Latest news with #5.9
Business Recorder
21 hours ago
- Business
- Business Recorder
Experts urge FBR to broaden tax base to meet FY26 target
ISLAMABAD: Experts recommended that Federal Board of Revenue (FBR) needs to increase the tax base to achieve revenue target of Rs14.1 trillion in 2025-26 without burdening existing taxpayers. Pakistan's numbers tell a compelling story with only 5.9 million tax filers out of 71 million workforce (8.4 percent, tax filer to workforce ratio), while banks hold 177 million accounts, with 137 million unique account holders (60% of adult population), and Rs32.7 trillion in deposits (as of May 2025)—all with complete KYC data with the Banks. These figures were shared by former minister for Interior and Commerce GoharEjaz on X formerly known Twitter. He sated FBR needs help to find non-tax filers. This is where they need to look: total tax filers in Pakistan 5.9 million (2024-25), individuals (5.8 million), Business Partnerships (AOPs) ( 104,269) and companies (87,900). Ejaz further stated that FBR doesn't need to tax existing filers more—it needs to expand the tax base. With withholding taxes at Rs. 1.59 trillion and voluntary payments at Rs. 1.12 trillion (first half of 2024-25), the compliant are already contributing. 137 million unique bank account holders vs 5.9 million tax filers is a stark low number, he added. FBR must target non-filers—going after existing taxpayers will not work as they're already overburdened. Banks have comprehensive KYC data on account holders with substantial deposits. Non-filers' complete account details, transaction histories, and financial profiles are readily available. Smart governance means using available data intelligently. The path to Pakistan's revenue targets lies not in over-burdening the 5.9 million compliant taxpayers, but in identifying and bringing the remaining 131 million bank account holders with significant financial footprints into the formal tax system, Ejaz added. Copyright Business Recorder, 2025
South Wales Argus
12-06-2025
- Business
- South Wales Argus
Wales sees 15% rise in sales of building materials according to BMF
The Builders merchants Federation, known as the BMF, has reported that Wales saw a 15.4 per cent leap compared to the same month in 2024. The BMF's quarterly Building Materials Building Index also found Wales was leading the field for the first quarter of 2025 when compared to Q1 last year, with a jump of 5.9 per cent in sales. Drawn from 88 per cent of builders' merchants sales throughout the country, the BMBI uses point of sale tracking data to make it one of the most reliable measures of sales activity for the sector. BMF CEO John Newcomb said: 'The building materials sector is critical to the lifeblood of the Welsh economy and reflects the 'mood of the nation' – particularly around home repair, maintenance and improvement."
Newsweek
11-06-2025
- Sport
- Newsweek
Yankees Trade Idea Brings In $5.9 Million, 2-Time All-Star Closer to End Bullpen Woes
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Even after losing two of three to their arch-rivals, the Boston Red Sox, over the weekend, the New York Yankees entered Tuesday's action with the second-best record in MLB, behind only the Detroit Tigers. But the Yankees have a problem at the back of their bullpen. First, offseason acquisition Devin Williams, at a price of $8.6 million for one year, was such a bust in April and most of May that he lost his closer's job. NEW YORK, NY - APRIL 12: Luke Weaver #30 of the New York Yankees looks on during the game against the San Francisco Giants at Yankee Stadium on April 12, 2025 in New York, New... NEW YORK, NY - APRIL 12: Luke Weaver #30 of the New York Yankees looks on during the game against the San Francisco Giants at Yankee Stadium on April 12, 2025 in New York, New York. More NewManager Aaron Boone then gave the assignment to Luke Weaver, a 10-year veteran pitching for his sixth different team. But Weaver also had the closer's job down the stretch last season, seeming to find his place in the role. With four saves in September, Weaver played a crucial role in the Yankees' run to the postseason. Taking over for Williams, he picked up where he left off, saving eight games in nine opportunities. But in a June 1 game against the Dodgers in Los Angeles, Weaver pulled a hamstring warming up and was given a trip to the injured list. What now? According to baseball insider Mark Feinsand, a two-time All-Star closer will likely be available on the trade market. Would the Yankees target him, as insurance against any further collapses by Williams or injury flare-up for Weaver? More MLB: Red Sox Outfielder Reveals Timeline To (Finally) Return From Injury That closer is 30-year-old righty David Bednar of the Pittsburgh Pirates, who saved a National League-leading 39 games in 2023, despite pitching for a team that finished the season 10 games under .500. "Bednar struggled so much to start the season that the Pirates demoted him to Triple-A on April 1, but the reliever has been formidable since returning to the Majors on April 19," Feinsand wrote. "Pittsburgh faces a double-digit deficit in both the NL Central and Wild Card races, and with Bednar earning $5.9 million this season with one more year of arbitration eligibility remaining, the time is right for the Pirates to trade him," the insider continued. The Pirates' closer has recorded eight saves this season, with a solid 3.74 ERA. Bednar's remaining full season of team control might make Pittsburgh's asking price somewhat higher than if he were simply a rental. On the other hand, his age and recent struggles mean he probably won't be worth a top prospect. The Yankees' No. 15 prospect, catcher and first baseman Rafael Flores, could headline a package to obtain Bednar. "Flores generates plus raw power and some of the best exit velocities among Yankees farmhands," according to an MLB Pipeline scouting report. "A right-handed hitter, he employs a pull-heavy approach designed to crush balls to left field, and he could tap into even more pop if he could make more consistent contact and lift more balls in the air." MLB Pipeline estimates Flores, now playing for the Yankees' Double-A affiliate, the Somerset Patriots, will be ready for the big leagues next season. More MLB: Dodgers' Shohei Ohtani Could Pitch Sooner Than Expected, Per Latest Update
