Latest news with #GlobalBusinessSolutions
Yahoo
23-05-2025
- Business
- Yahoo
Intuit (INTU) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended April 2025, Intuit (INTU) reported revenue of $7.75 billion, up 15.1% over the same period last year. EPS came in at $11.65, compared to $9.88 in the year-ago quarter. The reported revenue represents a surprise of +2.78% over the Zacks Consensus Estimate of $7.54 billion. With the consensus EPS estimate being $10.89, the EPS surprise was +6.98%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Intuit performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net revenue- Consumer: $4.05 billion compared to the $3.97 billion average estimate based on seven analysts. The reported number represents a change of +10.8% year over year. Net revenue- Global Business Solutions: $2.85 billion versus $2.86 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change. Net revenue- Credit Karma: $579 million versus the six-analyst average estimate of $430.66 million. The reported number represents a year-over-year change of +30.7%. Net revenue- ProTax: $278 million versus the six-analyst average estimate of $273.84 million. The reported number represents a year-over-year change of +9.5%. Net revenue- Global Business Solutions- Total Online Ecosystem: $2.10 billion compared to the $2.14 billion average estimate based on six analysts. The reported number represents a change of +19.9% year over year. Net revenue- Global Business Solutions Total Desktop Ecosystem: $746 million versus $723.63 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +17.9% change. Net revenue- Global Business Solutions Online Ecosystem- QuickBooks Online Accounting: $1.04 billion compared to the $1.06 billion average estimate based on five analysts. The reported number represents a change of +21.4% year over year. Net revenue- Global Business Solutions- Desktop Ecosystem- Desktop Services and Supplies: $304 million versus the four-analyst average estimate of $309.72 million. The reported number represents a year-over-year change of +2.7%. Net revenue- Global Business Solutions- Online Ecosystem- Online Services: $1.06 billion compared to the $1.08 billion average estimate based on four analysts. The reported number represents a change of +18.5% year over year. Net revenue- Global Business Solutions- Desktop Ecosystem- QuickBooks Desktop Accounting: $442 million versus the four-analyst average estimate of $411.32 million. The reported number represents a year-over-year change of +31.2%. Net revenue- Service: $6.97 billion compared to the $6.67 billion average estimate based on four analysts. The reported number represents a change of +15.3% year over year. Net revenue- Product and other: $783 million compared to the $770.35 million average estimate based on four analysts. The reported number represents a change of +13.6% year over year. View all Key Company Metrics for Intuit here>>>Shares of Intuit have returned +10.7% over the past month versus the Zacks S&P 500 composite's +13.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. 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 Intuit Inc. (INTU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Zawya
17-04-2025
- Business
- Zawya
South Africa: Are local businesses ready for the new Employment Equity Regulations?
South African businesses are facing a pivotal moment following the publication of the final Employment Equity Targets, Regulations, and Administrative Requirements by the Department of Employment and Labour. These new regulations require designated employers to meet specific equity targets across all occupational levels by 2030, with strict penalties for non-compliance. The regulations, which introduce clear boundaries to monitor progress in achieving equitable representation of designated persons, are expected to have a significant impact on South African businesses. However, many industry stakeholders have raised concerns that the targets are unattainable, citing the current economic climate and South Africa's low-growth economy as barriers to their achievement. A critical moment for transformation agendas For the first time, designated employers will be required to comply with mandatory employment equity targets. These targets are intended to ensure that the workforce is more reflective of the country's economically active population, yet many businesses view them as overly ambitious. Despite several rounds of consultation, the Department has remained firm on the targets, with little modification since their initial proposal. Jonathan Goldberg, chairman of Global Business Solutions, stated, 'The new regulations create both significant challenges and opportunities for South African businesses. While many will find these targets difficult to achieve, those who strategically align their practices with these requirements can emerge as leaders in transformation.' The penalties for non-compliance are severe, with fines of up to R1.5m or 2% of annual turnover, adding to the pressure on businesses already grappling with multiple regulatory demands. Over 200 employers have already been referred to the Labour Court for failing to comply with existing regulations. Strategic response and the need for innovation Despite the concerns surrounding the achievability of the targets, the government maintains that these measures are necessary for achieving a more inclusive workforce. However, many employers question whether the balance between ambitious goals and practical implementation has been struck. 'The regulations present a complex challenge for many sectors, especially those that are already facing economic headwinds,' said Thembi Chagonda, joint-CEO of Global Business Solutions and an Employment Equity Commissioner. 'However, those businesses that embrace these changes head-on and innovate their approach to compliance will find themselves better positioned for the future.' John Botha, joint-CEO of Global Business Solutions, added, "The time for preparation is now. Businesses that develop innovative compliance strategies will not only mitigate the risk of penalties but may also gain a competitive advantage as the regulatory landscape evolves. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Zawya
26-03-2025
- Business
- Zawya
TikTok's ad chief Blake Chandlee to step down
Blake Chandlee, TikTok's President of Global Business Solutions overseeing advertising sales and marketing, will step down next month amid a company reorganisation. This restructuring merges TikTok's ads and marketing unit with its global monetisation product technology team, led by Will Liu. Chandlee will transition to an advisory role. This leadership change comes as TikTok faces a looming deadline of 5 April, by which it must divest its US operations or face a ban. The US government has expressed concerns over data privacy and national security due to TikTok's Chinese ownership. Several Democratic senators have urged President Trump to work with Congress to extend the deadline, emphasizing the need for a lawful and effective resolution. As the deadline approaches, the future of TikTok in the US remains uncertain, with potential outcomes including a sale to a US-based entity, a ban, or further extensions. Analysts predict that President Trump may issue another extension to finalise a deal, potentially involving Oracle Corp. managing TikTok's American operations.
