Author: yourrevenue

Indian information technology (IT) services companies, such as Tata Consultancy Services, Infosys, Wipro, and HCLTech, have emerged as the most consistent baggers of foreign exchange. For the first time in 2022-23 (FY23), their combined forex revenue surpassed that of listed oil and gas companies, as well as listed non-oil and gas firms in other sectors. The latter category includes industries like pharmaceuticals, automotive and auto ancillaries, industrial metals, capital goods, chemicals, textiles, fast-moving consumer goods, and consumer durables. The combined forex revenue of listed IT firms was up 20.7 per cent year-on-year (Y-o-Y) to Rs 5.14 trillion in FY23, while…

Unity Software (U.N) is finding out just how hard the revenue game will be. The $14 billion company’s new plan to climb out of an unprofitable hole makes sense, but also faces considerable pushback. The strategy seeks to impose fees on video-game developers after certain revenue and install thresholds are met, eliciting a harsh response on social media on Tuesday. After all, even a small charge could make a difference to many of its smaller clients. Unity’s main problem is that its bread and butter is helping mobile games sell ads, a volatile form of income. And privacy initiatives, such as Apple (AAPL.O) allowing customers to…

State-run Mazagon Dock Shipbuilders has raised its revenue growth guidance for financial year 2024. The company now expects revenue growth of 12-15 percent for the current financial year, compared to the 10-12 percent it guided for earlier. In an interaction with CNBC-TV18, the company’s managing director Sanjeev Singhal said that the current order book stands at Rs 39,000 crore as of June 30 and that this orderbook will continue for the next 4-5 years. The company’s order book has been on a declining trend over the last five years, starting from over Rs 55,000 crore in financial year 2019 to Rs…

Edtech unicorn LEAD has achieved a two-fold growth in revenue while simultaneously reducing expenses by over 14% in the fiscal year ending March 2023. To put this into perspective, LEAD had a similar growth trajectory in the previous fiscal year but losses had soared three-fold. LEAD’s operating income in FY23 jumped to Rs 273.2 crore as compared to Rs 132.37 crore in FY22, according to the company’s filings with the Registrar of Companies. Sale of products such as books, teaching aids and devices accounted for 74.6% of the total operating income. This income rose 82.5% to Rs 203.73 crore in FY23…

The Commercial Taxes Department saw a whopping Rs 5,114-crore increase in revenue in the first five months of the financial year thanks to technology and strict compliance. According to data accessed by DH, the department had collected close to Rs 32,578 crore up to August in 2022-23, and this increased to Rs 37,692 crore during the same period this year — a 15 per cent rise. Of the Rs 37,692 crore, Rs 28,637 crore was collected through Goods and Services Tax (GST), which has increased by Rs 4,670 crore as compared to 2022-23. That apart, the Karnataka Sales Tax (KST)…

Kalvista Pharma (NASDAQ: KALV) reported first quarter EPS of $-0.74, $0.14 better than the analyst estimate of $-0.88. Revenue for the quarter came in at $0.00 versus the consensus estimate of $0. Kalvista Pharma’s stock price closed at $10.77. It is up 8.68% in the last 3 months and down -32.77% in the last 12 months. Kalvista Pharma saw 1 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See Kalvista Pharma’s stock price’s past reactions to earnings here. According to InvestingPro, Kalvista Pharma’s Financial Health score is “fair performance”. Check out Kalvista Pharma’s recent earnings performance, and Kalvista Pharma’s…

-GameStop on Wednesday beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss, buoyed by strong demand for videogames, collectibles and consoles. The company’s shares rose nearly 6% in extended trading as the results indicated that efforts to boost its digital presence were paying off. Executive chairman and top shareholder Ryan Cohen has been steering GameStop toward a more online-focused model as the chain, largely dependent on physical stores, strives to rebound from a recent slump in sales. “GameStop’s Q2 results show encouraging signs towards the company’s on-going transformation plans to regain its presence in the video game…

Andhra Pradesh Revenue Services Association president Bopparaju Venkateswarlu on Tuesday claimed that state government has agreed to pay 6,000 crore of arrears to revenue employees under different heads by September end. Venkateswarlu was speaking at a meeting of revenue employees that he convened here on Tuesday.He said a meeting of revenue employees’ council involving representatives from village revenue assistant level to deputy collector level will be held at Tummalapalli Kalakshetram in Vijayawada on October 1. The association president said revenue minister Dharmana Prasada Rao and CCLA G. Sai Prasad will attend the meeting. He underlined that district collectors in the…

The Quint Digital Media has reported a total revenue of Rs 80.62 crore for FY23, up by 31% compared to the previous year’s consolidated revenues of Rs 61.55 crore. In Q4FY23, the divestment of a 49% stake in BQ Prime was successfully completed, resulting in cash proceeds of Rs 47.83 crore. This divestment was carried out as part of an investment agreement with the renowned Adani group, which had initiated investment discussions in the previous year. As a result of this arrangement, the Company diluted its 49% stake in Quintillion Business Media Limited in favour of AMG Media Networks Limited,…

ITD Cementation Ltd. is expecting revenue growth of over 40% in the current financial year as it aims to focus on fewer but higher value orders to improve margin. The company might see a bit of a slowdown in the second quarter due to the monsoon, but it expects execution to pick up in the next two quarters, Prasad Patwardhan, chief financial officer at ITD Cementation, told BQ Prime. There were few significant orders that were awarded to the company,” Patwardhan said. Execution pace has picked up and it has helped the company to ramp up the scale of operations…