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Shares of Oracle Corp. experienced a significant drop after the company reported quarterly revenue that fell short of expectations, particularly in its cloud business. Despite a 52% increase in cloud infrastructure sales, Oracle faces stiff competition from industry giants like Amazon Web Services and Microsoft. The company's performance was deemed mixed against high expectations, with revenue projections for the next quarter also falling below analyst estimates. Oracle remains optimistic about its cloud business, emphasizing its ability to support AI workloads and secure important clients like Meta Platforms Inc. However, uncertainties surrounding TikTok's potential ban in the US could impact Oracle's financial results. [Extracted from the article]

Oracle Corp. reported quarterly revenue in line with estimates, disappointing investors who had high expectations for the company's cloud business. Despite a 9% increase in revenue to $14.1 billion and a 52% jump in cloud infrastructure sales to $2.4 billion, the stock fell about 6.5% in extended trading. Oracle's success in the cloud industry has been driven by demand from AI companies and marquee customers like Uber and TikTok, with CEO Safra Catz projecting cloud revenue to exceed $25 billion in the fiscal year ending in May. Additionally, Oracle's ability to provide hardware and integrated software for powerful AI workloads has been highlighted by Chairman Larry Ellison. [Extracted from the article]

C3.ai, a data-analysis software company, saw a 13% increase in its stock price after reporting higher-than-expected quarterly revenue and raising its full-year sales forecast. The company's fiscal second-quarter revenue rose by 29% to $94.3 million, surpassing analysts' estimates. C3.ai has been focusing on generative artificial intelligence products, leading to increased interest from corporate customers like Rolls-Royce and the US Navy. CEO Tom Siebel highlighted a partnership with Microsoft Corp. that simplifies the use of C3.ai's software for customers. [Extracted from the article]

Oracle Corp. reported quarterly revenue that met expectations, disappointing investors who had high hopes for the company's cloud business. Despite a 9% increase in revenue to $14.1 billion, Oracle's shares fell by 8% in extended trading. The company's cloud infrastructure business saw a 52% increase in sales to $2.4 billion, driven by demand from AI companies and major customers like Uber and TikTok. Oracle's performance obligations stood at $97 billion, with earnings per share slightly below analysts' estimates. Total cloud revenue, including infrastructure and applications, reached $5.9 billion, slightly below the projected $6 billion. [Extracted from the article]

Hewlett Packard Enterprise Co. has reported strong sales growth in the fiscal fourth quarter, with revenue increasing by 15% to $8.46 billion, surpassing analyst expectations. The surge in demand for high-powered computing to support AI workloads has led to a significant increase in sales of servers, with HPE reporting a 32% jump to $4.71 billion. The company also announced plans to acquire Juniper Networks Inc., a move that has drawn scrutiny from US competition regulators but is expected to close in early 2025. [Extracted from the article]

Salesforce Inc. saw a surge in its shares after reporting higher-than-expected quarterly revenue of $9.44 billion, driven by investor optimism in the company's AI strategy. The company's focus on AI tools called agents, particularly Agentforce, has garnered attention and led to a 13% increase in premarket trading. Despite some initial challenges earlier in the year, Salesforce's new AI strategy has generated excitement and contributed to a record high stock price. The company's profitability and future revenue projections remain positive, with a strong emphasis on AI innovation. [Extracted from the article]

Salesforce Inc. exceeded analysts' expectations with quarterly revenue of $9.44 billion, leading to a 10% increase in share value. The company's focus on artificial intelligence products, particularly Agentforce, has shown promise in tasks like customer support and sales development. Despite initial success, Salesforce's acquisitions like Slack and Mulesoft experienced slower sales growth in the fiscal third quarter. [Extracted from the article]

Salesforce Inc. exceeded analysts' revenue estimates, reporting a 8.3% increase to $9.44 billion in the quarter ending Oct. 31. The company's focus on AI products, particularly Agentforce, has driven investor optimism and stock gains. Despite initial success with Agentforce deals, Salesforce's acquired divisions saw varying sales growth, with increased competition in the Commerce Cloud sector. [Extracted from the article]

