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Elior’s Adjusted EBITDA Soars 183% in FY2024, Outperforming Analyst Expectations

Elior ELIOR.PA, a French food caterer, exceeded market expectations with an impressive 183% increase in adjusted core profit for the year ended Septem

Elior ELIOR.PA, a French food caterer, exceeded market expectations with an impressive 183% increase in adjusted core profit for the year ended September 2024. Its adjusted EBITDA surpassed analyst projections of 162 million euros, rising from 59 million euros the year before to 167 million $176.84 million. Through strategic restructuring, the business could eliminate contracts that were losing money. For fiscal 2025, Elior projects a 3% to 5% increase in organic revenue, an adjusted EBITDA margin above 3%, and net debt at 3.5 times its core profit. Additionally, the business affirmed its mediumterm goals, indicating sustained success. Read More..

B2B Tech News | 2 months ago      

Paytm Enables UPI Payments at Select Global Destinations, Including UAE, Singapore, and France

The parent firm of Paytm, One97 Communications Limited OCL, declared on 19 November 2024 that its users can now make UPI payments at a few overseas lo

The parent firm of Paytm, One97 Communications Limited OCL, declared on 19 November 2024 that its users can now make UPI payments at a few overseas locations. With this functionality, Indian tourists can use the Paytm app to make cashless purchases in countries like the UAE, Singapore, France, Mauritius, Bhutan, and Nepal that use UPI. When a user scans a UPIenabled QR code overseas, the Paytm app instantly initiates activation. Users must link their bank account to activate UPI International. The service provides transparency on foreign exchange rates and conversion fees and flexibility in usage periods ranging from one to ninety days. This service, which reflects Paytms dedication to innovation in mobile payments, seeks to make foreign travel more convenient and secure. Read More..

B2B Tech News | 2 months ago      

Qualcomm Optimistic About Growth Despite Tariff Concerns Under Incoming Trump Administration

Notwithstanding worries about U.S. tariffs on China, where it gets almost half of its sales, Qualcomm is upbeat about its chances under the new Trump

Notwithstanding worries about U.S. tariffs on China, where it gets almost half of its sales, Qualcomm is upbeat about its chances under the new Trump administration. Citing robust demand for its automotive processors, CEO Cristiano Amon voiced confidence in Qualcomms capacity to compete in China. By anticipating $22 billion from industries including laptops, cars, and IoT over the next five years, the corporation is expanding its sources of income. In addition to aiming for growth in PCs, augmented reality, and industrial IoT, Qualcomm anticipates $8 billion in revenue from automotive chips by 2029. Qualcomm is still committed to longterm growth despite obstacles, such as dwindling business with Apple, and a sizable portion of its revenue still comes from smartphone chips. Read More..

B2B Tech News | 2 months ago      

Bitcoin Hits Record High Above $94,000 Amid Trump Medias Talks with Bakkt

News that Donald Trumps social media company, Trump Media and Technology Group, is purportedly in talks to acquire cryptocurrency trading platform Bak

News that Donald Trumps social media company, Trump Media and Technology Group, is purportedly in talks to acquire cryptocurrency trading platform Bakkt drove Bitcoin to a record high above $94,000. This transaction is anticipated to herald a more lenient regulatory framework for cryptocurrencies under a prospective Trump administration. As of Wednesday, the value of Bitcoin has more than quadrupled this year, hitting $92,104. Reports of the transaction and hope for the introduction of options trading for BlackRocks Bitcoin ETF have increased interest in the cryptocurrency. Since the U.S. election on 5 November, the market mood has improved, and the value of the global cryptocurrency market has surpassed $3 trillion. Read More..

B2B Tech News | 2 months ago      

Australia Raises Alarm Over Cybersecurity Threats to Critical Infrastructure

Over 11% of incidents last year targeted vital industries like gas, water, power, education, and transportation, prompting Australia to express alarm

Over 11% of incidents last year targeted vital industries like gas, water, power, education, and transportation, prompting Australia to express alarm about the growing cybersecurity threats to crucial infrastructure. Of these attacks, phishing accounted for 25%, followed by bruteforce efforts 15% and publicfacing interface exploitation 21%, according to the Australian Signals Directorate. Statesponsored actors have become more dangerous, according to Defence Minister Richard Marles, who blames nations like China, Russia, and Iran for cyberattacks. The research focused on Chinas developing cyber strategies that go beyond typical espionage and try to preposition for disruptive impacts. Beijing, which has maintained its position against hacking foreign systems, has refuted these accusations. Australias emphasis highlights the growing threats to the worlds vital infrastructure. Read More..

B2B Tech News | 2 months ago      

Palo Alto Networks Patches Two Critical ZeroDay Vulnerabilities in PANOS

After indications of active exploitation, Palo Alto Networks PAN has published remedies for two severe zeroday vulnerabilities that affect PANOS. With

After indications of active exploitation, Palo Alto Networks PAN has published remedies for two severe zeroday vulnerabilities that affect PANOS. With a severity rating 9.3, the first vulnerability allows attackers to turn off device authentication using the xpanauth check header in HTTP requests. It is an authentication bypass in the management web interface. The second vulnerability, rated 6.9, is a privilege escalation problem that lets attackers use specifically constructed PHPbased requests to obtain root access. PAN has advised customers to immediately deploy the updates and restrict public internet access to administrative interfaces. Even though there hasnt been much exploitation, postexploitation has involved interactive command execution and malware dissemination. There are still more than 6,600 PANOS devices in use worldwide, most of which are in Asia and North America. Read More..

B2B Tech News | 2 months ago      

Microsoft Unveils Custom Chips to Boost AI and Data Security at Ignite Conference

At its Ignite conference, Microsoft introduced two new infrastructure chips to improve data security in its data centres and boost AI operations. Begi

At its Ignite conference, Microsoft introduced two new infrastructure chips to improve data security in its data centres and boost AI operations. Beginning next year, all new servers will have the first chip, Azure Integrated HSM, installed to protect encryption and sensitive security information. Using three times less power and providing four times the performance of existing technology, the second, a Data Processing Unit DPU, combines server components onto a single chip to optimise cloud storage workloads. Microsofts plan to lessen its dependency on Intel and Nvidia by creating bespoke silicon aligns with this aim. The company also devised a sophisticated liquid cooling solution to enhance server efficiency and facilitate largescale AI installations. Read More..

B2B Tech News | 2 months ago      

Apple Releases Updates to Address ZeroDay Vulnerabilities in macOS and iOS

Updates for iOS, iPadOS, macOS, visionOS, and Safari have been released by Apple to fix zeroday vulnerabilities that are actively exploited on Intelba

Updates for iOS, iPadOS, macOS, visionOS, and Safari have been released by Apple to fix zeroday vulnerabilities that are actively exploited on Intelbased macOS systems. Googles Threat Analysis Group TAG found vulnerabilities in WebKits cookie management mechanism, which might allow crosssite scripting XSS attacks, and JavaScriptCore, which could allow arbitrary code execution through malicious web content. Apple has advised consumers to improve security by updating their Macs, iPhones, and iPads as soon as possible. Earlier this year, in January and March, Apple fixed similar vulnerabilities this is the most recent in a series of zeroday patches. The prompt reaction emphasises the significance of frequent updates and the continuous risks to device security. Read More..

B2B Tech News | 2 months ago