Several technology companies, including Splunk, CrowdStrike, NetApp, Salesforce, Snowflake, and Synopsys, reported strong financial results for the third quarter of 2023. CrowdStrike's revenue increased by 35% to $786 million, with significant growth in gross profit, net income, and operating cash flow. Salesforce exceeded earnings and revenue forecasts, with an EPS of $2.11 and revenue of $8.72 billion. Snowflake also delivered impressive results, beating revenue estimates and forecasting strong product revenue growth. Synopsys reported record revenue and robust first-quarter revenue forecasts, driven by AI-driven demand. These strong performances led to significant stock price movements, with companies such as CrowdStrike, Salesforce, and Snowflake experiencing notable increases in after-hours trading and pre-market trading.
Shares of UiPath spike on strong earnings and revenue beat, upbeat forecast https://t.co/dG3diviHcA
Salesforce shares jump as strong cloud demand drives stellar results https://t.co/QCLAKF2als https://t.co/15kTyDSvWg
Electronic design automation company Synopsys saw shares slide despite reporting better-than-expected Q3 earnings. "If you look at the overall demand for AI, it's still in an early stage of adoption," COO Sassine Ghazi tells Yahoo Finance. https://t.co/3mI6iPUyQR
Salesforce shares jump as strong cloud demand drives stellar results https://t.co/DBhVRKrO6r https://t.co/cQs7SkCWjA
The driving force behind $CRM's stellar Q3 earnings? According to @jimcramer, it's AI. @davidfaber @carlquintanilla https://t.co/fX02hJD1E1
Salesforce shares jump as strong cloud demand drives stellar results https://t.co/41jnFnmjbt https://t.co/vLRNVpnU4b
⚠️ SALESFORCE SHARES JUMP AS STRONG CLOUD DEMAND DRIVES STELLAR RESULTS Salesforce Inc's stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for… https://t.co/kBxBZ2Ygfq
It's been quite the year for @salesforce, as @WhoStu reports, but as it heads into its silver jubilee, the transformation effort is clearly paying off. CEO Marc @Benioff looks back on 2023 as Salesforce delivers strong Q3: https://t.co/bpt8rbfvDX #AI #GPT #CRM #CX https://t.co/EeRkrBP5zp
CRM up 9% this A.M. on excitement over Q3 revs. &EPS "beats." CRM beat EPS ests. by 2% on cost cutting. Despite Benioff's excitement over 11% rev. growth (vs +14% Q3 '22 & +27% Q3 '21), revenue growth slide is even worse factoring 1st price hikes in 7 yrs. https://t.co/hEFjELnl1q
$CRM (+9.1% pre) Salesforce Earnings Rise on AI Push, Cost-Cutting Measures - Investopedia https://t.co/YS51dW7AJZ
Heard on the Street: Salesforce keeps growth dreams alive enough—the latest results exceed downbeat expectations, buying the cloud-software giant some reprieve from slowdown worries https://t.co/2G16zcE1vP https://t.co/2G16zcE1vP
Salesforce surges on Q3 earnings beat amid 'green shoots' of cloud demand rebound https://t.co/eTAvU3RRCU
Synopsys forecasts robust first-quarter revenue as AI boosts chip-design demand https://t.co/FJngk6Z7YS https://t.co/y2h7qt6kFJ
Salesforce CEO lauds data cloud business, says new customers drove the quarter's success https://t.co/5wDI8YVEkk
Snowflake sees product revenue above estimates on AI-driven demand https://t.co/VM36CVMqQQ https://t.co/uX7g8KWStm
Shares of Salesforce surge on strong earnings beat https://t.co/LBhLKS73Ti
Salesforce raises annual profit view on steady cloud demand https://t.co/VB7svtGKnF https://t.co/ydB7TrJIkZ
