#revenue

What is the rationale behind newly formed Rev Ops under David Schmoock? Will it create overlapping roles and lead to WFR? Does it include any updates to Services group?

So Amazon Prime increases by $50/yr.

What is happening with ESG? The coffee talk does not sound promising and any one know what the road map is and how much revenue its making.

Ice Berg and his side kick Marne cut a dozen people in procurement this week, then hired another executive to run IT, moved Almost Ded Ned out from Sandipshit because he wasn't bringing any revenue (scapegoat 1). Then gave Ded a BS Innovation title and probably more money.
Heat is turning up after a terrible August and horrible Q3 outlook for Gilly Bean West. But don't worry the new mascot car, Miles Dumpster, in all the communications will keep morale up.

@e1+1k4876rt2

So we want to shift out of the ERP Biz and eliminate any further support for the Maintenance Biz by 2027. Yes, that's right the Maintenance biz for which Siemens by itself pays +50MM per year - a huge amount of revenue will be lost. Our leadership simply says, it's not what we want to be any more.

As was stated in the reference post above, this surely will open the door for 3rd party companies to come in and take over our maintenance biz.

Well, it has already started - have a look: https://www.stocktitan.net/news/RMNI/kbs-partners-with-rimini-street-to-accelerate-its-ai-twpgtdekm3ca.html

KBS is one of largest broadcasting corporations in Korea and they have refused to switch to S4 Hana. So not only will SAP lose the maintenance revenue from this company, it will lose them as a customer on other platforms such as AI investments.

By the time we get to 2027 we will have lost an amazing number of customers to third party maintenance providers and we will also have lost a legacy of future investments from all of our lost customers. What a brilliant idea this was !!

How well our C level team is guiding the company for future growth :-)

CDW’s is now officially dead money — the stock is down ~25% over the past year while the S&P 500 is up 16%, and Q2 showed revenue up 10% on a layup of a number reset but operating income was down 3% thanks to “margin pressure”. Hard to get excited when the CEO’s big vision looks like “steady hand” and “all weather team” while everyone else is lapping CDW in the rally. CEO should pivot to the AI trade, but they won’t. Jump ship if you can. Bets are that this quarter will be equally unimpressive.

Signs that layoffs may be coming include financial troubles such as declining revenue or a hiring freeze, management and leadership changes, reduced perks and benefits, Zero Bonus, increased HR activity, organizational RESTRUCTURING, and shifts in your personal workload or exclusion from meetings and projects.

You may also notice increased secrecy, vague communication from leadership, canceled projects, or a generally somber or uncertain atmosphere in the workplace.

** From 2nd Week of October to 4th week of November you will see many of your team members outlook email id's won't exist

If you follow the money- MassMutual's total revenue in 2023 was $37.954 billion. This figure includes premium income of $25.608 billion, net investment income of $11.249 billion, and fees and other income of $1.097 billion.

And- MassMutual reported $41 billion in domestic insurance sales and $274 billion in client assets for its wealth management business in 2024, though a specific single "revenue" figure for the overall company isn't provided in the same way as for publicly traded companies. The company highlighted strong operating fundamentals, with $2.8 billion in statutory operating earnings and a record payment of $9.4 billion in insurance and annuity benefits for the year.

And yet in 2024 layoffs due to budget not making enough money, etc, etc
In 2025 layoffs due to budget not making enough money, etc, etc
Someones is lying. They either have billions of dollars increased year by year or they don't. Only a few months to go before we know what 2025 numbers are. These numbers are made public on their unauthenticated website / press releases. As someone prior wrote : laid off with a Less than acceptable reason.

Someone is a doggie lover. It's not dog food, it's food food. Capital Management increased stake in Freshpet by 13% recently. Since the move, FRPT is down 12%. Checkout Marketbeat.com. Revenues are down. Why buy individual stocks anyway. Risks too high. Use AI.

We are going to see something crazy really soon. People will cut lines as they lose revenue and get laidyed off. The is going to mean one thing an one thing alone. PHONE PLANES MUST GO DOWN.....PHONE PLANES MUST GO DOWN. We can't afford india anymore. the poeople in the USA won't pay. they will cut costs. they are going to do the best and most wise thing. cut costs. First is the car...2nd is the phone. lovely world coming

The numbers for August have been released and if you thought July was bad, think again.

