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Rapid7 reported the results of its Sept ending quarter earlier this afternoon. The results for the quarter were impressive relative to expectation with a non-GAAP operating loss of $.13 compared to a prior forecast for a $.20/share loss. Revenues also showed a modest beat, typical of the performance of subscription based software vendors, and were…
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After an interminable set of campaigns that seemingly started in prehistoric times, the elections are in the books for the most part-and the Republicans won a clean sweep. It wasn’t an historic triumph or a re-aligning election-it was a victory against what is perceived to be the establishment and the status-quo. How much of what…
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Oracle’s acquisition of NetSuite has been approved narrowly by NetSuite shareholders and the transaction will close today. I feel that the integration issues will turn out to be far greater than is commonly expected. I think that NetSuite has a totally separate architecture that Oracle will now be obliged to maintain for a gradually shrinking…
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Cognizant reported the results of its September ending quarter earlier this morning. Overall, compared to prior fears, the results were decent if not spectacular. The company reported revenues that were in line and reported earnings per share that were a slight beat. It forecast earnings per share to be in line with prior consensus with…
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Shopify shares saw a strong positive reaction in the wake of the company’s earnings report and then pulled back sharply the last couple of days. Overall, the shares were down about 2.5% last week. The company continues to grow very rapidly with revenues up 69% year on year and of equal importance revenues grew by…
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On Friday, NetApp announced that it was planning to reduce its work force by as much as 6%. The shares fell by 6% in the wake of the layoff announcement and are off by 10% mtd. This is the third of the company’s workforce reductions since the new CEO was appointed about a year ago.…
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1) MSFT reported its results for its first fiscal quarter. Most noteworthy was its exception performance selling Azure. Growth of 120% was probably the fastest of the major vendors and suggested that the company would have gained some market share on Amazon. The company also achieved very strong performance in its commercial cloud with an…
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