Workday, the finance and human resources software maker, experienced a significant boost in its shares, rising by 12% on Friday. This surge came after the company announced its fiscal second-quarter results, which surpassed analysts’ expectations across the board. The key figures included an adjusted earnings per share of $1.75, exceeding the expected $1.65, and a
Earnings
Snowflake, a data cloud analytics company, reported $869 million in revenue for its fiscal second quarter, surpassing Wall Street’s expectations of $851 million. The company’s product revenue stood at $829.3 million, representing a 30% year-over-year increase. However, there was a slight deceleration in growth compared to the previous quarter, when product revenue had increased by
A recent ruling by a US judge has labeled Google as a monopoly, signaling that the tech giant has been using its dominant position in the market to solidify its status further. This decision aligns with the European Commission’s approach towards regulating tech giants like Google, Meta, and Amazon. The acknowledgment that companies like Google
Cisco recently announced that it will be reducing its global workforce by 7%, which seemed to have had a positive impact on their financial results. The company reported earnings of 87 cents per share, adjusted, as opposed to the expected 85 cents per share. In terms of revenue, Cisco surpassed analysts’ estimates by bringing in
Recently, Patreon announced that memberships sold on its iOS app will soon be subject to Apple’s 30 percent commission on in-app purchases. This new requirement from Apple will begin in November and creators will need to switch to Patreon’s subscription billing method to continue earning money through the iOS app. With the implementation of Apple’s
In a groundbreaking study conducted by researchers at Washington University in St. Louis, the fascinating connection between human behavior and artificial intelligence was explored. The study delved into how participants altered their behavior when training AI to play a bargaining game, revealing unexpected psychological insights that have significant implications for the development of AI in
Sony’s Chief Financial Officer, Hiroki Totoki, recently announced that the company would not be making a fresh bid for the film and TV production group Paramount Global. He stated that acquiring Paramount does not align with Sony’s strategy, particularly because it may not fit well with their capital allocation structure. This decision comes after reports
As the U.S. markets opened for trading on Monday, tech’s megacap companies experienced a staggering loss of about $1 trillion in market cap. The Nasdaq had already entered correction territory the week prior, but the situation worsened with Nvidia shedding more than $300 billion in market cap at the opening bell. Although the chipmaker managed
Meta saw a 6% increase in its shares following the announcement of its second-quarter earnings report, which surpassed Wall Street’s expectations. The company reported a revenue increase of 22%, reaching $39.07 billion from $32 billion in the previous year. Additionally, net income rose by an impressive 73% to $13.47 billion, resulting in earnings per share
SK Hynix, a key player in the memory chip industry, recently announced its second-quarter results, showcasing a remarkable performance. The company reported revenue of 16.42 trillion Korean won and operating profit of 5.47 trillion Korean won, marking the highest level in six years. These outstanding results can be attributed to SK Hynix’s continued dominance in