Tag: revenue
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How inflation undermines Nigeria’s sugar tax
Nigeria’s sugary drinks tax was meant to stop rising diabetes rates, but soaring inflation has eroded its impact. Experts say the levy is too small to change behavior and urge higher rates and reforms.
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Data center provider Csquare reports revenue rise in US IPO filing
June 16 : Data center provider Csquare on Tuesday revealed a rise in annual and quarterly revenue in its filing for an initial public offering in the U.S. Activity in the U.S. IPO market has seen a rebound as several sectors seek to capitalize on the investor enthusiasm for fresh stocks, with many companies s
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Musk says SpaceX could bring $1 trillion in revenue by 2030
June 15 : Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. “And I would be surprised if revenue is not greater than $1T in 2031,” he wrote on…
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Adobe raises annual revenue forecast, CFO to exit
June 11 : Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools, and announced the departure of CFO Dan Durn, only three months after the Photoshop maker’s CEO said he would step down. Shares of the company fell around 6 per cent in extended trading. The com
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Oracle beats fourth-quarter revenue estimates amid AI spending worries
June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand.Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 bi
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EV maker VinFast’s quarterly revenue rises on strong Southeast Asia demand
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia.The company’s quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue of 16.31 trillion do
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EV maker VinFast reports rise in quarterly revenue
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia. The company’s quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue of 16.31 tri
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ITG reveals revenue rise in US IPO filing as listings market heat up
June 5 : Digital infrastructure services startup ITG reported a rise in quarterly and annual revenue in its filing to go public in the U.S. on Friday, as a host of companies line up to tap the public markets. A rebound in activity in the U.S. initial public offering market has made boardrooms eager to…
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Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040, WSJ reports
June 5 : Morgan Stanley is projecting that SpaceX’s revenue could reach $3.4 trillion in 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter.The Wall Street giant is anticipating that revenue from SpaceX’s AI business will dramatically grow in the coming years, the report
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Goldman Sachs expects SpaceX’s AI revenue to surge 100-fold by 2030, FT reports
June 4 : Goldman Sachs expects revenue from SpaceX’s AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank’s forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX’s total revenue to rea
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