IT Services & Other Tech Stocks Beat Q1 Revenue Estimates by 6.8%

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

The 20 IT services and other tech stocks tracked in this roundup reported a strong first quarter, with aggregate revenues beating analysts' consensus estimates by 6.8% and next-quarter revenue guidance coming in 5.6% above expectations. Cisco posted revenue of $15.84 billion, up 12% year-on-year and exceeding estimates by 1.9%, while Applied Digital delivered the biggest beat among peers with revenue of $126.6 million, up 139% year-on-year and surpassing expectations by 67.3%. IonQ recorded the fastest revenue growth, with revenue of $64.67 million, up 755% year-on-year and beating estimates by 30%. NetApp reported revenue of $1.95 billion, up 12.5% year-on-year and beating estimates by 4.1%. Everforth was the weakest performer, with flat revenue of $968.3 million and next-quarter guidance that missed expectations, sending its stock down 57.8% since the results.

Impact on stocks 5

Artificial Intelligence▲ · 1 stocks
Cybersecurity & Digital Trust▲ · 1 stocks
Cisco Systems Inc
CSCO
▲ PositiveCapitalrelevance

Cisco beat Q1 revenue estimates by 1.9% with 12% YoY growth.

Information Technology▼ · 1 stocks
Everforth, Inc.
EFOR
▼ NegativeCapitalrelevance

Everforth had flat revenue and missed next-quarter guidance, stock down 57.8%.

Quantum Computing▲ · 1 stocks
IONQ Inc
IONQ
▲ PositiveCapitalrelevance

IonQ beat Q1 revenue estimates by 30% with 755% YoY growth.

Cloud & Digital Infrastructure▲ · 1 stocks
NetApp Inc
NTAP
▲ PositiveCapitalrelevance

NetApp beat Q1 revenue estimates by 4.1% with 12.5% YoY growth.

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