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Adobe Inc. provided a lower-than-expected sales forecast, raising concerns about potential disruption from AI-based startups. The company announced projected revenue of $23.4 billion for the fiscal year ending in November 2025, with earnings per share estimated between $20.20 and $20.50. Adobe has been incorporating generative AI features into its software, such as the Firefly model in Photoshop, and plans to introduce a new, higher-priced Firefly offering with video models. Despite a 11% increase in new creative software business revenue, Adobe's stock fell 8% in extended trading, reflecting investor worries about competition from AI-focused firms like OpenAI and Runway AI. [Extracted from the article]

Zoom Video Communications Inc. has projected a revenue of about $1.18 billion for the current quarter, falling short of investor expectations despite the company's expanded product offerings. The company's stock declined by 2% in extended trading, even though its outlook met estimates. Zoom has diversified its tools beyond videoconferencing to include phone systems, a contact center application, and AI assistants, with former Microsoft executive Michelle Chang joining as CFO. Additionally, Zoom has rebranded as Zoom Communications Inc. and announced a $1.2 billion share buyback program. [Extracted from the article]

Intuit Inc., the company behind TurboTax, saw its stock drop after providing a sales and profit outlook for the current quarter that fell below analysts' expectations. Despite this, the company reaffirmed its fiscal year forecast. Intuit is focusing on integrating artificial intelligence features into its software, including launching an AI assistant tool for QuickBooks. The company's stock declined after reports of a potential government mobile app for tax filing, but sales in the first quarter rose 10%, driven by Credit Karma. [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]

Super Micro Computer Inc. experienced a significant drop in its stock value after issuing a lower-than-expected sales forecast and failing to provide a timeline for filing its financial statements. The company's shares have plummeted by 77% since their peak in March, with concerns raised about accounting issues and the departure of its auditor, Ernst & Young LLP. Super Micro faces the risk of being delisted by Nasdaq Inc. due to its failure to file financial disclosures, and analysts are cautious about the company's future prospects. [Extracted from the article]

Super Micro Computer Inc. provided a sales forecast below analysts' expectations and could not determine when it would file official financial statements for the previous fiscal year. The company's shares dropped by 16% in extended trading. Despite an investigation finding no evidence of fraud or misconduct, concerns about governance and transparency led to the resignation of its auditor, Ernst & Young LLP. Super Micro's failure to file its financial disclosure and the departure of E&Y have put the company at risk of being delisted by Nasdaq Inc. and removed from the index. [Extracted from the article]

Super Micro Computer Inc. provided a sales forecast that was below analysts' expectations and indicated uncertainty about when it would file its financial statements for the previous fiscal year. The company's shares fell by about 10% in extended trading following the announcement. Super Micro has faced challenges, including missing a financial report deadline, the resignation of its auditor, and allegations of financial misconduct, leading to a significant drop in its stock value. The company is working to address these issues to avoid being delisted by Nasdaq Inc. and is under pressure to restore investor confidence. [Extracted from the article]

Oracle Corp. has projected that its annual revenue will reach at least $104 billion by fiscal 2029, signaling optimism for the growth of its cloud infrastructure business. The company's shares reached record highs following the announcement. Oracle, known for its database software, is focused on expanding its presence in cloud infrastructure to compete with Amazon, Microsoft, and Google. The company has also made deals with its larger rivals to allow its database software to run more easily on their platforms. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Adobe Inc. shares have experienced a significant decline after the company issued a disappointing sales outlook. Investors are eager to see new artificial intelligence (AI) tools generate revenue for the company, as Adobe has been incorporating AI features into its software. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing concern among investors. While Adobe is focused on ensuring customers utilize its AI innovations, investors were expecting more tangible results from AI in the second half of the fiscal year. Despite this setback, Adobe's document-processing software has exceeded expectations, with a significant increase in the use of AI within Document Cloud. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Adobe Inc. saw a decline in its stock price after its revenue forecast for the current quarter fell short of Wall Street estimates. The company has been incorporating artificial intelligence (AI) features into its software, such as its proprietary AI model, Firefly, in products like Photoshop and Illustrator. However, there is concern among investors that AI could impact the business of traditional software companies like Adobe. One way Adobe is trying to capitalize on its AI features is by increasing prices for its creative software. In the fiscal third quarter, Adobe's sales increased by 11% to $5.41 billion. [Extracted from the article]

