Short interest for Great Elm Capital Corp. - 6.75% Notes Due 2025 gives investors a sense of the degree to which investors are betting on the decline of Great Elm Capital Corp. - 6.75% Notes Due 2025's stock. Short interest data is updated every two weeks.

Great Elm Capital Corp. - 6.75% Notes Due 2025 Stock (NASDAQ:GECCM), Short Interest Report

Great Elm Capital Corp. - 6.75% Notes Due 2025

BILL Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) is scheduled to report third-quarter fiscal 2024 results on May 2. 
BILL Holdings&#39; third-quarter fiscal 2024 revenues are projected between $299 million and $309 million, suggesting year-over-year growth of 10-13%. Non-GAAP earnings are expected between 48 cents and 57 cents per share. 
The Zacks Consensus Estimate for revenues is pegged at $304.95 million, suggesting an increase of 11.88% from the year-ago quarter&#39;s reported number. 
The consensus mark for third-quarter fiscal 2024 earnings is pegged at 53 cents per share, unchanged in the past 30 days.
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<h3>BILL Holdings, Inc. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/BILL/price-eps-surprise?icid=chart-BILL-price-eps-surprise"><img alt="BILL Holdings, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/1a/1714487772.png" style="height:299px; width:620px" title="" /> </a>
BILL Holdings, Inc. price-eps-surprise | BILL Holdings, Inc. Quote
</div>
BILL Holdings beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average surprise being 53.47%. 
Let&#39;s see how things have shaped up for BILL prior to this announcement.
<h3>Factors to Note</h3>
BILL Holdings&#39; third-quarter fiscal 2024 performance is expected to have benefited from an expanding small and medium business (ETF:SMB) clientele as well as a diversified business model.&nbsp;
The company&#39;s expanding clientele, which includes the likes of Adyen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/adyey#OTC">ADYEY</a>), is expected to have driven solid traction across small- and medium-scale businesses.&nbsp;
BILL&#39;s partnership with Adyen will enable the latter to enhance advanced acquiring and issuing experiences for BILL&#39;s accounts payable and accounts receivable solutions. Benefits from this partnership are likely to have been reflected in the quarter under review.&nbsp;
Bill&#39;s expanding portfolio to meet the evolving needs of its customers is expected to have been a major growth driver in the to-be-reported quarter.&nbsp;&nbsp;
Strong momentum across its financial operations platform, owing to its BILL Insights and BILL Cash Flow Forecasting solutions for SMBs and accountants, is likely to have been a tailwind.&nbsp;
In the second quarter of fiscal 2024, BILL launched its new integrated platform, which combines its BILL AP and Divvy Spend and Expense Solutions to offer a unified customer experience. The increased adoption of this integrated platform is expected to have contributed to revenue growth as more businesses utilize the platform for their financial operations.&nbsp;
BILL is also leveraging artificial intelligence that makes its solutions easier to use, more automated and predicted. It is working on integrating generative AI in its solutions to enhance customer experience. This is likely to have contributed well in the quarter under review.&nbsp;
Additionally, BILL&#39;s efforts to enrich payment experiences and drive penetration of its ad valorem solutions, such as virtual cards, instant transfers and invoice financing, are expected to have contributed to revenues by capturing more wallet share and increasing payment adoption among its customers and network members.
<h3>What Our Model Says</h3>
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here. 
BILL Holdings currently has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.
<h3>Stocks to Consider</h3>
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases: 
Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) has an Earnings ESP of +2.49% and a Zacks Rank #1. 
Arista Networks&#39; shares have gained 12% year to date. ANET is set to report its first-quarter 2024 results on May 7. 
NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) has an Earnings ESP of +2.50% and a Zacks Rank #2. 
NVIDIA&#39;s shares have gained 203.5% year to date. NVDA is scheduled to release first-quarter fiscal 2025 results on May 22.
<a href="https://www.zacks.com/stock/news/2265385/bill-holdings-bill-to-report-q3-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2265385">To read this article on Zacks.com click here.</a>

Earnings

News

Markets

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BILL Holdings to Report Q3 Earnings: What's in Store?

Qualcomm (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.09%. A quarter ago, it was expected that this chipmaker would post earnings of $2.38 per share when it actually produced earnings of $2.75, delivering a surprise of 15.55%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Qualcomm<yt:no-break-space/>, which belongs to the Zacks Wireless Equipment industry, posted revenues of $9.39 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $9.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.</yt:no-break-space/>
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Qualcomm shares have added about 14.7% since the beginning of the year versus the S&amp;P 500's gain of 5.6%.
What's Next for Qualcomm?
While Qualcomm has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this <a href="https://www.zacks.com/stock/research/QCOM/earnings-calendar" target="_blank">earnings release</a>, the estimate revisions trend for Qualcomm: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see <a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi_1link" target="_blank">the complete list of today's Zacks #1 Rank (Strong Buy) stocks here</a>.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.10 on $8.93 billion in revenues for the coming quarter and $9.55 on $37.67 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Equipment is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Clearfield (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clfd#NASDAQ">CLFD</a>), has yet to report results for the quarter ended March 2024. The results are expected to be released on May 2.
This maker of fiber optic management products is expected to post quarterly loss of $0.53 per share in its upcoming report, which represents a year-over-year change of -179.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Clearfield's revenues are expected to be $31.2 million, down 56.6% from the year-ago quarter.



