Salesforce Inc. shares jumped Wednesday morning after the company reported first-quarter earnings and raised its profit forecast. On Tuesday, Salesforce reported adjusted first-quarter EPS of 98 cents on $7.41 billion in revenue. Both numbers beat consensus analyst estimates of 94 cents and $7.38 billion, respectively. Revenue was up 24 percent from a year ago. Service Cloud…
9 Salesforce Analysts React to Q1 Earnings Beat: ‘Next Quality Software GARP Stock’
Here Are 7 Signs Your Business Needs Custom Software Development
Traditionally, a business was operated manually with all its operations managed in a pile of papers; then came the era of computers, and business functioning became more effortless than ever with excel sheets and documents. However, globalization has pushed companies to expand their horizon and potential. The increasing market trends, technological innovations, and immense competitor…
Is Nvidia a Software Play? What This Analyst Sees as ‘Software-Only Monetization Opportunities’
Nvidia Corporation held its GTC 2022 earlier this month, where it announced a slew of products and services. An analyst at Wells Fargo Securities singled out the company’s pivot to software as a key takeaway. The Nvidia Analyst Aaron Rakers has an Overweight rating and a $370 price target for Nvidia shares, suggesting a roughly 33.6…
Startup Pony.ai Agrees to Automated Driving System Software Recall
March 9, 2022
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WASHINGTON—Startup technology firm Pony.ai agreed to issue a recall for some versions of its autonomous driving system software after an October crash, U.S. regulators said Tuesday The recall covers three vehicles that have been repaired, the company told the National Highway Traffic Safety Administration (NHTSA). The agency said Tuesday this was the “first recall of…
Why Are CyberArk Software Shares Popping Today?
CyberArk Software Ltd. reported fourth-quarter FY21 revenue growth of 5 percent year-on-year to $151.3 million, beating the consensus of $144.5 million. Non-GAAP EPS of $0.28 beat the consensus of $0.16. Segments Revenues from Subscription expanded 142 percent Y/Y to $47.6 million, Maintenance and professional services rose 6 percent Y/Y to $65.1 million. Key Performance Indicators…
White House Will Meet Executives From Apple, Amazon, IBM to Discuss Software Security
January 13, 2022
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The White House will meet executives from leading tech firms, including Alphabet-owned Google, Apple Inc., and Amazon.com Inc., on Thursday to discuss software security after the United States suffered several major cyberattacks last year. In December, White House National Security Advisor Jake Sullivan sent a letter to chief executives of tech firms after the discovery…
Tesla Raises Full Self Driving Software Price to $12,000 in US, Musk Says
Tesla Inc. Chief Executive Officer Elon Musk said on Twitter on Friday that the electric carmaker will raise the U.S. price of its advanced driver assistant software dubbed “Full Self Driving” to $12,000 on Jan. 17. The 20 percent price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000…
Palantir to Partner With Hyundai Heavy Industries for Big Data Platform
Data analytics firm Palantir Technologies Inc. and South Korea’s Hyundai Heavy Industries Group (HHI) would establish a big data platform for HHI Group’s core businesses. HHI Group said that the company and Palantir will jointly build a big data platform for the group’s key affiliates related to shipbuilding, offshore engineering, energy, and industrial machinery processes. HHI Group…
5 Stocks to Play the Major Trends Driving the Software Industry In 2022
The software industry is expected to benefit from a few major secular trends that will likely continue to drive growth in 2022, an analyst at Rosenblatt Securities said in a recent note. These secular trends will likely remain in place for at least several more years until the majority of enterprise IT infrastructure, including applications…
Toyota to Start Car Hardware, Software Update Service in Japan
TOKYO—Toyota Motor Corp. said on Tuesday it will launch a service next year offering customization and updates for cars as customers increasingly hold on to their vehicles for longer. The service, known as Kinto Factory, will start in late January and offer new safety features, refreshed interiors, and software upgrades to car computer systems. Toyota…
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