Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

SoftBank Clocks 6% Revenue Growth In Q3

SoftBank SFTBY Arm Ltd SoftBank Group Corp
  • SoftBank Group Corp (OTC:SFTBY) reported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion.
  • Arm revenue grew 20.6% Y/Y to ¥66 billion.
  • The gross profit expanded 12.5% Y/Y to ¥841.9 billion.
  • SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43.
  • Softbank generated ¥2.4 trillion in operating cash flow during the nine months ended December 31, 2021, and held ¥4.6 trillion in cash and equivalents.
  • SoftBank informed that it is exploring initial offering plans for Arm Ltd after NVIDIA Corp (NASDAQ:NVDA) planned to ditch the idea of its takeover amid regulatory challenges.
  • Price Action: SFTBY shares closed higher by 3.24% at $23.23 on Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
NBC celebrates 10 years of Jimmy Fallon's The Tonight Show with special tonight, May 14
The two-hour special looks back at some classic moments from Jimmy Fallon's The Tonight Show, showing clips of iconic guests, sketches and music performers.
WhatToWatch
WhatToWatch
Nicolas Cage is reprising his role as Spider-Man Noir, this time in a live-action series adapted by Prime Video
The Spider-Verse star's Spidey senses were tingling...
Total Film
Total Film
Taylor Swift has filed a trademark for 'Female Rage The Musical' - here's what it means
She has dozens of trademarks already
Marie Claire
Marie Claire
Taylor Swift files trademark for 'Female Rage: The Musical' as Eras Tour continues
The phrase harks back to a line the singer used during her show in Paris last week
Evening Standard
Evening Standard
The Witcher star says she's relieved the show is ending after season 5
Freya Allan admits she initially found the thought of doing two more seasons of the hit Netflix show "a challenge"
Total Film
Total Film
Inside the rise and fall of Ashley Madison: ‘People literally lost their lives’
A new Netflix docuseries explores how the site that enabled married people to have affairs devolved into chaos back in 2015
The Guardian - US
The Guardian - US
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play