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   <a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=QCOM&amp;ADID=SYND_BENZ_TCK_TALEOFTAPE_513&amp;cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2266382">QUALCOMM Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>): Free Stock Analysis Report</a>   <a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=CLFD&amp;ADID=SYND_BENZ_TCK_TALEOFTAPE_513&amp;cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2266382">Clearfield, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clfd#NASDAQ">CLFD</a>): Free Stock Analysis Report</a>
<a href="https://www.zacks.com/stock/news/2266382/qualcomm-qcom-q2-earnings-and-revenues-surpass-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2266382">To read this article on Zacks.com click here.</a>
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Small Cap

CLFD

QCOM

Qualcomm (QCOM) Q2 Earnings and Revenues Surpass Estimates

WIIM

IDCC

Interdigital shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 and FY24 adjusted EPS guidance above estimates. Also, a court in Germany awarded the company an injunction against Lenovo.

Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) appears an attractive pick given a noticeable improvement in the company&#39;s earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
Analysts&#39; growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Alphabet, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
Current-Quarter Estimate Revisions
The earnings estimate of $1.84 per share for the current quarter represents a change of +27.78% from the number reported a year ago.
Over the last 30 days, the Zacks Consensus Estimate for Alphabet has increased 9.65% because 12 estimates have moved higher compared to no negative revisions.
Current-Year Estimate Revisions
For the full year, the company is expected to earn $7.46 per share, representing a year-over-year change of +28.62%.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for Alphabet. Over the past month, 14 estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 10.14%.
Favorable Zacks Rank
Thanks to promising estimate revisions, Alphabet currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&amp;P 500.
Bottom Line
Investors have been betting on Alphabet because of its solid estimate revisions, as evident from the stock&#39;s 7.3% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
<a href="https://www.zacks.com/stock/news/2265328/can-alphabet-goog-run-higher-on-rising-earnings-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_8-2265328">To read this article on Zacks.com click here.</a>

Tech

GOOG

Can Alphabet Run Higher on Rising Earnings Estimates?

Investors might want to bet on IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>), as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
A company&#39;s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for IGM Biosciences basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for IGM Biosciences imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for IGM Biosciences
For the fiscal year ending December 2024, this company is expected to earn -$3.23 per share, which is a change of 31.4% from the year-ago reported number.
Analysts have been steadily raising their estimates for IGM Biosciences. Over the past three months, the Zacks Consensus Estimate for the company has increased 18.2%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of IGM Biosciences to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2265299/igm-biosciences-igms-upgraded-to-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2265299">To read this article on Zacks.com click here.</a>

Biotech

General

IGMS

IGM Biosciences Upgraded to Buy: What Does It Mean for the Stock?

<div>DHL Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dhlgy#OTC">DHLGY</a>) announced a key leadership transition in DHL Supply Chain North America on Tuesday, naming Patrick Kelleher North America CEO effective July 1. </div>

Current CEO Scott Sureddin's retirement will take effect Dec. 31 after 20 years at DHL Supply Chain.A press release from the company states that Sureddin has been instrumental in the growth of DHL Supply Chain North America, headquartered in Westerville, Ohio.

"Our North America business has achieved incredible growth thanks to the commitment of Scott Sureddin" said Oscar de Bok, Global CEO of DHL Supply Chain, in the emailed press release. "He will enter his retirement knowing he set a standard of excellence. As we enter this period of transition, Patrick's focus will be to continue our success while exploring new avenues to strengthen our market position in addition to driving our sustainability and digitalization efforts."

As North America CEO, Kelleher will be responsible for managing the business across the U.S. and Canada, along with 52,000 associates. The release notes that he will be prioritizing expansion in key geographical areas – to capitalize on the growing logistics needs in those regions and capture market share. <script type="text/javascript">
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Kelleher has worked for DHL Group since 1992. He has been a strong advocate for change and accelerated growth since he started his role as global chief development officer in 2018. The press release states that his leadership style, customer-centric approach and commitment to results have earned him a good reputation as a strong and engaging leader.

<h2 id="h-other-dhl-group-leadership-changes">Other DHL Group leadership changes</h2>

DHL Group also announced other changes to its global leadership team. Markus Voss will assume the position of global chief development officer for DHL Supply Chain. Sally Miller will be appointed as the division's new global chief information officer, and Mauricio Barros becomes the new global chief operations officer.

In his new capacity as chief development officer, Voss will lead the development of the business unit, additionally overseeing the teams of Service Logistics, Solutions Design, as well as all strategic growth products. Voss will continue to be part of DHL Supply Chain's Global Board of Management.

Miller, who joined the company in 2005, has held various senior management positions throughout her tenure and will be part of the division's Global Board of Management. Barros started his career with the group in Brazil in 2002 and has since held numerous management roles across Latin America, including serving as president of DHL Supply Chain in Brazil. In his new role, Barros will be part of the division's Global Board of Management. <script type="text/javascript">
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The post <a href="https://www.freightwaves.com/news/dhl-supply-chain-announces-new-ceo-for-north-america">DHL Supply Chain announces new CEO for North America</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Events

