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Fujifilm announces first quarter financials, imaging segment sales strong Earnings reports News 

Fujifilm announces first quarter financials, imaging segment sales strong

GaryPageau
FUJIFILM Holdings Corp. announced, in the first three months of the fiscal year ending March 2025, revenue increased by 13.4% year-over-year to JPY749.0 billion, mainly due to strong sales in the Electronics, Imaging, and Medical Systems businesses, and the favorable impact of exchange rates. Operating income also benefited from the revenue growth and exchange rate impact, amounting to JPY62.2 billion,... Read More
Snap Inc. grows second-quarter revenue 16%, reduces quarterly loss Earnings reports News 

Snap Inc. grows second-quarter revenue 16%, reduces quarterly loss

GaryPageau
Snap Inc. announced financial results for the quarter ended June 30, 2024. Sales revenue increased 16% to $1.23 billion, with the net loss improving to $249 million, compared to $377 million last year. “Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers,” said Evan Spiegel, CEO. “We continued... Read More
Claranova shows steady 2023-24 revenue at €496 million Earnings reports 

Claranova shows steady 2023-24 revenue at €496 million

GaryPageau
PlanetArt parent Claranova reported steady revenue while undergoing large-scale management changes. The company is also facing a lawsuit from its former CEO. Total revenue for the prior 12 months was €496 million, down 2% from €507 million. “Claranova registered a marginal increase in revenue on a like-for-like basis for FY 2023-2024, ” said Eric Gareau, CEO. “These results are testimony... Read More
CE Brands reports lower 2024 revenue, due to termination of Kodak license agreement Earnings reports 

CE Brands reports lower 2024 revenue, due to termination of Kodak license agreement

GaryPageau
Canadian consumer-electronics distributor CE Brands Inc. reported lower annual 2024 sales for the year ending March 31, citing a significant drop due to the termination of their Kodak license agreement and lower B2C sales. The company did, however, register an improvement in gross profit and a substantial reduction in net loss. Revenue decreased by $840,000, reflecting a 62% drop in... Read More
Xerox reports second quarter revenue down 10 percent but income up Earnings reports News 

Xerox reports second quarter revenue down 10 percent but income up

GaryPageau
Xerox Corp. reported second-quarter revenue of $1.58 billion, down 10 percent, and GAAP net income of $18 million, up $79 million from the same period last year. “The comprehensive and strategic operating model changes implemented in Q1 caused a short period of disruption but are delivering the intended improvements in financial results. Adjusted operating income margin, free cash flow and... Read More
Perfect Corp. revenues up on AI- and AR-cloud solution growth Earnings reports 

Perfect Corp. revenues up on AI- and AR-cloud solution growth

GaryPageau
AR/AI software company for the beauty and fashion industries Perfect Corp. announced total revenue was $13.9 million for the three months ended June 30, 2024, compared to $12.7 million in the same period of 2023, an increase of 9.6%. The increase was primarily due to growth momentum in the revenue of AI- and AR-cloud solutions and mobile app subscriptions, the company... Read More
ME Group reports interim six month results; sales up 6% Earnings reports 

ME Group reports interim six month results; sales up 6%

GaryPageau
ME Group International plc, the instant-service equipment group formerly known as Photo Me International,  announces its results for the six months ended 30 April 2024. The company reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million, and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign... Read More
Moonpig reports 6% revenue growth Earnings reports News 

Moonpig reports 6% revenue growth

GaryPageau , ,
Moonpig Group plc announced all-around improved results for the fiscal year ended April 30, 2024. The company said it delivered revenue growth of 6.6% to £341.1 million driven by strong performance at the Moonpig brand. In its report, the company said organic revenue growth accelerated through the year, underpinned by the Moonpig brand, which grew revenue by 8.2% through growth... Read More
S&P upgrades Shutterfly credit rating from negative to developing Earnings reports News 

S&P upgrades Shutterfly credit rating from negative to developing

GaryPageau , , , ,
S&P Global Ratings today upgraded the credit rating for Photo Holdings LLC (Shutterfly LLC) from negative to developing, based on the improving fortunes of North America’s largest personalized photo printing company. The company outperformed Shutterfly’s 2023 expectations by improving cash flow to $82 million, compared to a $31 million deficit the year before. In a press release, S&P stated: As... Read More
Adobe reports record second-quarter revenue Earnings reports News 

Adobe reports record second-quarter revenue

GaryPageau
Adobe reported financial results for its second quarter fiscal year 2024 ended May 31, 2024. “Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing... Read More
ME Group on track for record perfomance; photo booths up 2.4% Earnings reports News 

ME Group on track for record perfomance; photo booths up 2.4%

GaryPageau ,
ME Group International plc, the instant-service equipment group, announced an update on the group’s trading for the six months ended 30 April 2024. Positive trading momentum continued throughout H1 2024 compared with the six months ended 30 April 2023, with group revenue up 4.6% (up 8.6% excluding foreign exchange impact) and profit before tax up 10.3% (up 13.6%, excluding foreign... Read More
Best Buy reports first-quarter revenues down 6% Earnings reports News 

Best Buy reports first-quarter revenues down 6%

GaryPageau
Best Buy Co., Inc announced results for the 13-week first quarter ended May 4, 2024, as compared to the 13-week first quarter ended April 29, 2023. Domestic revenue of $8.20 billion decreased 6.8% versus last year primarily driven by a comparable sales decline of 6.3%. From a merchandising perspective, the largest drivers of the comparable sales decline on a weighted... Read More