Salesforce Inc. reported strong quarterly revenue, exceeding analysts' estimates, driven by the company's focus on artificial intelligence products. The company's AI strategy, particularly Agentforce, aims to automate tasks like customer support and sales development. Despite initial success with Agentforce, Salesforce's acquired divisions experienced slower sales growth, with increased competition in the e-commerce sector. The company's stock rose over 50% on optimism for its new AI strategy, with revenue expected to reach $9.9 billion to $10.1 billion in the current quarter. [Extracted from the article]

Salesforce Inc. exceeded analysts' expectations with a 8.3% increase in sales, reaching $9.44 billion in the quarter ending Oct. 31. The company's focus on AI products, particularly Agentforce, has generated investor optimism and led to a 3.5% increase in stock value in extended trading. CEO Marc Benioff expressed confidence in Agentforce, leading to a hiring surge of 1,000 employees to sell the product. The company's revenue forecast for the current quarter is between $9.9 billion to $10.1 billion, in line with analysts' estimates. [Extracted from the article]

Dell Technologies Inc. reported lower-than-expected sales due to a slowdown in the personal computer market, with third-quarter revenue increasing by 10% to $24.4 billion, falling short of analysts' estimates. Despite the decline in the PC business, Dell's infrastructure unit, including servers for AI workloads, saw a 34% increase in sales to $11.4 billion, surpassing expectations. The company's focus on AI-optimized servers has attracted investor interest, leading to an 85% stock gain this year, although shares dropped by 5% in extended trading after the earnings report. [Extracted from the article]

Snowflake Inc. experienced a significant surge in its shares following a strong sales outlook that exceeded expectations. The company's product revenue is expected to be between $906 million and $911 million, with an adjusted operating margin of about 4%. Snowflake's introduction of new products utilizing generative AI has contributed to its success in attracting new customers and outperforming competitors. The company's acquisition of Datavolo Inc. and partnership with AI company Anthropic further enhance its capabilities in data analysis and AI applications. [Extracted from the article]

Snowflake Inc. saw a 20% increase in premarket trading following a strong sales outlook, with product revenue expected to be between $906 million and $911 million. The company's CEO, Sridhar Ramaswamy, highlighted the success of newly launched products that utilize generative AI and allow for easier data analysis. Snowflake's acquisition of Datavolo Inc. aims to enhance data ingestion capabilities, while partnerships with AI companies like Anthropic further strengthen its offerings. Despite previous concerns, Snowflake's fiscal third-quarter results exceeded expectations, with increased customer spending and growth in performance obligations. [Extracted from the article]

Snowflake Inc. saw an 18% increase in its shares after announcing a strong sales outlook, with product revenue expected to be between $906 million and $911 million. The company's CEO, Sridhar Ramaswamy, highlighted the success of newly launched products that utilize generative AI and allow for easier data analysis. Snowflake's expansion strategy is driven by competition from rivals like Databricks Inc. and cloud infrastructure providers, with a focus on ease of use as a competitive advantage. [Extracted from the article]

Snowflake Inc. saw a rise in its shares after announcing a strong sales outlook, with product revenue expected to be between $906 million and $911 million. The company's CEO, Sridhar Ramaswamy, highlighted the success of newly launched products that utilize generative AI and allow for the analysis of various data types. Snowflake's acquisition of Datavolo Inc., a startup focusing on unstructured data ingestion, aims to enhance data analysis capabilities and support AI-based applications. Despite concerns over competition and economic pressures, Snowflake's fiscal third-quarter product revenue increased by 29% to $900.3 million, surpassing analyst estimates. [Extracted from the article]

Snowflake Inc. has provided a positive sales outlook, indicating strong customer reception for its new products. The company's product revenue is expected to be between $906 million and $911 million, surpassing analyst predictions. Snowflake's CEO, Sridhar Ramaswamy, has introduced new products utilizing generative AI and announced the acquisition of Datavolo Inc. to enhance data analysis capabilities. Despite recent challenges, including leadership changes and competition from rivals like Databricks Inc., Snowflake's fiscal third-quarter product revenue increased by 29% to $900.3 million. [Extracted from the article]

