Stark Group

Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future

Retrieved on: 
Thursday, October 12, 2023

BENGALURU, India, Oct. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.

Key Points: 
  • Infosys extended collaboration with Liberty Global to help evolve and scale Liberty Global's digital entertainment and connectivity platforms leveraging Infosys Topaz.
  • By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation."
  • Together, NVIDIA and Infosys will create an expert workforce to help businesses use this platform to build custom applications and solutions."
  • Better operational flow equals more effective and empowered staff and builds on the award-winning customer experience our Bank consistently offers."

Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future

Retrieved on: 
Thursday, October 12, 2023

BENGALURU, India, Oct. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.

Key Points: 
  • Infosys extended collaboration with Liberty Global to help evolve and scale Liberty Global's digital entertainment and connectivity platforms leveraging Infosys Topaz.
  • By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation."
  • Together, NVIDIA and Infosys will create an expert workforce to help businesses use this platform to build custom applications and solutions."
  • Better operational flow equals more effective and empowered staff and builds on the award-winning customer experience our Bank consistently offers."

Infosys Collaborates with STARK Group to Power its Digital Transformation by Leveraging Infosys Topaz

Retrieved on: 
Tuesday, September 12, 2023

Infosys will adopt an 'AI first' approach powered by Infosys Topaz , to empower STARK Group with AI-driven operational efficiencies and service quality.

Key Points: 
  • Infosys will adopt an 'AI first' approach powered by Infosys Topaz , to empower STARK Group with AI-driven operational efficiencies and service quality.
  • Infosys will further aim to enable STARK Group to improve cost and operation efficiency and help them scale across multiple geographies.
  • Recently, Infosys announced a strategic collaboration with Danske Bank to power the bank's digital transformation, which further enhanced Infosys' localization strategy in the Nordics.
  • This relationship with STARK Group further signifies Infosys' increasing prominence in the Nordics region and exemplifies its commitment to help clients in the region accelerate their digital transformation.

Infosys Collaborates with STARK Group to Power its Digital Transformation by Leveraging Infosys Topaz

Retrieved on: 
Tuesday, September 12, 2023

Infosys will adopt an 'AI first' approach powered by Infosys Topaz , to empower STARK Group with AI-driven operational efficiencies and service quality.

Key Points: 
  • Infosys will adopt an 'AI first' approach powered by Infosys Topaz , to empower STARK Group with AI-driven operational efficiencies and service quality.
  • Infosys will further aim to enable STARK Group to improve cost and operation efficiency and help them scale across multiple geographies.
  • Recently, Infosys announced a strategic collaboration with Danske Bank to power the bank's digital transformation, which further enhanced Infosys' localization strategy in the Nordics.
  • This relationship with STARK Group further signifies Infosys' increasing prominence in the Nordics region and exemplifies its commitment to help clients in the region accelerate their digital transformation.

Lazard Ltd Reports First-Quarter 2023 Results

Retrieved on: 
Friday, April 28, 2023

For a list of publicly announced Financial Advisory transactions on which Lazard advised in the first quarter of 2023, or continued to advise or completed since March 31, 2023, please visit our website at www.lazard.com/financial-advisory/transactions/ .

Key Points: 
  • For a list of publicly announced Financial Advisory transactions on which Lazard advised in the first quarter of 2023, or continued to advise or completed since March 31, 2023, please visit our website at www.lazard.com/financial-advisory/transactions/ .
  • On April 26, 2023, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.
  • We believe that presenting our results on an adjusted basis, in addition to the U.S. GAAP results, is the most meaningful and useful way to compare our operating results across periods.
  • ET on April 28, 2023, to discuss the company’s financial results for the first quarter of 2023.

Charlotte's Web Signs European Specialty Distributor Stark Foods International

Retrieved on: 
Thursday, November 10, 2022

DENVER, Nov. 10, 2022 /PRNewswire/ -(TSX:CWEB, OTCQX:CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in cannabidiol ("CBD") hemp extract wellness products , is pleased to announce a new distribution agreement with Stark Foods International, a distributor of European specialty food and beauty products to grocery and retail.

Key Points: 
  • DENVER, Nov. 10, 2022 /PRNewswire/ -(TSX:CWEB, OTCQX:CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the market leader in cannabidiol ("CBD") hemp extract wellness products , is pleased to announce a new distribution agreement with Stark Foods International, a distributor of European specialty food and beauty products to grocery and retail.
  • Additionally, Stark Foods distributes to specialty independent retail and specialty channels which are not generally served by mainstream distributors.
  • In total, Stark Foods reaches nearly 15,000 doors through its multi-broker network.
  • "Stark is a well-respected distribution partner with particular strength in curated European products, where Charlotte's Web has the opportunity to significantly increase its awareness to new groups of consumers ," said Jacques Tortoroli, Chief Executive Officer of Charlotte's Web.

