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Technology
Wise Sees Strong Customer Growth in Q2FY25, Driven by Increased Volumes and Card Revenue
October 15, 2024 06:06 PM AEDT| By Team Kalkine MediaKey Points,:,Wise saw a 23% year-over-year growth in active customers, reaching 8.9 million in Q2 FY25.,Cross-border volumes increased by 20%, driven by competitive pricing and customer recommendations.,The company’s underlying income grew by 17% YoY...
De La Rue Sells Authentication Division to Crane NXT for £300 Million
October 15, 2024 06:00 PM AEDT| By Team Kalkine MediaKey Points,:,De La Rue is selling its Authentication Division to Crane NXT for £300 million, with 5% held in escrow for 18 months.,The deal will help De La Rue repay debts and reduce its pension scheme deficit by contributing £30 million upfront and...
DiscoverIE Group's earnings are being supported by robust cash generation and healthy margins
October 15, 2024 05:58 PM AEDT| By Team Kalkine MediaHighlights:,discoverIE Group PLC reported strong operational cash flow and robust margins, indicating that first-half earnings will align with expectations.,The company observed a slowdown in destocking and a stabilization of order levels, alongside...
Thruvision Group Faces Revenue Shortfall as CEO Steps Down
October 14, 2024 10:13 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Miss,: Thruvision's half-year revenue declined to £1.9 million, down from £3.5 million, missing forecasts due to fewer customs contracts.,CEO Departure,: Colin Evans, CEO for seven years, will step down to focus on non-executive r...
Zapmap and Hive Join Forces to Simplify EV Charging for UK Drivers
October 14, 2024 07:16 PM AEDT| By Team Kalkine MediaKey Points:,£20 Charging Credit,: New Hive EV customers will receive £20 of credit for Zap-Pay-enabled chargers across the UK.,SmartCharge Savings,: Hive’s SmartCharge technology helps users save 4p/kWh on EV charging costs.,Future Integration,: Plan...
Equipmake and Textron Sign Agreement to Electrify Airport Ground Support Vehicles
October 14, 2024 07:13 PM AEDT| By Team Kalkine MediaKey Points:,Equipmake to supply its Zero Emission Drivetrain for Textron's Safeaero 220E de-icing vehicle.,The electrified vehicle will help Textron meet its sustainability goals and expand its green product range.,Ongoing production and supply are e...
TI Fluid Systems Rejects Multiple Proposals from ABC Technologies; Deadline for Formal Offer Extended
October 14, 2024 06:32 PM AEDT| By Team Kalkine MediaKey Takeaways:,Fifth Offer Rejected:,TI Fluid Systems has rejected five all-cash offers from ABC Technologies, the latest at 200 pence per share.,Premiums Offered:,The latest offer represents a 51.9% premium to the 90-day average share price and a 53...
Crossword Cybersecurity Faces Financial Challenges, Proposes Sale of Business Assets
October 12, 2024 05:29 AM AEDT| By Team Kalkine MediaHighlights,Crossword Cybersecurity requires up to £600,000 within six weeks to continue operations.,The company is in discussions with major shareholders and potential investors to secure financial support.,Due to financial difficulties, the company...
Oxford Metrics Acquires Sempre Group to Enhance Smart Sensing and Software Capabilities
October 12, 2024 05:23 AM AEDT| By Team Kalkine MediaHighlights,Oxford Metrics is acquiring Sempre Group for up to £5.5 million, with £5 million paid in cash and up to £0.5 million contingent on business performance targets.,Sempre's metrology solutions and industry expertise will enhance Oxford Metric...
AMD Launches Advanced AI GPUs, Targeting Nvidia's Market Share
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Enhanced AI Performance,: AMD's Instinct MI325X offers 1.8 times more memory capacity and 1.3 times more bandwidth than Nvidia’s H200 chip.,Widespread Availability,: The MI325X is set to ship in Q4 2024, with broad platform support antici...
TomTom Lowers Revenue Expectations Amidst Weakening Automotive Market
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Lowered Sales Forecast:,TomTom anticipates annual sales from its location technology unit to fall at the lower end of €490-520 million due to weak demand in the global automotive market.,Impact of Declining Car Sales:,The significant drop...
TikTok Shifts to Automation, Lays Off Hundreds in Global Content Moderation Restructure
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Global Layoffs:,TikTok is laying off several hundred employees worldwide, with content moderation workers in Malaysia being most affected as the company shifts toward automation.,Increased Automation:,80% of violative content is now remov...
Netflix Prepares to Report Strong Q3 2024 Earnings, Anticipates Growth in Revenue and EPS
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Earnings Projections:,Analysts expect Netflix’s Q3 revenue to reach $9.77 billion, with an EPS of $5.16, reflecting strong financial growth.,Potential Price Increase:,With its successful content strategy, Netflix may raise its subscriptio...
Uber Shares Surge as Tesla Robotaxi Event Eases Market Concerns
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Robotaxi Event Outcome:,Tesla's robotaxi event failed to show verifiable advancements in autonomous technology, reducing competitive pressure on Uber.,Growth Potential:,Analysts see Uber expanding its market through partnerships with AV d...
Tesla’s Shares Drop After Robotaxi Unveiling Despite Futuristic Reveal
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Cybercab and Robovan Unveiled,: Tesla showcased its driverless Cybercab and 20-seater Robovan, pushing the boundaries of autonomous vehicle technology.,Optimus Humanoid Robot,: Tesla also introduced Optimus, a humanoid robot capable of pe...
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Global Anti-Scam Platform Launched by Google, DNS Research, and GAS
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Global Signal Exchange,: A new data platform powered by DNS Research Federation’s DAP.live, with Google contributing abuse data to combat online fraud.,Cybercrime Costs the UK $8.6 Billion Annually,: Online scams continue to impact indivi...
Rosslyn Data Technologies to Issue 68.7 Million New Shares in Major Fundraising Initiative
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,68.7 Million New Shares,: Rosslyn Data Technologies is issuing 68.7 million new shares as part of a broad fundraising initiative.,Chairman’s Subscription,: James Appleby will subscribe for 5.28 million new shares following the company's 2...
Oxford Metrics Strengthens Smart Manufacturing with Acquisition of The Sempre Group
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Acquisition,: Oxford Metrics acquires The Sempre Group for up to £5.5 million to enhance its smart manufacturing division.,Earnings Boost,: The acquisition is expected to be immediately earnings-enhancing for Oxford Metrics.,Exp...
Blackbird CEO Shares Insights on Innovate UK's Global Business Innovation Programme Selection
October 11, 2024 07:11 PM AEDT| By Team Kalkine MediaHighlights:,Blackbird PLC has been selected for Innovate UK's Creative Catalyst and AI Global Business Innovation Program (GBIP).,The company will showcase its elevate.io platform at the upcoming South by Southwest (SXSW) Conference in Austin, Texas....
Auction Technology Delivers Revenue of $174M Despite Market Challenges
October 10, 2024 08:39 PM AEDT| By Team Kalkine MediaKey Points:,ATG’s FY24 revenue is expected to reach $174 million, a 5% increase, with marketplace revenue up by 7%.,Adjusted EBITDA margin is projected to be between 45% and 46%, driven by cost management and phased expense allocation.,The company’s...
