Artificial Intelligence Takes Center Stage in Tech Sector Earnings – Fagen wasanni
Artificial intelligence (AI) is set to be a major topic in the upcoming earnings reports of companies in the local technology sector. Investors will be looking for indications of whether AI will be a boon or a curse for the industry. The demand for cloud computing and multi-cloud connections has been reinforced by recent earnings results from Microsoft and Google. This has led to an increase in the stock prices of NextDC, a data center provider, and Megaport, a networks business.
Analysts expect that the term “artificial intelligence” will feature heavily throughout the results season. Transcripts of corporate updates from the past few years show a significant increase in mentions of AI. However, a slowing sales cycle in the last half is expected to impact tech earnings. To offset this, many companies have raised prices to combat rising inflation and offset lower contract numbers.
Altium, a printed circuit board developer, increased prices on its enterprise design software division…
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source: https://news.oneseocompany.com/2023/07/30/artificial-intelligence-takes-center-stage-in-tech-sector-earnings-fagen-wasanni_2023073048278.html
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