Google Strength in Advertising Helps Alphabet Smash Earnings Targets

Internet giant Alphabet, owner of Google reported huge beats in second quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum again as did cloud and YouTube revenues sending $GOOGL higher.

Microsoft Record Profits and Sales Led By Azure Cloud Computing

Software giant Microsoft reported boom Q4 2021 quarter earnings Tuesday after the close. The Azure public cloud for hosting applications and websites still accelerating. Productivity and business processes and More Personal Computing also excelled.

Healthcare Cost Disruptor Privia Health Group prices IPO at $23 High End

Privia Health Group which provides a value-based care platform for physicians accessed in the cloud, priced its IPO at $23 at the high end of the upwardly revised range April 29, 2021. The company will trade under $PRVA provides a raised $449 million At pricing, Privia commands a fully diluted market value of $2.8 billion. 

Data Cloud Storage Software Company Snowflake Forecasts Slower Revenue Growth Than Investors Hoped

Cloud data platform Snowflake, who launched it’s IPO last September reported Fiscal 4th quarter earnings Wednesday. $SNOW sold off after it’s full-year guidance did not exceed analysts’ estimates, a miss in a hugely overvalued technology sector. SNOW also announced an end to its dual-share class structure.

Cloud Security Demand Sends Zscaler Stock To Record Highs

Zscaler shares soared to an all time high after beating earnings exppectations and raising guidance as the lockdown Work From Anywhere Trend (WFA)  and the digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for it’s cloud security products.

Mexico Business Confidence Improves With Peso and Easing Covid Restrictions

Mexican business confidence improved to it’s best level in seven months in October. Confidence grew as the peso improved, easing of coronavirus lockdown restrictions and ahead of the US Presential elections, Mexico’s largest trading partner. Seasonally adjusted manufacturing confidence index in Mexico rose to 41.5 in October of 2020 from an upwardly revised 40.7 in September. It was the highest reading in seven months. Data Breakdown Sentiment improved regarding the country’s situation to 32.6 vs 32.3 in September Company’s situation … Continue reading “Mexico Business Confidence Improves With Peso and Easing Covid Restrictions”

Microsoft Earnings Beat With Robust Azure Cloud Growth

Software giant Microsoft reported better than expected September quarter earnings Tuesday after the close. The Azure public cloud for hosting applications and websites grew 48%, accelerating from 47% in the prior quarter, faster than the 44% growth. Server products and cloud services revenue advanced 22%.

Machine Learning Market Data Specialist Splunk Cloud Revenue Surges In Lockdown Economy

Machine data analytics specialist Splunk reported mixed second quarter earnings, missed on revenue but beat on earnings. In a mirror of last quarter $SPLK traded sharply down initially but bounced after the conference call focused on the successful shift to a SaaS model accelerating with cloud driving.