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Technology
Growing Customer Base Leads to Profit Boost and Share Surge at Wise
November 06, 2024 07:29 PM AEDT| By Team Kalkine MediaHighlights:,Wise reports a 51% rise in pretax profit, reaching £292.5m for the six months to 30 September.,Active customer numbers grew by 25%, reaching 11.4 million, with customers transferring £68.4bn, a 19% increase year-on-year.,Despite increased...
NVIDIA Surpasses Apple to Become World's Most Valuable Company Amid AI Market Boom
November 06, 2024 06:35 PM AEDT| By Team Kalkine MediaHighlights:,Market Cap Milestone,:,NVIDIA reaches a $3.43 trillion valuation, overtaking Apple at $3.38 trillion.,AI Demand Surge,:,NVIDIA’s GPUs drive growth as data centers prioritize AI capabilities.,Tech Sector Evolution,:,Both companies continue...
Waymo’s Valuation Hits $45 Billion in Latest Funding Round as Autonomous Ride Demand Surges
November 06, 2024 06:00 PM AEDT| By Team Kalkine MediaHighlights:,Valuation Boost,:,Waymo’s latest Series C funding round lifts its valuation to $45 billion, led by Alphabet.,Ride Expansion,:,Completed over 312,000 passenger rides this August, marking a significant increase from 12,000 a year prior.,Exp...
EQTEC Forms Strategic Partnership with Simonpietri Enterprises to Advance Waste-to-Value Projects
November 05, 2024 07:04 PM AEDT| By Team Kalkine MediaHighlights,Strategic Collaboration,: EQTEC partners with Simonpietri Enterprises to develop waste-to-value projects that enhance sustainability and reduce emissions.,Innovative Projects,: Key initiatives include Aloha SMRFF and RNG facilities in Hawa...
Batelco and Qareeb Data Centers Forge Partnership for Bahrain’s First White Space Data Centre
November 05, 2024 06:23 PM AEDT| By Team Kalkine MediaHighlights,Strategic MoU Signed,: Batelco and Qareeb Data Centers W.L.L. signed an MoU to build Bahrain's first White Space Data Centre.,Part of Beyon's Data Oasis,: The collaboration supports the Data Oasis project, Bahrain’s largest tech hub, boost...
Chemring Secures Major Long-Term Contracts Worth €231M and $106M for Defense Projects
November 04, 2024 07:31 PM AEDT| By Team Kalkine MediaHighlights,Chemring Nobel signs €231 million deal with Diehl Defence for MCX energetic material, spanning five years from late 2026.,Chemring Energetic Devices secures a $106 million order for U.S. missile components, also delivering over five years...
Visa Inc Exceeds Q4 Expectations with Strong Revenue and Profit Growth
October 30, 2024 09:29 PM AEDT| By Team Kalkine MediaHighlights:,Earnings Beat Forecasts:,Visa’s Q4 EPS rose 17% to $2.65, surpassing analysts’ estimates of $2.58.,Robust Revenue Increase:,Q4 revenue climbed 12% to $9.6 billion, driven by a 10% rise in processed transactions.,Strong Full-Year Performan...
Snap Inc.’s Strong Q3 Results Ignite Optimism for Future User Growth
October 30, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights:,Revenue and User Growth Boost: Snap’s revenue increased by 15% year-over-year to $1.4 billion, with daily active users reaching 443 million.,Improved Financials: Net losses dropped by over 50% to $153 million, underscoring enhanced operat...
xAI Eyes New Funding Round to Boost Grok and Double Colossus Supercomputer Capacity
October 30, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights:,Potential $40 Billion Valuation:,xAI, Elon Musk’s AI venture, seeks a new funding round that would value it at approximately $40 billion.,Expansion of AI Infrastructure:,Funds are intended to double xAI’s Colossus supercomputer cluster to...
