Financial News
Why Papa John's and Domino's are all about digital pizza ordering
I can't remember the last time I called someone on the phone to place an order for pizza. Papa John's told investors during its first-quarter earnings call that 55% of its total sales now come through digital. Sixty percent of those digital transactions came from mobile devices. Competing pizza chains Domino's and Yum! Brands' Pizza Hut are also investing heavily in e-commerce. Both have invested in ordering methods for smartwatches, connected cars, and video game systems.
Salesforce.com Inc (NYSE:CRM) - Salesforce.com Q1'16 Earnings Conference Call: Full Transcript
Good day my name is Victoria and I will your conference operator. At this time I would like welcome everyone to the salesforce.com, All lines have been placed on mute to prevent any background noise. After the speakers' there will be question-and-answer session. If you would to ask a question during this time simply press star then the number one on your telephone keypad. If you would like to withdraw your question press the pound key. I would now like to turn the call over to John Cummings, Vice President of Investor Relations. Our first quarter results press release, SEC filings and the replay of today's call can be found on our IR website at www.Salesforce.com/inverstor. And with me today on the call is Marc Benioff, Chairman and CEO, Keith Block, Vice Chairman President and Mark Hawkins, CFO. As a reminder, our commentary today will primarily be in non-GAAP terms. Reconciliations between our GAAP and non-GAAP results and guidance can be found in our earnings press release. Also some of our comments today may also contain forward-looking statements, which are subject to risks, uncertainties and assumptions.
UPDATE 3-Salesforce CEO eyes artificial intelligence for robust growth
May 18 (Reuters) - Salesforce.com Inc, a marketing-and-sales software provider for 17 years, may be joining the ranks of the technology old-guard, but the 27 percent first-quarter revenue growth it posted on Wednesday still showed some startup zip. The company also provided a rosy outlook, raising its full-year revenue forecast and predicting that technology like artificial intelligence would drive future growth. Shares of Salesforce, seen as a barometer for the cloud-computing sector, rose 5.9 percent in after-hours trading. Cloud-delivered software, provided online on a subscription basis, has gained popularity with businesses due to its flexibility and cost benefits. Salesforce, founded in 1999, has won market share from more traditional software providers such as Oracle Corp and SAP AG, Chief Executive Marc Benioff reminded analysts on a conference call after the company reported its earnings.
Tesla Pushes Nvidia Deeper Into The Datacenter
If you are trying to figure out what impact the new "Pascal" family of GPUs is going to have on the business at Nvidia, just take a gander at the recent financial results for the datacenter division of the company. If Nvidia had not spent the better part of a decade building its Tesla compute business, it would be a little smaller and quite a bit less profitable. In the company's first quarter of fiscal 2017, which ended on May 1, Nvidia posted sales of 1.31 billion, up 13 percent from the year ago period, and net income hit 196 million, up 46 percent over the same term. These are the kinds of growth numbers that all IT vendors like to show to Wall Street, especially with profit growth significantly outpacing revenue growth. The datacenter portion of Nvidia, which it only started reporting on separately last year and for which it has given two years of financial results since it has become materially relevant, is growing much faster than the overall business.
NVIDIA's Quarterly Earnings Beat Estimates, With Growth in All Major Business Segments Fox Business
Last week, NVIDIA released its first-quarter fiscal 2017 report, which included some impressive results. The graphics-processor maker posted Q1 revenue of 1.3 billion, an increase of 13% year over year, and non-GAAP earning per share were up 39% from the year-ago quarter to 0.46. Wall Street analysts had been expecting revenue of around 1.26 billion and EPS of 0.41. NVIDIA co-founder and CEO Jen-Hsun Huang said the revenue and earnings growth were spurred on by all of the key segments of its business. "We are enjoying growth in all of our platforms -- gaming, professional visualization, datacenter and auto," Huang said in a press release.
NVIDIA's Quarterly Earnings Beat Estimates, With Growth in All Major Business Segments -- The Motley Fool
Last week, NVIDIA (NASDAQ:NVDA) released its first-quarter fiscal 2017 report, which included some impressive results. The graphics-processor maker posted Q1 revenue of 1.3 billion, an increase of 13% year over year, and non-GAAP earning per share were up 39% from the year-ago quarter to 0.46. Wall Street analysts had been expecting revenue of around 1.26 billion and EPS of 0.41. NVIDIA co-founder and CEO Jen-Hsun Huang said the revenue and earnings growth were spurred on by all of the key segments of its business. "We are enjoying growth in all of our platforms -- gaming, professional visualization, datacenter and auto," Huang said in a press release.
If You Love Self-Driving Cars, You Should Check Out NXP and NVIDIA -- The Motley Fool
Let's skip to the chase: Self-driving cars are going to be The Next Big Thing (tm). Here's how you can make big money from this revolution, no matter which carmaker or technology platform comes out on top. Since Alphabet started leading this futuristic idea out into the mainstream, the car industry itself has turned in that direction. Name a carmaker, and I bet the company has developed at least the embryo of a self-driving platform. You can already find traces of this upcoming revolution inside current cars, powering automatic parallel-parking systems or highway-speed autopilots.
Tesla Partner Nvidia Speeds To Record High On 'Superhuman' AI
Nvidia's (NVDA) AI technology with Facebook (FB), Alphabet (GOOGL) and Microsoft (MSFT) is powering "superhuman" levels of inference, or artificial intelligence, Nvidia CEO Jen-Hsun Huang said Thursday, after the Tesla Motors (TSLA) partner blasted Q1 views on record deep-learning sales. "The truth is that nobody really knows how big this deep-learning market is going to be," Huang said on the company's earnings conference call. He referred specifically to gains that customer Microsoft was making with AI and deep learning. "The work that recently was done at Microsoft Research, they've achieved superhuman levels of inferencing … of image recognition and voice recognition that's really kind of hard to imagine," he said, "and these networks are now huge." On the stock market today, Nvidia stock rocketed 15% and hit an all-time high of 41.
GM finishes buying self-driving car tech firm
General Motors has completed its acquisition of Cruise Automation, the 3-year-old San Francisco startup that may provide a critical piece of technology in the quest to bring a fully autonomous car to market soon. The automaker won't disclose the final price or other terms until this summer when it reports second-quarter financial results. Multiple media sources have reported that GM is paying at least 1 billion for Cruise. "General Motors is pleased to announce it has completed the closing of the acquisition of Cruise Automation," the company said in a statement. The deal's consummation had been threatened by a pair of lawsuits involving Cruise cofounder and CEO Kyle Vogt and Jeremy Guillory, who said he was an early partner in the company.
Tesla Partner Nvidia Speeds To Record High On 'Superhuman' AI
Nvidia's (NVDA) AI technology with Facebook (FB), Alphabet (GOOGL) and Microsoft (MSFT) is powering "superhuman" levels of inference, or artificial intelligence, Nvidia CEO Jen-Hsun Huang said Thursday, after the Tesla Motors (TSLA) partner blasted Q1 views on record deep-learning sales. "The truth is that nobody really knows how big this deep-learning market is going to be," Huang said on the company's earnings conference call. He referred specifically to gains that customer Microsoft was making with AI and deep learning. "The work that recently was done at Microsoft Research, they've achieved superhuman levels of inferencing … of image recognition and voice recognition that's really kind of hard to imagine," he said, "and these networks are now huge." In midday trading on the stock market today, Nvidia stock was up more than 14% and hit an all-time high at 40.30.