Focused growth wow

S.D. Shibulal, chief executive officer of Infosys, speaks during the announcement of the company's quarterly financial results at their campus in the southern Indian city of Bangalore April 15, 2014. Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period. REUTERS/Stringer (INDIA - Tags: BUSINESS) - GM1EA4F1MK501 India's second-largest IT services company Infosys is "comfortable" with the higher revenue growth guidance of 14-16 per cent it gave for the full fiscal, as global IT spends are in "good shape" and digital focus of clients is "quite strong", CEO Salil Parekh said on Tuesday. Infosys' top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the … [Read more...] about IT spends in good shape; see continued strength in US, European markets: Infosys CEO

Share to Twitter Share to Linkedin It hides in plain sight in a Seattle neighborhood. A building that would not attract even a hint of curiosity. Inside it’s a bit of a different story as this seemingly bare-bones structure serves as the fulfillment center for Blue Nile , the world’s largest Internet retailer of diamond jewelry. It’s easy to view Blue Nile solely as an early eCommerce success story but perhaps its greatest feat is the ability to produce and ship jewels in a highly efficient manner  based on the individual requirements of an online order. This efficiency is one of the ways it earns the trusts of customers making a highly emotional purchase. The nondescript nature of the facility is due to security concerns. The merchandise is highly valuable, consisting of diamonds, colored gems and precious metals. Inside, multiple doors are used to enter and leave certain areas for security purposes. Workers were not identified in the story for the same … [Read more...] about How Blue Nile Delivered A Million Pieces Of Bridal Jewelry

Shares in graphics chipmaker NVIDIA Corporation ( NVDA ) plunged Monday and continued its drop on Tuesday after the company said it expects revenue to come in significantly below its earlier estimate, primarily due to weaker gaming sales. The Santa Clara, California-based chipmaker released preliminary second quarter (Q2) earnings yesterday, showing revenue reaching $6.7 billion, well below its earlier outlook of $8.1 billion. The revised figures represent the top line contracting 19% sequentially from the previous quarter and 3% from the prior year. Key Takeaways Nvidia released preliminary Q2 earnings that show revenue of $6.7 billion, well below the chipmaker’s prior forecast of $8.1 billion. The company said weaker-than-expected gaming sales drove the revenue shortfall. Nvidia’s data center sales helped offset gaming weakness, with the segment growing 1% sequentially and 61% from the same quarter a year ago. Management sees long-term margins remaining … [Read more...] about Nvidia (NVDA) Plunges After Q2 Preliminary Results Show Weaker Gaming Revenue

Share to Twitter Share to Linkedin When it comes to mobile-first populations, India leads the list. The country counts more than 1 billion active mobile subscriptions with a massive appetite for mobile apps and interaction. On a single day in December 2021, for example, an astounding 1.06 billion mobile subscribers were active on their phones. Fast forward to 2022, and the State of Mobile 2022 report by Data.ai , a market intelligence and decision-making platform for the mobile app economy, shows app downloads in India hit the highest levels yet. What's more, the report highlights an uplift in the two metrics that matter most to marketers: time and money spent on apps. Indian consumers spent roughly one-third of their waking hours on mobile, using their devices for an average of 4 hours and 42 minutes per day in 2021. Compare that to the average daily television viewership of around 3 hours and 17 minutes per day, and it's clear mobile is where the … [Read more...] about Targeting India’s Smaller Cities Paves The Way To Mobile Commerce Gold

Share to Twitter Share to Linkedin Latin America is going bad – very bad. Many of the region's large economies have lurched toward leftist populism in recent years. With the election of former guerrilla leader Gustavo Petro to the presidency, Colombia seems to be another victim of the trend. But for such leftists, the big prize is still to be captured: Brazil. With almost half of South America's economy and population and bordering ten countries, what happens in Brazil is always relevant for the Americas and the world. The country's upcoming presidential election is a case in point. The two leading candidates, Luiz Inácio Lula da Silva and Jair Bolsonaro, both have plenty of detractors. Local and foreign media cover their campaigns and road to the election. There is seldom coverage of those who work outside the political party system to try to influence Brazil's future. I want to highlight some of them here. I will only focus on non-religious organizations … [Read more...] about Promoting The Free Economy In Brazil

