Earnings

Box down 7% despite “strong quarter”

 Enterprise cloud storage company Box posted its first-quarter earnings after the bell on Wednesday. Despite beating analyst expectations on revenue and earnings per share, the stock dropped 12.89 percent then recovered to an 8 percent loss in aft... [...]

Real estate portal 99acres narrows losses in Q4

constractionProperty portal 99acres.com has shrunk its losses in the quarter through March from the previous three months while growing its revenue. The portal, operated by Info Edge (India) Ltd, posted a pre-tax loss of Rs 13.37 crore for the fourth quarter of 2015-16 from a loss of Rs 21.28 crore in the third quarter. Revenue [...] [...]

Real estate portal 99acres narrows losses in Q4

constractionProperty portal 99acres.com has shrunk its losses in the quarter through March from the previous three months while growing its revenue. The portal, operated by Info Edge (India) Ltd, posted a pre-tax loss of Rs 13.37 crore for the fourth quarter of 2015-16 from a loss of Rs 21.28 crore in the third quarter. Revenue [...] [...]

Zomato losses soar in FY16, drag parent Info Edge into the red

ZomatoRestaurant listings and discovery company Zomato Media Pvt Ltd plunged deeper into the red in the financial year through March 2016 and even pushed parent Info Edge (India) Ltd into losses. Pre-tax loss at Zomato widened almost four-fold to Rs 492.27 crore in 2015-16 from Rs 136 crore the year before. Revenue doubled to Rs [...] [...]

The Europas — It’s time for different type of tech conference

awards3 (1) Let’s face it. Some tech conferences have lost their way. While TechCrunch Disrupt remains a firmly curated, media-driven, event, with hundreds of journalists attending, a couple of other conferences have really gone for scale. A minimum of 15,000 people, thousands of companies, echoing halls — and a lot of investors (and journalists) turning their badges around so they don’t… Read More
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Tesla is selling $2 billion in stock to fuel Model 3 production

Model S Update - 3 Tesla — with a significant chunk contributed by Elon Musk — is selling around $2 billion worth of stock in an equity offering in order to accelerate production of the Model 3, according to a regulatory filing filed today. The company is selling 6.8 million shares in the stock offering, which at its current price of around $205 amounts to roughly $1.4 billion. Musk is selling… Read More
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