By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PulseReporterPulseReporter
  • Home
  • Entertainment
  • Lifestyle
  • Money
  • Tech
  • Travel
  • Investigations
Reading: Raspberry Pi’s robust first half sends share value up 7%
Share
Notification Show More
Font ResizerAa
PulseReporterPulseReporter
Font ResizerAa
  • Home
  • Entertainment
  • Lifestyle
  • Money
  • Tech
  • Travel
  • Investigations
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
PulseReporter > Blog > Money > Raspberry Pi’s robust first half sends share value up 7%
Money

Raspberry Pi’s robust first half sends share value up 7%

Last updated: September 24, 2024 10:54 am
10 months ago
Share
Raspberry Pi’s robust first half sends share value up 7%
SHARE


A Raspberry Pi 2 Mannequin B single-board pc.

Olly Curtis | Future Publishing | Future | Getty Pictures

Raspberry Pi, the British pc firm that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the primary half, sending its shares up 7% in early commerce.

The group, which produces low-cost single-board computer systems and microcontrollers, stated it bought marginally fewer units than it anticipated, however gross sales had been skewed in direction of increased margin merchandise, boosting profitability.

Its flagship Raspberry Pi5,which retails for 46.60 kilos ($62.24) for the 2GB mannequin, bought 1.1 million items within the six months to the top of June, it stated.

It stated it anticipated volumes to extend within the second half, supported by product launches, however the combine would end in margins returning to decrease ranges and it stored its expectations for the 12 months unchanged.

Raspberry Pi CEO discusses AI, semiconductors and international growth

Chief Govt Eben Upton stated the IPO, two weeks earlier than the interval ended, was a “watershed second”.

“We noticed robust uptake of our newest flagship SBC, Raspberry Pi5, the launch of the Raspberry Pi AI Package, and the profitable ramp to manufacturing of RP2350, our second-generation microcontroller platform,” he stated.

Shares in Raspberry Pi had been buying and selling at 364 pence in early commerce, 30% increased than the 280 pence itemizing value.

You Might Also Like

This CEO went from bagging groceries at Publix to founding a $3.4 billion cyber firm—with little tech background 

Nike’s new CEO alerts a return to its outdated values

UPS in talks with startup Determine AI to deploy humanoid robots

Palo Alto Networks extends current inventory rally on stable quarterly earnings

Amazon’s cloud unit might have to go the revenue development baton to e-commerce

Share This Article
Facebook Twitter Email Print
Previous Article 37 Cozy Autumn Motion pictures To Watch Earlier than The Leaves Flip 37 Cozy Autumn Motion pictures To Watch Earlier than The Leaves Flip
Next Article Logitech launches MX Artistic Console for digital creativity Logitech launches MX Artistic Console for digital creativity
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

More News

Joe Burrow Opens Up About House Theft
Joe Burrow Opens Up About House Theft
11 minutes ago
Not Simply Any Prime Day Offers, 279 Obsessively Examined Picks—Even ,200 Off an OLED TV
Not Simply Any Prime Day Offers, 279 Obsessively Examined Picks—Even $1,200 Off an OLED TV
49 minutes ago
Flood-battered Texas braces for an additional blow: a fast-moving, flesh-eating parasite from Mexico
Flood-battered Texas braces for an additional blow: a fast-moving, flesh-eating parasite from Mexico
1 hour ago
Actors And Administrators Who Made One Movie And Retired
Actors And Administrators Who Made One Movie And Retired
1 hour ago
In the present day’s Hurdle hints and solutions for July 11, 2025
In the present day’s Hurdle hints and solutions for July 11, 2025
2 hours ago

About Us

about us

PulseReporter connects with and influences 20 million readers globally, establishing us as the leading destination for cutting-edge insights in entertainment, lifestyle, money, tech, travel, and investigative journalism.

Categories

  • Entertainment
  • Investigations
  • Lifestyle
  • Money
  • Tech
  • Travel

Trending

  • Joe Burrow Opens Up About House Theft
  • Not Simply Any Prime Day Offers, 279 Obsessively Examined Picks—Even $1,200 Off an OLED TV
  • Flood-battered Texas braces for an additional blow: a fast-moving, flesh-eating parasite from Mexico

Quick Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Disclaimer
2024 © Pulse Reporter. All Rights Reserved.
Welcome Back!

Sign in to your account