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BRP revenue jumps 91% in Q3

BRP Group Inc., the parent company of broker Baldwin Risk Partners LLC, reported third-quarter 2022 organic revenue growth of 28% and revenue for the quarter of $259.4 million, up 91% from third-quarter 2021. Losses increased, however, 89.9% to $46.7 million from third-quarter 2021. Commissions, employee compensation and benefits rose 95.8% to $195.9 million while total …

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Nike Leads among Web2 Brands for Highest Revenue Reaped from NFTs

Fashion brand Nike has topped the list of Non-Fungible Token (NFT) exposed traditional companies that have recorded the highest revenue from digital collectable transactions thus far. According to data from Dune Analytics, as shared by NFTGators, Nike has raised a cumulative sum of $185.26 million in revenue. The company introduced this figure from a total transaction count of …

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Zoom Pares Back Annual Forecast as Revenue Growth Slows to Single Digits – NBC 5 Dallas-Fort Worth

Zoom’s revenue growth slowed to 8% from 12% in the year-ago quarter, a lesser result than analysts had predicted. The video-calling software maker blamed the strong the revenue miss in part on the U.S. dollar. Zoom Video Communications shares fell as much as 9% in extended trading on Monday after the video-calling software maker pared …

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Apollo Tyres Gains 9%, Hits Fresh 52-Week High As Co. Surprises On Sequential Revenue Growth In Q1Fy23

Stocks oi-Roshni Agarwal | Published: Tuesday, August 16, 2022, 12:07 [IST] Shares of Apollo Tyres in trade on August 16, 2022 hit a fresh 52-week high of Rs. 257.55, logging gains to the tune of over 9%. The tyre company’s scrip last closed at a price of Rs. 236.1 apiece on the NSE. In Q1FY23, …

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Revenue Secy Tarun Bajaj gets additional charge of Corporate Affairs Secy

Tarun Bajaj, Revenue Secretary, has been given an additional charge of secretary at the Union Ministry of Corporate Affairs. “The Competent Authority has approved assignment of additional charge of the post of Secretary, Ministry of Corporate Affairs to Tarun Bajaj, lAS (HY:1988), Secretary, Department of Revenue, Ministry of Finance with immediate …

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Xiaomi layoffs? Chinese company fires over 900 employees after revenue horror: Report

Xiaomi layoffs? Chinese company fires over 900 employees after revenue horror: Report

A report has revealed Xiaomi layoffs in which more than 900 employees have been shown the door. Xiaomi has reportedly fired more than 900 employees. Xiaomi layoffs make up nearly 3 percent of its workforce amid the economic slowdown, according to a report by the South China Morning Post. However, there is no official information …

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FTX Derivatives Exchange Revenue Tops $1B in 2021, Report said

The financial record of FTX Derivatives Exchange for the 2021 financial year has shown that the company’s revenue topped the $1 billion mark, according to leaked earnings documents seen by CNBC. The trading platform, founded in 2019 by Sam Bankman-Fried, has grown amongst the ranks and now stands as one of the most positive cash …

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Freebies make sense only if state budget has revenue surplus: Economists

With the issue of freebies announced by political parties being heard by the Supreme Court, economists are of the view that if there is revenue surplus in the budget then freebies could be implemented. In simple terms, what is applicable at the home front is equally applicable for the governments – …

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Coffee Day Enterprises Reports Narrowing Of Q1 Net Loss To Rs 18 Crore, Revenue Climbs Over Two-Fold

Business oi-Renu Baliyan | Published: Saturday, August 13, 2022, 17:57 [IST] Coffee Day Enterprises Ltd has reported narrowing of its consolidated net loss to Rs 18 crore for the quarter ended June 30, 2022, according to a PTI report. The company had posted a net loss of Rs 117.28 crore in the April-June period a …

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Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022

Huawei’s revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales. The Chinese telecom giant brought in 301.6 billion yuan ($44.8 billion), according to the data, a slip of 5.9 percent on the previous year. “While our device …

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