I guess when sales people are continuously lied to and the company makes it almost impossible for those people to make a honest living, you get these results.

It’s a nice touch that they are giving us an extra 1% incentive this month on our sales. I also find it funny that once again the marketing department wants to know if our competition used the tariffs as an excuse to raise prices.

The employees of this company are not happy with the leadership. This new regime has ruined Canon and no one has the ba--s to tell the man that he is continually making mistakes for fear of losing their job.

Send the company survey out in September. Regardless of whether it’s anonymous or not, does anyone really think we will ever see the true results. I think we all, including senior leadership, know exactly what they will see. We will see a company where the employees have lost pride in the company they are employed by. You will see a company where the majority of employees lack trust in leadership.

In the end, the numbers and the profits may look good on paper but we all know those numbers are fabricated and won’t last forever as long as the hard working employees remain unsettled with the current state.

Gap continues to show signs of being on firmer footing.

On Thursday, the San Francisco-based specialty retailer reported that net sales for the second quarter ended Aug. 2 reached $3.7 billion, which were flat compared to last year, though comparable sales, a better barometer of the business, rose 1 percent year-over-year.

Operating income was essentially flat at $292 million from $293 million a year ago. Net income rose to $216 million, up from $206 million in the year-ago period.

“When we roll up all of the components of our business and we look at our quarter results, it’s really showing our strategy is working,” Richard Di-kson, president and chief executive officer of Gap Inc., told WWD. “We had another solid quarter. We overdelivered on our profit expectations, and we achieved our top-line goals. Comps were up 1 percent in total. That’s the sixth consecutive quarter of positive comps, and our three largest brands all posted positive comps for the second quarter,” Di-kson said, referring to Old Navy, Gap and Banana Republic. Gap Inc.’s portfolio also includes Athleta.

“We’ve been building a strong balance sheet. We’ve got cash balances right now of $2.4 billion, which is up 13 percent year-over-year. So this is a real story about doing what we say we’re going to do, delivering with consistency, and it’s giving us great confidence as we head into the second half.”

Despite the stronger results, the retailer’s shares fell 2.8 percent to close at $21.68.

Gap Inc. expects $150 million to $175 million in tariff impact on its fiscal 2025 operating income, which translates to 100 to 110 basis point impact on operating margin.

“What’s really important is that while there’s an impact in 2025 we do not expect the annualization of tariffs in 2026,” Katrina O’Connell, Gap Inc.’s chief financial officer, told WWD. “As we look to address tariffs this year, we’re utilizing a lot of the levers. We’ve discussed thoughtful adjustments to our sourcing. We’re looking at manufacturing, we’re looking at assortments, we are doing some targeted pricing. But we’re really focused on sustaining the momentum and market share gains that our reinvigoration playbook is driving as we pursue our tariff mitigation plans.”

Asked what’s been selling best, Di-kson said, “It’s been an exciting denim season for the industry, but I think in particular, Gap brand has been leading the way.” He cited the launch last week of the “Better in Denim” campaign featuring the Katseye girl group, and said the campaign has become the number-one search on TikTok, with 400 million total views. “It’s proving Gap is a powerful pop culture brand, but the denim category for Gap and Old Navy has been outstanding for us. Going into the back half, we will continue that momentum.”

Di-kson also cited the active category as a strong performer, particularly at Old Navy, fueled by a recent campaign with Lindsay Lohan and product innovation, and strategic partnerships. “Our Disney partnership this past quarter was very successful combination of what we call family appeal and trend-right products.”

Di-kson continues to search for a new head of Banana Republic. The position has been vacant for over a year, though Di-kson has been very involved in rejuvenating the brand.

“Banana Republic does over $2 billion worth of business. There are very few $2 billion brands in the industry so you need somebody who really understands how to operate a brand at scale. Over the last year we’ve been working very hard to reestablish the brand, the positioning, the vision, the codification, if you will, and now that we’ve evolved as a brand we’re looking for somebody who can accelerate and execute against a strategy and vision versus reshaping the brand. The brand is in very good condition now.”

Banana Republic’s second-quarter net sales of $475 million were down 1 percent compared to last year, but comparable sales rose 4 percent.

