Okta reports earnings, moves headquarters and launches free service for startups

Okta Team Rings Bell It was a big day for online identity management provider, Okta. 
After reporting better-than-expected third-quarter earnings, the company also made a slew of announcements.
Okta, which counts corporate clients like Nordstrom and government clients like the U.S. Department of Justice, said that it’s now going to let startups use its services for free. Young organizations with up to 25… Read More

Yext sees 39% revenue growth in latest quarter

 Yext, the company that powers search results for retail locations, reported third-quarter earnings after the bell on Thursday. The New York-based company said it brought in $44.3 million in revenue for the third quarter.This is 39% growth from the same period last year. Analysts had been expecting $43.85 million in revenue. Losses came in at an adjusted 12 cents per share, better than the… Read More

Box is cash flow positive again, with 26% revenue growth

 Box posted its third-quarter earnings after the bell on Wednesday. The cloud management business reported $129.3 million in revenue, up 26% from last year. This beat analyst estimates of $128.64 million. The company also reported an adjusted negative 13 cents per share, in line with Wall Street estimates. This compares to negative 14 cents from last year. Last quarter, investors were… Read More

Macy’s credit card processors stop working on Black Friday

 It’s one of the biggest shopping days of the year, but retail giant Macy’s can’t get its credit card processors to work.
Customers have been waiting in lines across the United States to buy discounted items, only to find out that the machines won’t take credit cards or gift cards. Some Bloomingdale’s stores, which are owned by Macy’s, may have also been… Read More

Salesforce keeps rolling with another monster quarter, as it sets $20 billion revenue goal

 Ho hum, Salesforce announced its quarterly earnings yesterday and the news was all good once again with revenue up 25 percent to $2.68 billion. The company has blown through its $10 billion yearly revenue goal and has boldly set one for $20 billion by FY2022. I wouldn’t put it passed them.
The company also announced some big executive moves. More on that later
Salesforce is the anti-IBM. Read More

Tencent’s profit surges 69% thanks to its thriving games business

 Tencent, Asia’s highest-valued technology company, has smashed analyst forecasts for its Q3 2017 after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 billion). That blew past expectations of 15.7 billion yuan and 61 billion yuan, according to analysts polled by S&P Global Market Intelligence, thanks to its high-performing mobile and PC… Read More

Redfin shares fall 7% after real estate earnings disappoint

 Redfin, the real estate brokerage site, saw its shares tumble about 7 percent in after-hours trading, shortly after sharing its earnings. The newly public business may have disappointed Wall Street, but it’s still growing. Revenue was up 35 percent from last year and net income nearly doubled, from $5.7 million to $10.6 million. Read More

Nvidia’s huge run continues as its data center business surges

 Nvidia continues to ride the wave of a myriad of huge success stories for the company, like the rapid adoption of the Nintendo Switch and demand for technology to power AI computation within data centers, as it saw yet another quarter where its business continued to expand significantly.
It’s a wave that’s tripled Nvidia’s stock in the last year. Nvidia’s significant… Read More