IBM's stock declined by 8% after reporting underwhelming revenue in the third quarter, with sales increasing by 1% to $15 billion, slightly missing analyst estimates. The flat consulting business, generating $5.15 billion in revenue, was a significant factor in the results, as clients are cautious due to economic uncertainties. Despite this, IBM's software sales increased by 9.7% to $6.5 billion, with growth in Red Hat business, while infrastructure revenue saw a steeper decline than expected. IBM is focusing on high-growth software and services, with AI consulting and software bookings exceeding $3 billion since mid-2023. [Extracted from the article]

Dell Technologies Inc. plans to continue reducing its workforce in an effort to control costs, as demand for PCs remains sluggish and sales of AI-optimized servers are not as profitable as other products. The company is focusing on expanding its business in selling high-powered servers for artificial intelligence work, which has excited investors. However, there are concerns about the profitability of this equipment due to the expensive computer chips required. Dell's PC sales have not rebounded as much as expected, with revenue from consumer-oriented PCs declining by 22% from the previous year. The company remains committed to cost management and reducing expenses. [Extracted from the article]

Oracle Corp. shares reached a record high after the company reported better-than-expected profit and bookings, driven by increased demand for artificial intelligence in its cloud computing business. The company's earnings per share were $1.39, exceeding analysts' estimates, and revenue rose by 7% to $13.3 billion. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google, and has recently made its database available on Amazon Web Services. The company's cloud revenue for the first quarter increased by 21% to $5.6 billion, and it expects double-digit revenue growth for the fiscal year ending in May. [Extracted from the article]

Oracle Corp. has reported quarterly profit and bookings that exceeded estimates, driven by strong demand for its cloud computing business. The company's earnings per share were $1.39, beating the estimated $1.33, and revenue increased by 7% to $13.3 billion. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google, and has seen success with generative artificial intelligence workloads. The company also announced a new agreement to make its database available on Amazon Web Services, following similar deals with Microsoft and Google. Oracle's shares rose by 9% in late trading after the announcement. [Extracted from the article]

Oracle Corp. saw a jump in its stock price after reporting higher-than-expected quarterly profit, driven by strong demand for its cloud computing services. The company's earnings per share were $1.39, beating analysts' estimates of $1.33, while revenue increased by 7% to $13.3 billion. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google, and has recently made its database available on Amazon Web Services. The company's cloud revenue for the first quarter increased by 21% to $5.6 billion, and its remaining performance obligation of $99 billion is seen as a sign of sustained growth. [Extracted from the article]

Oracle Corp. has reported better-than-expected quarterly profit, with earnings of $1.39 per share and revenue of $13.3 billion. The company's cloud computing business, fueled by demand for artificial intelligence, has been a major contributor to its success. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google. The company has also made agreements with Amazon, Microsoft, and Google to modernize its database business. Oracle's shares gained about 7% in extended trading after the announcement. [Extracted from the article]

C3.ai Inc., a data analysis software company, saw its stock price drop by 18% in after-hours trading after reporting lower-than-expected quarterly subscription revenue. The company's subscription revenue for the fiscal first quarter was $73.5 million, falling short of the average analyst estimate of $79.1 million. Despite this, C3.ai has been successful in introducing products with generative artificial intelligence and has closed 17 generative AI pilot projects with large corporations and government entities. The stock, which had more than doubled in 2023, has declined by 20% this year. [Extracted from the article]

Autodesk Inc. has raised its full-year earnings outlook after facing pressure from activist investor Starboard Value LP. The software maker's profit, excluding some items, is expected to be between $8.18 and $8.31 per share in the fiscal year ending in January 2025, surpassing analysts' estimates. Autodesk has been under scrutiny since delaying its financial filings in April due to an accounting investigation, and has since replaced its CFO. Starboard has pushed for changes within the company, including increasing margins and potentially removing the CEO. Autodesk's fiscal second-quarter revenue increased by 12% to $1.51 billion, and its shares rose about 5% in extended trading. [Extracted from the article]

