Latest news with #DDI
New Straits Times
3 days ago
- Business
- New Straits Times
Sarawak recorded RM17.6 billion in approved investment last year
KUCHING: Sarawak recorded RM17.6 billion in approved investments across the services, manufacturing, and primary sectors last year, Deputy Premier Datuk Awang Tengah Ali Hasan said today. He said RM13.5 billion, or 76.6 per cent of the total, came from domestic direct investment (DDI), while foreign direct investment (FDI) contributed RM4.1 billion, or 23.4 per cent. "The investments, both from DDI and FDI, involved 376 projects and are expected to create over 7,800 jobs," said Awang Tengah, who is also the state International Trade, Industry and Investment Minister, in his winding-up speech in the State Legislative Assembly here today. He said investments in the services sector accounted for RM7.6 billion, or 43 per cent, closely followed by manufacturing at RM7.5 billion (42.9 per cent), while the primary sector received RM2.5 billion (14.1 per cent). Despite similar investment values, the manufacturing sector was the largest contributor to employment, generating 6,430 jobs or 81.8 per cent of total jobs created. "The manufacturing sector recorded key investments in chemical products (urea, melamine, polycrystalline silicon, and biodiesel) worth RM2.9 billion; electrical and electronic (E&E) products at RM1.2 billion; and non-metallic products (clinker, concrete, and cement) at RM800 million," he said. In the first quarter of this year, the manufacturing sector attracted RM681 million in investments across 24 projects, expected to create more than 900 jobs. Awang Tengah said 115 manufacturing and related services projects were approved last year, with over 65 per cent already successfully implemented, reflecting strong investment facilitation. He added that ongoing investments in industrial infrastructure, including industrial parks, logistics, and digital connectivity, would reinforce Sarawak's long-term growth and competitiveness, positioning it as a prime destination for investors seeking stability and strategic market access. Investor confidence, he noted, remains robust, as reflected in reinvestments totalling RM6.8 billion within the manufacturing sector, primarily in chemical and basic metal industries. "This underscores strong investor confidence in Sarawak's current business environment and affirms our growing reputation as a competitive and reliable investment destination," he said. Awang Tengah also said Sarawak's push for renewable energy, especially solar power, has garnered strong investor interest, with leading potential investors from Abu Dhabi, China, and Singapore currently conducting feasibility assessments. He added that the International Trade, Industry and Investment Ministry is actively streamlining regulatory processes, reducing bureaucracy, and improving policy transparency to enhance business efficiency. "We are adopting a whole-of-government approach to ensure a unified and strategic advancement of Sarawak's development priorities. "Concurrently, we are addressing critical gaps in the investment ecosystem, including upgrading key infrastructure and investing in talent development to better align with industry needs. "These efforts reaffirm our commitment to position Sarawak as a preferred destination for high-quality investments, now and in the years to come," he said. He added that Sarawak continues to attract investors due to its political stability, rich natural resources, strategic location, and investor-friendly policies.
Business Wire
21-05-2025
- Business
- Business Wire
ManpowerGroup Expands Partnership With Bullhorn, Deploying Automation Globally and Strengthening Foundation for Future AI Innovation
BOSTON--(BUSINESS WIRE)-- ManpowerGroup, the leading global workforce solutions company, today announced an expanded partnership with Bullhorn, the global leader in software for the staffing and recruitment industry, to implement automation across 40 new markets over the next six years. This strategic expansion supports ManpowerGroup's Diversification, Digitization, and Innovation (DDI) plan, enhancing the company's ability to connect more people to meaningful work while improving service to its 100,000 clients worldwide. "Our partnership with Bullhorn underscores our commitment to putting people first in everything we do. By embracing digital transformation, we're enhancing the human experience in recruitment and making meaningful connections that benefit both job seekers and employers," said Becky Frankiewicz, ManpowerGroup Chief Commercial Officer & Regional President, North America. "This technology allows our recruiters to spend more time understanding the unique needs of the people we serve, creating personalized experiences that lead to better matches, more fulfilling careers, and delivering on our promise to connect more people to meaningful work in an increasingly complex labor market." Automation augments human potential and productivity ManpowerGroup's implementation of Bullhorn's platform has significantly improved the candidate experience by enabling faster application responses and reducing time-to-fill positions. With over 100 automated workflows deployed across the recruitment process, these technologies empower recruiters to focus on building relationships while reducing administrative tasks, creating a more engaging and efficient journey for job seekers. The strategic implementation of Bullhorn VMS Sync has