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Software Sales

All articles tagged with #software sales

Nintendo's Switch 2 Demand Surpasses Expectations Amid Hardware Boom

Originally Published 2 months ago — by Bloomberg.com

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Source: Bloomberg.com

Nintendo's software sales are struggling to keep pace with the rapid growth in hardware sales, particularly with the launch of the Nintendo Switch 2, amidst a broader tech industry context where competitors like Sony are experiencing strong results and optimistic forecasts.

IBM Stock Declines Amid Mixed Q2 Results and Software Sales Concerns

Originally Published 5 months ago — by TipRanks

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Source: TipRanks

IBM's stock fell over 8% despite beating earnings expectations due to weaker-than-expected software sales, particularly in transaction processing, as customers shift spending towards AI-enhanced mainframes. The company's infrastructure and consulting divisions showed positive signs, and its AI business continues to grow, but cautious outlooks remain. Wall Street maintains a moderate buy rating with an average price target suggesting nearly 12% upside.

IBM Shares Dip Amid Software Sales Concerns Despite Strong Q2 Results

Originally Published 5 months ago — by Yahoo Finance

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Source: Yahoo Finance

IBM's stock declined after its Q2 earnings report showed slightly weaker-than-expected software revenue growth, though overall revenue and earnings surpassed estimates. Despite the dip, shares are up 15% for the year, with analysts remaining bullish due to IBM's positioning in AI and hybrid applications, though some have lowered their price targets amid the growth slowdown.

"December 2023's Top Ten Best-Selling Nintendo Switch Games Revealed"

Originally Published 1 year ago — by Nintendo Life

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Source: Nintendo Life

Nintendo's updated top ten best-selling Switch games list shows Mario Kart 8 Deluxe surpassing 60 million units and The Legend of Zelda: Tears of the Kingdom exceeding 20 million units, with the Switch itself selling over 139 million units. Super Mario Bros. Wonder has sold 11.96 million units but hasn't made the top ten yet, while Nintendo also reaffirms release windows for upcoming first-party games.

Snowflake's Strong Sales Growth and AI-Driven Demand Propel Revenue Above Estimates

Originally Published 2 years ago — by Yahoo Finance

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Source: Yahoo Finance

Snowflake Inc., a software maker, has provided a product sales outlook for the current quarter that surpasses expectations, indicating a potential stabilization of revenue after a significant growth slowdown. The company expects product revenue to increase by approximately 30% to as much as $721 million, beating analysts' average estimate of $702.2 million. Snowflake's revenue expansion has decelerated due to companies scrutinizing their software spending, but the CEO attributes the positive outlook to a "broadly stabilizing macro environment" and increased demand for the company's software driven by artificial intelligence workflows. The company's stock rose about 7% in after-hours trading.

Broadcom Successfully Completes $69 Billion VMware Takeover

Originally Published 2 years ago — by Investor's Business Daily

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Source: Investor's Business Daily

Wall Street analysts predict that Broadcom's completion of its acquisition of VMware will lead to a rise in AVGO stock. The acquisition is expected to increase Broadcom's software sales and reduce its exposure to the cyclical semiconductor market. Analysts have raised their price targets for AVGO stock and anticipate immediate positive impacts on Broadcom's gross profit margin and earnings per share. The next potential catalyst for AVGO stock could be Broadcom's fiscal fourth-quarter earnings report on December 7.

IBM's Q3 2023 Earnings Exceed Expectations with Strong Software Sales

Originally Published 2 years ago — by CNBC

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Source: CNBC

IBM reported third-quarter results that beat Wall Street estimates, with earnings per share of $2.20 and revenue of $14.75 billion. The company's overall revenue grew 4.6% YoY, driven by an 8% increase in software sales. However, the consulting division's revenue fell short of expectations due to cost reduction pressures and a stronger US dollar. IBM's management reiterated guidance for the full year, including revenue growth between 3% and 5% and $10.5 billion in free cash flow. The company also announced the release of new AI models and acquisitions in the AI and cloud cost management sectors.

Nintendo Switch's Best-Selling Games and Upcoming Releases.

Originally Published 2 years ago — by Game Informer

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Source: Game Informer

Nintendo has released its latest financial results, revealing that the Switch has sold over 125 million units, but both hardware and software sales are down. The company also shared its top 10 best-selling Switch games, with Mario Kart 8 Deluxe, Animal Crossing: New Horizons, and Super Smash Bros. Ultimate taking the top three spots. Despite the overall decline in sales, new 2022 releases like Nintendo Switch Sports and Kirby and the Forgotten Land are selling well.

Nintendo warns of significant slowdown in Switch sales and no new hardware for 2021.

Originally Published 2 years ago — by Video Games Chronicle

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Source: Video Games Chronicle

Nintendo reports a decline in Switch console sales and warns that no new hardware will be released before April 2024. The company sold 17.97 million consoles during the fiscal year, missing its sales target of 21 million. Nintendo forecasts a further 16.5% decline in console sales during the current fiscal year. Despite the decline in hardware sales, Switch software sales remain strong, with new entry Pokémon Scarlet and Violet shipping 22.1 million copies. Nintendo's net sales were down 5.5% at 1,695 billion yen ($12.56 billion), and net profit was down 9.4% at 432.7 billion yen ($3.2 billion).