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Tag Archives: Financials

John Lewis’ profits “close to zero” for first half of 2018

John Lewis has warned that profits for the first half of the year will be “close to zero” and five of its 353 Waitrose stores will close. BBC reported that last year, John Lewis Partnership, which owns John Lewis department stores and Waitrose supermarkets, made £26.6m in the first half …

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CMS Distribution announces year end results

Storit Limited, the holding company of CMS Distribution, a leading specialist distributor supplying business and consumer technologies on Thursday announced its results for the year ended December 31st, 2017. Group Turnover increased year-over-year by 38 per cent to £447m (€520m), while EBITDA has increased by 40 per cent to £17.3m. This …

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Salesforce CEO slams competitors as SaaS firm sees huge revenue jump

Salesforce CEO Marc Benioff has claimed that its competitors "have done a horrible job in the last few years" in wake of the news that the cloud CRM provider’s revenue has climbed 26 per cent year-over-year. Largely based on what he perceives to be a decline of rival CRM vendors investing …

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The acquisition of Corsair shows there’s even bigger money in esports

Gaming peripheral and component maker Corsair has confirmed that it is to be acquired by New York-based private equity firm EagleTree Capital in a deal valued at $525 million.  The firm, formerly known as Wasserstein Partners, has taken a majority stake in the vendor and will act as lead investors in …

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Imagination Technologies posts annual profit despite being dumped by Apple

British chipmaker Imagination Technologies has posted an annual profit despite its ongoing fallout with Apple. The firm recorded a £2.4 million pre-tax profit with group revenue up 19 per cent to £145.2 million, overhauling a £29.4 million loss from the previous year. Shares in the company plummeted by more than …

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Processor market heats up as AMD makes record share gain

AMD launched its Ryzen processors earlier this year to great acclaim and it would appear that’s being reflected in sales as the company made its largest quarterly share gain in history. According to benchmarking experts PassMark, AMD gained 10.4 per cent in the second quarter, taking it to 31 per …

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How Dixons Carphone made over half a billion pounds in profit

Dixons Carphone – owner of Currys PC World and Carphone Warehouse – has seen its annual profits surpass £500 million for the first time.  The company has referred to ‘good reults’, and say that its profits before tax for the 12 months to April 29th rose 10 per cent to …

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Snapchat co-founders lose $2 billion after poor Q1

Snapchat’s co-founders have lost a combined $2 billion after a surprisingly underwhelming first quarter. Evan Spiegel and Bobby Murphy have both lost $1 billion after the social media app recorded disappointing growth in the first three months of the year. In its first report since floating on the stock exchange, …

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LG sees best first quarter for nearly eight years

While South Korean tech juggernaut Samsung’s future may rest on the success of its sparkly new Galaxy S8 smartphone, compatriot LG announced on Friday that its estimated first-quarter operating profit rose 82 per cent to its highest in nearly eight years. LG is the world’s second largest television maker behind Samsung and it said …

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Nvidia reports record revenues

Components vendor Nvidia has announced record revenues for both the fourth quarter and the full year of 2017.  For the fourth quarter, Nvidia is reporting revenue of $2.173 billion, up 55 per cent from a year ago. Gross margin came in at 60 per cent, which is up 3.5 per cent …

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