"The big tech is banking heavily on AI, Cloud and 5G technologies to retain customers and drive growth" A global emergency can smother your business, government lawsuits can break your company, competitors with trillion-dollar market value can wipe your organisation off the map. But what would happen when all three come together in the same year? The pandemic brought the world to a standstill. The internet giants, however, came out of it unscathed. Apple, Amazon, Google and Facebook, popularly known as the big four, have not only survived a combination of calamities but registered profits and left the Wall Street analysts dumbfounded.
A January survey from online travel company trivago showed 38% of Americans would give up sex for a year to travel right now. The other 62% appear to be actively hunting for love online. On Tuesday online dating company Match Group showed the quest for chemistry was a very popular New Year's resolution after many months of solitary confinement. The first quarter looked good from all angles, with revenue and adjusted earnings before interest, taxes, depreciation and amortization both coming in above Wall Street's expectations. Match's revenue forecast for the second quarter was also better than analysts had expected, though the company did say it will lean into its recent momentum and increase marketing spending relative to the same period last year, weighing slightly on its bottom line.
Call center software provider Five9 Inc. has come up a winner yet again, comfortably beating Wall Street's targets with its third-quarter financial results and delivering strong guidance on top of that. The company reported a profit before certain costs such as stock compensation of 27 cents per share on revenue of $112 million, up 34% from a year ago. That was well ahead of Wall Street's forecast of 18 cents per share in earnings and $101 million in revenue. Five9 sells cloud-based contact center software and services for enterprises that enable them to keep track of and manage their interactions with customers. Its software covers traditional phone calls, as well as video calling services, emails and social media interactions.
SHANGHAI - Video of a parked Tesla Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 percent Monday, just as it prepared to issue results for a troubled first quarter. Brokerage Evercore cut its recommendation for shares of the Silicon Valley company to "sell," becoming the 12th brokerage to ask investors to abandon billionaire Elon Musk's venture and raising bearish sentiment to its highest level ever. Musk and Tesla Inc. have faced a range of challenges over the past year as one of the leaders in electric vehicle technology sought to ramp up production, deliveries and sales of the Model 3 sedan seen as crucial to its long-term profitability. The company, which is struggling with deliveries of its higher-priced Model S and X luxury cars, said it has sent a team to investigate the video on Chinese social media apparently showing the latest in a string of fires involving its cars. The video, time stamped Sunday evening and widely shared on China's Twitter-like Weibo, shows the parked vehicle emitting smoke and bursting into flames seconds later.
On March 1, 2018, the Company acquired processing prepaid platform, servers, POS terminals, customer list, a processing software program from ECS Prepaid LLC. The core asset of ECS is its processing software program, which Gopher intends to marry immediately into the prior acquisition of the UGO HUB and the UGO brand of products. ECS PrePaid's core operating system currently operates over 9,000 terminals in retail locations throughout the United States. These terminals process over 14,000 transactions a day and have capacity to entertain at least three times its current volume, without further software expense. This platform generated approximately $32 million in revenue for the year ended December 31, 2017 (unaudited), approximately $4.2 million for the month of January 2018 (unaudited) and approximately $4.3 for the month of February 2018 (unaudited).