Latest news with #PatWalravens
Yahoo
a day ago
- Business
- Yahoo
Trending tickers: Oracle, Oklo, Quantum Computing, Tesco and Halma
Shares in Oracle (ORCL) surged 7.5% in pre-market trading on Thursday, after the cloud infrastructure firm posted an earnings beat. Oracle reported fourth quarter revenue of $15.9bn (£11.7bn), which was ahead of expectations of $15.59bn, while adjusted earnings per share of $1.70 also bested estimates of $1.64. The company's cloud segment sales fell short of estimates, but Oracle highlighted 2026 revenue expectations for "dramatically higher" growth. Read more: UK economy shrinks by 0.3% in April Citizens head of technology equity research Pat Walravens told Yahoo Finance that Oracle's cloud outlook growth is "absolutely remarkable". Walraven pointed out that while Oracle had missed estimates on the top and bottom line last quarter, they reported their strongest ever quarter for bookings. "And so what you're seeing happen now is all of that business that they've been booking is finally starting to turn into revenue," he said. Shares in nuclear reactor developer Oklo (OKLO) jumped nearly 30% in Wednesday's session, hitting an all-time high. Oklo announced on Wednesday that it been selected on behalf of US Air Force to provide power to Eielson Air Force Base in Alaska by the end of the decade. Read more: FTSE 100 LIVE: Stocks slump as UK GDP contracts in blow to Rachel Reeves The company said that under the terms of the agreement it would would design, construct, own, and operate the power plant, delivering both electricity and heat to the Eielson Air Force Base, under a long-term power purchase agreement. Jacob DeWitte, CEO of Oklo, said that the deal reflected "continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure." Shares in quantum computing companies surged on Wednesday, after Nvidia CEO Jensen Huang made bullish comments about the technology at the chipmaker's GTC Paris developer conference. Quantum Computing jumped more than 25% on Wednesday and was up a further 6% in pre-market trading on Thursday. Rigetti Computing (RGTI) rose more than 11% on Wednesday but hovered just below the flatline in pre-market trading on Thursday. Read more: Stocks that are trending today The surge in these stocks came after Huang told attendees at the conference on Wednesday that "we are within reach" of using quantum computers for "areas that can solve some interesting problems in the coming years." "Quantum computing is reaching an inflection point," he said. On the UK market, shares in Tesco (TSCO.L) rose nearly 3%, on the back of the supermarket's first quarter results. Tesco posted a 4.7% increase in like-for-like sales at £15.4bn ($20.9bn) in the first quarter and said it had continued to see market share gains. Richard Hunter, head of markets at Interactive Investor, said: "The Tesco juggernaut powers on, maintaining the light between the group and its nearest rivals. Read more: Oil prices ease but hover near two-month highs as Middle East tensions escalate "The prospect that supermarkets may be about to embark on a trade war of their own is not one which Tesco is taking lightly, and is mindful of a renewed attack from Asda let alone the notoriously competitive pricing which the sector attracts." He pointed out that Tesco is maintained "conservative guidance — a source of some disappointment when announced at the full-year results — of adjusted operating profit in a range of between £2.7bn and £3bn, slightly shy of the previous £3.13bn. The biggest riser on the UK's FTSE 100 (^FTSE) on Thursday was health and safety equipment maker Halma (HLMA.L), with shares rising 4.5%. This came after the company beat profit expectations in its annual results, released on Thursday, and forecast higher revenue growth in the year ahead. Halma reported adjusted pre-tax profit of £459.4m for the fiscal year ended 31 March, which was up 16% on the previous year and beat expectations of £447.9m, according to consensus estimates provided by the company. Stocks: Create your watchlist and portfolio The company said it expected to deliver upper single digit percentage revenue growth in the 2026 financial year. Russ Mould, investment director at AJ Bell (AJB.L), said: "Health, safety and environmental solutions group Halma confirmed its status as one of the unsung heroes of the London market with its latest set of impressive results as revenue reached record levels. The company is not resting on its laurels with strong cash flow being reinvested into the business to support future growth." Read more: The UK's rental boom is over What you need to know about UK's private stock market Pisces Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and InditexError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Trending tickers: Oracle, Oklo, Quantum Computing, Tesco and Halma
Shares in Oracle (ORCL) surged 7.5% in pre-market trading on Thursday, after the cloud infrastructure firm posted an earnings beat. Oracle reported fourth quarter revenue of $15.9bn (£11.7bn), which was ahead of expectations of $15.59bn, while adjusted earnings per share of $1.70 also bested estimates of $1.64. The company's cloud segment sales fell short of estimates, but Oracle highlighted 2026 revenue expectations for "dramatically higher" growth. Read more: UK economy shrinks by 0.3% in April Citizens head of technology equity research Pat Walravens told Yahoo Finance that Oracle's cloud outlook growth is "absolutely remarkable". Walraven pointed out that while Oracle had missed estimates on the top and bottom line last quarter, they reported their strongest ever quarter for bookings. "And so what you're seeing happen now is all of that business that they've been booking is finally starting to turn into revenue," he said. Shares in nuclear reactor developer Oklo (OKLO) jumped nearly 30% in Wednesday's session, hitting an all-time high. Oklo announced on Wednesday that it been selected on behalf of