Friday, March 29

Tag: revenue

Why Startups Should Follow “Fake it Till You Make it” Formula
BLOGS

Why Startups Should Follow “Fake it Till You Make it” Formula

Since we launched our startup nearly 4 months ago, a certain question has weighed heavily on our minds. As we invest our time and money building our product there’s always been the burden of uncertainty… what if we spend a year building a product that nobody wants? All the best server architecture, best people, capital, budgets and deadlines mean nothing if we’re building the wrong thing. So how do we make sure we’re actually building something people want? This leads to the next question: how can we know they’ll want it without first having the product so they can use it? It’s the classic chicken and egg problem. Work Smarter, Not Harder As with most complex problems in life, the eventual answer was quite simple… fake it until we make it. Forget asking friends, family and associa...
Top 500 Firms of China Report First Revenue Decline in 15 Yrs
CHINA

Top 500 Firms of China Report First Revenue Decline in 15 Yrs

Chinas top 500 enterprises reported their first annual decline in combined revenues in 15 years, with a 0.07 per cent drop last year, as the economy continued to slow down amid falling oil prices and overcapacity issues. Among the top 500 firms, 155 reported declines in revenues in 2015, 61 more than a year ago, with many of them representing the overcapacity-plagued coal, steel, oil and chemicals industries. Meanwhile, 72 firms reported losses, 15 more than a year ago. The data was contained in 2016 edition of the top 500 Chinese Enterprises released China Enterprise Confederation and China Enterprise Directors Association. The list is based on revenues from 2015, state-run Xinhua news agency reported. The State Grid grabbed the top spot with 2.07 trillion yuan (USD 310 bil...
Alibaba Recorded Revenue Growth of 59% Amounting To $4.85 Billion
CHINA

Alibaba Recorded Revenue Growth of 59% Amounting To $4.85 Billion

Chinas e-commerce giant Alibaba has recorded a revenue growth of 59 per cent amounting to USD 4.85 billion in the first fiscal quarter ending June, the fastest since its Initial Public Offerings. The revenue of 32.15 billion yuan (USD 4.85 billion) topped market estimates, pushing Alibabas share price up by 5 per cent to about USD 92 in New York. Gross Merchandise Volume (GMV) transacted in Alibabas China retail marketplace was 837 billion yuan (USD 125 billion), up by 24 per cent year on year, state-run Xinhua news agency reported. The number of annual active buyers on China retail marketplace rose to 434 million by the end of the first fiscal quarter. The mobile revenue of China retail marketplace was 17.5 billion yuan (USD 2.6 billion) , representing 75 per cent of total Chi...
JD.com, China’s Second Biggest E-commerce Revenue Roses 42%
CHINA

JD.com, China’s Second Biggest E-commerce Revenue Roses 42%

JD.com Inc, China's second biggest e-commerce company, reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline that is expected to continue. The company, Alibaba Group Holding Ltd's main rival in online shopping, said on Wednesday revenue for the quarter rose 42 percent to 65.2 billion yuan ($9.83 billion), within JD.com's forecast range of 64.2-66.2 billion yuan. But the company is predicting an even sharper decline in growth for the third quarter, compounding concerns that China's e-commerce sector is saturating. JD.com's revenue from Amazon-like online direct sales rose 40 percent in the quarter, versus a 67 percent jump in sales from services and other businesses. JD.com now expects revenues for the third ...
Tatas Record $103-Bn FY16 Revenue; Investment at $9-Bn: Cyrus Mistry
BUSINESS

Tatas Record $103-Bn FY16 Revenue; Investment at $9-Bn: Cyrus Mistry

Tata Group invested USD 9 billion in its businesses globally in 2015-16, even as its worldwide revenue fell marginally to USD 103 billion due to commodity market slowdown and volatile currencies among other reasons, the diversified conglomerates chief Cyrus Mistry said today. Addressing the Annual Group Leadership Conference (AGLC) of the steel-to-software conglomerate, Mystry also announced a new leadership competency model based on key competencies to develop and identify leaders within the group firms and outlined a new framework focussed on happiness at work. The total investments by the over 100 group companies in the last three years total to over USD 28 billion, said Mistry, Chairman of the main holding company Tata Sons Ltd. Addressing the top leadership and senior mana...
Twitter Revenue & Users Growth Slows
News

Twitter Revenue & Users Growth Slows

Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 percent in extended trading to $16.40. While Twitter struggles to find a way to boost user growth and win over advertisers, social media services such as Instagram and Snapchat are expanding their footprints. Co-founder Jack Dorsey returned to the company as chief executive a year ago, but his plan for reviving Twitter is at best seen as unfinished. The company's second quarter revenue missed Wall Street estimates and the revenue forecast for the current quarter of $590 million to $610 million was well below the average analyst estimat...
Nazara Games Generated Rs 220 Cr Revenue FY 2015-16
BUSINESS

