Box delivers solid earnings by growing existing customer accounts

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Shares in Box Inc. rose almost 9% in after-hours trading today after the company reported better-than-expected second-quarter financial results.

The cloud storage and file management company reported a profit before certain costs such as stock compensation of 18 cents per share on revenue of $192.3 million, up 11% from a year ago. Wall Street had forecast earnings of just 12 cents per share on revenue of $189.56 million.

Box said the company’s success was thanks to its focus on expanding and renewing deals with its existing customer base.

“Our focus is on growing existing accounts by driving add-on product options and seat expansions with Box Suites, as well as efficiently driving new logo acquisition in key markets,” Box Chief Executive Aaron Levie (pictured) said on a call with analysts.

Box said it had $364.9 million in deferred revenue as of July 31, up 10% from a year ago. Second quarter

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Phunware Provides Upwardly Revised Financial Guidance for Application Transactions Business

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AUSTIN, Texas–(BUSINESS WIRE)–Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today that it has upwardly revised the financial guidance previously provided for its Application Transactions business. The Company currently projects that its non-recurring media transaction revenues will increase by more than 60% quarter-over-quarter, with strong growth specific to new media sales wins on mobile.

Since inception in 2009, Phunware has helped brands of all sizes navigate the complex ecosystem of mobile and digital advertising, allowing customers to engage audiences and drive business outcomes and results for digital transformation. The Company provides best-in-class mobile advertising software, tools and services, including expertise with media strategy and planning, mobile-first creative development, custom audience creation and campaign management and optimization, as offerings within its core Multiscreen-as-a-Service (MaaS) enterprise cloud platform for mobile.

The majority of Phunware’s

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Bank’s COVID relief turned to financial pain for BMO customer, now reimbursed for her trouble

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a woman wearing a dress: Marissa Stowe's application to BMO's COVID-19 financial relief program led to almost five months of confusion as she was passed back and forth between numerous bank employees, while receiving calls from the bank's collection department and watching her credit score take a nose dive.


© Ben Nelms/CBC
Marissa Stowe’s application to BMO’s COVID-19 financial relief program led to almost five months of confusion as she was passed back and forth between numerous bank employees, while receiving calls from the bank’s collection department and watching her credit score take a nose dive.

The Bank of Montreal is waiving a Vancouver woman’s entire credit card balance and lowering her interest rate after a botched application to its COVID-19 financial relief program drove her further into debt. 

The problems started at the end of March, when Marissa Stower, 33, applied for a credit card payment deferral program with BMO shortly after being laid off from her job at a restaurant.

That application led to almost five months of confusion as she was passed back and forth between numerous bank employees, while receiving calls from the bank’s collection department and watching her credit score take a nose dive. 

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Liberis enables SaaS companies to embed financial products using its innovative Funding Platform

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DENVER, Aug. 26, 2020 /PRNewswire/ — Liberis, an international fintech that provides funding to small businesses, announced that its Funding Platform will be made available to a broader set of SaaS companies, empowering their product teams to easily embed financial services into their offerings.” data-reactid=”12″DENVER, Aug. 26, 2020 /PRNewswire/ — Liberis, an international fintech that provides funding to small businesses, announced that its Funding Platform will be made available to a broader set of SaaS companies, empowering their product teams to easily embed financial services into their offerings.

Europe through partnerships with large payment processors and SaaS companies. The fintech delivers white-labeled funding solutions to small businesses through its Funding Platform. The platform’s targeting algorithm helps determine the optimal messaging, timing, and channel to offer small businesses a range of products including loans, revenue-based funding, equipment financing, and government-backed loans.1 Liberis partners with multiple lenders and

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Trulieve Cannabis Corp (OTC:TCNNF) – Trulieve CEO Outlines Two Ways To Maintain Authentic Customer Relationships During COVID

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This special presentation from Trulieve comes from Benzinga’s Virtual Cannabis Capital Conference that took place on August 18. Click here for more coverage of this event with presentations from some of the top CEOs, investors and lenders in the cannabis space.

CEO of Trulieve Cannabis Corp. (CSE: TRUL)(OTCQX: TCNNF) Kim Rivers joined the Benzinga Cannabis Capital Conference to discuss how to continue delivering a positive customer experience during COVID-19.

