Shares of Groupon Inc (NASDAQ:GRPN) ended Thursday session in green amid volatile trading. The shares closed up +0.06 points or 1.13% at $5.39 with 5.62 million shares getting traded. Post opening the session at $5.36, the shares hit an intraday low of $5.34 and an intraday high of $5.49 and the price vacillated in this range throughout the day. The company has a market cap of $3.08 billion and the numbers of outstanding shares have been calculated to be 572.78 million shares.
Groupon Inc (GRPN) on July 28, 2016 announced financial results for the quarter ended June 30, 2016.
“We continued to see strong traction in customer acquisition as we added more than 1 million new customers — the most in more than two years,” said CEO Rich Williams. “We’re excited with the progress of our marketing programs to date and their effectiveness in introducing millions more people to our marketplace.”
Second Quarter 2016 Summary
- Gross Billings were $1.49 billion in the second quarter 2016, down 2% from $1.53 billion in the second quarter 2015, with no significant impact of changes in foreign exchange rates. Our gross billings were impacted by dispositions and country exits in connection with our restructuring. On a same-country basis, gross billings increased 1% year-over-year. North America gross billings increased 8%, reflecting the early contribution of new active customer cohorts, while EMEA declined by 12% and Rest of World declined by 27%. Excluding the impact of changes in foreign exchange rates, Rest of World declined 21%, and there was no significant impact to North America or EMEA. Gross billings reflect the total dollar value of customer purchases of goods and services.
- Revenue was $756.0 million in the second quarter 2016, compared with $738.4 million in the second quarter 2015. Revenue increased 2% globally, or 3% excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. North America revenue increased 7%, EMEA declined 3% and Rest of World declined 23%. Excluding the impact of changes in foreign exchange rates, Rest of World declined 14%, and there was no significant impact to North America and EMEA.
- Gross profit was $333.6 million in the second quarter 2016, compared with $337.0 million in the second quarter 2015. Gross profit declined 1% globally, but was flat excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter.
- Net loss from continuing operations was $51.7 million in the second quarter 2016, compared with $15.3 in the second quarter 2015.
Shares of Seagate Technology PLC (NASDAQ:STX) ended Thursday session in red amid volatile trading. The shares closed down -0.03 points or -0.09% at $33.71 with 4.15 million shares getting traded. Post opening the session at $33.76, the shares hit an intraday low of $33.34 and an intraday high of $34.08 and the price vacillated in this range throughout the day. The company has a market cap of $10.01 billion and the numbers of outstanding shares have been calculated to be 298.61 million shares.
Seagate Technology PLC (STX) on August 9, 2016 announced at the Flash Memory Summit conference two new flash innovations that extend the limits of storage computing performance in enterprise data centers to unprecedented levels. The new products include a 60 terabyte (TB) Serial Attached SCSI (SAS) solid-state-drive (SSD) — the largest SSD ever demonstrated — and the 8TB Nytro® XP7200 NVMe SSD. These two new products represent the high performance end of Seagate’s Enterprise portfolio – a complete ecosystem of HDD, SSD and storage system products designed to help customers manage the deluge of data they face and move the right data where it’s needed fast to meet rapidly evolving business priorities and market demands.
The 60TB SAS SSD and 8TB Nytro XP7200 NVMe SSD are the newest additions to Seagate’s data center portfolio and are designed to help enterprise IT leaders obtain more value from the rapidly expanding amount of data they must contend with, even under the most demanding application requirements. The 60TB SAS SSD features twice the density and four times the capacity of the next highest-capacity SSD available now — equivalent to the capacity needed to accommodate 400 million photos on a typical social media platform, or 12,000 DVD movies.
The 60TB SAS SSD also simplifies the configuration process of accommodating “hot” and “cold” data, enabling data centers to use the same enterprise HDD 3.5 inch storage form factor. This eliminates the added step of separating out different types of data for near-term availability versus long-term storage — largely based on estimations or best-guesses of future data usage. Instead, data centers can rely on an SSD that helps address their need to quickly accommodate and ensure accessibility of ever-increasing large amounts of data without having to add additional servers or incorporate additional management steps. And, because of the drive’s flexible architecture, it also provides a pathway for data centers to easily grow from the current 60TB capacity to accommodate 100TB of data or more in the future — and all in the same form factor.