FDX

Gogo Announces First Quarter Results

Retrieved on: 
Mardi, mai 7, 2024
Pandemic, Risk, FCC, ARPU, Capital expenditure, Secure, Infection, ID, GAAP, Aviation, ATG, Software, Attention, FDX, Galileo Galilei, AOL, Annual report, Climate change, Free cash flow, Original equipment manufacturer, LTE, Public expenditure, Chairperson, AVANCE, Government, Embraer, Internet, Security (finance), Classic, ESG, Form 10-K, Failure, Adjustment, Federal Communications Commission, STC, Beauty salon

BROOMFIELD, Colo., May 7, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended March 31, 2024.

Key Points: 
  • Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year
    Q1 Net Income of $30.5 million; Adjusted EBITDA(1) of $43.3 million
    BROOMFIELD, Colo., May 7, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended March 31, 2024.
  • Net income in the first quarter of 2024 included $9.9 million of an after-tax unrealized gain from a $5 million investment in a convertible note.
  • "Strong first quarter results drove an increase in Gogo's 2024 Adjusted EBITDA guidance to the high end of the range and supported strong share repurchases," said Jessi Betjemann, Executive Vice President and CFO.
  • Capital expenditures of approximately $45 million including $30 million for strategic initiatives including Gogo 5G, Gogo Galileo and the LTE network build.

ATX ‘2050 Project’ Survey Indicates MSOs Weighing Upgrade Options

Retrieved on: 
Mercredi, avril 24, 2024
Software, Mobile, Wireless, Networks, Internet, Hardware, Technology, Other Transport, Trucking, Transport, Other Technology, Logistics, Supply Chain Management, Telecommunications, FTTH, DAA, Hybrid, DOCSIS, Digital, ATX, Digital divide, Research, HFC, Plant, Intelligence, FDX, PON, Unified, FDD, Reliability, Cable television

The survey also shows an uptick in interest in focusing on attributes beyond speed to compete with FTTH providers, such as reliability, low latency and superior end-user experience.

Key Points: 
  • The survey also shows an uptick in interest in focusing on attributes beyond speed to compete with FTTH providers, such as reliability, low latency and superior end-user experience.
  • Sustainability, especially as it relates to backup-power solutions, was another growing concern among MSOs, survey findings revealed.
  • “For more than 30 years and counting, the HFC network has been the gold standard for broadband delivery,” said ATX CTO Jay Lee.
  • ATX will reveal the results of the 2024 survey in a webinar on Thursday, April 25, at 11 AM EDT .

Gogo Secures FCC Regulatory Approval for Gogo Galileo Terminals

Retrieved on: 
Mardi, avril 9, 2024
LEO, FCC, Bombardier Challenger 300, Certification, HDX, Motion, ESIM, Gogo Business Aviation, Federal, FDX, Federal Communications Commission

BROOMFIELD, Colo., April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft.

Key Points: 
  • BROOMFIELD, Colo., April 9, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that the Federal Communications Commission (FCC) has granted regulatory approval for the Gogo Galileo HDX and FDX antenna terminals for business aircraft.
  • The FCC Earth station in motion (ESIM) regulatory license grants Gogo the authority to commercialize and operate the terminals, which are integral to its Gogo Galileo low Earth orbit (LEO) global broadband service, on US-registered aircraft, and those registered in other countries within U.S. territory including territorial waters.
  • *
    "Receiving the ESIM license for the HDX and FDX terminals represents an important milestone in bringing the Gogo Galileo service to market by year end," said, Crystal Gordon, executive vice president, general counsel and corporate secretary for Gogo.
  • Track important milestones in the development of Gogo Galileo with Gogo's milestone tracker .

FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86

Retrieved on: 
Jeudi, mars 21, 2024
Logistics, Supply Chain Management, Air, Retail, Transport, Delivery Services, Failure, FedEx, Automation, Railway Labor Act, Annual report, Growth, MTM, Disease, EPS, DRIVE, Business, Name, ASR, EDT, Sale, Capital, Table, Security (finance), Insurance, Bank statement, United, FedEx Express, FedEx Ground, Investment, Atmosphere, Safety, GAAP, Geography, FDX, ETR, Share repurchase

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.

Key Points: 
  • FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.
  • Cost per package was flat, as lower line-haul expense and improved dock productivity offset higher first- and last-mile costs.
  • The year-to-date decrease in outstanding shares benefited third quarter results by $0.09 per diluted share.
  • FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

Ninth Wave Extends Open Finance Platform Capabilities Staying Ahead of CFPB Rules

Retrieved on: 
Mardi, mars 12, 2024
Data Management, Banking, Technology, Professional Services, Security, Other Technology, Apps, Applications, Software, Other Professional Services, Fintech, Finance, Consumer, Access management, Risk, The, Acquisition, CFPB, FIS, Senior, API, FDX

These advancements by Ninth Wave will position financial institutions (FIs) to more easily enable an FDX-compliant open finance solution in the marketplace and deliver exceptional user experiences to their end-customers.

Key Points: 
  • These advancements by Ninth Wave will position financial institutions (FIs) to more easily enable an FDX-compliant open finance solution in the marketplace and deliver exceptional user experiences to their end-customers.
  • Ninth Wave’s solution ensures that FIs are in immediate compliance with the expected personal financial data rights rule from the Consumer Financial Protection Bureau (CFPB).
  • Ninth Wave has been a pioneer in data connectivity and continues to invest in future-proofing our customers’ data strategy in this continuously evolving data sharing environment.”
    With these additional platform enhancements, Ninth Wave further solidifies itself as a trusted advisor to FIs in helping throughout their open finance journey and ensuring compliance with the pending CFPB rules.
  • As a strong advocate of FDX as the leading interoperable standard for financial data exchange in the US, Ninth Wave can best position its clients and their open finance APIs in the broad fintech ecosystem.

