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Nomura-SRI Innovation Center (NSIC), an emerging innovation center dedicated to accelerating the adoption of Silicon Valley s disruptive technology innovation process into corporate Japan, today announced the appointment of its Managing Director, Chris Cowart, and Deputy Director, Pam Deziel.
The Nomura-SRI Innovation Center (NSIC), an emerging innovation center dedicated to accelerating the adoption of Silicon Valley s disruptive technology innovation process into corporate Japan, today announced the appointment of its Managing Director, Chris Cowart, and Deputy Director, Pam Deziel. We are thrilled to welcome Chris and Pam to our NSIC team. With over 50 years of combined experience at groups including IDEO, Apple, Adobe and Google s X-Factory, they bring extensive knowledge and expertise to the NSIC leadership team, said Manish Kothari, President of SRI International. I am confident that their deep ex
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Baker Hughes optimistic despite Q1 drop in revenue
Apr 21, 2021 1:50:pm
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by: Daniel Graeber
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Baker Hughes optimistic despite Q1 drop in revenue
US-based upstream services group Baker Hughes said April 21 it was optimistic about the market recovery after taking a hit on revenue both quarter on quarter and year on year in the first quarter.
Baker Hughes reported total revenue for Q1 at $4.8bn, down 13% from Q4 and 18% lower yr/yr. Free cash flow, however, improved month-on-month, to $498mn from $250mn.
On the quarter, the company reported a net loss of $452mn, down from Q4 2020 net earnings of $653mn but an improvement over the Q1 2020 net loss of $10.3bn, when it took a Covid-related goodwill non-cash impairment of $15bn. Operating income fell to $164mn from $182mn month-on-month, while adjusted Ebitda declined to $562mn from $770mn in Q4 2020.
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