Latest news with #RohitAggarwal
Yahoo
13-05-2025
- Business
- Yahoo
GCI Collaborates With Netcracker for Modernized BSS/OSS to Enhance Customer Experience, Improve Business Agility and Enable New Business Models
Leading Telecommunications Operator in Alaska Will Benefit From Continued Partnership Using Industry-Leading BSS/OSS Platform WALTHAM, Mass., May 13, 2025--(BUSINESS WIRE)--Netcracker Technology announced today that GCI, Alaska's largest communications provider, has extended its partnership with Netcracker to improve the operator's customer, revenue and operations management systems. These capabilities will deliver a superior customer experience, reduce operational costs through managed services and bring services to market more quickly through an automated and streamlined fulfillment and provisioning process. Netcracker will also provide a variety of hosted managed services covering mission-critical BSS/OSS processes to accelerate GCI's business objectives. The operator will continue to benefit from faster issue resolution, improved order processing time and significantly lower platform costs. "The Netcracker partnership has been at the heart of the system and business transformation that was started nine years ago with the Polaris Program," said Sean Lambert, VP of Application Technology at GCI. "Extending our partnership with Netcracker will enable GCI to focus on critical market drivers to address our customer needs for many years to come." "We are delighted to continue our journey with GCI as it undertakes this critical step to boost its business efficiency and deliver more value to customers," said Rohit Aggarwal, GM at Netcracker. "Our state-of-the-art BSS and OSS solutions are a game changer, and we are excited to validate GCI's ability to enable critical digital transformations." About Netcracker Technology Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture and resources to help service providers around the world transform their businesses to thrive in the digital economy. Our innovative solutions, value-driven services and unbroken delivery track record have enabled our customers to grow and succeed for more than three decades. With the latest technological advancements in key areas including 5G monetization, AI, automation and vertical industries, we help service providers to reach their transformation goals, advance their telco to techco evolution and realize business growth and profitability. To learn more, visit About GCI Headquartered in Alaska, GCI provides data, mobile, video, voice and managed services to consumer, business, government, and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Learn more about GCI at GCI is a wholly owned subsidiary of Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP). Learn more about Liberty Broadband at View source version on Contacts Media Contact Anita KarvéNetcracker TechnologyMediaGroup@ 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
Business Wire
13-05-2025
- Business
- Business Wire
GCI Collaborates With Netcracker for Modernized BSS/OSS to Enhance Customer Experience, Improve Business Agility and Enable New Business Models
WALTHAM, Mass.--(BUSINESS WIRE)-- Netcracker Technology announced today that GCI, Alaska's largest communications provider, has extended its partnership with Netcracker to improve the operator's customer, revenue and operations management systems. These capabilities will deliver a superior customer experience, reduce operational costs through managed services and bring services to market more quickly through an automated and streamlined fulfillment and provisioning process. Netcracker will also provide a variety of hosted managed services covering mission-critical BSS/OSS processes to accelerate GCI's business objectives. The operator will continue to benefit from faster issue resolution, improved order processing time and significantly lower platform costs. 'The Netcracker partnership has been at the heart of the system and business transformation that was started nine years ago with the Polaris Program,' said Sean Lambert, VP of Application Technology at GCI. 'Extending our partnership with Netcracker will enable GCI to focus on critical market drivers to address our customer needs for many years to come.' 'We are delighted to continue our journey with GCI as it undertakes this critical step to boost its business efficiency and deliver more value to customers,' said Rohit Aggarwal, GM at Netcracker. 'Our state-of-the-art BSS and OSS solutions are a game changer, and we are excited to validate GCI's ability to enable critical digital transformations.' About Netcracker Technology Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture and resources to help service providers around the world transform their businesses to thrive in the digital economy. Our innovative solutions, value-driven services and unbroken delivery track record have enabled our customers to grow and succeed for more than three decades. With the latest technological advancements in key areas including 5G monetization, AI, automation and vertical industries, we help service providers to reach their transformation goals, advance their telco to techco evolution and realize business growth and profitability. To learn more, visit About GCI Headquartered in Alaska, GCI provides data, mobile, video, voice and managed services to consumer, business, government, and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Learn more about GCI at GCI is a wholly owned subsidiary of Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP). Learn more about Liberty Broadband at
Fibre2Fashion
09-05-2025
- Business
- Fibre2Fashion
Lenzing posts strong Q1 gains despite market headwinds
