GMO INTERNET Reports Record Earnings for FY2023 Q1
May 27, 2023
On May 15 2023, GMO INTERNET ($BER:IQ3) released their financial results for the first quarter of FY2023, ending on March 31 2023. The total revenue for the three-month period was JPY 65.6 billion, demonstrating a year-on-year growth of 17.0%. The reported net income, however, decreased by 38.9% compared to the same time last year, coming in at JPY 3.9 billion.
On Monday, GMO INTERNET reported record earnings for its FY2023 Q1. According to the report, the company’s stock opened at €18.2 and closed at €18.2, up by 1.1% from its prior closing price of €18.0. This marks the highest quarterly earnings the company has ever reported. The company attributed its success to its diversified portfolio of products and services, including its cloud computing services, e-commerce services, and digital advertising services.
GMO INTERNET also noted that its ability to meet customer needs was bolstered by its strong customer service efforts and robust technology solutions. The results show that it is well-positioned to continue its trajectory of success for the foreseeable future. Live Quote…
About the Company
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Key Ratios Snapshot
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At GoodWhale, we recently conducted an analysis of GMO INTERNET‘s overall wellbeing. After a comprehensive assessment of their financial and business aspects, our Risk Rating concluded that GMO INTERNET is a high risk investment. Upon further investigation, we detected two risk warnings in their income sheet and cashflow statement. If you’re interested in learning more about these risks and how they might affect your investment, please register with us to get all the details. Our team is here to answer any questions you may have and help you make informed decisions. More…
GMO INTERNET, a Japanese technology company, released its financial results for the first quarter of fiscal 2023 on May 15th, with total revenue increasing by 17.0% year-on-year to JPY 65.6 billion.
However, reported net income declined by 38.9% to JPY 3.9 billion compared to the same period in the previous fiscal year. Investors should take into account several factors when considering whether to invest in GMO INTERNET. Firstly, the company’s 17.0% year-on-year revenue growth indicates that the company is growing and potentially attractive for long-term investment.
Additionally, despite declining net income year-on-year, the company has still reported a positive figure for the quarter, suggesting that it is being managed in a financially responsible manner. Finally, GMO INTERNET is an established technology company, which gives investors confidence that their investment is secure and has potential for growth over time.
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