DocuSign Rises on Q3 Earnings Beat

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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Marvell Technology Group Ltd. (MRVL) CEO Matt Murphy on Q3 2021 Results – Earnings Call Transcript

Marvell Technology Group Ltd. (NASDAQ:MRVL) Q3 2021 Earnings Conference Call December 3, 2020 4:45 PM ET

Company Participants

Ashish Saran – VP, IR

Matt Murphy – President and CEO

Jean Hu – CFO

Conference Call Participants

Toshiya Hari – Goldman Sachs

Vivek Arya – Bank of America Merrill Lynch

Timothy Arcuri – UBS

C. J. Muse – Evercore

Blayne Curtis – Barclays

John Pitzer – Credit Suisse

Ross Seymore – Deutsche Bank

Tore Svanberg – Stifel

Harlan Sur – JP Morgan

Christopher Rolland – Susquehanna

Srini Pajjuri – SMBC

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q3 Fiscal 2021 Marvell Technology Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. [Operator Instructions]

I would now like to hand

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Dell Technologies Inc. (DELL) Management Presents at Credit Suisse 24th Annual Technology Virtual Conference – Earnings Call Transcript

Dell Technologies Inc. (NYSE:DELL) Credit Suisse 24th Annual Technology Virtual Conference December 3, 2020 3:00 PM ET

Company Participants

Jeff Clarke – Vice Chairman & COO

Conference Call Participants

Matt Cabral – IT Hardware, Credit Suisse.

Matt Cabral

All right. I think we’re going to go ahead and get started. I’m Matt Cabral. I cover IT Hardware here at Credit Suisse. And we’re very pleased to have Dell here with us. We have Jeff Clarke, who is COO and Vice Chairman of Dell. So Jeff thanks for getting out some time and joining us.

Jeff Clarke

My pleasure. Glad to be here. Thanks for having me.

Matt Cabral

So two quick house-keeping items before we start the first for those of you who’s been following along. I’m sure you are familiar, we’re not taking live Q&A but I am available over emails or if there’s anything you want me to

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Cloud Software Stocks Rip Higher After Strong Earnings from Snowflake, Others

Many enterprise software stocks are adding to their big 2020 gains on Thursday, as investors take heart in a batch of strong earnings reports that were posted on Wednesday afternoon.

Zscaler  (ZS) – Get Report is up 24.3%, Okta  (OKTA) – Get Report is up 6.9%, Snowflake  (SNOW) – Get Report is up 16%, Elastic  (ESTC) – Get Report is up 14.2% and CrowdStrike  (CRWD) – Get Report is up 15.1% after each company comfortably beat its October quarter estimates and (generally speaking) issued strong guidance. And a number of other software names appear to be catching sympathy bids.

Palantir Technologies  (PLTR) – Get Report, which tumbled yesterday on a Morgan Stanley downgrade, is up 8.8%. Smartsheet  (SMAR) – Get Report is up 6.8%, Datadog  (DDOG) – Get Report is up 4.8%, Unity

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Salesforce’s Earnings and the Slack Deal: 7 Important Things That Were Shared

Salesforce.com (CRM) not only announced its quarterly results and guidance after the bell, a CFO change, its outlook for its next fiscal year and its much-rumored deal to acquire Slack (WORK) .

Here’s a run-down of important things announced by Salesforce and Slack on a very eventful Tuesday afternoon for the companies.

1. Salesforce’s Results and Guidance

Salesforce reported October quarter (fiscal third quarter) revenue of $5.42 billion (up 20% annually) and — excluding an $0.86 accounting gain largely related to Salesforce’s stake in Snowflake (SNOW)  — non-GAAP EPS of $0.88. Those numbers respectively topped FactSet consensus estimates of $5.25 billion and $0.75.

The cloud CRM software giant guided for January quarter revenue of $5.665 billion to $5.675 billion (up 17% annually) and non-GAAP EPS of $0.73 to $0.74. Revenue guidance is above a $5.51 billion consensus, while EPS guidance is below an $0.86 consensus due to plans for aggressive

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Veeva Systems fiscal Q3 revenue and earnings top expectations, forecast higher as well, shares sag

Shares of life-sciences cloud software provider Veeva Systems traded down by 3% in late trading Tuesday despite the company reporting fiscal Q3 revenue and profit that comfortably topped expectations, and despite a forecast for next year’s revenue that was also above Street consensus.  

