In 2024, Singapore’s largest financial institution, DBS Bank, experienced a remarkable year, showcasing an impressive net profit of 11.4 billion Singapore dollars (approximately $8.4 billion). This figure marks an increase of 11% over the previous year, highlighting the bank’s resilience and strategic execution in a fluctuating economic landscape. Revenue followed suit, climbing by 10% to
Earnings
Doximity Inc. has recently captured the attention of investors following an impressive 25% surge in its stock during after-hours trading on Thursday. The driving force behind this remarkable increase was the company’s third-quarter fiscal 2025 report, which exceeded analyst expectations on both revenue and earnings per share. Doximity reported an adjusted earnings per share of
Affirm Holdings Inc., a leader in the Buy Now, Pay Later (BNPL) sector, demonstrated remarkable financial performance in its fiscal second quarter, sending shares soaring by an astonishing 22%. The company’s earnings significantly exceeded analysts’ expectations, reporting a profit of 23 cents per share, contrasting sharply with the anticipated loss of 15 cents. This unexpected
Megacap tech giants are making waves in the artificial intelligence (AI) sector, and their financial commitments have raised questions about the sustainability and necessity of these vast expenditures. With projections indicating they will collectively invest up to $320 billion in AI technologies and data infrastructure in 2025, it’s clear that the frenzy sparked by AI
Affirm Holdings, a leading player in the buy now, pay later (BNPL) sector, has recently captured the financial spotlight. After announcing its fiscal second-quarter results, the company witnessed a significant boost in its stock price, jumping over 15% in after-hours trading on Thursday. This surge was attributed to performance metrics that significantly exceeded analysts’ expectations.
MicroStrategy, a name that has become synonymous with aggressive Bitcoin acquisition, recently rebranded itself as Strategy, reflecting its unwavering commitment to the cryptocurrency landscape. As the largest corporate holder of Bitcoin, the company has embarked on a capital-raising journey that aims to secure a staggering $42 billion through the issuance of securities. Since the third
TotalEnergies, one of the leading names in the global oil and gas sector, recently released its financial performance report for the year 2024, revealing a significant downturn in earnings. This is reflective of the broader challenges the energy industry has been facing amid fluctuating crude oil prices and reduced fuel consumption due to various global
In a recent earnings report, Nintendo revealed disappointing financial results for its third fiscal quarter, which has raised eyebrows among analysts and investors alike. The company reported a revenue of 432.92 billion Japanese yen (approximately $2.8 billion), falling short of the 498.22 billion yen that market analysts had anticipated. Similarly, Nintendo’s net profit amounted to
In the ever-evolving landscape of financial technology, where disruption and innovation abound, few companies have garnered as much attention as GoCardless. The London-based startup, specializing in simplifying recurring payments for businesses, has made significant strides recently, reporting a remarkable reduction in losses for the fiscal year ending June 30, 2024. With a net loss of
In a remarkable turnaround, Atlassian’s stock surged by 18% following a stellar fiscal second-quarter earnings report that exceeded Wall Street’s expectations. The software company, renowned for its collaboration tools and project management software, has positioned itself well in the competitive landscape, achieving adjusted earnings of 96 cents per share, significantly surpassing analyst predictions of 76