This week, multiple IT companies released their quarterly financial results, revealing varied performances. SentinelOne saw a 23% revenue increase to $229 million but faced a 12% stock drop due to a disappointing outlook. Zscaler, with a revenue of $678 million, also saw a 23% increase, and its stock rose slightly by 3%. Pure Storage's revenue grew 12% to $778.5 million but faced challenges with new customer acquisition. Nvidia reported a staggering $44.1 billion revenue, marking 69% growth, but announced a significant financial setback due to export restrictions impacting its chip sales.
SentinelOne's quarterly results showcased a revenue of $229 million, a 23% increase from Q1 2024, but its stock dropped 12% due to a disappointing forecast.
Nvidia continues to dominate the AI space with a 69% jump in revenue to $44.1 billion, though it faces a significant $4.5 billion write-off from export restrictions.
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