Tag: Beat

technology

DocuSign Rises on Q3 Earnings Beat

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Shares of DocuSign  (DOCU) – Get Report were rising Thursday afternoon after the cloud-based electronic signature solutions firm reported quarterly results that handily beat consensus analyst estimates.

For its fiscal third quarter ending in October, DocuSign earned non-GAAP net income of $0.22 per share, compared to expectations of $0.13 per share and results of $0.11 in the same period last year.

Shares were rising 7.1% to $247.13 in after-hours trading, after having risen 6.1% during the day’s trading.

Total quarterly revenue was $382.9 million, an increase of 53% year over year, compared to expectations for $361.2 million. Subscription revenue grew 54% year over year to $366.6 million, and professional services and other revenue increased 43% to $16.3 million.

“As companies accelerate the digital transformation of their business and agreement processes, DocuSign’s role as an essential cloud platform continues to grow,” said Dan Springer, DocuSign CEO. “Our Q3 results

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technology articles

Walmart beat Amazon on Black Friday by one important metric

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Volumes of future marketing analysis will surely be written about this year’s unprecedented holiday shopping season, but for now we’ll have to make do with industry reports that reveal people’s pandemic-era spending habits in dribs and drabs.

The latest drib (or drab?) comes from analytics firm Sensor Tower, whose new dispatch shows a record surge in new downloads of shopping-related mobile apps. Black Friday alone saw more than 2.8 million first-time installs of shopping apps, the largest ever in a single day, according to Sensor Tower’s preliminary estimates. Year-over-year growth, the report says, was about the same as last year at 8%, but it was more substantial when you look at the entire month of November—with 59.2 million shopping app installs compared to 51.7 million for the same period last year.

However, things get even more interesting when you look at the top 10 apps. Amazon may be the largest

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technology articles

Zoom Video Drops Despite Q3 Beat, Strong Guidance

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Shares of Zoom Video Communications  (ZM) – Get Report dropped 5% after-hours Monday following the company’s fiscal third quarter earnings release. 

The San Jose-based company reported quarterly earnings of 99 cents per share on revenue of $777.2 million. Analysts were expecting Zoom to report earnings of 76 cents per share with revenue of $693.95 million. 

“We remain focused on the communication needs of our customers and communities as they navigate the current environment and adapt to a new world of work from anywhere using Zoom,” said founder and CEO Eric Yuan in a statement. “Strong demand and execution led to revenue growth of 367% year-over-year with solid growth in non-GAAP operating income and cash flow in our third fiscal quarter.”

For the fiscal fourth quarter, the company expects revenue between $806 million and $811 million with earnings between 77 cents and 79 cents per share. Analysts are expecting

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latest technology

Haase, Neftali help Mercer beat Georgia Tech 83-73

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ATLANTA (AP) — Felipe Haase and Neftali Alvarez scored 17 points apiece, Ross Cummings added 16 points, and Mercer beat Georgia Tech 83-73 on Friday night at the Georgia Tech Invitational.

Haase hit a career-high five 3-pointers, Alvarez grabbed eight rebounds and had a career-high nine assists, and Cummings was 5-of-7 shooting. James Glisson III added 14 points for Mercer (2-0).

Rodney Howard hit a jumper that gave Georgia Tech (0-2) a 4-2 lead but Cummings made a 3-pointer 30 seconds later to spark a 10-0 run and the Bears never again trailed.

Moses Wright led the Yellow Jackets with 20 points and Michael Devoe scored 14.

Georgia Tech, which went into halftime trailing 38-35, committed five turnovers and made just 2 of 16 from the field over the first 10-plus minutes of the second half as the Bears stretched their lead to double figures when Alvarez converted a three-point

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science in the news

China beat COVID with science, strong public health measures, not just with authoritarianism

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By Elanah Uretsky
 |  Palm Beach Post

I live in a democracy. But as Thanksgiving approaches, I find myself longing for the type of freedom I am seeing in China.

People in China are able to move around freely. Many Americans may believe that the Chinese are able to enjoy this freedom because of China’s authoritarian regime. As a scholar of public health in China, I think the answers go beyond that.

My research suggests that the control of the virus in China is not the result of authoritarian policy, but of a national prioritization of health. China learned a tough lesson with SARS, the first coronavirus pandemic of the 21st century.

How China flattened its curve

Barely less than a year ago, a novel coronavirus emerged in Wuhan, China, with 80,000 cases identified within three months, killing 3,000 people.

