BENGALURU (Reuters) – Infosys Ltd on Wednesday raised its annual revenue growth forecast, after the Indian software services firm posted a better-than-expected quarterly profit, buoyed by growth in client demand for its digital services during the pandemic.
The company, co-founded by billionaire NR Narayana Murthy, revised its annual revenue forecast to between 2% and 3% in constant currency terms, from an earlier expectation of revenue being flat to up 2%.
Bengaluru-based Infosys, which provides services such as cloud, data and analytics to companies across the world, said it will also roll out salary increases, promotions across all levels effective Jan. 1.
“Infosys results today … signifies how important it has become for enterprises to invest in IT to weather any disruptive situation – be it pandemic or an economic recession,” Forrester analyst Ashutosh Sharma said.
Infosys reported quarterly operating margin of 25.4%, up from 21.7% last year,
The global smartphone applications processor (AP) market once again defied the COVID-19 pandemic and grew 20% in revenue terms to $5.8 billion in quarter two (Q2) of 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.
The research group says that Qualcomm, HiSilicon, Apple, MediaTek, and Samsung LSI captured the top-five revenue share spots in the global smartphone applications processor (AP) market in the quarter. Qualcomm maintained its lead of the smartphone AP market with a 32% revenue share, followed by HiSilicon with 22% and Apple with 19%.
Strategy Analytics estimates that smartphone AP shipments declined 16 percent year-on-year in Q2 2020, driven by COVID-19-led weakness. However, increased mix of higher-priced 5G APs more than offset this weakness and helped the AP market to register 20 percent year-on-year revenue growth.
Smartphone APs with on-device artificial intelligence (AI) registered strong growth even as the total market declined and accounted
Ethereum was more profitable to mine than Bitcoin in September 2020
Mining revenues soared because of the excitement over decentralized finance
As DeFi excitement wanes, observers are watching closely the launch of Ethereum 2.0
During the month of September, revenue from mining Ethereum has eclipsed that of Bitcoin’s thanks to the excitement surrounding decentralized finance (DeFi).
According to the data from analytics firm Glassnode, miners in the Ethereum network collected 450,089 ETH worth $168.7 million. This is a 39% increase from the previous month’s total of $113 million, Cointelegraph reported.
In contrast, miners in the Bitcoin network netted only $26 million in September, which is a decrease from the $39 million they earned the previous month. This effectively makes mining Ethereum more profitable than mining Bitcoin.
The increase in miner revenue came from the community’s excitement over decentralized finance (DeFi).
Several DeFi protocols and tokens made headlines last
There’s another entrant in the startup race to provide financial services to Latin America’s small and medium-sized businesses.
Financial services have been a huge opportunity for startups coming out of Brazil, Colombia and Mexico in recent years, and now Xepelin, a new company from Chile, is looking to join the fray.
Xepelin’s founders, Sebastian Kreis and Guillermo Molina Carvallo, launched their company with the vision of creating a new kind of online bank for Latin America’s small businesses.
Sebastian Kreis, chief executive officer, Xepelin. Image Credits: Xepelin
The company’s pitch to business owners depends on a variation of the lending tool known as factoring, where small businesses can take out loans based on the income they’re expecting to receive. In Latin America, where small businesses have limited avenues to traditional loans, according to Kreis, factoring represents a novel solution.
Xepelin already has a multimillion dollar credit line on the books
The global smartphone display panel market recorded total revenue of $18.6 billion in H1 2020, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Display Panel Market Share Q2 2020: Revenues Jump 2 Percent, Samsung Display Continues to Lead.”
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005167/en/
The report finds that Samsung Display led the smartphone display market with 50 percent revenue share followed by BOE Technology and Tianma Microelectronics in the first half of the year. The smartphone display panel revenues recorded a jump of 3 percent year-over-year in H1 2020 due to the shipment of high-end OLED panels to smartphone customers. The top-three vendors capturedalmost 73 percent revenue share in the global smartphone display panel market in H1 2020.
