Zomato, the Indian food delivery unicorn, today reported its second consecutive profitable quarter. With an EBITDA of ₹41 crore for Q2’FY24, this was a massive ₹233 crore improvement over the same quarter in previous year. This is the second time it is reporting a profit, with a surprising ₹2 crore profit reported in previous quarter. … [Read more…]
In the highly competitive world of e-commerce and tech giants, Amazon has once again proven its mettle. The company recently reported its third-quarter earnings, surpassing analysts’ expectations and generating significant investor interest in the company. Amazon’s performance comes on the heels of better-than-expected earnings reports from fellow tech giants such as Alphabet and Microsoft. Where … [Read more…]
The recently-ended quarter has seen a strong performance from tech titan Microsoft, if the company’s numbers are any indication. Its results for Q1 FY24 paints a strong picture of the Redmond-headquartered Microsoft, whose strategic investments in AI are clearly paying off. Cloud has been a big driver, even when rival Google Cloud is seeing a … [Read more…]
Paytm parent One97 has reported yet another decent financial quarter. The fintech giant, for the quarter ended September 2023, narrowed its quarterly losses, even as it witnessed a significant growth in its revenue. Paytm recorded a consolidated revenue of ₹2,519 crore in Q2, marking a remarkable 32% increase compared to the revenue of ₹1,914 crore … [Read more…]
The popularity of ChatGPT saw OpenAI roll out a mobile-only version of the AI-powered chatbot earlier this year. And the app itself has been quite popular, if the statistics are any indication. On the contrary though, the rate of revenue growth and installs has slowed, according to media reports and analysis firm Appfigures. A TechCrunch … [Read more…]
X has now decided to lower the requirements for its creator payout program. The Elon Musk-owned X – formerly known as Twitter – announced the same in an official post on the platform, in a move that aims to encourage content creators by lowering eligibility requirements and enhancing the earning potential within the platform. The … [Read more…]
Ola Electric, headed by Bhavish Aggarwal, has experienced a substantial surge in its consolidated revenue from operations during the fiscal year 2021-22. The company’s annual revenue witnessed an exponential growth of nearly 400 times, reaching ₹373 crore for the fiscal period, compared to the previous year’s ₹0.86 crore as per its annual financial statements. This … [Read more…]