Breaking

Showing posts with label Q4. Show all posts
Showing posts with label Q4. Show all posts

Monday, April 9, 2018

4/09/2018 12:22:00 AM

Cloudera beats Q4 expectations

Shares fell in after-hours trading after the big data management business reported a weaker-than-expected outlook for FY 2019.


Cloudera on Tuesday posted its financial results for the fourth quarter and the full fiscal year 2018.

The big data management business reported a Q4 non-GAAP loss of $16.6 million, or 10 cents per share. A year prior, the company reported a non-GAAP loss of $33.4 million, or 30 cents per share. Total revenue for the fourth quarter was $103.5 million, an increase of 42 percent year-over-year.

Wall Street was expecting a net loss of 23 cents a share on revenue of $98.64 million.

Fourth quarter subscription revenue came to $84.3 million, a 50 percent year-over-year increase.

For the full fiscal year 2018, Cloudera reported a non-GAAP loss of $96.6 million, or 69 cents a share. Total revenue was $367.4 million, an increase of 41 percent year-over-year.

Subscription revenue for the year was $301 million, an increase of 50 percent year-over-year, equaling 82 percent of total revenue.

In a statement, CEO Tom Reilly noted the company's accomplishments for the year.

"In our first few quarters as a public company, we introduced six major product offerings, completed a strategic acquisition, and delivered significant technological innovations," he said, "with the open source community and also proprietary to our products."

For the fiscal year 2019, Cloudera is expecting total revenue in the range of $435 million to $445 million, with subscription revenue in the range of $370 million to $375 million.




0
By at No comments:
Tags: ,

Friday, March 23, 2018

3/23/2018 10:47:00 PM

Okta beats Q4 expectations with accelerated customer growth

The identity and device management firm is getting more customers and larger deals.


Okta published its fourth quarter fiscal 2018 financial results on Wednesday, beating market expectations.

The identity and device management firm posted a non-GAAP loss of 10 cents per share, compared to 66 cents in the fourth quarter of fiscal 2017. Revenue came to $77.8 million, up 59 percent year-over-year.

Wall Street was looking for a loss of 15 cents per share on revenue of $73.9 million.

The bulk of Okta's revenue comes from subscription services, which brought in $72 million in Q4, an increase of 64 percent year-over-year. The company posted a non-GAAP operating loss of $10.8 million, or 13.9 percent of total revenue.

For the full fiscal year 2018, Okta reported a non-GAAP net loss per share of 77 cents, compared to $3.48 for fiscal year 2017. Revenues came to $260 million, an increase of 62 percent year-over-year. 2018 subscription revenue was $239.2 million, an increase of 67 percent year-over-year.

In a statement, CEO Todd McKinnon highlighted the acceleration in new Okta customer growth in Q4.

"The strength in our business was driven by more customers and larger deals as well as increased investments from our existing customers," he said. "As every organization modernizes its business, and has to do so more securely, we continue to gain traction. Identity is becoming a foundational technology, and organizations in every major industry are turning to Okta for our leadership. Looking forward, we are focused on increasing our share of IT security spend, taking early leadership in the customer identity market, and expanding our leverage with the Okta Integration Network."

Enterprise identity isn't a new concept, but it's become "foundational" technology as companies move away from homogeneous technology environments, Frederic Kerrest, COO and co-founder of Okta, told ZDNet.

Fifteen or 20 years ago, "if you were a big company, you were known as an 'Oracle shop' or an 'IBM shop,'" Kerrest said. "The big thing happening now, and that we see accelerating, is the breadth of heterogeneous technology environments. People are using applications from Oracle but also from Salesforce and Microsoft and Workday."

Okta, he said, has established itself as a "neutral, independent third party vendor that helps [companies] take advantage of legacy infrastructure investments they've made but also new technology they're buying."

For Q1 2019, Okta expects to post a non-GAAP net loss per share between 16 cents and 15 cents on revenue of $78 million to $79 million. For the full fiscal year 2019, Okta expects a non-GAAP net loss per share of 67 cents to 62 cents revenue of $343 to $348 million.


0
By at No comments:
Tags:

Friday, March 9, 2018

3/09/2018 04:27:00 PM

Dell-Dell's Q4 posts revenue gains as PCs, servers, networking show strength

The company, which is pondering ways to go public, said its focus in 2019 is to grow faster than the market, focus on storage and client revenue, pay down debt, and bolster profits in the infrastructure group.


Dell Technologies logged fourth-quarter revenue growth across its various units led by its client solutions group and commercial PCs with infrastructure getting a boost from servers and networking sales.

