NexOptic Technology Corp (TSXV: NXO)
You’ll Never See The World The Same Way Again
Facebook (NASDAQ:FB) is up 6.4% in early after-hours trading following Q1 earnings where revenues rose 18%, operating income jumped 78% on higher margins, and net income more than doubled.
Usage came in slightly higher than expected as well: Daily active users at 1.73B on average for March (up 11%), vs. expected 1.7B, and monthly active users of 2.6B as of March 31 (up 10%), vs. 2.55B expected.
Daily active people was 2.36B (up 12%), and family monthly active people rose 11% to 2.99B.
There was a “significant reduction in the demand for advertising, as well as a related decline in the pricing of our ads” over the last three weeks of the quarter. Engagement was up as expected.
Liquidity was $60.29B as of March 31 (after quarter’s end, Facebook invested $5.7B in Reliance Jio, and paid a $5B FTC settlement).
Conference call to come at 5 p.m. ET.
Microsoft (NASDAQ:MSFT): Q3 GAAP EPS of $1.40 beats by $0.13.
Revenue of $35.02B (+14.4% Y/Y) beats by $1.32B.
Shares +2.2%.
Qualcomm (NASDAQ:QCOM): Q2 Non-GAAP EPS of $0.88 beats by $0.09; GAAP EPS of $0.41 misses by $0.08.
Revenue of $5.2B (+6.1% Y/Y) beats by $160M.
Shares +2.7%.
The companies launch Wipro’s (WIT +2.2%) Digital Database Services, which is powered by Nutanix’s (NTNX +9.0%) Era and HCI database software.
The solution is meant to help enterprises provision and manage databases without any hardware or software knowledge.
Nutanix also announces that Alabama Agricultural and Mechanical University has selected the company to provide private cloud infrastructure to support its digital transformation.
Deutsche Telekom (DTEGY +3.8%) has chosen Adtran (ADTN +4.5%) for deployment of SDX OLT solutions in its new Access 4.0 network, along with existing architectures.
DT is pursuing an open, multivendor 10G-capable fiber access network that will quickly and cost-effectively deliver gigabit service, as a first edge-cloud use case.
“A key to our success will be Adtran’s domain experience, their history of working with DT on its large-scale access initiatives and their commitment to delivering an open, scalable and disaggregated solution,” DT’s Robert Soukup says.
