#earnings

The reserves replacement discussion on the earnings investor presentation makes no sense at all. It shows 10 year increases but says RRR was 95%.

Anyhow, last year we really only added reserves from Hess. Otherwise, we are a shrinking business.

https://www.wsj.com/business/earnings/ibm-sales-rise-12-as-customers-appetite-for-ai-grows-ff8f8442

The tech company posted a fourth-quarter profit of $5.60 billion, up from $2.92 billion a year earlier

By: Katherine Hamilton
Jan. 28, 2026 4:33 pm ET

International Business Machines recorded higher revenue in the fiscal fourth quarter, as customers move to implement AI in more areas of their businesses.

IBM’s generative AI book of business now stands at more than $12.5 billion, up $3 billion from the third quarter. Chief Financial Officer Jim Kavanaugh said he anticipates that the AI book of business will continue to increase at a similar pace, with growth continuing through the next handful of years.

“What you’re seeing is the early indications of moving from what I’ll call industry experimentation to we are now beginning to the cycle of scaling,” Kavanaugh said.

The Armonk, N.Y., tech company on Wednesday posted a profit of $5.60 billion, or $5.88 a share, in the quarter ended Dec. 31, compared with $2.92 billion, or $3.09 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $4.52, ahead of the $4.31 anticipated by analysts, according to FactSet.

Revenue rose 12% to $19.69 billion. Analysts surveyed by FactSet forecast revenue of $19.21 billion. Sales were driven by software and infrastructure, which rose 14% and 21%, respectively.

Within IBM’s software business, data sales rose 22%, while automation was up 18% and hybrid cloud increased 10%. In infrastructure, IBM Z fueled most of the growth, with sales climbing 67%.

Consulting revenues were $5.3 billion, which was a hair below analysts’ expectations. Kavanaugh said businesses are feeling more confident about spending—which typically leads to stronger consulting results—as macroeconomic uncertainty has subsided compared with this time last year.

“While we’re still operating in a dynamic environment, we see pretty good green shoots about growth factors,” Kavanaugh said.

In 2026, IBM expects full-year revenue growth of more than 5%. That would be a slow-down from 2025, but higher than the previous two years. Wall Street was projecting 4.6% in annual sales growth.

IBM in December agreed to pay $31 a share for the data-infrastructure Confluent, which provides technology that helps manage streams of data using AI models. The bo-m in AI usage across industries has boosted the need for its capabilities.

The synergies with Confluent are expected to increase IBM’s total addressable market by more than $100 billion, adding real-time data streaming to the business for the first time, Kavanaugh said.

“It is the glue that brings together IBM’s portfolio,” Kavanaugh said of Confluent.

Any news on CIP now that earnings are out?

Dan the man steering in the right direction. Those stock options will be worth some serious bank shortly!!!

SAP Stock Drops 15% After Earnings. Europe’s Tech Darling Can’t Play With the Big Boys.

SAP stock tumbled Thursday after the German software company reported better-than-expected earnings but disappointed investors with weaker-than-anticipated cloud revenue growth.

https://www.barrons.com/articles/sap-earnings-stock-price-6e124de8

SAP’s American depositary receipts fell about 15% in early trading to roughly $200, putting the stock on track for its steepest one-day decline in more than five years. The S&P 500 was roughly flat.

The company reported fourth-quarter non-IFRS earnings of 1.62 euros per share on revenue of €9.68 billion, up 3% from a year earlier. Analysts had expected earnings of 1.51 euros per share on revenue of €9.75 billion, according to FactSet.

The primary concern for investors was SAP’s cloud business, which has benefited in recent years from demand tied to artificial intelligence. Cloud revenue rose 19% year over year to €5.61 billion, but came in slightly below Wall Street expectations of €5.64 billion.

For the current fiscal year, SAP forecast cloud revenue of between €25.8 billion and €26.2 billion. The midpoint of that range is slightly above analysts’ consensus estimate of €25.98 billion.