Autodesk Inc. has raised its full-year earnings outlook after facing pressure from activist investor Starboard Value LP. The software maker's profit, excluding certain items, is expected to be between $8.18 and $8.31 per share for the fiscal year ending in January 2025. This forecast surpasses analysts' estimates and represents an increase from the previous outlook. Autodesk has been under scrutiny since delaying its financial filings in April due to an accounting investigation. The company has made changes, including replacing its CFO, and Starboard has called for further changes, such as increasing margins and potentially removing the CEO. Autodesk's fiscal second-quarter revenue increased by 12% to $1.51 billion, exceeding expectations. The company's shares rose by about 5% in after-hours trading. Starboard, which announced its stake in Autodesk in June, has been advocating for more accountability following the accounting investigation. Despite the challenges, Autodesk remains focused on delivering sustainable shareholder value. [Extracted from the article]

Dell Technologies Inc. has reported better-than-expected revenue in the fiscal second quarter, driven by increased sales of its servers for artificial intelligence (AI) workloads. The company's AI-optimized server orders reached $3.2 billion, up from $2.6 billion in the previous period, with a sales backlog of $3.8 billion. Dell's revenue rose by 9% to $25 billion, surpassing analysts' estimates of $24.5 billion. However, concerns about the profitability of Dell's equipment, which relies on expensive computer chips, have been raised. Dell's personal computer sales declined by 4%, while its business PC sales remained stable and consumer-oriented PC revenue dropped by 22%. The PC market has experienced a decline in recent years but has shown signs of rebounding in 2024. Dell is also reportedly considering the sale of cybersecurity company SecureWorks Corp. [Extracted from the article]

Autodesk Inc. has raised its full-year earnings outlook after facing pressure from activist investor Starboard Value LP. The software maker now expects a profit, excluding some items, of $8.18 to $8.31 per share for the fiscal year ending in January 2025, surpassing analysts' estimates. Autodesk has been under scrutiny since delaying its financial filings in April due to an accounting investigation, and has since replaced its CFO. Starboard has been pushing for changes, including increasing margins and potentially removing CEO Andrew Anagnost. The company's fiscal second-quarter revenue increased by 12% to $1.51 billion, beating expectations. [Extracted from the article]

Workday Inc. shares have surged after executives announced plans to significantly increase profitability over the next three years. The company aims to achieve an adjusted operating margin of 30% by January 2027, up from the previously stated goal of 25%. Workday also expects subscription revenue growth of around 15% in the coming fiscal years. The emphasis on profit will allow the company to strategically invest in growth initiatives. Workday plans to save money by being selective in hiring and utilizing artificial intelligence in its call centers and finance departments. The company is also expanding its workforce in Costa Rica and India. Despite concerns about quarterly results and sales forecasts, the positive long-term outlook has boosted investor confidence. Workday reported a 17% increase in subscription revenue to $1.9 billion in the fiscal second quarter and maintained its fiscal-year subscription forecast of up to $7.73 billion. The company also announced a $1 billion share buyback program. Workday has been introducing new features and expanding its customer base under the leadership of CEO Carl Eschenbach. The company recently partnered with Salesforce Inc. to develop an AI tool. Analysts had expressed concerns about the potential impact of corporate job reductions on software makers like Workday, but the company's near-term subscription backlog remains strong at $6.8 billion. Workday reported a profit of $1.75 per share in the period ending July 31, surpassing the average estimate of $1.64. [Extracted from the article]

Snowflake Inc., a company specializing in artificial intelligence software tools, provided a sales outlook that did not reassure investors. The company's product revenue is projected to be $850 million to $855 million in the upcoming period, slightly higher than analysts' predictions. Snowflake has been facing increased competition from rivals and pressure to expand its offerings beyond its traditional focus. Despite challenges such as recent security breaches, the company reported a 29% increase in total revenue in the fiscal second quarter. Snowflake currently has 510 customers spending over $1 million annually and has added approximately 1,000 employees in the past year. [Extracted from the article]

