Information Technology: ACN’s Q2 Results’ Read-Through: In-Line Q2, Record-High Bookings; Narrows FY23 Guidance

Steady Q2 operating performance: Accenture’s (ACN’s) revenue grew by 5% YoY to USD15.8bn (9% in LC) in Q2. Revenues, after adjusting for forex, were closer to the upper end of the guidance (6-10% in LC), driven by broad-based growth across all markets, with over 50% of the 13 industries growing in double-digits in Q2. ACN continues to gain market-share (growing >2x the market). Q2 also saw ACN posting strong double-digit growth in Song and very strong double-digit growth in Cloud, Industry X, and Security. Strategy and Consulting reported a mid-single-digit decline, while Operations and Technology logged double-digit growth. Consulting revenue declined by ~1% YoY to USD8.28bn (up 4% in LC), while revenue for Managed Services/Outsourcing grew ~12% YoY to USD7.54bn (16% in LC). New bookings were at a record high in Q2, standing at USD22.1bn (up 13% YoY, 17% in LC; book-to-bill at 1.4x). Consulting bookings stood at USD10.7bn (down 2.4% YoY; book-to-bill at 1.3x) and Managed-Services bookings clocked USD11.4bn (up 32% YoY; book-to-bill at 1.5x). Adjusted operating margin increased by 10bps YoY to 13.8% in Q2. Quarterly annualized voluntary attrition moderated to 12% in Q2 vs 13% QoQ. The company added 484 employees in Q2, taking the headcount to 738,143 (0.1% QoQ/5.7% YoY).

Broad-based growth across verticals and geographies: Growth in Q2 was driven by Resources (16% YoY in LC), Health & Public Services (15%), Financial Services (10%), and Products (9%), while CMT was flat YoY. Geography-wise, North America grew by 5% in LC, led by public services and health & utilities, and partially offset by the decline in CMT; Europe grew by 12%, led by industrial, banking & capital markets and public services; and Growth markets saw a 14% rise, led by banking & capital markets, chemicals & natural resources, and public services.

Management narrows FY23 guidance: ACN narrowed its revenue growth guidance to 8-10% in LC for FY23 (earlier 8-11%), assuming inorganic contribution of 2% now compared with 2.5% earlier. The guidance prices-in a negative 4.5% (earlier at negative 5%) foreign-exchange impact on USD revenue. ACN expects operating margin to be 14.1-14.3% (earlier 15.3-15.5%). Adjusted for one-off business optimization costs of ~USD800mn in FY23, it estimates operating margin at 15.3-15.5% (10-30bps expansion from FY22). ACN expects Q3FY23 revenue at USD16.1-16.7bn, assuming a negative 3.5% foreign-exchange impact (3-7% YoY in LC). The company now expects OCF and FCF to clock at USD8.7-9.2bn (earlier USD8.5-9bn) and USD8.0-8.5bn (earlier USD7.7-8.2bn), respectively.

Earnings-call KTAs: 1) Clients are seeking compressed transformation amid uncertainties, in order to achieve lower costs, more agility and greater resilience; thus, managed services has become increasingly important as companies are looking to increase pace, for leveraging digital platforms and talent. 2) Company is experiencing growing demand in application modernization & maintenance, cloud enablement and managed security services. 3) ACN has signed deals worth >USD100mn with 35 clients in Q2 (vs 24 clients in Q1). The company highlighted that it is seeing traction in the bigger transformational projects. 4) Clients are laser-focused on costs and prioritizes projects with shorter RoI. 5) After record-high bookings in Q2, ACN expects bookings growth to be softer in Q3. The mix is currently skewed towards managed services; however, Mgmt highlighted that consulting has a strong pipeline. 6) ACN does not have significant exposure to regional banks and primarily caters to larger banking institutions. 7) It has initiated actions to streamline operations and transform non-billable corporate functions to reduce costs, and anticipates departure of ~19k employees (~2.5% of the workforce – over half in non-billable corporate functions) over the next 18 months. It expects total business optimization costs of ~USD1.5bn (USD0.8bn/0.7bn in FY23/FY24), which comprise ~USD1.2bn of employee severance and other personnel costs. Additionally, it expects to incur USD300mn in costs related to the consolidation of office space; majority of these will be recorded in FY23. 8) Company highlighted that pricing has remained relatively stable in Q2. 9) It expects flattish headcount addition in Q3, with some addition in Q4.