Oracle Corp. has projected that its annual revenue will reach $104 billion by fiscal year 2029, indicating optimism about the growth potential of its cloud infrastructure business. The company also raised its sales outlook for fiscal year 2026 to at least $66 billion. Oracle, known for its database software, is focused on expanding its presence in cloud infrastructure to compete with Amazon, Microsoft, and Google. The company's shares rose by about 5% after the announcement. Oracle has also made deals with its larger cloud infrastructure rivals to facilitate the use of its database software on their platforms. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Oracle Corp. has projected that its annual revenue will reach $104 billion by fiscal year 2029, indicating optimism about the growth potential of its cloud infrastructure business. The company also raised its sales outlook for fiscal year 2026 to at least $66 billion. Oracle, known for its database software, is focused on expanding its presence in cloud infrastructure to compete with Amazon, Microsoft, and Google. The company's shares rose by about 5% after the announcement. Oracle has also made deals with its larger cloud infrastructure rivals to facilitate the use of its database software on their platforms. [Extracted from the article]

Workday Inc. has maintained its fiscal-year outlook and reported subscription sales in line with estimates. The company's subscription revenue, which makes up most of its total sales, increased by 17% to $1.9 billion in the fiscal second quarter. Workday also announced a $1 billion share buyback program. However, the company's shares declined by about 5.8% in extended trading. Workday has been introducing new features and trying to expand its customer base under CEO Carl Eschenbach. Analysts had predicted potential negative effects on software makers like Workday due to corporate job reductions. The company's near-term subscription backlog was $6.8 billion, slightly higher than analysts' expectations. Workday reported a profit of $1.75 per share, excluding some items, compared to an 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]

Super Micro Computer Inc. reported lower-than-expected quarterly revenue and profit, causing its stock to fall over 10% in extended trading. While the company's annual sales outlook exceeded Wall Street projections, investors are concerned about the long-term profitability of AI-optimized servers sold by Super Micro and other companies. Super Micro executives outlined a plan to reach their traditional gross margin target range, and the company announced a 10-for-1 stock split. Despite a decline in stock value from its peak in March, Super Micro's shares have more than doubled in value this year. [Extracted from the article]

Super Micro Computer Inc. has reported lower-than-expected quarterly revenue and profit, causing concerns about the profitability of AI-optimized servers. The company's profit was $6.25 per share, falling short of its previous forecast and analyst estimates. However, Super Micro's annual sales outlook exceeded Wall Street projections, with a forecasted revenue of $26 billion to $30 billion for the fiscal year ending in 2025. Despite this, investors remain worried about the long-term profitability of AI servers. Super Micro's shares initially rose in extended trading but later dropped about 8%. The company also announced a 10-for-1 stock split. [Extracted from the article]

Super Micro Computer Inc. has provided a strong sales forecast for the fiscal year ending June 30, 2025, with revenue expected to be between $26 billion and $30 billion. This forecast exceeds analysts' expectations, which were estimated at $23.6 billion. The demand for equipment used in artificial intelligence (AI) tasks has contributed to Super Micro's sales growth, as businesses invest in servers and chips to support AI training and applications. The company's stock has more than doubled in value this year, although it has experienced a decline of about 48% from its peak in March. In the fiscal fourth quarter, sales more than doubled to $5.31 billion, and profit was $6.25 per share. [Extracted from the article]

Salesforce Inc. shares dropped by 17% in premarket trading after the company announced that its sales growth in the current quarter will be the slowest in its history. The company expects revenue to rise by up to 8% to $9.25 billion, which would be the first quarter of single-digit sales growth in almost two decades. Analysts had estimated revenue to be $9.35 billion. Investors have been concerned about Salesforce's declining sales growth and its focus on improving profit. The company has emphasized the potential of artificial intelligence to boost revenue but analysts do not expect this to happen until 2025 or 2026. Salesforce's Data Cloud, which organizes information for analysis and artificial intelligence, increased by 24% to $1.4 billion. The company has also considered acquiring Informatica Inc., a maker of data-organization software, but talks did not progress. In the fiscal first quarter, revenue increased by 11% to $9.13 billion. The company's current remaining performance obligation, a measure of contracted sales, increased by 10% to $26.4 billion, which was below estimates. Customers were more cautious in the quarter, making smaller purchases and taking longer to sign new deals. [Extracted from the article]

