Tag: revenue
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OpenAI’s annualized recurring revenue nears $70 billion, source says
Sept 29 : OpenAI’s annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday.The startup’s annualized revenue run rate has risen by more than 70 per cent since the beginning of the t
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BlackBerry lifts annual revenue forecast on strength in automotive software business
Sept 24 : BlackBerry raised its full-year revenue forecast on Thursday after its QNX software business reported record quarterly revenue, driven by growth in automotive and new design wins.US-listed shares of the company rose about 3 per cent in premarket trading. Revenue at BlackBerry’s QNX division
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Nvidia-backed AI cloud firm Nscale reveals revenue surge in US IPO filing
Sept 18 : Nscale, a British cloud provider backed by chip giant Nvidia, said on Friday its revenue surged 1,252 per cent in the first half of 2026, as it looks to tap investor appetite for AI stocks.The London-based company posted a net loss of $1.02 billion on revenue of $140.6 million in the six…
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Oracle tops estimates as AI demand tempers cash-burn fears
Sept 10 : Oracle topped Wall Street estimates for quarterly results on Thursday and reported a smaller cash burn than expected, offering investors confidence that its AI investments were generating returns without squeezing its balance sheet.Shares of the company, which have slumped more than 21 per cent this
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Adobe beats third-quarter revenue estimates on AI product demand
Sept 10 : Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow.The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according to data compiled by LSEG.
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Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
Sept 10 : Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen more than 20 per cent this year, rose nearly
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STMicro’s 2027 AI revenue to be four-fifths optics, CFO says
Sept 9 : About 80 per cent of the more than $2 billion in AI data-centre revenue STMicroelectronics is targeting for 2027 will come from chips used in fibre-optic data links, its finance chief said on Wednesday, providing the first breakdown of a target the company raised in July. The remaining 20 per cent
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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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