DHLGY

DHL Supply Chain Announces New CEO for North America

Coinbase Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) is set to report first-quarter 2024 earnings on May 2, after market close. The company delivered an earnings surprise in each of the last four reported quarters. 
Let&#39;s discuss the factors that are likely to be reflected in the upcoming quarterly results. 
Trading volumes in the first quarter are likely to have benefited from increased crypto asset volatility and crypto asset prices, the primary driver of the trading business. The approval of Bitcoin spot ETF is likely to have aided trading volumes. 
The Zacks Consensus Estimate for total trading volume is pegged at 268 million, indicating an improvement of 84.8% from the year-ago reported number. The consensus estimate for total volume - Consumer is pegged at 17.1 million, suggesting a 119.6% increase from the year-ago reported number. The consensus mark for total volume - Institution is pegged at 222 million, up 79% from the year-ago reported number. 
Higher blended average fees for Consumer and Institutional combined with higher trading volumes are likely to have driven an increase in transaction revenues. 
While a prudent mix of simple and advanced trading volume is likely to have aided blended average fee for Consumers, growth in Coinbase Prime volume is expected to have led to a higher blended average fee rate at Institutional. The Zacks Consensus Estimate for transaction revenues is pegged at $714 million, indicating an increase of 90.4% from the year-ago reported figure. 
The Zacks Consensus Estimate for transaction revenue - Consumer is pegged at $343 million, up 104% from the year-ago reported number. The consensus estimate for transaction revenue - Institutional is pegged at $56 million, up 151% from the year-ago reported number
<h3>What Our Quantitative Model Predicts</h3>
Our proven model predicts an earnings beat for Coinbase this time around. This is because it has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) that increases the odds of an earnings beat. 
Earnings ESP: Coinbase&#39;s Earnings ESP is +36.53%. You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.
<div class="chart_embed">
<h3>Coinbase Global, Inc. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/COIN/price-eps-surprise?icid=chart-COIN-price-eps-surprise"><img alt="Coinbase Global, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/53/1714493896.png" style="height:266px; width:543px" title="" /> </a>
Coinbase Global, Inc. price-eps-surprise | Coinbase Global, Inc. Quote
</div>
Zacks Rank: Coinbase currently sports a Zacks Rank #1.
<h3>Other Stocks to Consider</h3>
Here are three securities and exchange stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat: 
Intercontinental Exchange (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ice#NYSE">ICE</a>) has an Earnings ESP of +0.54% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for first-quarter 2024 earnings is pegged at $1.49, indicating a year-over-year increase of 5.7%. 
ICE&#39;s earnings beat estimates in each of the last four reported quarters. 
Cboe Global Markets (BATS: <a class="ticker" href="https://www.benzinga.com/stock/cboe#BATS">CBOE</a>) has an Earnings ESP of +0.35% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter 2024 earnings is pegged at $2.04, indicating an increase of 7.4% from the year-ago reported figure. 
CBOE earnings beat estimates in each of the last four reported quarters. 
MarketAxess (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mktx#NASDAQ">MKTX</a>) has an Earnings ESP of +0.75% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter 2024 earnings stands at $1.85, indicating a decrease of 5.6% from the year-ago reported figure. 
MKTX earnings beat estimates in three of the last four reported quarters while missing in one. 
<a href="https://www.zacks.com/stock/news/2265384/will-higher-trading-volume-aid-coinbase-coin-in-q1-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2265384">To read this article on Zacks.com click here.</a>

Fintech news covering the emerging Financial Technology services sector

Fintech

CBOE

COIN

MKTX

Will Higher Trading Volume Aid Coinbase in Q1 Earnings?

