Investors smiled after Owen Corning released its Q1 2023 numbers, beating expectations and returning $183 million to shareholders during the first three months of this year. 

A team of project analysts breaks down how they developed insurance supplements into a new and significant revenue stream for Built Strong Exteriors.

Despite facing challenges, Chris Petros of ServiceTitan says roofing contractors can be optimistic about future sales growth by leveraging technology, and customer focus on navigating market shifts.

[Daily Trust] Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, has announced its Q3 results for 2024.

[This Day] Transcorp Hotels Plc, yesterday on the Nigerian Exchange Limited (NGX) announced its third quarter (Q3) ended September 2024 unaudited result and accounts with a strong performance from top to bottom.

[Vanguard] The International Monetary Fund (IMF) has asked the Nigerian government to put in place a more efficient tax collection system in order to broaden its revenue base.

[Vanguard] Oando PLC, Africa's leading energy solutions company listed on both the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) has announced a 51% growth in revenue of N2 trillion in the unaudited first half 2024, HI'24 compared to N1.3 trillion in H1'23.

[This Day] Following the significant increase in price of Premium Motor Spirit and other products, a total of six oil & Gas companies listed on the Nigerian Exchange Limited (NGX) generated N2.97 trillion revenue in in nine months of 2024.

o9 Solutions Inc., a leading provider of Integrated Business Planning platforms for the digital transformation of enterprise-wide planning and decision-making capabilities, announced significant bookings growth during 2020.

Following a record year in 2022, real-time data capture, printing, mobility and voice-directed solutions specialist, Dakota Integrated Solutions, has again exceeded projected revenue and growth targets during 2023.

Hear from federal sales executives who are thought leaders in our space. They will share their insights on 3 important areas for successful federal sales and marketing organizations.

The post Episode 24: Insights from expert Federal Sales Leaders: Standing up your federal sales organization and effectively driving revenue at end of fiscal year first appeared on Federal News Network.

If you don’t know what an RMM tool is, then you most likely don’t know what RMM means. So before we guide you on how to make the most of your RMM tool, let’s quickly learn what RMM is. What is RMM? RMM stands for Remote Monitoring and Management. You may also hear people refer […]

Source: How to Make Your RMM Tool Productive and Increase Revenue for Your Business - Technibble.com

Spotify reported double-digit growth across monthly active users, subscribers, profits, and revenues for the quarter ending September 30, 2024.

The post Spotify Revenues Up 19 Percent to €3.99 Billion appeared first on Thurrott.com.

“Udaan’s financial performance for FY23-24 reflects its commitment to building a robust, profitable and resilient business. With revenue reaching INR 5,700 crores for FY23-24, we have made significant strides toward profitability, reducing EBITDA burn by 40% year-on-year to ~INR 900 crores,” said Kiran Thadimarri, SVP Finance, Udaan in a LinkedIn post.

While revenue fell sharply, it managed to reduce loss to a third at Rs 167 crore compared with Rs 503 crore the year before, according to the company’s financials. Dealshare’s revenue from the sale of traded goods decreased by 74.7% to Rs 495.8 crore in FY24, while its marketing services income contracted 44.3% to Rs 3.3 crore.

Wakefit cofounder Chaitanya Ramalingegowda attributed the increase in revenue to the company’s focus on strengthening its omnichannel presence, with some stores reaching maturity and a new wave of outlets opening, along with the benefits of an automated mattress factory.

Rentomojo reported a 60% rise in operating revenue to Rs 193 crore in FY24. Controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23.

Borosil plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka. Besides, at its Jaipur unit, where Borosil has already invested Rs 450 crore to expand the production capacity, it has plans to invest Rs 100 crore for debottlenecking to improve efficiency and increase capacity further.

Godrej Interio aims for a 10 per cent contribution from e-commerce sales by fiscal-end. The company is accelerating digital transformation efforts, experiencing significant online sales growth and expanding reach across 17,200 pin codes. It introduces AI-based 'Visual Search' and an integrated dealer network to enhance customer experience and operational efficiency.

Sheela Foam, maker of Sleepwell and Kurl-on mattresses, reported a consolidated net profit of Rs 9 crore on revenues of Rs 813 crore in Q2 FY25. The company saw a 32% year-on-year revenue increase, driven by a 19% rise in mattress volume.

Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.

Parag Milk Foods reported a 15.9% rise in consolidated net profit, reaching Rs 29.21 crore in the second quarter ending September 2024. This compares to Rs 25.19 crore during the same period the previous year. The company saw a 10% volume growth and a 9% value growth. Total revenue from operations increased by 9.2% to Rs 871.

Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler.

Coca-Cola India's consolidated profit plummeted by 41.82% to Rs 420.29 crore in FY24, despite a 4.24% increase in revenue, reaching Rs 4,713.38 crore. The company's advertising and sales promotion expenses surged by 35.47% to Rs 1,520.21 crore, while royalties paid to its US parent company also rose.

