Boston, MA 05/29/2014 (wallstreetpr) – Texas Instruments Incorporated (NASDAQ:TXN) expects 2Q2014 revenue growth of 13 percent on a year-over-year basis. The company registered 11 percent revenue growth in 1Q2014 leading to actual revenue of $9.98 billion. The actual revenue expectation in the current quarter (2Q2014) is between $3.1 and $3.4 billion. Earnings in the current quarter are expected to come in between $0.55 and $0.63 per share. The company earned $0.44 per share in 1Q.
According to the company’s officials, the environment of higher factory usage and increasing orders suggest big potential for higher revenue and profits. In any case, the company has also witnessed a decline in its manufacturing costs, a development that should support bottom-line improvement.
Texas Instruments Incorporated (NASDAQ:TXN) Vice President Ron Slaymaker said the analog and embedded segments of the business are doing well in the automotive and industrial markets. The segment contributed 84 percent of the total revenue generated in 1Q.
SanDisk Corporation (NASDAQ:SNDK) announced and advanced solid state drive (SSD) that provides self-encrypting. The SanDisk X300 provides IT decision makers with an added advantage in handling complex data management and security challenges. The device will be available through SanDisk’s Commercial Business Channel.
In efforts to maximize profit through the sale of the advanced storage hardware, SanDisk Corporation (NASDAQ:SNDK) designed the device to appeal to consumers, enterprise buyers and businesses. That signals a rare approach in the SSD manufacturing.
Cloud services provider ServiceNow Inc (NYSE:NOW) seeks to expand its cloud services beyond the legacy helpdesk services. In addition to IT helpdesk services, the company has turned the focus to IT service management automation. The deft move not only places the company a leader in the new segment, but also has the potential of improving its revenue and earnings.
Like the late Steve Jobs, for CEO of Apple Inc (NASDAQ:AAPL) once said, people do not know what they want until it is shown to them. As such, NOW wants to light the path of introducing IT services management automation to the market.
ServiceNow Inc (NYSE:NOW) posted a net loss of 8 cents per share in 1Q2014, in-line with the consensus estimate for the quarter. Revenue in the quarter came in at $139.09 million, ahead of the consensus estimate of $134.64 million. Revenue in the latest quarter was up almost 62 percent on a year-over-year basis.
