Volkswagen Doubles Down on Ride Sharing, Expects Big Revenue by 2025

Volkswagen already is one of the largest vehicle manufacturers in the world. In the future, it might become one of the world’s largest ride providers, too. Like many other automotive companies, Volkswagen is moving beyond its traditional role of merely building cars and morphing into a business centered on mobility. The company said this week that it is launching a new subsidiary called Moia that is intended to hatch innovations based around ride-hailing apps. The name Moia comes from the Sanskrit word for “magic.” Volkswagen is no stranger to ride hailing. In May, it invested $300 million in Gett, a global competitor of Uber and Lyft with a strong presence in Europe. It’s unclear exactly what role Gett will play with Moia, but Volkswagen sees the combination of the two as a means of entrenching its position on its home continent and elsewhere.

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Nonprofit Management

Microsoft Dynamics 365 for Nonprofits: What You Need to Know

Article | July 28, 2022

Microsoft Dynamics 365 for Nonprofits is a name you're likely to hear very frequently in the nonprofit tech space over the next several years. As Microsoft's own cloud-based CRM platform, Dynamics for Nonprofits offers a new technology option for organizations of all sizes. If you're already using a range of Microsoft products (or have heard of Microsoft's generous Tech for Social Impact initiative) but haven't yet heard of Dynamics, you're definitely going to want to have it on your radar.

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Nonprofit Management

What You Post Matters! Tips to Grow Your Nonprofit’s Following

Article | July 12, 2022

Increasing the number of followers your nonprofit has on social media can bring awareness to your cause, result in more donations to your organization, increase event attendance, and much more. The larger your following, the more people see your content and calls to action. So, what’s the best way to gain followers? In short, it’s all about engaging content. What you post matters.

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Nonprofit Management

What Does the Health of Your Nonprofit Website Mean and How Can You Improve It?

Article | July 14, 2022

Poor website health may be impacting your non-profit organization's business. Without a question, the basis of your digital presence is a high-performing website. However, it is easy to let other concerns take precedence over website health, especially if it is not your area of expertise. Healthy websites guarantee long-term success, increased reach, and more engagement. This is critical for organizations in terms of community involvement and giving. Healthy sites are also optimized for all users and free of flaws that might degrade the user experience. Poor website health, on the other hand, might result in a loss of visitors and search engine ranks. When it comes to search engine optimization, website health is equally vital (SEO). Sites that load quicker and have fewer difficulties will rank higher in search. How to Improve Website Health? Speed up your site pages: Visitors will not wait for a sluggish site to load in this day of immediate gratification. If your pages do not load immediately, you will make a poor first impression. Fix 404 errors and reduce redirects: Broken links are ones that produce the error message "404 Page Not Found." Error pages might disrupt the crawling of your website, lowering your search ranks. This informs search engines that you are not giving a decent user experience, which will lower your search rankings. Decrease image file sizes: Image files are huge and consume a lot of storage space. Large files might cause your site to slow down and take a long time to load. Reduce file sizes and compress all photos to enhance website health. Optimize for mobile: Google has stated that mobile speed is taken into account by the ranking algorithm. Your website should ideally operate on all devices. Create grammar-free, relevant content: Content is important in all marketing activities, so it's no surprise that it affects website health. Great content is the key to success since search rankings, engagement, and conversions are all dependent on it. Optimize for search: SEO is the process of improving your website's ranking on search engines. This is one of the most crucial aspects of maintaining a good website. A good SEO strategy brings traffic to your website without costing any money.

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Holding the Line: Compliance for Nonprofits

Article | April 26, 2020

When those in the nonprofit sector consider “compliance” the first thing that often comes to mind, and rightly so, is maintaining nonprofit status with the Internal Revenue Service. That makes sense, because failure to properly maintain nonprofit status has significant implications on taxes and can negatively impact fundraising. But compliance for nonprofits shouldn’t stop there. A comprehensive, documented compliance program, that includes privacy, security, marketing, donor and grantee diligence, and vendor management, for example, can go a long way to protecting the organization, its donors, and its constituents.

