AI NewsCrowdStrike reported a 26% year-over-year increase in Q1 revenue to $1.39 billion, beating estimates of $1.36 billion. The company also forecasted Q2 revenue of about $1.44 billion, slightly above estimates of $1.43 billion. However, the stock price dropped 9% or more after hours.
Q1 Revenue
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Okta reported a 11% year-over-year increase in Q1 revenue to $765 million, exceeding estimates of $752 million. The company attributed the growth to the increasing demand for its identity tools driven by the agentic AI build-out.
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Dell's Q1 revenue surged 88% year-over-year to $43.84 billion, exceeding estimates of $35.43 billion. The company also forecasted revenue above estimates for fiscal year 2027.
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Salesforce reported Q1 revenue of $11.13 billion, a 13% increase year-over-year, and Agentforce annual recurring revenue of $1.2 billion, a 205% increase. However, the company forecasts Q2 revenue below estimates.
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Snowflake reported a 33% year-over-year increase in Q1 revenue to $1.39 billion, exceeding estimates of $1.32 billion. The company also committed to spending $6 billion on Amazon Web Services (AWS) over the next five years.