CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024.
Manuel Orbegozo | Reuters
Apple shareholders on Tuesday rejected a request to abolish its Inclusion & Diversity program, signaling that investors still see value in the company’s diversity programs.
The proposal, submitted by the National Center for Public Policy Research, was voted down at Apple’s annual shareholder meeting.
The proposal pushed Apple to cease its diversity, equity and inclusion, or DEI, and it cited CNBC reporting that found companies such as Alphabet, Meta, Microsoft and Zoom were rolling back their diversity programs. It requested that Apple get rid of its program, policies, department and goals, arguing that diversity programs may discriminate and that the compliance risk threatens Apple’s bottom line.
“The risks to Apple stemming from continuing to push these divisive and value-destroying agendas is only increasing in light of President Trump’s recent executive order focusing the Department of Justice on rooting out illegal discrimination being carried out in the name of DEI,” NCPPR Executive Director Stephen Padfield said at the meeting. “The vibe shift is clear. DEI is out, and merit is in.”
Apple opposed the measure, saying it’s already compliant with employment laws and that the proposal inappropriately seeks to micromanage the company’s programs.
“Our strength has always come from hiring the very best people and then providing a culture of collaboration, one where people with diverse backgrounds and perspectives come together to innovate and create something magical for our users,” Apple CEO Tim Cook said.
Despite opposing the measure, Cook did warn that the legal landscape around diversity issues may force Apple to make changes.
Even before President Donald Trump was elected in November, diversity programs have been scaled back across the corporate world. A key driver was a 2023 Supreme Court ruling that found affirmative action in college admissions was unconstitutional.
Apple has inclusion programs ranging from internal support groups, features for people with disabilities and research efforts to ensure company products and services don’t display racial bias, according to the company’s website.
Nearly two-thirds of the company’s workforce is male, and 35% is female, according to the company’s website, which cites figures from 2022. The website also states that 42% of employees are white, and 30% are Asian.
Others proposals
Apple shareholders also shot down outside proposals to create reports on the company’s ethical AI data usage, the costs and benefits of different approaches to fight child exploitation and charitable giving.
Investors also shot down a proposal from the National Legal and Policy Center that focused on its OpenAI partnership. It suggested that Apple’s deal with OpenAI may contradict its focus on privacy, and urged the company to prepare a report about the risks of using private or unlicensed data to train artificial intelligence.
The company opposed the proposal, saying it already provides information about its AI data privacy practices.
Shareholders did approve Apple’s slate for board of directors, its auditor and the company’s executive compensation in an advisory vote.
That included Cook’s annual compensation. He was paid $74.61 million in salary in 2024, stock awards and bonuses, up from $64.21 million in 2023. In documents provided to shareholders, Apple touted that its market cap had risen by over $3 trillion during Cook’s tenure.
At the meeting, Cook talked about a $500 billion earmark for U.S. spending announced on Monday that was hailed by Trump.
“The U.S. is our home, and we’re deeply committed to the country’s future,” he said.
Additionally, Cook said Apple is planning to increase its dividend annually and will update investors in May about the increase this year.
“We’ve also paid out more than $165 billion in dividends, including $15.3 billion in just the last four quarters,” Cook said.
For the third year in a row, CNBC is working with market research firm Statista to list the world’s top financial technology companies.
Including startups, scaleups and established tech players, the top global fintech list aims to assess companies using an objective, key performance indicator-based methodology.
You can find out more information on the research project and methodology by clicking here.
Woman using digital tablet and credit card to do shopping.
John Lamb | Digital Vision | Getty Images
Applications are now open for companies to register their information for consideration by Statista’s researchers. To qualify, a company must focus primarily on developing innovative, technology-based financial products and services.
This year, we’re also digging deeper into the research to name the standout companies operating in the U.K. — the largest fintech market in Europe, as measured by the amount of funding raised.
Applications from companies headquartered in the U.K. will — in addition to being considered for the global fintech list — also be considered for a separate list of the U.K.’s top fintech companies. Firms do not need to fill in a separate application to be considered for the U.K. ranking.
Last year, fintech startups in the U.K. raised $3.6 billion in venture capital, ranking second worldwide and first in Europe for funding, according to industry trade body Innovate Finance. The country is also home to Revolut, Europe’s biggest fintech unicorn with a $45 billion valuation.
How to apply
Companies can submit their information for consideration by clicking here. The form, hosted by Statista, includes questions about a company’s business model and certain key performance indicators, including revenue growth and employee headcount.
The deadline for submissions is April 25, 2025.
If you have any questions about the lists or need assistance filling out the form, please reach out to Statista: topfintechs@statista.com.
Successful companies will be listed in the category that most closely reflects their business model. This year, insurance technology will be included as a category in the global fintech list. The other categories are payments, neobanking, digital assets, alternative financing, wealth technology, and enterprise fintech.
