International use of the U.S. dollar

Tapestry, Inc. Delivers Record First Quarter Revenue and EPS

Retrieved on: 
Thursday, November 9, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231109208328/en/
    Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “We achieved record first quarter revenue and EPS as we continued to successfully advance our strategic growth agenda against a dynamic external backdrop.
  • During the quarter, we drove revenue gains at constant currency, significant gross margin expansion, and high-teens adjusted EPS growth.
  • Excluding a 130 basis point headwind from currency due to the appreciation of the U.S. Dollar, revenue increased approximately 2% versus last year.
  • On a reported basis, the tax rate for the quarter was 18.2% or 18.3% on a non-GAAP basis.

MiX Telematics Reports Second Quarter Fiscal Year 2024 U.S. GAAP Financial Results

Retrieved on: 
Wednesday, November 8, 2023

MiX Telematics Limited (“MiX Telematics” or the “Company”) (NYSE: MIXT, JSE: MIX), a leading global Software-as-a-Service (“SaaS”) provider of connected fleet management solutions, today announced financial results, in accordance with accounting principles generally accepted in the United States (“GAAP”), for the second quarter of fiscal year 2024, which ended September 30, 2023.

Key Points: 
  • MiX Telematics Limited (“MiX Telematics” or the “Company”) (NYSE: MIXT, JSE: MIX), a leading global Software-as-a-Service (“SaaS”) provider of connected fleet management solutions, today announced financial results, in accordance with accounting principles generally accepted in the United States (“GAAP”), for the second quarter of fiscal year 2024, which ended September 30, 2023.
  • The Field Service Management (“FSM”) business acquired on September 2, 2022 contributed $1.9 million to the subscription revenue for the second quarter of fiscal year 2024, compared to $0.9 million for the second quarter of fiscal year 2023.
  • Dollar exchange rate averaged R18.65 in the second quarter of fiscal year 2024 compared to an average of R17.01 during the second quarter of fiscal year 2023.
  • Adjusted EBITDA margin, a non-GAAP measure, for the second quarter of fiscal year 2024 increased 550 basis points to 22.5%, compared to 17.0% for the second quarter of fiscal year 2023.

RingCentral Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023

RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the third quarter ended September 30, 2023.
  • “Our solid third quarter results demonstrate our ability to drive long-term durable, profitable growth.”
    Revenue: Total revenue was $558 million for the third quarter of 2023, up from $509 million in the third quarter of 2022, representing 10% growth.
  • The Company also repurchased $75 million in shares during the third quarter of 2023 under the plans announced in February and May of 2023.
  • What: RingCentral financial results for the third quarter of 2023 and outlook for the fourth quarter and full year of 2023.

ServiceNow Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

GAAP subscription revenues and related growth rate for the future quarter included in our full-year 2023 guidance are based on the 30-day average of foreign exchange rates for September 2023 for entities reporting in currencies other than U.S.

Key Points: 
  • GAAP subscription revenues and related growth rate for the future quarter included in our full-year 2023 guidance are based on the 30-day average of foreign exchange rates for September 2023 for entities reporting in currencies other than U.S.
  • ServiceNow President and Chief Operating Officer CJ Desai will participate in a fireside chat at the UBS Global Technology Conference on Tuesday, November 28, 2023, at 1:15pm PT.
  • ServiceNow Chief Financial Officer Gina Mastantuono will participate in a keynote presentation at the Wells Fargo TMT Summit on Wednesday, November 29, 2023, at 12:00pm PT.
  • We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

Equinix Reports Third-Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023

Given strong demand signals and the long duration in delivering new capacity, Equinix continues to expand its global footprint.

Key Points: 
  • Given strong demand signals and the long duration in delivering new capacity, Equinix continues to expand its global footprint.
  • Equinix Fabric® saw continued momentum with record port orders, and Equinix Internet Exchange® had another strong quarter with peak traffic reaching nearly 35 terabits per second.
  • Equinix will discuss its quarterly results for the period ended September 30, 2023, along with its future outlook, in its quarterly conference call on Wednesday, October 25, 2023, at 5:30 p.m.
  • Equinix has made available on its website a presentation designed to accompany the discussion of Equinix's results and future outlook, along with certain supplemental financial information and other data.

