All articles tagged with #growth targets
Microsoft's stock dropped over 2% following reports that the company lowered growth targets for AI product sales after salespeople missed their goals, though Microsoft denied reducing sales quotas, citing a misinterpretation of growth versus quotas, amidst broader challenges in AI adoption by traditional businesses.
Oracle's stock surged 7.7% after posting strong quarterly earnings and setting ambitious growth targets for 2026, including a 40% cloud growth rate, though analysts remain cautious about meeting these goals. The company's positive outlook and backlog of business have led to increased analyst optimism, with some raising price targets and maintaining buy ratings.
Activist investor Starboard Value has urged web services company GoDaddy to set specific and realistic growth targets, provide more detail on cost savings, and improve margins. Starboard, which holds a more than 6% stake in the company, believes GoDaddy should aim for at least 40% growth and profitability for fiscal 2025, and achieve free cash flow of $9 per share by this fiscal year and $14 per share by fiscal 2026. The investor also emphasized the need for "prudent" growth guidance and highlighted potential cost savings in technology and development.
China's population decline is accelerating as the economy hits its growth targets, posing significant demographic challenges for the country. The latest census data reveals a sharp decline in the population growth rate, raising concerns about the impact on the labor force and economic growth.
China's top economic meeting, the Central Economic Work Conference, outlined measures to tackle challenges and boost economic recovery in 2024. Despite facing difficulties such as lack of effective demand and an uncertain external environment, Chinese policymakers expressed confidence in the country's economic recovery and long-term positive outlook. The meeting emphasized the need for comprehensive fiscal and monetary policies to promote growth, with expectations that China's GDP growth could reach 5 percent in 2024. The focus will be on maintaining reasonable growth in quantity, strengthening fiscal policies, and supporting economic recovery through prudent monetary policy. Other priorities include preventing and defusing risks in major areas, promoting high-quality development through innovation, expanding domestic demand, and supporting state-owned enterprises and the private sector.
Adyen's shares surged after the payments giant unveiled new growth targets and a detailed pathway to achieve them, easing investor concerns about the company's trajectory. Executives outlined more realistic net revenue and profitability targets for the next three years during a presentation, which helped regain investor confidence.