Posts filtered by tags: Earnings[x]


 

Salesforce beats growth expectations, as investors digest the Slack acquisition

Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The CRM giant reported top-line revenue of $5.42 billion, up 20% from the year-ago period. Salesforce also had net income of $1.08 billion and earnings per share of $1.15. Analysts had expected the company to earn $0.75 per share, off of revenues of $5.25 billion, according to Yahoo Finance. Shares of Salesforce were off after-hours, falling around 3.6% at the time o...
Tags: TC, Enterprise, Tech, Earnings, Salesforce, Slack, Slack Technologies Inc, Yahoo Finance Shares of Salesforce, Acumen Solutions Inc


Zoom’s revenues outside the Americas grew 629% YoY

Video-conferencing company Zoom Video Communications Inc. did not disclose the total number of customers using its platform, but said that around 433,700 organisations with over 10 employees were using its service as of September 2020, growing by 485% YoY. This segment alone made up 62% of revenue. This growth in the user base was higher than the 355% YoY growth reported in the previous quarter. The company has 1,289 customers contributing over $100,000 in revenue, trailing 12 months, up by 136%...
Tags: Travel, Video, News, India, Americas, Earnings, Rakuten, Zoom, Kelly Steckelberg, Research Development, Eric Yuan, Steckelberg, Zoom Video Communications Inc, EMEA Europe Middle East Africa, Iravati Damle, Earnings Sept-20


HT Media clocks digital revenue of ₹21 crore: Q2FY21

HT Media’s digital revenue stood at ₹21.28 crore for the quarter ended September 30, 2020, reflecting a 2.4% YoY increase and a 6.9% QoQ increase. However, the segment practically broke even, with losses amounting to just ₹14,000 in the quarter, compared to ₹3.94 crore in the same quarter last year. Losses have also fallen dramatically month-on-month from ₹3.8 crore in the previous quarter. The financial results were disclosed on November 27.  The company’s consolidated operational revenues f...
Tags: Travel, News, Earnings, Shine, HT Media, VCCircle, Earnings Sept-20, Mosaic Media Ventures Pvt Ltd, VCCirle HT Media


Flipkart, PhonePe MAUs reached all-time high in Q3, Walmart reveals

Flipkart and PhonePe had all-time high monthly active customers during the July-September quarter, Walmart revealed during its earnings call on November 17. Flipkart also led international net sales for Walmart that owns a majority of the e-commerce platform. Walmart’s international net sales grew by 1.3% YoY to $29.6 billion. If changes in currency rates are not taken into account, the net sales would have been $30.6 billion, up 5% YoY led by Flipkart, Canada and Walmex (the Mexican and Central...
Tags: Travel, UK, News, Mexico, Walmart, Canada, Earnings, Briggs, Flipkart, Cfo, India Flipkart, Walmart International, Ninjacart, Walmex, Phonepe, Mech Mocha


Home Depot's $300 giant skeleton helped drive record sales and was so popular that it sold out before October

Home Depot's 12-foot skeleton cost $300 and sold out rapidly. Home Depot Home Deport has seen record sales numbers as the pandemic has kept customers home and led to a surge in home improvement projects.  The company's latest quarter was particularly big, and few items symbolize that success better than the wildly popular 12-foot skeleton: Executives say it sold out before October even started, despite a $300 price tag. "Halloween was the strongest event we've ever had," Home Depot exe...
Tags: Home Depot, Halloween, News, Sales, Trends, Customers, Retail, Earnings, Big Box, Ben Gilbert, Giant Skeleton, Halloween 2020, Bones Halloween


Jefferies outlines the overlooked measure of corporate profitability that's pointing towards bigger stock gains ahead

Spencer Platt/Getty Images Jefferies says profit margins are indicating at least one extra quarter of improvement is ahead for stocks.The "shock drop" in margins in the second quarter is rebounding just as quickly as the third quarter earnings did, the bank's equity strategist said. He added that the lack of a blue wave election outcome and subsequent tax hikes will allow corporations to reinvest more, raising profits and pushing Jefferies to a "bullish outlook for 2H21." Visit Business In...
Tags: Trends, Markets, Earnings, Stocks, Profits, Stock Market, Goldman, Jefferies, Darby, Sean Darby, Margins, Profit Margins, Stock Market Outlook, Stock Market Analysis, Stock Market Forecast, Emily Graffeo


