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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.

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