All posts tagged: upbeat

Japan manufacturers stay upbeat on chip demand, services hit by costs

Japan manufacturers stay upbeat on chip demand, services hit by costs

Published by Sam Flores

TOKYO, July 15 : Japanese manufacturers’ sentiment remained relatively upbeat in July, supported by solid semiconductor demand, while confidence among non-manufacturers fell as the Middle East conflict, a weak yen and rising interest rates pushed up costs, the latest Reuters Tankan survey showed. The monthly poll, a leading indicator of the Bank of Japan’s quarterly Tankan business survey, showed that the manufacturers’ sentiment index was unchanged at plus-13 in July from June. Manufacturers reported a recovery in the semiconductor market, including in memory-related demand, as well as rapidly expanding orders for products used in chip applications and AI servers. Orders for electronic components were also rising broadly. “Order volumes and values are at levels we’ve never seen before, and we’re concerned about production capacity,” a manager at a precision machinery maker said. The July survey, conducted from July 1 to July 10, received responses from 218 out of 511 firms polled. The indexes are calculated by subtracting the percentage of pessimistic responses from the percentage of optimistic ones, with positive figures indicating net optimism. The …

Bumble posts upbeat quarterly revenue as platform overhaul targets Gen Z

Bumble posts upbeat quarterly revenue as platform overhaul targets Gen Z

Published by Sam Flores

May 5 : Bumble on Tuesday posted first-quarter revenue above estimates as the online dating platform’s strategy to win back younger users starts to bear fruit. The company posted revenue of $212.4 million, above analysts’ estimates of $211.4 million, according to data compiled by LSEG. • Online dating platforms are grappling with slowing growth and waning engagement, particularly among Gen Z users who have grown tired of endless swiping and disappointed by the quality of matches. • Total Paying Users decreased 21.1 per cent to 3.2 million, compared with 4 million, a year ago. • “We’re now focused on activating this higher-quality member base by launching a fully reimagined Bumble experience on our rebuilt, AI-enabled platform later this year,” said Whitney Wolfe Herd, Founder & CEO of Bumble. • Bumble, which has long marketed itself as a female-first alternative in the crowded dating market, is experimenting with tweaks to its core product to make the dating experience feel more curated and less transactional. • Rivals including Match Group’s Tinder and Hinge have stepped up the …

Amphenol forecasts upbeat quarterly results on AI data center demand

Amphenol forecasts upbeat quarterly results on AI data center demand

Published by Sam Flores

April 29 : Electronic gear maker Amphenol forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on enterprise spending for its components used in artificial intelligence data centers. Shares of the company, which provides interconnect, sensor and antenna solutions for end markets such as automotive, commercial aerospace, defense, industrial and data communications jumped 9.5 per cent in premarket trading. • Demand for Amphenol’s connectors and sensor systems has surged as tech companies aggressively build out data center infrastructure needed to support generative AI workloads. • The company has continued to expand its technology portfolio through acquisitions, including its $10.5 billion purchase of CommScope’s Connectivity and Cable Solutions business in January, which significantly strengthened Amphenol’s capabilities in fiber-optic and data-center connectivity products. • Amphenol forecast revenue in the range of $8.1 billion to $8.2 billion for the quarter ending June 30, compared with analysts’ average estimate of $7.69 billion, according to data compiled by LSEG. • It reported revenue of $7.62 billion for the quarter ended March 31, beating estimates of $7.09 billion. Adjusted profit …

Shares are higher in Asia in an upbeat start to the new year

Shares are higher in Asia in an upbeat start to the new year

Published by Sam Flores

TOKYO: Asian markets made a bright start to 2026 on Friday (Jan 2) but volumes were thin with Tokyo and Shanghai still closed as investors awaited fresh direction from Wall Street. Stocks had a bumper 2025, with the S&P adding 16.4 per cent, the tech-rich Nasdaq 20.4 per cent and London’s FTSE enjoying its merriest Christmas in 16 years. In Asia, Seoul stocks whooshed 75 per cent, while Hong Kong’s Hang Seng index bounced 28 per cent and Tokyo’s Nikkei 225 rocketed more than 26 per cent. “Naturally, the start of the new year comes with the question everyone asks moving from one year to the next: will this continue? The consensus is that, yes, it will,” said Kyle Rodda at Australian brokerage Capital.com. “When it comes to the all important US economy, Wall Street is pricing in growth will accelerate this year while inflation still moderates and interest rates get cut. Meanwhile, analysts predict that corporate fundamentals will improve,” Rodda said. Hong Kong was up 2.2 per cent Friday with chip designer Biren Technologies …