Absurdly Driven looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek. McDonald’s is a little like Apple, really. Except, I fear, not quite as clever. You see, the burger chain has hopped up onto an idea that others have been trying for years. Apple at least puts a twist on […]
Walmart’s ecommerce sales grew 23 percent in the fourth quarter 2017. Despite this, its stock dropped as analysts expected more. Last month the Department of Commerce announced its estimate of U.S. retail ecommerce sales for the fourth quarter of 2017. The Department issues two sets of figures. One is seasonally adjusted, and one is not.
Walmart’s Ecommerce Sales Up 23 Percent in Fourth Quarter 2017 Read More »
Microsoft’s Azure is finally gaining a foothold in the cloud computing niche with its market share jumping from 16 to 20 percent in the 4th quarter of 2017. The jump amounts to around $3.7 billion of its total revenue for the year. In contrast, Amazon Web Services (AWS) saw its market share drop from 68 to 62 percent in
Microsoft Azure Cuts into AWS’s Market Share in 4th Quarter Read More »
Being the literal face of a company can be tough on a CEO. You have to take the heat — and when a quarter flops, investors want an explanation. However, John Schnatter, founder and CEO of Papa John’s Pizza, made a big blunder during an earnings call this week and the criticism has been hotter
Papa John’s Takes Responsibility for a Crummy Quarter by Blaming the NFL Read More »
In its first quarter results of fiscal year 2018, ending September 30, 2017, Microsoft reported search advertising revenue grew by 15 percent year over year, excluding traffic acquisition costs (TAC). Gross revenue from search advertising rose by $210 million, compared to $124 million the previous quarter. The majority of Microsoft’s search advertising revenue comes from
Strong performance exceeded revenue and profitability guidance Generated $43.8 million of operating cash flow up from $30.8 million in the prior year Reduced debt by $31.8 million JACKSONVILLE, Fla., Aug. 03, 2017 (GLOBE NEWSWIRE) — Web.com Group, Inc. (NASDAQ:WEB), a leading global provider of a full range of
Web.com Reports Second Quarter 2017 Financial Results Read More »
FAIRFAX, Va.–(BUSINESS WIRE)–ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around the world, reported results for the second quarter ended June 30, 2017. Second Quarter and First Half 2017 Results “ICF’s results continued to benefit from our diversified business model, serving government and commercial clients both domestically and internationally. In
Google’s parent company, Alphabet, yet again beat financial expectations with its second-quarter earnings, bringing in $26 billion in revenue for the three-month period, an increase of 21 percent from the second quarter of 2016. Earnings per share totaled $5.01, beating Wall Street’s forecast of $4.46 per share. According to its earnings statement released today, the
Google Increased Its Paid Clicks by 52 Percent in the Second Quarter – Adweek Read More »
