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Embassy REIT Reports Strong Operating and Financial Results for 2Q FY2024: Delivers Record 2 Million Square Feet of Total Leases and Raises Leasing Guidance for FY2024

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Thursday, October 26, 2023

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the second quarter ended September 30, 2023.

Key Points:

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the second quarter ended September 30, 2023.
Aravind Maiya, Chief Executive Officer of Embassy REIT, said,
“We’re delighted to report a record quarter of leasing of 2 msf.
For the first half of FY2024, we have successfully leased 3.1 msf, and the outlook for the full year looks promising, bolstered by a record leasing pipeline of 2.5 msf.
Embassy REIT will host a conference call on October 26, 2023 at 18:30 hours Indian Standard Time to discuss the Q2 FY2024 results.

STL continues to strengthen customer partnerships and operating performance in H1 FY24

Retrieved on:

Thursday, October 26, 2023

Focusing on operational efficiencies and improved realisation, the company recorded a 13% YoY growth in EBITDA in the first half of FY24.

Key Points:

Focusing on operational efficiencies and improved realisation, the company recorded a 13% YoY growth in EBITDA in the first half of FY24.
STL gained momentum in India and EMEA with its Optical Fibre Cable, Optical Connectivity, and Enterprise offerings, with nearly ~72% of its revenue coming from these markets.
STL maintained industry-leading EBITDA margins of ~20.8% for its Optical Networking Business, clocking 8% YoY growth in the first half of FY24.
In this crucial quarter, the company accelerated its focus on long-term success drivers of deep customer partnerships, sustainability and product innovation.

STL continues to strengthen customer partnerships and operating performance in H1 FY24

Retrieved on:

Thursday, October 26, 2023

Focusing on operational efficiencies and improved realisation, the company recorded a 13% YoY growth in EBITDA in the first half of FY24.

Key Points:

Focusing on operational efficiencies and improved realisation, the company recorded a 13% YoY growth in EBITDA in the first half of FY24.
STL gained momentum in India and EMEA with its Optical Fibre Cable, Optical Connectivity, and Enterprise offerings, with nearly ~72% of its revenue coming from these markets.
STL maintained industry-leading EBITDA margins of ~20.8% for its Optical Networking Business, clocking 8% YoY growth in the first half of FY24.
In this crucial quarter, the company accelerated its focus on long-term success drivers of deep customer partnerships, sustainability and product innovation.

Sonata Software - International Services Revenue grew by 4.6% QoQ (40% YoY) in USD, and Domestic Gross Contribution grew by 16.5% YoY in INR. Board approved 1:1 bonus issue and interim dividend of ₹ 7 per share

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Thursday, October 26, 2023

BENGALURU, India, Oct. 25, 2023 /PRNewswire/ -- Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 2nd quarter ended 30thSeptember 2023.

Key Points:

Our International services Revenue in USD terms grew 4.6% QoQ.
Performance Highlights for the quarter:
Revenues at ₹ 1,912.6 crores; YoY growth of 28%
EBITDA at ₹ 220.5 crores; YoY growth of 33%
PAT at ₹ 124.2 crores; YoY growth of 10%
DSO improved to 40 days (Q1'24: 41 days).
Revenues at ₹ 1,244.0 crores; YoY growth of 20%
Gross contribution at ₹ 62.4 Crs grew by 16.5% YoY.
EBITDA at ₹ 56.4 crores; YoY growth of 20%
PAT at ₹ 40.5 crores; YoY growth of 19%
DSO improved to 35 days (Q1'24: 36 days)

EQS-News: Linde plc: Linde Reports Third Quarter 2023 Results (Earnings Release Tables Attached)

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Thursday, October 26, 2023

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Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,783 million, up 15% versus prior year.

Key Points:

Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,783 million, up 15% versus prior year.
Adjusted operating profit of $2,306 million was up 15% versus prior year led by higher price and continued productivity initiatives across all segments.
Linde Engineering sales were $467 million, 44% below prior year, and operating profit was $116 million or 24.8% of sales.
A teleconference on Linde’s third quarter 2023 results is being held today at 9:00 am EDT.

