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Telkom reports revenue decline

South African telecoms operator, Telkom this week published its annual financial results for the year ended 31 March 2022, reporting that its revenue dropped...

Spotify targets $100 billion revenue in 10 years

Spotify Technology said it expects to reach US$100-billion (R1.5-trillion) revenue annually in the next 10 years and promised high-margin returns from its costly expansion into...

Zoom sales, profits exceeds expectations

Zoom Video Communications projected sales and profit for the current quarter that topped Wall Street’s estimates, a sign that the software vendor is finding ways...

Twitter misses revenue estimates ahead of sale to Musk

Twitter, in one of its last earnings reports before Elon Musk takes the company private, reported revenue that missed analysts’ estimates, reflecting a slowdown in...

5G to generate 77% of global operator REVENUE by 2026

A new study from Juniper Research has found that revenue generated from 5G services will reach $600 billion by 2026; representing 77% of global operator-billed revenue. It...

Zoom’s revenue slows down as it succumbs to stiff competition

Videoconference giant platform Zoom saw a slum in its shares to 17-month lows  this week after posting its slowest quarterly revenue growth amid stiff...

Ecobank is most profitable bank in Ghana 2020

Ecobank Ghana has reported a total revenue of GHC1.8 billion and a GHC782 million profit before tax, making it the most profitable bank in...

MTN Ghana, Nigeria, SA drive Q1 revenue growth for Group

MTN Group on Wednesday posted a near 18% jump in first quarter revenue, led by double-digit growth in commercial operations across Ghana, South Africa,...

Samsung forecasts Q4 operating profit surge

Samsung has predicted another increase in operating profit despite modest revenue gains in Q4 2020, as the Covid-19 (coronavirus) pandemic fueled growth in semiconductor...

ICUMS generates GHS10.5 billion for GRA despite Covid-19 impact on trade...

Data emerging from the Ghana Revenue Authority (GRA) shows the Integrated Customs Management System (ICUMS) generate a record GHS10.5 billion as of December 12,...


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