FedEx EVP/CIO Robert B. Carter to Step Down June 30, 2024

Retrieved on: 
Lundi, mars 11, 2024
Trucking, Rail, Supply Chain Management, Logistics, Air, Transport, Retail, Delivery Services, CIO, Subramaniam, DataWorks Plus, EVP, Intelligence, DRIVE, Internet, FedEx, Most, InformationWeek, FDX, Air cargo

FedEx Corp. (NYSE: FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years.

Key Points: 
  • FedEx Corp. (NYSE: FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years.
  • Under his leadership, Carter spearheaded cutting-edge technology that differentiated FedEx in the industry such as real-time tracking and transactions.
  • In this role, Krishnasamy will lead the FedEx IT and FedEx Dataworks teams to unleash the power of FedEx intelligence to further serve FedEx global operations and customers.
  • Since joining FedEx in 1997, Krishnasamy has worked at multiple FedEx operating companies and held leadership positions around the globe.

FedEx to Launch 12th Annual Small Business Grants Program

Retrieved on: 
Jeudi, février 29, 2024
Delivery Services, Technology, Other Retail, Logistics, Supply Chain Management, Specialty, Food, Beverage, Fashion, Retail, Small Business, Catalog, Other Transport, Professional Services, Trucking, Online Retail, Philanthropy, Rail, Air, Home Goods, Transport, Other Philanthropy, Electronic Commerce, Marketing, Senior, FDX, Multimedia, Small business, Dream, FedEx Office, Online shopping

FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses.

Key Points: 
  • FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses.
  • “Since 2012, FedEx has been helping small business owners achieve their dreams by growing and expanding their ventures through our grants program, and we are excited to see who will receive grants this year.”
    One 2024 FedEx Small Business Grant grand prize recipient will receive $50,000 and nine additional recipients will each receive $20,000, in addition to a $500 FedEx Office print credit, a $300 voucher from My FedEx Rewards , and access to FedEx Premier Customer Service.
  • All recipients will also receive a sustainable packaging consult from the FedEx Packaging Lab , a digital consult from the FedEx Digital Sales Solutions team, an invite to attend a Small Business Strategic Insights Forum, and a feature on the FedEx Small Business Center .
  • The 2024 FedEx Small Business Grants Program is open to U.S.-based FedEx customers who are for-profit small businesses, have 1-99 employees, have been in operations selling a product or service for six months or more and have opened a FedEx account prior to September 1, 2023, and currently ship with FedEx.

DecisionLogic Announces 100 Million Consumers Empowered With Its Pioneering Bank Account & Identity Verification Solutions

Retrieved on: 
Mercredi, février 21, 2024
Software, Payments, Finance, Banking, Professional Services, Technology, Fintech, Security, Amazon Prime Video, APR, FDX, Information services, Growth, Database, Risk, Akoya, Per capita income, Aggregation, Open, Rise, COVID, Employment, Apple, DL, Consumer, Machine learning, Digital banking, DirecTV, Partnership, Bank

DecisionLogic, a trailblazing FinTech company specializing in advanced bank account and identify verification solutions, today announced it has surpassed the 100 million consumers serviced mark.

Key Points: 
  • DecisionLogic, a trailblazing FinTech company specializing in advanced bank account and identify verification solutions, today announced it has surpassed the 100 million consumers serviced mark.
  • Since its inception in 2011, DecisionLogic has been at the forefront of FinTech, revolutionizing the landscape of alternative financial data with its disruptive instant account verification.
  • "We are so proud to have reached 100 million consumers.
  • Evans says, “In addition to passing 100 million consumers our database has passed 9 billion transactions.

FedEx Corp. Board Declares Quarterly Dividend

Retrieved on: 
Vendredi, février 16, 2024
Supply Chain Management, Online Retail, Other Retail, Electronic Commerce, Technology, Delivery Services, Other Transport, Retail, Trucking, Air, Transport, Logistics, FedEx, Safety, FDX

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value.

Key Points: 
  • The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value.
  • The dividend is payable April 1, 2024 to stockholders of record at the close of business on March 11, 2024.
  • FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.
  • With annual revenue of $88 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx.

FIS Drives Secure Open Banking for Financial Institutions and Consumers

Retrieved on: 
Jeudi, février 8, 2024
Mobile, Wireless, Technology, Payments, Finance, Banking, Other Technology, Professional Services, Software, Hardware, Data Management, GM, Open banking, Consumer, API, FIS, Akoya, CFPB, Digital Solutions, FDX, Plaid

Global financial technology leader FIS ® (NYSE: FIS) has today announced another milestone in its drive to make secure open banking more accessible to its clients and their customers.

Key Points: 
  • Global financial technology leader FIS ® (NYSE: FIS) has today announced another milestone in its drive to make secure open banking more accessible to its clients and their customers.
  • Agreements are in place with leading data networks including Akoya, Envestnet | Yodlee, MX and Plaid to integrate into FIS’ Open Access platform, an innovative new open banking solution, that enables consumers to securely and seamlessly share their financial information with a greater number of third-party financial apps and services of their choice.
  • The shift to Open Banking is accelerating , and last year the Consumer Financial Protection Bureau (CFPB) proposed a Personal Financial Data Rights rule establishing consistent industry standards for consumer data access and protection.
  • FIS’ Open Access platform provides consumers with the ability to access and share their financial data in a secure, stream-lined and controlled manner.