Company is Connecting Parts of 13 Counties to Xfinity and Comcast Business High Speed, Reliable Internet
Comcastannounced it has been selected by the Commonwealth of Pennsylvania, as part of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.broadband.pa.gov%2Fshapiro-administration-invests-204-million-in-federal-funding-to-provide-40000-homes-and-businesses-affordable-and-reliable-high-speed-internet-across%2F&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Broadband+Infrastructure+Program+funded+by+the+Capital+Projects+Fund&amp;index=1&amp;md5=e711f1a2ac59f6879cdcbe8455f7631d">Broadband Infrastructure Program funded by the Capital Projects Fund</a> (CPF), to expand its network across 158 municipalities. The Pennsylvania Broadband Development Authority awarded Comcast more than $61 million to bring gigabit plus speeds to homes and businesses that were previously unserved or underserved with high-speed Internet. As service becomes available, residents and businesses will have access to Comcast's full suite of services, including <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.xfinity.com%2Flearn%2Finternet-service&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Xfinity+Internet&amp;index=2&amp;md5=496b8b4f1ba463343b2f53bd15d42ae3">Xfinity Internet</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.xfinity.com%2Flearn%2Fdigital-cable-tv&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Xfinity+TV+%26amp%3B+Streaming&amp;index=3&amp;md5=cf5472e4070c12da5fdddee33511fc5f">Xfinity TV &amp; Streaming</a>, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.xfinity.com%2Flearn%2Fmobile-service&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Xfinity+Mobile&amp;index=4&amp;md5=a81770d1ff1f65a5ddda48c5e363d08f">Xfinity Mobile</a> as well as <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbusiness.comcast.com%2Flearn%2Finternet&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Comcast+Business+Internet&amp;index=5&amp;md5=1d23e97bd51f70657b89f63a8bd3eb2c">Comcast Business Internet</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbusiness.comcast.com%2Flearn%2Fmobile&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=mobile&amp;index=6&amp;md5=7d2797935ce9c8f1de96278525e97aeb">mobile</a>. Comcast expects these projects will be complete in late 2026.
"We are thrilled to have been selected by the Commonwealth to reach more Pennsylvanians in unserved areas with our superior network while also enabling them to benefit from the power of the Internet and engage in the digital economy," said Ricky Frazier Jr., Senior Vice President, Comcast's Keystone Region which is based in Pennsylvania. "The enthusiasm for our company within these communities has been humbling. There is a strong desire for Xfinity and Comcast Business services and we look forward to meeting that need."
The award, combined with its capital investment, allows Comcast to bring the nation's largest and most reliable network to more residents and businesses in the following 13 counties:
<ul>
<li>Adams County</li>
<li>Beaver County</li>
<li>Berks County</li>
<li>Blair County</li>
<li>Cambria County</li>
<li>Chester County</li>
<li>Cumberland County</li>
<li>Indiana County</li>
<li>Lackawanna County</li>
<li>Luzerne County</li>
<li>Washington County</li>
<li>Wyoming County</li>
<li>York County</li>
</ul>
In addition to the more than $61 million awarded by the state, Washington County, in Western Pennsylvania, committed matching funding to Comcast to extend Internet service for its county residents and businesses.
"We are excited to work together to further Comcast's presence in Washington County," said John Timney, Executive Director, Washington County Authority. "Access to high speed Internet will improve quality of living for our residents, increase property values, and Comcast brings the added benefit of offering Internet Essentials and digital literacy resources for our low income households."
Once construction for the projects is underway, residents and businesses can visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fxfinity.com%2FMyTown&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Xfinity.com%2FMyTown&amp;index=7&amp;md5=9411ed97c6bd53566d446cf99daa7927">Xfinity.com/MyTown</a> and enter their addresses for additional details on timing and future service availability.
With deep roots in Pennsylvania, including corporate headquarters in Philadelphia, Comcast's commitment to the Commonwealth is strong. Over the last several years, Comcast has expanded its network to more than 315,000 additional homes and businesses in Pennsylvania, much of this with its private capital, while also investing nearly $2.4 billion in technology and infrastructure across the state, and offering continued value to customers such as recent <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.comcast.com%2Fpress%2Freleases%2Fcomcast-boosts-speeds-xfinity-internet-customers&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=increased+speeds+for+millions+of+customers+at+no+additional+cost&amp;index=8&amp;md5=1810b071b857c2c9ffa65ef98d436351">increased speeds for millions of customers at no additional cost</a>. Additionally, the company offers more than 156,000 Xfinity WiFi hotspots across Pennsylvania making the network accessible to customers outside of their homes.
Comcast is also deeply committed to advancing digital equity. The company's community partnerships in Pennsylvania have totaled more than $144 million in cash and in-kind contributions to 646 local non-profits over the last three years. This investment also includes 187 <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.comcast.com%2Fimpact%2Fdigital-equity%2Flift-zones&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Lift+Zones&amp;index=9&amp;md5=efa3ba9e00d1bdf2ea67cc4ee14ab6f6">Lift Zones</a> that provide free WiFi service to promote digital learning. Lift Zones are part of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.comcast.com%2Fimpact%2Fproject-up&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Project+UP&amp;index=10&amp;md5=dd364e4eef4132ba8c135e014c717525">Project UP</a>, Comcast's $1 billion commitment to advance digital equity through programs and community partnerships that connect people to the Internet, advance economic mobility, and open doors for the next generation of innovators, entrepreneurs, storytellers, and creators.
Powered by Xfinity
Comcast's network and Internet experience are powering homes today and into the future.
<ul>
<li>Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company's network annually. With the next-generation Xfinity gateways, we deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously.</li>
<li>Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products. Recently Comcast connected the first customers in the world to a DOCSIS 4.0 connection, delivering symmetrical gig speeds over existing connections in customers' homes with plans to continue to rollout these speeds across the country over the coming years.</li>
<li>Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful WiFi Boost Pod that extends coverage to hard-to-reach areas of the home.</li>
<li>Most Reliable Connection: Comcast is scaling the nation's largest and most reliable network that passes 62 million homes and businesses and counting. The company launched <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.comcast.com%2Fpress%2Freleases%2Fcomcast-internet-provider-back-up-connectivity-device-connected-during-storm&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=Storm-Ready+WiFi&amp;index=11&amp;md5=e036dd9fe629abd9055a5e1d6e2fb0ea">Storm-Ready WiFi</a>, a new device that comes powered with cellular and battery backup to help keep customers connected even when the power goes out.</li>
<li>Ultra-Low Latency: The Xfinity network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home.</li>
</ul>
To learn more about Comcast's commitment and contribution to bringing Internet access to all Americans, especially residents and businesses in underserved and unserved locations, visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fcomcastcorporation.com%2Fbroadband-partnerships&amp;esheet=53971122&amp;newsitemid=20240502499553&amp;lan=en-US&amp;anchor=ComcastCorporation.com%2Fbroadband-partnerships&amp;index=12&amp;md5=052ae3f58d185e2192e67cf7741b9d0d">ComcastCorporation.com/broadband-partnerships</a>.

Contracts

CMCSA

Comcast Awarded More Than $61M From The Commonwealth Of Pennsylvania To Expand Network To Homes And Businesses In Pennsylvania

<div>U.S. Customs and Border Protection officers at two California ports seized some 2,300 baby and children's products that authorities say violated child safety standards.</div>

Officers with the Los Angeles and Long Beach Seaport's Merchandise Enforcement Team intercepted four shipments from China in late January and early February, where they discovered "suspicious" items concealed in legitimate cargo, CBP said in a news release on Monday. The concealed items were worth nearly $80,000. 

"CBP is committed to preventing the illegal importation of products that violate U.S. safety standards, as they have the potential to cause harm to children, our most vulnerable consumers" Cheryl Davies, CBP director of field operations in Los Angeles, said in the release. 