fully automated vendor management system job entry in key markets including North America, the United Kingdom, France, and Australia. This creates a centralized hub that allows recruiters to focus on mentoring and guiding candidates through successful career journeys. From local success to global implementation, Bullhorn standardizes front-office operations Building on successful deployments supporting 14,000 recruiters across 32 countries, ManpowerGroup will implement the Bullhorn Platform in additional markets over the next six years. Following ManpowerGroup's technology strategy to "buy the best and build to differentiate," this partnership leverages Bullhorn's industry-leading platform while enabling proprietary solutions that deliver personalized workforce solutions. The flexibility of the Bullhorn Platform has empowered ManpowerGroup to continue to innovate while gaining operational efficiency and productivity in more markets. The platform's open API lets customers integrate technology and build custom applications as needed. This open architecture allows ManpowerGroup to develop custom AI capabilities to further enhance client delivery and improve the candidate experience in the years ahead. "ManpowerGroup puts hundreds of thousands of candidates to work around the world every day, so delivering a world-class experience to their talent and clients is key," said Art Papas, Bullhorn CEO and Founder. "We are excited to partner with ManpowerGroup to implement solutions that help them provide this level of service with speed and agility." About ManpowerGroup ManpowerGroup ® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2025 ManpowerGroup was named one of the World's Most Ethical Companies for the 16th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit or follow us on LinkedIn, Facebook, and Bluesky. About Bullhorn For the past 25 years, Bullhorn has dedicated itself to building industry-leading, cloud-based software for the staffing and recruitment industry. Through partnerships with 10,000 customers globally, Bullhorn has built a vast knowledge base of recruitment best practices and deep domain expertise to help firms scale their businesses. Founder-led and headquartered in Boston, Bullhorn employs 1,400 people across 14 countries focused on delivering an incredible customer experience – its core mission. To learn more, visit or follow Bullhorn on LinkedIn or X.
Yahoo
21-05-2025
- Business
- Yahoo
ManpowerGroup Expands Partnership With Bullhorn, Deploying Automation Globally and Strengthening Foundation for Future AI Innovation
Bullhorn standardizes operations for ManpowerGroup, reduces time to fill, and further enhances candidate experience across 40 new markets BOSTON, May 21, 2025--(BUSINESS WIRE)--ManpowerGroup, the leading global workforce solutions company, today announced an expanded partnership with Bullhorn, the global leader in software for the staffing and recruitment industry, to implement automation across 40 new markets over the next six years. This strategic expansion supports ManpowerGroup's Diversification, Digitization, and Innovation (DDI) plan, enhancing the company's ability to connect more people to meaningful work while improving service to its 100,000 clients worldwide. "Our partnership with Bullhorn underscores our commitment to putting people first in everything we do. By embracing digital transformation, we're enhancing the human experience in recruitment and making meaningful connections that benefit both job seekers and employers," said Becky Frankiewicz, ManpowerGroup Chief Commercial Officer & Regional President, North America. "This technology allows our recruiters to spend more time understanding the unique needs of the people we serve, creating personalized experiences that lead to better matches, more fulfilling careers, and delivering on our promise to connect more people to meaningful work in an increasingly complex labor market." Automation augments human potential and productivity ManpowerGroup's implementation of Bullhorn's platform has significantly improved the candidate experience by enabling faster application responses and reducing time-to-fill positions. With over 100 automated workflows deployed across the recruitment process, these technologies empower recruiters to focus on building relationships while reducing administrative tasks, creating a more engaging and efficient journey for job seekers. The strategic implementation of Bullhorn VMS Sync has fully automated vendor management system job entry in key markets including North America, the United Kingdom, France, and Australia. This creates a centralized hub that allows recruiters to focus on mentoring and guiding candidates through successful career journeys. From local success to global implementation, Bullhorn standardizes front-office operations Building on successful deployments supporting 14,000 recruiters across 32 countries, ManpowerGroup will implement the Bullhorn Platform in additional markets over the next six years. Following ManpowerGroup's technology strategy to "buy the best and build to differentiate," this partnership leverages Bullhorn's industry-leading platform while enabling proprietary solutions that deliver personalized workforce solutions. The flexibility of the Bullhorn Platform has empowered ManpowerGroup to continue to innovate while gaining operational efficiency and productivity in more markets. The platform's open API lets customers integrate technology