Oct 6, 2024
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इंफोसिस: 20 नवंबर से शुरू होगा 18,000 करोड़ रुपये का शेयर बायबैक, यहां पढ़ें पूरी डिटेल
Business News: आईटी कंपनी इंफोसिस ने अपने सबसे बड़े शेयर बायबैक प्रोग्राम की घोषणा की है। यह बायबैक 18,000 करोड़ रुपये का है जो 20 नवंबर से शुरू होगा। बायबैक की सब्सक्रिप्शन अवधि 26 नवंबर तक चलेगी। कंपनी ने रेगुलेटरी फाइलिंग में इसकी जानकारी दी। इंफोसिस 10 करोड़ इक्विटी शेयर्स को 1,800 रुपये प्रति शेयर के भाव से खरीदेगी। यह कुल पेड-अप इक्विटी शेयर कैपिटल का 2.41 प्रतिशत हिस्सा है। कंपनी ने कहा…
इंफोसिस: 20 नवंबर से शुरू होगा 18,000 करोड़ रुपये का शेयर बायबैक, यहां पढ़ें पूरी डिटेल
Business News: आईटी कंपनी इंफोसिस ने अपने सबसे बड़े शेयर बायबैक प्रोग्राम की घोषणा की है। यह बायबैक 18,000 करोड़ रुपये का है जो 20 नवंबर से शुरू होगा। बायबैक की सब्सक्रिप्शन अवधि 26 नवंबर तक चलेगी। कंपनी ने रेगुलेटरी फाइलिंग में इसकी जानकारी दी। इंफोसिस 10 करोड़ इक्विटी शेयर्स को 1,800 रुपये प्रति शेयर के भाव से खरीदेगी। यह कुल पेड-अप इक्विटी शेयर कैपिटल का 2.41 प्रतिशत हिस्सा है। कंपनी ने कहा…
Share buybacks help companies return cash to shareholders, improve financial ratios, and signal positively to the market, creating short-ter
SIS Shares Buyback: चार साल में चौथी बार बायबैक का ऐलान, इस कीमत पर खरीदेगी शेयर
SIS के बोर्ड ने 150 करोड़ रुपये के बायबैक को दी मंजूरी SIS (Security and Intelligence Services) ने अपने शेयरधारकों के लिए एक और बायबैक ऑफर पेश किया है। कंपनी के बोर्ड ने 5 रुपये की फेस वैल्यू वाले 37.12 लाख शेयरों को वापस खरीदने की मंजूरी दी है। इस बायबैक के लिए 404 रुपये प्रति शेयर का फिक्स प्राइस तय किया गया है, जो मौजूदा बाजार भाव से 18.13% अधिक प्रीमियम पर है। हालांकि, बायबैक की रिकॉर्ड डेट…
New TDS Rates Effective Today: Know the Impact
New TDS Rates Effective Today: These Transactions Will Be Impacted Starting today, October 1, 2024, several key tax changes, including revisions to the Tax Deducted at Source (TDS) framework, come into effect as outlined in the Union Budget 2024. These updates impact a range of transactions, from rent and insurance payouts to e-commerce and more. What is TDS?TDS, or Tax Deducted at Source, is a…
https://www.techbooky.business/meta-surpasses-expectations-announces-dividend-for-first-time-ever/
Meta Surpasses Expectations, Announces Dividend For First Time Ever
Meta, the parent company of Facebook, delivered an impressive fourth-quarter earnings report, beating both earnings and revenue expectations. The stock surged by 14% in extended trading following the announcement. Here are the key figures from Meta’s Q4 report compared to estimates:
Earnings per share: $5.33 vs. $4.96 expected by LSEG (formerly Refinitiv)
Revenue: $40.1 billion vs. $39.18 billion expected by LSEG
Daily active users (DAUs): 2.11 billion vs. 2.08 billion expected
Monthly active users (MAUs): 3.07 billion vs. 3.06 billion expected
Average revenue per user (ARPU): $13.12 vs. $12.81 expected
Meta’s revenue saw a substantial 25% increase in the quarter, reaching $40.1 billion, making it the fastest growth rate since mid-2021. The online advertising market’s continued recovery contributed to this growth. Operating margin more than doubled to 41%, reflecting cost-cutting measures that enhanced profitability. Expenses decreased by 8% year over year to $23.73 billion.