Salesforce Inc. shares dropped by 17% in premarket trading after the company announced that its sales growth in the current quarter will be the slowest in its history. The company expects revenue to rise by up to 8% to $9.25 billion, which would be the first quarter of single-digit sales growth in almost two decades. Analysts had estimated revenue to be $9.35 billion. Investors have been concerned about Salesforce's declining sales growth and its focus on improving profit. The company has emphasized the potential of artificial intelligence to boost revenue but analysts do not expect this to happen until 2025 or 2026. Salesforce's Data Cloud, which includes its artificial intelligence capabilities, increased by 24% to $1.4 billion. The company has also considered acquiring Informatica Inc., a data-organization software maker, but talks did not progress. In the fiscal first quarter, revenue increased by 11% to $9.13 billion. The company's current remaining performance obligation, a measure of contracted sales, increased by 10% to $26.4 billion, which was below estimates. Customers were more cautious in the quarter, making smaller purchases and taking longer to sign new deals. [Extracted from the article]

Salesforce Inc. experienced a drop in its stock price after announcing that sales growth in the current quarter will be the slowest in its history. The company expects revenue to rise by up to 8% to $9.25 billion, which would be the first quarter of single-digit sales growth in almost two decades. Analysts had estimated higher revenue at $9.35 billion. Salesforce has been focusing on improving profit and investing in artificial intelligence tools to boost revenue. However, some analysts question if the company's emphasis on AI is coming at the expense of expansion. The stock dropped by 16% in extended trading. [Extracted from the article]

Salesforce Inc. experienced a significant drop in its stock price after announcing that sales growth in the current quarter will be the slowest in its history. The company expects revenue to rise by up to 8% to $9.25 billion, which would be the first quarter of single-digit sales growth in almost two decades. Analysts had estimated revenue to be $9.35 billion. Salesforce has been focusing on improving profit and investing in artificial intelligence-oriented software to boost revenue. However, concerns have been raised about whether the company's emphasis on AI is coming at the expense of expansion. The stock price dropped to $223.10 in extended trading. [Extracted from the article]

Salesforce Inc. experienced a drop in its stock price after announcing that sales growth in the current quarter will be the slowest in its history. The company expects revenue to rise by up to 8% to $9.25 billion, which would be the first quarter of single-digit sales growth in almost two decades. Analysts had estimated higher revenue at $9.35 billion. Salesforce has been focusing on improving profit and investing in artificial intelligence tools to boost revenue. However, some analysts question if the company's emphasis on AI is coming at the expense of expansion. The stock dropped by 16% in extended trading. [Extracted from the article]

C3.ai Inc., a software company specializing in artificial intelligence (AI), has provided a positive sales forecast for fiscal 2025, with revenue expected to be between $370 million and $395 million. This estimate surpasses analysts' expectations and reflects the growing demand for AI features. Despite experiencing some challenges due to transitioning to consumption-based pricing, C3.ai's upbeat outlook has resulted in a surge in stock prices. In the fiscal fourth quarter, the company's revenue increased by 20% to $86.6 million, exceeding estimates. While the report has alleviated concerns about execution and product adoption, attention is needed due to a decrease in the number of closed agreements. [Extracted from the article]

Salesforce Inc. experienced a drop in its stock price after announcing that sales growth in the current quarter will be the slowest in its history. The company expects revenue to rise by up to 8% to $9.25 billion, which would be the first quarter of single-digit sales growth in almost two decades. Analysts had estimated revenue to be $9.35 billion. Salesforce has been focusing on improving profit and investing in artificial intelligence tools to boost revenue. However, some analysts question if the company's emphasis on AI is coming at the expense of expansion. The stock dropped by 16% in extended trading. [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]

Super Micro Computer Inc. has provided a strong sales forecast for the upcoming quarter, exceeding analysts' expectations. The company's revenue is projected to be between $5.1 billion and $5.5 billion, with a profit of up to $8.42 per share. Super Micro's sales have been driven by increased demand for equipment used in artificial intelligence training and applications, as well as partnerships with large corporations and improved chip supply. Despite a recent drop in stock value due to a share sale, the company's shares rose over 5% in after-hours trading. However, there is investor concern about potential competition from Nvidia Corp., a leading chipmaker. [Extracted from the article]

