Guidewire Software reported better-than-expected Q3 results with adjusted earnings of 82 cents per share and revenue of $372.54 million, surpassing analyst estimates. Subscription and support revenue rose 35%, while license revenue slightly declined by 2%. CEO Mike Rosenbaum expressed confidence in the company's growth driven by insurers modernizing systems and adopting AI. Despite strong results, the stock dropped 14.66% to $129 in after-hours trading, reflecting market reaction to other factors beyond earnings.
Verizon Communications announced a quarterly dividend of 70.75 cents per share, maintaining the same rate as the previous quarter. The dividend will be paid on August 3, 2026, to shareholders recorded by July 10, 2026. Verizon highlighted its 20 cons...
QBIX, LLC has rebranded as Northbank Technology Group, emphasizing its 23 years of Microsoft ERP expertise and a stronger focus on Microsoft Dynamics 365 Business Central. The company aims to help Northern California businesses modernize their financ...
The US Supreme Court unanimously ruled in favor of Hikma Pharmaceuticals, ending a patent infringement lawsuit filed by Amarin. The dispute involved Hikma's generic icosapent ethyl, a fish oil-based medicine for severe hypertriglyceridemia, which Hik...
Broadcom's stock fell 12.59% after its AI revenue guidance met but did not exceed high market expectations. Historically, similar steep drops in Broadcom shares have marked strong buying opportunities, with average gains over 85% in six months follow...
Rubrik reported Q1 earnings of 16 cents per share, beating the expected loss of three cents, with revenue of $387.07 million surpassing estimates. Subscription annual recurring revenue (ARR) grew 32% year-over-year to $1.57 billion. The company raise...
