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Customers

All articles tagged with #customers

business4 months ago

Nvidia's Revenue Heavily Reliant on Two Key Customers

Nvidia's Q2 revenue was heavily driven by just two customers, accounting for 39% of sales, amid record earnings of $46.7 billion fueled by AI data center growth. The company’s revenue concentration highlights reliance on a few large clients, with significant contributions from large cloud service providers. Meanwhile, Revolut is planning a secondary share sale at a $75 billion valuation, allowing employees to sell up to 20% of their shares, as the fintech expands internationally and seeks a U.S. banking license.

via PYMNTS.com|
#ai#business#chip-industry
business4 months ago

Nvidia's Two Mystery Customers Drive 39% of Q2 Revenue

Nearly 40% of Nvidia's Q2 revenue came from just two customers, with one accounting for 23% and the other 16%, highlighting a significant customer concentration risk despite strong overall growth driven by AI data centers. The company reported record revenue of $46.7 billion, up 56% year-over-year, but the reliance on a few large customers raises concerns about future stability.

via TechCrunch|
#ai-data-center#business#customers
business1 year ago

"Verizon Settles for $100M: Deadline Approaches"

Verizon customers have until April 15 to file a claim for the $100 million settlement over undisclosed fees, with potential payouts ranging from $15 to $100. The settlement addresses claims of deceptive and unfair administrative fees charged to around 58 million wireless customers, with eligible consumers including current and former Verizon customers who had wireless or data services between Jan. 1, 2016, and Nov. 8, 2023. Customers who did not receive a notification can sign up on the settlement website using their name and Verizon account number.

via NJ.com|
#business#customers#fees
business1 year ago

"Walmart Customers Could Be Eligible for Up to $500 in Unclaimed Funds"

Walmart has reached a $45 million settlement in a class action lawsuit alleging overcharging for weighted goods and bulk citrus, potentially entitling customers who shopped at the retailer between Oct. 19, 2018, and Jan. 19, 2024, to up to $500. The cash payments will vary based on purchases and receipt retention, with a deadline of June 5 for filing claims.

via WAPT Jackson|
#business#class-action-lawsuit#customers
business1 year ago

"Claim Your Share: Walmart Shoppers Eligible for Up to $500 in Settlement"

Walmart has reached a $45 million settlement in a class-action lawsuit over allegations of overcharging customers for certain products. Shoppers who bought weighted goods and/or bagged citrus at Walmart stores in the US or Puerto Rico between October 19, 2018, and January 19, 2024, could be eligible for cash payments ranging from $10 to $500, depending on the number of items purchased and whether they have receipts or proof of purchase. Customers have until June 5, 2024, to file a claim online or via mail.

via CNN|
#business#class-action-settlement#customers
regional-news1 year ago

"Winter Storm Causes Widespread Power Outages and Emergency Declarations in Capital Region"

Thousands of customers in the Capital Region are experiencing power outages across multiple counties, with some areas expected to have power restored by 8 p.m. while others are still being assessed for restoration times, impacting various communities including Guilderland, Colonie, Albany, Menands, Watervliet, Clifton Park, Halfmoon, Troy, North Greenbush, Brunswick, Altamont, Knox, Schodack, and East Greenbush.

via NEWS10 ABC|
#capital-region#customers#national-grid
business2 years ago

The Impact of Inflation on Girl Scout Cookies: Discontinued Varieties and Rising Prices

Inflation has led to a price increase for Girl Scout cookies, with many regional councils raising the price to cover rising costs. The popular cookies, such as Samoas, that used to sell for $5 will now cost $6 in many parts of the United States. Despite the increase, customers are still willing to pay, and the price hike serves as a lesson for young cookie sellers about running a business and dealing with real pressures, including inflation. The proceeds from cookie sales cover about 70% of the Girl Scouts' budget in San Diego, and despite the price increase, sales have remained strong.

via NPR|
#business#customers#girl-scout-cookies
business2 years ago

Evergy Reaches Settlement on Rate Increase Proposal with KCC in Kansas

Evergy has reached an agreement with the Kansas Corporation Commission (KCC) on a rate increase proposal, resulting in a 4.05% increase for Evergy Kansas Central customers and a 4.75% decrease for Evergy Kansas Metro customers. The settlement represents a net increase of $74 million for the former and a net decrease of $32.9 million for the latter. Evergy initially requested a higher rate hike, but the KCC staff determined that a lower increase and a decrease were more appropriate. The agreement allows Evergy to recover investments in improving the electric grid while maintaining regional rate competitiveness.

via KWCH|
#business#customers#evergy
world-news2 years ago

Violent Restaurant Brawl Unleashed as Italian Waiters Clash with 'Foreign' Patrons in Venice

A brawl broke out between waiters and customers at Caffè Chioggia in Venice's St. Mark's square, involving seven waiters and four patrons with a "foreign nationality." The fight started after a verbal altercation, with waiters pushing a customer away. The customers fought back, escalating the situation into a larger brawl. Similar incidents have been reported globally, including a recent incident at an American pizza chain and a fight at a Florida wing restaurant.

via New York Post |
#customers#italy#restaurant-brawl