Subscription video a bright spot for Disney as physical business verticals struggle

Disney+ has amassed 73.7 million subscribers, vastly exceeding its initial expectations. This growth came as theme parks, rides, and cruise businesses suffered enormously for the company, which posted its first annual loss in 40 years. The company re-structured recently with a focus on streaming, and that seems to be paying off. Around three-fourths of Disney+ subscribers pay the company an average of US$5.30, the Walt Disney Company’s CFO Christine McCarthy said in an earnings call. Over 18 mi...
Tags: Travel, News, India, Disney, US, Earnings, Walt Disney Company, Espn, Mulan, Hulu, Mccarthy, Hotstar, Star India, Bob Chapek, Uday Shankar, Chapek


Convenience fees drove IRCTC’s Q2 ticketing revenue

For the quarter ended September 30, IRCTC Ltd.’s operational revenue from internet ticketing predictably fell, halving over the previous year to ₹58.29 crore. However, internet ticketing revenue increased over the previous quarter by 66%.  Internet ticketing is a crucial segment for the company; it made up 27% of its FY20 operational revenue, just behind catering, which accounted for 45%. In the period, o ver 8.25 lakh tickets were booked daily on the IRCTC website and app, covering almost ...
Tags: Travel, News, Earnings, Indian Railways, Ac, Ministry of Railways, National Disaster Response Force, IPI, IRCTC, Rail Neer, IRCTC Ltd, Mahendra Pratap Mall, Earnings Oct-20, Rajdhani Shatabdi Vande Bharat, Rail Madad IRCTC


NDTV’s digital arm records 31% YoY revenue growth

NDTV Convergence, the group’s digital arm, improved its revenues by 31% YoY in the September 2020 quarter. It’s EBITDA also improved by 31%. In the previous quarter (Q1 FY21), the group had termed NDTV Convergence “a market leader with huge traffic on account of its credible reporting of the pandemic”. In its annual report for FY20, the company had noted that NDTV Convergence had recorded its best revenue ever. The NDTV group reported a net profit of ₹17.6 crore in the September quarter,  a huge...
Tags: Travel, News, Earnings, EBITDA, NDTV, NDTV Convergence, Earnings Oct-20, NDTV Limited, NDTV Ltd, NDTV Consolidated


Infibeam Avenues’ net-profit falls 65% YoY despite rebound in payments

Infibeam Avenues Ltd’s payments business grew by 56% over the past year processing ₹22,780 crore worth of transactions in Q2FY21, compared to ₹14,560 crore in Q2FY20. The full-stack online digital payments and enterprise software company witnessed a “V-shaped recovery” between April and September this year. However, despite the growth in its payments business, Infibeam posted a net profit of ₹9 crore in Q2FY21, down by 65% YoY. On a consolidated basis, the company’s operating revenue was down by...
Tags: Travel, News, Oman, Earnings, Reserve Bank of India, Reliance Industries, ICICI Bank, Digital Payments, Infibeam, Vishal Mehta, CCAvenue, Infibeam Avenues, Jio Platforms Ltd, Earnings Sept-20, Infibeam Avenues Ltd, JPMorgan Chase Bank India


Naukri, 99acres see recovery in traffic and billings: InfoEdge Q2

Info Edge (India) Ltd. saw recovery across segments with traffic returning to Naukri and 99acres, its recruitment and real estate platforms, in the quarter ended September 30. Traffic returned to pre-COVID levels on both platforms. Naukri billings were back to 80% in the quarter. Billing: ₹249.5 crore, down by 17% YoY Revenue: ₹256.1 crore, down by 19.1%  Naukri Traffic returned to pre-Covid levels in Q2, witnessing a “solid recovery” in collections, from a 48% decline in corporate collec...
Tags: Travel, News, India, Healthcare, Earnings, Zomato, Bangalore, Oberoi, Sanjeev Bikhchandani, 99acres, Jeevansathi, Shiksha, Naukri, Hitesh Oberoi, Byju, Info Edge


