Technology 

Dell beats revenue estimates in first report as public company

(Reuters) – Dell Technologies Inc topped Street estimates for quarterly revenue on Thursday in the computer maker’s first earnings report since a return to public markets and also forecast annual revenue above estimates, lifted by demand for its servers and network devices. FILE PHOTO: A Dell logo is seen in this illustration picture taken in Sarajevo, Bosnia and Herzegovina, October 12, 2015. REUTERS/Dado Ruvic Dell, one of the top players in the PC market, returned to public markets on Dec. 28 after it bought back interest tied to the performance…

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Technology 

Dell revenue rises 9 percent in first report as public company

FILE PHOTO: A Dell logo is seen in this illustration picture taken in Sarajevo, Bosnia and Herzegovina, October 12, 2015. REUTERS/Dado Ruvic (Reuters) – Dell Technologies Inc reported on Thursday a nearly 9 percent rise in quarterly revenue in its first earnings report since a return to public markets, lifted by demand for its servers and network devices. The company returned to public markets on Dec. 28 after it bought back interest tied to the performance of software maker VMware, and shares have risen more than 22 percent since then.…

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Technology 

Fitbit sees current-quarter revenue below estimates, shares fall 11 percent

(Reuters) – Wearable device maker Fitbit Inc forecast current-quarter revenue below analysts’ estimates on Wednesday, as the company expects its average selling price to drop, sending its shares down 11 percent in extended trading. FILE PHOTO: Fitbit Blaze watches are displayed during the 2016 CES trade show in Las Vegas, Nevada January 6, 2016. REUTERS/Steve Marcus/File Photo Fitbit has moved into the smartwatch market to cushion the hit from slowing growth of its popular colorful fitness trackers, but has faced tough competition from deeper-pocket companies such as Apple Inc and…

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Technology 

Palo Alto Networks revenue, profit beat Street estimates

(Reuters) – Cybersecurity company Palo Alto Networks Inc topped Wall Street estimates for revenue and profit on Tuesday, aided by better-than-expected growth in its product business, sending its shares up 6 percent. Revenue in the segment, which includes firewall protection software Panorama, soared nearly 33 percent to $271.6 million, beating estimates of $243.1 million, according to IBES data from Refinitiv. Services revenue, which includes revenue from contract-based subscriptions for its security offerings, surged 29 percent to $439.6 million in the second quarter. Analysts on average were expecting $438.4 million from…

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Technology 

Palo Alto Networks quarterly revenue rises 30 percent

(Reuters) – Cybersecurity company Palo Alto Networks Inc reported a 30 percent rise in quarterly revenue on Tuesday, driven by strong growth in its cloud security business. Net loss narrowed to $2.6 million, or 3 cents per share, in the second-quarter ended Jan. 31, from $25.6 million, or 28 cents per share, a year earlier. Total revenue rose to $711.2 million from $545.6 million. The company also said it would repurchase $1 billion of its shares. Reporting by Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli Our Standards:The Thomson Reuters…

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Dropbox beats quarterly revenue estimates

The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration/File Photo (Reuters) – File sharing and storage company Dropbox Inc on Thursday beat Wall Street estimates for quarterly revenue and profit, benefiting from an expanded customer base and higher revenue per user. Shares of the San Francisco-based company were up 2.6 percent at $26.26 in extended trading. Dropbox said it had 12.7 million subscribers at the end of three months on Dec. 31, beating analysts’ average estimate of 12.54 million, according to…

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Garmin forecasts higher full-year revenue, shares rise

A Garmin GPS watch is shown on a display at a store in Encinitas, California, U.S., October 30, 2017. REUTERS/Mike Blake (Reuters) – Garmin Ltd reported quarterly results that beat Wall Street estimates on Wednesday on the back of higher demand for its smartwatches and navigation systems and forecast full-year revenue above expectations. Shares of the company rose 4.2 percent to $73.97 in light trading before the bell. Garmin, which started as a navigation device maker, has benefited in recent years from growing demand for smartwatches and other wearable fitness devices…

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Israel’s Wix.com fourth-quarter profit up, sees 25 revenue growth in 2019

TEL AVIV (Reuters) – Wix.com, which helps small businesses build and operate websites, posted higher-than-expected fourth-quarter profit and forecast a 25 percent rise in revenue in 2019. The logo of website-designer firm Wix.com is seen at a high-tech park in Beersheba, southern Israel August 28, 2017. REUTERS/Amir Cohen It reported on Wednesday a net profit of 42 cents per share excluding one-time items, up from 16 cents a year earlier. Revenue grew 39 percent to $164 million. Analysts had forecast adjusted profit of 33 cents a share on revenue of…

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Akamai quarterly revenue rises 8 percent

(Reuters) – Akamai Technologies Inc reported an 8 percent rise in fourth-quarter revenue on Tuesday, driven by stronger demand for both its cyber-security services and its traditional business of speeding up media content delivery on the web. The company’s net income rose to $94.0 million, or 57 cents per share, in the quarter ended Dec. 31 from $27.5 million, or 16 cents per share, a year earlier. Akamai recorded a $26 million provisional charge associated with the U.S. tax law changes in the last year. Revenue rose to $713.4 million…

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Vimeo revenue jumps 54 percent in 2018, paying subscribers near 1 million

(Reuters) – Online video platform Vimeo’s revenue jumped 54 percent last year as its subscriber base surpassed 950,000, its parent group IAC said on Thursday. The figures highlight the rising interest in alternate video platforms which are much smaller than market leader YouTube but are growing by serving a niche customer base. Vimeo, founded in 2004, caters largely to business customers who pay anywhere from $84 to $900 a year to upload and use professional tools to edit high-definition videos on its ad-free platform. Its 2018 revenue of $160 million…

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