Browsing Tag
Quarterly
3 posts
Oracle’s Quarterly Earnings Growth Fueled by AI Demand
Oracle Corporation has reported better-than-expected quarterly profits, driven by the surging demand for generative artificial intelligence (AI) services. The 46-year-old database giant’s shares surged nearly 14% in extended trading following the announcement, adding more than $40 billion to its market capitalisation. The late-day rally shows the growing investor enthusiasm for companies positioned to capitalise on the
Temu Surpasses Quarterly GMV of $5 Billion, Potentially Exceeding Annual Targets
In just one year since its launch, Temu, the cross-border e-commerce platform under Pinduoduo, has been growing at an astonishing pace. Exclusive information obtained by Chinese tech media 36Kr reveals that Temu’s sales in the third quarter of this year exceeded $5 billion. Particularly noteworthy is September, during which, on the occasion of its first
ATRenew Sets New Quarterly Revenue Record as Refurbishing and Diversification Efforts Pay Off
ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Wednesday set a new quarterly revenue record as it upped the ante in refurbishing gadgets while branching out into the recycling of other items. The US-listed company reported non-GAAP operating earnings of 51.98 million yuan ($7.14 million) for the second quarter, the