Zawya
30-01-2025
- Business
- Zawya
TikTok shares 2025 trends every marketer needs to know about
According to the report, 2 out of 3 TikTok users like when brands partner with a variety of creators; 81% of users say TikTok has introduced them to new topics and trends they didn't know they liked, building a globally connected, engaged community. Riyadh, Saudi Arabia: To equip marketers with deep insights into TikTok's community's evolving wants and needs, the platform issued its annual trend forecast - What's Next 2025 Trend Report. It shows that in 2025, the TikTok community will unite to create unique, transformative, and year-defining content, reshaping how the industry thinks about 'marketing' and the future of business growth—a movement called Brand Chem. The old playbook of brands telling consumers what they need is over. This new era calls for brands to join forces with creators and communities, working hand-in-hand to build content that resonates, drives impact, and ultimately redefines cultural relevance. "In 2024, we saw brands push creative limits, lean into trends, and connect with their communities in powerful ways, but 2025 is set to take it even further,' said Shadi Kandil, General Manager, Global Business Solutions, Middle East, Turkey, Africa, Central and South Asia - TikTok. 'The creative storytelling opportunities on TikTok are endless, and this year brands and creators will come together to continue shaping culture, sparking fresh ideas, and accelerating business growth by tapping directly into what matters to the TikTok community." You can view the full 'What's Next' report here. This report focuses on the most impactful and sustainable trends, referred to as Trend Signals. The three key groups of Trend Signals: Brand Fusion Identity Osmosis Creative Catalysts Brand Fusion A dynamic state where a brand gains renewed vigor, becoming more responsive and ready to build lasting bonds. TikTok has become a go-to platform for trusted insights. Brands are discovering the value of collaborating with diverse creators, from low-key reviewers to dynamic personalities all thanks to TikTok's Creator Marketplace. Instead of relying on a single creator, brands can now connect with their community at scale, reaching unique audiences and enabling authentic storytelling (1). In fact, 2 out of 3 TikTok users like when brands partner with a variety of creators. Adding custom codes and exclusive offers further amplifies this reach, allowing brands to create personalized connections while driving business results. It's not just about working with a variety of creators, but also ensuring brands allow those creators to show up authentically through their content. In the region, Decathlon had successfully joined TikTok Creator Marketplace, allowing the brand to easily connect and collaborate with exercise enthusiasts on the platform. Through these collaborations, Decathlon authentically tapped into engaged communities, boosting their reach and building product awareness with sports lovers across UAE, Kuwait, and Qatar. Alongside the Creator Marketplace, the brand boosted its content on Spark Ads, driving further reach with content that felt authentic. With this, they achieved higher engagement with a lower cost, receiving a 71% increase in view-through rates, demonstrating the impact of selecting the right creators for relevant, genuine content. Going beyond authentic content to building genuine rapport, brands must meet their communities where they are and share varied and unfiltered content such as street interviews, behind-the-scenes moments, or thoughtful insights. By doing so, brands can foster trust and community while encouraging audience engagement (2). 40% of TikTok users find brands that showcase personality more relevant, while 45% of social and video platform users feel brand relevance comes from feeling understood — emphasizing the importance of consistent, supportive, and joyful content. Through TikTok's Creative Exchange, brands can strategically partner with creative experts across specialized niches, making their connections with audiences even more meaningful. Identity Osmosis Brands are organically integrating evolving consumer values, allowing these shifting ideals to reshape their identity. TikTok communities are redefining representation by embracing diverse, authentic perspectives and celebrating niche viewpoints. By adapting to new trends and leaning into authentic perspectives, brands can connect on a deeper level with their communities, expanding reach and value (3). This open, empathetic exchange between brands, creators, and community is supported by features like TikTok Symphony Dubbing, which enables global brand communication in native languages, enhancing accessibility and emotional resonance. 