Tag: annual forecasts,
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HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
Sept 2 : Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street expectations, as surging AI-related demand across networking and servers drove growth across its business.Shares of the company, however, fell 8 per cent in extended trading.
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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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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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Synopsys raises annual forecasts on AI-driven chip design software demand
Aug 26 : Synopsys on Wednesday raised its annual revenue and profit forecasts, as the AI boom drives investments in chips and infrastructure, boosting demand for the firm’s chip design software. AI-related design demand has risen sharply as chipmakers invest in more advanced semiconductor systems, while tech
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Global Payments cuts annual forecasts as Middle East conflict hits travel spending
Aug 5 : Payment technology company Global Payments cut its annual net revenue and profit forecasts on Wednesday amid economic uncertainty linked to the war in the Middle East. Shares of the company, which are up 14 per cent so far this year, fell about 2.7 per cent in premarket trading following results.
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Cadence raises annual forecasts as demand booms for AI chip design
July 27 : Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.Shares of the company rose more than 5 per cent in extended trading.The company’s electronic design automation (EDA) tools are used to d
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Verizon lifts annual forecasts, signs $1 billion fiber deal with Google
July 24 : Verizon raised its annual adjusted profit forecast and said it had secured a more than $1 billion deal with Google to provide dark fiber connectivity for its data centers, sending the telecom operator’s shares up 3 per cent.More agreements are expected by the year-end that could generate multiple bi
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Verizon lifts annual forecasts as new mobile plans spur subscriber gains
July 24 : Verizon raised its annual forecast for adjusted profit and free cash flow, as the network provider’s latest unlimited 5G plans and rewards programs helped it add more wireless subscribers than expected in the June quarter. Shares of the company were up 3 per cent in premarket trading on Friday.
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Hasbro raises annual forecasts on digital gaming demand, ‘Magic’ boost
July 21 : Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in “Magic: The Gathering” despite an uncertain consumer spending environment.Shares of the “Dungeons & Dragons” maker were up about 2 per cent in prema
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