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Cloud Revenue

All articles tagged with #cloud revenue

Cerebras CBRS Dips After Mixed Q2 as Cloud Revenue Surges
finance19 days ago

Cerebras CBRS Dips After Mixed Q2 as Cloud Revenue Surges

Cerebras Systems (CBRS) posted Q2 revenue of $180.1M, up 74% year over year, but hardware sales slipped to $54.1M amid lumpy demand and data-center space constraints while its cloud-services revenue jumped to $126M. The company swung to a net loss of $450.5M largely due to $386.6M in stock-based compensation. Cerebras raised its 2026 core revenue guidance to $214–216M and now sees full-year revenue of $880–890M, with a plan to more than triple revenue in 2027 as production scales; the market reacted with about a 15% after-hours drop as investors weigh the mix of cloud momentum against hardware headwinds, and the company continues to push against Nvidia with partnerships and OpenAI integration for its Wafer-Scale Engine.

via Yahoo Finance|
#cbrs#cerebras-systems#cloud-revenue
Alphabet's Profits Keep Pace With AI Spending Boom
finance1 month ago

Alphabet's Profits Keep Pace With AI Spending Boom

Alphabet's profits show resilience as AI infrastructure spending surges: Q1 operating margin rose to 36.1% (a five-year high), with revenue up 22% and operating income up 30%. Cloud revenue jumped 63% to over $20 billion and Search grew about 19%. However, capex jumped to about $35.7 billion last quarter and is expected to approach $44 billion next quarter, with full-year capex up to $190 billion; depreciation will weigh on profits as these assets come online, and margins may ease toward the mid-30s this quarter as the AI bill continues to climb.

via Yahoo Finance|
#ai-spending#alphabet#capital-expenditures
Amazon's Cloud and AI Drive Strong Q3 Earnings and Share Surge
business10 months ago

Amazon's Cloud and AI Drive Strong Q3 Earnings and Share Surge

Amazon's cloud unit AWS reported a 20% revenue increase in Q3, surpassing expectations, which helped the company forecast higher Q4 sales and boosted its stock by 14%. The company's strong cloud performance, driven by AI demand, offset softer e-commerce growth, leading to a significant market value increase. Amazon projects continued growth in AI and infrastructure, with increased capital expenditures planned for next year.

via Reuters|
#ai-spending#amazon#aws
Microsoft Q1 2026 Earnings Show Mixed Results Amid Cloud Outages and Spending
business10 months ago

Microsoft Q1 2026 Earnings Show Mixed Results Amid Cloud Outages and Spending

Microsoft reported strong Q1 2026 earnings with $77.7 billion revenue, driven by cloud and AI growth, despite capacity constraints and margin pressures from AI investments. The company highlighted record cloud revenue, expanding AI platform, and long-term OpenAI partnership, with continued investments in infrastructure and talent to meet rising demand. Outlook remains positive, with expected revenue growth of 14-16% in Q2, though capacity constraints and margin compression are ongoing challenges.

via The Motley Fool|
#ai-investments#azure-capacity-constraints#business
"Oracle's Cloud and AI Success Propel Stock Soaring"
businesstechnology2 years ago

"Oracle's Cloud and AI Success Propel Stock Soaring"

Oracle Corp reported a 7% increase in total revenue to $13.3 billion for the third quarter of fiscal year 2024, with cloud revenue up 25% to $5.1 billion. The company's GAAP operating income was $3.8 billion, while non-GAAP operating income increased by 12% to $5.8 billion. Oracle's earnings per share grew to $1.41, and its remaining performance obligations reached an all-time high of over $80 billion. The company's strong financial results and strategic initiatives in cloud infrastructure and innovative solutions position it for sustained growth in the software industry.

via Yahoo Finance|
#businesstechnology#cloud-revenue#earnings-per-share
"SAP's AI-Driven Restructuring: 8,000 Jobs Impacted"
businesstech2 years ago

"SAP's AI-Driven Restructuring: 8,000 Jobs Impacted"

German software firm SAP SE announced a 2 billion euro restructuring plan affecting 8,000 roles as it shifts focus towards AI-driven business areas, with plans to invest over $1 billion in AI-powered technology startups. The company aims to exit 2024 with a headcount similar to current levels and expects the restructuring expenses to impact operating profit in the first half of 2024. Additionally, SAP forecasted 2024 cloud revenue at 17 billion euros to 17.3 billion euros and updated its 2025 outlook for adjusted cloud gross profit.

via Reuters|
#ai#business#businesstech
Oracle's Cloud Revenue Plummets, Stock Takes a Hit
business2 years ago

Oracle's Cloud Revenue Plummets, Stock Takes a Hit

Oracle shares fell over 10% after the company missed revenue estimates in its fiscal second-quarter earnings report. The company's adjusted earnings per share narrowly beat expectations, but its revenue fell short. Analysts expressed concern about Oracle's cloud revenue shortfall and its ability to quickly build out infrastructure capacity. Despite the stock slide, some analysts remain bullish on Oracle due to recent deals, solid demand, and a commitment to maintaining growth in its cloud infrastructure.

via CNBC|
#business#cloud-revenue#earnings-report
Microsoft beats earnings expectations despite cloud challenges.
business3 years ago

Microsoft beats earnings expectations despite cloud challenges.

Microsoft beat Wall Street's expectations in its Q3 earnings report, despite a slowdown in its cloud revenue growth. The company reported Azure and other cloud services revenue growth of 27% YoY for the quarter, down from 46% YoY in Q3 2022. Microsoft's main growth driver continues to be its cloud computing efforts in its Azure unit, but it is contending with flagging PC sales. Microsoft CEO Satya Nadella highlighted the company's investment in AI and its role as a platform of choice for customers to get the most value out of their digital spend.

via Yahoo Finance|
#ai#business#cloud-revenue