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VEON and Cohen Circle Secure Investor Commitments for Kyivstar Listing
Globenewswire· 2025-07-10 20:15
Kyiv, New York, Dubai, and Philadelphia – July 10, 2025 – VEON Ltd. (Nasdaq: VEON) (“VEON”), a global digital operator, and Cohen Circle Acquisition Corp. I (“Cohen Circle”), a special purpose acquisition company (Nasdaq: CCIR), today announce the execution of non-redemption agreements (“NRAs”) totaling approximately USD 52.3 million with accredited institutional investors, including Helikon and Clearline. These commitments cover approximately 5.05 million CCIR Class A shares, securing the minimum USD 50 mi ...
特朗普一句话,加拿大“秒怂”:紧急撤回数字税以求重启贸易谈判
Jin Shi Shu Ju· 2025-06-30 03:33
加拿大已撤回其对美国科技公司如Meta Platforms Inc.和Alphabet Inc.(Google母公司)的数字服务税, 此举旨在重启与美国的贸易谈判。 加拿大的数字税首笔款项原定于周一(今日)到期。该税法于去年通过,旨在对大型科技公司在一个日 历年内从加拿大用户赚取的、超过2000万加元(约1460万美元)的数字服务收入征收3%的税。这将使 大型科技公司损失数十亿美元。 在特朗普发文后,加拿大的商业团体和政治人物重申了他们要求卡尼政府放弃该税的呼吁。反对者长期 以来一直认为,这项税收将增加数字服务的成本,并招致美国的报复。但一些人则将数字税视为卡尼政 府在与美国谈判中的一个"谈判筹码"。 加拿大财政部的声明还表示,卡尼"已明确表示,加拿大将花费必要的时间,但不会再花费太长时间来 达成该协议"。 目前,加拿大和美国拥有世界上最大的双边贸易关系之一,去年两国的商品和服务贸易额超过9000亿美 元。但自特朗普赢得大选以来,两国关系变得紧张。特朗普威胁对从加拿大进口的商品征收25%的关 税,并多次表示他认为加拿大应该成为美国的第51个州。作为回应,许多加拿大人抵制美国产品并避免 前往美国旅游。 "撤销数 ...
Sify Technologies announces the appointment of Dr. Ram Sewak Sharma as Director on the Board
Globenewswire· 2025-06-24 14:49
Core Insights - Sify Technologies Limited has appointed Dr. Ram Sewak Sharma as a new Director on its Board, bringing extensive experience in ICT and administrative reforms [1][5]. Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, offering services in Data Center, Cloud, Networks, Security, and Digital services [1][7]. - The company has received multiple Golden Peacock awards for Corporate Governance, highlighting its commitment to ethical business practices [7]. Leadership and Expertise - Dr. Sharma has over four decades of experience in the Indian Administrative Service and has played a significant role in shaping India's ICT policies [2][4]. - He was the founding Director General of the Unique Identification Authority of India (UIDAI), where he was instrumental in launching Aadhaar, the world's largest biometric identity system [3][4]. - His background includes leadership roles in the telecom industry, including Chairman of the Telecom Regulatory Authority of India (TRAI) [4]. Strategic Vision - The Chairman of Sify, Mr. Raju Vegesna, expressed confidence that Dr. Sharma's experience will be a valuable asset as the company aims to strengthen its leadership position across various business segments [5]. - Dr. Sharma emphasized the importance of technology as a catalyst for implementing large-scale social welfare measures, which aligns with Sify's mission to scale its services [6]. Market Presence - Sify serves over 10,000 businesses across various sectors, leveraging its infrastructure of state-of-the-art Data Centers and the largest MPLS network in India [8][9]. - The company has a significant international presence, operating in North America, the United Kingdom, UAE, and Singapore, catering to a diverse clientele [9].
