profitability

The share price of social media company Reddit was up nearly 50% on the New York Stock Exchange Thursday in a stellar market debut that has given hope to the companies gearing up to go public.Shares of the San Francisco-based company debuted at $47 on the New York Stock Exchange on Thursday, up from the IPO pricing of $34, the top of the company's indicated price range. The stock closed at $50.44.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit.The German luxury automaker said it expects an operating return on sales of between 15% and 17% in 2024, down from the 18% margin notched in 2023 and 2022. In the long term, the group targets an operating return on sales of more…

For the average, but loyal, Mumbai investor, there’s little to tell one tech frontliner from another – barring size, of course. More often than otherwise, the largest in global outsourcing advance and retreat in lockstep and feature prominently in the core portfolios of Indian investors – institutional and DIY alike.Over the past two years, however, the typical military precision in coordinated stock movement for this cohort is conspicuously absent. Among the Big Five, Tata Consultancy Services (TCS) and HCLTech have…

Paramount is anticipating being profitable on streaming by the end of 2025, company leadership told investors Wednesday. As part of a report to investors on fourth-quarter earnings from last year, the company said it had reached 67.5 million subscribers on Paramount+ after netting 4.1 million in the fourth quarter of 2023. Subscription revenue grew 43 percent, Paramount said, attributing the increase to new subscriber growth and pricing increases for its direct-to-consumer streamer Paramount+.…

After billions of dollars have been invested to ensure that every second is shaved off from the delivery timelines, questions are being raised over whether the sector can continue to bleed cash or will it have to make a hard shift toward ensuring a return to ensure long-term viability. Efforts to make commerce quick has seen spends on areas ranging from data science and technology to customer acquisition and retention. Companies are of the view that growth in the number of orders and subsequently their topline is what…

Southeast Asian ride-hailing and delivery specialist Grab Holdings thinks the path to growth lies in building new products and honing efficiencies, CFO Peter Oey said in an interview. Southeast Asian ride-hailing and delivery specialist Grab Holdings thinks the path to growth lies in building new products and honing efficiencies, CFO Peter Oey said in an interview. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media.…

Dara Khosrowshahi, who took over as the chief executive of Uber Technologies in 2017 when the San Francisco-based mobility company was traversing its most controversial period, is now being hailed as tech’s newest turnaround chief. The Iran-born executive, who replaced Uber’s go-for-broke founder Travis Kalanick, has steered the company to profitability in a business which most experts thought would never make money. In a wide-ranging interview with ET’s Pranav Mukul, Samidha Sharma and Surabhi Agarwal, Khosrowshahi, who…

Merchant-focused payments provider, Razorpay, which was recently allowed to start onboarding new merchants, is internally targeting to turn profitable across all business lines in the next two years and eying a domestic listing post that, its cofounder & chief executive Harshil Mathur told ET. To be sure, its online payments business which contributes to 75% of its overall topline is currently breakeven and not losing any money. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Arm Holdings Plc is extending a big rally in the wake of last week’s blockbuster earnings report that showed artificial intelligence spending is bolstering sales. The chip designer’s shares soared as much as 42% on Monday on volume that was more than six times the average over the past three months. The advance briefly pushed the stock’s gains to more than 100% in the three trading sessions since Arm’s results were released after markets closed on Feb. 7. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of "Mean Girls."ParamountParamount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first.As the media company and its rivals try to claw their way to higher profits, the strategy could gain traction."Smile," a horror film with a $17 million budget, was supposed to go straight to Paramount+ in 2022, but strong results from test screenings brought the…