IBM reports Q3 revenue up 9% YoY to $16.3B, above $16.1B est., and Hybrid Cloud revenue, including its Red Hat unit, up 14%, below 16% est.; IBM drops 6%+
Brody Ford / Bloomberg :
Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992
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Snowflake reports Q2 product revenue up 32% YoY to $1.09B, above $1.04B est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 12%+
Brody Ford / Bloomberg :
Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours
Brody Ford / Bloomberg :
HPE reports Q2 revenue up 6% YoY to $7.63B, above $7.46B est., Server revenue up 6% YoY to $4.1B, and says it expects a reduced impact from tariffs in 2025
Brody Ford / Bloomberg :
Snowflake reports Q1 product revenue up 26% YoY to $996.8M, vs. $966M est., and forecasts Q2 product revenue above estimates; SNOW jumps 6%+
Brody Ford / Bloomberg :
HPE reports Q1 revenue up 16% YoY to $7.85B, vs. $7.82B est., Q2 and FY 2025 guidance below est., and plans to cut ~2,500 staff over 18 months; HPE drops 15%+
these factors are affecting its outlook Moneycontrol : HP to lay off 2500 employees to cut cost Tom Jowitt / Silicon UK : HPE To Axe 2,500 Employees, As Outlook Disappoints TechRadar : HPE set to cut ...
HP reports Q1 revenue up 2.4% YoY to $13.5B vs. $13.4B est., Personal Systems revenue up 5%, commercial personal systems up 10%, Q2 earnings forecast below est.
Brody Ford / Bloomberg :
Memo: Zoom plans to cut back on stock-based compensation, saying equity has been issued at a rate that is “not sustainable”, joining peers like Salesforce
Brody Ford / Bloomberg :
HPE reports Q3 revenue up 10% YoY to $7.71B, vs. $7.66B est., Server revenue up 35% YoY to $4.3B, and adjusted gross margins of 31.8%, vs. 33.4% est.
Brody Ford / Bloomberg :