Snowflake Inc., a company specializing in artificial intelligence software tools, has given a sales outlook that has not alleviated investor concerns about its competitiveness in the market. The company's product revenue is projected to be between $850 million and $855 million, slightly higher than analysts' predictions of $848 million. Snowflake faces increased pressure from rivals such as Databricks Inc. and Microsoft Corp., and is also dealing with challenges such as a recent CEO change and security breaches of its customers. Despite these challenges, there are positive trends in customer demand. The company's stock has dropped 32% this year, reflecting investor worries about its ability to keep up with AI-oriented tools. [Extracted from the article]

Microsoft's Azure cloud-computing service experienced a slowdown in quarterly growth, which has tested the patience of investors. Revenue from Azure rose 29% in the fiscal fourth quarter, compared to a 31% increase in the previous period. However, the accelerated contribution from artificial intelligence (AI) confirms business momentum with that emerging technology. Microsoft has been investing in data centers and servers to meet the demand for cloud computing and AI services. Despite the slowdown, the company expects Azure growth to accelerate in the second half of fiscal 2025. [Extracted from the article]

Microsoft's Azure cloud-computing service experienced a slowdown in quarterly growth, disappointing investors who were hoping for a return on the company's investments in artificial intelligence (AI) products. Azure's revenue rose by 29% in the fiscal fourth quarter, compared to a 31% increase in the previous period. However, the accelerated contribution from AI indicates positive momentum in the business. Microsoft has been incorporating AI technology from partner OpenAI into its product line, including digital assistants called Copilots. The company has also been investing in data centers to meet the demand for cloud computing and AI services. Despite the slowdown, Microsoft remains optimistic about future growth and plans to capitalize on demand in the second half of fiscal 2025. [Extracted from the article]

Microsoft's Azure cloud-computing service experienced a slowdown in quarterly growth, disappointing investors who were hoping for a return on the company's investments in artificial intelligence (AI) products. Azure's revenue rose by 29% in the fiscal fourth quarter, compared to a 31% increase in the previous period. However, the accelerated contribution from AI indicates positive momentum in the business. Microsoft has been incorporating AI technology from partner OpenAI into its product line, including digital assistants called Copilots. Despite the slowdown, Microsoft plans to capitalize on demand and accelerate Azure growth in the second half of fiscal 2025. [Extracted from the article]

Microsoft's Azure cloud service experienced slower growth in the latest quarter, disappointing investors who were hoping for a return on the company's investments in artificial intelligence (AI) products. Azure's revenue increased by 29% in the quarter, down from 31% in the previous period, with AI contributing 8 percentage points to the growth. Despite the slowdown, analysts believe that the increased contribution from AI indicates positive momentum for the technology. Microsoft CEO Satya Nadella has been integrating AI technology into the company's product line, including digital assistants called Copilots. Microsoft shares fell by 4% following the news. [Extracted from the article]

Microsoft's Azure cloud service experienced slower growth in the last quarter, disappointing investors who were hoping for a return on the company's investments in artificial intelligence (AI) products. While Microsoft's total revenue increased by 15% to $64.7 billion, Azure's revenue growth decelerated to 29% from the previous quarter's 31%. However, the contribution from AI increased, indicating positive momentum in that area. Microsoft CEO Satya Nadella has been incorporating AI technology into the company's product line, including digital assistants called Copilots. Despite the slowdown in Azure growth, Microsoft's commercial cloud products, including Azure and office applications, saw a 21% increase in sales. [Extracted from the article]

Microsoft's Azure cloud service experienced slower growth in the last quarter, disappointing investors who were hoping for a return on the company's investments in artificial intelligence (AI) products. While Microsoft's total revenue increased by 15% to $64.7 billion, Azure's revenue growth decelerated to 29% from the previous quarter's 31%. However, about 8 percentage points of Azure's growth was attributed to AI, up from 7 percentage points in the prior quarter. Microsoft's CEO, Satya Nadella, has been incorporating AI technology into the company's product line, including digital assistants called Copilots. Despite the slowdown in Azure's growth, Microsoft's capital expenditures for data centers and AI services increased to $19 billion. [Extracted from the article]

