Tag: Hits

Spirit Technology hits new highs as Superloop narrows net loss

Spirit Technology, the company formerly known as Spirit Telecom, reported record results for the six months to December 31.

Total revenue for the company was up 253% to AU$44 million compared to the same time last year, while earnings before interest, tax, depreciation, and amortisation (EBITDA) spiked 320% to AU$2.6 million, and net profit shifted from a AU$700,000 loss to a positive AU$500,000.

The company’s revenue number consisted of AU$21 million from recurring revenue and AU$22 million allocated as solution and project revenue. The former was up 246% year-on-year and the latter increased by 132%.

Of its recurring revenue, data

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Radar technology key for NOAA’s hurricane forecasts hits setback

The $70 million funding bid over five years failed because of flaws in NCAR’s proposal, according to two senior NOAA officials who spoke on the condition of anonymity because they were not authorized to speak on grant decision-making.

The decision follows the busiest hurricane season on record, when communities were ravaged by rapidly intensifying storms, which are difficult to forecast and are increasingly common in a warming world.

The radar, known as airborne phased-array radar or APAR, would be mounted on aircraft and flown into storms, scanning hurricanes and other storms in all directions.

Compared with the current generation of

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L&T Technology Services stock hits all-time high on winning $100-million order

L&T Technology Services stock hits all-time high on winning $100-million order

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L&T Technology Services stock hits all-time high on winning $100-million order

L&T Technology Services’ share price touched a 52-week high of Rs 1,890, rising 2% in early trade on Thursday after the company won a multi-year order.

The company in a press release announced that it has been selected by a global O&G major to be the primary engineering partner to support two of their integrated refining and chemicals manufacturing facilities in the USA. This would be a multi-year engagement with a potential value of more than USD 100 million, the filing added.

L&T Technology Services

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Technology ETF (XNTK) Hits New 52-Week High

For investors seeking momentum, SPDR NYSE Technology ETF XNTK is probably on radar. The fund just hit a 52-week high, and is up about 60% from its 52-week low price of $61.25/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

XNTK in Focus    

This product provides exposure to purely electronics-based technology companies. It has key holdings in semiconductors, Internet & direct marketing retail, application software and systems software. The product charges 35 basis points

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