Design Software Stocks Post Strong Q2 Earnings

Earnings

โดย Yahoo Finance·

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Summary · why it matters

Design software stocks delivered a strong second quarter, with the six companies tracked beating revenue consensus estimates by 1.4% and issuing next-quarter guidance 2.9% above expectations. Procore Technologies reported revenues of $375.2 million, up 15.8% year on year, exceeding analysts' expectations by 2.6%, while Unity posted revenues of $546.5 million, up 23.9% year on year, outperforming expectations by 6.1%. PTC reported revenues of $600 million, down 6.8% year on year, falling short of expectations by 1.3%, and Adobe reported revenues of $6.62 billion, up 12.7% year on year, surpassing expectations by 2.6%. Cadence Design Systems reported revenues of $1.58 billion, up 24.2% year on year, beating expectations by 0.5%. Share prices of the group have risen 17.9% on average since the latest earnings results.

Adobe Systems Incorporated ▲

Cadence Design Systems Inc ▲

Procore Technologies Inc ▲

Unity Software Inc ▲

Impact on stocks 5

Cloud & Digital Infrastructure± Mixed · 2 stocks

Procore Technologies Inc

▲ PositiveCapitalrelevance

Procore reported Q2 revenues of $375.2M, up 15.8% YoY, beating expectations by 2.6%.

▼ NegativeCapitalrelevance

PTC reported Q2 revenues of $600M, down 6.8% YoY, missing expectations by 1.3%.

Artificial Intelligence▲ · 1 stocks

Adobe Systems Incorporated

▲ PositiveCapitalrelevance

Adobe reported Q2 revenues of $6.62B, up 12.7% YoY, beating expectations by 2.6%.

Semiconductors▲ · 1 stocks

Cadence Design Systems Inc

▲ PositiveCapitalrelevance

Cadence reported Q2 revenues of $1.58B, up 24.2% YoY, beating expectations by 0.5%.

Spatial Computing / AR/VR▲ · 1 stocks

Unity Software Inc

▲ PositiveCapitalrelevance

Unity reported Q2 revenues of $546.5M, up 23.9% YoY, beating expectations by 6.1%.