Cloud enterprise software firm Salesforce.com reported better than expected adjusted fiscal second quarter earnings after the market Wednesday. $CRM hit an all-time high today before the report however lowered 3Q guidance below estimates .
Amazon Record Profit But Misses on Revenue
Retail monster Amazon.com reported record second quarter earnings Thursday booted by its retail business. $AMZN cloud division AWS continues to dominate. Other FAANG companies Facebook $FB and Alphabet $GOOGL reported this week also.
Microsoft Earnings Beat With Commercial Cloud Revenue Soaring 53%
Software giant Microsoft smashed analysts expectations for its June quarter earnings report Thursday after the close. Cloud offerings Azure infrastructure services, Office 365 productivity software and Dynamics enterprise software all were ahead of forecasts.
Cloud Powers SAP Earnings To Beat Forecasts
German software giant SAP reported better than expected second quarter earnings Wednesday with cloud related sales up 40%. $SAP raised guidance as takes on cloud giants Amazon (AWS) and Microsoft with software sales and support still it’s driver.
Amazon Stock Hits All Time High After Cloud Earnings Soar
Retail monster, and President Trump’s favorite company Amazon.com shares soared to record highs after another blow out quarter. Cloud division AWS continues to dominate and the Whole Foods intergration has not been the albatros predicted by many.
Adobe Summit Latest Digital Marketing and Cloud Algorithms
The design and publishing software developer showcase ‘Adobe Summit 201’ is set to see $ADBE unveil new Experience Cloud capabilities at its annual digital marketing conference in Las Vegas.
Red Hat Earnings Surge on Linux Open Source Cloud Software
Open source Linux software provider Red Hat reported better than expected Q4 earnings after the close Monday. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.
Dropbox Shares Surge On Debut, Next Up Spotify in IPO Rush
Dropbox shares debuted on NASDAQ Friday as stock markets were collapsing around it on U.S. Tariffs on China and Facebook $FB seemingly imploding. Nevermind $DBX was one of the most anticipated IPO’s this year and was up 47% quickly.
Oracle Earnings Dissappoint 0n Cloud Infrastructure Growth
Software giant Oracle reported fiscal third quarter earnings after the close Monday. $ORCL dissappointed with sales growth in the face of competition on two main fronts with $AMZN for Cloud infrastructure and $CRM for platform database revenue.
While Stocks Crashed AWS Cloud Revenue Drove Amazon To Another Record High
With the Dow Jones and Nasdaq crashing Amazon.com $AMZN stayed positive after another blow out quarter which sent the stock to a new high. Cloud division AWS continues to dominate and the Whole Foods intergration has not been the albatros predicted by many.