Tag Archives: lead tech

Amazon Q3 Loss Worse Than Expected, As Is Q4 Guidance

Heavy spending continues to dog Amazon.com, which late Thursday posted what was its biggest loss in more than a decade — one much deeper than Wall Street analysts had expected, sending shares falling in after-hours trading. Amazon (AMZN) posted revenue that rose 20% from the year-earlier quarter but fell shy of analyst views, as did the company’s Q4 revenue guidance. Total operating expenses rose 23.4% to $21.1 billion. Amazon stock was down 11%

Red Hat Growth Could Be Tied To OpenStack Cloud

The question of whether Red Hat is still a high-growth company remains unanswered even after last month, when it posted fiscal Q2 revenue that rose 19% from the year-earlier quarter — its biggest rise in more than two years. Nevertheless, Red Hat’s (RHT) Q3 revenue guidance was lighter than expected, with the company citing foreign currency exchange issues. The No. 1 maker of software and services for the open-source Linux operating system is amid

ServiceNow Beats Q3 Estimates As Opportunity Grows

ServiceNow continues to epitomize high growth in a technology company. The enterprise software firm late Wednesday reported third-quarter sales and earnings that beat analyst estimates as it expands beyond its core IT service management software into such areas as human resources, financial management, and sales and marketing departments. ServiceNow’s (NOW) Q3 billings number far exceeded views, and its revenue forecast for the current quarter was