The company reported a fourth-quarter operating loss of $321 million on revenue of $21.9 billion, up 9 percent from a year ago. Non-GAAP operating income was $2.1 billion.

Dell Technologies is currently pondering strategic options including going public or merging with VMware, a unit that represents the company growth and cash engine.

For fiscal 2018, Dell reported an operating loss of $3.3 billion on revenue of $78.7 billion. Non-GAAP operating income was $6.9 billion.

The company said it has paid down $10 billion of debt since acquiring EMC. Dell ended the quarter with $52.7 billion in total debt including subsidiaries.

Jeff Clarke, vice chairman of products and operations at Dell, said the company saw strength in commercial PCs, servers, and networking. All-flash storage and hyperconverged systems also fared well. Storage revenue in the fourth quarter was down 11 percent.




Dell's client solutions group had revenue of $10.6 billion, up 8 percent. Infrastructure solutions had revenue of $8.8 billion, up 5 percent.

For the year ahead, Dell said it plans to grow faster than the market and focus on storage and client revenue, pay down debt, bolster profits in the infrastructure group, and help customers navigate digital transformation.

0
By at No comments:
Tags: , ,

Monday, February 19, 2018

2/19/2018 07:58:00 PM

Twilio tops Q4 targets, CFO to depart

Twilio said that it ended 2017 with 48,979 active customer accounts.



Cloud-based communications provider Twilio reported fourth quarter and fiscal 2017 financial results Tuesday.

The company posted a Q4 net loss of $20.2 million, or 20 cents per share.

Twilio's non-GAAP earnings were a loss of 3 cents a share on revenue of $115.2 million, up 41 percent year over year. Wall Street was bracing for a loss of 6 cents a share on revenue of $103.7 million.

For the year, Twilio's revenue was $399 million, up 44 percent annually, with an EPS loss of 19 cents a share. Shares of Twilio were up nearly 7 percent in aftermarket trading.

"We are kicking off our tenth year as a company with fabulous momentum. I'm very proud of the team for our fourth quarter performance, but my excitement lies in the foundations we've laid for the next ten years of Twilio," said Twilio CEO Jeff Lawson. "We are poised for a stellar year ahead, built on our relentless focus on customer success, quality, and software-fueled innovation."

Twilio also announced that CFO Lee Kirkpatrick was leaving the company after six years on the job. A search for his replacement will begin shortly and should be completed before the end of the year, Twilio said.

Elsewhere on the balance sheet, Twilio said that it ended 2017 with 48,979 active customer accounts, up from 36,606 active accounts the year prior. In terms of guidance, Twilio said it expects a first-quarter EPS loss of 7 cents and 6 cents, with revenue in the range of $115 million and $117 million. Analysts expect Twilio to report Q1 earnings with a loss of 5 cents a share with revenue of $108.2 million.




0
By at No comments:
Tags: , ,

Tuesday, February 13, 2018

2/13/2018 09:33:00 PM

Akamai cuts 5 percent of workforce as Q4 tops expectations

The company is cutting workers primarily in its media division as it aims to improve margins.




Akamai said that it is has cut about 5 percent of its workforce in "targeted areas" of its business, notably its media unit.

The restructuring was outlined on a conference call following Akamai's fourth-quarter earnings report. Leighton said:

As part of our effort to improve operational efficiency, we reduced headcounts in targeted areas of business, most notably in areas tied to our media business. Overall, we've removed about 400 positions or 5% of our global workforce in a series of actions that began last quarter and that continued this week.

The company took a $52 million restructuring charge in the fourth quarter.

For the fourth quarter, Akamai reported fourth-quarter earnings of $19 million, or 11 cents a share, on revenue of $663 million, up 8 percent from a year ago. Non-GAAP earnings for the fourth quarter was 69 cents a share. Wall Street was expecting earnings of 63 cents a share on revenue of $649.1 million.

Akamai saw strong growth it its Web division, up 17 percent from a year ago, and enterprise and carrier unit, up 24 percent. The media division, Akamai's unit that speeds up Web pages, saw fourth-quarter revenue fell 3 percent.

Security-related tools fared well both on-premises and in the cloud.

For 2017, Akamai reported net income of $453 million, or $1.26 a share, on revenue of $2.5 billion, up 7 percent from a year ago.




0
By at No comments:
Tags:

Friday, February 9, 2018

2/09/2018 09:06:00 PM

ServiceNow delivers strong Q4, almost hits $2 billion in annual revenue

The company delivered strong results as it inks larger enterprise deals.



ServiceNow posted a strong fourth quarter as the company signed 41 customer deals worth more than $1 million.

