In public and private markets, cloud earnings and valuations heat up – ITPro.works

Good news for software startups riding the updraft This quarter, strong earnings results from public cloud companies were overshadowed by a seemingly endless IPO cycle. Another moment we somewhat missed … Read More

Square and PayPal earnings bring good (and bad) news for fintech startups – ITPro.works

Earnings season is racing past us, with the big ride-hailing companies’ numbers in, all of the Big Five having wrapped their reporting and lots of SaaS numbers in the market. But … Read More

Beyond Meat earnings miss big on declining food service and consumer demand – ITPro.works

Beyond Meat’s partnership with McDonald’s to develop the McPlant burger wasn’t enough to keep shares from collapsing after the company posted third-quarter earnings that fell far below analysts’ expectations. The … Read More

PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech – ITPro.works

PayPal’s stock is down in after-hours trading after reporting third-quarter earnings that beat expectations. It’s not immediately clear why PayPal is losing ground, although it could stem from retail investor … Read More

Ad revenues and e-commerce boom boost Facebook earnings but US users down from COVID surge – ITPro.works

Facebook reported its Q3 earnings today, including revenues of $21.5 billion, and net income of $7.8 billion. The company earned $2.71 in per-share profit during the three-month period. Analysts had … Read More

Microsoft stock flat despite better-than-expected earnings, strong Azure growth – ITPro.works

Today after the bell, Microsoft reported its calendar Q3 2020 earnings, the period of time that corresponds to its Q1 fiscal 2021 period. In the three months ending September 30, … Read More

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