Digital platforms helped banks source fresh business during the pandemic

During the COVID-19 pandemic, the country’s top banks sourced a substantial amount of fresh business, in terms of new deposit accounts and loans, through their digital channels. We have compiled data from four private banks— Kotak Mahindra Bank, Axis Bank, ICICI Bank and RBL Bank — and from State Bank of India to understand how their respective digital channels have aided their growth in the deposit and lending business. Although several private and public sector banks that alluded to witnessing...
Tags: Travel, News, Earnings, Internet Banking, Digital Banking, Axis Bank, Cross, SBI, Kumar, State Bank of India, ICICI Bank, Kotak Mahindra Bank, Kotak, State Bank of India SBI, RBL Bank, Rajnish Kumar


Info Edge billings down 17% YoY, improve over previous quarter

Info Edge (India) Ltd.’s billing stood at ₹249.5 crore, down by 17% YoY. Revenue fell 19.1% YoY to ₹256.1 crore. “We are pleased to see gradual recovery of billings across all businesses. The QoQ billings have grown by 32.3%,” chief financial officer Chintan Thakkar said in a statement. Info Edge runs jobs portal Naukri, real estate portal 99acres, matrimony portal Jeevansathi, and is also an early investor in Zomato. Financial Snapshot Billing: ₹249.5 crore, up by 32.2% QoQ, down by 17% YoY Ne...
Tags: Travel, News, Earnings, Zomato, 99acres, Jeevansathi, Naukri, Chintan Thakkar, Info Edge, Info Edge (Naukri, Info Edge India Ltd, Earnings Oct-20


Lyft's business is slowly recovering, but sales are still half of what they were last year

Gene J. Puskar/AP Lyft on Tuesday released the financial results of its third quarter.  During the three-month period, Lyft lost $459.5 million on revenues of $499.7 million.  The total number of active riders dropped 44% year over year, but was up 44% compared with the second quarter.  Visit Business Insider's homepage for more stories. Lyft is still feeling the pandemic's severe impact on the ride-hailing industry, but its third-quarter results show signs of a recovery from the previous...
Tags: Transportation, Lyft, News, California, San Francisco, Trends, Markets, Earnings, Ridesharing, Logan Green, John Zimmer, Gene J Puskar, Tech Insider, CATHY BUSSEWITZ, BITranspo, Business News Desk


Lyft sees ride revenues recover by nearly 50% in just three months

Shares of Lyft are riding high, popping more than 7% in after-hours trading today after the American ride-hailing giant reported its Q3 earnings. Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in third-quarter, a 48% drop from the $955.6 million in same year-ago period. That lackluster result is still a 47% improvement over last quarter when Lyft reported $339.3 million in revenue. That’s good? Investors were heartened by the improvement and Lyft’s abilit...
Tags: TC, Lyft, Uber, Tech, Green, Automotive, Earnings, Logan Green, Uber Lyft, COVID


Digital banking roundup Q2: COVID-19 pushes digital engagement on customers

The COVID-19 pandemic has encouraged banking customers to turn towards internet and mobile banking platforms to conduct daily transactions instead of relying on cash. We have compiled the digital banking numbers from the July to September period for four private banks — IDBI Bank, Axis Bank, ICICI Bank and Yes Bank — and for two public sector banks — State Bank of India and Punjab National Bank—  to understand the growth in digital payments and digital interactions for banking services. For seve...
Tags: Travel, News, Digital, Earnings, UPI, Digital Banking, Axis Bank, SBI, State Bank of India, ICICI Bank, Digital Payments, Punjab National Bank, Yes Bank, Rakesh Jha, Punjab National Bank PNB, SBI Cards and Payment Services


ALT Balaji revenues dip slightly as pandemic effect wears off, ARPU at ₹140–150 annually

