Shares: Baidu surprises with strong growth and exceeds revenue expectations

Chinese tech firm Baidu reported impressive revenue growth of 15% year-over-year for the second quarter of 2023, supported by the advertising industry. This growth marked the strongest quarterly growth in the last two years. Baidu shares, which trade on the U.S. stock market, rose more than 4% in premarket trading. Q2 results were slightly higher…

Zoom Video Communications reports strong second quarter 2023 results

Zoom Video Communications, Inc. (NASDAQ: ZM) announced its financial results for the second quarter of fiscal 2023, which ended July 31, 2023. Total revenue for the quarter was $1.14 billion, an increase of 3.6% year-over-year. Sales in the Enterprise segment even rose by an impressive 10.2% year-on-year. Operating margins reached 15.6% under GAAP (generally accepted…

Walmart with strong quarterly results – share rises again

Walmart Inc. (NYSE: WMT) has announced its second quarter results, presenting impressive increases in both sales and operating income. Sales grew by a remarkable 5.7%, while operating profit increased by an impressive 6.7%. The company emphasizes the strength of its omnichannel model, which is having a positive impact in all business areas. This performance is…

Palo Alto Networks shows impressive growth and promising prospects

Palo Alto Networks, the global leader in cybersecurity solutions, on Friday reported its financial results for the past quarter and full fiscal year, the last four quarters ending July 31, 2023. The company reported impressive fourth quarter revenue growth of 26% year-over-year, representing total revenue of $2 billion. This strong growth continued throughout the fiscal…