Old Navy, the largest volume brand in the Gap Inc. portfolio, generated second-quarter sales of $2.2 billion, up 1 percent compared to last year. Comparable sales rose 2 percent. “Old Navy continues to demonstrate consistency in execution with reinvigoration efforts continuing to progress,” the company indicated in a statement issued Thursday.

Gap brand’s second-quarter net sales of $772 million were up 1 percent compared to last year. Comparable sales were up 4 percent, achieving positive comparable sales for the seventh consecutive quarter.

Athleta’s second-quarter net sales of $300 million were down 11 percent compared to last year, while comparable sales were down 9 percent. “The brand continues to focus on resetting for the long term and improving its product and marketing, which will take time,” the company noted.

In other statistics, Gap Inc.’s store sales decreased 1 percent compared to last year, but online sales increased 3 percent and represented 34 percent of total sales. The company ended the quarter with about 3,500 store locations in over 35 countries, of which 2,486 were company-operated.

Asked why store sales were down slightly, Di-kson replied, “We believe in our stores. Stores are a really important way for our customers to experience our brand. We’re also at a pivotal point with our fleet, which is positioned much more optimally. We’ve been doing a lot of coming back over the last several years. We’re also testing some new formats and experience like Gap in Flatiron and Banana Republic in SoHo,” Di-kson said, referring to the two Manhattan neighborhoods

“We believe we’ve got great opportunity to drive more business out of our stores,” Di-kson said. “But on balance, we really look at our omnichannel approach as a way to gauge our business and our consumer reaction.” Some of the decline in store sales is due to closures, particularly at Banana Republic, but traffic overall at the stores was up last quarter.

Gross margin in the second quarter came to 41.2 percent and decreased 140 basis points versus last year. Merchandise margin decreased 150 basis points versus last year, primarily driven by lapping the benefit of incremental sales in the second quarter of fiscal 2024 relating to the company’s revenue-sharing agreement with its credit card partners.

“Gap Inc. overdelivered on profit expectations and achieved our top-line goals. With positive comps for the sixth consecutive quarter, fueled by our three largest brands Old Navy, Gap and Banana Republic, it’s clear our strategy is working,” Di-kson said in his prepared statement. “Two years ago, I shared my vision for leading Gap Inc. into an exciting new chapter. Since then, we’ve built a stronger foundation with more relevant brands, a sharper operating platform, and a more unified culture while consistently demonstrating agility and resilience in dynamic environments. We are advancing our transformation with discipline, clarity, and momentum and remain committed to building a high-performing company that delivers sustainable, long-term value for our shareholders.”

The company ended the second quarter with cash, cash equivalents and short-term investments of $2.4 billion, an increase of 13 percent from the prior year.

Like seriously, what does this guy even do that brings revenue for the company?

Does his salary justify what he does?

Absolutely not

When will IBM get achieve a healthy revenue growth rate? It has been many years since we have had consistent impressive revenue growth. It seems executives are focused on cost cutting and acquisitions to achieve profitability and meager revenue growth.

Very strong focus on selling these days. From delivery partners to client partners: everyone has been asked to contribute to quarterly revenues. Looks like the old IBM days of shoving iron ( aka Z systems) down everyone’s throat and generate revenue.

In a Thursday interview with CNBC on the same day of the report, CEO Chuck Robbins addressed AI technology in the company’s workforce.

“I don’t want to get rid of a bunch of people right now. I don’t want to get rid of engineers,” Robbins said. “I just want our engineers we have today to innovate faster and be more productive and that gives us a competitive advantage.”

Robbins said if AI keeps advancing at Cisco, the company could possibly hire fewer employees. Cisco did not respond to SFGATE’s request for comment on the latest round of layoffs.

https://www.sfgate.com/tech/article/bay-area-tech-titan-announces-layoffs-strong-20826542.php

Rewards budget is horrible this year Considering the good revenue year cisco declared, don’t expect many promotions

Sickening really - those at the top getting insane stock options + bonus's, company making record profits, then they do this!

Any I have been unofficially told by my line manager that we should not expect any bonus/rise or RSU's in this years performance cycle.

Do they not realise its us peasants at the bottom of the tree that are enabling them to make this huge revenue?