Florida tech entrepreneurs Linda Olson and Brian Murphy, independently but together in spirit, faced a giant obstacle 15 years ago: they sought to start and quickly grow tech organizations in Tampa, a city on Florida’s Gulf Coast known more for cigars and Cuban sandwiches than gigabytes and cloud-based software. And in the business community, Tampa…
Goals of Being
Many years ago one of my goals for public speaking was to design and deliver my own three-day workshop on the Las Vegas Strip. I first achieved that goal in 2009. That was a goal of doing. Another goal I had for public speaking was to develop such strong comfort with public speaking that I…
Goldman Sachs Cuts US Growth Forecast as Commodity Prices Bite
SINGAPORE—Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending. The investment bank cut its annualized growth forecast to 2.9 percent against a previous expectation of 3.1 percent. It expects fourth-quarter real gross domestic product growth…
Record US Trade Deficit, Slowing Wholesale Inventory Gains Seen Curbing Economic Growth
WASHINGTON—The U.S. trade deficit widened to a record high in January as businesses imported more goods to rebuild inventories, potentially setting up trade to remain a drag on economic growth in the first quarter. Though inventory accumulation continues, the pace is cooling, with other data from the Commerce Department on Tuesday showing the increase in…
US Economic Recovery Slows
Commentary With economic sanctions against Russia going into place and little precise knowledge of their effect—on Russia or the United States—America’s post-lockdown recovery otherwise seems to be losing momentum. For months, growth in sales and employment had broken records, as had the pace of new business formation. Now, though the statistical picture is by no…
Shift4 Clocks 89 Percent Revenue Growth in Q4; Reveals Deals for Global Expansion, Crypto Capabilities
Shift4 Payments Inc. reported fourth-quarter FY21 gross revenue growth of 89 percent year-on-year to $399.4 million, beating the consensus of $382.9 million. Gross revenue minus network fees were up 65 percent Y/Y to $146.9 million. End-to-end payment volume climbed 97 percent Y/Y to $13.4 billion. Adjusted EPS of $0.08 missed the consensus of $0.18. Adjusted EBITDA improved…
Cars.com Clocks 3 Percent Revenue Growth in Q4; Plans $200 Million Buyback
Automotive marketplace platform Cars.com Inc. reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to $158.30 million, marginally missing the consensus of $158.37 million. Average Monthly Unique Visitors improved 6 percent Y/Y to 23.6 million. Traffic (Visits) of 134.0 million dropped 3 percent Y/Y. Monthly Average Revenue Per Dealer of $2,333 was up 3 percent Y/Y, driven…
Iron Mountain Clocks 9 Percent Revenue Growth in Q4 Aided by Expanded Offerings, Resilient Storage Businesses
Iron Mountain Inc. reported fourth-quarter FY21 revenue growth of 9 percent year-on-year to $1.16 billion, beating the consensus of $1.15 billion. Storage Rental Revenue grew 4 percent Y/Y to $725 million. Service Revenue rose 20 percent Y/Y to $434 million. The adjusted EBITDA margin expanded 180 bps to 37.1 percent. Adjusted EPS of $0.43 beat the…
Japan’s February Factory Activity Growth Falls to 5-month Low: Flash PMI
TOKYO—Japan’s manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on the world’s third-largest economy. Activity in the services sector shrank at the fastest rate since May 2020 as demand weakened after the country saw coronavirus infections spike…
Trimble Clocks 12 Percent Revenue Growth in Q4; Issues FY22 Guidance
Trimble Inc. reported fourth-quarter FY21 revenue growth of 12 percent year-on-year to $926 million, beating the consensus of $895.6 million. Annualized recurring revenue was $1.41 billion, up 9 percent Y/Y. Product revenue grew 14.6 percent Y/Y to $562 million. Service revenue was flat at $165.1 million. Subscription revenue rose 14.2 percent Y/Y to $198.9 million. The…
US News
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