Representative Image In the August Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das said that the Indian Rupee (INR) has fared “much better than several reserve currencies as well as many of its EME and Asian peers”. The Governor also added that the INR has depreciated “more on account of the appreciation of US dollar rather than weakness in macroeconomic fundamentals of the Indian economy”. Of late, there has been a lot of discussion around the INR. Towards the end of July, the rupee touched 80 against a US dollar , leading to discussions that it is a sign of a weakening Indian economy. But, is this the case? First, exchange rate increasing or decreasing against a foreign currency is not a sign of weakness or strength. In fact depreciation of the currency is often cited as a positive development for the domestic economy. If a currency depreciates against a foreign currency, the exports become cheaper with respect to the other country, and imports … [Read more...] about USD vs INR | India’s macroeconomic fundamentals are strong

Share to Twitter Share to Linkedin An investor group comprised of Bain Capital Private Equity, Bow Street and Adama Partners completed the acquisition of online diamond and jewelry retailer, Blue Nile, Friday for $40.75 per share in cash, the Seattle-based company said in a statement. A Securities and Exchange Commission 8-K document said the “total amount of funds used to complete the merger and related transactions and pay related fees and expenses was approximately $520 million.” The transaction was first announced on Nov. 7, 2016 , and was approved by Blue Nile's shareholders on February 2. Trading in Blue Nile’s common stock on NASDAQ will end February 21. “Blue Nile has disrupted and transformed the way consumers shop for and purchase diamonds and fine jewelry by creating price transparency while simultaneously providing value to suppliers,” said Blue Nile chairman, CEO and president Harvey Kanter. “As we enter the next phase of growth, Blue Nile will … [Read more...] about Blue Nile Acquisition Completed, Company To Go Private

Miso head Victor Ching is aiming to replicate his app’s success in home cleaning to sweep up new business at home and overseas. O ver the past seven years, Victor Ching has carved out a niche in the home cleaning space in South Korea with an app called Miso. Though it’s a relatively small market compared to online payments or food delivery, the app, which connects cleaners with clients, is the category leader in the country by users. Miso, which means “smile” in Korean, has handled more than 5 million bookings since its founding in 2015. Of those, almost 90% have come from repeat customers, the Seoul-based company says. Top startup investors including Silicon Valley incubator Y Combinator and Los Angeles-based Strong Ventures have backed Miso, which has raised over $11 million to date. After years of steady growth in South Korea’s home cleaning market, cofounder and CEO Ching is taking Miso to the next stage. He’s aiming to replicate Miso’s success with the 70 other … [Read more...] about Korean House Cleaning App Miso Wants To Become The Amazon Of Home Services

Share to Twitter Share to Linkedin AI is learning from data. Practical AI is the successful (and unsuccessful) learning from data by enterprises. “Learning” in the context of AI is computer-based data classification based on examples. Today’s AI (“deep learning”) is a method of statistical analysis that can classify lots and lots of data along many dimensions. In the last decade or so it has been applied successfully to a variety of tasks, with researchers demonstrating its usefulness first in image analysis and later in text analysis (“natural language processing” or NLP). These breakthroughs have encouraged many researchers to focus their work on AI. The total number of AI publications grew from 162,444 in 2010 to 334,497 in 2021, according to the 2022 AI Index Report . In 2021, a PubMed search of papers with the keyword “deep learning” returned 14,685 citations, up from 107 papers in 2010. What has been the real-world impact of this … [Read more...] about Recent Anecdotal Evidence Of Practical AI

The Ayala group’s AC Energy Corp. (Acen) saw its second quarter consolidated net income jump by 25 percent to P1.8 billion as its domestic operations returned to profitability while its overseas projects revved up their output. Second-quarter results significantly improved — albeit not enough to reverse profit decline — in the first semester, with Acen’s net income falling by 19 percent to P2.2 billion. From April to June alone, Acen’s net income got a boost from fresh contributions from new power generators here and abroad, as well as the easing of transmission restrictions in the Visayas grid. Acen’s generators in the Visayas were forced to limit the output they delivered in the aftermath of Typhoon Odette in December, damaging transmission facilities. This worsened the “curtailment,” or forced reduction of supply deliveries, that had resulted in a June 2021 incident that damaged a major undersea transmission cable that links the islands of Negros and Cebu. The company said … [Read more...] about Acen’s Q2 profit up 25% as local operations rebounded