Tencent, one of the leading tech giants in China, exceeded both top and bottom line expectations in the second quarter. With a revenue of 161.12 billion Chinese yuan ($22.5 billion), beating the LSEG consensus estimate of 160.77 billion yuan, and a profit of 47.63 billion Chinese yuan surpassing the expected 39.95 billion yuan, the company
Earnings
Palo Alto Networks has recently made a significant shift towards “platformization,” which involves bundling its products and services together. This strategy has caused the company to offer certain products for free or at a discount initially to attract customers to try out their consolidated offerings. While this move led to a nosedive in Palo Alto’s