Compared to Estimates, Korn/Ferry (KFY) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-06-18 14:31
Korn/Ferry (KFY) reported $712.05 million in revenue for the quarter ended April 2025, representing a year- over-year increase of 3.1%. EPS of $1.32 for the same period compares to $1.26 a year ago. The reported revenue represents a surprise of +3.35% over the Zacks Consensus Estimate of $688.94 million. With the consensus EPS estimate being $1.26, the EPS surprise was +4.76%. Here is how Korn/Ferry performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall St ...
VEON Announces USD 35 Million Share Buyback
Globenewswire· 2025-06-16 10:46
Core Viewpoint - VEON Ltd. is initiating the third phase of its share buyback program, amounting to up to USD 35 million, following the successful completion of the second phase [1][2][3] Share Buyback Program - The second phase of the buyback program was completed on May 21, 2025, resulting in the repurchase of 1.43 million American Depositary Shares (ADSs) at an average price of USD 45.59 per ADS [2] - The total share buyback program announced on August 1, 2024, is valued at up to USD 100 million [2][3] - The company believes its ADSs are undervalued compared to its operational performance and strategic potential, aiming to optimize shareholder value through this buyback [3] Financial Strategy - VEON is exploring options for raising external financing through a private placement of bonds with a tenor of up to approximately four years, aimed at supporting strategic initiatives and enhancing financial flexibility [4] - Discussions with potential institutional investors are ongoing as part of the company's capital planning efforts [4] Company Overview - VEON operates as a digital operator providing connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the global population [5]
Unlocking Q4 Potential of Korn/Ferry (KFY): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-06-13 14:15
Core Insights - Korn/Ferry (KFY) is expected to report quarterly earnings of $1.26 per share, indicating no change from the previous year [1] - Analysts forecast revenues of $688.94 million, representing a decrease of 0.3% year over year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, reflecting analysts' reassessment of projections [1] Revenue Projections - Analysts estimate 'Fee Revenue - Total Executive Search' at $206.26 million, indicating a year-over-year increase of 3.8% [4] - The combined estimate for 'Fee Revenue' is projected to be $688.94 million, suggesting a decrease of 0.3% year over year [4] - 'Fee Revenue - Digital' is expected to reach $91.65 million, reflecting a change of 0.4% from the prior-year quarter [4] - 'Fee Revenue - Consulting' is anticipated to be $167.62 million, indicating a year-over-year decline of 8% [5] Market Performance - Over the past month, Korn/Ferry shares have recorded a return of 0.8%, compared to the Zacks S&P 500 composite's return of 3.6% [5] - Korn/Ferry holds a Zacks Rank 5 (Strong Sell), suggesting it may underperform the overall market in the upcoming period [5]
TASK ALERT: TaskUs Shareholders Interesting In Pursuing Potential Claims Should Contact Shareholder Rights Firm Regarding Proposed Buyout
Prnewswire· 2025-05-17 12:00
Core Viewpoint - The proposed buyout of TaskUs, Inc. by its three largest shareholders, including Blackstone, is under investigation due to concerns about the fairness of the deal and potential conflicts of interest [1][4]. Company Overview - TaskUs is recognized as a leading provider of outsourced digital services and next-generation customer experience for innovative companies [2]. - The company has a positive outlook, with Wall Street analysts setting an average one-year stock price target of $18.50 per share, and a high target of $22 per share [2]. Buyout Details - On May 9, 2025, TaskUs announced its sale to a buyer group that already holds a majority of the company's voting power, with the buyout price set at $16.50 per share for public shareholders [3]. - The buyout is being pursued by Blackstone and co-founders Bryce Maddock and Jaspar Weir, who will continue their roles in the company post-acquisition [3][4]. Legal Investigation - Julie & Holleman LLP is investigating the buyout for potential legal claims, citing concerns over the deal's fairness and the low buyout price compared to the company's true value [1][4].
VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth
GlobeNewswire News Room· 2025-05-15 04:04
Core Insights - VEON reported a total revenue growth of 8.9% year-on-year to USD 1,026 million for Q1 2025, with underlying local currency growth at 12.9% [2][9] - EBITDA increased by 13.7% year-on-year to USD 439 million, with a 10.4% increase in underlying local currency terms [4][9] - Direct digital revenue grew significantly by 50.2% year-on-year to USD 147 million, representing 14.3% of total revenues for the quarter [4][9] Financial Performance - The company achieved a year-on-year revenue growth of 8.9% in reported currency and 12.9% in local currency, adjusted for the impact of a cyberattack in Ukraine and the deconsolidation of TNS+ in Kazakhstan [2][3] - EBITDA for the quarter was USD 439 million, reflecting a 13.7% increase in reported currency and a 10.4% increase in underlying local currency terms [4][9] - Total cash and cash equivalents as of March 31, 2025, amounted to USD 1,775 million, with net debt to LTM EBITDA declining to 1.23x [5][9] Capital Expenditure and Outlook - Capex increased by 8.3% year-on-year, with a capex intensity of 13.1% [5] - The company maintains its FY25 outlook, expecting underlying local currency revenue growth of 12% to 14% and EBITDA growth of 13% to 15% [6] Share Buyback Program - VEON commenced the second phase of its share buyback program in March 2025, amounting to up to USD 35 million, following the completion of the first phase [7] Strategic Focus - The company emphasizes disciplined execution and innovation, aiming to enhance customer experiences through technology-driven services [10][11]
Fiverr International Ltd. (FVRR) Presents at Annual JPMorgan Global Technology, Media and Communications Conference (Transcript)
Seeking Alpha· 2025-05-13 22:11
Fiverr International Ltd. (NYSE:FVRR) Annual JPMorgan Global Technology, Media and Communications Conference May 13, 2025 3:50 PM ET Company Participants Micha Kaufman - Chief Executive Officer Ofer Katz - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Doug Anmuth All right, we're going to go ahead and get started. I'm Doug Anmuth, J.P. Morgan's Internet Analyst. Very happy to have with us Fiverr's co-founder and CEO, Micha Kaufman, and CFO, Ofer Katz. Fiverr is a global marketp ...
1Q25 Results: Telefônica Brasil S.A.
Prnewswire· 2025-05-12 22:42
Core Insights - Telefônica Brasil reported strong operating performance in 1Q25, leading to significant growth in EBITDA and net income [2][4][6] Financial Performance - Net Operating Revenue reached R$14,390 million, a 6.2% increase YoY, driven by mobile services and fiber revenues [2][3] - EBITDA grew by 8.1% YoY to R$5,704 million, with an EBITDA margin of 39.6%, up 0.7 percentage points from the previous year [2][4] - Net Income attributed to Telefônica Brasil was R$1,058 million, reflecting an 18.1% increase YoY [2][6] - Earnings per Share (EPS) increased by 20.3% YoY to R$0.65 [2] Revenue Breakdown - Mobile Services revenue increased by 6.5% YoY to R$9,272 million, supported by a 10.3% growth in postpaid revenue [2][3] - FTTH revenue grew by 10.6% YoY to R$1,899 million, with the FTTH network reaching 29.6 million homes passed [2][4] - Corporate Data, ICT, and Digital Services revenue rose by 15.8% YoY to R$1,312 million [2][4] Cost and Cash Flow - Total Costs increased by 5.1% YoY to R$8,687 million [2] - Operating Cash Flow totaled R$3,835 million, a 12.7% increase YoY, with an OpCF margin of 26.7% [2][5] Capital Expenditure - CAPEX for 1Q25 was R$1,869 million, a slight decrease of 0.3% YoY, representing 13.0% of revenues [2][5] - Investments focused on enhancing the 5G network, which is now available in 519 cities, covering 62% of the Brazilian population [5] Shareholder Returns - The total remuneration paid to shareholders reached R$2,576 million by the end of April 2025, with a commitment to distribute at least 100% of net income for fiscal years 2024 to 2026 [6][7]