Box posts first $1 billion fiscal year as AI sales pick up, sending stock flying

Box posts first  billion fiscal year as AI sales pick up, sending stock flying

Published: March 5, 2024 at 4:14 p.m. ET Box Inc.’s stock was up more than 13% after hours Tuesday after the software firm reported its first $1 billion fiscal year and announced a $100 million share-buyback program. “Customers in financial services are upgrading to Box AI,” Box Chief Executive Aaron Levie said in an interview, …

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Opinion: Look out, Super Micro: Dell is cementing itself as an AI play too

Opinion: Look out, Super Micro: Dell is cementing itself as an AI play too

Look out, Super Micro investors, as Dell is starting to cement itself as a major player in artificial intelligence in the computer-server and storage market. The company’s shares surged 19% in after-hours trading, as Chief Operating Officer Jeff Clarke and Chief Financial Officer Yvonne McGill spent much of their time on the earnings call answering …

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Zoom’s stock jumps 13% on strong results, guidance amid AI push

Zoom’s stock jumps 13% on strong results, guidance amid AI push

Published: Feb. 26, 2024 at 4:16 p.m. ET Zoom Video Communications Inc.’s stock surged in extended trading Monday, after the videoconferencing company topped expectations across the board with its financial results and forecasts. The company also authorized a $1.5 billion buyback. Zoom ZM reported fiscal fourth-quarter net income of $298.8 million, or 95 cents cents a share, …

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ServiceNow’s stock dips despite strong subscription sales, revenue jump as AI products gain hold

ServiceNow’s stock dips despite strong subscription sales, revenue jump as AI products gain hold

Last Updated: Jan. 24, 2024 at 8:16 p.m. ET First Published: Jan. 24, 2024 at 4:21 p.m. ET ServiceNow Inc.’s stock retreated 1% in after-hours trading Wednesday, after the company reported a quarterly bounce in revenue on strong subscription sales. “The gen-AI solutions we put into the marketplace in one quarter outsold any other product …

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