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Amazon cloud revenue, income forecast disappoint, shares slide
Economic Times
·
4m ago
Medial
Amazon's first-quarter results and forecast disappointed investors, leading to a temporary 5% drop in shares. Amazon Web Services reported slower revenue growth than expected, contributing to investor disappointment, especially following Microsoft's Azure success. Despite challenges like US-China tariffs, Amazon's sales projections exceeded estimates, offering some reassurance. CEO Andy Jassy emphasized the focus on keeping prices low. Amazon reported a Q1 revenue of $155.7 billion, with strong online ad sales growth, positioning it as a significant player in the ad market.
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Oracle shares soar as AI cloud demand propels revenue forecast
Economic Times
·
2m ago
Medial
Oracle shares rose nearly 8% in premarket trading following an increase in its annual revenue forecast, attributed to growing demand for AI-related cloud services. The company expects total revenue to reach at least $67 billion by fiscal 2026. Oracle's cloud services' quarterly revenue increased by 14% to $11.70 billion, surpassing overall revenue estimates. Analysts highlight Oracle's renewed popularity driven by cloud innovations, positioning it competitively against Microsoft and Amazon in the software sector.
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Cloud analytics firm Snowflake raises annual product revenue forecast, unchanged margins weigh on shares
Economic Times
·
1y ago
Medial
Snowflake, a data cloud analytics firm, has raised its forecast for full-year product revenue due to increasing demand for its cloud platform powered by artificial intelligence (AI). However, the company's shares dropped over 8% in extended trading as it did not raise its margin forecast accordingly. Snowflake now expects product revenue of $3.36 billion for fiscal 2025, up from its previous projection of $3.30 billion. The company also authorized a buyback of an additional $2.5 billion worth of its shares. Snowflake's growth has been driven by AI integration, streamlining data processes for enterprises.
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Alphabet jumps as AI-driven spending fuels cloud revenue surge - The Economic Times
Economic Times
·
1m ago
Medial
Alphabet has raised its 2025 capital spending forecast by $10 billion to $85 billion, driven by increasing demand for cloud services and competition in AI. Its cloud-computing revenue surged 32% in the second quarter, exceeding expectations, due to investments in in-house chips and the Gemini AI model. Despite regulatory challenges and scrutiny over spending, Alphabet shares saw a 3% pre-market rise, highlighting investor confidence in its AI-driven growth potential.
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Oracle misses quarterly results estimates on stiff cloud competition
Economic Times
·
8m ago
Medial
Oracle's second-quarter revenue fell short of expectations due to fierce competition in the database and cloud services market. The company's shares dropped over 7% in after-hours trading as it faces tough competition from Microsoft and Amazon. Despite reporting a 9% increase in revenue, Oracle missed estimates, causing concerns among analysts about its future growth. Oracle has been partnering with cloud hypervisors like Microsoft Azure and Amazon Web Services to gain market share, but analysts believe it will remain a distant fourth in the hyperscaler market. The company aims to exceed $25 billion in cloud revenue by 2025.
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Salesforce's third-quarter revenue beats on strong cloud demand
Economic Times
·
9m ago
Medial
Salesforce beat expectations with its third-quarter revenue, leading to an 8% increase in its shares. The company benefited from strong spending on its enterprise cloud offerings, as companies continue to streamline workflows and utilize artificial intelligence in data processing. Salesforce's revenue for the quarter reached $9.44 billion, surpassing the estimated $9.35 billion. The company's focus on its Agentforce product, supported by its data cloud, is expected to drive future growth. However, to achieve double-digit growth, analysts suggest increased adoption of Salesforce's services by enterprises will be necessary. Salesforce has also raised its annual revenue forecast for fiscal year 2025.
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Spotify forecasts profit below estimates on higher taxes, shares sink - The Economic Times
Economic Times
·
1m ago
Medial
Spotify's profit forecast fell below estimates due to increased taxes on staff salaries, causing shares to drop nearly 9%. Despite strong demand for premium plans, revenue and profit guidance missed expectations, though user growth exceeded forecasts. Spotify expanded its share buyback program to $2 billion to boost investor confidence. The company faces stiff competition from rivals like Apple and Amazon, leading to increased marketing expenses. Revenue rose but fell short of estimates due to unfavorable currency movements.
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Microsoft shares slide 5% as cloud forecast, AI spending disappoint
Economic Times
·
7m ago
Medial
Microsoft's cloud computing business forecast fell short of expectations, causing its shares to drop by 4.5%. Despite beating quarterly sales estimates, concerns linger over high spending in AI and competition from cheaper Chinese models. Azure's growth projections are below expectations, with revenue growth missing estimates. Microsoft's capital expenditures exceeded expectations, and the rise of Chinese AI models like DeepSeek has heightened price war fears. Investors seek assurance on the monetization of significant AI investments.
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Accenture warns of first-quarter revenue below estimates
Livemint
·
1y ago
Medial
Accenture reported its Q4 revenue of $16 billion, slightly below estimates of $16.08 billion. The company also announced a first-quarter revenue forecast below Wall Street targets, citing high inflation and interest rate pressures. Accenture expects Q1 revenue of $15.85 billion to $16.45 billion, while analysts forecast $16.43 billion. Furthermore, the company's fiscal 2024 adjusted earnings per share guidance fell short of estimates. Accenture shares fell nearly 5% after the announcement.
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Datadog lifts annual revenue forecast on AI-driven cloud security demand
Economic Times
·
3m ago
Medial
Cloud security firm Datadog raised its annual revenue forecast due to growth in AI-driven workloads and large customers. The company has gained from the increased adoption of AI technologies, boosting demand for its cloud monitoring and security platform. Datadog acquired Eppo to enhance its AI and analytics offerings. The firm expects full-year 2025 revenue between $3.22 billion and $3.24 billion, surpassing prior estimates, with Q1 revenue up 25% annually to $761.6 million.
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Amazon keeps profit margins in Orbit
Livemint
·
10m ago
Medial
Amazon reported a record-breaking $22.6 billion in capital expenditures for the third quarter of this year, an 81% increase compared to the previous year. This spending on artificial intelligence, coupled with strong sales in everyday essentials, contributed to the company's 11% growth in total revenue and an operating profit of $17.4 billion, surpassing analysts' projections. Despite concerns about increased costs from new initiatives and services, Amazon's earnings forecast for the fourth quarter exceeded expectations. The company's success in diversifying its revenue streams, including the lucrative cloud computing business and advertising, has further solidified investor confidence.
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