Freight Technologies, Inc., which offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMC region, now supports cross-border logistics requirements for a global electric-electronic equipment company. The equipment company has eighteen different factories and distribution centers across the U.S. and Mexico. Freight Technologies’ wholly owned subsidiary,...
Adobe shares climbed +6% in after-hours trading on Thursday, after the software giant announced its fiscal fourth-quarter earnings that surpassed analysts’ expectations. The company also provided a better-than-expected outlook. Adjusted earnings for the quarter ending Dec. 2 came in at $3.60 per share, beating the $3.50 per share expected by analysts. Revenue grew +10% from the year-ago...
Coupa Software posted its third quarter non-GAAP net income of 15 cents per share, exceeding the Zacks Consensus Estimate by 4 cents (according to Zacks Equity Research). The figure was 31 cents per share in the year-ago quarter. Revenues was $217.3 million, growing from the year-ago quarter’s $185.8 million, and topping the Zacks Consensus Estimate of $212 million. The company’s revenue from...
Descartes Systems posted third quarter adjusted earnings of $0.31 per share, which exceeded the Zacks Consensus Estimate of $0.27 per share (according to Zacks Equity Research). This compares to earnings of $0.30 per share a year ago. Revenues came in at $121.47 million, falling short of the Zacks Consensus Estimate by 1.33% (according to Zacks Equity Research). The figure is higher than the...
Zuora Inc. quarterly earnings that beat expectations, but provided a lower-than-expected guidance. It also announced plans to retrench around 11% of its staff. The software company incurred a fiscal third-quarter net loss of -$37.0 million, or -28 cents a share, worse than the year-ago loss of -$22.9 million, or -18 cents a share. On an adjusted basis, Zuora lost -2 cents a share, flattish...
Workday posted its fiscal Q3 quarterly adjusted earnings of $0.99 per share, which exceeded the Zacks Consensus Estimate of $0.84 per share. Earnings were $1.10 per share a year ago (according to Zacks Equity Research). Revenues came in at $1.6 billion for the quarter (rising from $1.33 billion a year ago), beating the Zacks Consensus Estimate by 1.18%. Subscription revenue climbed +22% to...
Autodesk posted third-quarter fiscal 2023 non-GAAP earnings of $1.70 per share, in line with the Zacks Consensus Estimate (as reported by Zacks Equity Research). Revenues grew +14% from the year-ago quarter to $1.28 billion, meeting the consensus (according to Zacks Equity Research ). On a constant-currency basis, revenues climbed +15%. The software company’s subscription revenues (~93% of...
Automatic Data Processing, Inc. posted its fiscal first quarter adjusted earnings of $1.86 per share, up +13% year-over-year, and exceeding analysts’ expectations of $1.79 per share (according to figures compiled by Thomson Reuters). Revenues in the quarter ending September grew +10% from the year-ago period to $4.2 billion. Revenue was up +11% in organic constant currency. Looking ahead, the...
Paychex, Inc. posted first-quarter fiscal 2022 adjusted earnings of $1.03 per share, which surpassed the Zacks Consensus Estimate by 6.2% . The earnings grew +15.7% from the year-ago quarter. The payroll solutions company’s revenues rose +11.4% year over year to $1.2 billion, beating expectations by 1.8%.(as reported by Zacks Equity Research). Revenues from Management Solutions segment were...
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Aurora Mobile reported a net loss of -RMB 24.4 million, which narrowed down 17% year over year. Total customer number grew +79% year over year to 4,709. Total deferred revenue was about RMB 100 million for the 9 consecutive quarters. Development services revenue was down -10% year over year, while subscription service rose +2% year-over-year Subscription Service revenue was up 2% year over...
IronNet is now laying off 35 percent of its staff, according to a recent federal filing (as reported by CRN). In June, the cybersecurity company had retrenched 17 percent of its staff. IronNet went public a year ago at a valuation of $1.2 billion. The company will replace its CFO and eliminate one of its co-CEO positions, as a cost saving measure (CRN mentions). Co-CEO William Welch has...
Adobe Inc. posted its third-quarter fiscal 2022 non-GAAP earnings came in at $3.40 per share, beating the Zacks Consensus Estimate by 2.1%. The figure improved 9.3% from the year-ago quarter. Revenues grew +13% from the year-ago quarter to $4.433 billion, which topped the Zacks Consensus Estimate of $4.430 billion. Subscription revenues increased +12.9% o year-over-year to $4.13 billion (~...
Guidewire Software posted its adjusted earnings of $0.03 per share for the quarter ended July 2022, crushing the Zacks Consensus Estimate of a loss of -$0.04 per share. It is, however, lower than the year-ago quarter’s $0.37 per share a year ago.. Revenues rose +7% from the year-ago quarter to $244.6 million, also surpassing the Zacks Consensus Estimate by 6.58%. Subscription and support...
Coupa Software reported adjusted earnings of 20 cents in a share for the second quarter, handily topping analyst’ expectations of 9 cents a share (based on FactSet poll). Revenue of $211.1 million also beat consensus of $203.8 million. The company offers payment management software for procurement, invoicing, sourcing and business expenses. For the current quarter, Coupa is expecting earnings...
Workday Inc. on reported its second-quarter results that surpassed analysts’ expectations. The enterprise cloud-software company incurred a loss of $64.2 million, or 25 cents a share, compared with net income of $105.7 million, or 41 cents a share, in the year-ago period. Its adjusted earnings, which exclude stock-based compensation, income-tax costs and other operating expenses, came in at...
Zoom Video Communications reported fiscal second-quarter adjusted earnings of $1.05 a share , topping 94 cents a share expected by analysts polled by FactSet. The company’s quarterly revenue came in at $1.1 billion, which is higher than $1.02 billion in the year-ago quarter. Analysts surveyed by FactSet had expected revenue of $1.12 billion. Zoom Video now projects full-year adjusted earnings...
ANSYS Inc. posted its second-quarter 2022 earnings fell -4.3% from the year-ago quarter to $1.77 per share, but surpassed the Zacks Consensus Estimate by 9.94%. Non-GAAP revenues rose +5% year-over-year (up +12% at constant currency or cc) to $475.9 million, beating the Zacks Consensus Estimate by 1.97%. The software company’s Subscription lease revenues (28.4% of non-GAAP revenues) rose...
Automatic Data Processing, Inc. reported fourth-quarter fiscal 2022 results that surpassed the Zacks Consensus Estimate. The human resources company’s adjusted earnings in the quarter came in at $1.50 per share, exceeding the Zacks Consensus Estimate by 1.4%. Revenues rose +10.5% from the year-ago quarter to $4.13 billion, beating the consensus estimate by 1.8%. The company’s employer...
Paychex posted quarterly earnings that beat the Zacks Consensus Estimate. The human capital management services company’s adjusted earnings came in at $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. Earnings were $0.72 per share a year ago. Revenues grew to $1.14 billion for the quarter ended May 2022, compared to $1.03 billion in the year-ago quarter. The figure...