Accenture plan to boost US workforce by creating 15,000 jobs

Written on Monday, 20 February 2017 10:04
Accenture have disclosed its plans to create an additional 15,000 jobs over the next three years in the US. The technology consulting and services company announced that it will increase its American workforce by 30%. In a statement issued by Accenture they outlined plans to create 15,000 ‘highly skilled new jobs’ which would subsequently increase its overall workforce in the US to more than 65,000 by the end of 2020. Accenture further disclosed its plans to create 10 new ‘innovation…
Snapchat’s corporate parent Snap Inc. reportedly seeks to raise over $2 billion for the fast-growing social media group in the technology sector’s largest public offering in nearly three years. Filed documents showed that Snap Inc. expects net proceeds of some $2 billion. The Snap Inc. IPO will provide 145 million new shares and sell 55 million from existing share owners, with an expected price range of $14 to $16, according to the documents filed with the Securities and Exchange Commission.…

Virtual reality products fail to boost revenue for HTC

Written on Thursday, 16 February 2017 07:24
Taiwan-based HTC posted disappointing Q4 results this month, with analysts suggesting that its hyped up virtual reality (VR) products failed to boost revenue for the smartphone manufacturer. HTC’s revenue from October to December 2016 was down 13.62 percent year on year to Tw$22.2 billion ($720 million). The company did, however, see an improvement in net loss which was Tw$3.1 billion year on year compared with Tw$3.4 billion. But it marks the seventh consecutive quarter that HTC has suffered a loss.…

Hong Kong’s PCCW looking to sell 11.1% of HKT for $1.1 billion

Written on Thursday, 16 February 2017 07:19
Hong Kong-based PCCW, the holding company of HKT Group Holdings Limited, the information and communications technology company, reportedly plans to raise HK$8.53 billion ($1.09 billion) through the sale of 840.7 million share stapled units in subsidiary HKT. According to reports, PCCW plans to use the proceeds from the sale to pay back debt, make further investments in media and IT services, business and other general corporate purposes. The company is said to be expanding its reach into Asia, including a…
IMF (International Monetary Fund) Managing Director, Christine Lagarde has praised the UAE for leading other Gulf countries in its preparations to implement taxation that will be effective from January 1st, 2018. The IMF chief was speaking at the World Government Summit in Dubai, and told residents in the Gulf region that they must 'get used' to taxation in order to continue the investment in large-scale public infrastructure projects. The UAE, and the six-nation Gulf Cooperation Council will all introduce VAT…
Singtel delivered a resilient third quarter performance with a strong core business and higher contributions from regional mobile associates. In the core business, ICT revenues grew, bolstered by contract wins by NCS and demand for cyber security services. Higher consumer home services revenue in Singapore and growth in postpaid mobile customer numbers in Australia helped mitigate continued voice to data substitution and roaming revenue declines. Among the associates, strong performance from Telkomsel offset the impact of very intense competition in …
Twitter recently reported a net loss in the fourth quarter of 2016 of $167 million, after a $90 million deficit in the corresponding period a year ago. The company's shares dropped more than 12 percent to close at $16.41 as investor hopes faded for a revival of the micro-blogging platform, which has been lagging behind its social media rivals. Revenue in Q4 2016 rose one percent for Twitter to $717 million. The crucial area of user growth saw Twitter end…
Yahoo Japan Corp., formed as a joint venture between the American internet company Yahoo! and the Japanese company SoftBank, saw its latest quarterly earnings jump the most since 2013. The company attributed the earnings to growth in advertising and online shopping via smartphones. Yahoo Japan shares surged as much as 17 percent in Tokyo and hit their daily upper price limit, according to Yahoo Finance. The shares were “15 percent higher as of 10:35 a.m. – adding about $3.4 billion…
Seattle-based e-commerce giant Amazon says it will invest nearly $1.5 billion to build its first air freight hub in the United States, which it hopes will strengthen its distribution muscle and also create more US jobs. Amazon has been eager to decrease its reliance upon shipping companies such as UPS and FedEx. The air freight hub for Amazon’s growing Prime Air cargo fleet will reportedly be built at an airport in Kentucky, adding more than 2,000 workers to the approximately…
Snap Inc. the parent company of the popular social networking app Snapchat filed public documents for a share offering on February 2, ending speculation that the company would seek an IPO. Snap Inc. reportedly hopes to raise up to $3 billion in its highly anticipated Wall Street debut. California-based Snap Inc. had earlier filed confidential documents for an initial public offering last year. The Wall Street Journal reported in October that Snap Inc. was preparing for a 2017 share offering,…
Finnish telecoms vendor Nokia recently reported its financial earnings for 2016 which showed a net loss of 766 million euros ($826 million). Nokia blames the sales and costs from acquiring and integrating Alcatel-Lucent for the “disappointing” loss in 2016. Nokia chief executive Rajeev Suri described 2016 as a “year of transition”. Nokia’s financial results were “disappointing” according to Suri in a press statement, but he said the company is expected to perform better financially in 2017 “as market conditions improve.”…
Social media giant Facebook reported its financial earnings on February 1, which showed that its profit more than doubled in the final three months of 2016 as revenues continued to rise and its user base grew. The company said it made a net profit of $3.7 billion on revenue of $8.6 billion in the fourth quarter, compared to profit of $1.6 billion on $5.6 billion in revenue in the same period the previous year. Facebook’s earnings pushed past many analyst…
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