Adobe Inc. saw a drop in its stock price after announcing a weak sales outlook for the current quarter. The company's revenue is projected to be $5.25 billion to $5.3 billion, slightly below analysts' expectations. Concerns about competition from new AI startups, such as OpenAI, have contributed to investor anxieties. Adobe has been incorporating its proprietary AI model, Firefly, into its products to address these concerns. However, investors are still waiting to see the financial impact of these AI features. Despite these challenges, Adobe remains optimistic about its AI initiatives. [Extracted from the article]

Adobe Inc. saw a drop in its stock price after providing a weak sales outlook for the current quarter, raising concerns about competition from new AI-focused startups. The company's revenue is projected to be $5.25 billion to $5.3 billion, slightly below analysts' expectations. Adobe has been incorporating its proprietary AI model, Firefly, into its top products to address competition, but a recent demonstration by OpenAI's video-generation model reignited investor concerns. The company expects to generate $440 million in new recurring creative business this quarter, which disappointed investors hoping for greater financial impact from the new AI features. [Extracted from the article]

Adobe Inc. has projected weak sales for the current quarter, raising concerns about competition from new AI-focused startups. The company's revenue is expected to be between $5.25 billion and $5.3 billion, slightly below analysts' average estimate of $5.31 billion. Adobe has been incorporating its proprietary AI model, Firefly, into its top products to address competition, but a recent demonstration by OpenAI has reignited investor concerns. The company's shares dropped about 9% in extended trading following the announcement. In response to regulatory pressure, Adobe has abandoned its planned merger with Figma Inc. and may explore the product category through partnerships. [Extracted from the article]

Oracle Corp. has reported strong sales, with its cloud computing business experiencing stable growth. Cloud revenue increased by 25% to $5.1 billion, surpassing Wall Street's estimate of $5.06 billion. The company is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google. Oracle's stock rose more than 8% in extended trading. Total sales in the fiscal third quarter increased by 7.1% to $13.3 billion, in line with analysts' estimates. [Extracted from the article]

Zoom Video Communications Inc. has reported quarterly sales and profit that exceeded analysts' estimates, indicating that corporate customers are remaining loyal to the software company. The company's shares rose by over 10% in extended trading. Zoom also announced a $1.5 billion share buyback, following a $1 billion authorization that expired this month. Despite experiencing a sales slowdown and increased competition from Microsoft Corp., Zoom has expanded its product line to attract more corporate clients. The company's CEO, Eric Yuan, emphasized their dedication to innovation and improving customer experience. [Extracted from the article]

Zoom Video Communications Inc. has reported quarterly sales and profit that exceeded analysts' expectations, indicating that corporate customers are remaining loyal to the software company. The company also announced a $1.5 billion share buyback, following a previous $1 billion authorization. Zoom has experienced a slowdown in sales after a period of rapid growth during the pandemic, facing competition from Microsoft Corp. and losing some consumers. However, the company is expanding its product line to attract more corporate clients and has seen growth in its contact center licenses and enterprise revenue. Zoom projects revenue of approximately $4.6 billion for the fiscal year ending in January 2025. [Extracted from the article]

Adobe Inc. has given a lukewarm sales outlook for 2024, disappointing investors who were expecting new generative artificial intelligence (AI) tools to quickly boost the company's results. The company announced that revenue will be around $21.4 billion in the fiscal year ending in December 2024, with a profit of up to $18 per share. Analysts had estimated higher sales and adjusted profit. Adobe's annual outlook caused shares to decline by about 6% in extended trading. The company's digital media unit, which includes popular software like Photoshop and Illustrator, also fell short of analyst estimates for annual recurring revenue. Some analysts believe that Adobe's generative AI products may take longer than anticipated to make a meaningful contribution. However, Adobe's CEO remains optimistic about the company's future prospects. The company is also facing regulatory challenges, including an investigation by the US Federal Trade Commission into its subscription cancellation practices. [Extracted from the article]

Adobe Inc. has given a lukewarm sales outlook for 2024, disappointing investors who were expecting new generative artificial intelligence (AI) tools to boost the company's results. The company expects revenue to be around $21.4 billion in the fiscal year ending in December 2024, with a profit of up to $18 per share. Analysts had estimated higher sales and adjusted profit. Despite recent announcements and focus on AI technology, Adobe's annual outlook has caused shares to decline. The company's digital media unit, which includes popular software like Photoshop and Illustrator, also fell short of analyst estimates. Additionally, Adobe's acquisition of design software startup Figma Inc. has been delayed by regulatory reviews, and the company is facing investigations by the US Federal Trade Commission regarding its subscription cancellation practices. [Extracted from the article]

