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Twilio reported better-than-expected first quarter earnings, but its second quarter revenue outlook was light.
The company reported a first quarter net loss of $55 million, or 31 cents a share, on revenue of $1.047 billion, up 4% from a year ago. Adjusted earnings were 80 cents a share, which were 21 cents a share ahead of Wall Street estimates.
Insight Blog
Apple launched new iPads, but its latest M4 processor stole the show. The M4, and a heavy dose of AI talk, represented the latest effort by Apple to show that it won't be a generative AI laggard.
Insight Blog
ServiceNow, which launched a bevy of generative AI tools across its Now Platform, is giving customers the ability to bring their own large language models (LLMs) to use in Now Assist.
With the move, announced at Knowledge 2024, ServiceNow customers will be able to use ServiceNow LLMs, their own models or general purpose LLMs.
Insight Blog
Google Cloud launched Threat Intelligence, Cisco and Splunk outlined integrations and new security offerings, Palo Alto Networks outlined its AI and cybersecurity future and CrowdStrike, Fastly and a bevy of others had announcements. Akamai acquired Noname Security.
While Chirag Mehta is at RSA looking at trends and developments and themes for CxOs, I'll round up the news nuggets to know. Here's a look.
Insight Blog
Palantir continued to gain enterprise customers in the first quarter as it delivered first quarter earnings in line with expectations. Commercial revenue was up 40% in the US from a year ago with global government revenue up 16%.
Insight Blog
Expect Software Giant Hunters To Soon Be The Hunted In A Digital Giant's Quest For Growth
Six of the Magnificent Seven (Microsoft, Apple, Nvidia, Alphabet [Google], Amazon, Meta [Facebook]) stocks have entered the four comma club -over $1 trillion in market cap. With a combined market cap of over $13.2 trillion, these six players continue to defy physics with continuous quarters of double digit organic growth. Digital giants by definition have deployed five key strategies:
Analyst Blog
Generative AI will drive IT budgets, but the spending is likely to be spread around a bevy of business units too. The more likely outcome is that generative AI spending for projects will be spread around business units and be absorbed in the budgets that run the entire enterprise.
That's the early take from technology CEOs and it's likely on target. Generative AI use cases are often department specific and intertwined with transformation efforts and process reinvention.
Insight Blog
Tableau Conference highlights Pulse and Einstein Copilot. Execs outline 'next wave' advances including cloud-scale data, agile semantics, actionable insights, and composable assets.
Analyst Blog
Apple's second quarter results were better-than-expected, but revenue fell 4% from a year ago. The company said it plans to buy back an additional $110 billion in shares.
The company reported second quarter earnings of $1.53 a share on revenue of $90.8 billion. Wall Street was looking for Apple to report second quarter earnings of $1.51 a share on revenue of $90.61 billion.
Insight Blog
Constellation Insights Editor-in-Chief Larry Dignan interviews Missy Stults, a 2024 Sustainability 50 winner, about the sustainability initiatives she's leading for Ann Arbor, Michigan.
Video
CrowdStrike and Amazon Web Services expanded a partnership where Amazon will standardize on CrowdStrike's Falcon platform and CrowdStrike will expand usage of Amazon Bedrock and SageMaker.
Insight Blog
MongoDB launched new Atlas features and integrations with Microsoft Azure, Google Cloud and Amazon Web Services as well as an expanded partner program. The effort, announced at MongoDB.local NYC, is designed to make it easier for developers to scale MongoDB applications across clouds and edge infrastructure.
The company's strategy revolves around flexibility and accessing data across multiple locations, said Scott Sanchez, Vice President of Marketing at MongoDB.
Insight Blog
This week on episode 79 of ConstellationTV, co-hosts Dion Hinchcliffe and Doug Henschen talk #enterprise tech news with Larry Dignan (#AI budgets, Microsoft Phi-3 Model, Snowflake's Arctic LLM)...
Dion then talks platform-based #communication strategies and Chirag Mehta previews the RSA #security conference he's attending.
