tech goliath has bounced back from its benefit droop last quarter.





Letters in order helpfully beat second from last quarter income and EPS gauges as deals surged 24 percent. 

The tech goliath revealed a net wage of $6.73 billion, with non-GAAP income were $9.57 per share on income of $27.8 billion, while including movement securing costs (TAC). By and large, Wall Street was searching for Q3 profit of $8.83 per share with $27.2 billion in income. 

Net income barring TAC was relied upon to be at $21.95 billion. Letters in order conveyed above focus with $22.2 billion in income barring TAC. 

Google incomes, which incorporate the organization's venture cloud, programming and information administration items, credited the greater part of Q3 deals with $27.5 billion in income, up from $25.76 billion the past quarter. Google's Other incomes were $3.4 billion, up from $2.43 billion a year prior, filled by cloud, play and equipment. 

Google's cost-per-click, which is the amount it makes off each publicizing click, diminished 21 percent year over year yet remained level quarter over quarter. The organization's aggregate promoting income was $24.1 billion. 

In Alphabet's "moonshot" Other Bets class, which incorporates Waymo, Nest, Fiber, Alphabet's human services driven activities and other theoretical tasks, the organization posted income of $302 million, with working misfortunes expanding marginally to $812 million. Last quarter, misfortunes in this classification totaled $772 million. 

"We had an awesome quarter, with incomes up 24 percent year on year, reflecting quality crosswise over Google and Other Bets," said Alphabet CFO Ruth Porat, in arranged comments. "Our energy is an aftereffect of speculations over numerous years in awesome individuals, items and associations." 

On a call with examiners, Porat featured the current declaration that Waymo intends to test its self-driving auto innovation on the frigid streets of the more noteworthy Detroit district this winter. Google CEO Sundar Pichai set aside opportunity to on the call to say Google's advance with implanting computerized reasoning and machine learning over its portfolio. 

"It's been especially energizing to see our initial wager on manmade brainpower pay off and go from an exploration venture to something that can tackle new issues for 1 billion individuals per day," Pichai said. "Despite the fact that we are in the beginning of AI, we're as of now reconsidering how to fabricate items around machine learning. It's another worldview contrasted with versatile first programming, and I'm excited how Google is driving the way." 

Swinging to Google Cloud, Pichai featured new client acquisitions and organizations. With YouTube, Pichai said the organization is putting resources into new membership based adaptation models. As far as equipment, Pichai delineated late increases anticipated from its as of late discharged item lineup. He said preorders of the most recent Pixel are more than twofold what they were a year ago.




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Tuesday, October 31, 2017

10/31/2017 11:25:00 PM

ServiceNow beats Q3 income desires

With more than 22 bargains worth more than $1 million for the quarter, ServiceNow posts solid development in membership billings.




ServiceNow on Wednesday distributed its second from last quarter monetary outcomes, beating profit desires for the quarter. 

The organization revealed non-GAAP net salary of $69.3 million, or profit of 40 pennies for each fundamental offer and 38 for each weakened offer. Non-GAAP incomes came to $491.4 million, speaking to 37 percent year-over-year development balanced for consistent cash. 

Money Street was searching for second quarter non-GAAP income per offer of 32 pennies an offer on offers of $491.65 million. 

The organization accomplished $499.7 million of non-GAAP membership billings, speaking to 38 percent year-over-year development. Non-GAAP membership incomes came to $449.5 million, speaking to 41 percent year-over-year development balanced for steady cash. CFO Michael Scarpelli said the solid quarter was driven by huge new arrangements, including 22 more prominent than $1 million. 

In an announcement, CEO John Donahoe noticed the organization had a solid second from last quarter over each area. He likewise featured the organization's interests in advancements like machine getting the hang of, making such innovation local to all applications on the ServiceNow stage. 

"We are focused on being a trusted cloud accomplice for our clients helping them explore advanced change and make the eventual fate of work," he said. 

For the final quarter of 2017, ServiceNow hopes to see add up to non-GAAP incomes amongst $517 and $522 million, speaking to 34 percent to 35 percent. year-over-year development. For the full 2017 monetary year, it expects non-GAAP add up to incomes between $1.911 billion and $1.916 billion, speaking to 37 percent to 38 percent year-over-year development.





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