Tag: forecast
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Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise
July 29 : Microsoft on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after changing how it accounts for long-term data center leases.The company also forecast sales and cloud growth that beat expectations for its c
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Accenture strikes $4.18 billion cybersecurity deal, shares fall on weak forecast
June 18 : Accenture unveiled $4.18 billion in cybersecurity acquisitions on Thursday to push deeper into the booming sector, as a weak sales forecast sent its shares down 14 per cent and underscored the pressure AI tools exert on its consulting business.The premarket drop followed the company’s fourth-quarter
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Electronics firm Jabil raises annual profit forecast on strong data center demand
June 17 : Jabil raised its 2026 profit forecast on Wednesday, as the electronic-component maker looks to capitalize on AI-led demand for data centers, sending its shares up by more than 10 per cent in morning trading. A surge in data-center infrastructure spending, driven by strong demand for AI computing pow
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Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
(Corrects typo in headline)By Anhata Rooprai, Zaheer Kachwala and Stephen NellisJune 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in ext
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Broadcom’s sales and AI chip forecast comes in below expecations, shares tumble
June 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in extended trading.Second-quarter revenue of $22.19 billion missed estimates of $22.27 billio
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