Tag: cent
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IBM raises annual software revenue outlook as deal delays ease
Oct 21 : IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected third-quarter earnings.In an interview with Reuters, Kavanaugh said IBM
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Germany’s SAP lifts 2026 revenue expectations to top of range after backlog beat
Oct 21 : Europe’s largest tech company SAP achieved a €10 billion ($11.2 billion) quarterly revenue milestone for the first time on Wednesday, while reporting a 26 per cent rise in current cloud backlog and moving its 2026 revenue expectations to the upper end of its outlook range.Cloud revenue rose 26 per
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Wall St sees Tesla-SpaceX merger as inevitable, but split on price
Oct 21 : A Tesla-SpaceX merger appears to be a matter of when, not if, to many on Wall Street. But they disagree on a key factor: how much Tesla shareholders should be paid.That tension runs through a deal where predictions on the premium Tesla shareholders would get to swap into a stock of SpaceX…
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Wall St says Tesla-SpaceX deal inevitable but Musk says it’s not certain
Oct 21 : Elon Musk sees “a lot of merit” in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way.That tension runs through a deal that many analysts call inevitable. Musk, a…
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Super Micro climbs after upbeat forecast shows robust AI demand
Oct 21 : Super Micro Computer jumped nearly 13 per cent on Wednesday after it forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling that AI data center demand remains resilient. Shares of the AI server maker rose 12.7 per cent to $36.69 in premarket trading. He
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BOJ to raise rates to 1.50% in December, sticking to quarterly pace: Reuters poll
TOKYO, Oct 21 : The Bank of Japan will raise interest rates in December to 1.50 per cent, following June and September increases, according to a majority of economists in a Reuters poll, keeping up a quicker pace in a campaign that started with just one rate rise a year.Rising energy and import costs, worsen
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Dow outperforms as Wall Street rises, healthcare stocks lead gains
NEW YORK: The Dow rose 1 per cent on Tuesday (Oct 20), outperforming the benchmark S&P 500 while the healthcare sector provided Wall Street’s biggest boost and technology was its biggest drag.Healthcare .SPXHC led gains among the S&P 500’s 11 major sector indexes, h
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Super Micro sees quarterly revenue soaring on AI server boom
Oct 20 : Super Micro Computer said on Tuesday it expects quarterly revenue and profit margin well above Wall Street estimates as the server maker benefits from relentless AI data center demand, sending its shares 11.3 per cent higher in after-hours trading. Rivals Dell and HPE gained between 3.5 per cent and
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Dollar dips as traders weigh Iran, AI risks
NEW YORK, Oct 20 : The US dollar slipped on Tuesday in line with falling oil prices and longer-dated Treasury yields as traders evaluated the impact of rising tensions in the US war with Iran and the durability of strong capital inflows into US AI companies.Oil prices slipped after touching a five-month high
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Wall Street gains as healthcare stocks rally, oil prices fall
NEW YORK: Wall Street’s main indexes climbed on Tuesday (Oct 20) as healthcare stocks hit a record high and easing oil prices boosted investor sentiment, while markets continued to stabilise following last week’s technology-led selloff.Brent crude was trading 1.3 pe
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