Zoom forecasts upbeat revenue, expects boost from hybrid work
Zoom Video Communications Inc (ZM.O) on Tuesday forecast current-quarter revenue above estimates, as increased adoption of hybrid work models by companies is expected to drive steady demand for its video conferencing tools.
EU reaches deal on tax transparency for multinational firms
European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27-nation bloc and how much in countries considered tax havens by the EU.
Daimler to pay Nokia patent fees, ending German legal spat
Daimler (DAIGn.DE) has agreed to pay Nokia (NOKIA.HE) for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.
Dell, HP say chip shortages will hit PC supplies this year
Dell Technologies Inc (DELL.N) and HP Inc (HPQ.N) reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
Costco beats revenue estimates as restrictions ease
Membership-only retail chain Costco Wholesale Corp (COST.O) reported quarterly revenue on Thursday that beat analysts’ estimates and said it was optimistic about sustained demand for high-margin items, such as jewelry and home furnishings.
Salesforce raises annual revenue, profit outlook
Salesforce.com Inc (CRM.N) raised its full-year forecast for revenue as well as profit, and reported quarterly revenue that beat analysts’ estimates, following increased demand for its cloud-based software due to a pandemic-led shift to remote work.
American Eagle sees sales rising on pent-up demand for apparel
American Eagle Outfitters Inc (AEO.N) said on Wednesday sales of its jeans and tops was accelerating, after the apparel retailer reported a first-quarter results beat on increased spending, driven by stimulus checks.
Sweden’s Evolution bets online casinos will outstrip physical venues
Swedish gambling technology company Evolution (EVOG.ST) is betting online casinos will increasingly replace physical venues and help to maintain its rapid recent expansion.
Michael Kors parent expects sales growth as luxury demand rebounds
Capri Holdings Ltd (CPRI.N) on Wednesday forecast annual revenue and profit above Wall Street expectations, betting on shoppers returning to stores in the United States following speedy vaccinations and pent-up demand for luxury goods in Europe.
Ford boosts EV spending, aims to have 40% of volume all-electric by 2030
Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to have investors value it more like a technology company.
