Tag: cash
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OVHcloud eyes faster 2027 growth as it posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud reported its first positive levered free cash flow since its 2021 listing on Tuesday, as its revenue grew 7.2 per cent to €1.15 billion ($1.29 billion) in the financial year through August.The milestone means OVHcloud now covers its heavy capital spending from its ow
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OVHcloud meets 2026 targets, posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud said on Tuesday its revenue rose 7.2 per cent to €1.15 billion ($1.29 billion) in the year to August 31, and that it posted its first positive levered free cash flow since its 2021 listing. The milestone means the French group now covers its heavy capital spending fr
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Why cash continues to thrive even as India’s digital payments grow
Digital payments are booming, yet cash remains deeply embedded in the economy in India, central bank data shows.
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Oracle to spend $700 million more on restructuring costs as it ramps up AI spending
Sept 11 : Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for artificial intelligence services.In a regulatory filing on Friday, Oracle said the increase, di
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Oracle rises as AI-fueled backlog growth deflects spending worries
Sept 11 : Oracle’s shares gained 3 per cent in early trading on Friday after a $26 billion jump in revenue backlog eased some concerns around its massive debt-driven spending spree, but analysts said the company’s cash flow recovery is still a long way off.Roughly half of the $664 billion in its back
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Oracle tops estimates as AI demand tempers cash-burn fears
Sept 10 : Oracle topped Wall Street estimates for quarterly results on Thursday and reported a smaller cash burn than expected, offering investors confidence that its AI investments were generating returns without squeezing its balance sheet.Shares of the company, which have slumped more than 21 per cent this
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Trump gave $45,000 cash gifts to Natalie Harp and two other aides, public records show
The White House has described the $45,000 cash gifts to Natalie Harp and three others as personal – and legal.
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WhatsApp group chat used to send millions in cash, funding crime and extremism
The WhatsApp money launderers arranged cash transfers in the UK and around the world with no paper trail.
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Strategy earmarks $1.6 billion cash pool for treasury operations, buybacks
Aug 24 : Michael Saylor’s Strategy set aside about $1.6 billion in cash to fund future treasury operations, including potential bitcoin purchases and share buybacks, the company disclosed in a regulatory filing on Monday.The world’s largest corporate buyer of bitcoin dubbed the liquidity pool “USD Cash,” whic
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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