Today, security company Palo Alto Networks reported its first earnings after becoming a public company in July. Revenue for the fourth quarter grew 88 percent year-over-year to $75.6 million, compared with $40.2 million in the fiscal fourth quarter of 2011.
Veteran streaming radio platform Pandora released its fourth quarter earnings today, in which it saw its fiscal 2013 revenue of $427.1 million, representing a 56 percent year-over-year increase, and fourth quarter revenue of $125.1 million, an increase of 54 percent year-over-year. In turn, mobile revenue for the fourth quarter grew 111 percent year-over-year to $80.3 million.
Red Hat has by all measures hit the big time, providing validation of the open source business model that even the harshest critics will have a hard time brushing aside. In its fourth quarter, Red Hat's revenue reached $245 million, up 25 percent from last year. The Linux distribution vendor's fourth quarter subscription revenue was $209 million, up 24 percent from the previous year.
Salesforce.com has announced its fourth-quarter earnings with revenues of $835 million, up 32%, compared to last year. Non-GAAP earnings per share were 51 cents. Financial analysts had expected revenues ranging from $825 million to $830 million.
HTC released third quarter financial results today, and the trajectory is not good. For the fourth consecutive quarter, profits were down, this time by a whopping 79% compared to the previous quarter. Net income for the third quarter was down to $133 million compared to $247 million for the second quarter.
Western Digital® Corp. today reported revenue of $3.8 billion and net income of $495 million, or $2.05 per share for its first fiscal quarter ended Sept. 27, 2013. On a non-GAAP basis, net income was $514 million or $2.12 per share. In the year-ago quarter, the company reported revenue of $4.0 billion, net income of $519 million, or $2.06 per share.
After last quarter’s accidental midday earnings leak, which sent its stock price down and halted trading, Google released its Q4 2012 earnings today right on schedule. But that’s not to say there wasn’t any confusion this time around. For Q4 2012, the company reported revenues of $14.42 billion for the quarter ending Dec.
Red Hat, a software distributor behind the Linux operating system, said Wednesday its fiscal second-quarter profit grew as companies opted for its products amid the economic downturn. For the quarter ended Aug.