The company reported fourth quarter non-GAAP earnings of $63.6 million, or 35 cents a share on revenue of $546.4 million, up 44 percent from a year ago. ServiceNow reported a fourth-quarter net loss of $27.8 million, or 16 cents a share.

Wall Street was expecting earnings of 35 cents a share on revenue of $534.8 million.

For 2017, ServiceNow reported a net loss of $149.1 million on revenue of $1.93 billion. On a non-GAAP basis, ServiceNow reported a profit of $214.7 million, or $1.19 a share.

As for the outlook, ServiceNow said it will deliver subscription revenue of $525 million to $530 million. For 2018, ServiceNow projected subscription revenue of $2.35 billion to $2.37 billion with the growth of 35 percent to 37 percent.




0
By at No comments:
Tags:

Wednesday, January 31, 2018

1/31/2018 11:07:00 PM

AMD beats Q4 gauges, income up 34 percent

For the present quarter, AMD anticipates that income will develop somewhat to $1.55 billion.




AMD announced superior to expected final quarter financials on account of expanded deals in its processing and designs fragment. Be that as it may, its present quarter viewpoint and preventative articulation sent offers down twilight. 

The semiconductor producer posted net salary of $61 million, or 6 pennies for each offer. 

Non-GAAP income were 8 pennies for each offer on income of $1.48 billion, up 34 percent year-over-year. 

Money Street was anticipating that AMD should post profit of 5 pennies for each offer on income of $1.41 billion. 

For the entire year, AMD detailed income of $5.33 billion and net wage of $43 million or 4 pennies for every offer. AMD saw a 60 percent year-over-year increment in registering and illustrations deals. 

"2017 denoted a key articulation point for AMD as we re-molded our item portfolio, conveyed 25 percent yearly income development, extended gross edge and accomplished entire year productivity," said Dr. Lisa Su, AMD president and CEO. "We are considerably more amped up for 2018 as we dispatch our next flood of elite items and keep on positioning AMD as one of the head long haul development organizations in the innovation business." 

Here's a nearer breakdown of the organization's execution, by office: 

Processing and designs: Segment income expanded 60 percent year-over-year to $958 million. AMD says the expansion was driven by solid offers of Radeon illustrations and Ryzen work area processors. 

Venture, inserted and semi-custom: Segment income expanded 3 percent year-over-year to $522 million driven by server income. Successively, income diminished 37 percent driven via regularly bring down semi-custom SoC income, AMD said. 

For the present quarter, AMD gauges income to be around $1.55 billion, give or take $50 million, an expansion of 32 percent year-over-year. 

"The present quarter was driven by quality in Ryzen and Radeon Graphics and things appear to click into equip as you would anticipate from the item incentive," examiner Patrick Moorhead of Moor Insights and Strategy, said. "Processing and designs was up an eye popping 60%. It regularly takes seventy five percent for anything in the datacenter to kick in and we are seeing proof of Epyc and datacenter designs hitting, all integrity for AMD. I anticipate that AMD will improve in 2018 as Ryzen portable and Ryzen with coordinated designs will be promptly accessible. Epyc and datacenter Radeon designs will have yet one more month to heat and I'm expecting some greater outcomes here next quarter." 

Because of US assess change, AMD said it got a $18 million duty credit. 

In its profit report, AMD issued a preventative articulation that its business could be antagonistically affected by factors outside its control, including the Meltdown and Specter blemishes: 

AMD's endeavors to counteract and address security vulnerabilities can be expensive and might be incompletely compelling or not effective by any stretch of the imagination. For example, AMD's moderation endeavors, including the arrangement of programming or firmware updates to address security vulnerabilities, could bring about unintended outcomes, for example, antagonistic execution framework operation issues and reboots. AMD may likewise rely upon outsiders, for example, clients, merchants and end clients to send AMD's alleviations or make their own, and they may deferral, decrease or change the execution of such alleviations. AMD's associations with its clients could be unfavorably influenced as some of its clients may quit obtaining AMD items, decrease or postpone future buys of AMD items, or utilize contending items. Any of these activities by AMD's clients could unfavorably influence its income. AMD is likewise subject to claims identified with the as of late revealed side-channel abuses, for example, "Phantom" and "Emergency," and may confront cases or case for future vulnerabilities. Genuine or saw security vulnerabilities of AMD items may subject AMD to unfriendly exposure, harm to its image and notoriety, and could tangibly hurt AMD's business or money related outcomes. 

For monetary 2018, AMD will receive another income acknowledgment standard, yet expects the effect on income to be insignificant. 

