Technology

Broadcom Q1 Non-GAAP Earnings, Revenue Rise; Maintains 2024 Revenue Outlook

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Broadcom (NASDAQ:AVGO) reported Q1 non-GAAP earnings late Thursday of $10.99 per diluted share, up from $10.33 a year earlier. Analysts polled by Capital IQ expected $10.42. Revenue for the quarter ended Feb. 4 was $11.96 billion, up from $8.92 billion a year earlier. Analysts expected $11.72 billion. For fiscal 2024, the company reiterated its forecast projecting around $50 billion in revenue. Analysts are looking for revenue of $50.01 billion this year. Broadcom said it maintained its quarterly dividend at $5.25 per share, payable March 29 to investors of record on March 21.

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Marvell Technology Gives a Weak Outlook. The Chip Stock Tanks. — Barrons.com

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By Tae Kim Marvell Technology (MRVL.US) posted earnings results and gave financial guidance below Wall Street expectations, driving the stock lower in post market trading. The semiconductor firm reported adjusted earnings per share of 46 cents for the January quarter, matching the consensus estimate of 46 cents among Wall Street analysts tracked by FactSet. Revenue came in at $1.43 billion, which was about in line with analysts’ expectations of $1.42 billion. The company’s shares fell 10.2% to $76.41 in post-market trading following the release. Management’s financial outlook was disappointing. Marvell forecast a range of potential revenue for the current quarter with a midpoint of $1.15 billion, compared with the consensus view that revenue will be $1.38 billion. “While we are forecasting soft demand impacting consumer, carrier infrastructure, and enterprise networking in the near term, we expect revenue declines in these end markets to be behind us after the first quarter,

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DocuSign(NASDAQ:DOCU) Q4 2024 Earnings Conference

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The following is a summary of the DocuSign, Inc. (DOCU) Q4 2024 Earnings Call Transcript: Financial Performance: DocuSign reported Q4 revenues of $712 million, an increase of 8% year-over-year and full year revenue of $2.8 billion, marking a 10% growth year-over-year. Non-GAAP operating margin in Q4 improved to 25%, and the full year margin also improved significantly to 26% from 21% in fiscal 2023. The free cash flow for the year more than doubled to approximately $900 million. Q4 non-GAAP operating income was $178 million, marking a 15% year-over-year increase, and full fiscal year non-GAAP operating income reached $711 million, a 38% increase year-over-year. With a positive GAAP net income for the year, the GAAP diluted EPS improved to $0.36, from a negative $0.49 in the prior year. The company ended the fiscal year with approximately $1.2 billion in cash and cash equivalents. Business Progress: DocuSign made strides in product

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CrowdStrike Fiscal Q4 Earnings, Sales Rise; Sets Q1 Outlook; Unveils Cloud Service Acquisition;

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CrowdStrike (CRWD.US) shares surged 23% in premarket activity on Wednesday after the company reported Q4 earnings that more than doubled from a year ago and the soaring revenue was ahead of the consensus. The company reported late Tuesday fiscal Q4 non-GAAP diluted earnings of $0.95 per share, up from $0.47 a year earlier. Analysts polled by Capital IQ expected $0.82. Revenue for the quarter ended Jan. 31 was $845.3 million, up from $637.4 million a year earlier. Analysts surveyed by Capital IQ expected $840.0 million. For fiscal Q1, the company expects non-GAAP diluted EPS of $0.89 to $0.90 on revenue of $902.2 million to $905.8 million. Analysts polled by Capital IQ expect $0.82 and $901.1 million, respectively. For fiscal 2025, it expects non-GAAP diluted EPS of $3.77 to $3.97 on revenue of $3.92 billion to $3.99 billion. Analysts in a Capital IQ survey are looking for $3.76 and $3.94 billion,

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