Breaking Down Software Earnings, YouTube Chief Business Officer Robert Kyncl & Earnings Exclusive with MongoDB CEO

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 3 September 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start off this Friday morning with details on software earnings from Hewlett Packard Enterprise, PagerDuty and MongoDB. Then, Hewlett Packard Enterprise CEO Antonio Neri joins for more on the company’s most recent quarter. Plus, we bring you the latest headlines from Apple, including the company’s announcement today that it will put its new child safety features on hold. Then, YouTube Chief Business Officer Robert Kyncl joins as YouTube hits a major milestone of 50 million Premium and Music subscribers. We also cover Netflix’s record run with the stock posting gains for 14 out of the last 15 trading sessions. Later, PagerDuty CEO Jennifer Tejada joins exclusively on the company’s strong second quarter and current quarter guidance. And don’t miss an earnings exclusive interview with MongoDB CEO Dev Ittycheria.

Transcript

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0:00.0	I'm John Fort. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:28.6	Happy Friday. Welcome to Tech Check. I'm John Fort with Julia Borsden. Carl and Deirdre are off.
0:38.2	Coming up on the show today, big day for enterprise earnings, interviews with the CEOs of HP Enterprise, PagerDuty, and MongoDBDB as a couple of those stocks rocket higher.
0:44.6	Plus, Apple hits pause, delaying the rollout of its feature to scan devices for child sexual abuse imagery that attracted so much controversy.
0:47.5	And then a sharp rebuttal from Robin Hood on Payment for Order Flow,
0:51.5	hitting back at the SEC arguing they're the ones on the side of the consumer.
0:56.3	More on those stories ahead.
0:58.1	We're going to start with a trio of earnings movers, HPE, Page Duty, MongoDB, all out with results.
1:05.8	The veteran in the space, HPE, the only company to report a profit, ongoing component constraints leading management to warn of limited upside, also saying they raised prices in response to the shortage.
1:18.9	PagerD.B., younger companies, both huge growth stories, revenue up 33 and 44 percent, respectively, both of those those stocks surging higher by double digits.
1:30.3	The seismic shift to the cloud evident in other earnings as well.
1:34.9	Broadcom beat on the top and bottom line, CEO Hock 10,
1:37.6	attributed the performance largely to demand from cloud as well as 5G broadband and wireless.
1:43.7	All this comes a day after Asana announced record
1:46.7	revenues saw its stock surge 15%. Julia, we also see Atlassian up a healthy amount, around
1:55.9	3%, I believe, this morning also in that collaboration space with Atlassian, these smaller, nimble
2:03.2	company, software companies in the enterprise looking to enhance both the way engineers do business
2:08.7	and the way the data center runs in the case of PagerDuty doing quite well.
2:15.3	Yeah, and I would say, John, that all of these stocks, a success of all of these stocks
2:19.6	points to the fact that the pandemic really kicked off an acceleration of the shift of everything
2:25.1	into the cloud, into digital, and also just a lot more accessibility of all that data. Some of
2:31.0	these tools, really, such as MongoDB, really enabling companies to better access
	...

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