The officers found: <script type="text/javascript">
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<ul><li>96 baby walkers.</li>
	<li>216 autism balance chairs.</li>
	<li>492 baby changing tables.</li>
	<li>196 step stools.</li>
	<li>1,296 alphabet toys.</li>
</ul>

Authorities found the products didn't meet requirements to be sold in the United States, including lacking consumer registrations, lacking children's product certificates, failing to meet small parts requirements, and violating the Consumer Product Safety Act and the Federal Hazardous Substances Act.

"This is an exceptional example of our long-standing strategic partnership with [the Consumer Product Safety Commission]" Davies said.

"Federal safety standards and certification requirements are in place for children's products because they save lives" Jim Joholske, director, CPSC's Office of Import Surveillance, said in the release. The Office of Import Surveillance works closely with CBP to identify and examine imported shipments of consumer products. 

In the 2023 fiscal year, officers at the LA/LB Seaport intercepted 344 shipments for violating U.S. health and safety regulations. Some of those shipments contained toys with small parts or lead paint, unsafe highchairs and cribs, and highly flammable clothing.


The post <a href="https://www.freightwaves.com/news/authorities-seize-harmful-baby-childrens-products-at-california-ports">Authorities seize ‘harmful' baby, children's products at California ports</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Authorities Seize 'Harmful' Baby, Children's Products at California Ports

<h4>Key Takeaways:</h4>
<ul>
<li>DPC Dash&rsquo;s revenue grew more than 50% last year, as it ramped up its strong push into second-tier Chinese cities</li>
<li>The exclusive franchisee of Domino&rsquo;s pizza in China aims to double its store count from 768 at the end of last year to more than 1,600 by 2026</li>
</ul>
By Doug Young
DPC Dash Ltd., the exclusive franchisee for Domino&rsquo;s pizza in China, is quickly discovering that in China, there&rsquo;s always growth potential in expanding your footprint to more of the nation&rsquo;s many cities.
The company spent most of its history focused on the mega-cities of Beijing and Shanghai since it began working with Domino&rsquo;s in 2010, catering to more sophisticated palates in China&rsquo;s biggest cities. But like many Western fast-food chains in China, it has more recently discovered a vast untapped goldmine beyond first-tier Chinese cities, which DPC calls &ldquo;new growth markets,&rdquo; where pizza and other Western fare are seen as trendy and even exotic.
The company has begun localizing its senior management since 2017. The appointment of current CEO Aileen Wang, whose resume includes tenure in other global brands like McDonald&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>) China, may explain why DPC Dash has begun pursuing a more aggressive expansion in China in recent years. In addition to being the exclusive franchisee for Mainland China, the company has also extended its coverage to Hong Kong and Macau.
DPC&rsquo;s new growth markets business passed a significant milestone in the second half of last year when it overtook Beijing and Shanghai in terms of its revenue contribution, according to the company&rsquo;s maiden&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0327/2024032701154.pdf">annual results</a>&nbsp;following its Hong Kong IPO in March last year.
The results, also included in its&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0429/2024042900203.pdf">annual report</a>&nbsp;issued this week, showed how such stores in these new growth markets have become some of Domino&rsquo;s global superstars in terms of performance, including remarkably quick store payback periods that would make other restaurant operators&rsquo; mouths water. The company&rsquo;s same-store sales grew at a high single-digital rate last year, versus double-digital growth in the previous two years, and easily continuing with a 26th consecutive quarter of positive same-store sales growth.
Truth be told, pretty much any Chinese fast food chain operator would be quite pleased to submit a report like DPC&rsquo;s to its shareholders. Major highlights included 51% revenue growth last year to 3.05 billion yuan ($422 million), as well as the company&rsquo;s first annual profits. Its full-year net profit of 2.28 million yuan marked a major shift from a 201 million yuan loss a year earlier. It was also profitable on an adjusted basis, which typically excludes employee stock-based compensation and one-time listing expenses, reporting an 8.78 million yuan profit on that basis versus a 114 million yuan loss a year earlier.
The strong growth came as DPC Dash opened 180 new stores last year, boosting its total count by 31% during the year to 768 by the end of 2023. It opened another 67 stores in this year&rsquo;s first quarter, putting it on course to open 240 stores for all this year. The company now operates in 33 cities since starting its expansion, including recent entries to Taizhou, Jinhua, and Huizhou, and has previously laid out a roadmap to operate more than 1,600 stores in China by the end of 2026.
It can expand that quickly by using its relatively small store formats and heavy emphasis on delivery orders that are Domino&rsquo;s signature. It also relies on a centralized kitchen model, which includes facilities in its main three regions of East, South and North China, with plans to open a fourth in the city of Wuhan before the end of the year to serve Central and Western China. The company also intends to relocate and upgrade the central kitchen in the northern region to accommodate growing demand.
&ldquo;We believe our consistent success in newly entered cities and the overall strong performance in the newly opened stores in 2023 is a strong testimony of the growing consumer recognition of our high-quality pizzas and outstanding services, as well as Domino&rsquo;s Pizza&rsquo;s brand strength and brand momentum in China,&rdquo; DPC said in the report.
<h3>Deep Dive Into Second-Tier China</h3>
From those big-picture numbers, we&rsquo;ll take a deeper dive into the data that shows just how lucrative smaller city stores have become for DPC. The company pointed out that its stores hold the top 19 spots for Domino&rsquo;s global best performers in terms of sales during their first 30 days. Nearly all of those record-holders are from the new growth markets.
With such strong sales, at least initially, it shouldn&rsquo;t come as a huge surprise that those smaller-city stores can also recoup their investment quite quickly. DPC said the 48 new stores it opened in six cities it entered in the first half of last year had an average payback period of just nine months &ndash; far less than the two to five years usually required for many fast-food restaurants worldwide.
And while average daily sales per store in Beijing and Shanghai fell slightly last year, even while showing an increasing trend since 2020, the figure for new growth markets rose 51% over the same period as those newer stores gained traction. As a result, such smaller-city stores generated an average of 12,285 yuan in daily sales last year, up sharply from 9,009 yuan a year earlier and quickly approaching the 12,881 yuan in average daily sales last year for stores in Beijing and Shanghai.
The company&rsquo;s new growth market store count officially passed the figure for Beijing and Shanghai in the first half of last year, accounting for 54% of its total by the end of last year.
In an interesting twist, diners in those smaller markets are far more likely to dine in the company&rsquo;s basic restaurants or pick up their own orders, with only 42% using the company&rsquo;s delivery services. That&rsquo;s well behind the 76% of all orders that were deliveries in Beijing and Shanghai, and could reflect a preference for in-restaurant dining in these smaller markets where pizza is seen as more exotic and part of a dining-out experience.
While the numbers were generally quite rosy, we should also note that given the strong same-store sales growth in the past, especially during Covid, DPC&rsquo;s same-store sales growth slowed to 8.9% last year from 14.4% in 2022 and 18.7% in 2021, which probably partly reflects a return to people eating out more in the post-pandemic era. Still, even 8.9% growth is comparable and even slightly ahead of same-store sales gains over that time for other names like&nbsp;Yum China&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) and&nbsp;TH International&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thch#NASDAQ">THCH</a>), operators of the Pizza Hut and Tim Hortons chains in China, respectively.
DPC Dash&rsquo;s shares rose as much as 63% after the IPO last March as investors ate up its strong growth story. They&rsquo;ve given back some of those gains since then, but still trade about 15% above the IPO price of HK$46. At that level the company&rsquo;s stock leads its peers with a price-to-sales (P/S) ratio of about 2, higher than the 1.48 for Yum China and well ahead of TH International&rsquo;s 0.77 and the 0.58 for Japanese noodle chain operator&nbsp;Ajisen (China)&nbsp;(0538.HK).
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Penny Stocks

