Category Archives: earnings

Okta soars 5% after first earnings report

Okta Team Rings Bell Okta reported its first quarterly results since going public in April. The company managed to surpass investors expectations and went up 5% in initial after-hours trading. Okta, which provides identity management software for businesses, brought in $53 million in revenue, a 67% increase from the same period last year. Investors had been forecasting $48 million. But losses increased from… Read More

Meal ingredient delivery service Blue Apron is the next big consumer IPO

 Blue Apron, which delivers ingredients to cook meals in your home and was among the companies whispered to go public this year, has now filed to go public. Amidst an array of enterprise companies that have jumped on the IPO bandwagon following Snap’s successful IPO (aside from its more recent whiff of an earnings report), Blue Apron appears to be the next major consumer IPO.… Read More

Revenue, I choose you! The Pokémon Company’s profits jump by 2,500 percent

 It’s been a banner year for The Pokémon Company: Pokémon GO was a global phenomenon and the latest full-on Pokégame for the 3DS sold very well indeed. One would expect the company to be doing well financially — perhaps even doubling or tripling last year’s profits. Well, apparently it quinvigintupled them, which is to say multiplied by 25 times. (I had to look it up.) Read More

Salesforce marches steadily toward $10B run rate goal

 Salesforce is on a steady climb toward a $10 billion revenue run rate. And while it’s not quite there yet, its recent, nearly $2.4 billion quarter puts it squarely in the neighborhood. According to the company’s CEO, Marc Benioff, Salesforce’s revenue growth results give it “the fastest growth of any top [five] enterprise software company.” It’s clear… Read More

Crunch Report | Snap Trips and Falls on Wall Street

Snap has a pretty rough day with its first earnings report, Didi Chuxing gets a big $5 billion investment from SoftBank and the author of “Cracking the Coding Interview” comes into the studio to challege John Mannes at Connect 4. All this on Crunch Report. Read More

Snap is getting absolutely crushed after falling short of Wall Street’s expectations

 Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The company said it brought in $149.6 million in revenue in the first quarter this year. It also said it lost $2.31 per share, though most of that was due to expenses related to stock-based compensation. Read More

These are the three things one Silicon Valley VC wants to hear on Snap’s first earnings call tomorrow

 Goodwater Capital, a two-year-old, San Mateo, Ca.-based early-stage venture firm, has been trying to stake out new territory for itself by publishing a steady stream of research and tools that help inform both competing firms and startup founders. One of those pieces of research was a detailed snapshot of the tech company Snap, which Goodwater published in early February, shortly before… Read More

Nvidia is surging after its income more than doubled year-over-year

 Nvidia’s ballooning GPU business and big bets on divisions like autonomous driving continue to look better and better, with the company’s shares jumping more than 10% after it reported its first-quarter earnings. In the first quarter this year, the company said it brought in $507 million in net income — up from $208 million in the first quarter a year ago. That doubled… Read More