Yahoo
05-06-2025
- Business
- Yahoo
HPE Q1 Earnings Call: Revenue Misses Expectations, Adjusted EPS Beats, AI and Hybrid Cloud Growth Highlighted
Enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 5.9% year on year to $7.63 billion. Its non-GAAP EPS of $0.38 per share was 16.3% above analysts' consensus estimates. Is now the time to buy HPE? Find out in our full research report (it's free). Revenue: $7.63 billion (5.9% year-on-year growth) Adjusted EPS: $0.38 vs analyst estimates of $0.33 (16.3% beat) Adjusted Operating Income: $613 million vs analyst estimates of $549.5 million (8% margin, 11.6% beat) Revenue Guidance for Q2 CY2025 is $8.35 billion at the midpoint, above analyst estimates of $8.18 billion Management raised its full-year Adjusted EPS guidance to $1.84 at the midpoint, a 2.2% increase Operating Margin: -14.5%, down from 5.9% in the same quarter last year Annual Recurring Revenue: $2.25 billion at quarter end, up 47.2% year on year Market Capitalization: $23.24 billion Hewlett Packard Enterprise's first quarter results reflected a mix of headwinds and operational improvements across its core segments, as management targeted execution issues in its server business and capitalized on expanding demand for AI-driven infrastructure. CEO Antonio Neri highlighted that the company 'addressed the operational challenges we experienced in our service segment last quarter,' referencing the implementation of new pricing analytics and increased discount scrutiny. Growth was led by higher AI system revenue, improved performance in the Intelligent Edge segment, and robust adoption of the hybrid cloud platforms, particularly the HPE Alletra MP storage transition and GreenLake cloud services. CFO Marie Myers noted that the company also made significant progress with its cost reduction program, which included workforce reductions and organizational streamlining. Looking ahead, management's guidance is anchored by anticipated improvements in server profitability, ongoing strength in AI and hybrid cloud demand, and incremental benefits from structural cost actions. Neri stated, 'We continue to capitalize on the mega trends reshaping the IT industry across networking, AI, and hybrid cloud,' and expects further margin recovery in the server segment as corrective actions take hold. The company anticipates a less pronounced impact from tariffs, continued scaling of its annual recurring revenue, and additional product launches in AI and networking. Myers emphasized a focus on balancing investments in innovation with disciplined cost management, cautioning that macroeconomic and trade policy uncertainties remain potential headwinds for the remainder of the year. Management attributed the quarter's performance to stronger AI systems revenue, momentum in hybrid cloud and Intelligent Edge, and operational changes aimed at improving server margins. Server margin remediation: Management implemented new pricing analytics, tighter discount controls, and inventory management to address previous execution issues in the server segment. These steps are expected to result in server operating margins recovering to approximately 10% by year-end. AI systems and backlog growth: The company highlighted over $1 billion in recognized AI systems revenue, an increase from the prior quarter, and a $3.2 billion AI systems backlog. Growth was attributed to enterprise and sovereign customer demand for AI infrastructure, with management noting a 'multiples of our backlog' in the pipeline. Hybrid cloud and storage momentum: The HPE Alletra MP storage platform experienced high double-digit growth, with orders for Alletra MP growing over 75% year over year for four consecutive quarters. The transition to a subscription model is currently a revenue headwind but is expected to support long-term profitability. Intelligent Edge recovery: Intelligent Edge returned to revenue growth after five quarters, benefiting from improved demand in networking and the introduction of new Wi-Fi 7 solutions. Channel inventory levels remained healthy, and data center and campus switching orders saw double-digit growth. Cost reduction and organizational changes: The company executed a cost reduction program, including a 5% workforce reduction and the launch of the 'Catalyst' initiative to streamline operations and leverage AI for internal efficiency. Myers described these efforts as 'accelerating our reporting cycles by approximately 50% and reducing processing costs by an estimated 25%.' Management expects ongoing AI and hybrid cloud momentum, server profitability improvements, and disciplined cost actions to drive results, though macroeconomic and trade policy uncertainties remain significant factors. AI and hybrid cloud demand: Management projects continued high demand for AI systems and hybrid cloud solutions, especially as enterprise and sovereign clients expand deployments. The company's integration with NVIDIA's new GPUs and AI software partnerships are expected to further expand market opportunities. Server margin recovery: The server segment's profitability is expected to improve as pricing and discounting controls, inventory management, and cost actions take full effect. Management reaffirmed the target for server operating margins to approach 10% by year-end, supported by the rollout of new server generations and improved