US Air Force to provide power to Eielson Air Force Base in Alaska by the end of the decade. Read more: FTSE 100 LIVE: Stocks slump as UK GDP contracts in blow to Rachel Reeves The company said that under the terms of the agreement it would would design, construct, own, and operate the power plant, delivering both electricity and heat to the Eielson Air Force Base, under a long-term power purchase agreement. Jacob DeWitte, CEO of Oklo, said that the deal reflected "continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure." Shares in quantum computing companies surged on Wednesday, after Nvidia CEO Jensen Huang made bullish comments about the technology at the chipmaker's GTC Paris developer conference. Quantum Computing jumped more than 25% on Wednesday and was up a further 6% in pre-market trading on Thursday. Rigetti Computing (RGTI) rose more than 11% on Wednesday but hovered just below the flatline in pre-market trading on Thursday. Read more: Stocks that are trending today The surge in these stocks came after Huang told attendees at the conference on Wednesday that "we are within reach" of using quantum computers for "areas that can solve some interesting problems in the coming years." "Quantum computing is reaching an inflection point," he said. On the UK market, shares in Tesco (TSCO.L) rose nearly 3%, on the back of the supermarket's first quarter results. Tesco posted a 4.7% increase in like-for-like sales at £15.4bn ($20.9bn) in the first quarter and said it had continued to see market share gains. Richard Hunter, head of markets at Interactive Investor, said: "The Tesco juggernaut powers on, maintaining the light between the group and its nearest rivals. Read more: Oil prices ease but hover near two-month highs as Middle East tensions escalate "The prospect that supermarkets may be about to embark on a trade war of their own is not one which Tesco is taking lightly, and is mindful of a renewed attack from Asda let alone the notoriously competitive pricing which the sector attracts." He pointed out that Tesco is maintained "conservative guidance — a source of some disappointment when announced at the full-year results — of adjusted operating profit in a range of between £2.7bn and £3bn, slightly shy of the previous £3.13bn. The biggest riser on the UK's FTSE 100 (^FTSE) on Thursday was health and safety equipment maker Halma (HLMA.L), with shares rising 4.5%. This came after the company beat profit expectations in its annual results, released on Thursday, and forecast higher revenue growth in the year ahead. Halma reported adjusted pre-tax profit of £459.4m for the fiscal year ended 31 March, which was up 16% on the previous year and beat expectations of £447.9m, according to consensus estimates provided by the company. Stocks: Create your watchlist and portfolio The company said it expected to deliver upper single digit percentage revenue growth in the 2026 financial year. Russ Mould, investment director at AJ Bell (AJB.L), said: "Health, safety and environmental solutions group Halma confirmed its status as one of the unsung heroes of the London market with its latest set of impressive results as revenue reached record levels. The company is not resting on its laurels with strong cash flow being reinvested into the business to support future growth." Read more: The UK's rental boom is over What you need to know about UK's private stock market Pisces Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and InditexError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Trending tickers: Oracle, Oklo, Quantum Computing, Tesco and Halma
Shares in Oracle (ORCL) surged 7.5% in pre-market trading on Thursday, after the cloud infrastructure firm posted an earnings beat. Oracle reported fourth quarter revenue of $15.9bn (£11.7bn), which was ahead of expectations of $15.59bn, while adjusted earnings per share of $1.70 also bested estimates of $1.64. The company's cloud segment sales fell short of estimates, but Oracle highlighted 2026 revenue expectations for "dramatically higher" growth. Read more: UK economy shrinks by 0.3% in April Citizens head of technology equity research Pat Walravens told Yahoo Finance that Oracle's cloud outlook growth is "absolutely remarkable". Walraven pointed out that while Oracle had missed estimates on the top and bottom line last quarter, they reported their strongest ever quarter for bookings. "And so what you're seeing happen now is all of that business that they've been booking is finally starting to turn into revenue," he said. Shares in nuclear reactor developer Oklo (OKLO) jumped nearly 30% in Wednesday's session, hitting an all-time high. Oklo announced on Wednesday that it been selected on behalf of US Air Force to provide power to Eielson Air Force Base in Alaska by the end of the decade. Read more: FTSE 100 LIVE: Stocks slump as UK GDP contracts in blow to Rachel Reeves The company said that under the terms of the agreement it would would design, construct, own, and operate the power plant, delivering both electricity and heat to the Eielson Air Force Base, under a long-term power purchase agreement. Jacob DeWitte, CEO of Oklo, said that the deal reflected "continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure." Shares in quantum computing companies surged on Wednesday, after Nvidia CEO Jensen Huang made bullish comments about the technology at the chipmaker's GTC Paris developer conference. Quantum Computing jumped more than 25% on Wednesday and was up a further 6% in pre-market trading on Thursday. Rigetti Computing (RGTI) rose more than 11% on Wednesday but hovered just below the flatline in pre-market trading on Thursday. Read more: Stocks that are trending today The surge in these stocks came after Huang told attendees at the conference on Wednesday that "we are within reach" of using quantum computers for "areas that can solve some interesting problems in the coming years." "Quantum computing is reaching an