Salesforce.com’s breakneck growth pace, which had been slowing, edged up last quarter, as the cloud software pioneer late Thursday posted fiscal Q2 earnings that beat analyst estimates. Shares rose after hours. Salesforce (CRM) reported earnings per share minus items of 19 cents, up 46% from the year-earlier quarter and 2 cents ahead of the forecast of analysts polled by Thomson Reuters. The company had guided to EPS of 18 cents for
QVC and Zulily (ZU) don’t have many customers in common, meaning the merger of the home-shopping channel and flash-sale site announced Monday could open the door to a much broader audience — one that includes coveted millennial women. There is but a 6% shopper overlap between the two companies, said Piper Jaffray analyst Neely Tamminga in a note, citing figures from management’s investor call on the merger. The acquisition “leaves solid room for
Rising competition and shifting business models amid a slowing China economy resulted in weaker-than-expected earnings from Internet giants Alibaba Group and Tencent Holdings. For its fiscal Q1 ended June 30, Alibaba (BABA), China’s No. 1 provider of e-commerce platforms, early Wednesday said revenue rose 28% in local currency to $3.27 billion, or 20.24 billion yuan, missing views of $3.39 billion. It was Alibaba’s slowest growth