Q4 results | Pixr8 News

21May By AdityaNo Comments

BUSINESS

Justdial Profit Decline 25% in Q4

Local search engine Just Dial today reported 25.08 per cent decline in net profit at Rs 35.33 crore for the quarter ended March 31. The company had reported a net profit of Rs 47.16 crore in the corresponding quarter a year ago. Just Dial Ltds total income from operations grew 14.92 per cent to Rs 179.61 crore in the quarter under review as against Rs 156.28 crore in the year-ago period, it said in a BSE filing. Its overall expenses stood at Rs 143.02 crore, up 19.29 per cent as compared to Rs 119.89 crore in the third quarter of the previous fiscal. During the entire 2015-16 fiscal, the companys net profit stood at Rs 141.8 crore as against Rs 138.89 crore in the year-ago period. Net sales during 2015-16 fiscal grew to Rs 690.83 crore as against Rs 589.8 crore a year ago.

Worried Analysts Question Amazon’s Logistics Plans

29Jan By AnkitaNo Comments

News

Worried Analysts Question Amazon’s Logistics Plans

In the wake of Amazon.com Inc's disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same quarter last year. And they sharply questioned the company's plans to continue to make heavy investments in logistics, even at the expense of profits. They wondered why it was planning to buy more assets like trucks, and reportedly to lease jets, and worried it planned to spend the money to take on shippers like United Parcel Service Inc. "The so-called (earnings) miss was half fulfillment and half marketing," said Michael Pachter, a managing director of equity research at Wedbush Securities. The growing popularity of Prime, which promises free, two-day del...

Alphabet Inc Changes Results Format to Separate Google, Other Bets

29Jan By NitishNo Comments

BUSINESS

Alphabet Inc Changes Results Format to Separate Google, Other Bets

Reuters- Hoping to provide greater clarity into the performance of its many holdings, Alphabet Inc said it would report financial results under two segments, Google and "Other Bets," when it releases fourth-quarter earnings on Monday. Under Google, Alphabet will report the results of its main Internet and related businesses such as search, ads, maps, YouTube, Android, Chrome and Google Play, and hardware products such as Chromecast, Chromebooks and Nexus, as well as its virtual reality offerings. "Other Bets" will detail Alphabet's other businesses including Access/Google Fiber, Calico, Nest, Verily (formerly known as Google Life Sciences), GV (once known as Google Ventures), Google Capital and X, better known as Google X. Alphabet said there would be no changes to its consolidate...

Facebook Smashed Investors’ Expectations with a 52% Jump in Q4 Results

28Jan By NitishNo Comments

News

Facebook Smashed Investors’ Expectations with a 52% Jump in Q4 Results

Facebook has smashed investors' expectations with a 52 per cent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world's biggest online social network bucked the trend of underwhelming tech results from Apple and eBay, in the face of economic turmoil in China and a strong US dollar depressing the value of overseas sales. Facebook's service is not available in China but it sells ads there. "It's phenomenal at these (currency headwind) levels that they're accelerating to that level of growth," said Rob Sanderson, an analyst at MKM Partners. "I don't think there's going to be too many people crying for them to start monetising other properties anytime soon because the core business is so ...