ALT Balaji has an ARPU of around ₹140–150, Balaji Telefilms said in a presentation to investors. “Direct subscription revenue witnessed marginal de-growth as the country slowly opens up and customers returning back to work and social commitments,” the company said. ALT Balaji appears to have received ₹12.2 crore in subscriber revenue, from around 8,28,000 users (the company said it added an average of 9,000 new users per day in the quarter). This is lower than previous quarter’s ₹12.9 crore in s...
Tags: Travel, News, Netflix, Earnings, Balaji Telefilms, ALT Balaji, Earnings Oct-20


‘Takes decades to build a strong B2B platform’: IndiaMART CEO on Justdial competition

“Justdial has historically been a good company in the telephone-based directory market. However, B2B markets experience strong network effects — it’s not a one or two quarter game, and it takes decades to build a strong B2B platform,” said Dinesh Agarwal, CEO and MD of B2B marketplace IndiaMART. Agarwal was responding to an investor’s query during a call with investors on Tuesday to discuss the company’s Q2 performance, about how IndiaMART viewed Justdial launching its own B2B marketplace — JD M...
Tags: Travel, News, Digital, E-commerce, Earnings, Agarwal, JustDial, Dinesh Agarwal, Indiamart, Earnings Oct-20, JD Mart


Shemaroo’s digital biz revenue fell 30% since April, traditional biz revenue fell 62%

In the post-Covid period, Shemaroo Entertainment Ltd’s revenue for the first half of this fiscal year, between April to September, fell by half or 50.4% compared to the first half of the previous year. However, the traditional business was hit harder, with revenue for the same period falling 61.6% over the previous year, while the company’s digital media business fell by 30% over last year. In Q2FY21 (July-September), digital media revenue stood at ₹38.7 crore, down by nearly 30% YoY, while trad...
Tags: Travel, News, Indonesia, Youtube, Earnings, Streaming, Shemaroo, ShemarooMe, Earnings Oct-20, Shemaroo Entertainment Ltd, ShemarooMe Box Office, B2C Broadcasting, Shemaroo TV


Shemaroo’s YouTube channels make up 40-60% of digital revenue: CEO Hiren Gada 

“YouTube is now probably in the range of 40-60% of the digital revenue and telecom is about 10%, the rest [of the digital revenue] is a combination of syndication and ShemarooMe,” Hiren Gada, CEO and CFO of Shemaroo Entertainment Ltd. said on an investor call on Tuesday.  “Overall YouTube at some point used to be 25%, it has gone up now. Telecom, which used to be upwards of 50%, has now gone down to 25%. In fact, this quarter it’s actually 10% of the total, because telecom has got a severe be...
Tags: Travel, News, Indonesia, Youtube, Digital, GADA, Earnings, Streaming, Ipl, Gara, Shemaroo, COVID, ShemarooMe, Earnings Oct-20, Shemaroo Entertainment Ltd, ShemarooMe Box Office


EXp World Holdings doubles sales in record-setting third quarter

The rapidly growing company reported a 100 percent increase in revenue year over year in the third quarter of 2020 as the housing market continued to rage.
Tags: Radio, Earnings, Industry News, Brokerage, Select, Exp Realty, Glenn Sanford, Exp World Holdings, Jeff Whiteside


ViacomCBS to Shutter Niche Streaming Services to Focus on Paramount Plus

Amid some skepticism from Wall Street, ViacomCBS executives spent most of the company’s third-quarter earnings call hawking its streaming capabilities and selling the investment community on Pluto TV, the rebranded Paramount Plus and its broader direct-to-consumer strategy. The company, which is coming up on its first-year anniversary of the merger between Viacom and CBS, also […]
Tags: News, Earnings, Cbs, Viacom, BOB BAKISH, Pluto.TV, Paramount Plus, ViacomCBS


Uber’s food delivery business zooms ahead of mobility segment

COVID-19 continues to trouble Uber’s balance sheet. The company’s mobility business struggled due to lockdown restrictions in various parts of the globe. At the same time, its delivery business grew at a rapid pace, thanks to changing consumer habits. The company recorded a net loss of $1.1 billion in Q3 2020, slightly lower than the $1.2 billion it recorded in Q3 2019. While gross bookings are on an upwards trajectory, the figure for Q2 was still 50% lower than the same quarter last year. At th...
Tags: Travel, Uber, Japan, UK, New York, London, News, California, France, India, New York City, US, Taiwan, United States, United Kingdom, Earnings


