Total revenue of $277.2 million grew 20% year-over-year and exceeded outlook Net loss improved to ($29.7) million and positive Adjusted EBITDA1 of $14.0 million exceeded outlook of $12 million The monthly ARPU2 in the quarter grew 24% year-over-year to ~$527 Gross profit of $114.3 million, increased by 19% year-over-year Lightspeed raises Fiscal 2025 Adjusted EBITDA1 outlook3 to a minimum of $50 million from a minimum of $45 million Lightspeed reports in US dollars and in accordance with IFRS. MONTREAL, Nov. 7, 2024 /PRNewswire/ – Lightspeed Commerce Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) (NYSE: LSPD), today announced financial results for the three and six months ended September 30, 2024. Lightspeed is the unified POS and payments platform for ambitious entrepreneurs to accelerate…
Author: PRNEWSWIRE
Third quarter revenue grew 26% year-over-year to $690 million Robust growth of larger customers, with about 3,490 $100k+ ARR customers, up from about 3,130 a year ago Announced general availability of Datadog Monitoring for Oracle Cloud Infrastructure NEW YORK, Nov. 7, 2024 /PRNewswire/ — Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced financial results for its third quarter ended September 30, 2024. “Datadog executed well in the third quarter, with 26% year-over-year revenue growth. We continued to broaden our platform to help our customers observe, secure, and act on their mission-critical cloud applications,” said Olivier Pomel, co-founder and CEO…
HONG KONG, Nov. 6, 2024 /PRNewswire/ — The October 2024 Global Sources Hong Kong Shows at AsiaWorld-Expo have concluded recently. The three-phase show program, spanning multiple sectors including Consumer Electronics, Electronic Components, Smart Home, Lifestyle, Sports & Outdoor, and Baby & Children, attracted nearly 5,000 premium Asian suppliers and showcased over 500,000 innovative products, setting a new record for exhibitor participation. The show recorded more than 120,000 attendees, with a marked increase in the presence of professional buyers from Eastern Europe, the Middle East, and Southeast Asia. Since their inception, the Global Sources Hong Kong Shows have become an important trade sourcing platform in Asia, leveraging the advantages of industry-specific…
New partnership to focus on network scaling projects and new services rollout, as well as end-to-end network orchestration, integration and control RA’ANANA, Israel, Nov. 5, 2024 /PRNewswire/ — DriveNets, a leader in innovative networking solutions, and Radisys, a global leader in open telecom solutions, today announced a partnership to deliver end-to-end networking projects that enhance network scale and accelerate new services rollouts for European service providers. This partnership expands DriveNets’ growing global partner ecosystem, extending the company’s presence in Europe. Through this partnership, Radisys will provide end-to-end integration of DriveNets’ Network Cloud solution, as well as Radisys’ Connect Modular Broadband end-to-end control and orchestration system, for…
SINGAPORE, Nov. 5, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce a strategic partnership with Viction, a global Layer-1 blockchain that empowers builders at every level through accessible and scalable infrastructure, along with holistic guidance. In collaboration with the Ninety Eight (formerly known as Coin98) ecosystem, this partnership aims to expand WUSD’s reach, strengthening its role as a stable and accessible digital asset across the evolving Web3 landscape. Together, WSPN, Viction, and Ninety Eight will enhance interoperability, boost liquidity, and drive local market adoption, with a strong focus on growth in emerging markets. Expanding WUSD as a Native Stablecoin on Viction WSPN will…
Sales of $1.13 billion, down 1.4 percent from last year Third-quarter earnings per share of $1.16; adjusted EPS of $1.23 Cash from operations of $123 million and free cash flow of $88 million Updates full-year 2024 outlook; now expects EPS of $4.65-$4.75, with adjusted EPS of $5.55-$5.65 NORTH CANTON, Ohio, Nov. 5, 2024 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported third-quarter 2024 sales of $1.13 billion, down 1.4 percent from the same period a year ago. The decrease was driven primarily by lower end-market demand in Europe and China, partially offset by the benefit of acquisitions. Organically, sales were down 2.9 percent from last year.…
ALTA LOMA, Calif., Nov. 4, 2024 /PRNewswire/ — Global Technology Solutions, Inc. (GTS) proudly announces its recognition as a Top 10 AWS Partner to Watch in 2024 by CIOInsights, a leading publication for C-suite executives focused on business innovation and technology. What Sets GTS Apart: Cloud Transformation and Customer-Centric AI SolutionsWith a reputation for delivering agile, client-centered solutions, GTS tailors its offerings to meet unique industry needs—an approach often beyond the capabilities of larger firms. As noted in CIOInsights, GTS is distinguished by its phased project approach, ensuring client needs are met at every checkpoint. This flexibility allows GTS to deliver customized solutions that overcome specific client challenges and bring value…
NEW YORK, Nov. 4, 2024 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) announced today that it has changed the date and time for when it will report results for the fiscal quarter ended September 30, 2024 to before the market opens on Tuesday, November 12, 2024. The earnings announcement will be available in the Investor Relations section of the Company’s website, www.outfront.com. The Company will host a conference call to discuss the results on Tuesday, November 12, 2024 at 8:30 a.m. Eastern Time. The conference call number is 833-470-1428 (U.S. callers) and 404-975-4839 (International callers) and the passcode for both is 482452. Live and replay versions of the conference call…
Strategic channel program to accelerate API adoption and drive digital impact NEW DELHI, Nov. 5, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced its official recognition as a GSMA Open Gateway Channel Partner, paving the way for next-generation digital services. This achievement positions Comviva among a select group of companies at the forefront of the global movement to champion Open Gateway standards. The GSMA Open Gateway initiative aims to accelerate the adoption of Network APIs, enabling seamless integration between mobile operators and third-party developers. This is achieved via common, northbound service APIs — supported by…
MIDDLETON, Mass., Nov. 5, 2024 /PRNewswire/ — QKS Group has named Onix as a Service leader in their 2024 SPARK Matrix™ analysis of the Cloud Migration and Modernization Services market. The QKS Group SPARK Matrix™ evaluates vendors based on service excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of the leading service vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions. Onix was chosen as a leader in the 2024 SPARK MatrixTM: Cloud Migration and Modernization Services due to its…