Braze’s Post

Starting 2024 strong! We delivered our 12th consecutive quarter of consolidated revenue growth, with all three businesses achieving double digit revenue growth for 6 straight quarters. Learn more in our Q1 earnings report: https://bit.ly/3Ux5Gmy

Beautiful week of Q1 earnings came in, with absolutely no load shedding what a wonder, for the first Q in three years. for your daily market brief follow link below: https://lnkd.in/dXrFjmcG

Q1 2024 marked one of our strongest first quarters in company history, with $27.6 billion in total originations despite a higher-rate environment. We remain well-positioned for growth and success this year. See our Q1 earnings results: https://bit.ly/4dx328O

In the first half of 2024, we achieved a record profit and accelerated our growth momentum. ➡ Find out more about our half-year 2024 earnings and read the full media release here https://lnkd.in/g927hXjY

Most Anticipated earnings releases in this week

Our Half Year Results are in, highlighting strong progress against our strategy over the last six months. ⬆️ Operating profit +4% at constant exchange rate (CER), driven by higher gross margin and operational efficiencies ⬆️ Record operating margin of 13.8%, up 100 bpts, ahead of FY25 target of 13.5% ⬆️ Sales down 4% yoy CER as supply chains normalise ⬆️ Orders +8% yoy CER. Organically, orders +1% yoy and +5% sequentially. Order book of £163m, equating to c.4.5 months of sales ⬆️ Excellent operating and free cash flows, with >100% conversion rate for both. Gearing reduced to 1.45x, below the 1.5x-2x target range ⬆️ Completed one bolt-on acquisition (HiVolt) for 6x EBIT multiple ⬆️ Current trading – in line with expectations, with order runrate ahead of sales ⬆️ On track to deliver full year underlying earnings in line with Board’s expectations Our Group Chief Executive, Nick Jefferies, adds: “discoverIE delivered a resilient first half performance with a 4% increase in underlying operating profit and growth in operating margins to 13.8%, ahead of our near-term target. With a flexible operating model, we are able to control costs in response to lower production volumes, which along with ongoing efficiency initiatives and accretive acquisitions, has more than offset lower sales at the low point of the cycle. This is a great strength of the business that has delivered improved underlying operating profits and margins in each of the last ten years. The Group continues to deliver excellent free cash flow, with a conversion rate of 126% over the last 12 months. This, together with expected cash flow in the second half, provides balance sheet funding of c.£70m for further acquisitions. We remain focused on generating above market growth through the cycle and our design win pipeline remains strong. This, along with our pipeline of acquisition opportunities, is our engine for growth and we remain on track to deliver full year underlying earnings in line with the Board’s expectations." Read more https://lnkd.in/gjQgM4R4 #Results #Growth #discoverIE

### Notable Earnings to Watch for the Week Beginning September 09, 2024: https://lnkd.in/gvXe6VMu 1. Oracle $ORCL – Monday, After Close - Oracle’s earnings will be a key highlight for tech investors, particularly given its strong position in cloud computing and database solutions. Expect insights into its AI developments and cloud infrastructure growth. 2. GameStop $GME – Tuesday, After Close - The meme stock of 2021 has been volatile, and earnings are a crucial moment to assess whether GameStop can stabilize its business model post-pandemic. 3. Kroger $KR – Thursday, Before Open - Kroger’s earnings are worth noting as the grocery giant navigates inflationary pressures and changing consumer spending habits. 4. Adobe $ADBE – Thursday, After Close - As a leading software company, Adobe’s earnings can provide insights into the strength of the digital media and marketing space, especially its AI initiatives. 5. $RH Restoration Hardware – Thursday, After Close - RH is a high-end retailer, and its earnings will be a key signal for the luxury home furnishing market amid fluctuating economic conditions. Stay tuned for these reports to gauge market direction and sector-specific performance!

▪ #Airbnb ($ABNB) posted a decent Q2 FY12/2024; however, the TTM revenue growth declined to 16%. ▪ Management provided weak guidance for Q3 FY12/2024, attributed to slowing demand from US guests. ▪ The stock fell a solid 14% post-earnings and found support at, wait for it, the c-wave = 1.618 * a-wave level. ▪ Read on for detailed fundamental analysis, technical analysis, valuation, and rating. #Techstocks #Earnings

🚀 "Another month, another step forward in driving real growth." 🚀 🌟 Here I close this month with a 35% increase in total profit, reaching $13,942 compared to last month’s $10,325. Revenue also saw a significant jump, rising from $73,000 to $106,992. This growth reflects a strong strategy and team effort. There’s still more to accomplish, but these numbers show we’re on the right track. #SalesGrowth #ProfitIncrease #BusinessDevelopment #Revenue #Teamwork

Really interesting results from Landsec today, supporting the Overture piece that I wrote for Fidelio Partners this week that the retail property market is starting to turn, that retailers need to consider reversing the >10Y of disinvestment from property, and questioning whether Boards are equipped to support this change of strategy. A few highlights: - Major Retail Destinations valuation +2.8% (Retail Parks +5.6%, Shopping Centres +4.2%) but still yielding 7.6% - Major retail occupancy 96%, back above pre-Covid levels - Stores are c20% larger than 5Y ago as retailers want larger prime space (JD average size +7%, Uniqlo +37%, M&S +12%, Zara +27%, Next +10%).