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TigerWit Achieves 96% YoY Uptick in Total Revenue in 2018

“Specifically, total revenue for TigerWit was $19.6 million in 2018, the company states” writes Celeste Skinner for financemagnates.com. Our plan this year is to grow our global footprint even further and we look forward to providing further updates throughout the year,” Hughes added.Commenting on the results, Tim Hughes, the CEO at TigerWit said: “2018 was a fantastic year for TigerWit and our global operations.Already, TigerWit is a sponsor of Liverpool FC, which the company believes was one contributor to its success in 2018. Source: financemagnates.com

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IBM earnings and 2019 guidance beat estimates — stock jumps

“IBM’s Global Business Services segment collected $4.3 billion in revenue, exceeding the $4.15 billion estimate, and the Systems segment came in at $2.6 billion, below the $2.77 billion estimate” writes Jordan Novet for cnbc.com. Analysts were expecting IBM to forecast $13.79 in earnings per share, excluding certain items, for 2019, according to Refinitiv.With respect to guidance, IBM said it’s looking to generate at least $13.90 in earnings per share, excluding certain items, in all of 2019. Source: cnbc.com

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IBM revenue beats estimates on strength in cloud, services businesses

“IBM’s revenue of $4.32 billion from its global businesses services segment also beat estimates of $4.15 billion” writes Midwest Communications Inc for 95kqds.com. IBM said its cloud business, part of what it refers to as “strategic imperatives”, grew 12 percent to $19.2 billion in 2018.IBM also forecast operating earnings for 2019 to be “at least” $13.90 per share, while analysts on average were expecting $13.79.The company reported net income of $1.95 billion, or $2.15 per share, compared with a loss of $1.05 billion, or $1.14 per share, a year earlier.(Reuters)…

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Digital identity management firm Keyfactor, formerly Certified Security Solutions, announces $77M in growth funding led by Insight Venture Partners

“Keyfactor, formerly Certified Security Solutions, was founded in 2001 with the mission of automating digital security management across automotive, financial, health care, and retail verticals” writes Kyle Wiggers for venturebeat.com. In the nearly 20 years since its incorporation, it has carved out a sizeable slice of the $22.68 billion global identity and access management market.The company says it has managed to double revenue year over year, with clients in the Global 2000, like Lightspeed Systems. Source: venturebeat.com

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Johnson & Johnson 2019 revenue forecast misses expectations

“(Reuters) – Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates as the healthcare conglomerate faces increasing competition for some of its older drugs” writes Midwest Communications Inc for 95kqds.com. Excluding items, the company earned $1.97 per share, beating analysts’ average estimate of $1.95 per share.The company said it expected adjusted 2019 profit in the range of $8.50 per share to $8.65 per share, compared with analysts’ expectation of $8.60 per share.In the quarter ended Dec. 31, the company’s litigation expense doubled to $1.29 billion. Source:…

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EasyJet posts revenue drop, sees decline ahead

“Budget airline easyJet PLC (EZJ.LN) on Tuesday said revenue per seat fell 4.2% in its first quarter and that, with around 40% of all potential bookings secured for the second quarter, it anticipates further decline” writes Oliver Griffin for marketwatch.com. The airline said that given its current 2Q booking levels it expects revenue per seat in the first half to decline by the mid-to-high single digits.EasyJet said total revenue for the three-month period rose to GBP1.30 billion from GBP1.14 billion. EasyJet also anticipates booking GBP10 million in customer-welfare costs due…

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IG Group marks 6% decline in net revenues in H1 FY19, in line with forecasts

“In tune with forecasts, IG recorded a 6% year-on-year drop in net trading revenues in H1 FY19” reports financefeeds.com. Net trading revenue was £251 million in the period, compared to £268.4 million in H1 FY18.Online trading major IG Group Holdings plc (LON:IGG) has earlier today posted its results for the six-month period to end-November 2018. Source: financefeeds.com

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U.S. chipmakers may give clues on China hazard

“Even a quick end to the trade dispute would not guarantee a return to strong results from U.S. companies’ China operations” writes Midwest Communications Inc for 95kqds.com. Investors will listen closely to what those companies may say about how the China trade dispute and the country’s cooling economic expansion are affecting demand for their products.Texas Instruments and programmable chipmaker Xilinx , both reporting on Wednesday, and Intel, reporting on Thursday, are among the S&P 500 companies most reliant on China for their revenue. Source: 95kqds.com

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Apple has its problems but the App Store isn’t one of them, says Bernstein

“Could competing app stores pop up?” writes Emily Bary for marketwatch.com. NFLX, -3.99% Spotify Technology SA SPOT, +0.31% and the makers of Fortnite have complained about the “Apple tax” that shaves 15% to 30% off their App Store revenue when consumers sign up for a subscription inside one of their apps, or buy an app outright.In fact, it’s not even a top seven concern.” His comments in defense of the App Store’s business model come as several popular tech companies have talked about pulling back on the ways they use…

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Starbucks earnings: The Americas are making a comeback, but China is an uncertainty

“RBC is forecasting for 3% same-store sales growth in the Americas for the quarter, while FactSet is guiding for 3.1% growth in the region” writes Tonya Garcia for marketwatch.com. Revenue: FactSet is guiding for revenue of $6.49 billion, up from $6.07 billion last year.Also: Beyond Meat is going public: 5 things to know about the plant-based meat maker Earnings: FactSet expects earnings of 65 cents per share, flat with last year’s result.Starbucks has beaten the FactSet revenue estimates the last four quarters.Starbucks stock has an average overweight rating and an…

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