GAAP EPS up 16 percent year-over-year to $0.72, non-GAAP EPS up 15 percent to $0.93 Fusion ERP cloud revenue up 33 percent, NetSuite ERP cloud revenue up 23 percent Karachi, September 11, 2020: Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Total quarterly revenues were up 2 percent year-over-year in USD and in…
Karachi, June 12, 2020: The federal government for the first time in the history has reduced budget estimates for the next fiscal year 2020-21 compared to estimates of last fiscal year (FY20) due to Coronavirus pandemic. According to budget documents available to thebizupdate.com, the total outlay of budget 2020-21 is estimated Rs 7,295 billion compare…
Deficit down by 12 percent YoY in 9MFY20 Karachi, May 07, 2020: Pakistan’s fiscal balance in the current fiscal year to date has shown improvement over prior year, with the deficit arriving at PKR 1.7 trillion in 9MFY20 (3.8 percent of GDP) compared to PKR 1.9 trillion in 9MFY19 (5 percent of GDP), down by…
Karachi, May 06, 2020: The government has reported a fiscal deficit of 3.8% of GDP (or Rs1.7trn) in 9MFY20 compared to a fiscal deficit of 5.0% of GDP (Rs1.9trn) in 9MFY19. Importantly, the primary balance during the period clocked in at 0.4% of GDP or Rs194bn (last year was -1.2% of GDP or -Rs463bn), close…
Karachi, February 14, 2020: The government has reported a fiscal deficit of 2.3 percent of GDP in first half of this fiscal year (1HFY20) compared to a fiscal deficit of 2.7 percent of GDP in same period of last fiscal year (1HFY19). Importantly though, the primary balance during the period clocked in at 0.7 percent…