In late January 2020, the Chinese government decided to lock

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technology

VMware Post Third-Quarter Earnings Beat, Raises Guidance

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 VMware  (VMW) – Get Report the cloud-computing major controlled by Dell Technologies  (DELL) – Get Report, reported better-than-expected third-quarter earnings Tuesday and raised its full year guidance.

VMware reported net income of $704 million, or $1.66 per share, up from $602 million, or $1.42 per share a year ago. FactSet’s consensus called for earnings of $1.44 per share.

Revenue totaled $2.86 billion, up 8% a year ago and surpassing FactSet’s consensus of $2.81 billion.

The combination of subscription and Software as a Service (SaaS) and license revenue came to $1.32 billion, an increase of 10% from a year ago. Subscription and SaaS revenue was $676 million, the company said, an increase of 44% year-over-year, representing 24% of total revenue.

“Subscription and SaaS revenue increased 44% year-over-year in Q3 and surpassed license revenue for the first time,”  Zane Rowe, executive vice president and chief financial officer,

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science in the news

China beat the coronavirus with science and strong public health measures, not just with authoritarianism

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(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

(THE CONVERSATION) I live in a democracy. But as Thanksgiving approaches, I find myself longing for the type of freedom I am seeing in China.

People in China are able to move around freely right now. Many Americans may believe that the Chinese are able to enjoy this freedom because of China’s authoritarian regime. As a scholar of public health in China, I think the answers go beyond that.

My research suggests that the control of the virus in China is not the result of authoritarian policy, but of a national prioritization of health. China learned a tough lesson with SARS, the first coronavirus pandemic of the 21st century.

How China flattened its curve


Barely less than a year ago, a novel coronavirus emerged in Wuhan, China, with 80,000 cases identified within three months,

… Read More
technology articles

Workday Drops Despite Q3 Beat: What Wall Street Is Saying

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Shares of accounting software maker Workday  (WDAY) – Get Report dropped premarket Friday following its third quarter earnings release despite topping earnings and revenue estimates as the company also issued weak guidance for 2021. 

The company said it expects software demand to continue to come under pressure in 2021 due to the coronavirus pandemic. 

Shares fell 3.5% to $222.80 in premarket trading Friday.

Here’s what Wall Street is saying about Workday:

Barclays (Equal Weight rating maintained, PT lowered to $234 from $238)

The big debates for investors post a healthy Q3 will be how conservative guidance is, especially around Q4 subscription backlog growth (14-16% YoY vs 20% plus so far this year), and how this year’s bookings numbers translate into next year’s subscription revenue. We believe that there was a fair amount of investor excitement going into earnings that a healthy Q3 would translate into positive estimate revisions

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technology articles

Nvidia Shows Volatility After-Hours Despite Q3 Beat

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Shares of Nvidia  (NVDA) – Get Report were volatile after hours Wednesday despite the chipmaker reporting October (fiscal third quarter) results that topped analyst estimates for the period. 

TheStreet is live-blogging Nvidia’s Oct. quarter earnings report and call. Please join us!

The Santa Clara-based company reported third quarter revenue of $4.73 billion, a 57% year over year increase, with earnings per share of $2.91. Analysts polled by FactSet were expecting Nvidia to report revenue of $4.41 billion on earnings of $2.57 per share. 

“NVIDIA is firing on all cylinders, achieving record revenues in Gaming, Data Center and overall,” said Jensen Huang, founder and CEO of NVIDIA, in a statement. “The new NVIDIA GeForce RTX GPU provides our largest-ever generational leap and demand is overwhelming. NVIDIA RTX has made ray tracing the new standard in gaming.”

Shares were down 0.2% to $535.95 after-hours Wednesday at last check. 

The company’s

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latest technology

No. 9 Miami rallies behind King, D to beat Va. Tech 25-24

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BLACKSBURG, Va. (AP) — After coming precariously close to not being able to play Virginia Tech because of COVID-19 issues, No. 9 Miami came away with one of its gutsiest victories of the season.

D’Eriq King threw for 255 yards and a touchdown and ran for a score, rallying the Hurricanes to a 25-24 victory over Virginia Tech on Saturday.

Miami announced it had 13 players unavailable before the game, including three starters and several offensive linemen. There were 15 games called off this week across major college football because of COVID-19, the most of any week both by number and percentage of the schedule.

Miami-Virginia Tech was nearly No. 16.

“We were on the brink,” Miami coach Manny Diaz said. “The players’ attitude was the most telling. They wanted to play. We were right on the brink at some position groups as to whether we could function as a

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