EdTech Insight – Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says

by EdTechMate | Apr 26, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent activities surrounding Tesla, including key executive resignations and a significant workforce layoff, reflect broader trends and challenges within the tech industry that resonate with international education and digital...

EdTech Insight – Alphabet shares jump 14% on earnings beat, first-ever dividend

by EdTechMate | Apr 26, 2024 | CNBC, News & Insights

Executive Summary and Main Points Alphabet Inc.’s recent earnings report surpassed analyst estimates, demonstrating a significant profit surge in its cloud division and the announcement of its inaugural cash dividend. Key aspects of Alphabet’s Q1...

EdTech Insight – Alphabet tempers fears that it’s falling behind in AI with blowout first-quarter results

by EdTechMate | Apr 26, 2024 | CNBC, News & Insights

Executive Summary and Main Points Alphabet Inc., the parent company of Google, has surpassed market expectations with a 15% surge in revenue year-over-year, showcasing the robustness of its advertising business, including a 20% jump in YouTube ad sales....

EdTech Insight – Intel shares fall after company provides weak forecast for the current quarter

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points Intel’s recent financial reporting highlights a mixed outcome with beating earnings per share expectations but falling short on sales, alongside a projection of weaker performance in the upcoming quarter. Pat Gelsinger, Intel...

EdTech Insight – Microsoft cloud growth accelerates on back of AI push

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points Microsoft’s financial results for the fiscal third quarter exceeded Wall Street expectations, signifying robust growth and a strong performance in its cloud services, including Azure. The company reported earnings per share of...

EdTech Insight – Snap shares soar 23% as company beats on earnings, shows strong revenue growth

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points Snap Inc. has outperformed analyst expectations for its first-quarter results, showing robust revenue growth and an uptick in global daily active users (DAUs). The company’s revenue growth is attributed to improvements in...