Nazara Games Generated Rs 220 Cr Revenue FY 2015-16

Nazara, a mobile having startup generated Rs 220 crore revenue for FY 2015-16, with the Indian market contributing 47% to the top line revenue. "We have seen an explosive growth of 40% CAGR in the past 4 years," said Nitish Mittersain, the founder of Nazara Technologies. "Another aspect that has helped with growth is pre-loading games on millions of devices through partnerships with handset manufacturers," Mittersain said. The company had also picked up a 26 percent stake in London-based Mastermind Sports in April. Nazara Games is present in 48 countries across the world and claims to reach out to more than two billion consumers. It also plans to launch a host if products and services in 20 more countries. "The expansion of Games Club, which is a subscription-based service, into 20 n...
Power of Email Marketing-  $38 in Revenue, For Just $1 Investment
BLOGS

Power of Email Marketing- $38 in Revenue, For Just $1 Investment

Email marketing allows you to reach a highly targeted audience at a low cost. In fact, experts at Campaign Monitor, an email marketing company, estimate that an effective email marketing message has the potential to result in $38 in revenue, for just $1 of marketing investment. Here are some email marketing conversion tips all small businesses can use: Include descriptive tags with your images - Online publication MarketingCharts cites data revealing that the average person receives more than 400 commercial emails a month. Emails that include images can help your small business stand out in an already-crowded inbox, especially if you choose those that evoke an emotional response to a product, a promotional campaign concept, or your brand. However, email marketing now comes with a “catch ...
Indian Telecom Operators Mobile Data Revenue May Hit Rs 95.5K cr in 5yrs
INDIA

Indian Telecom Operators Mobile Data Revenue May Hit Rs 95.5K cr in 5yrs

Indian telecom operators are expected to rake in Rs 95,500 crore in revenues from mobile data services over the next five years, says a report by ICRA. Mobile data revenues are expected to grow at a compounded annual growth rate (CAGR) of 21 per cent by financial year 2021 and are expected to contribute 34 per cent to the total mobile service earnings, the ratings agency said. At present, mobile data accounts for about 20 percent of the telecom operators revenues, the report said. "Over the last five years, data revenues for the ICRA Sample of telcos traced a strong CAGR of 54 per cent from Rs 3,200 crore in FY 2011-12 to Rs 27,450 crore in FY 2015-16," ICRA AVP Corporate Sector ratings Harsh Jagnani said. Nevertheless, when compared to international levels, the data revenues as pr...
Sony Generates 1200 Cr Revenue From IPL 9
BUSINESS

Sony Generates 1200 Cr Revenue From IPL 9

Broadcaster Sony Pictures Networks India (SPN) has mopped up Rs 1,200 crore in advertising revenue from Indian Premier Leagues (IPL) ninth season, a growth of 20 per cent over last year. It had clocked an advertising revenue of Rs 1,000 crore from IPL 8. "We have had a 20 per cent growth in revenue. This was largely based on the change in (advertising) rates," SPN India President Rohit Gupta said. SPN had hiked its advertisement rate by 15 per cent for IPL this year. The spot rate for sponsors was Rs 5.25 lakh. The spot buy rate was Rs 5.75 lakh for standard definition channels, while for HD, price was between Rs 1.50 lakh to Rs 1.80 lakh for 10-seconds. Gupta had earlier said that there was an unprecedented interest from advertisers for this years IPL and it was for...
Taxi Aggregator Meru Targeting Revenue of Rs 850 crore in 2016-17
News

Taxi Aggregator Meru Targeting Revenue of Rs 850 crore in 2016-17

Working on a model to "make every city profitable", taxi services provider Meru is targeting a revenue of Rs 850 crore in 2016-17 on the back of new services and deeper penetration into existing markets. The company, which returned to profits in December quarter of the previous fiscal after a gap of almost 1.5 years, clocked a revenue of about Rs 600 crore in 2015-16. "We are growing steadily by 35 per cent every year, and are targeting a revenue of Rs 850 crore by the end of the current fiscal on the back of our new channels, deeper penetration into existing markets and expansion. We are working on a model to make every city profitable," Meru Group CEO Siddhartha Pahwa said. Presently, Mumbai, Delhi, Bengaluru, Hyderabad, Ahmedabad and Kolkata have become entirely profita...
Housing.com Target $10 mn Revenue in 2016
News

Housing.com Target $10 mn Revenue in 2016

Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. "Housing.com is receiving an overwhelming response to the products it launched in January with revenue growing 200 percent month-on-month and the company on track to achieve $10 million in revenue this fiscal year," it said in a statement. After the company decided to focus its business on home buying and selling, Housing.com said it has started a series of digital advertising products for developers and brokers to provide maximum customer exposure and return on investment for their home sal...