Net income soared over threefold to $14 billion, or $5.33 per share, compared to $4.65 billion, or $1.76 per share, in the same period the previous year. Meta plans to pay a dividend of 50 cents per share on March 26, marking its first-ever dividend payment. Additionally, the company announced a $50 billion share buyback program.
Meta’s Reality Labs unit reported sales surpassing $1 billion in the quarter, although the virtual reality unit recorded losses of $4.65 billion.
The company anticipates first-quarter sales to be in the range of $34.5 billion to $37 billion, surpassing analysts’ expectations of $33.8 billion. Expenses for 2024 are estimated to be between $94 billion and $99 billion.
Meta’s headcount as of December 31 was 67,317, reflecting a 22% year-over-year decrease following layoffs.
Chinese retailers played a role in Meta’s financial recovery, with revenue from China-based advertisers accounting for 10% of sales for the year. Zuckerberg attributed the growth to advances in artificial intelligence, which boosted the ad business.
The earnings report follows a challenging Senate Judiciary Committee hearing where Meta’s CEO Mark Zuckerberg and other social media executives faced tough questions from lawmakers regarding child exploitation concerns and platform safety.
Despite the strong financial results, Zuckerberg highlighted Meta’s commitment to investing in AI and computing infrastructure without significant expansion in headcount. The company aims to maintain a lean structure, with minimal additions to its workforce.
Meta’s robust performance adds to a positive trend in the tech industry, with Amazon and Apple also reporting better-than-expected results, marking the end of the earnings season for major tech companies.
Ripple's Tactical Pivot: Shifting from IPO Aspirations to a $285 Million Share Repurchase Amid Ongoing SEC Conflict
Ripple Abandons IPO Plans, Commits to $285 Million Share Buyback, Aiming for $11.3 Billion Valuation Post-SEC Legal Battle Ripple, a major player in the payment remittance sector, has made a significant strategic shift by stepping away from its original intention of going public. As it approaches the conclusion of its extensive legal dispute with the U.S. Securities and Exchange Commission (SEC), Ripple is now focusing on an extensive share buyback program. This initiative involves a tender offer to repurchase shares from its initial investors, marking a crucial change in Ripple's approach to enhancing shareholder liquidity.
Having traversed through five funding stages, including angel funding rounds and Series A, B, and C rounds, Ripple plans to execute a buyback estimated at $285 million, aimed at reclaiming shares from its foundational supporters.
Insights from Reuters suggest that the successful completion of this share repurchase plan could elevate Ripple's valuation to an impressive $11.3 billion. The report also highlights the imposed limitations on stake sales, capped at a maximum of 6%. Ripple has acknowledged the offer and plans to allocate an additional $500 million, specifically for converting restricted stock units (RSUs) into shares. RSUs, commonly part of employee compensation packages, play a pivotal role in this financial maneuver.
Ripple's CEO, Brad Garlinghouse, has outlined the company's future strategy, emphasizing the commitment to regular share buybacks to provide consistent liquidity to investors. This approach replaces Ripple's earlier intention to go public, with Garlinghouse citing the regulatory uncertainties in the U.S. as a crucial factor in this strategic shift.
The recent legal victory against the SEC, where the ruling determined that Ripple's XRP is not an "investment contract," has further emboldened the company's decision to pursue share repurchases.
Presently, XRP is trading at $0.5997, reflecting a 2.60% decrease in its daily value. This financial landscape sets the stage for Ripple's upcoming strategies in the dynamic realm of digital currencies. The company's strategic pivot underscores its adaptability and resilience in the face of regulatory challenges, signaling a sustained and impactful presence in the fintech industry.