Salesforce saw its stock pick up steam in after-hours trading on Wednesday after reporting a sizable revenue bump. https://t.co/dimCPJlsov
Salesforce Announces Strong Third Quarter Fiscal 2024 Results #SalesforceTour #Salesforce #TechnologyNews #Tech #WallStreet #stockstowatch #earnings #BusinessProposal #salesforcepartner https://t.co/yRPcYCZMyx via @SalesforceNews
Synopsys Stock Gains as Earnings Top Estimates. CEO Flags Ways to Win From AI. https://t.co/8yIqXW9cUI
Synopsys shares rise on strong-than-expected earnings and record revenue https://t.co/qWFfFKqupC
Snowflake's great results & promising outlook underscore the positivity coming out of Q3 https://t.co/UeKquetWdi https://t.co/7MAvd297g7 https://t.co/RtqlJ5enKe
Salesforce Stock Rallies on Earnings. Customers Are More Upbeat. https://t.co/YVKp4dYPhy
Snowflake Shares Gain on Strong Earnings https://t.co/jzlgNCIypI
Salesforce gave a profit forecast for the current quarter that topped analysts’ estimates, showing strong momentum in the software giant’s cost-cutting campaign https://t.co/xEKwr7oTPs
Salesforce gave a profit forecast for the current quarter that topped analysts’ estimates, showing strong momentum in the software giant’s cost-cutting campaign https://t.co/tR82hmoUbL
$CRM Salesforce beats, offers solid Q4 guidance. +7% AH https://t.co/NW9Aja4oE2
Snowflake gave a product sales outlook for the current quarter that beat expectations https://t.co/w17qLAQbHe
Snowflake gave a product sales outlook for the current quarter that beat expectations https://t.co/WPgFWl6Zgt
⚠️ SALESFORCE FORECASTS FOURTH-QUARTER REVENUE ABOVE EXPECTATIONS Salesforce forecast fourth-quarter revenue above market expectations on Wednesday, benefiting from strong demand for its cloud and business products in an uncertain economy. https://t.co/q78SrW7ZJT
Salesforce reports better-than-expected earnings as sales increase 11% https://t.co/8VNRM2wY59
Salesforce reports better-than-expected earnings as sales increase 11% https://t.co/YwZPLNdBbW
Snowflake beats by $0.09, beats on revs, product revenue up 34%, well above its guidance, guides for Q4 product revenue growth of 29-30% $SNOW
Salesforce beats by $0.06, reports revs in-line; guides Q4 EPS above consensus, revs in-line $CRM
$CRM $SNOW jumping on earnings beats
Salesforce, $CRM earnings: - EPS $2.11 vs $1.40 - Revenue $8.72 billion Five, $FIVE earnings: - EPS 26C vs 23C Link: https://t.co/E9SOE2vSsi
💰 Salesforce Inc $CRM EPS. vs Forecast 2.11 / 2.06 🟢 Rev. vs Forecast 8.72B / 8.72B Market Cap: 224.45B
Salesforce $CRM reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $2.06 up 47.1% YoY Revenue of $8.72B up 11.2% YoY Snowflake $SNOW reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $0.16 up 45.5% YoY…
$CRWD (+2.8% pre) CrowdStrike posts better-than-expected earnings - DJ https://t.co/S1sp8BsngJ
NetApp Stock Rises on Improved Guidance. It’s Beating the S&P Even as Sales Decline. https://t.co/5xlDgDvuwr
CrowdStrike higher after solid Q3 earnings, recurring revenue outlook https://t.co/eGqiIptQch
Crowdstrike $CRWD 3Q24 Earnings 💪🏻 - Rev $786m +35% ↗️🟢 - GP $591m +40% ↗️ margin 75% +243 bps ✅ - NG EBIT $176m +96% 🚀 margin 22% +690 bps ✅ - NG Net Inc $199m +107% 🚀 margin 25% +880 bps ✅ - OCF $274m +13% ↗️ margin 35% -701 bps ↘️🔴 - FCF $239m +37% ↗️ margin 30% +44… https://t.co/6KIEhATr4n
Splunk beats quarterly revenue estimates on robust cybersecurity demand https://t.co/qQhH0hGEr8 https://t.co/Ky4QHD8fhf