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Stock of drone maker AeroVironment soars after strong earnings report

Los Angeles Times

Shares of AeroVironment Inc., a drone manufacturer based in Monrovia, soared Wednesday after the company reported strong second-quarter earnings, boosted by a growth in sales of unmanned aircraft systems. AeroVironment stock was up as much as 34% on Wednesday morning before losing some of its gains. It was up 26% at $54.49 around noon Pacific time. The company held its second-quarter earnings call with analysts Tuesday afternoon and reported revenue of $73.8 million, a 47% increase compared with the same period last year. AeroVironment attributed the gain to increased sales of unmanned aircraft systems, which includes drones, on-board cameras and sensors and ground control stations.


TechnologyOne eyes a future with AI as enterprise cloud gains further steam

ZDNet

Australian enterprise software firm TechnologyOne has released its financial results for the 2017 financial year, reporting AU$44.5 million in after-tax profit, on revenue of AU$273.2 million. Speaking with ZDNet about the results, founder, former CEO, and now chairman of TechnologyOne Adrian Di Marco said the massive market that is enterprise cloud in Australia is continuing to pick up pace. "The cloud is a new paradigm for customers. The market is actually massive in Australia, there are government departments, which we've seen huge demand from federal government, state departments, local governments, universities -- they all want to go into the cloud and they really all want it delivered how we're offering, software-as-a-service, not as a hosted thing," he said. "The cloud is growing exceptionally fast.


NBN looking into 1Tbps satellites

ZDNet

Australia's National Broadband Network (NBN) is looking into the utilisation of satellites with 1Tbps capacity as consumer demand for bandwidth increases, CEO Bill Morrow has told ZDNet. Speaking during NBN's first-quarter financial results call, Morrow said NBN has many options for evolving its network, with the company still seeing satellite as its best solution for providing connectivity to those living in regional and rural Australia. "When we think about those people in the very remote parts of the country, we still do not see other technologies than satellite as the most optimal solution, so we stay on top of the current developments of technology that are satellite related," Morrow told ZDNet. "For example, we know that there are terabit-per-second-capability satellites that are being built and planned to be deployed in a similar geostationary orbit path as what we have for our satellites, so we try to examine at what point would we think that consumer demand would be necessary to justify deploying those other satellites. "There's been no decision to go forward, but we watch it closely."


Trade Desk CEO Jeff Green on ad fraud, connected TV, China and the data marketplace

ZDNet

For marketers, it's likely that their digital advertising budgets will flow through Trade Desk at some point since the buy-side programmatic platform grabbing share in areas such as connected TV, Web, mobile and audio. Trade Desk, an independent ad platform, delivered strong third quarter revenue growth and earnings as it competes against giants for a piece of the ad revenue pie. For marketers, Trade Desk has become a key partner due to its independence, buy-side focus and customer service. The company reported third quarter net income of $10.2 million, or 23 cents a share, on revenue of $79.4 million, up 50 percent from a year ago. Trade Desk recently launched a successful IPO.


Nvidia CEO: Gaming will be huge, but so will AI and data center businesses

#artificialintelligence

Nvidia reported a stellar quarter for the three months ended October 31. Nvidia had $2.6 billion in revenue in the quarter, and $1.5 billion of it came from graphics chips for gaming PCs. But the company's investment in artificial intelligence chips is paying off, with data center growing beyond $500 million in revenue for the first time. Jensen Huang, CEO of Santa Clara, California-based Nvidia, said his company started investing in AI seven years ago, and that its latest AI chips are the result of years of work by several thousand engineers. That has given the company an edge in AI, and other rivals are scrambling to keep up, he said.


Nvidia CEO: Gaming will be huge, but so will AI and data center businesses

#artificialintelligence

Nvidia reported a stellar quarter for the three months ended October 31. Nvidia had $2.6 billion in revenue in the quarter, and $1.5 billion of it came from graphics chips for gaming PCs. But the company's investment in artificial intelligence chips is paying off, with data center growing beyond $500 million in revenue for the first time. Jensen Huang, CEO of Santa Clara, California-based Nvidia, said his company started investing in AI seven years ago, and that its latest AI chips are the result of years of work by several thousand engineers. That has given the company an edge in AI, and other rivals are scrambling to keep up, he said.


NVidia $NVDA Earnings Glow With Machine Learning, AI, Bitcoin & Gaming Graphics

#artificialintelligence

High-performance graphics chip pioneer NVidia reported better than expected fiscal Q3 earnings after the market close on Thursday. NVidia raised the dividend 7 percent to 15 cents a share and intends to return $1.25 billion to shareholders during the next fiscal year. NVidia consistently trumps analysts' expectations and comes just after Sony and gaming stocks Take Two Interactive $TTWO and Activision Blizzard $ATVI delivered strong earnings. NVIDA chips, graphics processors are gaming industry standouts for personal computers and video game consoles. Earnings: EPS $1.33 way ahead of analysts expected EPS of 94 cents on Revenue of $2.64 Billio beats expected 18% revenue growth to $2.36 billion.. "We had a great quarter across all of our growth drivers.


Xero reports record EBITDA as it prepares to delist from the NZX

ZDNet

Xero has announced positive earnings before interest, tax, depreciation, and amortisation (EBITDA) for the first time in its history, reporting NZ$5.4 million for the six-month period ending on September 30, 2017. EBITDA in the previous corresponding period was minus NZ$25.9 million, marking a 121 percent improvement. The Australian Securities Exchange (ASX)-listed cloud accounting software company also reported an improved after-tax loss of NZ$21.1 million for H1 FY18, compared to the loss of NZ$43.9 million reported in the previous half-year period. Operating cashflow increased 145 percent on the half from minus NZ$13.4 million to NZ$6.1 million, while operating revenue increased 37 percent from NZ$137 million to NZ$188 million. Subscription revenue accounted for a majority of Xero's operating revenue, as usual, coming in at NZ$183 million, up 38 percent from the NZ$133 million reported in H1 FY16.


Intel's PC Business Falls Flat, Profits Boom 34%

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In Intel's financial third quarter reported Thursday, the chip giant made $16.1 billion in revenue on earnings of 94 cents per share, beating Wall Street estimates of $15.73 billion in revenue on earnings of 80 cents per share. The PC market continues to be a challenge for Intel. Growth in the company's PC unit was flat over the previous year with $8.9 billion in sales for the quarter. In addition to a slowing market, Intel faces a more competitive Advanced Micro Devices, which just launched its latest chips for laptop computers on Thursday. "We have earnings growth in a market with increasing competition," pointed out Intel CFO Bob Swan in an interview.


Intel Heads List of Strong 3Q Tech Results

#artificialintelligence

Intel Corp. reported strong revenue growth during its third quarter as its "data-centric" strategy begins to take hold in key technology sectors like all-flash storage. Meanwhile, it is readying a new AI chip. Intel was among several leading U.S. technology companies reporting strong revenues this week along with Amazon and Google. The chipmaker reported revenue totaling $16.1 billion for its third quarter, about $400 million higher than forecast. Intel said it is revising its annual revenue forecast up by $700 million to $62 billion.