Source: Pexels | Photographer: Norma Mortenson
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Despite the damaging effects of the pandemic, the popular U.S. delivery firm posted better-than-expected Q1 2021 results due to lowered fuel costs and heightened delivery prices.
Source: Pexels | Photographer: Andrea Piacquadio
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In just three months, Oracle Corp. has managed to turn its declining sales into a decisive rally. Here is how the company fared throughout its first fiscal quarter for 2021.
Source: Pexels
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On Thursday, the multinational engineering company revealed its grim financial situation – in just six months, the British group reached losses of £5.4 billion ($7.1 billion) before tax. The news quickly rippled throughout the markets and sent RR/u shares tumbling by 6%.
Source: Dreamstime
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While COVID-19 has been a nuisance for most businesses, the stay-at-home situation did lead to increased online shopping. This greatly benefitted leaders in this sector like Amazon, Etsy, Ebay and, of course, Alibaba, which posted net income of 47.59 billion yuan.
Source: Dreamstime
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The computer networking equipment maker’s revenue decreased by 9% on a year-on-year basis, yet again disappointing investors worldwide. Earnings per share, however, rose by 22% after Cisco managed to reduce its operating expenses by 9%.
Source: Unsplash | Photographer: Mak
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While the financial results of the ride-sharing company for Q2 2020 did beat Wall Street’s estimates, they were still approximately 29% weaker compared to the same period last year.