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Telkom reports revenue decline

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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

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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

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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

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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

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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

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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

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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

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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

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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...

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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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