Tag: earnings
Samsung looks forward to quantum dot TVs, new game systems and phones
Samsung released its earnings results for between April and June and despite the pandemic, the company’s operating profit jumped 23 percent from the same time last year, reaching $6.81 billion even as its revenue dropped. As more people shifted to wo… Source
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Tesla’s next Gigafactory is being built in Austin, Texas
Both Tesla and its CEO, Elon Musk, had plenty to crow about during Wednesday’s Q2 2020 earnings call.The company has reported its fourth straight quarter of profitability with a GAAP net income of $104 million, which qualifies it to be listed on the… Source
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The accelerating digital transformation, redux
Earlier this week, TechCrunch covered a grip of earnings reports showing that some companies helping other businesses move to modern software solutions are seeing accelerated growth. Inside the Software as a Service (SaaS) world, this is known as the digital transformation. Based on how many software companies are talking about…
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Slack drops 10%+ after its revenue growth, guidance fails to impress
Today Slack reported its earnings results for the three months ending April 30, 2020, the first quarter of its fiscal 2021. The well-known SaaS chat service posted revenue of $201.7 million, up 50% compared to its year-ago period. Slack also reported an adjusted per-share loss of $0.02, and per-share losses…
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SaaS earnings rise as pandemic pushes companies more rapidly to the cloud
As the pandemic surged and companies moved from offices to working at home, they needed tools to ensure the continuity of their business operations. SaaS companies have always been focused on allowing work from anywhere there’s access to a computer and internet connection, and while the economy is reeling from…
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Zoom and CrowdStrike hang onto 2020 gains despite huge earnings expectations
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday after the bell, Zoom and CrowdStrike reported earnings. The two technology shops, members of the SaaS cohort of public companies that has performed so well this year, had high…
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