GoCardless, the London-based FinTech unicorn specializing in recurring payments such as subscriptions, has achieved significant strides towards profitability by reducing its losses and enhancing revenue growth. As the fiscal year ending June 30, 2024, closed, the company reported a net loss of £35.1 million ($43.8 million), which signals a remarkable 55% decrease compared to the
Earnings
Atlassian, the Australian software powerhouse renowned for tools like Trello, experienced a remarkable surge in its stock value, rising 18% following the company’s impressive fiscal second-quarter earnings report. This surge not only propelled its shares close to a new 52-week high but also marked the stock’s strongest single-day performance since the previous November. Such dramatic
In an unexpected turn of events, China’s AI startup DeepSeek has rapidly gained attention from tech giants and investors alike, sparking a flurry of reactions from prominent leaders in the industry. As this newcomer emerges from the shadows of obscurity, its recent innovations in AI technology have created ripples not only in financial markets but
In the competitive landscape of the global pharmaceutical industry, Swiss multinational Novartis is making waves despite facing challenges in meeting its overall sales guidance for the year. Its recent fourth-quarter report showcased a commendable 16% increase in net sales, totaling $13.2 billion, which came in above analysts’ expectations. However, the company’s performance has ignited discussions
H&M, one of the world’s leading fashion retailers, experienced a significant dip in stock prices, falling over 5% after missing sales forecasts for the fourth quarter. According to the latest financial report, the Swedish company recorded sales of 62.19 billion Swedish krona, trailing behind the anticipated 63.48 billion Swedish krona as per a Reuters poll.
Norway’s Government Pension Fund Global, renowned as the largest sovereign wealth fund globally, has reported astonishing full-year profits amounting to 2.5 trillion kroner (approximately $222.4 billion) for the fiscal year ending in 2024. This remarkable financial performance can largely be attributed to a vigorous rally in the technology sector, showcasing the profound impact that specific
JetBlue Airways has recently faced a dramatic downturn in its stock performance, with shares plummeting over 25% in a single day—an unprecedented fall since the airline became publicly traded more than 20 years ago. This staggering decline was significantly influenced by the airline’s disappointing financial outlook, raising critical questions about its operational effectiveness and future
The budget airline Ryanair has recently shifted its passenger traffic predictions for the fiscal year ending March 2026, a move influenced by persistent delays in aircraft deliveries from Boeing. Despite this adjustment, the low-cost carrier delivered an after-tax profit of 149 million euros ($155.8 million) for the fiscal third quarter, exceeding market expectations significantly. This
Twilio, a prominent player in the cloud communications realm, has witnessed a remarkable resurgence in its stock performance, with shares surging by 20% on a recent Friday. This spike marks the company’s most significant increase since the early days of the COVID-19 pandemic. Closing at $136.23, this is Twilio’s highest price per share since 2022.
The recent financial turbulence faced by Electronic Arts (EA) has marked a significant downturn in the company’s trajectory, reminiscent of market declines seen over two decades ago. Following a disheartening revision of its annual bookings forecast, EA’s stock has experienced a staggering drop of 19%, reaching $115.86. This severe plummet represents one of the company’s