and build custom applications as needed. This open architecture allows ManpowerGroup to develop custom AI capabilities to further enhance client delivery and improve the candidate experience in the years ahead. "ManpowerGroup puts hundreds of thousands of candidates to work around the world every day, so delivering a world-class experience to their talent and clients is key," said Art Papas, Bullhorn CEO and Founder. "We are excited to partner with ManpowerGroup to implement solutions that help them provide this level of service with speed and agility." About ManpowerGroup ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2025 ManpowerGroup was named one of the World's Most Ethical Companies for the 16th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit or follow us on LinkedIn, Facebook, and Bluesky. About Bullhorn For the past 25 years, Bullhorn has dedicated itself to building industry-leading, cloud-based software for the staffing and recruitment industry. Through partnerships with 10,000 customers globally, Bullhorn has built a vast knowledge base of recruitment best practices and deep domain expertise to help firms scale their businesses. Founder-led and headquartered in Boston, Bullhorn employs 1,400 people across 14 countries focused on delivering an incredible customer experience – its core mission. To learn more, visit or follow Bullhorn on LinkedIn or X. View source version on Contacts Media: Kara ProneDirector, Global Content and CommunicationsBullhornmedia@ John JulitzGlobal Public Relations ManagerManpowerGroup+1 (414) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
DoubleDown Q1 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y
DoubleDown Interactive Co., Ltd. DDI first-quarter 2025 earnings and revenues missed their respective Zacks Consensus Estimate. Following the results, the company's shares declined nearly 2% in the after-hours trading session company's results were hurt by dismal social casino/free-to-play games revenues. The company reported earnings per share (EPS) of 48 cents, which missed the Zacks Consensus Estimate of 55 cents by 12.7%. In the prior-year quarter, it reported an EPS of 61 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Revenues of $83.5 million also missed the consensus mark of $84 million. The top line declined 5.2% on a year-over-year basis. SuprNation iGaming operations contributed $13.2 million (up 59% year over year) to the quarter's revenues. However, revenues from the social casino/free-to-play games were $70.3 million in the quarter, down 12% year over revenue per daily active user (ARPDAU) for the company's social casino/free-to-play games increased to $1.29 from $1.26 reported a year ago. The average monthly revenue per payer for the social casino/free-to-play games decreased 1.8% year over year to $276. DoubleDown Interactive Co., Ltd. Sponsored ADR price-consensus-eps-surprise-chart | DoubleDown Interactive Co., Ltd. Sponsored ADR Quote Adjusted EBITDA decreased to $30.8 million from $32.7 million reported in the year-ago quarter. Adjusted EBITDA margin contracted 20 basis points to 36.9% year over operating expenses decreased year over year to $53.9 million from $57 million. This decline was primarily due to a decrease in cost of revenues resulting from lower revenues and reduced research and development expenses, partially offset by an increase in general and administrative expenses. As of March 31, 2025, DoubleDown had cash and cash equivalents of $365.7 million compared with $334.9 million as of Dec. 31, the end of the first quarter, net cash from operating activities was $41.1 million compared with $35.7 million in the year-ago period. DoubleDown currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Norwegian Cruise Line Holdings Ltd. NCLH reported first-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both top and bottom lines decreased on a year-over-year in the quarter were hurt by a 2% decline in Capacity Days, stemming from a higher number of Berths out of service due to larger ships undergoing dry-dock, as well as a strategic move to reduce passenger air participation rates. For 2025, Norwegian Cruise anticipates occupancy to be approximately 102.5% compared with the prior guidance of 103.4% and Capacity Days to be about 24.545 Resorts International MGM reported first-quarter 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines declined from the prior-year quarter's remains optimistic about the outlook for the rest of 2025, supported by strong forward bookings and expectations for record hotel performance in April on the Las Vegas Strip. MGM Resorts stated progress on the $200 million EBITDA enhancement plan and expects more than $150 million to be realized in Entertainment, Inc. CZR reported mixed first-quarter 2025 results, with earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Nonetheless, both top and bottom lines improved on a year-over-year Entertainment's first-quarter performance was driven by record results in the Digital segment. Growth in the regional segment, supported by recently opened properties, and solid performance in Las Vegas, despite a tough comparison to last year's Super Bowl period, also aided the quarter's performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MGM Resorts International (MGM) : Free Stock Analysis Report Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
DoubleDown Interactive Co Ltd (DDI) Q1 2025 Earnings Call Highlights: Strong iGaming Growth ...
