Microsoft posted its fiscal second quarter earnings late Tuesday, beating analysts’ expectations. However, it forecast current quarter revenues for its intelligent cloud division which missed analysts’ expectations (according to Refinitiv survey). The tech behemoth’s adjusted earnings slipped -6.5% from the year-ago quarter to $2.32 per share, topping the Street consensus forecast of $2.30...

Microsoft is laying off 5% of its workforce, or 10,000 jobs, amidst global economic slowdown. This will result in a charge of $1.2 billion in the second quarter, mainly in severance pay, according to the company's CEO. "As we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less," Chief Executive Satya Nadella...

Oracle posted its fiscal second-quarter adjusted earnings of $1.21 a share, beating analysts’ expectations of $1.17 a share (according to FactSet). The cloud giant’s revenue came in at $12.28 billion, vs. analysts’ forecast of $11.96 billion (according to FactSet.). For the fiscal third quarter, CEO Safra Catz said revenue growth should be 17% to 19% from last year, (implying a revenue range...

Verint Systems reported quarterly adjusted earnings of $0.69 per share, which exceeded the Zacks Consensus Estimate of $0.58 per share (according to Zacks Equity Research). This compares to earnings of $0.69 per share a year ago. Revenues of $225.62 million (vs. $226.93 million in the year-ago quarter) missed the Zacks Consensus Estimate by 0.80%. (according to Zacks Equity Research). The...

Zscaler incurred a net loss of -US$68.2 million, which is -25% narrower from 1Q 2022. Loss per share was -$0.47 loss vs. -$0.65 loss in 1Q 2022, and exceeding analyst estimates by 16%. Revenue climbed +54% year-over-year to $355.5 million, beating analysts’ estimates by 4.3%. Looking ahead, the company expects adjusted earnings of $1.23 to $1.25 a share for the year (vs. analysts’ forecast of...

Crowdstrike incurred a loss of -$55 million, or -24 cents a share in the fiscal third quarter, compared to a loss of -$50.5 million, or -22 cents a share, in the year-ago quarter. Adjusted earnings came in at 40 cents a share (rising from 17 cents a share in the year-ago period), while analysts expected 28 cents a share. Revenue rose to $580.9 million from $380.1 million in the year-ago...

Fortinet Inc.’s quarterly earnings and revenue surpassed analysts’ expectations. However, the cybersecurity company issued billings guidance lower than expectations. Fortinet posted third-quarter adjusted earnings of 33 cents a share, up from 20 cents a share a year before, and well-above the 27 cents a share expected by analysts polled by FactSet. Revenue rose to $1.15 billion from the...

Microsoft earnings for the fiscal first quarter came in at $2.35 per share, beating analysts’ expectations of $2.30 per share (based on Refinitiv poll). Revenue of $50.12 billion also exceeded the $49.61 billion expected by analysts, according to Refinitiv. Revenue from Microsoft's Intelligent Cloud business segment (which includes the Azure public cloud ) was $20.33 billion vs. the $20.36...

Cognyte Software Ltd posted its second-quarter FY23 non-GAAP loss per share of -$0.04, narrower than consensus expectation of a -$0.17 loss. Non-GAAP revenue plunged -30.1% year-on-year to $81.3 million, missing the consensus expectation of $92.5 million. The company’s revenue in Software segment fell -43.7% year-on-year to $27.02 million. Software service revenue was down -15.7% year-on-year...

Verint Systems posted quarterly adjusted earnings of $0.56 per share for the quarter ended July 2022, exceeding the Zacks Consensus Estimate of $0.53 per share. Earnings were $0.58 per share a year ago. Revenues of $223.63 million, however, came in 1.08% below Zacks Consensus Estimate. Revenues were $215.63 million in the year-ago quarter. For the coming quarter, the current consensus EPS...

MongoDB reported second-quarter fiscal 2023 adjusted loss of -23 cents per share, beating the Zacks Consensus Estimate by 20.69%. The loss, however, is wider than the year-ago quarter’s -12 cents per share. The database company’s revenues surged +52.8% year over year to $303.7 million, exceeding surpassing the consensus expectations by 8.38%. Subscription revenues ( 96% of revenues) grew...

For the three months ended July, Okta incurred an adjusted loss of -$16 million, or -10 cents a share much narrower than the loss of 31 to 32 cents a share it had expected. The company’s revenue rose +43% year-over-year to $452 million, well above the company’s forecast range of $428 million to $430 million. Okta had $2.79 billion in remaining performance obligations as of quarter-end, up 25%...

CrowdStrike Holdings posted its second-quarter fiscal 2023 non-GAAP earnings of 36 cents per share, exceeding the Zacks Consensus Estimate of 28 cents. It was also a significant improvement from the year-ago quarter’s 11 cents a share. The company’s revenues climbed +58% from the year-ago quarter to $535.2 million, topping the consensus estimate of $517.1 million. Subscription revenues surged...

Palo Alto Networks reported non-GAAP earnings of $2.39 per share for the three months ending in July ( its fiscal fourth quarter), which is +49.4% higher than the year-ago quarter’s figure. The cybersecurity company’s revenues came in around $1.6 billion, with billings up 44% from last year to $2.685 billion. Looking ahead into the coming fiscal year, Palo Alto Networks has projected revenues...

Fortinet Inc. posted second-quarter 2022 non-GAAP earnings of 24 cents per share, which surpassed the Zacks Consensus Estimate of 22 cents. The figure is also higher than the year-ago quarter’s 19 cents per share. Total revenues surged +28.6% from the year-ago quarter to $1.03 billion, in line with the Zacks Consensus estimate. Growth was bolstered by solid demand for FortiGate technology...

Cognyte Software posted $86.4 million in Q1 GAAP revenue, thereby falling short of the analyst consensus estimate by nearly 23%. The company incurred a loss of -79 cents per share, while analysts’ had expected earnings of 12 cents a share. In the prior-year quarter, earnings were 20 cents per share. CEO Elad Sharon said he’s “disappointed” with the quarterly results, while he blamed “slow...

Oracle posted its fiscal fourth-quarter results that surpassed analysts' expectations. The software behemoth’s adjusted earnings for the quarter came in at $1.54 per share, well above the $1.37 expected by analysts polled by Refinitiv. Revenue rose +5% from the year-ago quarter to $11.84 billion, topping analysts’ estimates of $11.66 billion. Oracle’s cloud infrastructure business increased...

CrowdStrike Holdings Inc. posted its fiscal first quarter earnings results, that beat analysts’ expectations. The cybersecurity company also boosted its annual guidance. CrowdStrike incurred a fiscal first-quarter loss of - 14 cents a share. Its adjusted earnings came in at 31 cents a share, handily topping the 23 cents a share expected by analysts polled by FactSet. The figure was 10 cents a...

Okta posted its first quarter earnings that exceeded analysts’ expectations. The enterprise identity management company’s earnings came in at ($0.27) per share for the quarter, beating analysts’ consensus estimates of ($0.34), MarketWatch Earnings reports. Revenue surged +65.3% from the year-ago quarter to $414.94 million, compared to the consensus estimate of $388.77 million. Okta updated...

MongoDB posted its quarterly earnings results, that surpassed analysts’ expectations. The database software company’s earnings came in at $0.20 per share for the quarter, beating the consensus estimate of loss of ($1.34), MarketWatch Earnings reports. Revenue for the quarter climbed +57.1% year over year to $285.45 million in the quarter, well above analysts’ expectations of $267.10 million...