Generally Accepted Accounting Principles

EPAM Reports Results for Second Quarter 2020

Thursday, August 6, 2020 - 11:00am

NEWTOWN, Pa., Aug. 6, 2020 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced results for its second quarter ended June30, 2020.

Key Points: 
  • NEWTOWN, Pa., Aug. 6, 2020 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced results for its second quarter ended June30, 2020.
  • Due to heightened uncertainty related to the potential impacts of COVID-19 on the Company's full year business results, EPAM is not providing a full year 2020 financial outlook.
  • EPAM will host a conference call to discuss the results on Thursday, August6, 2020 at 8:00 a.m. Eastern time.
  • EPAM supplements results reported in accordance with United States generally accepted accounting principles, referred to as GAAP, with non-GAAP financial measures.

Digital Turbine Reports Fiscal 2021 First Quarter Results

Wednesday, August 5, 2020 - 9:05pm

ET to discuss its fiscal first quarter financial results and provide additional operational updates on the business.

Key Points: 
  • ET to discuss its fiscal first quarter financial results and provide additional operational updates on the business.
  • For those who are not able to join the live call, a playback will be available through August 12, 2020.
  • To supplement the Company's consolidated financial statements presented in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), Digital Turbine uses non-GAAP measures of certain components of financial performance.
  • The Company believes the Non-GAAP measures that exclude such items when viewed in conjunction with GAAP results and the accompanying reconciliations enhance the comparability of results against prior periods and allow for greater transparency of financial results.

Trecora Resources Reports Second Quarter and First Half 2020 Results

Tuesday, August 4, 2020 - 9:34pm

To listen to the playback, please call 1-855-859-2056 if calling within the United States or 1-404-537-3406 if calling internationally.

Key Points: 
  • To listen to the playback, please call 1-855-859-2056 if calling within the United States or 1-404-537-3406 if calling internationally.
  • This press release includes the use of both U.S. generally accepted accounting principles ("GAAP") and non-GAAP financial measures.
  • We define EBITDA from continuing operations as net income (loss) from continuing operations plus interest expense (benefit), income taxes, depreciation and amortization.
  • Management's Discussion and Analysis of Financial Condition and Results of Operations" therein, and in our other filings with the Securities and Exchange Commission (the "SEC").

CleanSpark Announces Quarterly Results and 283% Increase in Revenues in a Statement to Shareholders

Tuesday, August 4, 2020 - 2:30pm

According to recent reports, the US economy contracted a record 32.9% during the second quarter of 2020.

Key Points: 
  • According to recent reports, the US economy contracted a record 32.9% during the second quarter of 2020.
  • In spite of all of this uncertainty, CleanSpark continues to execute on its strategy and is pleased to report our eighth consecutive record-breaking quarter, significantly increasing year over year revenues.
  • p2klabs generates high-margin service revenue and has contributed nearly $600,000 in revenues between February 1, 2020 and June 30, 2020.
  • The Company assesses its results of operations using certain non-U.S. GAAP financial measures, in addition to U.S. GAAP financial measures.

MUFG Bank, Ltd. Announces Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. Under Japanese GAAP for the Three Months Ended June 30, 2020

Tuesday, August 4, 2020 - 11:27am

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).

Key Points: 
  • The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).
  • To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.
  • Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the three months ended June 30, 2020.
  • Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

Gartner Reports Second Quarter 2020 Financial Results

Tuesday, August 4, 2020 - 11:00am

Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.

Key Points: 
  • Certain financial metrics contained in this Press Release are considered non-GAAP financial measures.
  • Definitions of these non-GAAP financial measures are included in this Press Release under "Non-GAAP Financial Measures" and the related reconciliations are under "Supplemental Information Non-GAAP Reconciliations."
  • Gartner, Inc. (NYSE: IT) is the worlds leading research and advisory company and a member of the S&P 500.
  • Certain financial measures used in this Press Release are not defined by U.S. generally accepted accounting principles ("GAAP") and as such are considered non-GAAP financial measures.

ICICI Bank Limited Files Annual Report in Form 20-F

Saturday, August 1, 2020 - 3:56am

ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2020 (FY2020) on July 31, 2020, as required by United States securities regulations.

Key Points: 
  • ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2020 (FY2020) on July 31, 2020, as required by United States securities regulations.
  • The Form 20-F annual report includes the Banks consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders equity under U.S. GAAP, approved by the Audit Committee of the Board.
  • Copies of the Form 20-F are available from the United States Securities and Exchange Commission (SEC) website www.sec.gov or via a direct link to the SEC website at "About Us/Investor Relations/SEC Filings" page of ICICI Bank's website:
    Shareholders may obtain a copy of the complete audited financial statements free of charge by writing to Company Secretary, ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 or sending an e-mail to companysecretary@icicibank.com , with details of their shareholding and mailing address.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200731005507/en/

GigaMedia Announces Second-Quarter 2020 Financial Results

Friday, July 31, 2020 - 2:39am

Consolidated loss from operationof the second quarter of 2020 was a loss of $0.55 million, reflecting an improvement from a loss of $0.64 million in the first quarter.

Key Points: 
  • Consolidated loss from operationof the second quarter of 2020 was a loss of $0.55 million, reflecting an improvement from a loss of $0.64 million in the first quarter.
  • GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounted to $56.8 million, or $5.14 per share, as of June 30, 2020.
  • Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.
  • The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as "non-GAAP," and are presented in U.S. dollars.

Chartis Names FIS as Category Leader for Insurance Risk Solutions

Friday, July 24, 2020 - 1:00pm

Financial technology leader FIS (NYSE: FIS) has been named a category leader by leading industry research firm Chartis Research for technology solutions that enable global insurers to comply with the International Financial Reporting Standard (IFRS) 17 and U.S. GAAP Long Duration Targeted Improvements (LDTI) accounting standards.

Key Points: 
  • Financial technology leader FIS (NYSE: FIS) has been named a category leader by leading industry research firm Chartis Research for technology solutions that enable global insurers to comply with the International Financial Reporting Standard (IFRS) 17 and U.S. GAAP Long Duration Targeted Improvements (LDTI) accounting standards.
  • FIS is rated as a category leader in all three of its RiskTech Quadrant for accounting systems, data management and reporting, and actuarial modeling.
  • 1 in the Chartis RiskTech100 for the last five years, leading the Industry Category for Insurance each year and topping the Solutions Category for IFRS 17 the last two years.
  • In addition, FIS was named a category leader in a 2019 Chartis report ranking solution providers for IFRS 17.

Flowserve Announces Dates for Second Quarter 2020 Financial Results

Monday, July 20, 2020 - 11:30am

The following morning, on Friday, July 31, the company will hold its conference call with the financial community at 11 a.m. Eastern Time.

Key Points: 
  • The following morning, on Friday, July 31, the company will hold its conference call with the financial community at 11 a.m. Eastern Time.
  • About Flowserve: Flowserve Corp. is one of the worlds leading providers of fluid motion and control products and services.
  • The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP).
  • Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance.