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Dell Predicts Lower Profit, Citing Increased AI Server Costs

Dell DELL.N has predicted a lower profit for the current quarter than the market anticipated, suggesting that increased construction costs for AIoptim

Dell DELL.N has predicted a lower profit for the current quarter than the market anticipated, suggesting that increased construction costs for AIoptimized servers will impact yearly margins. For the fiscal year 2025, the business projects an approximate 150 basis point drop in adjusted gross margin rates. Dell anticipates an adjusted profit per share for the current quarter of $1.65, compared to analysts average expectation of $1.84. The margin reduction is exacerbated by increasing input costs and a competitive pricing environment. During extended trading, Dells shares dropped more than 17% despite a spike in demand for items with AI capabilities and highspeed computers. The business increased its sales estimate for the fiscal year 2025 to between $93.5 billion and $97.5 billion after reporting a 6% increase in revenue to $22.24 billion in the first quarter. Read More..

B2B Tech News | 1 years ago        

Salesforce Forecasts BelowExpectation Revenue for Second Quarter

Due to poor customer spending on its cloud and large business offerings, Salesforce predicted secondquarter earnings and sales below Wall Street proje

Due to poor customer spending on its cloud and large business offerings, Salesforce predicted secondquarter earnings and sales below Wall Street projections. The business has projected sales of $9.20 billion to $9.25 billion, which is less than analysts projected revenue of $9.37 billion. This forecast shows that customers are cutting back on purchases due to worries about inflation and rising interest rates. Salesforces revenue growth is expected to fall down to single digits, which is the weakest pace in the companys history and signals a slowdown following years of fast rise. Salesforce struggles to spur growth despite its AI efforts, which has raised questions about other solutions, such as M&A. Although the companys firstquarter earnings were high, it reduced its operating margin projections for the fiscal year 2025. Read More..

B2B Tech News | 1 years ago        

Toyota Motor Reports Decline in Global Sales and Production for April

Several issues, including a severe pricing war in Chinas car industry and difficulties in Japan, contributed to Toyota Motors lower worldwide sales an

Several issues, including a severe pricing war in Chinas car industry and difficulties in Japan, contributed to Toyota Motors lower worldwide sales and output in April than last year. Despite growth in the US and Europe, global sales decreased by 0.5%, primarily due to severe downturns in China and Japan. Production halts, and a safety test controversy at its small vehicle division hurt Toyotas sales in Japan. The corporation announced a 4.0% decline in worldwide production, with lower output in several areas outpacing rising output in the US and India. In April, Toyotas sales comprised over 40% gasolineelectric hybrids and just 2% electric cars. Read More..

B2B Tech News | 1 years ago        

HP Inc Exceeds Revenue Expectations in Q2 as PC Market Rebounds

As consumers upgrade their systems, HP Inc.s secondquarter sales topped Wall Streets forecasts, indicating a recovery in the personal computer PC indu

As consumers upgrade their systems, HP Inc.s secondquarter sales topped Wall Streets forecasts, indicating a recovery in the personal computer PC industry. With schools updating their systems, HP is seeing a recovery in sales after a pandemiccaused sales burst and subsequent dip. According to Chief Executive Enrique Lores, about 10% of HPs PC sales in the second half of fiscal 2024 should come from "AI PCs," a market that will grow in importance by 2025. Revenue for the second quarter was above analysts average expectation of $12.6 billion, coming in at $12.8 billion. HPs personal systems division sales increased by 3%, but those of its printing segment decreased by 8%. The business increased its forecast for adjusted earnings in fiscal 2024 to $3.30 to $3.60 per share. Read More..

B2B Tech News | 1 years ago        

Visa and Mastercard Reach $197 Million Settlement in Cash Access Fee Lawsuit

A class action lawsuit accusing Visa and Mastercard of maintaining unreasonably high cash access fees has been settled for $197 million. The proposed

A class action lawsuit accusing Visa and Mastercard of maintaining unreasonably high cash access fees has been settled for $197 million. The proposed agreement, made public by the plaintiffs attorneys in a document, includes customers who have taken cash out of ATMs run by banks since 2007. Mastercard will pay $92.8 million, and Visa will pay $104.6 million towards the settlement, pending court approval. Both businesses have refuted any misconduct. The resolution comes after the plaintiffs were granted permission to move forward with class actions by the Supreme Court in April. There are ongoing legal processes involving charges of overcharging merchants in card transactions against Visa and Mastercard in a federal court in Brooklyn. Read More..

B2B Tech News | 1 years ago        

Palantir Lands $480 Million Pentagon Contract for Maven Smart System Prototype

Palantir has extended its partnership with the Pentagon by obtaining a $480 million contract from the US Department of Defence for its Maven Smart Sys

Palantir has extended its partnership with the Pentagon by obtaining a $480 million contract from the US Department of Defence for its Maven Smart System prototype. The Defence Department invited a single offer, and the contract was won it is anticipated to be finished by May 2029. Maven streamlines intelligence analysis by identifying military sites of interest using data from many sources. However, the tech sector and sceptics worried about the possibility of little human control in choosing a deadly attack have criticised AIassisted target identification. Palantir still needs to make a contractrelated comment available. Read More..

B2B Tech News | 1 years ago        

Paris Olympics Uber Launches "Uber Cruises" and "Uber Bubbles" Initiatives

Uber is expanding its efforts in Paris to meet the expected increase in demand for the next Olympics. These include the free "Uber Cruises" on the Sei

Uber is expanding its efforts in Paris to meet the expected increase in demand for the next Olympics. These include the free "Uber Cruises" on the Seine from July 12 to August 3 and the day tours known as "Uber Bubbles," which include champagne sampling. Uber will also invest primarily in rider discounts and driver incentives, though the precise sum is still unknown. Uber plans to hire a record 40,000 drivers to handle the demand on public transport as over 15 million visitors—a 30% increase—are anticipated this summer. The business will employ dynamic pricing and run promotions at strategic sites like airports and train stations. Furthermore, Ubers app is authorised for usage across Paris, with limited locations receiving special access. Read More..

B2B Tech News | 1 years ago        

Nexi, Stripe, and Adyen Bring Apple’s Tap to Pay to Italian Businesses

Businesses in Italy may now take payments using Apples Tap to Pay service, which uses iPhones nearfield communication NFC technology, thanks to the ad

Businesses in Italy may now take payments using Apples Tap to Pay service, which uses iPhones nearfield communication NFC technology, thanks to the addition of Nexi, Stripe, and Adyen. This service, previously exclusive to Android handsets via NexiSoftPOS, is now available on iOS, making it more straightforward for small businesses to accept payments without needing specialised gear. Adyen is introducing the service in collaboration with Milanese luxury brand Prada, broadening its focus beyond ecommerce. Stripe has also included the service, improving its business payment options. "With a device that many already own, Tap to Pay on iPhone enables Italian businesses to accept contactless payments," stated Ruhi Dang, product manager for Europe, the Middle East, and Africa at Stripe. Read More..

B2B Tech News | 1 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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