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F5 reports $747M in quarterly revenue as stock surges 10%; company names new CFO

GeekWire

The Seattle-based application delivery company reported revenue of $747 million, up 6% year-over-year, and GAAP net income of $165 million, up more than 8% year-over-year. F5 said Monday that its board authorized $1 billion for its common stock repurchase program. The company’s stock is up more than 20% this year.

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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon is undergoing a steady transformation under CEO Andy Jassy. billion.]

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Senkyu: MTN Uganda’s new way to say ‘thank you’ loyalty program

TM Forum

Rebuilt and expanded customer loyalty program, called Senkyu, to acknowledge customers and drive innovative ways to redeem points, including integration with digital payments, which improves financial inclusivity in Uganda. MTN Senkyu is a unique loyalty program in Uganda and goes beyond typical telco reward schemes.

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F5 confirms new round of job cuts, continuing annual pattern of workforce reductions

GeekWire

The company on Monday reported quarterly revenue of $747 million , up 6% year-over-year, and GAAP net income of $165 million, up more than 8% year-over-year. Reporting its financial results this week, the company said its board authorized an additional $1 billion for its common stock repurchase program.

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Freshworks lays off 660 — about 13 percent of its global workforce — despite strong earnings, profits

CIO Business Intelligence

The layoff announcement sounded unusual in that it was mentioned within an otherwise glowing financial report. CEO Dennis Woodside said in an analyst call to discuss the earnings that Freshworks “ended the quarter with more than 69,600 total customers with a net add of more than 800 customers.”

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SAP Q2 results reveal large orgs now firmly on the path to AI

CIO Business Intelligence

There are not many organizations that can take a hit on net profit due to monstrous restructuring costs, yet at the same time raise their operating profit projections for 2025, but SAP is one of them, according to its latest quarterly results released this week. Total revenue for the quarter reached €8.29

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‘Baby bond’ legislation aims to address wealth gaps in Washington state

GeekWire

(State of Washington Photo) People born into low-income families in Washington state will get a financial boost at the outset of their lives with so-called “baby bonds” if lawmakers pass legislation to establish the Washington Future Fund. The estimated cost of the program in Washington state is $152.8 Connecticut and Washington, D.C.

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