Trulieve currently has 58 dispensaries nationwide with 56 locations open in the state of Florida. This is a state that is used to hurricanes so at the earliest beginnings of COVID, they got their preparedness team together to start planning across the entire organization. Clearly, this is a big effort. So even before all 56 stores were deemed essential, the Trulieve team asked themselves, ‘How can we, as a company, maintain our brand promises and relationships with our customers during this

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Broadridge Financial Solutions Inc (BR) CEO Timothy C Gokey Sold $8.5 million of Shares

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30-Year Financial, Insider Trades) Timothy C Gokey (insider trades) sold 61,444 shares of BR on 08/17/2020 at an average price of $138.87 a share. The total sale was $8.5 million.” data-reactid=”12″CEO of Broadridge Financial Solutions Inc (30-Year Financial, Insider Trades) Timothy C Gokey (insider trades) sold 61,444 shares of BR on 08/17/2020 at an average price of $138.87 a share. The total sale was $8.5 million.

the business predictability rank of 4.5-star. GuruFocus has detected 3 severe warning signs with Broadridge Financial Solutions Inc. .” data-reactid=”23″Broadridge Financial Solutions Inc provides investor communications & technology-driven solutions to banks, broker-dealers and corporate issuers. Its services include investor & customer communications, securities processing & data & analytics solutions. Broadridge Financial Solutions Inc has a market cap of $16.07 billion; its shares were traded at around $139.57 with a P/E ratio of 35.15 and P/S ratio of 3.61.

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Karma Automotive And Premier Financial Services Introduce New Leasing Partnership For Revero GT In The United States

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IRVINE, Calif., Aug. 18, 2020 /PRNewswire/ — Karma Automotive, the Southern California-based luxury electric vehicle manufacturer and developer of advanced technologies for the automotive industry, has partnered with Connecticut-based Premier Financial Services to provide automotive enthusiasts in the United States with a new leasing program designed to deliver a cost-effective ownership experience for Karma’s captivating and unmistakable Revero® GT.” data-reactid=”14″IRVINE, Calif., Aug. 18, 2020 /PRNewswire/ — Karma Automotive, the Southern California-based luxury electric vehicle manufacturer and developer of advanced technologies for

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Aviat Networks Sets Date for Its Fiscal 2020 Fourth Quarter and Full Year Financial Results Announcement and Conference Call

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AUSTIN, Texas, Aug. 19, 2020 /PRNewswire/ — Aviat Networks, Inc. (NASDAQ: AVNW), (“Aviat” or the “Company”), the leading expert in wireless transport solutions, today announced that it will be reporting its fiscal 2020 fourth quarter and full year financial results for the period ended July 3, 2020  on Thursday, August 27, 2020 after the market closes. The Company also disclosed that it will be hosting a teleconference and webcast to discuss its financial results and outlook on Thursday, August 27, 2020 at 4:30 p.m. Eastern / 1:30 p.m. Pacific.” data-reactid=”12″AUSTIN, Texas, Aug. 19, 2020 /PRNewswire/ — Aviat Networks, Inc. (NASDAQ: AVNW), (“Aviat” or the “Company”), the leading expert in wireless transport solutions, today announced that it will be reporting its fiscal 2020 fourth quarter and full year financial results for the period ended July 3, 2020  on Thursday, August 27, 2020 after the market closes. The Company

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How Financial Advisors Can Capitalize on Cryptocurrency

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The past few years have experienced a rapid expansion of the use of digital assets within global financial markets. With momentum fueled by retail investors on various online digital exchanges, the total market capitalization of globally traded cryptocurrencies has increased threefold between March 2016 and March 2017.

Viewing these new products in a productive light, wealth managers can prepare for the likely scenario of a client inquiring about their advisor’s digital asset capabilities. In a survey conducted by Bitwise, a leading provider of index and beta cryptoasset funds, nearly 80 percent of wealth management companies surveyed reported that clients had asked about digital assets in 2018.

Advisors can begin to take strategic actions today to better prepare themselves to support future digital asset capabilities. The same Bitwise survey found that 20 percent of companies surveyed planned to include cryptocurrencies in their portfolio offerings. By acting now when the prevalence of

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How Chat Banking is Transforming Financial Services Customer Experience

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The banking industry has seen a number of key technology advancements over the last several decades, as it has moved away from a brick-and-mortar strategy toward a more self-service-driven model.

• In the 1970s the rise of personal computers provided an alternative to traditional banking, though technology was still in its infancy
• In the 1980s, technology started to evolve, and ATMs were introduced – in addition to computer banking – as high-tech solutions to meet the needs of customers on the go
• The introduction of mobile phones in the 2000s brought consumers the ability to conduct mobile banking, accessing their account information and completing transactions on the go

So, the question we ask ourselves now is what’s the next step in the evolution of the banking customer experience?

The introduction of chat apps

The rapid evolution of smartphone technology and the rise of connected devices has led to

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