Norwegian Building Materials Distributor Neumann Bygg Selects Blue Ridge to Improve Forecast Accuracy and Supply Chain Execution

Retrieved on: 
Tuesday, April 20, 2021

Neumann Bygg is one of Norway's largest building materials distributors, with around 300 employees in 14 department stores across the country, as well as a service office in Oslo.

Key Points: 
  • Neumann Bygg is one of Norway's largest building materials distributors, with around 300 employees in 14 department stores across the country, as well as a service office in Oslo.
  • In 2019, turnover was around NOK 1.4 billion.\nNeumann Bygg is using Blue Ridge Supply Chain Planning (SCP) to grow profitability through increased forecast accuracy, safety stock reduction and related savings.\n\xe2\x80\x9cWe are pleased to welcome Neumann Bygg to our family of European customers,\xe2\x80\x9d said Maarten Baltussen, General Manager - Europe at Blue Ridge and a recent Supply & Demand Chain Executive Pros to Know winner.
  • With the solid position as an end-to-end provider of Supply Chain Planning in the Nordics building industry, we are confident of partnering with Blue Ridge for future Supply Chain Excellence.\xe2\x80\x9d\nPart of the STARK Group , Europe's second-largest building materials distributor, Neumann Bygg caters primarily to professional customers with its wide product range, good logistics solutions and high professional expertise in timber and building materials for new construction and rehabilitation.
  • Contractors, builders, masons, and other craftsmen in small and medium-sized companies are among many of Neumann's customers.

DGAP-News: Willkie Farr & Gallagher LLP: Willkie advises STARK Deutschland GmbH on the Acquisition of Melle Gallhöfer from palero

Retrieved on: 
Wednesday, March 10, 2021

Willkie Farr & Gallagher LLP: Willkie advises STARK Deutschland GmbH on the Acquisition of Melle Gallhfer from palero

Key Points: 
  • Willkie Farr & Gallagher LLP: Willkie advises STARK Deutschland GmbH on the Acquisition of Melle Gallhfer from palero
    The issuer is solely responsible for the content of this announcement.
  • Willkie is advising STARK Deutschland GmbH on the acquisition of Melle Gallhfer from private equity fund palero.
  • STARK Group has through its German subsidiary, STARK Deutschland GmbH, signed an agreement to acquire Melle Gallhfer, a leading German specialist distributor of roofing and facade building materials.
  • Melle Gallhfer is Germany's leading medium-sized specialist dealer for roofs and facades.

Stark Group selects Planon's Lease Accounting solution to comply with IFRS 16 standards

Retrieved on: 
Thursday, September 17, 2020

Founded in 1896 with headquarters in Denmark, Stark Group has been continuously developing and strengthening its position in the market and is well regarded in the construction industry.

Key Points: 
  • Founded in 1896 with headquarters in Denmark, Stark Group has been continuously developing and strengthening its position in the market and is well regarded in the construction industry.
  • With over 10,000 employees and 412 stores in six countries, Stark Group handles 4,200 lease contracts across all countries in which it operates.
  • "We have chosen Planon software for Lease Management and IFRS 16 compliance because of the maturity of the solution and the structured implementation process," said Michael Peter Jakobsen, Group Finance Manager at Stark Group.
  • This eased our search for an integrated lease management and IFRS 16 lease accounting solution."

Stark Group selects Planon's Lease Accounting solution to comply with IFRS 16 standards

Retrieved on: 
Thursday, September 17, 2020

BOSTON, Sept. 17, 2020 /PRNewswire/ --Stark Group, one of the largest retailers and distributors of building materials for the professional segment in Northern Europe, has selected Planon Universe for Financial Professionals to comply with IFRS 16 standards.

Key Points: 
  • BOSTON, Sept. 17, 2020 /PRNewswire/ --Stark Group, one of the largest retailers and distributors of building materials for the professional segment in Northern Europe, has selected Planon Universe for Financial Professionals to comply with IFRS 16 standards.
  • With over 10,000 employees and 412 stores in six countries, Stark Group handles 4,200 lease contracts across all countries in which it operates.
  • "We selected Planon software for Lease Management and IFRS 16 compliance because of the maturity of the solution and the structured implementation process," said Michael Peter Jakobsen, Group Finance Manager at Stark Group.
  • This eased our search for an integrated lease management and IFRS 16 lease accounting solution."