Earnings Week Nov. 27 - Dec. 1
Pinduoduo, Crowdstrike, Intuit, Farfetch, Okta, Salesforce, Snowflake & more...
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Zscaler
For the transcript and press release click HERE
Q1 Non-GAAP EPS of $0.67 beats by $0.18.
Revenue of $496.7M (+39.7% Y/Y) beats by $23.27M.
Calculated billings grew 34% year-over-year to $456.6 million
Deferred revenue grows 39% year-over-year to $1,399.5 million
GAAP net loss of $33.5 million compared to GAAP net loss of $68.2 million on a year-over-year basis
Non-GAAP net income of $106.5 million compared to non-GAAP net income of $44.0 million on a year-over-year basis
For the second quarter of fiscal 2024:
Revenue of $505 million to $507 million, vs. consensus of $497.30M
Non-GAAP income from operations of $84 million to $86 million
Non-GAAP net income per share of approximately $0.57 to $0.58, vs. consensus of $0.52
For the full year fiscal 2024:
Revenue of approximately $2.09 billion to $2.10 billion, vs. consensus of $2.06B
Calculated billings of $2.52 billion to $2.56 billion
Non-GAAP income from operations of $360 million to $365 million
Non-GAAP net income per share of $2.45 to $2.48, vs. consensus of $2.24
Pinduoduo
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
3 Non-GAAP EPADS of $1.55 beats by $0.39.
Revenue of $9.44B (+94% Y/Y) beats by $2.02B.
Total revenues were RMB68,840.4 million (US$9,435.4 million), an increase of 94% from RMB35,504.3 million in the same quarter of 2022. The increase was primarily due to an increase in revenues from online marketing services and transaction services.
Revenues from online marketing services and others were RMB39,687.7 million (US$5,439.7 million), an increase of 39% from RMB28,482.0 million in the same quarter of 2022.
Revenues from transaction services were RMB29,152.7 million (US$3,995.7 million), an increase of 315% from RMB7,022.3 million in the same quarter of 2022.
Crowdstrike
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $0.82 beats by $0.08.
Revenue of $786M (+35.3% Y/Y) beats by $8.62M.
Ending ARR surpasses $3 billion milestone, growing 35% year-over-year to reach $3.15 billion
Record net new ARR of $223 million driven by accelerating year-over-year growth
Guidance: Q4 Total revenue of $836.6 - $840 million, vs. consensus of $836.81M, Non-GAAP EPS of $0.81-$0.82 vs $0.78 consensus
FY Total revenue of $3.046B - $3.05B vs. consensus of $3.04B, Non-GAAP EPS of $2.95-$2.96 vs $2.83 consensus
Intuit
For the transcript and press release click HERE
Q1 Non-GAAP EPS of $2.47 beats by $0.49.
Revenue of $3B (+15% Y/Y) beats by $120M.
Intuit reiterated guidance for the full fiscal year 2024. The company expects:
Revenue of $15.890 billion to $16.105 billion vs $16.03B consensus, growth of approximately 11 to 12 percent.
GAAP operating income of $3.615 billion to $3.720 billion, growth of approximately 15 to 18 percent.
Non-GAAP operating income of $6.155 billion to $6.260 billion, growth of approximately 12 to 14 percent.
GAAP diluted earnings per share of $9.37 to $9.67, growth of approximately 11 to 15 percent.
Non-GAAP diluted earnings per share of $16.17 to $16.47 vs $16.39 consensus, growth of approximately 12 to 14 percent.
Full fiscal year 2024 segment revenue guidance:
Small Business and Self-Employed Group: growth of 16 to 17 percent.
Consumer Group: growth of 7 to 8 percent.
ProTax Group: growth of 3 to 4 percent.
Credit Karma: decline of 3 percent to growth of 3 percent.
Second quarter of fiscal year 2024:
Revenue to grow approximately 11 to 12 percent.
GAAP diluted earnings per share of $0.62 to $0.68.
