Tag: raises annual
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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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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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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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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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CrowdStrike raises annual revenue forecast on strong cybersecurity demand
Aug 26 : CrowdStrike beat second-quarter earnings estimates and raised its annual revenue forecast on Wednesday, as demand for its cloud-based cybersecurity platform continued to grow.Shares of the Austin, Texas-based company rose more than 10 per cent in extended trading.• CrowdStrike is a cloud-nat
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Cloudflare raises annual outlook above market estimates on AI-driven demand
Aug 6 : Cloudflare raised its full-year revenue forecast above Wall Street expectations after strong quarterly results, betting that the rapid rise of AI agents will keep driving traffic across its network, sending its shares up 18 per cent after the bell.The race to build and scale AI agents has led more bus
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Gen Digital raises annual forecast on strong cybersecurity demand
Aug 6 : Gen Digital raised full-year revenue and profit forecast on Thursday, signaling robust demand for its family of cybersecurity products in the face of growing AI-powered online threats.The digital security company has been capitalizing on a heightened threat environment, where generative AI tools are m
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