ViacomCBS Streaming Subscribers Hit 17.9 Million, Pluto TV Reaches 28.4 Million Users

ViacomCBS released solid third-quarter earnings on Friday that showed signs of improvement in advertising sales and affiliate revenue as well as strong growth in its streaming operations. Paid subscribers for CBS All Access and Showtime standalone streaming services have climbed to 17.9 million, up from the 13.5 million subs disclosed earlier this year. The company […]
Tags: News, Showtime, Earnings, Cbs, ViacomCBS


Corporate travel is expected to permanently reduce by 10–12%: Yatra CEO

Corporate travel is expected to permanently reduce by 10–20% as companies move to video conferencing for internal meetings, but business development trips will not be scaled back, Dhruv Shringi, CEO and co-founder of Yatra Online, Inc. said during the company’s Q2FY21 earnings call on November 5. “They may not reach pre-COVID levels due to reduction in travel for internal reasons,” he said. While per-customer travel spend may go down by about 10–20% depending on the nature of the customer, the p...
Tags: Travel, News, India, Earnings, Nyse, Ebix, Yatra, Securities and Exchange Commission SEC, Yatra Online Inc, COVID, Earnings Oct-20, Dhruv Shringi, Shringi, Manish Hemrajani, Hemrajani, Ebix Shringi


Uber delivers a miss in third-quarter earnings as it slowly recovers from the pandemic

Uber CEO Dara Khosrowshahi speaks at an event hosted by the Economic Club of Washington D.C. Saul Loeb/AFP via Getty Images Uber on Thursday released financial results of its third quarter.  For the three months ended July 31, Uber lost more than $1 billion on revenues of $3.13 billion. Shares of the company fell in late trading following the release.  Visit Business Insider's homepage for more stories. Uber's pandemic recovery isn't happening as quickly as investors would like.The ride-ha...
Tags: Transportation, Uber, News, California, Washington, Trends, Markets, Bloomberg, Rome, Earnings, Wedbush, Economic Club, Dara Khosrowshahi, Saul Loeb, Ride-hailing, Graham Rapier


Redfin reports strong earnings, surging demand for housing

The online brokerage raked in raked in $237 million in revenue during the third quarter of this year, beating analyst expectations.
Tags: Wall Street, Radio, Earnings, Redfin, Glenn Kelman, Industry News, Markets & Economy, Brokerage, Select, Pandemic, Coronavirus, COVID-19, Coronavirus Pandemic


Riding hot market, Zillow posts first profitable quarter in 3 years

Zillow beat expectations, posting $657 million in revenue in the third quarter of 2020 and a net income of $40 million.
Tags: Markets & Economy, Select, Technology, Earnings, Ibuyer, Millennial, Rich Barton, Zillow, Zillow Group, Zillow Offers


Alibaba passes IBM in cloud infrastructure market with over $2B in revenue

When Alibaba entered the cloud infrastructure market in earnest in 2015 it had ambitious goals, and it has been growing steadily. Today, the Chinese ecommerce giant announced quarterly cloud revenue of $2.194 billion. With that number, it has passed IBM’s $1.65 billion revenue result (according to Synergy Research market share numbers), a significant milestone. But while $2 billion is a large figure, it’s one worth keeping in perspective. For example, Amazon announced $11.6 billion in cloud infr...
Tags: Google, Amazon, TC, Cloud, Enterprise, Microsoft, China, Tech, Alibaba, Earnings, Ibm, Alibaba Group, Zhang, Google Cloud, Synergy Research, Daniel Zhang


Discovery Sees Q3 Profit Rise Despite Slump in Ad Revenue

Discovery said third-quarter profit increased despite a slump in ad revenue at both its U.S. and international operations, as the company enjoyed a tax benefit and relied on cost-cutting maneuvers to navigate through conditions caused by the coronavirus pandemic. The owner of the TLC, Food Network, HGTV and Discovery cable outlets said revenue fell 4% […]
Tags: News, Discovery, Earnings, David Zaslav, TLC Food Network HGTV