San Francisco: With a monthly active user base of 330 million, Twitter registered $732 million in revenue for the fourth quarter of 2017 with a net income of $91 million. Twitter had registered a loss of $167.1 million, or 23 cents a share, for the same period last year. The micro-blogging[Read More…]
Tag: Revenue
With Rs 34,300 cr revenue, Samsung undisputed India handset market leader
After registering a 27 per cent growth in mobile business revenue for the financial year 2016-17 — touching a mammoth Rs 34,300 crore — Samsung has become the undisputed leader in the highly competitive and price-sensitive domestic smartphone market. “Samsung continues to be India’s smartphone leader by a fair distance.[Read More…]
Bihar: Liquor ban affects revenue; state trying to tap all potential sources
Bihar’s revenue collection decreased by Rs 1,738 crore in 2016-17 as compared to 2015-16, a year after the state banned liquor on April 5 last year. Bihar could only generate Rs 23,711 in 2016-17 against the state’s revenue collection of Rs 25,449 crore in 2015-16. Although the drop in revenue,[Read More…]
Cisco Systems to lay off 1,100 more staff
Global networking giant Cisco Systems would extend its restructuring plan to lay off 1,100 more staff. Earlier, Cisco Systems had earlier announced the restructuring plan in August 2016 to reinvest in “key priority areas.” It had a plan to lay off up to 5,500 staff, or 7 per cent its[Read More…]
Tax evasion of more than Rs 1.37 lakh Cr in last 3 yrs
35% job losses, 50% drop in revenue due to demonetisation: Study
Demonetisation has caused 35 percent job losses and 50 percent decline in revenue of micro-small scale industries, an Indian Express report quoting the All India Manufacturers’ Organisation (AIMO) said on Monday. The job losses and revenue dip was estimated in the first 34 days of demonetisation decision, the report added.[Read More…]