Rapid 7

Posted on | by Leon Hinde | Leave a Comment on Rapid 7

RPD:NAS announces First Quarter 2023 Financial Results

  • Annualized recurring revenue (“ARR”) of $728 million, an increase of 16% year-over-year
  • Total revenue of $183 million, up 16% year-over-year; Products revenue of $174 million, up 17% year-over-year
  • GAAP operating loss of $24 million; Non-GAAP operating income of $11 million
  • Surpassed 11,000 customers globally while growing total ARR per customer by 9% year-over-year

Paypal

Posted on | by Leon Hinde

PYPL:NAS has been consolidating between $71 & $76 for the past 8 weeks. The stock offers value and may break to the upside of the channel.

Q1 payment growth of 10% to US$354.5bn, Q1 adjusted EPS of $1.17 vs. $1.10 expected, expects Q2 revenue growth of about 6.5% to 7.0%, raised full-year guidance. PayPal had an excellent start to  2023, delivered a stronger-than-expected performance in the first quarter, and increased full-year EPS guidance.

    Skyworks

    Posted on | by Leon Hinde | Leave a Comment on Skyworks
    Skyworks has recently shifted to Algo Engine buy conditions. Second quarter 2023 earnings will be released on 8 May.

    Skyworks Q1 FY23 Results

    • Delivers Revenue of $1.329 Billion
    • Posts GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59
    • Generates Record Quarterly Operating Cash Flow of $773.4 Million
    • Returns $265.6 Million to Stockholders Through Dividends and Share Repurchases

    Micron

    Posted on | by Leon Hinde

    MU is under Algo Engine buy conditions and is a new holding in our US Technology Disruptors portfolio.

    Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2022

    Record revenue year in mobile, auto, industrial, and networking markets

    BOISE, Idaho, Sept. 29, 2022 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2022, which ended September 1, 2022.

    Fiscal Q4 2022 highlights

    • Revenue of $6.64 billion versus $8.64 billion for the prior quarter and $8.27 billion for the same period last year
    • GAAP net income of $1.49 billion, or $1.35 per diluted share
    • Non-GAAP net income of $1.62 billion, or $1.45 per diluted share
    • Operating cash flow of $3.78 billion versus $3.84 billion for the prior quarter and $3.88 billion for the same period last year

    Fiscal 2022 highlights

    • Revenue of $30.76 billion versus $27.71 billion for the prior year
    • GAAP net income of $8.69 billion, or $7.75 per diluted share
    • Non-GAAP net income of $9.48 billion, or $8.35 per diluted share
    • Operating cash flow of $15.18 billion versus $12.47 billion for the prior year

    “In fiscal 2022, Micron generated record revenue of $30.8 billion and delivered our sixth consecutive year of positive free cash flow, allowing us to return a record $2.9 billion to our shareholders,” said Micron Technology President and CEO Sanjay Mehrotra. “Our technology and manufacturing leadership in both DRAM and NAND, deep customer relationships, diverse product portfolio, and strong balance sheet put Micron on solid footing to navigate the weakened near-term supply-demand environment. We are taking decisive steps to reduce our supply growth including a nearly 50% wafer fab equipment capex cut versus last year, and we expect to emerge from this downcycle well positioned to capitalize on the long-term demand for memory and storage.”