Microsoft's Azure cloud service experienced slower growth in the last quarter, disappointing investors who were hoping for a return on the company's investments in artificial intelligence (AI) products. Despite this, Microsoft's total revenue for the quarter increased by 15% to $64.7 billion, with adjusted profit at $2.95 per share. The Azure cloud-computing service saw a 29% revenue gain, down from the previous quarter's 31% growth. Microsoft CEO Satya Nadella has been incorporating AI technology into the company's product line, including digital assistants called Copilots. However, investors have shown impatience with tech companies' efforts to monetize their AI investments. [Extracted from the article]

Figma Inc., a design startup based in San Francisco, has received investments from Coatue Management, Alkeon Capital Management, and General Catalyst Partners, among others, in a deal that values the company at $12.5 billion. Figma is currently generating annual recurring revenue of over $700 million, which is expected to exceed $1 billion next year. The transaction involved a secondary share sale and included current and former employees as well as other equity holders. Additional investors in Figma include SurgoCap Partners, Atlassian Corp., Fidelity Management & Research Co., and Apple Inc. executive Eddy Cue, among others. [Extracted from the article]

Oracle Corp. has warned investors that a potential ban on TikTok in the US could negatively impact its financial results. A law signed by President Joe Biden in April could make it illegal to provide internet hosting services to TikTok unless certain conditions are met. Compliance with the law may increase expenses for Oracle, and the company could lose a significant portion of revenue associated with hosting TikTok's US business. TikTok currently uses Oracle's cloud infrastructure to store and process US user data. The law gives TikTok 270 days to find a buyer or face a ban in the US. [Extracted from the article]

Hewlett Packard Enterprise (HPE) saw a surge in its stock price, reaching a record high, after reporting better-than-expected revenue in the second quarter. The increase in revenue was driven by strong sales of servers designed for artificial intelligence (AI) work. HPE's server business generated $3.87 billion in revenue, with sales of AI-oriented systems doubling from the previous quarter to over $900 million. The company attributed the increase in AI systems sales to higher demand and improved availability of high-powered semiconductors from Nvidia Corp. HPE's backlog for AI systems is now $3.1 billion. [Extracted from the article]

Hewlett Packard Enterprise (HPE) shares have surged by 16% in premarket trading after the company reported better-than-expected revenue in the second quarter. The increase in revenue was driven by strong sales of servers designed for artificial intelligence (AI) work, which doubled from the first quarter to over $900 million. HPE's CEO, Antonio Neri, attributed the increase in AI systems sales to increased demand and better availability of high-powered semiconductors from Nvidia Corp. HPE's current backlog for AI systems is $3.1 billion, and the company has raised its revenue outlook for the fiscal year. However, some analysts believe that other business lines, such as networking, may be dragging down the results. [Extracted from the article]

Hewlett Packard Enterprise (HPE) has reported strong sales in its fiscal second quarter, with revenue increasing by 3.3% to $7.2 billion, beating analysts' estimates. The company's server business was the main driver of this growth, generating revenue of $3.87 billion. Sales of AI-oriented systems also doubled from the first quarter to over $900 million, due to increased demand and better availability of high-powered semiconductors from Nvidia Corp. HPE's current backlog for AI systems is $3.1 billion, and the company has raised its revenue outlook for the fiscal year to a gain of 1% to 3%. [Extracted from the article]

Hewlett Packard Enterprise (HPE) has reported strong sales in its fiscal second quarter, with revenue increasing by 3.3% to $7.2 billion, beating analysts' estimates. The company's server business was the main driver of this performance, generating sales of $3.87 billion. Sales of AI-oriented systems also doubled to over $900 million compared to the previous quarter, thanks to increased demand and better availability of high-powered semiconductors from Nvidia Corp. HPE's CEO, Antonio Neri, believes that the market will start to recognize the potential of their AI server business following this announcement. HPE has raised its revenue outlook for the fiscal year to a gain of 1% to 3%. [Extracted from the article]

