Automation Software Stocks Beat Q2 Revenue Estimates by 5.2%

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Automation software stocks reported a strong second quarter, with the five companies tracked beating analysts' consensus revenue estimates by 5.2% and guiding next quarter's revenue 3.8% above expectations. Microsoft led with revenues of $90.01 billion, up 17.7% year on year and exceeding estimates by 2.6%, while SoundHound AI delivered the biggest beat at 18.1% with revenues of $61.9 million, up 45% year on year. Pegasystems was the weakest performer, missing revenue estimates by 1.5% with $420.7 million in revenues, up 9.4% year on year. Appian and ServiceNow also beat estimates, with revenues of $203.3 million and $3.99 billion respectively. Share prices of the group have risen 14.8% on average since the latest earnings results.

Impact on stocks 5

Artificial Intelligence± Mixed · 5 stocks
Appian Corp
APPN
▲ PositiveCapitalrelevance

Appian beat revenue estimates, contributing to sector's strong earnings.

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