Reddit Hits Profitability with Record Q3 Revenue and User Growth
October 30, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights:,First Profitable Quarter Since IPO:,Reddit posted net income of $29.9 million in Q3, marking a milestone since its public listing in March.,Advertising Revenue Surges:,Ad revenue rose by 56% to $315.1 million, driving an 8.6% profit margi...
Wedbush Reiterates Confidence in Alphabet’s Lead as “Search King” with Strong AI and Cloud Growth
October 30, 2024 08:45 PM AEDT| By Team Kalkine MediaHighlights:,Price Target Reaffirmed at $210:,Wedbush maintains an “outperform” rating for Alphabet, reflecting confidence in its growth prospects.,Q3 Revenue Growth Driven by Advertising and Cloud:,Alphabet’s Q3 revenue increased by 14% to $87.4 bill...
Garmin Ltd Surges with Raised Outlook Following Strong Q3 Performance
October 30, 2024 08:05 PM AEDT| By Team Kalkine MediaHighlights:,Sales Boost:,Garmin (,NYSE:GRMN,) reported a 24% increase in quarterly net sales, surpassing expectations.,Fitness & Outdoor Growth:,Fitness products rose 31%, and outdoor goods jumped 21%, fueling strong revenue growth.,Sector-Wide Gains...
Positive results are recorded for Altitude Group (LON:ALT) in an earnings growth stock scan
October 30, 2024 07:05 PM AEDT| By Team Kalkine MediaHighlights,Altitude Group (LSE:ALT) has demonstrated strong earnings growth, with a notable 75% increase in earnings per share (EPS) over the past year.,The company reported a revenue growth of 28%, reaching a total of £24 million, indicating a susta...
YouGov reports 30% rise in revenue in preliminary FY2024, final results expected soon
October 30, 2024 12:09 AM AEDT| By Team Kalkine MediaHighlights,Revenue Surge,: YouGov saw a 30% increase in revenue, reaching £335.3 million, driven by strong performance in its Consumer Panel Services.,Profit Decline,: Statutory operating profit fell significantly due to exceptional costs linked to a...
IQE PLC Reshapes Leadership Amid Strategic Shift to Drive Growth
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,CEO Americo Lemos steps down as IQE refocuses on strategic priorities and operational efficiency.,Mark Cubitt becomes executive chair, while CFO Jutta Meier takes on interim CEO responsibilities.,Leadership aims to prioritize cash generat...
ByteDance Founder Zhang Yiming Tops China's Wealth List as Billionaire Fortunes Shift
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,ByteDance founder Zhang Yiming named China's richest person with a net worth of $49.3 billion.,Billionaire count in China decreases by 142 amid economic and stock market challenges.,Tech and new energy sectors now dominate China's wealth...
Panmure Liberum Reduces Kooth Price Target Amid US Market Challenges
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Price Target Adjusted: Panmure Liberum lowers Kooth’s price target from 500p to 375p due to contract challenges in the US.,Expansion Strategy Under Pressure: Loss of a major Pennsylvania contract and California’s media scrutiny have impac...
Big Tech Earnings Poised to Spotlight AI Monetization as Analysts Anticipate Strong Growth
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Major tech firms report earnings this week, providing a pivotal moment for AI's enterprise monetization phase.,Wedbush analysts predict robust earnings, expecting AI-driven tech stocks to climb by 20% in 2025.,AI chip demand, led by Nvidi...
Touchstar Shares Plunge 23% Amid Revised 2024 Revenue Forecast and Delayed Orders
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Touchstar lowers 2024 revenue forecast due to order delays and slower conversion times.,Shift in customer purchasing patterns leads to reduced aggressive orders.,Strategic review remains underway, with updates expected in coming months.,T...
Tern has expanded its board with the appointments of Jane McCracken and Iain Ross as independent Non-Executive Directors
October 29, 2024 08:38 PM AEDT| By Team Kalkine MediaHighlights,Tern Plc has appointed Jane Karwoski (also known as Jane McCracken) and Iain Ross as independent Non-Executive Directors.,Sarah Payne and Alan Howarth have stepped down from the Board to focus on other business interests.,The current Board...