The company said several large customers, including Lockheed Martin and Rolls-Royce Holdings, signed deals during the quarter. Still, SAP acknowledged some hesitation among customers amid geopolitical uncertainty. Chief Financial Officer Dominik Asam said the company saw deal slippage in the quarter due to rising geopolitical tensions.

SAP’s results followed a weak reaction a day earlier to Microsoft’s cloud earnings, which also raised concerns about slowing growth in the sector.

The company’s board authorized a new share buyback program of up to €10 billion, set to run from February 2026 through the end of 2027.

SAP is one of Europe’s largest technology companies, with a market value of about $267 billion. That is significantly smaller than Microsoft, but comparable to large U.S. software peers such as Oracle and Salesforce.

Through Wednesday’s close, SAP shares were down 9.1% for the year. Over the same period, Salesforce shares had fallen 9.4%, Microsoft was down 11%, and Oracle had dropped 37%.

slashing costs like crazy (20% of USELESS CORPORATE BR workforce), going lean and "scrappier," obsessing over customer-first moves, and finally turning heavy 5G investments into real subscriber wins against T-Mobile and AT&T.

Critics whining about outages, support drops, and slow growth? Watch the earnings numbers crush those narratives. Subscriber net adds rebound, margins expand, AI plays kick in. Schulman's proven he turns giants around.
Haters gonna hate, but earnings will shut them up. $VZ to the moon under Schooooolman. 🚀

The world has gone simple. Most reporting I have seen today is bought in to the revenue growth narrative. Q4 25 LEX in, Q4 24 LEX out. That is not growth. XRX stand alone has a 9% revenue decline. Would love to see the LEX YOY amounts. We live in a world of twisted truth.

tarrifs, headwinds, ram and the such

I've heard that earnings and growth will surprise to the upside next week

Anyone else hear this ?

https://www.ibm.com/downloads/documents/us-en/1550f7eea8c0ded6

Paste title in your search engine for details

Another earnings call is just around the corner. How do you think Leahy and Miralles spin Q4, CY 25 and the lowest stock price in 5 years?

I'm sure we will hear they cracked the code with the new GTM strategy and "all-weather team".

From my perspective, the single, most important question that needs to be asked is, "Given all the acquisitions, all the layoffs and the all the restructuring, why should we believe this leadership team is the team to return CDW to profitable revenue growth?"

“UHC revenue reflect fewer
consumers served, with
membership expected to range
between 46.9 million to 47.5
million.
Optum revenues of more than
$257.5 billion reflect the
corresponding membership attrition
in Optum Rx and the strategic right-
sizing of Optum Health.“

https://www.unitedhealthgroup.com/content/dam/UHG/PDF/investors/2025/unh-reports-2025-results-and-issues-2026-outlook.pdf

https://seekingalpha.com/news/4542778-unitedhealth-stock-tumbles-q4-results

https://www.ft.com/content/02bc222e-4a66-4440-adb8-517c3ebdc0c0

https://www.wsj.com/business/earnings/unitedhealth-books-hefty-charges-issues-soft-full-year-revenue-outlook-ef81d948

Unh stock is getting crushed right before earnings. Layoffs are going to skyrocket even more here. Brutal

https://www.nasdaq.com/market-activity/stocks/xrx/insider-activity

Classy AF move.

Biggest computing demand in the history of the world.

that massive layoffs are coming soon. Before the next earnings date of 3/9

A few of the posts, the 2026 thread and the threads from October’s layoffs both mention potential cuts coming this month. Last time the cuts happened a little before the earnings report, which is scheduled for January 30th.

Has anyone heard anything or seen any indications of more cuts coming this month?

https://www.stocktitan.net/sec-filings/XRX/s-3-xerox-holdings-corp-shelf-registration-statement-257169fede10.html

So they decided to print more shares. It's down ~12% pre market as of 8:50 EST.

WOW. There is never a good time to do something this stupid, but a week before earnings. This is super desperate.

Can someone who is smarter than me help me understand how good or bad the quarterly results, and because of timing, the annual results for 2025?

