ServiceNow CEO Bill McDermott Shares Cloud Outlook, HPE CEO Antonio Neri on Latest Results & Intuit CEO Sasan Goodarzi on Earnings Beat 11/30/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 30 November 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with ServiceNow CEO Bill McDermott sharing his outlook for software as we kick off day three of Cloud Week, and CNBC’s Dom Chu breaks down the Street’s expectations ahead of Fed Chair Jerome Powell’s speech on the economy this afternoon. Then, HPE CEO Antonio Neri breaks down the enterprise edge-to-cloud company’s Q4 results, and Intuit CEO Sasan Goodarzi joins after delivering stronger-than-expected earnings. Next, our Julia Boorstin reports on Disney buying Major League Baseball’s remaining stake in streaming firm BAMTech, and CNBC’s Diana Olick covers Airbnb partnering with several major landlords to allow tenants to list their apartments. Later, CNBC’s Kate Rooney covers the shutdown of crypto exchange Bitfront, and CNBC’s Seema Mody looks at the impact of Covid lockdown protests in China on the broader markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.9	Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintania with John Fort. Dear Drobos is off today. Cloudwick continues on Tech Check. A big lineup this morning. Service now is Bill McDermott with us, plus the chief executives of HPE and Intuit on the heels of their results.
0:21.3	Those are not the only movers, though.
0:22.9	We'll also get to the big swings and names like CrowdSah. plus the chief executives of HPE and Intuit on the heels of their results.
0:21.3	Those are not the only movers, though.
0:22.8	We'll also get to the big swings and names like CrowdStrike, Workday, and NetApp as we await Powell this afternoon, John.
0:30.1	Yeah, Carl, we've got to start with the move we're seeing in CrowdStrike, though, and the ripple effects in the cybersecurity sector.
0:37.3	Take a look at CrowdStrike stock, but it was down almost 20% earlier.
0:42.4	We'll take a check on it in just a moment.
0:44.2	Question is, are these results signaling enterprise software is more vulnerable than many previously thought?
0:50.3	CrowdStrike posted Q3 results, beating estimates, but weaker than expected revenue growth has the stock down, yeah, 19% at the moment.
0:59.3	And those results also striking others in the cyber crowd.
1:03.1	Sentinel 1 and Z-scaler down big.
1:06.1	You can see them there.
1:07.9	Z-scaler down more than 6%.
1:10.4	Sentinel 1 down 12 plus.
1:12.6	Palo Alto networks down just a couple percent.
1:15.6	Cloudflare actually up.
1:17.6	ETS tracking the cyber names like bug, CIBR, IHack also lower.
1:23.6	CEO George Kurtz, CEO of CrowdStrike,
1:26.6	blaming the results on increased macroeconomic
1:30.2	headwinds, Carl. I can't help but note that the larger customers of CrowdStrike actually
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