The Lenzing Group, a leading supplier of regenerated cellulosic fibers for the textile and nonwovens industries, reports a continued improvement in its business performance in the first quarter of 2025, although the recovery of global textile markets remained very slow and uneven during the reporting period. While the positive trend in volumes sold continued, prices remained constant at a low level. Raw material, energy and logistics costs continued to be high. Lenzing Group saw strong Q1 2025 gains with revenue up 4.8 per cent to €690.2 million (~$773.0 million) and EBITDA doubling to €156.1 million (~$174.8 million), aided by performance program benefits and special effects. Despite sluggish textile market recovery and high costs, net profit hit €31.7 million (~$35.5 million). The group maintains its 2025 EBITDA growth outlook. Revenue grew by 4.8 percent year-on-year to EUR 690.2mn (~$773.0 million) in the first quarter of 2025. The operating earnings trend largely reflected the positive effects of the performance program. Earnings before interest, tax, depreciation and amortization (EBITDA) rose by 118.8 percent year-on-year to EUR 156.1 mn (~$174.8 million). This also includes positive special effects from the sale of EUR 25.5 mn surplus EU emission certificates and the change in the fair value of biological assets in the amount of EUR 9.2 mn. The EBITDA margin in-creased from 10.8 percent to 22.6 percent. The operating result (EBIT) amounted to EUR 74.3 mn (compared with EUR 1.5 mn in the first quarter of 2024) and the EBIT margin amounted to 10.8 percent (compared with 0.2 percent in the first quarter of 2024). Earnings before tax (EBT) amounted to EUR 35.1 mn (compared with minus EUR 17.8 mn in the first quarter of 2024). The result after tax also improved significantly and was positive again for the first time since the third quarter of 2022 at EUR 31.7 mn (compared with minus EUR 26.9 mn in the first quarter of 2024). 'The Lenzing Group continued on its recovery track in the first quarter of 2025 and achieved significant revenue and earnings growth thanks to our performance program,' notes Rohit Aggarwal, Lenzing Group CEO. 'Uncertainty in the markets and – as a consequence – limited earnings visibility have been further exacerbated by an increasingly aggressive tariffs policy. For this reason, we will not ease up on resolutely implementing the measures we have initiated, in order to complete our turnaround and further strengthen our position as a leading integrated fiber company.' The Lenzing Group's performance program is designed holistically with the overarching objective of significantly increasing long-term resilience to crises and greater agility in the face of market changes. The program initiatives are primarily aimed at improving EBITDA and at generating free cash flow through enhanced profitability, as well as sustainable cost excellence. Extensive actions are being undertaken to strengthen sales activities, such as the acquisition of new customers for the most important fiber types as well as expansion in previously smaller markets, which are exerting a positive impact in terms of revenue. The Managing Board also anticipates significant cost savings. Savings of over EUR 130 mn were already realized in the 2024 financial year. From the current financial year onwards, Lenzing is aiming for recurring annual cost savings of over EUR 180 mn. Cash flow from operating activities amounted to EUR 47.1 mn in the first quarter of 2025 (compared with EUR 120.7 mn in the first quarter of 2024). Cash flow from investing activities amounted to minus EUR 36.1 mn (compared with minus EUR 32.8 mn in the first quarter of 2024). Free cash flow was also positive at EUR 14.5 mn (compared with EUR 87.3 mn in the first quarter of 2024). Cash flow from financing activities amounted to minus EUR 19 mn (compared with EUR 11.1 mn in the first quarter of 2024). Liquid assets (including liquid bills of exchange) decreased slightly by 2.6 percent compared to December 31, 2024, to a level of EUR 439.9 mn as of March 31, 2025. Capital expenditure on intangible assets, property, plant and equipment and biological assets (CAPEX) amounted to EUR 32.7 mn in the first quarter of 2025 (compared with EUR 33.4 mn in the first quarter of 2024), reflecting the ongoing reduction in investment activities. In 2024, Lenzing focused clearly on maintenance and license-to-operate projects as part of its performance program, following significant investments in previous years. Outlook The IMF has significantly downgraded its growth forecasts for both this year and next to 2.8 percent and 3.0 percent respectively. The escalation of international trade conflicts and the risk of inflation returning are seen as major threats to global growth. In times of uncertainty and high living costs, consumers can be expected to remain cautious and thrifty, with negative effects on consumer sentiment and their willingness to spend. The currency environment is expected to remain volatile in regions relevant to Lenzing. In the trend-setting market for cotton, analysts expect a slight increase in stocks to around 18.8 mn tonnes in the current 2024/2025 harvest season, according to preliminary estimates. Lenzing will continue to consistently implement its performance program and expects to leverage further cost potentials and further improve its revenue and margin generation. Having weighed the aforementioned factors, the Lenzing Group confirms its guidance for the 2025 financial year of year-on-year higher EBITDA. However, the current tariff dispute and the high level of uncertainty associated with it are dampening expectations and further limiting the visibility of earnings. In structural terms, Lenzing continues to expect growth in demand for environmentally responsible fibers for the textile and apparel industry, as well as for the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its strategy and is driving ahead with not only profitable growth in specialty fibers but also the further expansion of its market leadership in the sustainability area. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Fashion United
08-05-2025
- Business
- Fashion United
Lenzing back in the black in first quarter
