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)…
India’s TCS Q3 revenue tops estimates as UK outshines North America
By Sai Ishwarbharath B, Varun Vyas, and Haripriya Suresh BENGALURU (Reuters) – Tata Consultancy Services, India’s No.1 software services exporter, reported a better-than-expected increase in third-quarter revenue, helped by the…
OpenAI annualized revenue tops $1.6 billion
By Jose Joseph in Bengaluru; editing by Diane Craft (Reuters) – OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as…
Anthropic forecasts more than $850 million in annualized revenue rate by 2024-end
By Harshita Mary Varghese (Reuters) – Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualized revenue by the end of 2024, the Information reported…
Micron revenue forecasts strong recovery, shares jump
By Arsheeya Bajwa and Max A. Cherney (Reuters) – Micron Technology forecast quarterly revenue above market estimates on Wednesday, and its shares jumped nearly 5% in extended trading on signs…
Adobe embroiled in anti-trust issues, forecasts revenue below estimates
By Arsheeya Bajwa (Reuters) – Photoshop maker Adobe said on Wednesday it was facing regulatory scrutiny over its subscription models and forecast annual and quarterly revenue below estimates, sending its…
Snowflake sees product revenue above estimates on AI-driven demand
By Arsheeya Bajwa (Reuters) – Snowflake forecasted quarterly product revenue above estimates on Wednesday, as increasing adoption of artificial intelligence boosted demand for its data cloud offerings. Shares of the…
Xiaomi Q3 net income jumps on cost savings, revenue rises
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat…