+++ Business figures +++: Embraer sells more military aircraft and increases profit
Lanxess reports an increase in earnings +++ Daimler Truck is counting on the second half of the year after a slump in profits +++ Airbnb exceeds expectations - World Cup boosts business +++ The news blog.
Embraer's business figures show an increase in sales of military aircraft and a rise in profit. The company's CEO, Aneel Bhusri, revealed that AI contributed over 25 percent of their new annual contract value in the second quarter. Revenue grew by 12.8 percent to $2.65 billion in the quarter that ended on July 31, meeting Wall Street expectations and the company's forecast for the current quarter.
However, investors had anticipated more, and the stock fell by five percent after hours. Workday, a company specializing in AI-powered financial and human resources programs, now serves more than 5,500 customers utilizing at least one of their AI assistants. Regardless of the trend towards cloud services, the company faces challenges from a difficult economic environment.
Many customers are scrutinizing their IT budgets and deferring large software projects. Analysts suggest that there may be limited room for further expansion without price reductions, which could also make it difficult to reignite growth in the financial and overseas sectors. Workday's strong demand for new AI tools is encouraging Salesforce: the company raised its revenue and profit forecast for the entire year on Wednesday, and its shares rose by seven percent in after-hours trading.
Salesforce now expects revenue between $46.1 and $46.4 billion for the 2027 fiscal year, up from its previous range of $45.9 to $46.2 billion. The adjusted earnings per share are projected to increase to $16.67 to $16.71.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
