Tag Archives: Computing

Strong Sequential Growth in Q3; Expect Strong Q4 and Resuming Guidance

Customer Engagement Cloud Momentum Expected to Continue in Q4 and Next Year

Separation Plan on Track; Announcing New Name for Cyber Intelligence Business – Cognyte Software Ltd

Virtual Investor Days to be Held in January Ahead of Separation to Review Strategies and Long-Term Targets

MELVILLE, N.Y.–(BUSINESS WIRE)–Verint^® Systems Inc. (NASDAQ: VRNT), a global Actionable Intelligence^® leader, today announced results for the three and nine months ended October 31, 2020 (FY2021). Revenue for the three months ended October 31, 2020 was $328 million on a GAAP basis and $331 million on a non-GAAP basis. For the three months ended October 31, 2020, diluted EPS was $0.11 on a GAAP basis, and $1.02 on a…

Atlantic.Net Inc., a global cloud services provider, has replaced or integrated over 50 different device management, subscription billing, and customer support systems into one. Ubersmith business management software has enhanced business processes from 7 to 14 days a day, enabling quick response to support issues and making a 55% improvement in billing for customer overuse by enabling resolution in the last half did.

“By consolidating all our previous systems into Ubersmith, customer information related to billing, products and service is centralized in one place, making it readily accessible,” said Marty Puranik, founder and CEO, Atlantic.Net. “Plus, we’ve eliminated the need for training our staff on different systems, which saves countless hours and streamlines…

DANIA BEACH, Fla.–(BUSINESS WIRE)–Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2020 ended November 1, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Fiscal Q3 2020 Highlights:

• Net sales of $1.78 billion grew 45 percent year-over-year
• Gross margin of 25.5 percent expanded 180 basis points year-over-year
• Net loss of $32.8 million, including share-based compensation expense of $25.1 million
• Net margin of (1.8) percent improved 460 basis points year-over-year
• Adjusted EBITDA⁽¹⁾ of $5.5 million improved 118 percent year-over-year
• Adjusted EBITDA margin⁽¹⁾ of 0.3 percent…

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Nuverra Environmental Solutions, Inc. (NYSE American: NES) (“Nuverra,” the “Company,” “we,” “us” or “our”) is pleased to announce the closing of a multi-faceted debt refinancing with First International Bank and Trust based in Watford City, ND. Nuverra executed a $10.0 million real estate loan, a $13.0 million equipment financing under the Main Street Priority Lending program, a $5.0 million undrawn working capital revolver and a $4.839 million letter of credit facility. Proceeds from the real estate loan and the equipment financing repaid all outstanding obligations owed to Ares under our first lien facility and revolver (which included the outstanding letters of credit) and all outstanding obligations under our second lien…

GCCs have kept the lights on for their global enterprise during these unusual times by pioneering the shift to Remote Working, and subsequently, other sectors of the economy followed suit. And we all discovered – that Work From Home actually works!

However, your delivery center is no longer in a swanky office district, or an SEZ – but rather in the Employee’s Home. As a senior GCC leader remarked – if you earlier had 5000 Employees at your India Office – you now have 5000 Offices in India. During the pandemic the Home has been a bunker, a cocoon, and also the heart of your delivery engine. Perhaps we can even call this new delivery model HomeShoring.

Since WFH productivity has been good, with attendant cost benefits – CFOs are hinting at longer term WFH beyond the…