Walmart+ Boosts Spending, Cisco Focuses on AI
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 17 August 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg's Ed Ludlow and Caroline Hyde break down earnings results from Walmart and focus in on e-commerce. Plus, Cisco outlines plans to push into AI and security technology. And, Dutch payment processing company Adyen plunges after posting the slowest revenue growth since its IPO.
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| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
| 0:06.2 | leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th. |
| 0:12.8 | Title sponsor Amazon, Official Airline, Alaska Airlines. |
| 0:17.6 | Supporting sponsor, Providence. |
| 0:19.9 | Contributing sponsor, Wareyerhauser. |
| 0:22.6 | Get 40% off using promo code Radio 40 |
| 0:26.0 | at Bloomberg Live.com slash Green Festival. |
| 0:31.6 | From the heart of where innovation, money and power collide in Silicon Valley and beyond, |
| 0:37.0 | this is Bloomberg Technology with Caroline Hyde and Edla Lo Lo Lo. I'm Caroline Hyde at Bloomberg's world headquarters in New York. |
| 0:58.0 | And I'm Ed Ludlow in San Francisco, this is Bloomberg Technology. |
| 1:02.0 | Coming up, we'll get the read on the state of the e-commerce consumer as we break down the earnings |
| 1:06.4 | from Walmart and strong online growth. |
| 1:09.4 | Plus the largest maker of computer networking equipment, making headway in AI and security technology. major of market value and one day alone after posting the slowest revenue growth since |
| 1:23.7 | that European Payments Giants IPO. Here in the US two names that we're watching in |
| 1:28.6 | the earnings context the first Cisco the AI story benefiting, booking $500 million of sales already on its AI products. |
| 1:37.8 | Growth slowing, but the street seems to light the forecast. |
| 1:40.9 | We're going to get details from our editors in the next block. |
| 1:44.3 | Walmart now down 1.6 percent. Second consecutive quarter where the outlook's been raised, |
| 1:49.6 | but here's the one for me. E-commerce sales in the quarter jumped 24%. This is an e-commerce story of |
| 1:55.4 | Walmart. So let's get more details bringing Bloomberg's Brendan Case who |
| 1:58.8 | covers Walmart for us out at Dallas. Brendan just run us through the top line of |
| 2:02.2 | these earnings. |
... |
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