— Internet security firm Cloudflare (NYSE: NET) reported adjusted loss of 6 cents per share in the fourth quarter of 2019 vs. expected loss of 7 cents per share.
— Revenue jumped 51% year-over-year to $84 million vs. $79.11 million expected.
— GAAP net loss was $28.2 million vs. $16.7 million in the fourth quarter of 2018.
— For the first quarter of 2020, Cloudflare expects non-GAAP loss to be $0.06 t0 $0.5 per share and revenue to be between $87 million and $88 million.
— For fiscal 2020, non-GAAP loss per share is expected to be in the range of $0.21 to $0.19 and revenue is estimated to be in the range of $389 million to $393 million.
— NET stock rose about 2% in the after-market session.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard