Wednesday 30 July 2014

FLIPKART , TWITTER , DELIVERY PICKS

Where Dreams Come True.....

For Flipkart, India’s largest internet company by estimated market value, billions seem to be multiplying fast. Soon after announcing a $1-billion fundraising, the biggest so far by an e-commerce company in the country, Flipkart founder & Chief Executive Sachin Bansal on Tuesday said the next target for his company was entering the $100-billion valuation club.

That might appear a grand ambition for a company whose estimated valuation after its latest round of funding is $7 billion, but Bansal is sure about it. He, however, does not give a timeframe: “The $100-billion valuation goal could be achieved in five, 10 or 15 years,” he says, in a matter-of-fact way.

“India is set to have many $100-billion companies and Flipkart could be one of those. We are ready to do what it takes,” Bansal says, describing the aspiration of Flipkart, an online bookstore that he had co-founded along with Binny Bansal seven years ago.

Twitter jumped sharply on Tuesday after the social media company easily topped earnings and revenue expectations.

The firm posted earnings of 2 cents a share, ex-items, compared to a loss of 12 cents a share, ex-items, in the year-ago period. The company also reported a revenue of $312 million, an increase of 124 percent year-over-year. Shares popped following the earnings report.

Analysts had expected Twitter to report a loss of a penny a share on $283 million in revenue, according to a consensus estimate from Thomson Reuters.

Monthly average users grew 24 percent year-over-year to 271 million, as of June 30, 2014, the firm said in a release.

Ad revenue increased 129 percent year-over-year, to a total of $277 million, of which 81 percent came from mobile advertising.

The company added that it expects to post sales of between $ 1.31 billion and $1.33 billion in its fiscal full year, beating Wall Street expectations.