Cloud-based technology solutions provider GoDaddy (NYSE: GDDY) surpassed the market’s estimates in its first quarter of 2020. Earnings of $0.24 per share and revenue of $792 million bettered consensus targets of $0.17 of EPS and $789.86 million of revenue. GDDY stock rose about 6% in the extended-hours.
For the second quarter ending June 30, 2020, GoDaddy expects revenue to grow 7% to $790 million, which includes the estimated net impact of the COVID-19 pandemic. Revenue growth by category is expected to approximate high single-digit growth in Domains, mid-single-digit growth in Hosting and presence and mid-teens growth in Business Applications. Changes in customer behavior from COVID-19 are expected to disproportionately impact the Hosting and presence category.
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