CEO Peter Gassner led his prepared remarks with an acknowledgement of Veeva customers that he said “are delivering innovations that will have positive, lasting impacts on human health.”

“We are proud to work with these amazing companies,” said Gassner, “providing solutions that streamline drug development and enable them to support healthcare providers on the front lines.”

Newly installed CFO Brent Bowman said he was “very pleased” with the financial results. Bowman added that Veeva “plan to continue investing aggressively to hit our 2025 targets and drive a long runway of growth beyond.”

For the three months ended in October, Veeva reported $377.5 million in revenue, up 34%,

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Zoom Video Gets Rocked After Earnings – Now What?

Zoom Video  (ZM) – Get Report was getting smacked around after reporting quarterly earnings, dropping about 14% on Tuesday.

Bulls are going to be especially frustrated with the post-earnings reaction, given the good report Zoom issued.

The company easily beat on earnings and revenue expectations for its fiscal third quarter. Fourth-quarter and full-year guidance even came in better than expected.

Management also provided a strong earnings outlook for next fiscal year, with its bottom-line estimates coming in ahead of consensus expectations.

However, it doesn’t seem to matter. The market is selling Zoom stock lower on the results as analysts start to worry about the stock’s valuation.

The reaction is not helping other pandemic plays, like DocuSign  (DOCU) – Get Report and Peloton  (PTON) – Get Report, which are down 6% and 4.2%, respectively.

Trading Zoom Video

Daily chart of Zoom Video stock.

Daily chart of Zoom Video stock.

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Analysis: Investors weigh prospects for U.S. corporate earnings as stocks set records

NEW YORK (Reuters) – As U.S. stocks scale fresh record highs, investors are trying to gauge whether next year’s projected profit rebound will be strong enough to add fuel to the rally.

FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo

Analysts are projecting that earnings for S&P 500 companies will rise 23% next year after falling more than 15% this year due to the coronavirus pandemic, according to IBES data from Refinitiv.

Yet stock prices have already staged a massive recovery from the March lows of the pandemic, with the S&P 500 index rising more than 60% from its bottom to its recent record highs amid progress toward a COVID-19 vaccine and hopes for a speedy economic recovery.

The S&P 500 is trading at 23 times expected earnings for the next

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Investors weigh prospects for U.S. corporate earnings as stocks set records

By Caroline Valetkevitch



a car parked on a city street: FILE PHOTO: A car waits to enter the financial district security zone near the New York Stock Exchange (NYSE) in New York City


© Reuters/Brendan McDermid
FILE PHOTO: A car waits to enter the financial district security zone near the New York Stock Exchange (NYSE) in New York City

NEW YORK (Reuters) – As U.S. stocks scale fresh record highs, investors are trying to gauge whether next year’s projected profit rebound will be strong enough to add fuel to the rally.

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Analysts are projecting that earnings for S&P 500 companies will rise 23% next year after falling more than 15% this year due to the coronavirus pandemic, according to IBES data from Refinitiv.

Yet stock prices have already staged a massive recovery from the March lows of the pandemic, with the S&P 500 index rising more than 60% from its bottom to its recent record highs amid progress toward a COVID-19 vaccine and hopes for a speedy economic recovery.

The S&P 500 is trading at 23 times expected

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Dell earnings jump on demand for remote work technology



Michael Dell standing in front of a mirror posing for the camera: Dell Technologies was founded by Michael Dell gin 1984. It is now one of the largest private employers in the Austin metro area. [AMERICAN-STATESMAN FILE]


© Provided by Austin American-Statesman
Dell Technologies was founded by Michael Dell gin 1984. It is now one of the largest private employers in the Austin metro area. [AMERICAN-STATESMAN FILE]

Driven by demand for desktop and notebook computers as the coronavirus pandemic forces more people to work from home, Dell Technologies saw its revenue and profit soar past Wall Street’s expectations in its fiscal third quarter, the company said Tuesday

Revenue for the quarter ended Oct. 30 was $23.5 billion, a 3% year over year increase, the company reported, beating analysts’ expectations of $21.9 billion.

The Round Rock-based technology giant has net income of $17 billion, or $1.08 per share. Dell said its adjusted earnings were $2.03 per share, well above Wall Street analysts’ forecasts for $1.42 per share.

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Dell Technologies shares closed Tuesday up 1.3% at $70.33, and edged up less than 1% in after-hours trading following

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