Latest news with #growthopportunity
Irish Times
15-07-2025
- Business
- Irish Times
Irish tech firm Konversational to generate additional €5m revenue via US expansion
Dublin-headquartered tech consultancy Konversational is set to expand into the US, opening an office in New York which it expects to create 40 new roles and generate €5 million in revenue. The company sees the move as the 'natural evolution' of the business, having built a 'strong foundation' in Europe. The US expansion comes less than 18 months after setting up offices in France, Germany and Switzerland. 'Expanding into the United States is a significant milestone for us and one that we have been building towards since opening our Dublin headquarters less than five years ago,' said co-chief executive John Gilleran, hailing the US market as providing a 'tremendous growth opportunity' for the Irish firm. Mr Gilleran co-founded the business with another former Accenture employee Richard Guy in 2020. The consultancy business is now one of the largest companies working with ServiceNow, a digital workflow company, in Britain and Ireland and employs 80 people. The two founders run the company's Dublin and London offices respectively. READ MORE The US expansion is being supported by Enterprise Ireland, whose regional director for the Americas, Aidan McKenna said Konversational has been 'hugely successful across Europe'. Mr McKenna said the US is the 'number one market internationally for digital tech exports'. Konversational Consulting Ltd, the company behind the Irish-based entity, recorded a €1.37 million profit in the financial year ending December 2024, according to filings with the Companies Registration Office. This came following a loss of €366,000 in 2023. The filing lists 15 employees, including its two founders as directors, and held debtors in excess of €3.3 million. In 2023, Konversational signed a €3 million technology deal to enable IT solutions provider Ergo to use artificial intelligence throughout its cloud-based IT services platform. At the time, the deal was said to be a first in the Irish market.
Yahoo
24-05-2025
- Business
- Yahoo
Goldman Sachs Considers Monster Beverage (MNST) A Highly Appealing Investment
On May 22, Goldman Sachs analyst Bonnie Herzog called Monster Beverage Corp. (NASDAQ:MNST) among the most appealing growth opportunities within the consumer staples sector. With that view, he reiterated a Buy rating with a price target of $67. The analyst estimates that the company will achieve an EPS of $1.86 for FY 2025, which indicates a 25% year-over-year growth and aligns with the current consensus estimates. Monster Beverage's Q1 2025 sales, reported in the second week of May, declined 2.3% year-over-year to $1.85 billion and missed consensus expectations. The decline was due to weakness in the Alcohol Brands segment and forex impact, excluding which, the sales were up around 2%. However, better cost management led to a 180 basis point improvement in the adjusted operating margin of 31.5%, and an EPS of $0.47, which was broadly in line with street estimates. Management noted that sales increased robustly in April, which bodes well for the next quarter. Moreover, the company is focusing on margin improvement using pricing strategies and supply chain improvements. At the results call, Chairman and Co-CEO Rodney C. Sacks, stated: 'We launched a number of new products in the first quarter. In the United States, Monster Energy Ultra Blue Hawaiian has rapidly become one of our top selling products. Innovation globally continues to play a key role in our strategy and we maintain a robust innovation pipeline.' With better revenue growth supported by innovation, Bonnie Herzog believes that the company has substantial scope to grow its gross profit and, in turn, earnings. Monster Beverage Corp. (NASDAQ:MNST), through its subsidiaries, develops and markets energy drinks, including Monster Energy drinks. While we acknowledge the potential of MNST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNST and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
24-05-2025
- Business
- Yahoo
Goldman Sachs Considers Monster Beverage (MNST) A Highly Appealing Investment
On May 22, Goldman Sachs analyst Bonnie Herzog called Monster Beverage Corp. (NASDAQ:MNST) among the most appealing growth opportunities within the consumer staples sector. With that view, he reiterated a Buy rating with a price target of $67. The analyst estimates that the company will achieve an EPS of $1.86 for FY 2025, which indicates a 25% year-over-year growth and aligns with the current consensus estimates. Monster Beverage's Q1 2025 sales, reported in the second week of May, declined 2.3% year-over-year to $1.85 billion and missed consensus expectations. The decline was due to weakness in the Alcohol Brands segment and forex impact, excluding which, the sales were up around 2%. However, better cost management led to a 180 basis point improvement in the adjusted operating margin of 31.5%, and an EPS of $0.47, which was broadly in line with street estimates. Management noted that sales increased robustly in April, which bodes well for the next quarter. Moreover, the company is focusing on margin improvement using pricing strategies and supply chain improvements. At the results call, Chairman and Co-CEO Rodney C. Sacks, stated: 'We launched a number of new products in the first quarter. In the United States, Monster Energy Ultra Blue Hawaiian has rapidly become one of our top selling products. Innovation globally continues to play a key role in our strategy and we maintain a robust innovation pipeline.' With better revenue growth supported by innovation, Bonnie Herzog believes that the company has substantial scope to grow its gross profit and, in turn, earnings. Monster Beverage Corp. (NASDAQ:MNST), through its subsidiaries, develops and markets energy drinks, including Monster Energy drinks. While we acknowledge the potential of MNST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNST and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