THCH

YUMC

DPC Dash Bakes Up Hot Growth In Drive To More Cities

NTGR

NETGEAR shares are trading lower after the company reported Q1 financial results.

ACHC

Acadia Healthcare shares are trading lower after the company reported worse-than-expected Q1 revenue results.

Retail technology company&nbsp;Diebold Nixdorf Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBD#NYSE">DBD</a>) reported first-quarter FY24 sales growth of 4.3% year-on-year to $895.40 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38577435/diebold-nixdorf-reports-2024-first-quarter-financial-results" rel="noreferrer noopener">beating the analyst consensus estimate of $875.65 million</a>.
Banking revenue increased 9.4% to $648.8 million, and Retail revenue declined 7% to $246.6 million.
The gross profit fell 0.3% to $208.6 million&nbsp;and&nbsp;the gross margin contracted 110 basis points to 23.3%.
Operating income for the quarter was $23.8 million against a loss of $(2.1) million. Operating margin expanded 290 basis points to 2.7%.
EPS of $(0.39)&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus estimate of $0.23.</a>
Adjusted EBITDA jumped 62.2% to $103.3 million with a margin of 11.5%. Diebold held $407.3 million in cash and equivalents as of March-end.
&#8220;We are off to a solid start in 2024. We reported strong results during the first quarter, showing good progress on our financial and operational priorities to expand gross margin and free cash flow. This resulted in another quarter of improved profitability and free cash flow conversion compared to the prior-year period,&#8221; said President and CEO Octavio Marquez.
Outlook: Diebold reaffirmed FY24 revenue guidance of low single-digit growth.
The company sees adjusted EBITDA of $410 million &#8211; $435 million and a free cash flow conversion of 25%.
Price Action: DBD shares are trading higher by 9.11% at $34.00 at&nbsp;the last check Thursday.

Equities

Guidance

Movers

Why Is Retail Technology Company Diebold Nixdorf's Stock Jumping Today?

FTDR

Frontdoor shares are trading higher after the company reported better-than-expected Q1 financial results.

