Germany’s Delivery Hero hikes 2023 revenue outlook, eyes investments
By Linda Pasquini and Anna Mackenzie (Reuters) – German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook and said it eyed growth investments, after it…
Telecom Italia’s quarterly core profit rises as domestic revenues edge up
By Elvira Pollina and Urvi Dugar (Reuters) – Telecom Italia (TIM) on Wednesday reported a 5.5% rise in its second-quarter core profit, helped by strong performance from its Brazilian unit…
SAP lowers FY cloud revenue forecast after slowing demand in Q2
By Anna Mackenzie and Andrey Sychev (Reuters) – Business software maker SAP on Thursday trimmed its full-year outlook for key cloud sales due to lower-than-anticipated transactional revenues in the second…
Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%
By Jahnavi Nidumolu and Krystal Hu (Reuters) – Twitter‘s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said…
Micron expects revenue impact following China ban
By Joyce Lee and Brenda Goh SEOUL/SHANGHAI (Reuters) – U.S.-based Micron Technology Inc on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban…
Capgemini posts weaker revenue growth in Q1
By Matteo Allievi and Victor Goury-Laffont (Reuters) – French IT consulting group Capgemini on Thursday reported a weaker revenue growth in the first quarter of 2023 versus the same period…
China’s Didi sees 2022 revenue hit by COVID, net loss narrows
By Albee Zhang and Brenda Goh BEIJING (Reuters) – Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns…
Infosys revenue growth to hit six-year low as client spending falls
By Sethuraman N R and Nishit Navin BENGALURU (Reuters) – Infosys Ltd on Thursday forecast revenue growth would hit a six-year low this fiscal as India’s No.2 IT services exporter…
Alibaba beats quarterly revenue estimates as COVID curbs ease
By Eva Mathews (Reuters) – Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, helped by its efforts to cut costs and China’s easing of COVID-19 curbs. The e-commerce…
Paramount to raise streaming prices as ad slump knocks revenue
By Eva Mathews and Helen Coster (Reuters) – Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on…