Tag: Year

International Business

International Business Machines Full Year 2022 Earnings: EPS Beats Expectations

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International Business Machines (NYSE:IBM) Full Year 2022 Results

Key Financial Results

  • Revenue: US$60.5b (up 5.5% from FY 2021).

  • Net income: US$1.78b (down 62% from FY 2021).

  • Profit margin: 2.9% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$1.97 (down from US$5.26 in FY 2021).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Business Machines EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company’s shares are down 4.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 4 warning

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Business Service

Business Advisory Firm Embark Announces Record $105.7 Million Revenue Year

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Embark achieved 121% growth, surpassing triple digits for the fifth time in the last six years while expanding into new markets and practice lines across America

DALLAS, Jan. 24, 2023 /PRNewswire/ — Business advisory firm Embark is thrilled to announce $105.7 million in total revenue for 2022, a record figure that more than doubles 2021 revenue. At 121% growth, 2022 is also the fifth time in the last six years the firm has realized triple-digit revenue growth. Despite growing economic headwinds, Embark’s consistent hyper-growth continues to broaden its footprint across the professional services industry.

Further highlighting its ongoing success, Embark also expanded into Nashville in 2022, making it the firm’s eleventh office across eight different states. As one of the fastest-growing private companies in the U.S., Embark nearly doubled its headcount from 275 employees at year-end 2021 to 500, with a growth strategy in place to expand its footprint

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Identity Theft

Data breaches hit 42% more Americans last year; identify theft up

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The number of data breaches in 2022 was slightly down on the previous year, but the number of people whose personal data was exposed by the security failures was significantly higher …

The data is revealed by the Identity Theft Resource Center’s (ITRC) annual report.

The number of victims impacted (422.1 million) increased by almost 41.5 percent from 2021. For 11 of the 12 months in 2022, the estimated number of data compromise victims was trending downward for the sixth consecutive year. However, that trend reversed with news that personal information of 221 million Twitter users was available in illicit identity marketplaces.

The report criticized companies for providing too little detail in their data breach admissions.

Data breach notices suddenly lacked details, resulting in increased risk for individuals and businesses, as well as uncertainty about the number of data breaches and victims. “Not specified” was the largest category of cyberattacks

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Business Service

Wavelo recognized as Best New Service of the Year in 2022 Best in Biz Awards

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Software provider awarded Silver for modernizing BSS & OSS solutions for telecommunications

TORONTO, Jan. 18, 2023 /PRNewswire/ – Wavelo, a modern, cloud-based platform that simplifies OSS and BSS technology management, has been named a Silver winner in Best New Service as part of the 2022 Best in Biz Awards.

Now in its 12th year, Best in Biz Awards saw fierce competition among more than 700 entries from public and private companies across the U.S. and Canada, with judges highlighting winning companies’ visionary leadership and innovative strides in the use of new technologies. Wavelo’s Mobile Network Operating System (MONOS) and Internet Service Operating System (ISOS) were recognized for providing faster, modular and scalable solutions for Communication Service Providers (CSPs) globally, allowing clients to focus efforts on improving customer experience and rapid expansion.

“Wavelo’s mission is to revolutionize a historically rigid industry with software that is purpose-built to solve the

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Legal

Legal battles over redistricting maps continue into the new year

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Rep. Dan Eubanks, a Republican in the Mississippi state House of Representatives, examines a copy of the House redistricting map. (Rogelio V. Solis/AP)

Every 10 years, political lines are redrawn across the country based on the U.S Census Bureau data, typically by state lawmakers, leading to a host of legal battles over the new maps.

The 2020 census data was released in 2021 after a months-long delay due to the pandemic. By the end of 2022, every state had a new congressional map, but legal challenges to the redrawn districts, some of which allege discrimination against people of color, have continued into the new year.

“It’s a state by state fight,” Dan Vicuna, the national redistricting manager of Common Cause, a voting rights organization, told Yahoo News. “In this country, there’s a long history of using the redistricting process to discriminate against people of color or to discriminate against voters

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Real Estate Law

This Year Was Big For Housing in SF. Next Year Will Be Bigger

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English

This year was a big one for housing in San Francisco—and the entire Bay Area—as city and state leaders tackled that perennially consequential issue.

As a state deadline looms, the city made considerable headway in demonstrating a path toward constructing 82,000 new homes over the next decade. But penalties for lackluster progress on policy reform and a coming economic slowdown threaten to destroy it all, setting the stage for a 2023 that will separate the wheat from the chaff.

Here’s Where We’ve Been

Technically, it was late 2021 when the San Francisco Board of Supervisors rejected a planned housing development at 469 Stevenson St., a project that would have created nearly 500 units. But the move ignited outrage and even a lawsuit that would last through all of 2022, inspiring some key victories for the YIMBY camp this year.

The biggest of those wins last year was state law

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