NEW YORK, Oct. 5, 2020 /PRNewswire/ — Due to the increasing prevalence of chronic and acute diseases, the demand for drugs, vaccines, and other pharmaceutical and biotechnology products is rising. Thus, as a result of the growing pharma and biotech industries, the global cleanroom technology market is expected to advance to $8,909.6 million in 2030 from $4,204.9 million in 2019, at a 7.0% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
The critical nature of the pharma production process and the extreme caution that needs to be observed during it leads to the increasing installation of cleanrooms. Similarly, the cleanroom technology market is also growing on account of the stringent guidelines of the World Health Organization (WHO) that biotech and pharma firms need to adhere to. The levels of chemical vapor, dust, and aerosol microbes need to be limited inside production and
Emarketer, the well-regarded source of much digital research data, has released data showing that in-app purchases (typically for virtual goods) in mobile apps are growing as a revenue source, and that advertising, due to Covid is shrinking. The mobile app economy has been dominated by in-app purchases since the advent of the smartphone, particularly due to the presence of extensive in-app purchases items in mobile gaming apps. In non-gaming apps there is rising revenue driven by content subscriptions.
Sensor Tower, a well-known data analytics firm in the mobile app arena, according to eMarketer, estimated that global app revenues from in-app purchases rose by 23.4% year-over-year in the first half of 2020 and $36.6 billion came from within games, an increase of more than 20% YOY.
Pune, Maharashtra, India, September 30 2020 (Wiredrelease) Prudour Pvt. Ltd :Market.us delivers granular analysis of 3D Sensing Technology Market Provides an In-Depth Insight of Sales and Trends, Forecast to 2029, which includes global industry analysis, key market trends, vendor classification with their market positioning, sales, revenue and market share with the product type and by applications. Likewise, The development ratio which is expected in perspective of the rational analysis provides thorough information concerning contributions by way of top key vendors, demand, and deliver complete evaluation as well as market proportion boom of the 3D Sensing Technology industry.
3D Sensing Technology Market: An Structure Overview
3D Sensing Technology Market play a vital role in technology and media industry. This intelligence report along with (2020-2029) Forecast of 3D Sensing Technology market study exhibits a pattern of interpreting previous data sources gathered from the most reliable sources and sets a precedented growth
The MarketWatch News Department was not involved in the creation of this content.
Sep 29, 2020 (Heraldkeepers) —
The 5G technology market is segmented based on its technology which includes GSM, HSPA, Wi-Fi and RAT. The geographic segmentation of market is North America, Europe (Western and Eastern), APAC, and Rest of the World.
5G technology is efficient and low investment network compared to other technologies. The rising demand of higher speed rates of internet all over the globe is driving the 5G technology market, 5G networks can deliver data-access speeds up to 10 Gbit/s. 5G technology will be comprised of lowest possible latency i.e. 1-5 milliseconds which is an indulging factor for consumers. Distant learning, video conferencing, multi-user gaming and others applications will drive the need for higher performance from the network thus stimulate the 5G technology market. Enormously wide variation in the requirements is a restraining factor. Some of
DGAP-News: Brockhaus Capital Management AG / Key word(s): Half Year Results 29.09.2020 / 07:00 The issuer is solely responsible for the content of this announcement.
Technology group BCM with revenue growth in the first half of 2020 despite effects of the COVID-19 pandemic
– BCM Group achieves revenue of € 23.2million; +1% growth compared to H12019
– Previous expectation of a “revenue decline in the high single-digit percentage range” for H1 2020 was clearly exceeded
– Environmental Technologies segment (Palas) with strong operating development
– Security Technologies segment (IHSE) due to project postponements on the customer side broadly at prior-year level
Frankfurt/Main, September 29, 2020. Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, “BCM”), a long-term oriented technology group focused on acquiring high-margin and high-growth technology champions within the German Mittelstand, published its results for the first half of 2020 on September 29, 2020.