Tingo Group, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 31, 2023

Net revenues of Tingo Group for the second quarter 2023, were $977.2 million, compared to $12.0 million for the second quarter 2022, up 8,072%.

Key Points: 
  • Net revenues of Tingo Group for the second quarter 2023, were $977.2 million, compared to $12.0 million for the second quarter 2022, up 8,072%.
  • Gross profit of Tingo Group for the second quarter 2023, was $346.0 million, compared to gross profit of $2.1 million for the second quarter 2022.
  • Operating profit of Tingo Group for the second quarter 2023, was $181.7 million, compared to a loss of $13.8 million for the second quarter 2022.
  • EBITDA1 of Tingo Group for the second quarter 2023, was $283.1 million, compared to a EBITDA1 Loss of $12.2 million for the second quarter 2022.

Dole plc Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 17, 2023

The impact of foreign currency translation was not material in the quarter.

Key Points: 
  • The impact of foreign currency translation was not material in the quarter.
  • Please refer to the appendix of this release for an explanation and reconciliation of our historical non-GAAP financial measures used in this release to comparable GAAP financial measures.
  • On August 16, 2023, the Board of Directors of Dole plc declared a cash dividend for the second quarter of 2023 of $0.08 per share, payable on October 5, 2023 to shareholders of record on September 14, 2023.
  • A cash dividend of $0.08 per share was paid on July 6, 2023 for the first quarter of 2023.

Tapestry, Inc. Delivers Record EPS in Fiscal Year 2023

Retrieved on: 
Thursday, August 17, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230817769329/en/
    Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “We achieved record EPS this fiscal year, reinforcing the power of brand building, consumer-centric strategies, and disciplined execution.
  • We drove revenue gains at constant currency, significant gross margin expansion, and double-digit EPS growth despite a rapidly shifting backdrop.
  • Importantly, the acquisition is expected to be immediately accretive to adjusted earnings and support enhanced cash flow and financial returns.
  • The Company expects to report Fiscal 2024 first quarter results on Thursday, November 9, 2023.

Evogene Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 17, 2023

REHOVOT, Israel, Aug. 17, 2023 /PRNewswire/ -- Evogene Ltd. (Nasdaq: EVGN) (TASE: EVGN), a leading computational biology company aiming to revolutionize life-science-based product discovery and development utilizing cutting-edge computational biology technologies across multiple market segments, today announced its financial results for the second quarter period ended June 30, 2023.

Key Points: 
  • REHOVOT, Israel, Aug. 17, 2023 /PRNewswire/ -- Evogene Ltd. (Nasdaq: EVGN) (TASE: EVGN), a leading computational biology company aiming to revolutionize life-science-based product discovery and development utilizing cutting-edge computational biology technologies across multiple market segments, today announced its financial results for the second quarter period ended June 30, 2023.
  • Ofer Haviv, Evogene's President and Chief Executive Officer, stated: "The second quarter of 2023 marked a period of remarkable achievements for the Evogene group.
  • Revenues for the second quarter of 2023 were approximately $654 thousand compared to approximately $312 thousand in the same period the previous year.
  • This difference was mainly due to the U.S. Dollar and Shekel exchange rate differences between periods, a decrease in marketable securities value in the second quarter of 2022 and an increase in interest income during the second quarter of 2023.

RingCentral Announces Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023

RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the second quarter ended June 30, 2023.

Key Points: 
  • RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the second quarter ended June 30, 2023.
  • “We expect to generate $270 to $290 million of adjusted, unlevered free cash flow in 2023, much earlier than previously anticipated.”
    Revenue: Total revenue was $539 million for the second quarter of 2023, up from $487 million in the second quarter of 2022, representing 11% growth.
  • Adjusted EBITDA: Adjusted EBITDA for the second quarter of 2023 was $125 million, or 23.2% of total revenue, compared to $73 million, or 14.9% of total revenue, for the second quarter of 2022.
  • What: RingCentral financial results for the second quarter of 2023 and outlook for the third quarter and full year of 2023.