Read-through for Indian IT peers: ACN’s Q2 revenue growth was closer to the upper end of its guidance, although it came in short of the outperformance seen over the last few quarters. Company has retained the mid-point of its organic revenue growth guidance for FY23 (6-8% vs earlier 5.5-8.5%). The consulting business has seen moderation in both, deal intake and revenue growth, while managed services sustained its strong growth momentum (revenue/deal bookings grew 16%/37% CC YoY in Q2; book-to-bill at 1.5x). Deal booking remained strong in Q2 driven by large transformational deals, while clients are turning cautious amid macro uncertainties, leading to delay in decision-making and pause in smaller deals – this could lead to increased volatility in quarterly deal bookings and likely to narrowing of the growth differential between Tier-1 and Tier-2 companies. Demand has moderated due to weakness in consulting, softness in the flow of smaller deals and slower decision-making amid macro uncertainties; nevertheless, demand remains resilient and should alleviate any concerns of a sharp fall. We prefer large-caps over mid-caps, considering shift in the deal-mix and relative valuations. Our pecking order is INFO, WPRO, TECHM, HCLT and TCS in the tier-1 space; and ZOMATO, FSOL, ECLX, MPHL, BSOFT, and PSYS among mid-caps.

TECHLUSIVE.in Goes Live - IDPL’s Tech Platform Aims At Engaging Technophiles With Unbiased Reviews, Information And Insights

The Internet is a vast ocean made up of cluttered sources of information. Finding the right information in a comprehensive manner is a challenge to users. Once you find the information its credibility and bias is a big question. Enter TECHLUSIVE.in, the new technology platform from India’s largest Digital organization, IndiaDotcom Digital Private Limited (IDPL), a Zeecompany.

IDPL announced the rollout of TECHLUSIVE.in, setting a curtain-raiser to the 4thBollywood Life Awards, held on 24th March 2023. The new platform is here to provide technophiles and netizens with comprehensive and unbiased insights into personal technology.

Keeping true to its credo of providing “well-rounded coverage of technologythrough unbiased updates, analyses and expert commentaries”, TECHLUSIVE will provide a personalised tech experience through user-friendly features such as product guides and reviews about the latest smartphones, gadgets, gaming, appsetc.

Catering to the Englishand Hindi audience, the tech platform comes in a fresh, user-friendly interface and presents well-researched content divided into varied sections of the website, including NEWS, MOBILES, GAMING, REVIEWS, PHOTO GALLERY and VIDEOS. This allows netizens and technophiles to enter the world of the latest unbiased tech news, ratings, and reviews and empowers them to make informed decisions. It also aims to resolve all tech-related queries related to finding the best deals, telecom plans, and much more. 

TECHLUSIVE is not only about technology, but also focuses on users making their decision about their next buying devices or gadgets, by providing in-depth product information, specifications, pricing, user ratings & reviews.

Emphasisingon the key features of Techlusive.in, Mr. Devadas Krishnan, CEO, IDPL said, “Through Techlusive.in and other digital properties, IDPL is creating opportunities for the brands to showcase their product capabilities. We are enabling this using the best industry practices and our unique digital brand solutions opportunities. All this through our unbiased coverage of the technology industry, and keeping our 300 million plus unique monthly users informed of the latest trends and developments.” 

Mr. Roshan Tamang, CCO, IDPL added,“We look forward to primarily focusing on tech news and the latest developments that the user can use. With deeply-researched and authoritative content, Techlusive.in is among India’s top sources of tech newsand a technology category leader among early adopters, savvy technophiles and casual readers alike. To attract more eyeballs and keeping them engaged on the platform, we are taking the Video First approach, complemented by other multimedia surround sound, including voice, video, data stories and other engaging formats.” 

About IndiaDotcom Digital Pvt Ltd: IndiaDotcom Digital Private Limited is one of India’s leading media technology companies with a strong presence in the news, information, and entertainment genres. It is India's second largest Digital Entity touching more than 300 million monthly users and owns 30 plus digital properties including India.com, Zee news, Zee Business, Zee Hindustan, WION news, Bollywoodlife.com and more. 

IndusInd Bank Goes Live On Direct Tax Collection System of CBDT

·         IndusInd Bank has been authorized for collection of Direct Taxes Under its Agency Bank Licence 

·         Direct taxes to be collected to include Income tax, advance tax, TDS and all other direct taxes that fall under the purview of CBDT 

IndusInd Bank today announced that it is now integrated with the lncome Tax Department’s recently launched tax payment platform “TIN2.0”. The Bank was appointed as an Agency Bank by the Reserve Bank of India and under this licence, IndusInd Bank customers can now pay their Direct Taxes in a fast, seamless and convenient manner through the Bank’s Retail or Corporate Net Banking platform or at any IndusInd Bank branch using Cash, Cheque or Demand Draft. 

