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Search resuls for: "Nivedita Balu Tiyashi Datta"


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☆ Tech investors focus on profits after layoffs; companies to highlight AI
  + stars: | 2023-04-24 | by ( Nivedita Balu Tiyashi Datta | Nivedita Balu | Tiyashi Datta | ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/IllustrationApril 24 (Reuters) - A quarter into record layoffs, investors in U.S. tech giants will scrutinize if the cost cuts boosted profits to their satisfaction, while the companies emphasize how artificial intelligence will be their next growth driver. Microsoft Corp (MSFT.O), Google parent Alphabet Inc (GOOGL.O), Instagram owner Meta Platforms Inc (META.O) and Amazon.com Inc (AMZN.O) all report quarterly results this week. From a year earlier, profit is expected to slump nearly 16%, on average, with Microsoft expected to perform the least poorly with a 0.5% slip. These three companies, along with Amazon, said between November and March they would slash 70,000 jobs in a rapidly weakening economy, following a pandemic-led hiring boom. "There are expectations that companies could create or do even more with AI ... every tech investor is expecting those companies to be in the frontier."
☆ Netflix shares slip; five charts that break down its earnings
  + stars: | 2023-04-19 | by ( Nivedita Balu Tiyashi Datta | Nivedita Balu | Tiyashi Datta | ) www.reuters.com   time to read: +2 min
April 19 (Reuters) - Netflix Inc's (NFLX.O) shares fell nearly 3% on Wednesday after the streaming pioneer forecast current-quarter revenue and profit below Wall Street estimates, hit by a delay in the wider roll-out of its solution to password sharing. The company will now launch paid sharing widely, including in the U.S., between April and June. It reported a rise in subscriber growth in the first quarter in Canada - one of the markets where it has cracked down on password sharing. The move is expected to result in some knee-jerk churn and near-term earnings risks but should ultimately pay off, analysts said. "The next few months will likely be noisy as paid sharing headline risk grows louder, but we'd be buyers of related pullbacks," J.P.Morgan analyst Doug Anmuth said.
☆ Microsoft's dour outlook raises red flags for tech sector
  + stars: | 2023-01-25 | by ( Nivedita Balu Tiyashi Datta | Nivedita Balu | Tiyashi Datta | ) www.reuters.com   time to read: +3 min
Jan 25 (Reuters) - Microsoft Corp's (MSFT.O) lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned its customers were cautious about spending in a turbulent economy. Microsoft's Chief Executive Officer, Satya Nadella, and other Microsoft executives used the words "caution" and "cautious" at least six times on the one hour call on Tuesday. "Microsoft is the biggest bellwether for enterprise and cloud spending in the world. Analysts said the sharp slowdown in Microsoft's revenue growth was a "warning sign" for the tech sector, with more weakness at its PC division than the cloud business. Reporting by Nivedita Balu and Tiyashi Datta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
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