Sprinklr Earnings, Revenue Top Estimates Sending Shares Up
Sprinklr's fourth-quarter earnings and revenue beat estimates with a 100% increase in earnings and 18% climb in revenue.
Analysts had mixed reactions to Sprinklr's stock outlook, with the company's profit and revenue predictions falling slightly below expectations. [ more ]
Amazon's revenue for the first quarter rose by 13% and its diluted earnings tripled, beating estimates. Its core businesses are growing, including the North American, international segments, and AWS. [ more ]
AWS has implemented a new charge for public IPv4 addresses used by customers, which is estimated to generate an extra annual revenue ranging between $400 million and $1 billion.
The new charge applies to all AWS regions and services, including EC2 instances, RDS databases, and EKS nodes.
Developers have expressed concerns and emphasized the financial implications associated with this change. [ more ]
AWS secures 894m in cloud spend across three contracts with UK government on same day | Computer Weekly
AWS has signed three multi-million pound government contracts that went live in December 2023, potentially bringing in more revenue than its participation in the G-Cloud procurement framework over the past decade.
The contracts, valued at a total of £894m, were arranged via the government's G-Cloud procurement framework and provide committed spend discounts on AWS services.
The fact that these contracts were awarded through G-Cloud just days after the launch of the £1.35bn Cloud Compute 2 framework raises questions about the government's hyperscale-focused approach. [ more ]
Lightbend closes FY24 with record growth | @lightbend
Lightbend achieved record growth in the past year, adding over 50 new blue chip customers and experiencing a 50% increase in Annual Recurring Revenue (ARR). Open source adoption also increased significantly.
Lightbend turned operationally cash flow positive for the first time and released Kalix, the first step towards becoming a cloud company, simplifying the development of low-latency, event-driven applications on a PaaS. [ more ]
Reach: Mirror, Star and Express publisher warns of print and digital ad revenue drop
Reach, the London-listed publisher, reported declining profit and revenue due to the struggle in print and digital advertising.
Revenue declined by 5.4% to £568.6m, with print revenue at £438.8m down 2% and digital revenue dropping 15%. The company highlighted the sector-wide decline in referral traffic affecting online advertising. [ more ]
Snap shares see biggest drop in a year after holiday sales disappoint
Snap Inc. reported lower-than-projected revenue over the holiday season, disappointing investors. Its revenue rose 5% in Q4 but was flat for the full year.
Snap is undergoing a broad restructuring, including job cuts and ending non-revenue-generating projects. It projected a loss in adjusted earnings for the current period, larger than expected. [ more ]
Ford Motor reported a loss of $526 million in the final quarter of 2023, mainly due to special charges related to pension programs and overseas operations.
The company's revenue for the fourth quarter increased to $46 billion, thanks to strong sales of internal-combustion vehicles and light commercial trucks. [ more ]
Meta Reports Profits More Than Tripled and Issues Its First Dividend
Meta reported a 25 percent increase in quarterly revenue and a tripled profit, driven by its ads business.
Meta plans to issue its first dividend and authorized $50 billion in share buybacks, while making heavy investments in capital infrastructure. [ more ]
2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
Two BigLaw firms, Troutman Pepper Hamilton Sanders and Locke Lord, are in merger talks to create a potential top 50 revenue firm with over 1,600 lawyers. [ more ]
Seed funding: Everything founders should know about fundraising, seed rounds and more for 2024 | TechCrunch
Seed funding climate is tougher now compared to a couple of years ago, but it's still a good time for entrepreneurs to raise a seed round.
Investors are expecting more from seed-stage startups in terms of market fit and revenue, partly due to the influx of capital during the COVID era. [ more ]
Palworld has hit 19 million players, becoming the biggest 3rd party Game Pass game ever, and sold at least 12 million copies
Palworld, the game described as Pokemon with guns, has reached major milestones, surpassing 19 million players across Steam and Xbox in just under 2 weeks.
Palworld has generated around $335.88 million in revenue from Steam, despite its budget of $6.78 million. [ more ]
Tech News Now: 'The Messi of AI' reports, Tesla struggles continue, and more
Palantir's stock rose nearly 20% in after-hours trading following its better-than-expected Q4 earnings report.
Palantir expects to see at least $2.6 billion in revenue in 2024, and Wedbush's Dan Ives raised his price target to $30 citing the company as an AI revolution gem. [ more ]
Samsung pins hopes on AI to return to growth this year
Samsung Electronics reports lower revenue and operating profit in Q4 2019, but expects an uptick in demand for memory sales driven by generative AI.
Samsung concentrated on higher margin components including HBM, DDR5, LPDDR5X, UFS 4.0 to turn a profit in the DRAM product line during the quarter. [ more ]
Drinking experiences on cruise ships have improved, with access to high-quality and rare beverages at little to no markup.
Cruise lines are increasing their revenue by offering expertly curated wine and drink programs, often updated to match the itinerary of a cruise. [ more ]
HealthSouth redevelopment scenarios spell out options for affordable housing downtown - Austin Monitor
The Housing Department has presented City Council with four scenarios for redevelopment of the former HealthSouth site in downtown Austin.
One of the scenarios, called the hybrid development, is projected to yield the most affordable units and generate $51 million in net revenue for the city to fund more affordable housing units elsewhere.
Another scenario, called the downtown density bonus, could generate over $300 million in revenue for purely market-rate housing, which could fund over 1,500 affordable units in future developments. [ more ]
Social media CEOs won't stop their products from harming kids until they're forced to
CEOs of social media companies testified before the Senate Judiciary Committee on child safety measures, but their actions were questioned.
The amount of money allocated to child safety efforts by these companies was relatively small compared to their overall revenue and other expenditures. [ more ]
Netflix's Ads Business Is Driving Subs But Not Material Revenue (Yet) | AdExchanger
Netflix finished 2023 with a 12.5% jump in revenue year-over-year thanks to subscriber growth.
Netflix's ad-supported plan is helping boost subscription growth, in part because the platform kicked more moochers off shared accounts throughout the course of last year. [ more ]
Newcastle losing 200,000-a-day as record-breaking news emerges
Despite losing £200,000 a day, Newcastle United's financial situation is as expected due to progress in cup matches and new commercial deals.
Despite an overall loss of £73.4 million, Newcastle's club-record revenue of £250 million aligns with their top-four finish in the Premier League. [ more ]
Tube fares could get 'dynamic pricing' - here's what that actually means for travelling around London
TfL is considering introducing a 'dynamic pricing' fare system based on post-pandemic commuter patterns.
The new pricing system could involve surge pricing on select days and raising ticket prices on midweek days that are popular for working from the office. [ more ]
Tube fares could get 'dynamic pricing' - here's what that actually means for travelling around London
TfL is considering introducing a 'dynamic pricing' fare system based on post-pandemic commuter patterns.
The new pricing system could involve surge pricing on select days and raising ticket prices on midweek days that are popular for working from the office. [ more ]
Tube fares could get 'dynamic pricing' - here's what that actually means for travelling around London
TfL is considering introducing a 'dynamic pricing' fare system based on post-pandemic commuter patterns.
The new pricing system could involve surge pricing on select days and raising ticket prices on midweek days that are popular for working from the office. [ more ]