Round out the episode with Doug's helpful framework for analytical #data platforms... and don't miss the bloopers!
Video
Atlassian launched Atlassian Rovo, a generative AI assistant built on Atlassian Intelligence, which will operate across the company's teamwork platform. In addition, Atlassian said it was combining Jira Software and Jira Work Management into one project management tool.
The company announced its product updates at Atlassian Team '24 in Las Vegas.
Rovo is designed to find, learn and act on information stored across an enterprise. Atlassian Rovo is designed to surface data, understand it and deliver insights and use specialized agents to handle tasks.
Insight Blog
Anthropic said it will launch a Team plan and iOS app for its Claude large language model for $30 a month with a minimum of five seats.
With the move, Claude will compete with OpenAI's ChatGPT plans. Microsoft and Google both have apps for Copilot and Gemini, respectively.
Anthropic's Team plan will give teams a workspace and tools for managing users and billing. The Claude iOS app features the Claude 3 model family, sync chat history and support photos.
Insight Blog
AMD reported better-than-expected first quarter earnings largely due to strong data center growth and the ramp of the company's MI300 AI accelerator.
The company reported first quarter earnings of $123 million, or 7 cents a share, on revenue of $5.5 billion. Non-GAAP first quarter earnings were 62 cents a share.
Wall Street was expecting AMD to report first quarter earnings of 61 cents a share on revenue of $5.45 billion.
Insight Blog
Amazon Web Services revenue growth accelerated in the first quarter as the cloud giant reported sales of $25 billion.
Amazon reported overall first quarter net income of $10.4 billion, or 98 cents a share, on revenue of $143.3 billion, up 13%. Wall Street was expecting Amazon to report earnings of 83 cents a share on revenue of $142.56 billion.
Insight Blog
Amazon Q is generally available across the Amazon Web Services ecosystem and the generative AI capabilities come with new pricing models.
Insight Blog
The state of reskilling in the generative AI era looks like it's going to be a bit lumpy if Coursera's first quarter results and outlook are any indication. Coursera CEO Jeff Maggioncalda said, "we remain in the early stages of understanding how generative AI will reshape the way we live, learn and work."
Insight Blog
Snapchat made a bet on using machine learning and AI to improve its advertising platform, increase content engagement and ultimately revenue growth. If it could optimize its infrastructure spending, Snapchat would be able to grow the bottom line.
The first quarter gave an indicator that Snapchat's bets are starting to pay off. What's unclear is whether the company can continue to optimize its cloud spending since the first quarter bottom line was helped along by credits from hyperscale cloud providers.
Insight Blog
Every enterprise technology stack needs neutral vendors that play well with others, integrates seamlessly and keeps customer value front and center while refraining from the dreaded cross-sell.
The problem is that these neutral vendors are acquired if they become too successful. Once these neutral vendors are acquired it's all about the cross-sell game under new ownership.
Insight Blog
UBI & Inclusive Culture
DisrupTV Episode 362 — with Conrad Shaw, Scott Santens & Sally Helgesen
In this episode of DisrupTV, hosts R “Ray” Wang and Vala Afshar welcome:
Video
SoundCommerce Co-Founder and CEO Eric Best said retail winners will increasingly be determined by how they leverage data and artificial intelligence to drive customer lifetime value.
Best, along with CTO Jared Stiff started the company to help brands deliver better shopper experiences with data. SoundCommerce, founded in 2018, has raised more than $33 million in funding. The company platform is designed to take retail data infrastructure and make it composable and no code so retailers can better model experiences on the fly.
Insight Blog
Intel's second quarter outlook was below expectations even though its first quarter was better-than-expected.
The chipmaker, which is trying to catch up in AI processors, said it expects second quarter revenue between $12.5 billion to $13.5 billion, well below the $13.61 billion Wall Street expected. Intel also projected non-GAAP earnings of 10 cents a share in the second quarter, well below estimates of 25 cents a share.
Insight Blog