Financial News and Analysis | CFO Dive
ServiceNow CFO eyes AI agents following robust Q3. The SaaS provider is looking to bring AI agents to its customer and IT service segments after reporting $2.7 billion in subscription revenues, driven in part by AI adoption, its CFO said. Financial Reporting.
Costco CFO targets lower prices amid ‘effectively flat’ inflation
Sep 27, 2024 · In general, Costco tends to price lower than competitors because it sells products in bulk quantities and controls costs, Rohr said in an email response to CFO Dive questions. For example, its selling, general and administrative expenses are about 9% of sales, whereas that ratio for such companies as Walmart and Target is about 20%.
Consumers during Trump presidency will view Fed as pro-GOP: …
Nov 6, 2024 · Dive Brief: During Donald Trump’s second term as president, 84% of consumers will likely disregard the Federal Reserve’s longstanding assertion of political independence and view the central bank as aligned with the Republican Party, according to a paper published by the National Bureau of Economic Research. “Political outcomes, like a Trump presidency, could dramatically realign public ...
Most CEOs expect full return-to-office in 3 years: KPMG
Sep 20, 2024 · Dive Brief: A majority (83%) of CEOs surveyed globally predict that companies will shift to require a “full” return of employees to in-office work in the next three years, an increase from 64% the prior year, KPMG said, reporting on the findings of a survey of 1,300 chief executives conducted in July and August.; The report also revealed a generational divide in the executives’ sentiment ...
Airwallex eyes embedded payments in globalization push
Sep 10, 2024 · After seeing annual processing volumes spike by more than 73% to exceed $100 billion, global payments provider Airwallex is hoping to keep up the momentum of its current “hyper growth” phase, said Ravi Adusumilli, the company’s executive general manager, Americas. The company, originally founded in Australia, has yet to enter some of the ...
Tyson Foods appoints new CFO, replacing troubled scion
Aug 30, 2024 · Tyson Foods named a new chief financial officer on Thursday, replacing heir John R. Tyson, who was suspended earlier this summer after he was arrested for driving while intoxicated. The meat giant on Thursday appointed Interim CFO Curt Calaway to take over the position permanently. Tyson remains with the company but is currently on health ...
Salesforce CFO to exit post after successor is picked
Aug 29, 2024 · Salesforce CFO Amy Weaver is planning to step down after less than four years in the role, the software-as-a-service company said Wednesday. Weaver will stay on as finance chief until a successor is appointed and then become an adviser to the company, Salesforce said in a press release announcing its second quarter fiscal 2025 earnings results.
Fed cuts main rate by half point, voices confidence inflation falling
Sep 18, 2024 · Dive Brief: The Federal Reserve on Wednesday cut the main interest rate by a half percentage point to a range between 4.75% and 5%, citing progress in slowing inflation toward the central bank’s 2% goal from more than 9% two years ago. “This decision reflects our growing confidence that with an appropriate recalibration of our policy stance, strength in the labor market can be maintained ...
Super Micro delays 10-K filing to assess internal controls
Aug 28, 2024 · AI server maker Super Micro Computer’s shares plunged 19% Wednesday after the company announced it expects to delay its 10-K filing for the fiscal year 2024 ended June 30, according to a release. It plans to file a notification of late filing on Aug. 30. “SMCI is unable to file its annual report within the prescribed time period without ...
Longtime Zoom Video CFO to step down
Aug 22, 2024 · Dive Insight: The San Jose, Calif.-based company tapped the CFO’s financial chops during its 2019 IPO, where Steckelberg organized its operations to better support sales and focused on cash flow and profitability, Steckelberg told CFO Dive in a 2019 interview.. Zoom’s stock price swiftly rose in the days following its IPO, with the company reaching a market cap of nearly $17.7 billion in ...