Revenue: $83.5 million for Q1 2025. Social Casino Revenue: $70.3 million, a 12% decline year-over-year. iGaming Revenue (SuperNation): $13.2 million, a 59% increase year-over-year. Adjusted EBITDA: $30.8 million with a margin of 36.9%. Cash Flow from Operations: $41.1 million, up from $35.7 million in Q1 2024. Operating Expenses: $53.9 million, down from $67.0 million in Q1 2024. Sales and Marketing Expenses: $14.3 million, compared to $15.1 million in Q1 2024. Profit Excluding Noncontrolling Interest: $23.9 million or $0.48 per ADS. Cash, Cash Equivalents, and Short-term Investments: $455.7 million as of March 31, 2025. ARPDAU (Average Revenue Per Daily Active User): Increased to $1.29 from $1.26 in Q1 2024. Payer Conversion Rate: Increased to 6.9% from 6.4% in Q1 2024. Average Monthly Revenue Per Payer: $276, slightly down from $281 in Q1 2024. Warning! GuruFocus has detected 1 Warning Sign with DDI. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. DoubleDown Interactive Co Ltd (NASDAQ:DDI) reported consolidated revenue of $83.5 million and adjusted EBITDA of $30.8 million for Q1 2025, indicating strong financial performance. Cash flow from operations increased to $41.1 million, up more than $5 million from Q1 2024, showcasing effective revenue to cash flow conversion. SuperNation, DDI's iGaming business, achieved its highest quarterly revenue of $13.2 million since acquisition, driven by successful player acquisition in the UK and Sweden. The company maintained strong monetization metrics in its social casino business, with ARPDAU and payer conversion rates increasing compared to Q1 2024. DDI has a robust balance sheet with $455.7 million in cash, cash equivalents, and short-term investments, providing financial stability and flexibility for future growth opportunities. Revenue from the social casino business declined by 12% year-over-year, reflecting challenges in maintaining growth in this segment. Average monthly revenue per payer in the social casino segment decreased slightly from $281 to $276 year-over-year. The company decided not to proceed with the commercial launch of a new match-three-style game after extensive testing, indicating challenges in new game development. User acquisition costs for the social casino segment have increased, partly due to competition from sweepstakes game publishers. Despite strong growth in SuperNation, the iGaming business is still slightly below EBITDA breakeven, indicating ongoing challenges in achieving profitability at scale. Q: Can you discuss the trends you're seeing in SuperNation's markets and any major sporting events that might impact customer acquisition? A: The quick ROI from new player investments has been positive, allowing us to scale marketing efforts, particularly in Sweden and the UK. Our revenue is primarily from slots, so major sporting events don't significantly impact us. The focus is on player engagement with slot games. - Joseph Sigrist, CFO Q: Has anything changed in terms of M&A opportunities or focus, especially with your experience growing SuperNation? A: The flow of opportunities continues, including both mobile gaming and iGaming. We've seen interest in iGaming opportunities, and as our name becomes more recognized, we expect more opportunities. We're also exploring casual games opportunities. - Joseph Sigrist, CFO Q: Do you expect SuperNation's business to grow throughout the year from the current base, and will the elevated level of sales and marketing persist? A: We are excited about the returns from new player investments and expect to continue investing at or above current levels, anticipating revenue growth from these efforts. - Joseph Sigrist, CFO Q: What are your expectations for the social casino business, given the tough comps and industry forecasts? A: The first half of the year presents the toughest comps, particularly Q1. While growth will be challenging, the comps get easier in the second half, and we expect better performance in Q3 and Q4. - Joseph Sigrist, CFO Q: Can you discuss the decision not to move forward with the commercial launch of the new game and your approach to new developments? A: We have several new game concepts in development, focusing on AI-assisted tools for better iteration. We take a disciplined approach, ensuring new titles meet our engagement and monetization thresholds. Our goal is to launch profitable games, not just any games. - In Keuk Kim, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