Salesforce Inc. has given a sales outlook for the current quarter that fell short of estimates, leading to concerns about a slowdown in growth for the software giant. The company expects revenue to increase by about 8% to $9.25 billion, while analysts had estimated $9.35 billion. Salesforce has been focusing on improving profit, which has led to sliding sales growth. The company has emphasized the potential of artificial intelligence-oriented software and features to boost revenue, as well as increased buybacks and a dividend. The stock fell 14% in extended trading following the announcement. [Extracted from the article]

Intuit Inc., the maker of TurboTax and other finance software, reported higher-than-expected revenue for the fiscal third quarter, driven by increased usage of higher-priced features. However, investors were disappointed with the performance of Intuit's other products, causing the company's shares to decline. Sales from the QuickBooks unit, which targets small businesses and self-employed users, were in line with estimates. Intuit has been investing in live-assistance and artificial intelligence tools to make TurboTax more appealing to users with complex tax situations, resulting in a 10% increase in average user spending. While the number of free TurboTax users decreased by 1 million compared to the previous year, some users may have opted for a limited IRS-run pilot for free tax software. Intuit expects revenue for the current quarter to be higher than analyst estimates, but profit to be slightly lower. The company also announced that the CEO of Credit Karma, a service acquired by Intuit, will be departing at the end of the year. [Extracted from the article]

Intuit Inc., the maker of TurboTax and other finance software, reported higher-than-expected revenue for the fiscal third quarter, with a 12% increase to $6.74 billion. The company's focus on appealing to users with more complicated tax situations, through investments in live-assistance and artificial intelligence tools, seemed to pay off as the average TurboTax user spent 10% more on their filing compared to the previous year. However, Intuit lost 1 million free users this tax season, potentially due to some users opting for a limited IRS-run pilot for free tax software. Sales from the QuickBooks unit, aimed at small businesses and self-employed users, also increased by 18% to $2.4 billion. Intuit's loan-aggregating service, Credit Karma, will now be run by Joe Kauffman, with its founder, Kenneth Lin, leaving the company at the end of the year. Intuit expects Credit Karma sales to increase by about 2% to $1.66 billion for the full year. [Extracted from the article]

Super Micro Computer Inc. experienced a significant drop in its stock price after reporting quarterly sales that fell slightly short of expectations. Despite the company's strong performance in the AI-related market, investors were disappointed by the results. Super Micro has seen substantial growth in recent quarters due to increased demand for equipment used in artificial intelligence training and applications. However, concerns remain about potential competition from chipmaker Nvidia Corp. The company's revenue for the next quarter is projected to be higher than analysts' estimates. [Extracted from the article]

Super Micro Computer Inc. experienced a significant drop in pre-market trading after reporting quarterly sales that fell slightly short of expectations. Despite the company's revenue in the fiscal third quarter climbing to $3.85 billion, just below the consensus estimate of $3.86 billion, investors were disappointed as they had high expectations for the server maker's business benefiting from AI-related demand. Super Micro's growth rates have been increasing due to deals with large corporations and an improved supply of high-powered chips, but concerns remain about potential competition from Nvidia Corp. The company's revenue in the next quarter is projected to be between $5.1 billion and $5.5 billion, higher than analysts' average estimate of $4.73 billion. [Extracted from the article]

Super Micro Computer Inc. reported quarterly sales of $3.85 billion, which tripled from the same period last year but fell slightly short of estimates. The company's revenue growth has been driven by increased demand for equipment used in artificial intelligence training and applications. Despite the strong performance, the stock dropped about 13% in extended trading. The company's CEO expressed confidence in gaining market share with the release of new products, and the CFO highlighted the potential for strong growth fueled by improving supply chains and new products. Analysts project revenue of $5.1 billion to $5.5 billion for the next quarter. [Extracted from the article]

Super Micro Computer Inc. reported quarterly sales of $3.85 billion, which tripled from the same period last year but fell slightly short of estimates. The company's growth has been driven by increased demand for equipment used in artificial intelligence training and applications. Despite the strong performance, the stock dropped about 7% in extended trading. Analysts are cautious about the potential impact of Nvidia Corp., the world's most valuable chipmaker, on Super Micro's revenue. The company expects revenue in the next quarter to be between $5.1 billion and $5.5 billion. [Extracted from the article]