inflection point," he said. On the UK market, shares in Tesco (TSCO.L) rose nearly 3%, on the back of the supermarket's first quarter results. Tesco posted a 4.7% increase in like-for-like sales at £15.4bn ($20.9bn) in the first quarter and said it had continued to see market share gains. Richard Hunter, head of markets at Interactive Investor, said: "The Tesco juggernaut powers on, maintaining the light between the group and its nearest rivals. Read more: Oil prices ease but hover near two-month highs as Middle East tensions escalate "The prospect that supermarkets may be about to embark on a trade war of their own is not one which Tesco is taking lightly, and is mindful of a renewed attack from Asda let alone the notoriously competitive pricing which the sector attracts." He pointed out that Tesco is maintained "conservative guidance — a source of some disappointment when announced at the full-year results — of adjusted operating profit in a range of between £2.7bn and £3bn, slightly shy of the previous £3.13bn. The biggest riser on the UK's FTSE 100 (^FTSE) on Thursday was health and safety equipment maker Halma (HLMA.L), with shares rising 4.5%. This came after the company beat profit expectations in its annual results, released on Thursday, and forecast higher revenue growth in the year ahead. Halma reported adjusted pre-tax profit of £459.4m for the fiscal year ended 31 March, which was up 16% on the previous year and beat expectations of £447.9m, according to consensus estimates provided by the company. Stocks: Create your watchlist and portfolio The company said it expected to deliver upper single digit percentage revenue growth in the 2026 financial year. Russ Mould, investment director at AJ Bell (AJB.L), said: "Health, safety and environmental solutions group Halma confirmed its status as one of the unsung heroes of the London market with its latest set of impressive results as revenue reached record levels. The company is not resting on its laurels with strong cash flow being reinvested into the business to support future growth." Read more: The UK's rental boom is over What you need to know about UK's private stock market Pisces Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and InditexError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Oracle's cloud growth outlook is 'absolutely remarkable': Analyst
In Oracle's (ORCL) fiscal fourth quarter results, the cloud infrastructure company posted revenue of $15.90 billion (vs. estimates of $15.59 billion) and adjusted earnings per share of $1.70 (vs. estimates of $1.64 per share), both figures topping Wall Street consensus estimates. Oracle shares are getting a lift in Wednesday's extended hours on its earnings beat and strong guidance for fiscal full-year 2026. Citizens Head of Technology Equity Research Pat Walravens comes on Market Domination Overtime to talk more about Oracle's growth rate expectations on its cloud business, its advantage against other hyperscalers, and the company's partnership with Nvidia (NVDA) that enables it to just focus on building out its infrastructure. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Yahoo
24-05-2025
- Business
- Yahoo
Salesforce earnings: Why the company is in a 'tricky transition'
Tech giant Salesforce (CRM) reports its fiscal 2026 first quarter results after the market close on Wednesday, May 28. Citizens head of technology equity research Pat Walravens says the company is "heading in the right direction," but going through a "tricky transition." Hear more from him in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Pat, I I do want to turn to Salesforce because we're going to hear from them next week. Um and I'm curious how you see them sort of stacking up in in this environment that you've been talking about. Yeah. So big picture first of all. Snowflake just grew right in the high 20s. Salesforce is kind of moving along at like 9% growth. So, um that is, you know, way below what what historically we've thought of this uh business is doing. And they have a really tricky transition in front of them right now, which is they are trying to shift from selling seats of, you know, um Salesforce automation software or call center software to selling uh a product they call Agent force, which is exactly what it sounds like. It's selling AI agents and those are priced on um on consumption and in fact, Salesforce just changed the pricing last week. So there's there's there's uh Salesforce is heading in the right direction. They're trying to work through a big transition and we'll see how that all plays out when they report. And Pat, I mean, it's just interesting. You look at Salesforce, look at Benioff's company, the stock. I mean, we're down about 20% this year. We're basically flat over the past 12 months. Are there catalysts that we could look look to Pat that that may get this stock working again? Yeah. And so the the the big catalyst will be uh the customers who buy Agent force actually starting to deploy it at scale. So far, they've gotten like 5,000 customers to start using it. The issue is that um uh you know, as Julie was talking about just a minute ago, it's it's tricky to get these things to work in a way that make your customers happy. So so companies are rolling them out slowly and making sure that they really get the results they want. And since they're consumption based, if you roll it out slowly, that means the revenue that comes from it is slow. And so I think that's been I think that's been slower than than uh Mark Benioff had hoped. But look, he's been running this business now for 25 years. Um he has a real gift for finding, you know, the next place to move the company to and where the demand is and what I hear is that he's very engaged right now. So um I think I think I think they're headed in the right direction. I think they'll make it work. Um it is a little tricky at the moment. So a little choppy at the moment. Sign in to access your portfolio
