🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Apollo Global's third-quarter profit rises 12%, beating estimates

VCCircle

VCCircle · 9m ago

Apollo Global's third-quarter profit rises 12%, beating estimates

Apollo Global Management exceeded expectations with a 12% increase in third-quarter profit, driven by the company's ability to gather more assets and originate record amounts of debt and other capital. The firm posted adjusted net income of $1.13 billion, or $1.85 per share, beating analysts' average estimate of $1.72 per share. Apollo's strong performance was attributed to its record fee-related earnings of $531 million and origination volume of $62 billion. The company also reported growth in its total assets under management and announced a dividend of 46.25 cents per share.

Related News

SentinelOne misses quarterly profit estimates, shares fall

Economic Times

Economic Times · 8m ago

SentinelOne misses quarterly profit estimates, shares fall

SentinelOne, a cybersecurity company, reported breakeven earnings for the third quarter, falling short of analyst expectations of a 1 cent profit per share. The company's shares dropped over 12% in after-hours trading. SentinelOne faces stiff competition from larger rivals such as Palo Alto Networks and CrowdStrike, who have also reported strong quarterly results. Despite missing profit estimates, SentinelOne raised its fiscal 2025 revenue forecast and expects fourth-quarter revenue to be $222 million, slightly above market estimates. The company's third-quarter revenue of $210.6 million surpassed expectations.

Nike reports Q1 profit of $1.45 billion, beats estimates

Livemint

Livemint · 1y ago

Nike reports Q1 profit of $1.45 billion, beats estimates

Nike, the world's largest sportswear maker, reported a first-quarter profit of $1.45 billion, beating estimates. Despite missing revenue estimates, the company successfully reduced inventories and forecasted an increase in second-quarter gross margins. Nike plans to focus on running and modern comfort products to capitalize on consumer demand, as well as refresh its basketball shoe portfolio. While North America revenue fell, Nike's share price rose almost 10% in after-market trading.

Microsoft results top Wall Street targets, driven by AI investment

Economic Times

Economic Times · 1y ago

Microsoft results top Wall Street targets, driven by AI investment

Microsoft reported better-than-expected third-quarter revenue and profit, driven by the adoption of artificial intelligence across its cloud services. The company's shares jumped over 4% in after-hours trading, increasing its market value by $128 billion. Microsoft's revenue rose 17% to $61.9 billion, surpassing estimates, with earnings per share of $2.94 beating the target. The Intelligent Cloud unit, including Azure, saw revenue of $26.7 billion, surpassing expectations. Microsoft's focus on AI innovation, such as its partnership with OpenAI and the release of genAI tools, has contributed to its success.

In slow December quarter, TCS beats Infosys

Livemint

Livemint · 1y ago

In slow December quarter, TCS beats Infosys

Tata Consultancy Services (TCS) has outperformed Infosys in the December quarter as its revenue rose by 1% sequentially, beating profit estimates. A significant portion of TCS's growth was driven by a large contract with BSNL. However, both TCS and Infosys are at risk of registering their slowest annual growth due to the global economic slowdown. Additionally, the combined workforce of both companies declined by 11,781 employees during the quarter. TCS reported a revenue of $7.28 billion and a net profit of $1.41 billion, while Infosys reported revenue of $4.66 billion and a net profit of $733 million.

BlackBerry reports surprise profit on demand for cybersecurity services

Reuters · 1y ago

BlackBerry reports surprise profit on demand for cybersecurity services

Canadian company BlackBerry surprised investors with a fourth-quarter profit, driven by increased demand for its cybersecurity services amidst a rise in online crimes and high-profile hacks. The company reported an adjusted net profit of 3 cents per share, beating analysts' expectations. BlackBerry's revenue stood at $173 million, with its cybersecurity unit experiencing a 5% increase in revenue and its IoT business seeing a 25% jump. The company aims to separate its divisions and drive towards profitability, with a target of a $100 million annual profit increase. However, first-quarter revenue is projected to be lower than analysts' estimates.

ITC June quarter profit flat at ₹4,917 cr, revenue rises 7.2% to ₹18,220 cr | Mint

Livemint

Livemint · 1y ago

ITC June quarter profit flat at ₹4,917 cr, revenue rises 7.2% to ₹18,220 cr | Mint

ITC Ltd reported a 0.30% rise in standalone net profit for the June quarter, missing market expectations. Net profit stood at ₹4,917.45 crore, slightly higher than the previous year but falling short of the estimated ₹5,160 crore. However, revenue from operations grew by 7.2% to ₹18,219.74 crore, exceeding estimates. The company remains optimistic about consumption demand, citing moderating inflation, improving agri terms of trade, and government initiatives. Expenses increased by 10.8% during the quarter, impacting the overall margins of the company. The FMCG segment (excluding cigarettes) saw 6.3% growth in revenue.

Adobe drops as weak forecast fans worries about competition, AI efforts

Economic Times

Economic Times · 1y ago

Adobe drops as weak forecast fans worries about competition, AI efforts

Adobe's shares dropped by 12% after the company released a disappointing quarterly forecast. The lackluster forecast raises concerns about competition and the company's ability to profit from AI integrations. Adobe faces competition from startups challenging its dominance in the graphics industry. The company's revenue forecast for the quarter fell below estimates, and its overall market value is expected to decrease significantly. Despite being in the early stages of monetizing AI, Adobe announced a $25 billion stock buyback. The stock currently trades at 30.41 times forward profit estimates.

Google parent Alphabet beats quarterly revenue estimates

Economic Times

Economic Times · 9m ago

Google parent Alphabet beats quarterly revenue estimates

Alphabet, the parent company of Google, reported better-than-expected third-quarter revenue thanks to strong growth in its digital advertising business and increased demand for its cloud services. Digital ad sales rose to $65.85 billion, while revenue from Google's cloud platform reached $11.35 billion, surpassing analysts' estimates. The company's profit of $2.12 per share also exceeded expectations. Overall, Alphabet experienced a 15% increase in revenue to $88.27 billion during the quarter.

Chip tech provider Arm forecasts first-quarter revenue below estimates

Economic Times

Economic Times · 3m ago

Chip tech provider Arm forecasts first-quarter revenue below estimates

Arm Holdings' forecasts for the first quarter fall below Wall Street estimates amid global trade tensions impacting its chip architecture revenue used in smartphones and data centers. Despite beating fourth-quarter revenue expectations, Arm offered cautious forecasts due to US tariffs and semiconductor curbs affecting the outlook. Arm's shares fell over 8% after the forecast. CEO Rene Haas cited macroeconomic factors and licensing deal uncertainties as reasons for cautious guidance, despite ongoing growth in chip royalties.

Coforge Q4 results: Net profit rises 95% at ₹224 crore

Livemint

Livemint · 1y ago

Coforge Q4 results: Net profit rises 95% at ₹224 crore

Indian IT company Coforge reported slightly lower than expected fourth-quarter revenue due to weak tech spending from clients. The company's consolidated revenue rose by 8.7% YoY to INR 23.59 billion, falling short of analysts' estimates. However, net profit surged by 95% to INR 2.24 billion. Coforge also revealed plans to acquire up to a 54% stake in Cigniti Technologies and aims to grow revenue to $2 billion by fiscal 2027 while improving operating margin by 150–250 basis points in the same period.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.