81% of users say TikTok has introduced them to new topics and trends they didn't know they liked, building a globally connected, engaged community. The Michael Kors back-to-school campaign targeted students in Saudi Arabia, UAE, and Kuwait, leveraging the TikTok Creator Marketplace to partner with local creators within travel, beauty, and lifestyle verticals. Creators personalized their content to showcase the products, emphasizing their versatility for students and teachers. A standout collaboration with @yaraaziz, 2024's Creator of the Year, who engaged her 4.9 million followers with an interactive video helped the campaign achieve more than 58 million impressions and 8.3 million in reach. TikTok is transforming conversations about life stages and identity. It's changed the ideals around Girlhood from a once-narrow concept into a space of diverse narratives where women embrace TikTok's femininomenon and listen to each other's first-hand experiences. From affordable dupes to unboxing hauls, TikTok fosters a digital sisterhood in which 72% of women on TikTok feel it's easy to connect and bond with new communities around shared life experiences on the platform. (5) This evolution is prompting brands to reconsider their messaging and enshrine female inclusivity, in part by leveraging amplifier communities like #WomeninSTEM, uniting women from tech sciences, on TikTok. Other deeply personal topics that have been transformed by conversations on TikTok are personal finance and well-being. TikTok is redefining traditional milestones amid an era of economic change, spurring the community to be more interested in financial literacy. Conversations around student debt, mental health, and personal happiness reflect a shift toward valuing authentic, relatable experiences, with 50% of users on social/video platforms seeking content that mirrors their lives. (6) And brands can engage in those conversations, providing users with valuable advice. Creative Catalysts Untapped tools for marketers to ideate, build, learn, and take more exciting creative risks than ever before. AI is becoming a source of excitement on TikTok, where users and brands explore its potential in everyday tasks like styling outfits, visualizing renovations, or writing scripts with Symphony Assistant. This playful, creative approach turns AI from a sci-fi concept into a practical, engaging tool for daily life, sparking curiosity and creativity. TikTok users are 1.4x more likely than users on other platforms to look forward to Generative AI in ads (7), highlighting this growing enthusiasm. With Symphony Assistant, brands can leverage real-time data on trending content and transform it into creative, ready-to-film concepts, making AI an integral part of TikTok's vibrant, discovery-driven community. As content demand rises, brands are shifting from short-lived marketing assets to multifaceted storytelling strategies. Formats such as Image Ads allow brands to quickly hop into trends and tell new stories by shaking up the format. This approach aligns with TikTok's user base, where 76% of TikTok users enjoy seeing a mix of images and video (8), enabling brands to maintain relevance and continuously engage audiences. Real-time feedback in TikTok's comment sections further enhances this strategy, allowing brands to innovate alongside consumers—with 68% of users saying brands should leverage comments to better understand their audience. (9) A note on What's Next Methodology This report is heavily supported by data from the Global TikTok Marketing Science team gathered across multiple third-party commissioned research studies utilizing mixed methods approaches often including quantitative online surveys, exposure to stimuli in a mock TikTok environment, and/or advanced analytics. In this report, we've focused on studies from 2022 - 2024, which are most relevant and innovative, and speak to the larger trend forces at play in 2025. TikTok Marketing Science References TikTok Marketing Science North America Value in Variety Study [US, CA] 2023, conducted by Alter Agents TikTok Marketing Science, Business Impact Through Relevance, US, UK, AU, conducted by WARC, August 2024 TikTok Marketing Science, Business Impact Through Relevance, US, UK, AU, conducted by WARC, August 2024 TikTok Marketing Science, Business Impact Through Relevance, US, UK, AU, conducted by WARC, August 2024. TikTok Marketing Science Global Diversity on TikTok 2022 conducted by Flamingo Group TikTok Marketing Science, Business Impact Through Relevance, US, UK, AU, conducted by WARC, August 2024 TikTok Marketing Science Global Gen AI Consumer Perceptions and Usage Survey [US, UK, ID] via AYTM, April 2024 Base: TikTok and non-TikTok, 18+ users (n = 1,495) TikTok Marketing Science Global Carousel Images on TikTok Survey via AYTM, August 2024. Base: TikTok users 18+ [Q9] (n = 2100) TikTok Marketing Science Global TikTok Comment Section via AYTM [US,UK,CA] April 2024
