Tag: revenue
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Snowflake lifts annual revenue forecast on cloud and AI demand, shares soar
Sept 2 : Snowflake on Wednesday beat Wall Street estimates for quarterly results and raised its full-year product revenue forecast as demand rises for its cloud data platform and AI offerings, sending shares surging over 20 per cent in extended trading. The company has benefited from demand for its core cloud
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Snowflake lifts annual product revenue forecast, shares soar
Sept 2 : Snowflake raised its full-year product revenue forecast on Wednesday, betting on strong demand for its cloud data platform and AI offerings, sending its shares up more than 20 per cent in extended trading. The company now expects fiscal 2027 product revenue of $6.07 billion, compared with its previo
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Dell again lifts annual forecasts as AI demand powers record results
Sept 1 : Dell Technologies on Tuesday boosted its annual revenue forecast by $25 billion while also raising its profit outlook for the second time this year, driven by soaring demand for its AI servers.Dell’s shares rose 7 per cent in extended trading.The servers, equipped with Nvidia’s chips, are soug
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OpenAI’s ad business hits $1 billion annualized revenue run rate
Aug 31 : OpenAI on Monday said ChatGPT Ads, the company’s advertising business, has reached $1 billion in annualized revenue run rate, as adoption picks up and global expansion rolls out.The company started testing ads in ChatGPT U.S. earlier this year and has steadily expanded to add advertisers and tap into
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Marvell selloff deepens as investors seek clarity on Google AI deal payoff
Aug 28 : Chip designer Marvell Technology’s shares fell more than 8 per cent to $221.6 in early trading on Friday as investors looked beyond the company’s solid results in search of fresh clues for long-term growth.Marvell has become a market darling fueled by the AI spending boom as Big Tech races to adopt c
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Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results
Aug 28 : Marvell Technology’s shares fell 8 per cent to $223.1 in premarket trading on Friday as concerns about the potential upside from its AI chip deal with Google overshadowed better-than-expected results from the semiconductor designer.The company secured a custom-chip deal with Alphabet’s Google last we
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Marvell raises annual forecasts, but shares fall as Google deal questions linger
Aug 27 : Marvell Technology failed to provide a meaningful increase to its long-term revenue outlook despite signing a major new AI chip agreement with Google, disappointing investors looking for evidence that the deal would accelerate growth sooner.The chipmaker’s shares slid over 6 per cent after hours on T
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Salesforce raises annual forecasts, expands AI partnership with Anthropic
Aug 26 : Salesforce lifted its annual revenue and profit forecasts on Wednesday and rolled out a new plug-in combining its capabilities with Anthropic’s Claude AI models, sending its shares up 14 per cent in extended trading. Dubbed “Claudeforce”, the initiative marks an expansion in the companies’ partnershi
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Salesforce raises annual revenue forecasts, expands AI partnership with Anthropic
Aug 26 : Salesforce lifted its full-year revenue forecast and announced an expanded partnership with AI giant Anthropic on Wednesday, sending the enterprise software company’s shares up 14 per cent in extended trading.The companies’ new “Claudeforce” initiative will integrate Anthropic’s Claude AI models acro
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Salesforce raises annual revenue forecasts on AI product momentum
Aug 26 : Salesforce raised its annual revenue forecast on Wednesday, signaling confidence that enterprise adoption of its new AI-powered autonomous agents will accelerate sales, sending its shares up 12 per cent in extended trading.The enterprise software giant and Anthropic announced an expanded partnership,
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