Cloud Capital: Riding or Dying with IoT, AI, Big Data, Robotics and Social Media
In fact, tech investors are a pretty unsinkable group in general, and the cloud gets an additional boost... It is so closely connected to themes like The Internet of Things, Artificial Intelligence, Big Data, Robotics, and Social Media.
In this episode of "Cloud Capital", VMware shows 13% top-line growth, while Anaplan, Teradata and Workday also report first-quarter earnings. Plus Intuit plans to acquire Origami Logic, Twilio plots to raise $750 million in stock and Salesforce stays active on GitHub.
Palo Alto-based VMware (VMW) reported net income for the first quarter of $505 million, compared to $942 million last year. Revenue came in at $2.27 billion, an increase of 13% over last year.
"Q1 was a good start to fiscal 2020 with strength across our comprehensive solutions portfolio" commented company CEO, Pat Gelsinger. "We were especially pleased to announce a number of agreements during the quarter with key partners Amazon Web Services, Dell and Microsoft as customers continue to turn to VMware's cloud infrastructure technology to enable their digital transformations."
VMware is maintaining its guidance for full-year numbers, including total revenue of $10.03 billion, and operating margin of between 21.4% and 22.8%. The company's board has also authorized an incremental $1.5 billion in stock repurchases through the end of fiscal year 2021.
The company's top announcement for the quarter was an expansion of its partnership, with AWS. The VMware Cloud on AWS service is now available in 14 regions globally, including recent availability in the Canada, Mumbai, Paris and Singapore zones.
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In other earnings news, Anaplan (PLAN) reported first-quarter revenues of $75.8 million, an increase of 47% year-over-year. The company's operating loss was $37.1 million, compared to $25.3 million last year.
"We are very pleased to start our fiscal year with strong first quarter results" said Frank Calderoni, CEO at Anaplan. "Our customers are consistently impressed with the value they receive from the results of deploying Anaplan across their enterprise."
San Diego-based Teradata (TDC) reported first-quarter recurring revenue increased 10 percent to $331 million, while its net loss for the quarter came in at $10 million. The company says it has "strong momentum" backed by "increasing demand" for Teradata VantageTM, which is Teradata's analytics solution.
Pleasanton, California-based Workday (WDAY) saw its first quarter revenues jump 33.4% to $825.1 million. At the same time, the company's operating loss came it at $123.4 million.
Highlights from the quarter included delivering more than 500 new features for its featured release, Workday 32, including deeper investments in Workday Learning and Workday Recruiting.
"We added many new customers across the globe " said Aneel Bhusri, company CEO. "We believe our ability to enable more organizations to plan, execute, and analyze in one system powered by machine learning, coupled with our commitment to employee and customer success, will further solidify our foundation for enduring growth."
Meanwhile, Intuit (INTU) plans to acquire Origami Logic, the makers of an advanced data integration, ingestion, and analytics platform.
Intuit has been accelerating its strategy to become an Artificial Intelligence-
"As we enter our next chapter of transformation, having a strong data architecture lies at the heart of Intuit's strategy to deliver valuable insights to our customers," said company CEO, Sasan Goodarzi. "This acquisition will accelerate Intuit's ability to organize, understand, and use data to deliver personalized insights that help customers quickly achieve success and build confidence whenever they use Intuit products."
Twilio will launch a $750 million offering of Class A Common Stock. The company intends to use the net proceeds from this offering for general corporate purposes, which may include the acquisition of other companies or businesses, the refinancing or repayment of debt, capital expenditures, working capital and share repurchases.
In other news, Salesforce has open sourced Lightning Web Components, the company's standards-based UI framework. "Open sourcing Lightning Web Components significantly extends its reach by empowering developers to build on the development stack of their choice" said the company in its blog. "It is now available on GitHub so developers can explore the source code and help us define the future of development on Salesforce by contributing back to the project."
"Cloud Capital" is produced by TVP, and sponsored by RestonLogic, cloud wizards leveraging over 10 years experience helping companies automate, transform and build highly-secure and stable systems. Click over to restonlogic dot com to book your strategy session today.
Disclaimer: The blurbs highlighted on "Cloud Capital" are available for information purposes only, and don't necessarily reflect opinions of our editors.
Page Updated Last on: Jun 30, 2019