TIM to integrate Oracle Cloud Infrastructure into its managed cloud services
Agreement will enable public and private sector organizations to take advantage of OCI's high performance, built-in security, powerful data and AI, as well as distributed and sovereign cloud capabilities
TIM to host Oracle's second cloud region in Italy in its network of datacenters
MILAN and AUSTIN, Texas, May 2, 2024 /PRNewswire/ -- Oracle and TIM today announced a collaboration to support the increasing demand for cloud services in Italy from public and private sector organizations. As part of the agreement, TIM's business unit dedicated to businesses and the public sector, TIM Enterprise, will integrate <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=3838737370&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2F&amp;a=Oracle+Cloud+Infrastructure">Oracle Cloud Infrastructure</a> (OCI) into its portfolio. In addition, TIM will become the host partner for Oracle's second planned cloud region in Italy, which will be located in Turin and hosted in TIM Group's reliable, next-generation datacenter.
Part of Oracle's <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=4186197701&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2Fdistributed-cloud%2F&amp;a=distributed+cloud">distributed cloud</a>&nbsp;strategy, the upcoming Oracle Cloud Turin Region will provide public and private sector organizations access to a wide range of cloud services to migrate all types of workloads from their data centers to OCI, modernize their applications, and innovate with data, analytics, and AI. Oracle is the only hyperscaler capable of delivering AI and a full suite of 100+ cloud services across dedicated, public, and hybrid cloud environments, anywhere in the world. This includes <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=3086865857&amp;u=https%3A%2F%2Fwww.oracle.com%2Fautonomous-database%2F&amp;a=Oracle+Autonomous+Database">Oracle Autonomous Database</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=2712632357&amp;u=https%3A%2F%2Fwww.oracle.com%2Fmysql%2F&amp;a=MySQL+HeatWave+Database+Service">MySQL HeatWave Database Service</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=2249827382&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2Fcloud-native%2Fcontainer-engine-kubernetes%2F&amp;a=Oracle+Container+Engine+for+Kubernetes">Oracle Container Engine for Kubernetes</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=1616262463&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2Fcompute%2Fvmware%2F&amp;a=Oracle+Cloud+VMware+Solution">Oracle Cloud VMware Solution</a>, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=2482330993&amp;u=https%3A%2F%2Fwww.oracle.com%2Fartificial-intelligence%2Fgenerative-ai%2Fgenerative-ai-service%2F&amp;a=OCI+Generative+AI+service">OCI Generative AI service</a>, and&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=1325155418&amp;u=https%3A%2F%2Fwww.oracle.com%2Fai-infrastructure%2F&amp;a=AI+infrastructure">AI infrastructure</a>.
With the new cloud region in Turin and the existing Oracle Cloud Milan Region, Oracle will enable customers in Italy to both enhance their business continuity by replicating workloads to distributed locations, while helping address their digital sovereignty and compliance requirements by keeping replicated data in Italy. The upcoming Turin region will be collocated in one of the datacenters in TIM Enterprise's network of 16 datacenters in Italy, which has been developed to the highest technological, security, and environmental standards, and proven to meet the requirements of public and private sector organizations.
"We are pleased to be working with Italy's leading telecommunications provider to bring OCI to public and private sector organizations and support their migration to the cloud,"&nbsp;said Richard Smith, executive vice president and general manager, EMEA Cloud Infrastructure, Oracle. "By adding OCI to its robust cloud service offerings, TIM Enterprise will be able to provide a cloud platform used by customers all over the world to run their most mission-critical workloads in the cloud. In addition, with the upcoming second cloud region in Italy, we are reaffirming our commitment to helping Italian organizations of all sizes and industries accelerate the adoption of AI and other innovative technologies."
"Our collaboration with Oracle is an important milestone for TIM Enterprise and reinforces our commitment to providing innovative, sustainable and secure cloud solutions to public and private sector organizations in Italy," said Elio Schiavo, chief enterprise &amp; innovative solutions officer, TIM. "Our cloud proposition is enriched by the major global players in the industry and is a strong foundation for our future growth in a highly strategic sector for the country. Oracle's selection of our datacenter network to support its new cloud region is testament to the absolute excellence of our infrastructure, which is unique in the Italian market in terms of its reach and performance."&nbsp;
As part of the agreement, TIM Enterprise will offer OCI services to its public and private sector customers across the region, leveraging its long-standing experience in helping customers in any industry migrate their mission-critical workloads to the cloud.&nbsp;With built-in security, superior performance, high availability, and lower cost, these services are designed to support mission-critical and cloud-native workloads in large public and private sector environments.&nbsp;
As part of the collaboration, TIM will also use OCI to migrate some of the Group's internal applications to the cloud.

ORCL

Reported Earlier, Oracle And TIM Collaborate To Accelerate Cloud Adoption In Italy

