tldrdaily.news logo
Tag

Revenue Projection

All articles tagged with #revenue projection

business-technology1 year ago

Twilio Faces Stock Decline and Revenue Forecast Concerns

Twilio Inc. projected lower-than-expected revenue for the current quarter following the departure of its longtime CEO amid pressure from activist investors. The company's shares dropped about 10% in extended trading. The new CEO highlighted the underperformance of the Segment business unit and emphasized a focus on improving core communication services. Twilio's struggles with revenue growth and investor excitement have led to job cuts and a review of its business units, with potential structural changes anticipated under the new leadership.

via Yahoo Finance|
#activist-investors#business-technology#ceo-change
business2 years ago

Byju's Reports Revenue Growth Despite Losses in FY22

Indian edtech giant Byju's has reported revenue of $429.18 million for its core business in the financial year ending March 2022, falling short of its projected $1.25 billion revenue. The company also missed its revenue projection for the previous financial year and has faced delays in filing its financial accounts. Byju's is currently dealing with various challenges, including the departure of its CFO, auditor Deloitte, and key board members. Investors are awaiting clarification on the financial accounts and resolution of governance issues. Byju's is planning to sell some of its acquired businesses to clear dues to lenders.

via TechCrunch|
#business#byjus#edtech