Category: Business
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Source: eMarketer
Update At: 2/10/2025
The representation of women on German corporate boards has reached an all-time high, indicating progress towards gender equality in leadership roles.
marketscreener.com
CrowdStrike's stock price fell 10.6% to $272.46 following a major outage caused by a defective Falcon update, which affected 8.5 million Windows devices and led to widespread disruptions in various sectors, including air travel. Analysts downgraded the stock, citing expected resistance to new deals. Despite efforts from CrowdStrike and Microsoft to assist affected users, lingering issues from the outage continue to impact businesses.
CRN
CrowdStrike Holdings Inc. faces potential delays in new business deals following a disruptive software update that affected global technology. Guggenheim analyst John DiFucci downgraded the stock, citing concerns over the company's reputation and the possibility of losing out on competitive deals. Despite a recent selloff, he believes the company will recover in the long term, but advises caution for immediate investments.
Morningstar.com
Grab Holdings Limited is expanding its services by acquiring the Singapore-based dining reservation platform Chope, enhancing its restaurant booking capabilities and differentiating itself from competitors in Southeast Asia.
Benzinga
USIBC advocates for liberalizing the satellite communications industry, easing courier export restrictions, and enhancing tax policies to improve capital flow between India and the US. Recommendations include clarifications on Input Tax Credits, exemptions for employee benefit schemes, and production-linked incentives for the media sector. The organization also seeks tax parity for foreign banks and easier processes for Indian companies to list shares abroad.
Deccan Herald
The US-India Business Council has urged the Indian government to implement production-linked incentives for the media and entertainment industry in the upcoming Union Budget, aiming to enhance India's position as a hub for content production. Recommendations include liberalizing the satellite communications sector, creating a level playing field for financial services, and developing a long-term plan for the Indian National Satellite System. The council emphasizes the need for ease-of-doing-business policies and a balanced intellectual property rights framework to support technology transfer and foreign direct investment.
Communications Today
SAP shares surged 7% to an all-time high following a strong quarterly report, with operating profit rising 33% to 1.94 billion euros. The company is restructuring, affecting 9,000 to 10,000 positions, while focusing on AI skills training. Total revenue increased by 10% to 8.29 billion euros, surpassing analyst expectations.
Yahoo Finance
SAP SE shares increased significantly following a report of a 25% rise in cloud revenue, driven by demand for AI services from corporate customers.
Bloomberg
SAP has raised its 2025 operating profit target to €10.2 billion, reflecting efficiency gains from its AI-focused restructuring program. The company expects to retrain or see 9,000 to 10,000 employees leave as it shifts focus to Business AI and other strategic areas. SAP's cloud revenue grew 25% year over year, indicating strong growth momentum despite industry volatility.
PYMNTS.com
SAP reported fiscal second-quarter results exceeding Wall Street estimates, driven by strong demand for its cloud and artificial intelligence offerings. Adjusted earnings were €1.10 per share on revenue of €8.29B, with cloud revenue increasing by 10% year on year. The company maintains its full-year outlook for adjusted operating profit and cloud revenue.
Investing.com