Austrian fibre manufacturer Lenzing AG started fiscal year 2025 with increased sales, despite difficult market conditions. The company also benefited in the first quarter from the effects of its extensive cost-cutting measures and was able to return to profitability. According to a statement released on Thursday, group sales for the period from January to March amounted to 690.2 million euros, an increase of 4.8 percent compared to the same quarter last year. Cost-cutting measures and positive special effects boost results At the same time, the company was able to significantly improve its profitability. Earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to 156.1 million euros, compared to 71.4 million euros in the same period last year. 'The operating result was mainly characterised by the positive effects of the performance programme,' the company explained. In addition, 'positive special effects from the sale of surplus EU emission certificates amounting to 25.5 million euros and the change in the fair value of biological assets amounting to 9.2 million euros' were recorded. Ultimately, there was a net profit of 31.7 million euros, after the group had to accept a loss of 26.9 million euros in the first quarter of the previous year. The company explained that the result after taxes was therefore 'in positive territory for the first time since the third quarter of 2022'. 'Increasingly aggressive tariff policy': CEO Rohit Aggarwal warns of rising uncertainties 'The Lenzing Group continued its recovery course in the first quarter of 2025 and achieved significant increases in sales and earnings thanks to our performance programme,' emphasised chief executive officer Rohit Aggarwal in a statement. At the same time, he also referred to the difficult underlying conditions. 'The uncertainty of the markets and thus also the limited visibility of earnings have been further exacerbated by an increasingly aggressive tariff policy,' Aggarwal explained. 'We will therefore not let up and will resolutely implement the measures we have initiated in order to fully complete the turnaround and further strengthen our position as a leading integrated fibre company.' Despite the current uncertainties, the group confirmed its earnings forecast for the current year. It, therefore, continues to expect 'higher EBITDA compared to the previous year'. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Business Wire
29-04-2025
- Business
- Business Wire
DecisionNext and Kilcoy Global Foods Renew and Expand Strategic Partnership in Multi-Year Agreement
SAN FRANCISCO--(BUSINESS WIRE)-- DecisionNext, the leading AI platform that enables companies to optimize the buying or selling of commodities at the best possible time and price, today announced that it has expanded its strategic partnership with major Australian agriculture customer, Kilcoy Global Foods. This new multi-year agreement represents another significant milestone for DecisionNext and reinforces its leadership in AI-driven forecasting and price optimization for global food companies. 'Renewing our partnership with DecisionNext is a strategic move that reinforces Kilcoy's commitment to leading through innovation," said Jiah Falcke, Kilcoy Global Foods President. Share By combining machine learning with human expertise, the DecisionNext platform empowers Kilcoy to make faster, more confident decisions in complex, commodity-influenced markets. This renewal validates the long-term business value the platform delivers and reinforces Kilcoy's commitment to innovation and data-driven decision making. "Renewing our partnership with DecisionNext is a strategic move that reinforces Kilcoy's commitment to leading through innovation. Their platform gives us powerful, real-time insights that sharpen our decision-making and keep us agile in a volatile market,' said Jiah Falcke, Kilcoy Global Foods President. "As we expand globally, DecisionNext is a key part of how we stay competitive and ahead of the curve.' This phase of the partnership is focused on embedding AI into more corners of Kilcoy's global business – not just as a forecasting tool, but as a decision-making framework that supports long-term growth and operational excellence across the organization. "This expanded partnership with Kilcoy is a strong endorsement of the impact DecisionNext is making across the global protein industry. We're not just delivering forecasts – we're transforming the way businesses make critical decisions," said Rohit Aggarwal, DecisionNext COO. "By combining AI with human expertise, we're helping teams move faster, act smarter, and stay ahead. Kilcoy is setting the pace for what's possible, and we're proud to be at their side for the next phase of growth.' The DecisionNext and Kilcoy Global Foods collaboration sets a new benchmark for how modern protein companies can embed AI in their daily operations – moving from manual decision-making to scalable, forward-looking forecasting and pricing. A significant value lies in enabling the conversation between data science-driven insights and human expertise – and this partnership empowers teams to have that conversation with confidence. About Kilcoy Global Foods For more than 70 years, Kilcoy Global Foods has been providing exceptional brands and products. The global food business now has five world-class facilities in Australia as well as large-scale operations in North America and China. It's Kilcoy's commitment to innovation and investment in technology that really sets it apart, leading the industry with new ways of working, being early adopters, and pushing the boundaries, all driven by a passion to continuously improve. Having doubled the size of its business twice in the last five years, Kilcoy Global Foods is on a high-growth trajectory as they continue to deliver food the world loves to eat. About DecisionNext DecisionNext is the leading AI platform for helping companies buy and sell commodities at the best times, with the best formulas, at the best prices. The company has revolutionized how commodity price and supply forecasting supports business decisions, and offers the only platform that incorporates users' expertise and up to the moment insights into the process. Its global customer base includes providers in meat & agriculture, mining & natural resources and other commodity industries, including major brands like Johnsonville and Sysco. For more information, visit
