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Revolut says CFO Mikko Salovaara plans to leave “for personal reasons”, two months after CEO James Radford left, as the company waits for a UK banking license (Siddharth Venkataramakrishnan/Financial …) 11-05-2023

Siddharth Venkataramakrishnan / Financial Times: Revolut says CFO Mikko Salovaara plans to leave “for personal reasons”, two months after CEO James Radford left, as the company waits for a UK banking license  —  Exits of Mikko Salovaara and James Radford follow last year’s exodus of executives Lees verder op Tech Meme

Sonos stock falls 20%+ after reporting Q2 revenue down 24% YoY to $304.2M and forecasts annual revenue between $1.63B and $1.68B, down from $1.7B to $1.8B (Vansh Agarwal/Reuters) 11-05-2023

Vansh Agarwal / Reuters: Sonos stock falls 20%+ after reporting Q2 revenue down 24% YoY to $304.2M and forecasts annual revenue between $1.63B and $1.68B, down from $1.7B to $1.8B  —  Sonos Inc (SONO.O) was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries … Lees verder op Tech Meme

Chinese chipmaker SMIC reports Q1 revenue down 20.6% YoY to $1.46B and net income down 48.3% YoY to $231.1M, both beating analyst estimates (Che Pan/South China Morning Post) 11-05-2023

Che Pan / South China Morning Post: Chinese chipmaker SMIC reports Q1 revenue down 20.6% YoY to $1.46B and net income down 48.3% YoY to $231.1M, both beating analyst estimates  —  Semiconductor Manufacturing International Corp (SMIC) , China’s top contract chip maker, posted its biggest drop in quarterly revenue in over a decade … Lees verder op Tech Meme