Oracle AI Vector Search allows documents, images, and relational data that are stored in mission-critical databases to be easily searched based on their conceptual content
Generative AI can now be used to ask natural language questions about private data stored in Oracle databases
AUSTIN, Texas, May 2, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156610-1&amp;h=441036315&amp;u=https%3A%2F%2Fwww.oracle.com%2Fdatabase%2F&amp;a=Oracle+Database+23ai">Oracle Database 23ai</a>, the latest release of Oracle's converged database, is now generally available as a broad range of cloud services. This long-term support release includes Oracle AI Vector Search and more than 300 additional major features focused on simplifying the use of AI with data, accelerating app development, and running mission-critical workloads. The new AI Vector Search capabilities enable customers to securely combine search for documents, images, and other unstructured data with search on private business data, without moving or duplicating it. Oracle Database 23ai brings AI algorithms to where the data lives, instead of having to move the data to where the AI algorithm lives. This allows AI to run in real-time in Oracle databases, and greatly improves the effectiveness, efficiency, and security of AI.
Oracle Database 23ai is available in <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156610-1&amp;h=2426602005&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2F&amp;a=Oracle+Cloud+Infrastructure+(OCI)">Oracle Cloud Infrastructure (OCI)</a> on Oracle Exadata Database Service, Oracle Exadata Cloud@Customer and Oracle Base Database Service, as well as on Oracle Database@Azure.
"Oracle Database 23ai is a game changer for enterprises worldwide, and because of the importance of the breakthrough AI technology in this release, we are renaming it to Oracle Database 23ai," said Juan Loaiza, executive vice president, Mission-Critical Database Technologies, Oracle. "AI Vector Search combined with new unified development paradigms and mission-critical capabilities makes it simple for developers and data professionals to build intelligent apps, increase developer productivity, and run mission-critical workloads."
"We are happy to see AI Vector Search added to Oracle Database," said Shinichiro Otsuka, NRI Certified IT Architect, Nomura Research Institute, Ltd. "We appreciate that we can run AI Vector Search in the same Oracle Database as our other workloads, which allows us to provide a reliable and secure solution."
New capabilities in Oracle Database 23ai include:
AI for Data
<ul>
<li>Oracle AI Vector Search:&nbsp;Makes it simple for customers to search documents, images, and relational data based on their conceptual content rather than specific words, pixels, or data values. AI Vector Search makes it possible for LLMs to query private business data using a natural language interface and helps LLMs provide more accurate and relevant results.&nbsp;In addition, AI Vector Search allows developers to easily add semantic search capabilities to both new applications and existing applications. All the mission-critical features of Oracle Database now work transparently with AI vectors, enabling Oracle customers to run AI Vector Search for even their most mission-critical applications. By storing and processing business and vector data in the same high-performance database, customers can seamlessly integrate AI Vector Search into existing business applications to implement new and innovative AI use cases—without compromising data security.</li>
<li>Oracle&nbsp;Exadata System Software 24ai: Exadata smart storage accelerates AI Vector Search by up to orders of magnitude. This enables applications to run AI Vector Search for both large volumes of data and high numbers of users.</li>
<li>OCI GoldenGate 23ai:&nbsp;GoldenGate enables heterogeneous data integration and high availability across cloud data stores. GoldenGate 23ai delivers new capabilities that allow vectors to be replicated in real-time across heterogeneous vector stores. It also allows enterprises to quickly bring AI to all their data with minimal risk by replicating data from their existing databases to Oracle Database 23ai where it can be vectorized and indexed for fast AI search.</li>
</ul>
Accelerating App Development
<ul>
<li>JSON Relational Unification:&nbsp;JSON Relational Duality addresses the mismatch between how some applications want to use data versus how relational databases store data. Developers have been able to read and write relational data using SQL for decades. Now they can also use JSON to easily retrieve and store the same data using REST or native JSON APIs without compromising the data consistency, storage efficiency, and flexibility inherent in the relational data model. With JSON Relational Duality Views, developers and customers no longer have to choose a single data model for their data. They get the benefits of both the JSON and relational data models on the same data.</li>
<li>Graph Relational Unification:&nbsp;Operational Property Graph enables developers to easily build applications that navigate the connections between and within data using property graph queries. Property Graph queries can run on top of all types of data supported by Oracle Database including relational data, JSON data, and spatial data. Developers can define a graph model directly on operational data and query the graph using the new ISO standard SQL/PGQ syntax. This makes it easier and faster to create applications that analyze the connections, patterns, and relations between data such as between multiple financial transactions.</li>
<li>Free Developer Databases:&nbsp;Always Free Autonomous Database provides two free Autonomous Database Serverless instances in the cloud for an unlimited time, with pre-integrated tools including Oracle APEX, Select AI, Database Tools, Machine Learning, and Graph. The Autonomous Database Free container image and Oracle Database Free now support Oracle Database 23ai, enabling developers to easily download and try the newest features, including AI Vector Search, JSON Relational Duality, and Operational Property Graph with SQL.</li>
</ul>
Mission-Critical Data
<ul>
<li>Oracle Globally Distributed Database with RAFT: Oracle Globally Distributed Database allows data in the cloud to be stored across multiple physical databases in multiple locations instead of one database while exposing a single database image to applications. It is used to achieve hyperscale and to help address data residency and data sovereignty requirements. Now,&nbsp;RAFT replication between the physical databases enables automatic failover with zero data loss in single digit seconds. This is critical when building cloud-scale distributed databases that must achieve ultra-high scalability and availability. Integrating replication inside the database with the RAFT-based protocol simplifies the creation and administration of fault-tolerant distributed databases and reduces the need for manual processes to maintain active-active availability.</li>
<li>Oracle True Cache:&nbsp;True Cache is an in-memory, always consistent, application transparent, high-performance middle-tier cache. Oracle True Cache improves application response times while reducing the load on database servers. Unlike other mid-tier caches, True Cache data is automatically kept transactionally consistent at every point-in-time. True Cache does not require developers to write code to populate and manage the data in the cache, which makes it easy to deploy between applications and the database. True Cache brings the rich functionality of Oracle Database to mid-tier caches. All Oracle SQL, JSON, and Graph query capabilities are available in True Cache.</li>
<li>In-Database SQL Firewall:&nbsp;Oracle SQL Firewall helps protect databases against unauthorized SQL, including SQL injection attacks.&nbsp;Built into Oracle Database 23ai, Oracle SQL Firewall provides a scalable, performant, and difficult-to-bypass way to address risks from hackers and compromised insider accounts.&nbsp;In addition, organizations can use Oracle Data Safe to manage multiple SQL firewalls to dramatically reduce the cost of deployment.</li>
</ul>
"The rise of generative AI has seen a renewed emphasis on vector databases as a highly efficient means of searching data, both in unstructured and structured sources. However, as we know from experience, isolated databases become yet another data resource to manage and keep synchronized," said Carl Olofson, research vice president, Data Management Software, IDC. "With the need to fine tune LLMs with business data using RAG techniques, out-of-date data is not acceptable. Oracle Database 23ai aims to solve this problem by enabling the coordination of vectors with customer's data using AI Vector Search. It provides an integrated set of functionality customers need to ground their generative AI, keeping the content current and relevant as they move from projects to production, leveraging all the advances inherent in the database. With generative AI innovations in Oracle Database 23ai, and specifically with AI Vector Search, Oracle has given customers a great leap forward, providing an all-in-one solution."

Oracle Database 23ai Brings The Power Of AI To Enterprise Data And Applications

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