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upGrad Achieves 30% YoY Revenue Growth; EBITDA & PAT Loss drops by 50%

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MUMBAI, India, Dec. 16, 2024 /PRNewswire/ — One of Asia’s largest Skilling & Forever learning majors upGrad recorded for FY’24 a Gross Revenue of INR 1876 Cr – which post Ind-AS accounting closed at a total Income of INR 1547 Cr, with a carried forward unrecognized but collected advance revenue into future years of INR 507 Cr.

Ind-AS EBITDA loss (excluding one-time costs) came in at INR 202 Cr vs INR 558 Cr the previous year and post one-time costs EBITDA loss closed at INR 285 Cr, 50% less than the previous year. Ind-AS negative PAT came in at INR 560 Cr vs negative INR 1142 Cr the previous year. 

The PAT negative of INR 560 Cr includes INR 243 Cr in non-cash items. Revenue growth was achieved with minimal increases in People, Marketing, and Delivery costs (see chart below), while making higher investments in Technology and Product development to drive future growth.

With almost a 50% YoY increase in learner enrollments within the consumer segment, the skilling giant has achieved over 55,000 career transitions for the second consecutive year, building further on the momentum established in FY23. Marketing, Data and Tech domains remained the top hiring domains during the year with maximum placements across Mumbai, New Delhi, Bengaluru, and Chennai, while Karnataka, Telangana, and Tamil Nadu regions have also remained talent-attracting markets.

AI became one of the strongest growth levers with close to 20% of total revenue stemming from AI and Tech courses, further making it one of the largest integrated AI-led skilling portfolios available in India and SE Asia. The Enterprise clientele grew by 50% since last year with major global partners across GCCs, Automobile, ITes, BFSI, Manufacturing and Services coming from US, UK, and Europe.

“It’s been a good consolidation year for us – we integrated core business operations and entities to drive efficient and scalable outcomes. We’re tracking FY25 very closely and expect stronger growth and profitability. We are well-capitalized, have zero net debt, and continue to generate a strong ROCE. upGrad’s integrated model is playing out very well as we straddle all aspects of formal and informal online learning & skilling for higher education and working professionals. Our Enterprise business is now a meaningful part of our current and future growth, as our international expansion – including key markets like North America and EMEA, continues to build on our vision of upGrad for the world, out of India,” said Mayank Kumar, Co-founder, upGrad.

About upGrad

Started in 2015, upGrad is one of Asia’s largest integrated Learning, Skilling, and Workforce Development majors offering a range of online & hybrid skilling programs, Certifications, and Bootcamps under its B2C portfolio. It also facilitates top Indian and global universities to offer their Diploma, Master’s and Executive Doctorates. Additionally, select programs are tailored for Enterprise clients under the corporate skilling division, along with other recruitment and staffing services.

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Logo: https://mma.prnewswire.com/media/2033521/upGrad_Logo.jpg 

 

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OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS

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ROANOKE, Va., Dec. 20, 2024 /PRNewswire/ — Optical Cable Corporation (Nasdaq GM: OCC) (“OCC®”) today announced that it will release its fourth quarter and fiscal year 2024 results on Monday, December 23, 2024. The fourth quarter and full year results are for the three-month and twelve-month periods ended October 31, 2024. The Company will also host a conference call on Monday, December 23, 2024, at 10:30 a.m. Eastern Time.

Individuals wishing to participate in the conference call should call (800) 445-7795 in the U.S. or (785) 424-1699 internationally, Conference ID: OCCQ424. For interested individuals unable to join the call, a replay will be available through Monday, December 30, 2024, by dialing (800) 839-7414 or (402) 220-6068. The call will also be broadcast live over the internet and can be accessed by visiting the investor relations section of the Company’s website at www.occfiber.com.

As in the past, OCC will answer questions from analysts and fund investors during the conference call. OCC also invites individual investors to submit questions in advance of the conference call. Questions should be submitted in writing to occ-jfwbk@joelefrank.com by 9:00 a.m. Eastern Time on Monday, December 23, 2024.

Company Information

Optical Cable Corporation (“OCC®”) is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market and various harsh environment and specialty markets (collectively, the non-carrier markets) and also the wireless carrier market, offering integrated suites of high-quality products which operate as a system solution or seamlessly integrate with other components.

OCC® is internationally recognized for pioneering innovative fiber optic and copper communications technologies, including fiber optic cable designs for the most demanding environments and applications, copper connectivity designs to meet the highest data communication industry standards, as well as a broad product offering built on the evolution of these fundamental technologies.

OCC uses its expertise to deliver cabling and connectivity products and integrated solutions that are best suited to the performance requirements of each end-user’s application. And OCC’s solutions offerings cover a broad range of applications—from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications, as well as for the wireless carrier market.

Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing and warehouse facilities located in Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas. OCC’s facilities are ISO 9001:2015 registered and its Roanoke and Dallas facilities are MIL-STD-790G certified.

Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, and associated logos are trademarks of Optical Cable Corporation.

Further information about OCC® is available at www.occfiber.com.

AT THE COMPANY: 

Neil Wilkin                                                     

Tracy Smith

Chairman, President & CEO                         

Senior Vice President & CFO

(540) 265-0690                                               

(540) 265-0690

investorrelations@occfiber.com                     

investorrelations@occfiber.com  

AT JOELE FRANK, WILKINSON BRIMMER KATCHER:

Aaron Palash   

Spencer Hoffman

(212) 355-4449 ext. 8603   

(212) 355-4449 ext. 8928

occ-jfwbk@joelefrank.com 

occ-jfwbk@joelefrank.com

 

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SOURCE Optical Cable Corporation

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JOSH BERMAN JOINS ASSEMBLY AS EVP, ASSEMBLY LEAD IN NORTH AMERICA

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Strategic hire underscores Assembly’s commitment to bolstering its leadership team to deliver best-in-class services and results for its clients. 