You can check out last year’s list here, which included well-known brands such as Mastercard and China’s Ant Group, global unicorns such as Brazilian digital lender Nubank and buy now, pay later firm Klarna, as well as smaller disruptors including payments platform Primer and investing app Stash.
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024.
Annabelle Chih | Bloomberg | Getty Images
Super Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq’s listing deadline. Shares of the server maker popped 22% in extended trading after the filing.
“In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at June 30, 2024,” BDO, the company’s auditor, wrote in the filing, adding that the results are “in conformity with accounting principles generally accepted” in the U.S.
Super Micro filed updated and audited financials with the U.S. Securities and Exchange Commission for its fiscal 2024, ending in June, and the firsttwo quarters of the company’s fiscal 2025. The filing reduces any near-term possibility that the server maker could be delisted from the Nasdaq, an overhang that had weighed on Super Micro’s stock price.
“The Company has received correspondence from the Nasdaq staff that the Company has regained compliance with the filing requirements, and the matter is now closed,” Super Micro said in a press release.
Last year, after the company delayed its annual report, it lost its auditor, Ernst & Young, citing governance issues. Super Micro had until Tuesday to become current and file audited financials with the SEC.
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Super Micro said in a note from management as part of the filing that it had identified material weaknesses in internal controls over financial reporting, including IT issues, a lack of documentation over manual journal entries and insufficient controls to address segregation of staff duties. Super Micro said that it is hiring additional accounting and audit employees, as well as upgrading its IT systems.
Super Micro also said in Tuesday’s filing that a special committee of its Board overseeing its financial statements did not believe that EY’s resignation was “supported by the facts” examined by the committee.
In December, Super Micro said a review found “no evidence of misconduct.” At the same time, it removed its former chief financial officer, David Weigand. The company has not named a new CFO.
Still, the business has been growing rapidly because of soaring demand for Nvidia’s graphics processing units, or GPUs, which are used to develop artificial intelligence. Super Micro builds systems around Nvidia’s GPUs, and Elon Musk’s xAI is a customer.
According to the company’s updated and audited financials, Super Micro’s sales more than doubled in its fiscal 2024 to $14.99 billion.
Super Micro said it still faces risks related to its late financial reports, including litigation, reputational harm, and potentially lower credit ratings.
The stock has rebounded so far this year from a brutal last nine months of 2023. Before Tuesday’s postmarket surge, it was up 52% so far in 2025.
Carl Eschenbach, CEO of Workday, speaks on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.
Gerry Miller | CNBC
Workday, a maker of human resources and finance software, reported better-than-expected quarterly results on Tuesday. The shares popped more than 10% in extended trading.
Here’s how the company did in comparison with LSEG consensus:
Earnings per share: $1.92 adjusted vs. $1.78 expected
Revenue: $2.21 billion vs. $2.18 billion expected
Revenue increased 15% year over year in the quarter that ended on Jan. 31, according to a statement. Net income fell to $94 million, or 35 cents per share, from $1.19 billion, or $4.52 per share, in the same quarter a year earlier.
“The prior year period benefited from a $1.1 billion release of the valuation allowance related to U.S. federal and state deferred tax assets,” Workday said.
The company is seeing greater demand for artificial intelligence tools.
“In fact, AI is front and center in every conversation I have with customers, prospects and partners. They want to move beyond incremental productivity gains,” CEO Carl Eschenbach said on a conference call with analysts. “They’re also looking for ROI that helps them drive growth back into their business,” Eschenbach added.
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Around 30% of Workday’s expansions with existing clients drew on at least one AI product, in line with the previous quarter, Eschenbach said. Additional AI products will become available over the next year, he said.
The rise of the Department of Government Efficiency creates opportunity for Workday, which has focused more on federal sales over the past year and a half, Eschenbach said.
“The systems they have, specifically ERP, HCM, or financial systems, are very antiquated,” he said. “In fact, the majority of them are still on premises, which means they’re inefficient. And as we think about DOGE and what that could potentially do going forward, if you want to drive efficiency in the government, you have to upgrade your systems,” the CEO added.
After becoming Workday’s sole CEO last year, he said the company has hired Google Cloud executive Gerrit Kazmaier to be president of products and technology. Sayan Chakraborty, who currently holds that title, will retire after being at Workday for about a decade.
During the quarter, Workday announced the hiring of former UiPath CEO Rob Enslin as its new president and chief commercial officer. Workday also said it would use AI to summarize employee feedback in its Peakon product.
The company called for a 28% adjusted operating margin on $2.05 billion in subscription revenue for the fiscal first quarter. Analysts polled by StreetAccount had expected an adjusted margin of 26.7% and $2.06 billion in revenue.
For fiscal 2026, Workday now sees an adjusted margin of 28%, with $8.8 billion in subscription revenue, implying 14% growth. That is slightly higher than the forecast management gave in November.
As of Tuesday’s close, Workday shares were flat year over year, while the S&P 500 index was up 1%.