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Highlights
FTSE 100 futures point to a modestly stronger open.
Nvidia reports strong quarterly revenue and margins, but data centre growth slows.
Hunting and Softcat release updates on earnings and cash generation.
FTSE 100 futures indicated a positive start on Thursday, with modest gains expected as focus remained on international earnings announcements. Technology and industrial stocks were in the spotlight after updates from key global and domestic companies.
Nvidia Quarterly Performance
US-based semiconductor company Nvidia reported results for the latest quarter that surpassed many revenue expectations. Revenue climbed to more than forty billion dollars, reflecting strength across various product lines. Profit margins advanced above seventy percent, underscoring the firm’s ability to maintain efficiency despite restrictions on exports to China.
For the upcoming quarter, the company projected revenue in excess of fifty billion dollars, again without contributions from China due to regulatory measures. While into China remain complicated, Nvidia’s leadership noted that future access to the market through specific products remains a possibility. The guidance highlighted a sharp sequential increase in revenue, with double-digit percentage expansion anticipated within just one quarter.
Even with the upbeat results, shares of Nvidia declined in after-hours trading. The slower sequential growth rate in the data centre segment weighed on sentiment, as this division had been central to recent surges in demand. A planned sixty billion dollar share program was also unveiled but failed to offset the share price movement.
Hunting Earnings Update
London-listed Hunting (LSE:HTG), a precision engineering specialist serving the oil and gas industry, reaffirmed its full-year outlook but noted that global market volatility could influence performance. The company posted core earnings of just over seventy million dollars for the first half, compared with around sixty million dollars during the same period last year.
Despite uncertainties, Hunting announced a forty million dollar share plan. The group pointed to a macroeconomic backdrop that remains unpredictable but emphasised resilience through cost management and diversified client demand.
Softcat Trading Statement
IT infrastructure provider Softcat (LSE:SCT) reported that it continued to perform well in the final quarter of the financial year. The company now expects full-year gross to rise at a high-teens percentage rate, while operating is anticipated to grow at a mid-teens percentage pace.
Softcat highlighted strong conversion of larger solutions projects, which supported the improved outlook. The firm also underscored its consistent cash generation, with cash conversion for the current year expected to land at the higher end of its previously guided range of eighty-five to ninety-five percent.
Softcat noted that it remains highly cash generative, with its financial position strengthening further as it benefits from expanding demand for IT solutions.
