The accelerating digital transformation, redux – TechCrunch

[ad_1] Earlier this week, covered a grip of earnings reports showing that some companies helping other businesses move to modern software solutions are seeing accelerated growth. Inside the Software as a Service (SaaS) world, this is known as the digital transformation. Based on how many software companies are talking about it, the pace of change…

With 170M users, Bilibili is the nearest thing China has to Youtube – TechCrunch

[ad_1] Bilibili, a Chinese video streaming website that was once regarded as a haven for youth subculture, has been steadily making its way into the mainstream as users age up and content diversifies. The NASDAQ-traded company recorded a 70% year-over-year growth to reach 172 million monthly active users by the first quarter, placing it in…

Uber pushes adjusted quarterly profit target to 2021 – TechCrunch

[ad_1] Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO…

SaaS stocks defy gravity amid pandemic, record job losses – TechCrunch

[ad_1] Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This week shares of SaaS and cloud companies reached new record highs as investors bid their equities higher following an earnings cycle that came in better than some expected. SaaS stocks, as measured by…

Unpacking why Wayfair’s stock popped 23.7% today – TechCrunch

[ad_1] In the midst of the day’s news chaos both political and business-oriented, you might have missed Wayfair’s big moment: In regular trading today, shares of the online home goods retailer shot 23% higher. It was an eye-catching gain during a period when the domestic economy is troubled, unemployment is rising and consumer spending is slowing.…

Samsung expects COVID-19 to hurt smartphone and TV sales, but increase demand for memory – TechCrunch

[ad_1] In its first-quarter earnings report today, Samsung said it expects the COVID-19 pandemic to continue impacting its business for the rest of the year, cutting into sales for smartphones and TVs, but increasing demand for PCs, servers and memory chips as people continue to work or study from home. Samsung’s results for the first-quarter…

Alphabet grew more than expected in Q1, but its ad business saw ‘significant slowdown’ in March – TechCrunch

[ad_1] Today after the bell, Alphabet, parent company of Google, reported its Q1 2020 performance. The company’s $41.16 billion in revenue for the three-month period came in ahead of expectations, besting analyst estimates of $40.33 billion. However, its earnings per share came in under expectations, with the street anticipating $10.38 in per-share profit, while Alphabet…

TSMC reports $3.9B Q1 revenue, but slashes outlook for the year – TechCrunch

[ad_1] Taiwan Semiconductor Manufacturing Company (TSMC) beat analyst estimates after reporting its web revenue virtually doubled in the quarter that led to March, and stated it was hopeful to maintain momentum in the present quarter but slashed its trade and foundry outlook for the year. The Taiwan-headquartered firm, which counts Apple amongst its purchasers, reported…

Markets dragged down by abysmal retail sales and factory output – TechCrunch

[ad_1] US main inventory indexes fell in Wednesday buying and selling as new information from the Commerce Department and Federal Reserve indicated a collapse in manufacturing output and retail sales. However, the declines didn’t completely erase yesterday’s gains in one other signal that US traders and companies could also be higher positioned to resist the…