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Xerox announces lower first-quarter sales Earnings reports News 

Xerox announces lower first-quarter sales

GaryPageau
Xerox Holdings Corp. announced first-quarter results, including  $1.67 billion of revenue, down 2.5 percent year-over-year and a GAAP (loss) earnings per share (EPS) of $(0.38), down $0.56 year-over-year, and adjusted (loss) per share of $(0.12), down $0.34 year-over-year. “Revenue was in line with expectations this quarter despite an increasingly volatile operating environment,” said John Visentin, Xerox Vice Chairman and CEO. “Underlying... Read More
Photo-Me International plc reports 2021 revenue up nearly 20% Earnings reports News 

Photo-Me International plc reports 2021 revenue up nearly 20%

GaryPageau
Photo-Me International plc reported full-year 2021 revenue was up 15.1% to £214.4 million (2020: £186.3 million), as the group benefited from the easing of COVID-19 restrictions compared with prior year. EBITDA increased by 57.2% to £65.1 million, compared to £41.4 million in 2020. Among the highlights the company cited: · Strong performance with a progressive recovery in demand for vending... Read More
Adobe reports record revenue in first-quarter fiscal 2022 Earnings reports 

Adobe reports record revenue in first-quarter fiscal 2022

GaryPageau
Adobe reported first-quarter financial results 2022. Adobe achieved record revenue of $4.26 billion, which represents 9 percent year-over-year growth or 17 percent adjusted year-over-year growth “Adobe achieved record Q1 revenue as Creative Cloud, Document Cloud and Experience Cloud continue to be pivotal in driving the digital economy,” said Shantanu Narayen, chairman and CEO, Adobe. “Adobe is committed to empowering individuals,... Read More
Kodak reports slightly higher sales in 2021 Earnings reports 

Kodak reports slightly higher sales in 2021

GaryPageau ,
Eastman Kodak Co. reported financial results for the full year 2021, including consolidated revenues of $1.150 billion and continued growth in key product areas such as SONORA Process Free Plates and PROSPER annuities. Full-year 2021 highlights include: Consolidated revenues of $1.150 billion, compared with $1.029 billion for the full year 2020 GAAP net income of $24 million, compared with a... Read More
HP reports first-quarter net revenue up almost 9% Earnings reports 

HP reports first-quarter net revenue up almost 9%

GaryPageau
Palo Alto, Calif-based HP Inc. announced first-quarter net revenue of $17.0 billion, up 8.8% (up 8.2% in constant currency) from the prior-year period. Net earnings were level at $1.1 billion. “We once again delivered strong top and bottom-line results with record revenue driven by strong demand and our leadership in hybrid,” said Enrique Lores, HP President and CEO. “Our Q1... Read More
PlanetArt parent Claranova reports stable growth Earnings reports 

PlanetArt parent Claranova reports stable growth

GaryPageau ,
Paris-based conglomerate Claranova, the parent company of PlanetArt, reports first-half revenue was stable at €281 million (up 1% at actual exchange rates and down 2% at constant exchange rates), with second-quarter revenue of €193 million (up 3% at current exchange rates). “As anticipated at the beginning of the year, Claranova gradually returned to growth in Q2 2021-2022,” declared Pierre Cesarini,... Read More
Urbanimmersive reports first-quarter revenues up 11% Earnings reports 

Urbanimmersive reports first-quarter revenues up 11%

GaryPageau
Urbanimmersive Inc. reported first-quarter business highlights for the period ending Dec. 31, 2021. The company generated total revenues of $995,000 compared to $897,000 in the prior period, a 10.9% increase. In the quarter, the company sold 1,823 immersive 3D tours ($73,000) compared to 552 tours ($22,000) in Q1-21. During the quarter, Urbanimmersive launched its premium monthly subscription program UiMeet3D with... Read More
RRD reports full-year 2021 sales up 4% Earnings reports News 

RRD reports full-year 2021 sales up 4%

GaryPageau
R.R. Donnelley & Sons Company (RRD) reported full-year 2021 GAAP Net sales, increased $197 million or 4.1%; Non-GAAP organic net sales increased 3.2% primarily from higher demand for many of the company’s products and services GAAP income from operations was up $55 million versus the prior year. “We delivered a strong year of performance capped by fourth-quarter results that exceeded... Read More
U.S. Postal Service reports first quarter fiscal year 2022 results Earnings reports News 

U.S. Postal Service reports first quarter fiscal year 2022 results

GaryPageau
The U.S. Postal Service announced its financial results for the first quarter of its fiscal year 2022 (Oct. 1, 2021 – Dec. 31, 2021), reporting an adjusted loss of approximately $1.3 billion for the quarter, compared to an adjusted loss of $288 million for the same quarter last year. Adjusted loss excludes non-cash workers’ compensation adjustments for the impacts of... Read More
Profoto reports fourth quarter sales up nearly 26 percent Earnings reports 

Profoto reports fourth quarter sales up nearly 26 percent

GaryPageau
Stockholm-based lighting company Profoto reported fourth-quarter sales increased 25.7 percent to SEK 218 millin. Adjusted for currency effects, net sales increased by 24.3 percent. EBIT amounted to SEK 79m (46) and the EBIT margin to 36.1 percent (26.6). For the year, net sales increased to SEK 732 million, up 38.6 percent. Adjusted for currency effects, net sales increased by 44.1... Read More
Shutterstock reports fourth-quarter revenue jumped Earnings reports News 

Shutterstock reports fourth-quarter revenue jumped

GaryPageau
Shutterstock, Inc. announced fourth-quarter revenue increased 14% to $205.8 million, but income from operations decreased 47% to $14.6 million and net income decreased 35% to $16.9 million. On a constant currency basis, revenue increased 15%. “We ended 2021 with solid performance, driven by our Enterprise sales execution and continued popularity in our subscription products,” said Stan Pavlovsky, the Company’s Chief... Read More
CEWE reports improved earnings on level sales Earnings reports News 

CEWE reports improved earnings on level sales

GaryPageau
European photo printing powerhouse CEWE Stiftung & Co. KGaA concluded its 2021 financial year with another strong result according to preliminary as yet uncertified figures. The company said it had operative earnings (EBIT) of 72.2 million euros, a level within the range of 72 to 84 million euros planned for 2021 (2020 EBIT: 79.7 million euros). Turnover amounts to 692.8... Read More
Pinterest announces fourth quarter and full year 2021 results Earnings reports News 

Pinterest announces fourth quarter and full year 2021 results

GaryPageau
Pinterest, Inc. announced financial results for the quarter and year ended Dec. 31, 2021. Fourth-quarter revenue grew 20% year-over-year to $847 million, although Global Monthly Active Users (MAUs) decreased 6% year-over-year to 431 million. GAAP net income was $175 million for Q4, including a $49 million one-time share-based compensation charge related to the co-founder Evan Sharp‘s transition and an unspecified $25... Read More
Snap announces 2021 revenues up 64% Earnings reports News 

Snap announces 2021 revenues up 64%

GaryPageau
Snap Inc. reported financial results for the quarter and full-year ended Dec. 31, 2021. Fourth-quarter daily active users increased 20% year-over-year to 319 million and revenue increased 42% and full-year revenue increased 64% year-over-year “2021 was an exciting year for Snap and we made significant progress growing our business and serving our global community,” said Evan Spiegel, CEO. “The strength... Read More