EQS-News: Marley Spoon Group SE reports Q3 2023 Financials

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Thursday, October 26, 2023

MARLEY SPOON GROUP REPORTS Q3 2023 RESULTS: CONTINUED MARGIN EXPANSION; ON TRACK TO ACHIEVE FY23 OPERATING EBITDA TARGET DESPITE SOFT REVENUE

Key Points:

MARLEY SPOON GROUP REPORTS Q3 2023 RESULTS: CONTINUED MARGIN EXPANSION; ON TRACK TO ACHIEVE FY23 OPERATING EBITDA TARGET DESPITE SOFT REVENUE
Berlin, 26 October 2023: Marley Spoon Group SE (“Marley Spoon” or the “Company”), a leading global subscription-based meal kit provider, reported its results for the quarter ending 30 September 2023 (“Q3 2023”).
Q3 2023 saw the continuation of the trend witnessed already in H1 2023, with the macroeconomic environment negatively impacting consumer price sensitivity.
In Q3 2023 the Company launched and concluded a small holdings cash offer to the remaining 16% of Marley Spoon SE CDI holders as part of its strategy to simplify its capital structure by achieving 100% ownership of Marley Spoon SE with the intention of de-listing Marley Spoon SE from the Australian Securities Exchange, while focusing on its Frankfurt listing.
In October 2023, Marley Spoon welcomed Mr. Daniel Raab as its new global COO, in charge of running Marley Spoon’s global operations including central marketing and regional business execution.

National Year-over-Year (YoY) HPA in September was 4.8% and is expected to continue rising through November 2023 and beyond

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Wednesday, October 25, 2023

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Despite subdued demand and historically high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through November 2023 and beyond.

Key Points:

Despite subdued demand and historically high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through November 2023 and beyond.
This trend continued in September, with the YoY HPA up 6.7% and 3.9% for the low price tier and high price tier, respectively.
Months’ supply stood at 3.9 months in September 2023, up from 3.2 months in August 2023 and 3.8 months in September 2019 (pre-pandemic).
The months’ supply for the low price tier came in at 2.5 months in September 2023, helping to explain the 6.7% YoY price growth for this tier.

Virtru expands public sector leadership team amidst record growth in defense markets

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Wednesday, October 25, 2023

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In 2023, Virtru’s public sector business realized 140% YoY revenue growth, partnering with more than a dozen new government customers and system integrator (SI) partners across the defense and multi-national government ecosystem that are now leveraging the Virtru platform in support of data-centric security.

Key Points:

In 2023, Virtru’s public sector business realized 140% YoY revenue growth, partnering with more than a dozen new government customers and system integrator (SI) partners across the defense and multi-national government ecosystem that are now leveraging the Virtru platform in support of data-centric security.
To further accelerate this momentum, Virtru added two new members to its federal leadership team: Dr. Carrick Longley, Senior Vice President of Global Public Sector, and Jason Green, Vice President of Federal Sales.
Virtru supported coalition partners by enabling fast, cross-domain sharing of sensitive information while maintaining privacy and security.
The newly validated module makes it faster and easier to build and maintain web-native, FIPS 140-2 validated JavaScript solutions.

Flexera 2023 TechSpend Pulse: 91% of Enterprises View Vendor Price Hikes as Top Challenge

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Wednesday, October 25, 2023

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It also provides a view of the future of these teams as they evolve to serve the needs of the digital enterprise.

Key Points:

It also provides a view of the future of these teams as they evolve to serve the needs of the digital enterprise.
As digital transformation accelerates, enterprises navigate inflation, workplace norms change, and the demand for innovation grows.
Many IT professionals are returning to offices; the associated vendor costs and hefty cloud commitments are rising, as is the challenge of optimizing spend.
506 technical professionals and executive leaders worldwide participated in the Flexera 2023 Tech Spend Pulse survey in the summer of 2023.

Retailers Report Median Annual Outage Cost is Nearly $10 Million

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Wednesday, October 25, 2023

The report is based on insights derived from 173 respondents in association with the 2023 Observability Forecast report.

Key Points:

The report is based on insights derived from 173 respondents in association with the 2023 Observability Forecast report.
Findings show that while tool fragmentation persists, observability provides significant business value—many reported $5 million in total value per year from their observability investments, with a minimum 2x median annual return on investment (ROI).
Today’s retailers face fierce competition and a difficult macroeconomic environment, with the rapid increase in energy costs, high inflation, growing interest rates, and supply chain disruptions.
Notably higher than the annual outage cost across all other industries, there’s a significant monetary impact from critical business app outages, with respondents reporting a median annual outage cost of $9.95 million.