Three main know-how corporations reported income progress and expanded synthetic intelligence choices Wednesday, with Pure Storage rolling out enterprise AI instruments, Field launching customized AI brokers and Verint doubling earnings on sturdy AI demand. Pure Storage introduced partnerships with Nvidia and CoreWeave alongside its new GenAI Pod system, whereas Field launched an AI Studio for customized improvement and Verint noticed its AI-powered subscription income soar 19% as all three companies guess closely on synthetic intelligence adoption.
Field Expands AI Instruments Amid Q3 Progress
Content material administration firm Field Inc. launched new synthetic intelligence options and reported third-quarter income progress of 5% to $275.9 million.
The corporate launched Field AI Studio to create customized AI brokers and expanded its partnership with Amazon Internet Providers to combine basis fashions from Anthropic and Amazon into its platform. The brand new Enterprise Superior suite consists of AI-powered doc processing and content material evaluation instruments, alongside automated type creation capabilities.
Field posted a document GAAP working margin of 8.5% and raised its full-year income outlook to roughly $1.09 billion. Remaining efficiency obligations, a measure of future contracted income, grew 13% to $1.28 billion.
“We unveiled probably the most transformational product line-up in Field historical past,” stated CEO Aaron Levie, highlighting plans to assist companies leverage information from their information.
The corporate additionally reported internet revenue of $12.9 million, with earnings of $0.05 per share. Field’s non-GAAP working margin reached a document 29.1%, reflecting what CFO Dylan Smith known as “operational self-discipline constructed into the core of our firm.”
Pure Storage Expands AI Push With New Tech Deal
Knowledge storage firm Pure Storage introduced main synthetic intelligence initiatives Wednesday, together with partnerships with AI suppliers and a brand new storage answer for enterprise AI.
The corporate’s FlashBlade//S500 system obtained certification with NVIDIA’s DGX SuperPOD, validating its capabilities for AI coaching environments. Pure Storage additionally launched its GenAI Pod, aimed toward simplifying AI mission deployment, and fashioned a strategic partnership with AI cloud supplier CoreWeave.
“Pure is driving the most important shift in enterprise storage since Flash,” CEO Charles Giancarlo stated in asserting the initiatives.
The corporate reported $831.1 million in third-quarter income, up 9% from final 12 months. Pure Storage expects full-year income of $3.15 billion because it expands its AI-focused choices.
Verint’s Q3 Revenue Doubles as AI Demand Grows
Customer support know-how supplier Verint Methods Inc. reported greater earnings and income in its third quarter, pushed by rising demand for AI-powered enterprise instruments.
The corporate posted income of $224 million for the quarter ending Oct. 31, a 3% improve from the identical interval final 12 months. Internet revenue greater than doubled to $29 million, or $0.39 per share, in comparison with $12.9 million, or $0.12 per share, within the earlier 12 months.
Recurring income, which incorporates software program subscriptions and assist companies, reached $179.9 million, representing 80.2% of complete income. The corporate’s bundled software program subscription income elevated 19% 12 months over 12 months, whereas new software program subscription contracts from new prospects rose 37% 12 months over 12 months, excluding cloud conversion offers.
“We noticed sturdy demand for AI enterprise outcomes and our bundled SaaS income progress accelerated,” CEO Dan Bodner stated in a press launch. He stated prospects are prioritizing AI tasks over cloud conversion tasks, resulting in elevated adoption of the corporate’s hybrid cloud mannequin.
The Melville, N.Y.-based agency maintained its earlier steering for the complete fiscal 12 months ending Jan. 31, 2025, projecting income of $933 million. Gross revenue margins improved by 70 foundation factors in comparison with the earlier 12 months.
Wanting forward, Verint plans to host an investor day on Jan. 14 the place it’ll showcase its AI capabilities and current its monetary outlook for fiscal 12 months 2026. The corporate additionally introduced a brand new AI-powered chatbot as a part of its buyer expertise platform.
