Nvidia stock surges as revenue forecast tops estimates, AI demand continues
By Arsheeya Bajwa and Max A. Cherney (Reuters) – Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering…
China’s Lenovo posts Q3 revenue growth, beats analyst estimates
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group, the world’s largest maker of personal computers, on Thursday reported October-December revenue of $15.72 billion, up 3% from the same…
Cisco to cut more than 4,000 jobs, lowers annual revenue forecast
By Akash Sriram (Reuters) – Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company…
Expedia shares sink after 2024 revenue warning on softening air fares
By Pratyush Thakur (Reuters) – Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected…
Alibaba boosts share buy back as revenues miss estimates
By Casey Hall and Harshita Mary Varghese SHANGHAI (Reuters) – China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering…
Amazon jumps as AI, retail strength power revenue growth
By Akash Sriram and Aishwarya Venugopal (Reuters) – Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday quarter sales and its lucrative cloud business signaled early…
Dassault Systemes shares fall as revenue forecast disappoints
By Dagmarah Mackos and Lina Golovnya (Reuters) – Dassault Systemes said on Thursday it expects revenue growth of 8-10% this year at constant currencies, below analyst expectations and sending shares…
Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
By Jeffrey Dastin and Akash Sriram (Reuters) – Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items…
IBM forecasts annual revenue growth above estimates on AI adoption rush
By Arsheeya Bajwa (Reuters) – IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to…
ServiceNow raises annual subscription revenue forecast on GenAI product demand
By Jaspreet Singh (Reuters) – ServiceNow raised its forecast on annual subscription revenue on Wednesday, as the software firm expects to attract new clients for its generative artificial intelligence (AI)…