Dynatrace Inc. reported third-quarter FY22 revenue growth of 32 percent year-on-year to $240.8 million, beating the consensus of $234.4 million. Total ARR increased 29 percent Y/Y to $930 million. Revenues from Subscription rose 33 percent Y/Y to $226 million. Margins The non-GAAP operating margin contracted 400 basis points to 25 percent. Non-GAAP EPS of $0.18 beat…
Boohoo’s Margins Dented by Higher Freight and Labour Costs
LONDON—British online fashion retailer Boohoo warned on Thursday that full year profit margins will be lower than its previous guidance due to a rise in freight costs in its supply chain and higher wages for its distribution centre workers. Shares in the group dropped 11 percent, extending year-on-year losses to 37 percent after it said…
Investors Watch US Companies’ Record Profit Margins as Costs Rise Further
NEW YORK—U.S. companies have retained strong profit margins through the pandemic because they have cut costs and passed along high prices to customers. The question is: How long can this go on? With inflation still strong, the ability for companies to keep margins at record levels is being closely watched by some investors and strategists…
US News
- Jack BradleyThe Irvine City Council Jan. 24 failed to pass a motion to launch an independent investigation after political consultant Melahat Rafiei last week—in a plea agreement relating to an FBI… [...]
- Henry JomAustralia’s Defence Minister Richard Marles has said that the AUKUS deal will be one of the nation’s most significant national security decisions in decades as the federal government is set… [...]
- Mimi Nguyen LyThe U.S. military carried out a counterterrorism operation on Jan. 25 in Somalia that killed multiple ISIS terrorists, among them Bilal-al-Sudani, according to the Pentagon. Secretary of Defense Lloyd J.… [...]
- Victoria Kelly-ClarkThe United States and Papua New Guinea (PNG) are set to negotiate a defence cooperation agreement just after Australia and the southern Pacific nation agreed to a broad-reaching security agreement… [...]
- Mimi Nguyen Ly, Joshua PhilippCalifornia’s controversial COVID-19 misinformation law, which bars doctors from providing “misinformation” or “disinformation” related to COVID-19, is an unprecedented effort by those in power to block doctors from sharing their… [...]
- Daniel Y. TengTeam members of the Cairns Taipans have decided against wearing a special Pride Round jersey in response to a “barrage of abuse and harmful commentary” targeting individual players. The Australian… [...]
- Zachary StieberExperts who advise the U.S. Food and Drug Administration (FDA) on immunizations were supportive on Jan. 26 of a planned pivot on COVID-19 vaccines. Members of the Vaccines and Related Biological… [...]
- Lee SmithBig pharma has a good deal with big government—even if someone is hurt by a vaccine, the drug maker is exempt from liability claims. Lack of accountability then is at… [...]
- Brad JonesThe California Department of Water Resources (DWR) announced Jan. 26 it expects to deliver 30 percent of requested water to its public water agencies in 2023—1.27 million acre-feet—up from the… [...]
- City News ServiceSANTA ANA, Calif.—The family of an Orange County deputy public defender who died in Mexico while celebrating his first wedding anniversary was expecting to receive the body Jan. 26 so… [...]