Dell Technologies Inc. reported lower-than-expected revenue for the fiscal third quarter, with sales falling 10% to $22.3 billion. The decline was primarily due to sluggish corporate demand for personal computers, as the client solutions group, which includes corporate and consumer PC sales, dropped 11%. However, Dell's server business performed well, with revenue reaching $4.66 billion, surpassing analysts' estimates. Despite the challenges faced by the PC market, Dell expects revenue growth in the next fiscal year, driven by a broader IT spending recovery, particularly among large corporate and enterprise customers in the US. [Extracted from the article]

Dell Technologies Inc. reported lower-than-expected revenue for the fiscal third quarter, with a 10% decline to $22.3 billion. This was primarily due to sluggish corporate demand for personal computers, as the client solutions group, which includes corporate and consumer PC sales, dropped 11%. However, Dell's server business performed well, with revenue of $4.66 billion, surpassing analysts' estimates. Despite the challenges faced by the PC market in the past 18 months, analysts are beginning to see signs of recovery, and Dell expects revenue growth in the upcoming fiscal year. [Extracted from the article]

Snowflake Inc., a software maker, has given a positive sales outlook for the current quarter, surpassing expectations. The company expects product revenue to increase by about 30% to $721 million, higher than the average estimate of $702.2 million. Snowflake's revenue growth has slowed down in the past year due to companies scrutinizing their software spending. However, the CEO is optimistic about the future, citing a stabilizing macro environment and increased demand for the company's software driven by artificial intelligence. Snowflake's stock rose by 7% in extended trading after the announcement. [Extracted from the article]

HP Inc. reported lower-than-expected quarterly sales, with revenue falling 6.5% to $13.8 billion. Sales of computers to businesses also slipped 11% from the previous year. The PC market has been struggling due to decreased demand during the pandemic, but analysts are starting to see signs of improvement. HP's CEO expects improvements in the new year, with corporate demand stabilizing and consumer spending picking up. The company's weaker-than-expected first quarter outlook means they will need a strong second half of 2024 to meet their full-year guidance. [Extracted from the article]

HP Inc. reported lower-than-expected quarterly sales due to corporations delaying the purchase of new computers. The company's revenue fell 6.5% to $13.8 billion, with sales of computers to businesses declining by 11% to $6.21 billion. However, HP's CEO, Enrique Lores, expressed optimism for improvement in the new year, citing stabilizing corporate demand and increased consumer spending during the upcoming holidays. Analysts also noted that the PC market had moved past its lowest point. HP affirmed its full-year profit guidance and reported a fiscal fourth-quarter adjusted profit in line with estimates. [Extracted from the article]

Zoom Video Communications Inc. has reported better-than-expected revenue in its fiscal third quarter, driven by strong enterprise sales. The company's revenue increased by 3.2% to approximately $1.14 billion, surpassing analysts' estimates. Zoom has been focusing on business customers and has added features such as word processing and artificial intelligence to enhance its videoconferencing service. While the company's revenue forecast for the current quarter fell slightly short of expectations, analysts view the results as encouraging, particularly in offsetting a slowdown in its consumer unit. Zoom's stock gained about 1% in extended trading. [Extracted from the article]

Zoom Video Communications Inc. has reported better-than-expected revenue in its fiscal third quarter, driven by strong enterprise sales. The company's revenue increased by 3.2% to approximately $1.14 billion, surpassing analysts' estimates. Zoom has been focusing on business customers and has added features such as word processing and artificial intelligence to enhance its videoconferencing service. Enterprise revenue rose by 7.5% to $661 million, with the number of clients contributing over $100,000 in revenue increasing by almost 14%. Despite concerns about a post-pandemic decline in customers, Zoom reported its slowest rate of customer churn in the quarter. The company has provided a revenue forecast for the current period in line with analysts' estimates. [Extracted from the article]

Some investor enthusiasm was dashed last week when Oracle reported that cloud sales in the quarter had increased 30% compared with a 54% jump in the previous period. (Bloomberg) -- Oracle Corp. expects to generate about $65 billion in annual revenue by fiscal year 2026, an outlook executives first provided a year ago, in a lukewarm message to investors disappointed by the software maker's most-recent quarterly results. [Extracted from the article]