Earlier this week, Microsoft (Nasdaq: MSFT) announced its third quarter results that surpassed market expectations. The company continues to bank on its AI investments. Microsoft's Financials Microsoft's revenues grew 7% to $52.9 billion, ahead of the market's forecast of $51.1 billion. Adjusted EPS of $2.45 was also better than the estimated $2.23 for the quarter. For the quarter, revenues from the Intelligent Cloud segment that includes Azure grew 16% to $22.1 billion, ahead of the market's estimate of $21.9 billion. Azure sales grew 27% over the year, falling short of the 31% growth reported a quarter ago, but ahead of the 26.5% growth estimated for the quarter. Revenue from the Productivity & Business Solutions segment, which includes cloud software assets such as LinkedIn, grew 11% to $17.5 billion, ahead of the market's forecast of $17.05 billion. Revenue from the More Personal Computing segment, which includes Windows, Xbox and Surface, fell 9% to $1
IBM (NYSE: IBM) recently announced mixed results for its first-quarter. The company continues to grow through partnerships. It is now making bigger inroads into the world of quantum computing. IBM's Financials Revenues for the first quarter grew 4.4% to $14.3 billion, falling short of the Street's estimates of $14.35 billion. Adjusted earnings of $1.36 a share was ahead of the $1.26 that the market had estimated. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 5.6% to $5.9 billion. Revenue from Consulting including Business Transformation, Technology Consulting, and Application Operations grew 8.2% to $5 billion. Revenue from Infrastructure including Hybrid Infrastructure and Infrastructure Support grew 0.1% to $3.1 billion. IBM did not provide any outlook for the second quarter or the year. It did, however, mention that it expected constant currency revenue growth at the high end of the mid-single digit range.
AIM ImmunoTech Inc. (NYSE:AIM – Get Rating)’s stock price fell 3.3% on Thursday . The company traded as low as $0.51 and last traded at $0.52. 140,145 shares were traded during mid-day trading, a decline of 37% from the average session volume of 222,790 shares. The stock had previously closed at $0.54. AIM ImmunoTech Stock […]
Earlier this week Netflix (Nasdaq: NFLX) announced its fourth quarter performance that failed to impress the market. The company continues to experiment with several initiatives to drive monetization while investing in content to keep its viewers engaged. Netflix's Financials Netflix's Q1 revenues grew 3.7% to $8.16 billion, falling short of the Street's forecast of $8.18 billion. Average revenue per subscriber grew 9%. EPS was $2.88, ahead of the market's forecast of $2.86. For North America, Q1 revenue was $3.61 billion with paid memberships of 74.4 million. It added 100,000 new customers in the US and Canadian markets. Revenue from Europe, Middle East and Africa was $2.52 billion driven by a net addition of 640,000 subscribers to end the quarter with 77.4 million paying customers. Latin America revenue was $1.07 billion from 41.25 million paid members, with net loss of 450,000 subscribers. Asia-Pacific revenue was $934 million from 39.48 million subscribers, reco
SG Americas Securities LLC increased its stake in shares of 360 DigiTech, Inc. (NASDAQ:QFIN – Get Rating) by 1,634.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 432,133 shares of the company’s stock after acquiring an additional 407,217 shares during the quarter. […]