It seems like we had a really good year but I can be reading this wrong. But I'm getting upset that it looks like we had a good year but I know the compensation numbers are horrible this round. And if that's the case, they do not in fact pay for performance.

I’m debating whether to sell my UNH stock now or wait until after the earnings report. If it’s going to tank next week, I’d rather sell it now and be done with it.

i'm feeling very, very positive about this next meeting. hang in there and brace for success !!! 60for6

This entire 5 day RTO mandate isn't going to go well at all, and no, it's not JUST about having to go in the office. It's about how this is clearly a blanket solution to solve 1 particular problem within the company. A "solution" which will undo decade(s) of progress seemingly overnight.

Before COVID, we thrived on our 2-3 days in-person. That flexibility is why many of us joined and stayed. During COVID, we continued to thrive on remote work. And again, that flexibility is why many of us stayed. In return, many of us (without additional compensation mind you) gave back to the company by being available virtually 24/7. Fast forward to this day in 2026 and that mutual contract is broken. What does that mean?

Mandating 5 days in the office while continuing to expect 24/7 availability from most employees isn't sustainable. It's a recipe for burnout and resentment. Furthermore, claiming we've always been in-person and have been suffering due to our current arrangements completely contradicts the recent earnings report for 2025.

Look, this isn't another post by someone yelling into the void. This is a post from someone who cares. Believe it or not many of us do, which is why the following needs to be said:

This decision will hurt the company. In more ways than just one. It will damage morale, push out amazing talent, and ki-l the very culture that made this place what it is today. Locals are upset, news channels are reporting, employees feel disrespected, the list goes on.

I got laid off Feb 2024 in the 10% reduction deal.

I got a W2 for over 20k in earnings- I haven’t received a dime since my severance in Feb 2024.

Anyone else? I don’t want to report this towards my AGI- especially when never received that money.

Any guesses or specific insights into how earnings will look on the 22nd? Specifically, I’m looking for any and all insider information. TIA!

More to come in following quarters on how to drive efficiencies in tech. Seems of layoffs. What do you think?

Do you foresee the stock price to rebound with the last investment acquisitions but slow productivity?

1- cut guidance for remainder of the year and into 2026
2- seasonal slowdown. Lot of ppl out on people
3- org restructuring tolls which is happening now and it causes confusion often times, cutting projects half way through or affecting productivity. Even with the AI roadmap it brings conflict (overlapping across different orgs)
4- morale is down knowing incentives are poor. Usually 2% raise or maybe rsu worth 2k or less.(if you are eligible)
5- consensus for eps is already lower meaning that even good catalyst news wont help much.
6- our sheets are showing debts and lawsuits coming

I dont want to be pesimistic but Do you guys see any catalysts helping to rebound? Please tell me things to give us some hope about the tomorrow here.

Section: Notes to condensed fin. stmt. Restructuring
Oracle has spent $826M so far ending Nov 30
Oracle has allocated $1.6B in restructuring.
So additional amount $774M is going to be spent in next 3-6 m for sure.

Expected count is around 13000-15000 job cuts based on the above money.

Apparently the Confluent Cloud is not a Cluster*fook

Confluent's cloud revenue was a primary driver of growth in 2025, with Q3 2025 cloud revenue reaching $161 million, a 24% increase year-over-year.

Confluent reported its Q3 2025 earnings in October 2025, where total revenue surpassed Wall Street expectations.

The company was recently announced to be acquired by IBM in an $11 billion deal, a transaction expected to close by mid-2026.

Confluent's annual revenue for the trailing twelve months ending September 30, 2025, was $1.113 billion, a 21.58% increase year-over-year.
More detailed financial data is available through Confluent's investor relations website.

Confluent 2025 Revenue Breakdown
Fiscal Period Total Revenue Subscription Revenue
Q1 2025 $271.1 million $261.0 million
Q2 2025 $282.3 million $271.0 million
Q3 2025 $298.5 million $286.3 million
Q4 2025 Outlook N/A $295.5 - $296.5 million
FY 2025 (Total) ~$1.16 billion $1.1135 - $1.1145 billion

Salesforce Inc. gave an outlook for revenue in the current period that topped analysts’ estimates, suggesting the software company is persuading customers to buy its AI tools.