Non-GAAP diluted earnings per share of $2.25 to $2.31.
The BFCM Winners
Snowflake
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $0.25 beats by $0.09.
Revenue of $734.17M (+31.8% Y/Y) beats by $20.63M.
Product revenue of $698.5 million in the third quarter, representing 34% year-over-year growth.
Q4 guidance: Product revenue between $716M and $721M.
FY24 guidance: Product revenue of $2.65B.
Salesforce
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $2.11 beats by $0.05.
Revenue of $8.72B (+11.2% Y/Y) in-line.
Third Quarter GAAP Operating Margin of 17.2% and non-GAAP Operating Margin of 31.2%
Current Remaining Performance Obligation of $23.9 Billion, up 14% Y/Y, 13% CC
Returned $1.9 Billion to Stockholders in the Third Quarter in the Form of Share Repurchases
Initiates Fourth Quarter FY24 Revenue Guidance of $9.18 Billion to $9.23 Billion, up 10% Y/Y
Narrows Full Year FY24 Revenue Guidance to $34.75 Billion to $34.8 Billion, up 11% Y/Y
Raises Full Year FY24 GAAP Operating Margin Guidance to 14.5% and non-GAAP Operating Margin Guidance to 30.5%
Raises Full Year FY24 Operating Cash Flow Growth Guidance to 30% to 33% Y/Y
Q4 Non-GAAP diluted earnings per share of $2.25 - $2.26 and FY23 EPS of $8.18 - $8.19
Farfetch
For the transcript and press release click HERE
Farfetch on Tuesday said it would not announce third quarter financial results, previously scheduled for Nov. 29.
The company added it expects to provide a market update in due course and will not be providing any forecasts or guidance at this time, and any prior forecasts or guidance should no longer be relied upon.
Point72 Asset Management takes 5.1% passive stake in Farfetch.
Build a Bear
For the transcript and press release click HERE
Q3 GAAP EPS of $0.53 misses by $0.01.
Revenue of $107.6M (+3.0% Y/Y) misses by $0.51M.
Earnings before interest, taxes, depreciation and amortization grew 3.0% to $13.3 million, or 12.4% of total revenues.
2023 Outlook:
The Company revises its fiscal 2023 guidance from 5% to 7% revenue growth vs. estimated growth of 6.08% Y/Y and 10% to 15% pre-tax income growth to 3% to 5% revenue growth and 5% to 10% pre-tax income growth.
Ulta Beauty
For the transcript and press release click HERE
Q3 GAAP EPS of $5.07 beats by $0.10.
Revenue of $2.49B (+8.3% Y/Y) beats by $20M.
Cash and cash equivalents at the end of the third quarter of fiscal 2023 totaled $121.8 million.
The Company has updated its outlook for fiscal 2023.
Net sales is expected between $11.10B to $11.15B vs $11.16B Consensus
Diluted earnings per share is expected between $25.50 to $25.60 vs $25.40 Consensus
UiPath
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 Non-GAAP EPS of $0.12 beats by $0.05.
Revenue of $326M (+24.1% Y/Y) beats by $10.38M.
ARR of $1.378 billion increased 24 percent year-over-year.
Net new ARR of $70 million.
Dollar-based net retention rate of 121 percent.
GAAP gross margin was 85 percent.
Non-GAAP gross margin was 87 percent.
GAAP operating loss was $(56) million.
Non-GAAP operating income was $44 million.
Net cash flow from operations was $42 million.
Non-GAAP adjusted free cash flow was $44 million.
Financial Outlook
For the fourth quarter fiscal 2024:
Revenue in the range of $381 million to $386 million
ARR in the range of $1.450 billion to $1.455 billion as of January 31, 2024
Non-GAAP operating income of approximately $78 million
Pagerduty
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $0.20.
Revenue of $108.7M (+15.4% Y/Y).
Sees Q4 Total revenue of $109.5 million - $111.5 million, representing a growth rate of 8% - 10% year over year.
Sees Q4 Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.14 - $0.15.
