Financials

SAP first quarter results: cloud up but outlook down for 2023

SAP financial results for the first quarter beat analysts' expectations, with cloud revenues totaling €3.18bn. The ERP giant adjusted its outlook for 2023 though, due to the divestment of its Qualtrics unit in March.

IBM shows steady growth for first quarter 2023

IBM has released its first quarter 2023 results with a current revenue of $14.3bn, up 0.4 percent, up 4.4 percent at constant currency, demonstrating steady growth for the company.

image of Accenture building | Accenture acquires management consultancy Insight Sourcing

Accenture Q2 secures record bookings, with staff layoffs to come

Accenture has announced its Q2 fiscal 2023 results, seeing revenues increasing and record quarterly bookings. 19,000 job cuts were also confirmed, in a bid to reduce costs.

UiPath Dines Enslin | UiPath | Robert Enslin

UiPath drives record Q4 momentum with revenue and customer wins

UiPath has reported fourth quarter revenue of $308.5m an increase of 7 percent year-on-year, and a full year fiscal 2023 revenue of $1.059bn increased 19 percent YoY.

image of Sanjit Biswas, CEO and co-founder of Samsara | Samsara Q3

Samsara swings highest quarter in three years with headcount swell

Samsara has announced its fourth quarter and full fiscal year 2023 financial results, reporting quarterly growth at its highest in three years and a 40 percent headcount swell.

Hewlett Packard Enterprise delivers record-setting results for Q1

Hewlett Packard Enterprise has revealed its highest first-quarter performance since 2016 with reported revenue of $7.8bn up 12 percent, 18 percent for adjusted currency.

Salesforce pushes profits in strong share-boosting Q4

Salesforce, the global leader in CRM, has released strong results for its fourth quarter and full fiscal year ending 31 January 2023, causing shares to leap up 16 percent.

Snowflake reports 54 percent growth in Q4; bets big on hiring

Q4 results from Snowflake reported $555.3m in product revenue for the data cloud company, representing 54 percent YoY growth.

Workday overshoots in Q4, gaining ground on $10bn target

Workday has announced financial results for its fiscal 2023 fourth quarter and full year ended 31 January 2023, with revenue wins inching the firm ever closer to its 2025 $10bn target.

Google focused on AI as Q4 results miss targets

Google missed expectations in their Q4 financial results with advertising revenue down. Google Cloud has halved losses, and investment in AI has been announced.

ServiceNow Q4 results chime with leadership optimism

ServiceNow has announced its financial results for Q4 and the full year, revealing yet another positive quarter, with results exceeding the high end of guidance across GAAP topline growth and profitability.

Arvind Krishna, IBM chairman and chief executive officer | IBM third-quarter

IBM hits highest growth in a decade with mid-digit push for 2022

IBM has announced its financial results for 2022, with success across business segments producing the highest revenue growth in a decade for the firm. A six percent rise has seen revenues of $60.5bn for the full year and $16.7bn for the fourth-quarter.

SAP drives continued cloud momentum with Q4 results

SAP has announced its Q4 and FY 2022 results, with figures suggesting continued results are coming from the cloud after Q4 S/4HANA cloud revenue grew 101 percent.

Oracle second quarter boosted by staggering cloud growth

Oracle Corporation has announced its results for the second quarter of fiscal 2023, showing strong double-digit growth and big numbers for cloud and OCI. The increase was largely driven by huge growth in overall cloud revenue.

Double digits for UiPath Q3 results

UiPath, a leading intelligent automation provider, has announced financial results for its third quarter of fiscal 2023.

Samsara financial results - Sanjit Biswas CEO | Samsara Q2

Samsara reports strong earnings and 47 percent year-on-year growth

Samsara has announced its financial results for the third quarter of fiscal 2023, indicating a slowing in growth for the firm.

Snowflake grows 67 percent in Q3 results

Snowflake, has announced financial results for its third quarter of fiscal 2023, reporting $557m quarterly revenue and 67 percent year-over-year growth for the firm.

Workday Q3 subscribes success despite small operating loss

Workday has announced its Q3 financial results, with revenues reaching $1.6bn for the quarter, up 20.5 percent from Q3 2022. The HR and finance software vendor showed strong growth in its subscription services, with subscription revenues hitting $1.43bn, up 22.3 percent year over year this quarter.

HPE Q4 results see edge-to-cloud highs, and AI lows

HPE has closed 2022 with its second-highest quarterly revenue on record, as the company's edge-to-cloud portfolio drives significant return.

Aiman Ezzat - CEO Capgemini | Capgemini Group

Capgemini Q3 hails company-wide double-digit growth

Capgemini Group reports sustained growth in revenues, after seeing a 22 percent year-on-year rise as third quarter results go live.

IFS posts sky-high results in Q3 with cloud revenue up 104%

IFS has seen exceptional results this quarter, reflecting a solid year with the third consecutive period of growth. The annual recurring revenue increased by 38 percent, with cloud revenue growing at a phenomenal 104 percent against the same quarter last year.

Microsoft Q1 reveals cloud wins amidst net income falls

Microsoft's first quarter 2023 financial results show an 11 percent revenue increase, to $50.1bn year on year. The net income for the technology giant, however, has fallen by 14 percent.

SAP Q3 results light up the cloud sky

SAP Q3 results have been announced for this year, with a cloud revenue boost expected to continue accelerating through 2023.

IBM office building | IBM announces expansion to its software portfolio in AWS marketplace

IBM third quarter results reveal strategy pay off

IBM has enjoyed growth across all business segments this third quarter resulting in total revenue of $14.1b, up six percent.

Oracle’s cloud growth sets the stage for Q1 fiscal results

Oracle Corporation announced significant quarterly revenue gains in its Q1 fiscal results in 2023. Cloud services and license support revenues were up 20 percent in constant currency to $8.4bn, while cloud and on-premises license revenues were up 19 percent in constant currency to $0.9bn.

UiPath hits a billion in Q2 results

UiPath has today announced financial results for its second quarter of fiscal 2023. The total ARR for the automation vendor has surpassed the $1bn mark.

Cloud drives momentum for SAP in Q1

SAP has reported results for Q1 ended March 31 2022, revealing 31 percent growth in cloud revenue to €2.82bn. SAP’s current cloud backlog was up 28 percent to €9.73 billion, with the war in Ukraine reducing current cloud backlog growth at constant currencies by 0.8 percentage points.