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Apple iPhone revenue slump results into CEO Tim Cook 15% salary-cut

Apple | January 07, 2017

Apple iPhone sales took a slump, which led to the company not meeting its revenue and profit target for the year 2016. The sales dip has made the Cupertino giant cut its CEO Tim Cook’s pay for year. Cook received $8.75 million (roughly Rs 57.88 crore) in total compensation for 2016, which was $10.28 million in 2015. Earlier, the $10.28 million (roughly) Rs 68.52 crore) pay was declined by the company when Cook assumed office in 2011. However the base salary of CEO rose 50 per cent, up to $3 million. “According to a regulatory filing on Friday, Apple said its annual sales of $215.6 billion were 3.7 per cent below its target of $223.6 billion, and its operating income of $60 billion was 0.5 per cent short of the $60.3 billion target,” The Wall Street Journal reported. Not only Cook, but Apple’s five-most senior executives also observed their total compensation going down for fiscal year 2016, each declining around nine per cent to about $22.8 million from $25 million in the previous year. The fall in revenues has been observed for the first time since 2001. Also this is for the first time when iPhone sales took a dip, ever since the first iPhone device was introduced in 2007.

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UPDATE 1-Vertex issues revenue outlook for cystic fibrosis treatments

Vertex | January 08, 2017

Vertex Pharmaceuticals Inc said on Sunday that it expected full-year 2017 revenue from its Orkambi cystic fibrosis treatment of $1.1 billion to $1.3 billion and revenue from its Kalydeco treatment of $690 million to $710 million. The company provided the outlook in a news release ahead of a presentation on Monday at the annual JPMorgan healthcare conference in San Francisco. The outlook for Orkambi appeared to be below expectations of brokerage firm analysts but closer to levels anticipated by institutional investors, Evercore ISI analyst John Scotti said in a research note after the announcement. The company said it expected later this month to report fourth-quarter Orkambi revenue of about $276 million. If that sales rate continues, the company will achieve at least the low end of its 2017 forecast, analysts at RBC Capital Markets said in a note.

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OCS Group targets Rs 1,000 crore revenue by financial year 2020

OCS | January 08, 2017

Facility management services firm OCS Group (India) expects its revenue to more than double to Rs 1,000 crore in the next three years. "The Bombay High Court has sanctioned the composite scheme of amalgamation and arrangement between Absotherm Facility Management and Cannon Hygiene (India) and OCS Group (India) to facilitate the formation of a single unified Indian entity of the global major OCS Group in facilities management.

Read More

Apple iPhone revenue slump results into CEO Tim Cook 15% salary-cut

Apple | January 07, 2017

Apple iPhone sales took a slump, which led to the company not meeting its revenue and profit target for the year 2016. The sales dip has made the Cupertino giant cut its CEO Tim Cook’s pay for year. Cook received $8.75 million (roughly Rs 57.88 crore) in total compensation for 2016, which was $10.28 million in 2015. Earlier, the $10.28 million (roughly) Rs 68.52 crore) pay was declined by the company when Cook assumed office in 2011. However the base salary of CEO rose 50 per cent, up to $3 million. “According to a regulatory filing on Friday, Apple said its annual sales of $215.6 billion were 3.7 per cent below its target of $223.6 billion, and its operating income of $60 billion was 0.5 per cent short of the $60.3 billion target,” The Wall Street Journal reported. Not only Cook, but Apple’s five-most senior executives also observed their total compensation going down for fiscal year 2016, each declining around nine per cent to about $22.8 million from $25 million in the previous year. The fall in revenues has been observed for the first time since 2001. Also this is for the first time when iPhone sales took a dip, ever since the first iPhone device was introduced in 2007.

Read More

UPDATE 1-Vertex issues revenue outlook for cystic fibrosis treatments

Vertex | January 08, 2017

Vertex Pharmaceuticals Inc said on Sunday that it expected full-year 2017 revenue from its Orkambi cystic fibrosis treatment of $1.1 billion to $1.3 billion and revenue from its Kalydeco treatment of $690 million to $710 million. The company provided the outlook in a news release ahead of a presentation on Monday at the annual JPMorgan healthcare conference in San Francisco. The outlook for Orkambi appeared to be below expectations of brokerage firm analysts but closer to levels anticipated by institutional investors, Evercore ISI analyst John Scotti said in a research note after the announcement. The company said it expected later this month to report fourth-quarter Orkambi revenue of about $276 million. If that sales rate continues, the company will achieve at least the low end of its 2017 forecast, analysts at RBC Capital Markets said in a note.

Read More

OCS Group targets Rs 1,000 crore revenue by financial year 2020

OCS | January 08, 2017

Facility management services firm OCS Group (India) expects its revenue to more than double to Rs 1,000 crore in the next three years. "The Bombay High Court has sanctioned the composite scheme of amalgamation and arrangement between Absotherm Facility Management and Cannon Hygiene (India) and OCS Group (India) to facilitate the formation of a single unified Indian entity of the global major OCS Group in facilities management.

Read More

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