Digital transformation is the name of the game — and that’s great news for Microsoft. The company, which reported its Fiscal Year 2024 Q3 earnings results on Thursday (April 25), has seen ongoing enterprise digitization fuel a greater appetite across the business landscape for innovations like...
Come for the comments about AI. Stay for the earnings call. That will most likely be the pattern of big tech earnings over the next two weeks as companies prioritize technology over financial reporting. It was the case when Meta reported Wednesday (April 24). And...
Business travel is on a steady ascent, aligning with the resurgence observed in the leisure travel sector over the past three years. On Thursday (April 25), American Airlines announced a record first-quarter (Q1) revenue of approximately $12.6 billion, with business travel showing robust growth, particularly among...
Dutch payments firm Adyen saw its digital processed volume leap 51% year over year during the first three months of 2024. This happened during a quarter in which the company’s total processed volume rose 46% year over year, Adyen said in a business update released...
Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a solid first quarter on Thursday (April 25) marked by an optimistic take on consumer spending. The company reported a substantial...
Higher prices at Chipotle haven’t kept customers from visiting and spending at the fast-casual restaurant. They’re doing so because of value, executives said during the company’s quarterly earnings call. Chipotle saw its comparable restaurant sales increase 7% year over year during the first quarter, the company said...
Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders. Branded digital transactions grew by 13% year over year (YoY), the company detailed in its materials. CEO Devin McGranahan said during the conference call with analysts that...
Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some concern over a decrease in revenue from the upcoming Consumer Financial Protection Bureau (CFPB) late fee ruling. Synchrony CEO Brian...
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion,...
