has gained another customer for its Graviton chips. Cloud storage company Snowflake plans to pay $6 billion over the next five years for access to Amazon’s Graviton chips in AWS data centers. The deal announced Wednesday makes Snowflake one of AWS’ largest customers for CPU-based computing. Snowflake shares rose 35 percent after-hours.
HP
reported an increase in profit and sales in the second fiscal quarter. However, the company said it expected lower profitability this year than previously forecast. Second-quarter profit was $450 million, or 49 cents per share. In the previous year this was $406 million or 42 cents per share. Adjusted for certain one-time items, HP reported adjusted earnings of 86 cents per share. Analysts surveyed by Factset had expected 71 cents per share. Sales rose from $13.22 billion in the previous year to $14.41 billion. According to Factset, it exceeded analyst expectations of $13.99 billion.
SALES FORCE
reported profit of $2.11 billion, or $2.42 per share, for the first quarter ended April 30, compared with $1.54 billion, or $1.59 per share, in the year-ago period. Adjusted for certain special items, earnings per share were $3.88. According to Factset, analysts had expected $3.13. Sales rose 13 percent to $11.13 billion. Analysts polled by Factset had forecast sales of $11.05 billion. The revenue included a $444 million contribution from Informatica, which Salesforce acquired in November 2025.
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(END) Dow Jones Newswires
May 28, 2026 01:30 ET (05:30 GMT)