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Business Services

All articles tagged with #business services

businessfinance1 year ago

"Assessing Palantir's Q4 Earnings and AI Growth Stock Potential"

Palantir Technologies Inc. is set to report its fourth-quarter 2023 results, with expectations of significant year-over-year improvement in top-line driven by healthy business from existing and new customers. The Zacks Consensus Estimate for total revenues stands at $603.5 million, indicating 18.7% growth from the year-ago reported quarter. The company's Government and Commercial segments are expected to show growth, with Government revenues estimated at $332 million and Commercial revenues at $272 million. Additionally, Gartner (IT) and Fiserv (FI) are also expected to declare their fourth-quarter results, with positive outlooks for revenue and earnings growth.

via Yahoo Finance|
#business-services#businessfinance#earnings
businessfinance2 years ago

Verizon's $5.8B Write-Down Reflects Struggles in Business Unit

Verizon Communications Inc reported a $5.8 billion write-down in the value of its business services division, attributed to ongoing declines and pressures from competition and macroeconomic factors, particularly in its legacy wireline operations. The write-down reflects challenges in its enterprise operations, with the wireline business experiencing a significant decrease in demand. Despite this, Verizon's wireless segment showed growth, and the company continues to focus on expanding its consumer unit.

via Yahoo Finance|
#business-services#businessfinance#competition
business2 years ago

"Verizon's $5.8 Billion Write-Off Amid Declining Enterprise Sales"

Verizon Communications Inc. is taking a $5.8 billion write-down on its business services division, citing secular declines, competitive pressure, and macroeconomic challenges. The non-cash goodwill impairment charge reflects the company's struggling enterprise operations, with the balance of its business unit reduced to $1.7 billion at the end of 2023.

via Bloomberg|
#business#business-services#sales-decline