42m ago
Seagate jumps after fiscal 2025 Q4 results, guides above estimates
Seagate Technology (STX) reported fiscal 2025 fourth-quarter revenue of $3.63 billion, up 49% year over year, and a non-GAAP gross margin of 52.7%, a 14.8-percentage-point increase from a year earlier. Earnings came in at $5.71 per share, topping analysts’ expectation of $5.10. The company said robust cloud data center storage demand remained the key growth driver. The results provided a fresh, verifiable earnings catalyst that directly feeds into STX’s valuation and market sentiment.
42m ago
1h ago
Persistent Q1 net profit rises 13.7% YoY to Rs 483 crores as revenue climbs 29%
Persistent Systems reported results for the quarter ended June 30, 2026, with net profit up 13.7% year on year to Rs 483 crores and revenue rising 29%. Quarterly Total Contract Value (TCV) hit a record $1.15 billion, including a 6.5-year strategic services deal worth more than $650 million. The company said its attrition rate eased to 12.3%. Persistent is an India-listed IT services company, and its shares trade on the NSE and BSE under the ticker SUS.
1h ago
2h ago
India’s top cigarette makers report weaker volumes despite revenue gains after tax changes
India’s three largest cigarette companies—ITC, Godfrey Phillips and VST—together control over 90% of the country’s market. Recent quarterly disclosures show ITC’s cigarette net revenue excluding duties fell 31.45%, VST’s monthly cigarette volumes dropped 14%, and Godfrey Phillips’ consolidated net profit declined 44.3%. The figures point to contracting cigarette consumption and rising earnings pressure for listed firms whose core business is cigarettes.
2h ago
2h ago
US judge signs off on Anthropic’s $1.5 billion settlement over nearly 500,000 pirated books
A US federal judge approved Anthropic’s $1.5 billion settlement over its use of nearly half a million pirated books. The ruling stems from a copyright lawsuit and does not involve public-company share issuance, dividends, M&A activity, or new regulatory changes, and it did not affect traditional financial-market instruments. Anthropic is privately held and not listed, and its fundraising or legal spending does not transmit through to publicly traded traditional assets.
2h ago
2h ago
Nvidia reports $500 billion AI chip backlog for 2025 and 2026 bookings
Nvidia said its AI chip order backlog totals $500 billion, covering bookings for 2025 and 2026. For the first quarter of fiscal 2027 ended April 26, the company reported revenue of $81.6 billion, up 85% year over year. Net income rose to $58.3 billion, an increase of 211% from a year earlier. The backlog points to continued heavy capital spending by hyperscalers, offering greater visibility into future revenue.
2h ago
2h ago
Oriental Aromatics posts Q1FY27 results and puts July 31, 2026 earnings call recording online
Oriental Aromatics reported a 400% year-on-year jump in consolidated net profit to 331.07 lakh rupees for the first quarter ended June 30, 2026, while standalone net profit rose 42% to 815.32 lakh rupees. Consolidated revenue reached 2,598 million rupees, up 15.2% from a year earlier. The company attributed the gains to improved operating efficiency and higher sales realisations, partly offset by higher raw material costs. The disclosure was made as part of the company’s statutory reporting requirements for listed firms.
2h ago
3h ago
Access, Zenith, UBA and other Nigerian banks step up crackdown as fraud-linked BVNs hit 13,117 in 2025
The Central Bank of Nigeria (CBN) reported 13,117 Bank Verification Numbers (BVNs) linked to fraud in 2025, as total BVN registrations rose to 67.82 million. Over the same period, outstanding consumer credit fell 19.89% year on year to N3.78 trillion, with personal loans shrinking sharply while retail loans climbed 63.77%. The figures point to tighter anti-fraud and credit-risk controls that are pushing commercial banks to narrow access to personal lending.
3h ago