Samsung India Electronics' revenue grew by a mere 4% in FY24, reaching Rs 102,626 crore, marking its slowest growth in eight years. This slowdown, largely attributed to a stagnant smartphone market and heightened competition, is believed to be behind recent layoffs and cost-cutting measures.

Indian consumer electronics brand Elista plans to expand globally. The company aims to generate Rs 1,500 crore in revenue by 2026. Elista will expand its presence in over 35 countries in the next two years. The brand recently entered the Tanzanian market.

​​Santosh Raveshia, Managing Director, DOMS Industries Limited said, "As we conclude FY24, we are pleased to report on a period marked by significant achievements and strategic initiatives that have reinforced our strong position in the stationery and art materials market. We continued seeing positive business traction resulting in robust sales growth coupled with further elevation of margins, reflecting upon the strength of the ‘DOMS’ Brand to connect with its consumers."

Hugo Boss reported third-quarter operating profit slightly above expectations, but acknowledged it won't achieve its 2025 revenue and profit growth targets due to weak demand. Despite cost-cutting measures, the luxury fashion brand faces challenges from cautious consumer spending and a difficult market, particularly in China.

The Temasek and SoftBank-backed company’s operating margins also grew significantly, with Lenskart clocking an Ebitda of Rs 856 crore in FY24, against Rs 403 crore in the previous fiscal. In an interview with ET in October, Lenskart’s founder and chief executive officer Peyush Bansal had said the company is making a $200-million investment in its new manufacturing facility in southern India.

Kalyan Jewellers saw a 3.3% dip in consolidated net profit, reaching Rs 130.32 crore in Q2 FY25, compared to the same period last year. Despite this, revenue from operations rose to Rs 6,065.4 crore, contrasting with Rs 4,414.53 crore in Q2 FY24. Ramesh Kalyanaraman, executive director of the company said, "We recorded SSSG in excess of 20 per cent for the Diwali minus 30 days period when compared to the base year. ​​We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note."​​​​

Grooming products maker Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India.

Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 crore. The company posted an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%.

FirstCry’s IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through issuance of new shares and divestment of 54 million shares from existing investors.

Jammbo, founded in 2023, presently has about 50 products in its portfolio, focusing on ride-on battery toys such as electric cars and bikes. It aims to expand its portfolio to over 200 products by the end of the current fiscal year. The startup has set up its global presence by entering the UAE market. Further, it plans to expand to the U.S. and the U.K. markets this fiscal.

FirstCry reported a 15% increase in operating revenue to Rs 6,481 crore and reduced losses by 34% in FY24. The Pune-based firm's international business, which is seeing faster growth than domestic operations, reported a revenue of Rs 753 crore, growing by over 50%. The firm plans to use a significant portion of its IPO proceeds for expansion in Saudi Arabia.

Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari.

Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc., has reported revenue of $266.7 million for the third quarter ended September 30, 2024. GAAP diluted earnings per share for Q3 2024 was $1.03 compared to $0.79 in Q3 2023. Non-GAAP adjusted diluted earnings per share for Q3 2024 was $1.35 compared to $1.05 in Q3 2023.

Had Denver matched the regional average gain, it would have seen an additional $646 million more in taxable sales revenues, the report estimates.

Metro Denver voters in Tuesday's election decided to let the Regional Transportation District and Arapahoe and Jefferson counties keep tax money that otherwise, under Colorado's Taxpayer Bill of Rights, must be returned to taxpayers. 

More to come......

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UK's Smiths Group on Wednesday upgraded its annual organic revenue growth outlook after the engineering firm posted a 15.8% rise in first-quarter revenue. The company now expects full-year organic revenue growth of 5%-7%, up from the original 4%-6% guidance. (Reporting by Shanima A and Chandini…

Worldwide revenues will triple in 2022   April 11, 2022 (New York, NY) – TikTok’s worldwide ad revenues will triple this year and surpass that of two competitors combined, according […]

HSINCHU, Taiwan, Nov. 8, 2024 – TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for October 2024. On a consolidated basis, revenue for October 2024 was approximately NT$314.24 […]

The post TSMC Releases October 2024 Revenue Report appeared first on HPCwire.

Governors in several natural resource-dependent states said recently they will have to continue to cut public education funding because prices for oil and coal have not rebounded.

Writing in dissent, Justice Clarence Thomas said a lower court had disrupted state property tax revenue for schools and other government services.

Governors in several natural resource-dependent states said recently they will have to continue to cut public education funding because prices for oil and coal have not rebounded.

Record revenue of $1.6 billion Record quarterly ADV of 28.3 million contracts - the second consecutive quarter of volume, open interest growth across every asset class CHICAGO, Oct. 23, 2024...

Automation systems provider also streamlines product design and analysis with SolidWorks 3D mechanical design and COSMOS design analysis software