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ServiceNow's stock significantly increased after hours, surpassing financial estimates with the use of AI.
[Cloud] Servicenow, a cloud business management service, is being bought in extended hours trading. Revenue in the 2024 Q2-Q4 financial results released after the trading exceeded market estimates, and there has been a buy trend. The main subscription income exceeded market expectations. The services using AI have been successful, and the number of large customers exceeding 1 million dollars in annual contracts has increased by 15%. <1447> ITbook <2158> Fronto <2349> NIDE
System D Research Memo (11): Expanding Share with Product Strengthening Incorporating Generated AI Functionality
Future Outlook: 3. Global strategy system Stem Inc. (3804) positions the period until October 2025 as an opportunity for strengthening its physical fitness for the leap forward in its mid-term plan, the first system resilience plan (fiscal year October 2023 to October 2025). At the same time, it aims for sustainable sales growth through expanded market share and cumulative stock returns and strengthens investments in employees and facilities to establish a highly advanced organizational structure, as well as a strong technology group as a system vendor.
System D Research Memo (10): Mainland education and software engineering will lead the way in the October 2024 period.
System D <3804> future outlook2. Sales outlook by business unit(1) Academic solution businessAcademic solution business is expected to increase revenue by double digits compared to the previous year. The demand for 'Campus Plan Smart' is increasing and we expect to introduce several new projects. We have continued to support existing products by adapting to the latest Server OS and database software, so we expect our existing customers to migrate to 'Campus Plan Smart'.
System D Research Memo (8): Maintains a self-capital ratio in the 60% range and has a sound financial condition, with expanded prepaid income.
Performance Trend 3. Financial Condition and Management Indicator System As of the end of the second quarter of the fiscal year ending October 2024, the total assets of DIC (3804) increased by ¥468 million from the previous period to ¥6,714 million. Looking at the main reasons for the increase and decrease, current assets decreased by ¥285 million due to a decrease in accounts receivable while cash and deposits increased by ¥892 million. The decrease in accounts receivable was due to efforts to avoid excessive deliveries in order to secure sales towards the end of the period. In addition, fixed assets include software and
System D Research Memo (7): Introduction of school support system for primary and middle schools throughout Yamaguchi and Iwate prefectures (2)
Performance Trends of System Dei<3804> (3) Mainland Education Solution Business. The mainland education solution business provides an integrated school management support system, 'School Engine,' as a cloud play service for public elementary, middle, and high schools. Even for the same school, the campus solution business targeting private school corporations and national public universities, which are independent administrative agencies, has a significantly different business environment. One of the differences is the municipal budget system, in which public schools are under the jurisdiction of each municipality's board of education.
System D Research Memo (5): Total performance for the 2nd quarter of fiscal year 2024 shows a slight decrease in both revenue and profit.
Performance Trends 1. Performance Overview for the cumulative second quarter of Fiscal Year 2024 ending October. The consolidated operating profit for the cumulative second quarter of Fiscal Year 2024 of the system design <3804> is revenue of 2,386 million yen, a decrease of 1.7% compared to the same period of the previous year, operating profit is 512 million yen, a decrease of 7.0% compared to the previous year, ordinary profit is 513 million yen, a decrease of 6.9% compared to the previous year, and net income for the quarter attributable to shareholders of the parent company is 342 million yen, a slight decrease in revenue and profit, which falls short of the company's plan. The sales of purchased commodities also declined significantly.
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