Revenue will be $11.1 billion to $11.2 billion in the period ending in January, the company said Wednesday in a statement. Analysts, on average, estimated $10.9 billion. Current remaining performance obligations, a measure of bookings, will increase about 15%, compared with analysts’ estimates of a 10% rise.

The revenue forecast includes 3 percentage points of growth from Informatica, a data integration software maker that Salesforce acquired last month in an $8 billion deal. The outlook for current remaining performance obligations includes 4 percentage points from Informatica.

The largest maker of software to track customer relationships is trying to push adoption of Agentforce — its AI tool that can complete tasks such as sales development and customer service without human supervision. Still, use has been largely limited to experimentation, in part due to customer confusion over pricing and disorganized data, wrote Derrick Wood, an analyst at TD Cowen, ahead of earnings.

Salesforce Chief Executive Officer Marc Benioff touted adoption of the AI tool, saying “our Agentforce and Data 360 products are the momentum drivers.”

Agentforce launched last year, and the company said it has closed more than 9,500 paid deals since then, an increase from 6,000 in the prior quarter.Annual recurring revenue for Salesforce’s division that includes AI-focused tools such as data organization and agents was $1.4 billion in the period ended Oct. 31, the company said.

The shares gained about 8% in extended trading after closing at $238.72 in New York. The stock has dropped 29% this year through Wednesday’s close as investors have grown concerned about AI disrupting incumbent application software makers.

In the fiscal third quarter, Salesforce reported that revenue increased 8.6% to $10.3 billion. Profit, excluding some items, was $3.25 per share. Analysts, on average, estimated adjusted earnings of $2.86 a share on $10.3 billion revenue, according to data compiled by Bloomberg. The current remaining performance obligation was $29.4 billion, while analysts expected $29.1 billion.

Earnings, excluding some items, will be $3.02 a share to $3.04 a share in the period ending in January. Analysts, on average, estimated $3.03.

For the full year ending in January, adjusted operating margin will be about 34%, in line with estimates.

From Seeking Alpha on Snowflake trading at 267 today.

Wall Street expects the cloud-based data storage company to post an EPS of $0.31, implying a 55% increase, while revenue is expected to rise 25.3% to $1.18 billion for the quarter.

The company, during its Q2 earnings call, stated that it expects Q3 product revenue to come in between $1.125 billion and $1.13 billion.

We expect this to support NRR around ~125% and healthy new customer growth of +18-19% YoY,” Oppenheimer analyst Ittai Kidron highlighted in a research note.

Over the last two years, SNOW has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.

Over the last three months, EPS estimates have seen four upward revisions and one downward move, while revenue estimates have seen eight upward revisions, compared to one downward revision.

Since the start of the year, SNOW shares have gained over 70%, compared to nearly 16% rise in the broader S&P 500 index.

And I love it, and I love it Big miss coming

Several senior PayPal executives have sold more than $1.5 million in company stock since the October earnings report, leading some to argue that they should be held accountable.

Medtronic (MDT) stock jumped early Tuesday after the medical products maker reported adjusted earnings of $1.36 per share on $8.96 billion in third-quarter sales.

On average, analysts called for $1.31 earnings per share and $8.87 billion in sales.

Thats the only way to save the sinking stock. Just like the layoffs before last earnings.

Cisco doesn’t share any data on individuals or teams layoffs

Nearly end of the year, With the payroll cut offs due soon any news? Whats the delay the earnings have been published, mid years have been completed, why is this company still hanging onto peoples pay rises?

https://investors.xerox.com/static-files/adf78906-cdf0-4fef-b8ce-21264d06bd9b

Debt servicing on the interest is up to around $1.1 million a DAY! Each and every day, this is not going away. Not principal, just the interest. Under 'Total Interest expense.'

That''s 400 million a year, just on the vig.