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Tata Elxsi delivers healthy growth in Q3 FY'24 with revenue from operations growing at 3.7% QoQ, and EBITDA margin at 29.5%

Retrieved on: 
Tuesday, January 23, 2024
Transport, Industrial design, Tata Motors, Communication, SDV, Health care, Quarter, Holiday, PAT, Net income, Digital, Environment, HMI, EPS, System integration, PBT, Per stirpes, Yoy, Growth, Bookkeeping

BANGALORE, India, Jan. 23, 2024 /PRNewswire/ -- Tata Elxsi (BSE: 500408) (NSE: TATAELXSI), amongst the world's leading providers of design led technology services, announced its third quarter results for the period ending 31st December 2023.

Key Points: 
  • Highlights of the Quarter Ended December 31, 2023:
    Revenues from operations at Rs.
  • 33.15, +3.2% QoQ, +6.0% YoY
    Transportation growth at 2.7% QoQ, 15.6% YoY, aided by deal wins and ramp-up of Software Defined Vehicle (SDV) engagements.
  • We are staying close to our customers and building on both growth and efficiency offerings for customers in this industry.
  • Our Design-Digital strategy is continuing to drive differentiation and growth, with our Design business growing strongly at 12.3%.

Allegro MicroSystems Reports Second Quarter 2024 Results

Retrieved on: 
Thursday, November 2, 2023
Vehicle registration plates of Nepal, Eastern Time Zone, Consumer, Interest expense, Automation, Original equipment manufacturer, Acquisition, UAW, Crocus Technology, EPS, Webcast, Per stirpes, Allegro, Crocus

MANCHESTER, N.H., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its second quarter which ended September 29, 2023.

Key Points: 
  • Commenting on the outlook, Vineet Nargolwala said, “Our backlog remains robust.
  • Our sales forecast reflects normal third quarter seasonality, lingering impacts from the UAW strike, heightened macroeconomic trends and elevated inventory levels in Industrial and Consumer markets.
  • Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Chief Financial Officer, will discuss Allegro’s business and financial results.
  • A recording of the webcast will be posted in the same location shortly after the call concludes and will be available for at least 90 days.

Tata Elxsi delivers healthy growth in Q2 FY'24 with revenue from operations growing at 3.7% QoQ and 15.5% YoY, and EBITDA margin at 29.9%

Retrieved on: 
Tuesday, October 17, 2023
BSE, Automotive industry, Health care, Profit (accounting), Per stirpes, Net income, Communication, Quarter, SDV, EPS, Traction, Yoy, Transport, RS, EBITDA, Original equipment manufacturer, NSE, Growth, Industrial design, PAT, PBT, Airline, Bookkeeping, Video game

BANGALORE, India, Oct. 17, 2023 /PRNewswire/ -- Tata Elxsi (BSE: 500408) (NSE: TATAELXSI), amongst the world's leading providers of design led technology services, announced its second quarter results for the period ending 30th September 2023.

Key Points: 
  • 881.7 Cr of operating revenue, a growth of 15.5% over the same quarter of previous year (YoY).
  • Transportation growth at 7.1% QoQ, 26.1% YoY, aided by large deals and strong traction in Software Defined Vehicle (SDV) engagements.
  • Our EBITDA has grown 4.8% QoQ and 16.3% YoY and our EBITDA margin has improved by 31 bps to 29.9%.
  • Our Transportation business, which accounts for 46.2% of the revenue coming from three verticals, witnessed strong growth of 7.1% QoQ and 26.1% YoY.

Mount Logan Capital Inc. Announces Entry into Business Combination With Canaccord Genuity G Ventures Corp.

Retrieved on: 
Monday, August 14, 2023
Odyssey, Ontario Superior Court of Justice, Insurance, Minority, LLP, Indian stock exchange, Par value, MI, Ontario Securities Commission, Model Business Corporation Act, NEO Exchange, Disclosure, Arrangement, Exchange, Part, Business analyst, Warrant, Blake, Cassels & Graydon, Prospectus, MLC, Per stirpes, Court, Growth, Multilateral, NEO, Combination, Security (finance), Mount Logan

Business Combination provides Mount Logan with capital to be utilized across the business to support growth initiatives and scale the business.

Key Points: 
  • Business Combination provides Mount Logan with capital to be utilized across the business to support growth initiatives and scale the business.
  • Subject to completion of the Business Combination, all members of the board of directors of Mount Logan are expected to continue as directors of Mount Logan.
  • Pursuant to the Arrangement Agreement, Mount Logan and G-Corp have agreed to use commercially reasonable efforts to assist G-Corp in completing the Business Combination.
  • Mount Logan and G-Corp also agreed to operate the business to be acquired by Mount Logan in the ordinary course pending completion of the Business Combination.

Allegro MicroSystems Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, August 1, 2023
Webcast, Allegro, Per stirpes

MANCHESTER, N.H., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its first quarter which ended June 30, 2023.

Key Points: 
  • For the second quarter ending September 29, 2023, the Company expects total sales to be in the range of $270 million to $280 million.
  • It is difficult to reasonably provide a forward-looking estimate between such forward-looking non-GAAP measures and the comparable forward-looking U.S. generally accepted accounting principles (“GAAP”) measures.
  • Certain factors that are materially significant to Allegro’s ability to estimate these items are out of its control and/or cannot be reasonably predicted.
  • Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Chief Financial Officer, will discuss Allegro’s business and financial results.