Tag: revenue
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Analysis:Why CoreWeave is in the crosshairs of the AI scare
LONDON/BENGALURU, Oct 16 : Loss-making and deeply indebted US cloud company CoreWeave became an easy target this week for investors concerned about an artificial intelligence bubble. Its selloff, though, has greater significance for markets than its size implies.The slump in the shares and bonds of the $39 bi
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Money transfer firm Wise raises revenue growth outlook as cross-border volumes jump
Oct 16 : Money transfer firm Wise said on Thursday it expects full-year revenue growth to come in at the upper end of its target range after strong customer growth and higher cross-border transaction volumes boosted second-quarter revenue. • Wise now expects fiscal 2027 net revenue growth near the upper
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India’s Tech Mahindra maintains fiscal 2027 margin target after large deals drive revenue beat
Oct 15 : India’s Tech Mahindra on Thursday maintained its fiscal 2027 operating margin target after beating expectations for second-quarter revenue, helped by a ramp-up in large deals across communications and other businesses.The IT services company said it remained on track to deliver a 15 per cent operatin
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India’s Wipro beats second-quarter revenue expectations, deal bookings drop
BENGALURU, Oct 15 : Wipro, India’s fourth-largest IT company, reported higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its European clients and artificial intelligence unlocking new revenue streams.The company’s consolidated revenue rose 9.1 per cent to 247.53 billi
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India’s Tech Mahindra second-quarter revenue beats estimate
Oct 15 : India’s Tech Mahindra on Thursday beat second-quarter revenue expectations, as steady growth in its manufacturing communication verticals and a weak rupee helped.Consolidated revenue rose 15.6 per cent to 161.80 billion rupees ($1.70 billion) year-on-year. Analysts, on average, expected revenue to co
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India’s Wipro beats second-quarter revenue expectations
BENGALURU, Oct 15 : Wipro, India’s fourth-largest IT company, reported higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its European clients and artificial intelligence unlocking new revenue streams.The company’s consolidated revenue rose 9.1 per cent to 247.53 billi
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TomTom shares fall as revenue miss outweighs higher margin forecast
Oct 15 : Dutch location data company TomTom posted lower-than-expected quarterly revenue on Thursday, sending its shares down 5 per cent despite a raised profitability forecast and a restructuring plan involving 200 job cuts.Third quarter revenue fell to €128.9 million ($144.6 million) missing the €131 mi
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Entain gaming revenue rises 2% as domestic growth offsets hit from Brazil
Oct 15 : Ladbrokes owner Entain reported a 2 per cent rise in third-quarter net gaming revenue and reiterated its annual forecast on Thursday, as a strong showing in the UK and Ireland offset the impact from weaker performance in Brazil.Here are some details:• Brazil banned online gambling last month
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Anthropic flags revenue surge to investors ahead of stock market debut
It comes as some investors have become concerned about the amount of money being spent on AI infrastructure.
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At Anthropic pre-IPO meet: ‘Thinking’ caps, surging revenue, no human extinction
NEW YORK/SAN FRANCISCO, Oct 14 : Anthropic told prospective investors on Wednesday that revenue in the third quarter surged 45 per cent from the prior quarter, two people who attended an investor day said, a move that could assuage market concerns about the huge costs of developing AI systems.Revenue in the t
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