Epson Celebrates the 50th Anniversary of the Epson Brand
*5 Based on the 2023 issue of QYRESEARCH's Global Timing Device Market Report, per Epson's research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
15 hours ago
- Al Bawaba
Agility Global PLC Reports Q2 2025 EBIT of $97 Million
Agility Global PLC, a multi-business owner, operator and long-term investor, today reported Q2 2025 earnings of $24 million, or 0.24 cents per share. EBIT grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 the first six months period, earnings stood at $45 million, or 0.44 cents per share. EBIT grew 1% to $189 million, EBITDA increased 7% to $354 million, and revenue rose 12% to $2.3 of June 30, 2025, Agility's investment segment had a total asset value of approximately $5.5 billion, and total assets value was $12.7 Global Chairman, Tarek Sultan, said: 'The Group delivered another quarter of healthy operational performance, supported by continued organic growth across our core businesses. We see robust growth in Menzies and Agility Logistics Parks. Tristar delivered steady top-line growth and operational ramp-up; however, the lower-margin profile of this growth, compounded by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our operational momentum and underlying business fundamentals remain strong.'Sultan added: 'Our diversified portfolio, spanning critical logistics infrastructure across high growth markets, enables us to navigate global economic headwinds effectively. We continue to execute on our strategy, focusing on disciplined growth and value creation.'Controlled SegmentFor Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was $179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled businesses was $174 million; EBITDA was $339 million; and revenue $2,343 Services: MenziesMenzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the same period in 2024. The growth was mainly driven by increased volumes from new operations in Portugal and Spain; ground handling yields improvements; and strong cargo volumes across the regions excluding the impact of the closures of some non-profitable stations. In Q2, Menzies Ground Handling and fueling operations serviced close to 1.5 million the same period, EBITDA and EBIT grew 13% and 24% with all divisions and service lines showing growth. Improved EBITDA and EBIT margins indicate the business's ability to leverage its existing platform for growth. In Q2, Menzies expanded its executive lounge presence in Europe, adding a Pearl lounge in Bratislava to the portfolio. Regulatory approval for the acquisition of 100% of US-based G2 Secure Staff is expected in Logistics: TristarTristar, a fully integrated fuel logistics business, reported Q2 revenue of $346 million, EBITDA of $64 million and EBIT $33 million. The 17.3% revenue growth over Q2 2024 was mainly driven by the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. Although the retail fuel business is a low margin business today, Tristar is gaining a strong market presence and expects profit margins to improve in 2026 as efficiencies are realized, and the network expands. The maritime segment continued to face market headwinds during the quarter, but management remains confident in the long-term potential of this Real Estate: Agility Logistics Parks (ALP)Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase from the same period last year. EBIT stood at $10 demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, particularly Riyadh. ALP's ongoing development of 226K SQM of new warehousing space is progressing and on schedule; some units have already been delivered, and the remainder are scheduled for delivery during the remaining months of GCC warehousing sector is experiencing robust demand driven by e-commerce growth, 3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where demand for modern logistics infrastructure is SegmentAs of June 30, 2025, Agility Global's investment segment stood at $5.5 billion in asset segment's key assets include stakes in DSV and Reem Mall.● DSV, Agility Global's largest investment holding, delivered solid Q2 2025 performance, underpinned by continued organic operational strength. The DB Schenker integration remains largely on track. While the share price has been volatile over the period, we are managing our equity collar with prudence to protect downside risk and restructure upside potential in line with DSV's intrinsic performance. Agility Global's DSV investment value has increased by 12% YTD.● Agility Global is an investor in Reem Mall on Abu Dhabi's Reem Island, Abu Dhabi's latest signature shopping, dining, and entertainment family destination, spanning around 183.4K sqm of Gross Leasable Area (GLA). Anchored by hypermarkets and notable entertainment and home furnishing concepts, the mall will be home to around 400 international and local brands. One of the prominent recent openings was Sharaf DG, an expansive 3,334 sqm electronics retail space with 34 brand experience zones, making it the largest store of its kind in Abu Dhabi. As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking months for footfall and tenant sales in May and June where key metrics have increased by 30% and 40% respectively.
