Technology

Okta Inc.(NASDAQ:OKTA) Q4 2023 revenue was $510 million, up 33% year-over-year

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March 1, 2023 – Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its fourth quarter and fiscal year ended January 31, 2023. Okta, Inc. (Nasdaq: OKTA) reported fiscal Q4 non-GAAP diluted earnings of $0.30 per share, Analysts polled by Capital IQ expected $0.09. Revenue for the quarter that ended Jan. 31 was $510 million,Analysts surveyed by Capital IQ expected $489.6 million. The company said it expects Q1 non-GAAP earnings of $0.11 to $0.12 on revenue of $509 million to $511 million, versus the average analyst estimates compiled by Capital IQ for a loss of $0.01 per share on sales of $498.3 million, respectively. The company expects full-year fiscal 2024 non-GAAP earnings of $0.74 to $0.79 on revenue of $2.16 billion to $2.17 billion, compared with the average analyst estimates compiled by Capital IQ of $0.31 a share on revenue of $2.17 billion, respectively. Fourth Quarter Fiscal 2023 […]

Okta Inc.(NASDAQ:OKTA) Q4 2023 revenue was $510 million, up 33% year-over-year Read Post »

HP Inc. (NYSE:HPQ) Q1 2023 net revenue of $13.8 billion,down 18.8% year-over-year

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Feb. 28, 2023 – HP Inc. (NYSE:HPQ) Reports Fiscal 2023 First Quarter Results. HP Inc. (NYSE:HPQ) reported fiscal Q1 diluted net earnings  of $0.75 per share, Analysts polled by Capital IQ expected $0.75. Revenue for the quarter was $13.83 billion, Analysts surveyed by Capital IQ expected $14.17 billion. For fiscal Q2, the company expects non-GAAP EPS of $0.73 to $0.83. Analysts polled by Capital IQ project $0.76. For fiscal 2023, the company continues to expect non-GAAP EPS of $3.20 to $3.60. Analysts surveyed by Capital IQ are looking for $3.29. First quarter GAAP diluted net earnings per share (“EPS”) of $0.49, within the previously provided outlook of $0.47 to $0.57 per share. First quarter non-GAAP diluted net EPS of $0.75, within the previously provided outlook of $0.70 to $0.80 per share. First quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends. HP Inc.’s fiscal 2023

HP Inc. (NYSE:HPQ) Q1 2023 net revenue of $13.8 billion,down 18.8% year-over-year Read Post »

Zoom(NASDAQ:ZM) Q1 2024 business outlook

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February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, update Financial Outlook The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS and revenue of $3.67 and $4.63 billion, respectively. Financial Outlook: Zoom is providing the following guidance for its first quarter of fiscal year 2024 and its full fiscal year 2024. First Quarter Fiscal Year 2024: Total revenue is expected to be between $1.080 billion and $1.085 billion and revenue in constant currency is expected to be between $1.097 billion and $1.102 billion. Non-GAAP

Zoom(NASDAQ:ZM) Q1 2024 business outlook Read Post »

Zoom(NASDAQ:ZM) Q4 2023 total revenue of $1,117.8 million, up 4% year over year

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February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ:ZM), a leading provider of video-first unified communications, today announced financial results for the fourth quarter and fiscal year ended January 31, 2023. Zoom Video Communications (ZM) reported fiscal Q4 adjusted earnings late Monday of $1.22, down from $1.29 a year earlier. Analysts polled by Capital IQ forecast $0.82. Revenue for the quarter ended Jan. 31 was $1.12 billion, up from $1.07 billion a year earlier. Analysts surveyed by Capital IQ projected $1.10 billion. The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS

Zoom(NASDAQ:ZM) Q4 2023 total revenue of $1,117.8 million, up 4% year over year Read Post »

Piper Sandler: Raised Unity Software (NYSE:U) price target to $43 Maintain an overweight rating

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Piper Sandler raised its price target on Unity Software (NYSE:U) to $43 from $33 and maintained its overweight rating on the stock. The analyst told investors in a research note that tight cost controls coupled with the merger with ironSource helped the company turn a profit for the first time in the fourth quarter. The analyst said Unity’s proposed outlook for 2023 would be 53 percent growth, meaning there aren’t too many issues and even if standalone Unity business declines year-over-year, the median revenue of $2.125 billion seems achievable.

Piper Sandler: Raised Unity Software (NYSE:U) price target to $43 Maintain an overweight rating Read Post »

Intel CEO responds to 3nm delay rumors that projects have been announced and will all be released in 2024

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According to industry sources, Intel decided to postpone TSMC’s 3nm chip orders to the fourth quarter of 2024. Therefore, some users believe that new processor products based on Intel 3 and TSMC N3 processes will be delayed. In this regard, Intel CEO Pat . Kissinger said all the 3nm projects that have been announced so far will be released in 2024. At present, Intel has disclosed three products that will use 3nm-level processes, including the Arrow Lake, Granite Rapids and Sierra Forest series.

Intel CEO responds to 3nm delay rumors that projects have been announced and will all be released in 2024 Read Post »

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating

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Oppenheimer analyst Rick Schafer said that given the current business situation and cash outlays, the news that Intel (NASDAQ:INTC) announced a dividend reduction is not surprising. The analyst acknowledged that Intel has taken steps to reduce dividends to achieve its leadership in processes and regional manufacturing, still believes management is in “proof mode” and that the company’s years of revitalization efforts are working, and he maintains Intel’s market-aligned rating.

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating Read Post »

Deutsche Bank: Palantir Technologies’ (NYSE:PLTR) 2023 guidance is not without risk

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Deutsche Bank analyst Brad Zelnick maintains a sell rating on Palantir Technologies (NYSE:PLTR). The analyst believes that given macro factors, the drag on special purpose acquisition company (SPAC) investments, and possible further delays in funding for unfinished U.S. government projects, the midpoint of the company’s guidance for 2023 revenue growth may prove optimistic, but certainly not without risk.

Deutsche Bank: Palantir Technologies’ (NYSE:PLTR) 2023 guidance is not without risk Read Post »

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