Technology

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Workday

Workday, Inc. (WDAY) (Q4FY24) – Strategic growth fuels innovation in finance and HR

Workday’s financial performance for FY24 was impressive, continuing the trend of strong growth. Total revenue reached $1.9bn in Q4, reflecting a 17% increase Y/Y.
Micron Technology
The memory and storage industry faced challenges in 2022 and 2023 due to weak demand and global economic issues, leading to lower prices and revenue. However, in 2024, the industry rebounded due to increased demand and improved supply management, resulting in better pricing and margins for Micron.
Taiwan Semiconductor
TSMC displayed remarkable strength in the aftermath of the recent earthquake. Despite the disruption, they were able to resume full operations at all fabs within just three days.
Broadcom
The company has achieved remarkable revenue growth, with consolidated net revenue reaching $12bn, marking a substantial 34% year-on-year increase.
Warner Bros Discovery
Warner Bros. has faced a series of setbacks across its divisions, notably in the networks division where advertising revenue has declined due to audience decreases in domestic general entertainment and news networks, compounded by a sluggish advertising market both domestically and internationally.
Snowflake
Snowflake has recently released several key product developments to give users more power. These new features focus on bringing artificial intelligence (AI) and machine learning (ML) capabilities directly to the Snowflake data cloud platform.
Autodesk
Autodesk’s CEO has recently emphasized the company’s leadership role in developing 3D generative AI as part of its push toward innovation. Generative AI, similar to ChatGPT in the world of language, has the potential to revolutionize the design process.
Dell Technologies
The company’s AI portfolio, which includes flagship products like the PowerEdge XE9680, has experienced strong demand and remains a key driver of growth.
Trend Micro
Trend Micro’s Enterprise Hybrid Annual Recurring Revenue (ARR) strategy combines subscription-based ARR with perpetual-based renewals, focusing on recurring revenue streams.
uber
Uber’s advertising division reached a $900 million revenue run-rate, expanding into alcohol sponsorship on Uber Eats and entering Latin American markets.
Intuit
Intuit’s goal is to revolutionize the tax preparation industry through innovation. They know that the traditional tax filing procedure is complex and time-consuming, therefore they are using artificial intelligence (AI) and virtual expert services to address this issue.
Unity Software
Unity Software Inc. encountered challenges likely stemming from a developer boycott, which caused a slowdown in two vital aspects of their business: securing new contracts and renewing existing ones.