June 28, 2022

Trimble Clocks 12 Percent Revenue Growth in Q4; Issues FY22 Guidance

Trimble Inc. reported fourth-quarter FY21 revenue growth of 12 percent year-on-year to $926 million, beating the consensus of $895.6 million. Annualized recurring revenue was $1.41 billion, up 9 percent Y/Y. Product revenue grew 14.6 percent Y/Y to $562 million. Service revenue was flat at $165.1 million…

Sequans Q4 Revenue Tops Consensus; Supply Chain Issues Lead to Flat Q1 Outlook

Sequans Communications SA. reported a fourth-quarter FY21 revenue decline of 12.5 percent year-on-year to $13.8 million, beating the consensus of $13.7 million. Product revenue declined 42.6 percent Y/Y to $6.9 million, and Services and license revenue rose 84.8 percent to $6.9 million. The gross margin expanded by 1,200 bps to 57.1 percent…

Report: Apple’s Pro-Consumer Privacy Changes Cause 15% Drop in Revenue for Advertisers

A recent report on the impact of Apple’s privacy changes for iPhones and iPads appears to show that advertisers are experiencing a 15 to 20 percent drop in revenue. The changes allow consumers to block advertisers from tracking them, a business model criticized as “surveillance-based” advertising. VenureBeat reports that Consumer Acquisition’s Brian Bowman has sounded the alarm…

Report: CNN to Lay Off up to 50 Employees After Missing Revenue Targets.

Joe Pompeo writes at Vanity Fair that CNN, led by its president Jeff Zucker, will soon lay off dozens of employees — mostly from “several high-profile digital initiatives” — after the left-wing news network failed to reach revenue targets. From Vanity Fair: [D]espite the so-called Trump Bump, CNN appears to be re-thinking at least some […]