Al Bawaba
15 hours ago
- Al Bawaba
Gartner Says Worldwide IaaS Public Cloud Services Market Grew 22.5% in 2024
The worldwide infrastructure as a service (IaaS) market grew 22.5% in 2024, reaching $171.8 billion, according to Gartner, Inc. a business and technology insights company. Amazon retained the No. 1 position in the IaaS market in 2024, followed by Microsoft, Google, Alibaba and Take:'As enterprises continue to seek greater flexibility, improved resilience and optimized performance, there is sustained demand for cloud migration and modernization services,' said Hardeep Singh, Principal Analyst at Gartner. 'Enterprises want to transform their IT infrastructure by leveraging multiple platforms for AI and prioritizing modernization by migrating existing workloads to the cloud. They are also deploying cloud-native applications across diverse environments.' This trend is further fueled by the demand for flexibility with data residency and sovereignty, as enterprises seek to gradually transition to the cloud while keeping control over their data and operations.'Cloud providers are investing heavily in AI infrastructure and capabilities to become leaders in the rapidly evolving AI-optimized IaaS market. They expect that AI will become a much larger revenue contributor in the future, even though it currently remains a relatively small slice of their overall revenue within the IaaS space,' said Singh. 'Emerging AI-optimized IaaS offerings from nonhyperscalers, or GPU as a service (GPUaaS) providers, though still nascent, have also played a key role in addressing immediate capacity requirements by offering flexible, high-performance compute on demand.'In 2024, the top five IaaS providers accounted for 82.1% of the market. Amazon continued to lead the worldwide IaaS market with revenue of 64.8 billion and 37.7% market share, followed by Microsoft with 23.9% market share (see Table 1). Google, Alibaba Group, and Huawei maintained their respective positions clients can read more in Market Share: Enterprise Public Cloud Services, Worldwide, 2024 and Market Share Analysis: Infrastructure as a Service, Worldwide, 2024. Learn how to maximize the benefits of cloud computing in the complimentary Gartner ebook Devising an Effective Cloud Strategy.
Al Bawaba
15 hours ago
- Al Bawaba
LG to Introduce the Next Evolution in Portable TVs with the Upcoming Launch of StanbyME 2 in the Gulf Region
LG Electronics is thrilled to announce the upcoming launch of its highly anticipated portable lifestyle TV, the StanbyME 2, set to redefine how we experience entertainment at home and on the go. Building on the success of its predecessor, the StanbyME, this new iteration promises to deliver even greater versatility, innovation, and convenience for modern StanbyME 2 will officially debut this summer, offering a glimpse into the future of portable entertainment. While details about the product remain under wraps, LG invites you to imagine a device that seamlessly integrates cutting-edge technology with sleek design, making it an essential companion for work, play, and relaxation. With its innovative features and award-winning design, the StanbyME 2 represents LG's commitment to creating products that adapt to users' needs and environments—whether indoors or outdoors. Stay tuned for more updates as we approach the official launch date!To celebrate the arrival of the StanbyME 2, LG is excited to partner with Mumma Dubai Mums Club for an exclusive Try & Buy campaign from August 8 to August 24, 2025. This unique opportunity allows select participants to experience the revolutionary features of the StanbyME 2 firsthand before its official release. Whether you're looking to elevate your home entertainment setup, explore creative ways to express your personal style, or simply enjoy immersive viewing wherever life takes you, the Try & Buy campaign offers a chance to see what makes the StanbyME 2 a game-changer. Excited customers can apply for the campaign here and be sure to follow Mumma Dubai Mums Club and LG's social media channels for updates. Spots are limited, so don't miss out on this exciting opportunity!While we can't reveal all the details just yet, here's a sneak peek at what makes the StanbyME 2 stand out. Designed for ultimate flexibility, the StanbyME 2 adapts to your lifestyle. Whether you want to roll it into different rooms, detach the screen for tabletop use, or carry it outdoors, this device is built to move with you. With improved battery capacity, the StanbyME 2 ensures uninterrupted entertainment for hours, whether you're watching movies, playing games, or hosting gatherings. The StanbyME 2 also boasts an award-winning aesthetic that complements any space, allowing you to showcase your personal taste and creativity. From its intuitive touch screen to its ability to double as a mood-enhancing art display, the StanbyME 2 redefines what a TV can be. These features build on the strong foundation laid by the original StanbyME, which became a favourite among tech enthusiasts and lifestyle aficionados alike. The countdown to the StanbyME 2 launch has begun, and LG is inviting everyone to be part of the journey. Whether you're a fan of cutting-edge technology, a design enthusiast, or someone who values versatility in their devices, the StanbyME 2 is designed with you in mind. Don't forget to mark your calendars for the Try & Buy campaign with Mumma Dubai Mums Club from August 8 to August 24.
