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WSJ reports the Federal Reserve raised interest rates Wednesday for the first time in three years, reversing last year's cuts and implicitly undercutting the White House’s stance that inflation is not a concern. The increase was approved unanimously.
Tecsys said first-quarter bookings were a record and its second-highest ever, with Elite SaaS ARR up 24% year over year and revenue up 9%. The company raised full-year fiscal 2027 guidance after the quarter.
Navan said total GBV rose 45% year over year to more than $3 billion in Q2 2027. The company said it exceeded expectations for revenue and non-GAAP operating income and raised its full-year outlook.
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.
Zscaler said fourth-quarter annual recurring revenue rose 25% and non-GAAP operating margin reached 24.3%, while Security for AI bookings increased more than 50% sequentially.