NEW YORK, Dec. 20, 2024 /PRNewswire/ — Assembly, a leading global marketing agency within the Stagwell (STGW) network, today announced the appointment of Josh Berman as Executive Vice President, Assembly Lead. Earlier this year, Assembly unveiled a new operating structure with teams organized into ‘Assemblies’ based on geography and industry sector. Based in New York, Berman will co-lead Assembly East, focusing on deepening brand relationships, driving innovation, and providing more rigor, expertise, and growth for clients.

Berman brings 15 years of media industry experience to Assembly. Most recently, as Managing Partner and Client Lead at Wavemaker, he led media planning and buying for a major Church & Dwight brand and contributed to global product development initiatives, leveraging data and technology to craft effective marketing solutions. Over his career, Josh has partnered with marquee brands across various industries, including Citi, Campbell’s, IKEA, Tiffany & Co., Amgen, Marriott, and AT&T. 

Berman’s appointment is part of Assembly’s ongoing growth efforts, ensuring that the agency remains at the forefront of the industry and continues to meet clients’ evolving needs.

“Our clients get the best of both worlds—an agency big enough to lead yet small enough to care—which means each client receives the attention, dedicated leadership, and prioritization the industry and clients are demanding,” said Rick Acampora, Global CEO of Assembly. “Josh’s extensive experience in media strategy, analytics, client leadership, and innovation, coupled with his ability to fuse media and creative to unlock and accelerate brand performance, will be instrumental as we continue to elevate and find the change that fuels growth for our clients. We are thrilled to have him join our team.”

Berman’s role is effective immediately.

ABOUT ASSEMBLY
Assembly is a leading global omnichannel media agency that merges data, talent, and technology to catalyze growth for the world’s most esteemed brands. Our holistic approach weaves together compelling brand narratives with a comprehensive suite of global media capabilities, driving performance and fostering significant business expansion. Our initiatives are powered by STAGE, our proprietary operating system, and executed by a dedicated global team of over 2,300 professionals across 35 offices worldwide. Committed to purposeful action, Assembly leads the way in social and environmental impact within the agency realm. As a proud member of Stagwell, the challenger network designed to revolutionize marketing, Assembly continues to set new standards of excellence. For more information, please visit assemblyglobal.com.

Contact
Mariana Delacqua
mariana.delacqua@assemblyglobal.com

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SOURCE Assembly

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Newline Interactive Unveils Newline Signage Pro: Revolutionizing Digital Signage Management

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Newline Interactive announces the launch of Newline Signage Pro, an innovative digital signage software designed to simplify and elevate content management for organizations of all sizes.

ALLEN, Texas, Dec. 20, 2024 /PRNewswire-PRWeb/ — Newline Interactive, a global leader in interactive display solutions and AV technology, is proud to announce the launch of Newline Signage Pro, an innovative digital signage software designed to simplify and elevate content management for organizations of all sizes.

With Newline Signage Pro, businesses can streamline their digital signage operations through an all-in-one platform that combines powerful features with ease of use.

With Newline Signage Pro, businesses can streamline their digital signage operations through an all-in-one platform that combines powerful features with ease of use. The software introduces a comprehensive online admin portal, allowing users to effortlessly control their digital content, customize layouts, and manage devices from anywhere.

“We designed Newline Signage Pro with the needs of our customers in mind,” said Chris Bradford, President of Newline. “This software offers robust features while remaining intuitive and accessible, ensuring that anyone can create impactful digital signage without a steep learning curve.”

Key Features of Newline Signage Pro Include:

Streamlined Registration Process: Register devices individually or in bulk using serial numbers, QR codes, or Excel files for a quick and hassle-free setup.Efficient Device Grouping: Organize and manage devices seamlessly for efficient content deployment.Versatile Pre-defined Layouts: Choose from six professionally designed layouts tailored to various display configurations.User-Friendly Content Creation: Craft stunning content with an intuitive drag-and-drop interface.Rich Content Support: Incorporate images, videos, live feeds, weather updates, QR codes, and more into your displays.Live Feed Integration: Engage your audience with real-time feeds from platforms like YouTube Live and Twitch.Simple Scheduling: Schedule content effortlessly to ensure timely and targeted messaging.Seamless Integrations: Sync events and presentations with Google Slides and Calendar and enhance creativity with Canva (coming soon).Fully Integrated System: Preloaded features designed for compatibility with Newline’s Q Pro & STV+ displays, with support for more devices coming soon.

Newline Signage Pro empowers users to deliver engaging and visually compelling content while saving time and resources. Whether it’s for education, retail, corporate, or healthcare environments, the software offers flexibility and tools needed to meet diverse digital signage needs.

Newline Signage Pro is now available and comes preloaded on select Newline displays. For more information, visit https://newline-interactive.com/usa/products/newline-signage-pro/

About Newline Interactive

Headquartered in Allen, Texas, Newline Interactive is a leading supplier of audio-visual technology and innovative software that increases productivity and enables collaboration. Newline Interactive develops products that help organizations in a wide range of vertical markets including financial services, education, healthcare, law enforcement, manufacturing, municipalities, and legal services. For more information, visit www.newline-interactive.com.

Media Contact

Ashlea Dunagan, Newline Interactive, 1 8882330868, adunagan@newline-interactive.com, https://newline-interactive.com/usa 

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/newline-interactive-unveils-newline-signage-pro-revolutionizing-digital-signage-management-302337007.html

SOURCE Newline Interactive

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