The announcement on Noviello’s departure was made as the company stated it outperformed profit and revenue estimates in the last quarter
The company said it would continue to focus on growing its middle-market businesses.
Employee productivity is closely linked to organizational revenue. But how much revenue should each employee be expected to generate?
Despite surging sales and cash flow, company spending on capex continues to lag.
The natural products maker reported that it did not have to make material changes to its previously reported financial statements.
Research suggests a correlation between market sensitivity to financial results and reported revenue in the following quarter.
Q1 revenue fell 4% but the company says such fluctuations are to be expected as it focuses on growing gross profit.
Q1 revenue beat estimates but operating profit fell 2.4% as UPS spent heavily to accommodate e-commerce delivery with new facilities and services.
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
CFO Robynne Sisco explains the reasons the company opted, unlike all but a few others, to be an early adopter of the new revenue recognition standard.
Top-performing organizations spend just one quarter of what the poorest-performing organizations spend on total process cost.
"There isn't a growth story here," an analyst says. "They have to convince advertisers they will reach an expanding audience.”