backlog conversion. Operational efficiency and cost control: The 'Catalyst' initiative, including workforce reductions and AI-driven process improvements, is expected to deliver incremental cost savings and improved agility. Management cautioned that ongoing trade policy changes and macroeconomic volatility could affect both demand and margins. In coming quarters, the StockStory team will monitor (1) the pace of server margin recovery and execution on cost reductions, (2) sustained growth in AI systems and hybrid cloud platforms as new product launches roll out, and (3) the closing and integration of the Juniper Networks acquisition. Other important indicators include annual recurring revenue expansion and signs of stabilization in the networking and Intelligent Edge segments. Hewlett Packard Enterprise currently trades at a forward P/E ratio of 9.1×. At this valuation, is it a buy or sell post earnings? The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Hewlett Packard Enterprise (NYSE:HPE) Beats Q1 Sales Targets, Provides Optimistic Revenue Guidance for Next Quarter
Enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 5.9% year on year to $7.63 billion. Guidance for next quarter's revenue was optimistic at $8.35 billion at the midpoint, 2.1% above analysts' estimates. Its non-GAAP profit of $0.38 per share was 16.3% above analysts' consensus estimates. Is now the time to buy Hewlett Packard Enterprise? Find out in our full research report. Revenue: $7.63 billion vs analyst estimates of $7.46 billion (5.9% year-on-year growth, 2.3% beat) Adjusted EPS: $0.38 vs analyst estimates of $0.33 (16.3% beat) Adjusted EBITDA: -$419 million vs analyst estimates of $1.14 billion (-5.5% margin, significant miss) Revenue Guidance for Q2 CY2025 is $8.35 billion at the midpoint, above analyst estimates of $8.18 billion Management raised its full-year Adjusted EPS guidance to $1.84 at the midpoint, a 2.2% increase Operating Margin: -14.5%, down from 5.9% in the same quarter last year Free Cash Flow was -$1.01 billion, down from $655 million in the same quarter last year Market Capitalization: $22.78 billion 'We delivered a solid performance, achieving yet another quarter of year-over-year revenue growth with strength in each of our product segments,' said Antonio Neri, president and CEO of Hewlett Packard Enterprise. Born from the 2015 split of the iconic Silicon Valley pioneer Hewlett-Packard, Hewlett Packard Enterprise (NYSE:HPE) provides edge-to-cloud technology solutions that help businesses capture, analyze, and act upon their data across hybrid IT environments. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $31.65 billion in revenue over the past 12 months, Hewlett Packard Enterprise is a behemoth in the business services sector and benefits from economies of scale, giving it an edge in distribution. This also enables it to gain more leverage on its fixed costs than smaller competitors and the flexibility to offer lower prices. However, its scale is a double-edged sword because finding new avenues for growth becomes difficult when you already have a substantial market presence. To accelerate sales, Hewlett Packard Enterprise likely needs to optimize its pricing or lean into new offerings and international expansion. As you can see below, Hewlett Packard Enterprise's sales grew at a sluggish 2.9% compounded annual growth rate over the last five years. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Hewlett Packard Enterprise's annualized revenue growth of 3.4% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. This quarter, Hewlett Packard Enterprise reported year-on-year revenue growth of 5.9%, and its $7.63 billion of revenue exceeded Wall Street's estimates by 2.3%. Company management is currently guiding for a 8.3% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 6.4% over the next 12 months, an improvement versus the last two years. This projection is above the sector average and indicates its newer products and services will catalyze better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Hewlett Packard Enterprise was profitable over the last five years but held back by its large cost base. Its average operating margin of 3.9% was weak for a business services business. Analyzing the trend in its profitability, Hewlett Packard Enterprise's operating margin might fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. This quarter, Hewlett Packard Enterprise generated an operating margin profit margin of negative 14.5%, down 20.4 percentage points year on year. This contraction shows it was less efficient because its expenses grew faster than its revenue. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Hewlett Packard Enterprise's EPS grew at an unimpressive 4% compounded annual growth rate over the last five years. This performance was better than its flat revenue, but we take it with a grain of salt because its operating margin didn't expand and it didn't repurchase its shares, meaning the delta came from reduced interest expenses or taxes. In Q1, Hewlett Packard Enterprise reported EPS at $0.38, down from $0.42 in the same quarter last year. Despite falling year on year, this print easily cleared analysts' estimates. Over the next 12 months, Wall Street expects Hewlett Packard Enterprise's full-year EPS of $1.95 to stay about the same. We were impressed by how significantly Hewlett Packard Enterprise blew past analysts' EPS expectations this quarter. We were also glad its quarterly revenue guidance and full-year EPS forecast quarter exceeded Wall Street's estimates. Zooming out, we think this was a solid print. The stock traded up 3.3% to $18.25 immediately after reporting. Indeed, Hewlett Packard Enterprise had a rock-solid quarterly earnings result, but is this stock a good investment here? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