AMD's offers were down more than 6 percent in post-retail exchanging.




0
By at No comments:
Tags: ,

Monday, January 29, 2018

1/29/2018 10:07:00 PM

Intel posts solid Q4, rides server farm gathering and says it'll reestablish trust in its security endeavors

Intel's security inconveniences generally had no effect on its final quarter, which was pushed by its server farm unit and development in the Internet of things.



Intel announced solid final quarter comes about as its server farm bunch demonstrated income development of 20 percent with the Internet of things unit up 21 percent. 

The organization, which is being hit by the aftermath from the Specter and Meltdown security defects, noticed that security was a best need. Chief Brian Krzanich said in an introduction that one of his key messages was that Intel will "reestablish trust in information security with client first criticalness, straightforward and auspicious correspondence. 

Intel has been under flame recently because of the response to its security issues. 

By and large, the chip monster revealed final quarter non-GAAP profit of $1.08 an offer on income of $17.1 billion, up 4 percent from a year back. Intel lost 15 pennies an offer in the final quarter due to a $5.4 billion charge coming from charges on seaward profit. 

Money Street was expecting final quarter profit of 86 pennies an offer on income of $16.34 billion. 

For 2017, Intel detailed net pay of $9.6 billion, or $1.99 an offer, on income of $62.8 billion. The organization likewise said it was raising its profit 10 percent to $1.20 an offer every year. 

Krzanich said the organization is profiting from its interests in memory, programmable arrangements, correspondences and self-governing driving. 

Intel additionally got a lift from its "information driven" units. Intel noticed that it saw "solid execution from information driven organizations, which represented 47 percent of Intel's final quarter income, an unequaled high." 





Concerning the viewpoint, Intel anticipated first-quarter income of $15 billion with profit for each offer of 65 pennies an offer (70 pennies an offer non-GAAP) give or take 5 pennies an offer. For 2018, Intel anticipated income of $65 billion with profit for every offer of $3.30 ($3.55 non-GAAP). 

Money Street was searching for Intel to report first-quarter non-GAAP income of 72 pennies an offer on the income of $15.03 billion.




0
By at No comments:
Tags: ,

Friday, August 25, 2017

8/25/2017 01:26:00 AM

Intuit's Q4 gets QuickBooks Online lift, names new CFO

Intuit said it enhanced QuickBooks Online and landed more endorsers. What's more, Michelle Clatterbuck will supplant Neil Williams as CFO.


Intuit announced a superior than-anticipated final quarter, solid QuickBooks Online development and named another CFO. 

The organization said current CFO Neil Williams will leave Intuit in January and be supplanted by Michelle Clatterbuck, who is right now senior VP of fund for the buyer assess gathering. 

Intuit revealed final quarter non-GAAP profit of $78 million, or 20 pennies an offer, an income of $842 million, up 12 percent from a year prior. Net profit for the final quarter were 9 pennies an offer, said Intuit. 

Money Street was expecting non-GAAP profit of 17 pennies an offer on income of $809 million for the final quarter. 

Chief Brad Smith said the organization had a solid complete to the monetary year and saw energy in QuickBooks Online and also Consumer Tax and ProConnect. What's more, Intuit finished the final quarter with 390,000 independently employed endorsers. On a telephone call, Smith stated: 

We enhanced the conclusion to-end involvement for QuickBooks Online clients, which brought about a 22-point increment in our Net Promoter Scores. We tackled essential agony focuses for independently employed business administrators, for example, the capacity to isolate individual and costs of doing business, send solicitations and fixed installments and track their mileage. This prompted a quadrupling of our QuickBooks Self-Employed client base. 

For financial 2017, Intuit revealed working salary of $1.7 billion, or $4.41 an offer, on an income of $5.2 billion, up 10 percent from a year prior. Monetary 2017, income barring modifications were $3.72 an offer. Intuit finished the year with 2,383,000 QuickBooks Online supporters. 

Concerning the standpoint, Intuit anticipated first quarter income of $840 million to $860 million, up 8 percent to 11 percent, with non-GAAP profit of 3 pennies an offer to 5 pennies an offer. 

For financial 2018, Intuit anticipated income of $5.64 billion to $5.74 billion, up 9 percent to 11 percent. Non-GAAP profit will be $4.90 an offer to $5 an offer. QuickBooks Online supporters are relied upon to be between 3.27 million and 3.37 million. 

By unit for the monetary year, Intuit said its private company unit will have development of 12 percent to 14 percent with shopper impose increases of 7 percent to 9 percent. ProConnect will see level to 2 percent development.



0
By at No comments:
Tags: