Share to Twitter Share to Linkedin Mike Dickerson is the Chief Executive Officer of ClickDimensions , a leader in marketing for Microsoft Dynamics 365. Strengthening revenue operations is crucial to navigating the post-pandemic revenue reckoning. According to Forrester, companies that embrace revenue operations enjoy 19% faster growth and 15% more profits . But how can teams tactically accomplish this? The key is data. Data is the fuel that powers the revenue operations engine, yet only 26% of companies report being data-driven or making strategic decisions based on data analysis and interpretation. This means most companies trying to implement a revenue operations strategy are doomed before they start. Luckily, there are steps you can take today to better position your company for bottom-line success. By ensuring your company data is complete, consolidated and comprehensible, you can make the necessary strides to optimize and drive … [Read more...] about Aligning Your Data Around Revenue Operations: Three Steps To Take Today
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Apple (AAPL) CEO Cook Backs Proposed Privacy Legislation
Apple Inc. ( AAPL ) Chief Executive Officer ( CEO ) Tim Cook has sent a letter to key members of Congress stating that "Apple continues to support efforts at the federal level to establish strong privacy protections for consumers, and we are encouraged by the draft proposals your offices have produced." Cook noted that "the areas of agreement appear to far outweigh the differences." Cook's letter was sent in reference to the recently completed draft of the proposed legislation called the American Data Privacy and Protection Act. It was addressed to Senator Maria Cantwell (D-Washington), the chair of the U.S. Senate Committee on Commerce, Science, and Transportation, and Representative Frank Pallone (D-New Jersey), the chair of the U.S. House Committee on Energy and Commerce. The bill has potentially large ramifications for the business models , and thus the profitability, of several leading U.S. high tech companies. Key Takeaways Apple (AAPL) CEO Tim Cook has … [Read more...] about Apple (AAPL) CEO Cook Backs Proposed Privacy Legislation
Glomac 4QFY22 net profit jumps almost threefold as project margins improve
- A + A KUALA LUMPUR (June 29): Property developer Glomac Bhd's net profit jumped almost threefold to RM15.11 million for the fourth quarter ended April 30, 2022 (4QFY22) from RM5.46 million a year ago — despite weaker revenue — as project margins improved. In a filing with Bursa Malaysia, the group reported that revenue fell 37% to RM73.59 million for 4QFY22 from RM116.03 million a year ago due to lower construction activities. Earnings per share for the quarter grew to 1.97 sen, from 0.71 sen previously. The group proposed a dividend of 1.5 sen per share, up from one sen previously, subject to shareholders approval at its upcoming annual general meeting. For the full FY22, the group's net profit grew 29% to RM36.49 million from RM28.22 million in FY21, despite revenue dropping 29% to RM259.49 million from RM366.91 million. "Performance was impacted by the pandemic lockdowns in CY2021, but profitability was partly lifted by cost saving initiatives implemented … [Read more...] about Glomac 4QFY22 net profit jumps almost threefold as project margins improve
Seng Fong IPO’s public portion oversubscribed by 3.09 times
- A + A KUALA LUMPUR (June 29): Seng Fong Holdings Bhd, which is slated to list on Main Market of Bursa Malaysia on July 7, said its initial public offering (IPO)’s public portion was oversubscribed by 3.09 times. The rubber processor and exporter said in a statement that it received 3,968 applications seeking 106.05 million new shares made available for the Malaysian public under the IPO. A total of 2,097 applications for 31.76 million new shares were received under the Bumiputera category, representing an oversubscription rate of 1.45 times, while a total of 1,871 applications for 74.28 million new shares were received under the public portion, representing an oversubscription rate of 4.73 times. Meanwhile, the 16.25 million IPO shares available to the eligible directors and employees of the group and persons who have contributed to the success of the group have also been fully subscribed. Commenting on the IPO, Seng Fong managing director Er Hock Lai said the … [Read more...] about Seng Fong IPO’s public portion oversubscribed by 3.09 times
Amazon cloud unit on course for US$3 tril value, Redburn says
- A + A LONDON (June 29): Amazon.com Inc’s cloud-storage business is on a clear path toward a US$3 trillion value, almost triple what the whole company is worth now in the stock market, according to a Redburn Ltd analyst. The unit, Amazon Web Services, is so powerful that the company may decide at some point to split it off from the massive, slower-growing online retail operation, analyst Alex Haissl wrote in a 128-page report initiating coverage of the cloud-computing industry. He didn’t say when the US$3 trillion value may be achieved. “Separating AWS may not be on the table for now, but if the performance gap versus the non-AWS parts continues to widen, it could be on the table further down the road,” wrote Haissl, a former head of automotive research at Berenberg and Credit Suisse Group AG who began his career as a police officer in Vienna. Haissl recommends buying Amazon shares and sees the stock reaching US$270 in the next year, the highest target on … [Read more...] about Amazon cloud unit on course for US$3 tril value, Redburn says
Should Cypark shareholders be worried?
This article first appeared in The Edge Malaysia Weekly, on June 13, 2022 - June 19, 2022. - A + A STARTING out as a waste management and environmental company before venturing into the renewable energy (RE) space, Cypark Resources Bhd has been the proxy for the RE theme play, given its exposure to the niche landfill-sanitisation market and the fact that it is the only company of its kind in Malaysia. While there have been ups and downs for Cypark since it was listed about 12 years ago, the last three weeks have been arguably the most challenging period for the company, which intends to convert solid waste into electricity. Its share price plunged 55% to 31 sen on June 10, from 69 sen on May 20. Concerns have been raised over the delays of Cypark’s ongoing projects, including its floating solar plant in Tasik Danau Tok Uban (DTU) in Pasir Mas, Kelantan, and its solid waste modular advance recovery and treatment waste-to-energy (SMART WTE) plant in Ladang … [Read more...] about Should Cypark shareholders be worried?
Opinion: Airlines are facing pressure from all directions
Tom Stalnaker is an Oliver Wyman partner and the firm's global aviation sector lead. Khalid Usman is a partner in Oliver Wyman's transportation and services practice specializing in airline economics. Andrew Buchanan is a vice president in Oliver Wyman's transportation and services practice. The opinions expressed in this commentary are their own. After two years of enduring masks, social distancing and quarantines, there's not much that can come between consumers and their summer vacations this year. Outbreaks of Covid-19 no longer seem to stop them from traveling — and based on recent demand for air travel, neither do higher prices for getaways. But while consumers may have gotten over fears of Covid, the economy is still riddled with its impacts — including high fuel prices , disrupted supply chains, and a labor market filled with workers hoping to work at least part of the time from home. For airlines, busy summer travel is turning into a season of operational … [Read more...] about Opinion: Airlines are facing pressure from all directions
An Investor’s Mind: 6 Ways It Can Block The Path To Long Term Wealth
Share to Twitter Share to Linkedin With the U.S stock market experiencing its first significant correction in a couple of years, it seems like a good time to discuss some of the psychological biases that can negatively influence investor behavior: 1. Confirmation We all tend to actively seek out information that supports opinions we have already formed and to digest facts which suit our own world view. Investors commonly ignore or avoid reading critical opinions and reports about investments in which they already have large positions and seek confirmation from analysts and the media that the original decisions they made to buy and keep are still good ones. Just as great leaders will listen intently to those with whom they disagree, great investors should listen to the growling bears going in the opposite direction from the thundering herd of bulls. 2. Anchoring The price an investor initially pays for a stock can act as an unfortunate psychological … [Read more...] about An Investor’s Mind: 6 Ways It Can Block The Path To Long Term Wealth
Methodology: Forbes Best-In-State Wealth Advisors 2022
Share to Twitter Share to Linkedin Here's what our research has found: the very best advisors are laser focused on having a positive impact on their clients' lives, they want to add meaning and help them live better lives. This is how we think about our research process every day. If we're going to recommend advisors to the public, we have to make sure every advisor is high quality. When we meet with an advisor in person or on the telephone we are thinking to ourselves: Is this someone that can offer impact. And would we recommend this advisor to a friend or family member?' Our Best-In-State Wealth Advisor rankings are published annually, but they don’t tell the whole story: most of these advisors are concentrated around the bigger markets such as New York and San Francisco. We've uncovered great advisors in all markets—South Carolina, Oklahoma, and other states with smaller concentrations of wealth. It is our belief clients are oftentimes better … [Read more...] about Methodology: Forbes Best-In-State Wealth Advisors 2022
Trip.com Financial Results Beat & Benefits From China Covid Easing
Share to Twitter Share to Linkedin Key News Asian equities were largely higher as China, the Philippines, and Malaysia outperformed. Hong Kong and China both opened lower but did a mid-day 180 as reports came in that visitors to China will have their fourteen-day quarantine reduced to seven days. The post-quarantine at-home quarantine was also reduced to three days from seven. Travel-related stocks outperformed today, such as Trip.com HK (9961 HK) +16.54%, Macau casinos, hotels, and airlines. Coincidentally Trip.com (TCOM US) reported Q1 2022 results after the US close yesterday that beat analyst expectations (revenue RMB 4.11B versus estimate RMB 3.85B, adjusted EPS RMB -0.06 versus analyst expectations of RMB -0.46). Reports that Chinese President Xi Jinping will be in Hong Kong this Friday, appear to be confirmed, opening the possibility for more financial reform announcements for the city. Western media seems to be picking up on the reality that … [Read more...] about Trip.com Financial Results Beat & Benefits From China Covid Easing