Microsoft Corp., on Tuesday forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles. The company beat Wall Street expectations for its first quarter ended Sept. 30, with pandemic-induced…
Microsoft Sees Cloud Business Growth, but Supply Woes Continue for Xbox
October 29, 2021
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Taco Bell, KFC Power Yum Brands Quarterly Profit, Revenue Beat
KFC owner Yum Brands Inc. beat Wall Street estimates for quarterly revenue and profit on Thursday, as steady demand for its fried chicken and tacos cushioned the blow from a slowdown in sales in its Pizza Hut chain. Rival fast-food chains Chipotle Mexican Grill and McDonald’s have also delivered a strong beat in the quarter,…
Twitter Avoids Revenue Hit From Apple Privacy Changes
October 27, 2021
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Twitter Inc. on Tuesday reported its quarterly revenue grew 37 percent and avoided the brunt of Apple Inc. privacy changes on advertising that hobbled its rivals, sending its shares up 3 percent. The social networking site has been working to add new features such as audio chat rooms to attract users, and also rolled out…
UPS Delivers Profit, Revenue Beat on E-commerce Demand
United Parcel Service Inc. reported better-than-expected quarterly earnings and revenue on Tuesday, bolstered by strong e-commerce demand that has allowed the delivery firm to raise shipping prices and cherry-pick more profitable customers. The company also raised its full-year adjusted operating margin target to about 13 percent from about 12.7 percent, ahead of the holiday season….
SAP Lifts Full-Year Outlook as More Customers Shift to Cloud
STOCKHOLM—German business software group SAP raised its full-year outlook for a third time on the back of a strong showing in the third quarter as more customers shift their IT operations to the cloud. SAP now expects cloud revenue to grow by 16 percent-19 percent in the year as a whole, helping its overall cloud…
BlackBerry Beats Quarterly Revenue Expectations on Cybersecurity Boost
Canada’s BlackBerry Ltd. beat Wall Street estimates for second-quarter revenue on Wednesday amid strong demand for its cybersecurity and Internet of Things software products. Firms such as BlackBerry are benefiting from an uptick in demand for cybersecurity and IoT products as more businesses and government organizations shift their operations to the cloud in order to…
Salesforce Raises Full-Year Revenue Outlook on Hybrid Work Boost
September 23, 2021
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Salesforce.com Inc. on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software. Shares of the company were up 2.4 percent at $265.4 in premarket trading. The business software maker’s revenue has gone from strength to strength over the past year, with the rise of automation…
Oracle Revenue Falls Short of Expectations as Cloud Competition Rises
Enterprise software firm Oracle Corp. fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space. Shares of the Austin, Texas-based company pared losses and were down 1.4 percent in extended trading after the company forecast second quarter adjusted earnings per share above expectations. The company expects…
Amazon Hands £492 Million to UK Taxman From £20 Billion Revenue
Amazon handed £492 million ($678 million) to the UK taxman last year, from a total of £20 billion ($27 billion) in revenue, as the pandemic and lockdowns nitro-charged their online sales. Figures filed recently in Companies House show total revenues of £20.63 billion for the group in the UK during 2020, up from £13.73 billion ($18.93 billion)…
Hiring Crunch Drags Down Small Business Revenues
Even as large corporations like Target are posting forecast-beating earnings and reporting little difficulty attracting talent, smaller businesses say they’re struggling to hire workers, hurting their bottom line. A new survey by Salesforce (pdf) shows that 53.3 percent of small and medium-sized businesses said staffing issues have been a drag on revenues. For those businesses…
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