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 .
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.
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.
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.
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.
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.
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 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.
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.
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.