Speaking on the development, Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank, said, “We take immense pride in commencing operations as an Agency Bank for the Central Board of Direct Taxes. This is yet another addition to IndusInd Bank’s product suite comprising innovative solutions powered by cutting edge digital capabilities. We are confident of being a ‘partner of choice’ for the Government and our customers alike and we stay committed to providing a superior experience as India’s most convenient Bank.” 

About IndusInd Bank:

IndusInd Bank Limited commenced its operations in 1994 catering to the needs of consumer and corporate customers. Since its inception, the Bank has redefined the banking experience for its customers including various government entities, PSUs and large corporations. As on December 31, 2022, IndusInd Bank has a customer base of approx. 33 million, with 2384 Branches/Banking Outlets and 2894 ATMs spread across geographical locations of the country and covering 1,34,000 villages. The Bank has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology that supports multi-channel delivery capabilities. It enjoys clearing bank status for both major stock exchanges BSE and NSE and settlement bank status for NCDEX. It is an also an empaneled banker for MCX. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.   

RATINGS   

Domestic Ratings:     

CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds   

CRISIL AA for Additional Tier 1 Bonds program   

CRISIL A1+ for certificate of deposit program / short term FD program    

IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research   

IND AA for Additional Tier 1 Bonds program by India Ratings and Research   

IND A1+ for Short Term Debt Instruments by India Ratings and Research  

International Ratings:      

Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service   

Visit us at https://www.indusind.com/  

Twitter:  @MyIndusIndBank  

Facebook: https://www.facebook.com/OfficialIndusIndBankPage  

IPRS Extends Wholehearted Support To Music Makers Through Its “Learn And Earn” Initiative

* As part of its pan-India campaign 'Learn and Earn,' the IPRS recently organized a knowledge workshop in Bengaluru. The aim was to educate and empower songwriters, composers, and publishers about music rights and the latest trends shaping the careers of those behind the music. 

* Renowned author,  composer, and IPRS Regional Committee Member Mr. Hamsalekha, Mr. Mayur Puri - screenwriter, lyricist, filmmaker, and IPRS Board Member, Mr. Rakesh Nigam, CEO, IPRS, the regional ARA Committee members and key members from the region, graced the event. 

Discussions focused on copyright in music, music licensing, emerging trends, technological advancements, and the role of copyright societies like IPRS in protecting creators' rights and their royalty rights. The Learn and Earn initiative is part of IPRS's ongoing efforts to support its members with the knowledge, tools, and resources they need to succeed in the ever-changing music industry. 

IPRS has established itself as a crucial support system for the music industry in India. Since its new beginning in 2017 with a well-defined task in hand, led by the new board and Mr. Javed Akhtar as the Chairman, the organization has remained committed to promoting the causes of music creators and publishers. The amendments in the Copyright Act in 2012 opened the way for a fresh start, with IPRS growing from strength to strength to become the leading music copyright society in India, representing the authors, songwriters, and music publishers. In 2018, IPRS was readmitted as a Copyright Society in the apex Paris-based International Confederation of Societies of Authors & Composers (CISAC), leading to wider acceptance of IPRS as a top global copyright society.  

The following years saw IPRS signing strategic licensing deals with major International Digital Service Providers (DSPs) and significant players in the Indian music industry escalating the IPRS revenue from INR 46 crores in FY2017-18 to a whooping INR 314 crores in FY21-22. IPRS went on to be recognized as the fastest-growing music collection society in the world by CISAC. During the recent pandemic, the critical role of copyright societies like IPRS became even more evident when the regular sources of income from the music industry were severely hit. By distributing royalty amounting to INR 210 crores, along with regular grants and aids, IPRS has proven its pivotal role in the sustenance and welfare of the Music community. 

IPRS, under the leadership of CEO Rakesh Nigam, has been successful in safeguarding the rights of music creators and their rightful owners. Javed Akhtar, the IPRS Chairman, commended the organization’s initiatives to educate creators about their rights and the steps taken to distribute royalties and financial aid to struggling members during the pandemic. “Concerted efforts by IPRS at problem-solving in vexing matters have shown visible gains that have brightened the prospects of our members and stakeholders. For further progress and development, I hope our government will appreciate our efforts and give us a helping hand in building a more compliant music ecosystem, which we will always need,” he said.   

Commenting on the initiative leading author, music director, and IPRS Regional ARA Committee Member Hamsalekha said, “I thank IPRS for this great initiative. IPRS has been working tirelessly for music creators and publishers to educate them on their rights and abreast them on matters crucial to earn more from the music they make. Authors and composers are creative people engrossed in their world of music and creation. Many times unaware of their rights and rightful dues. Music copyright societies like IPRS thus play a vital role for the community of music makers. Apart from safeguarding our royalty rights, IPRS is also equipping us with the required information to help us make more informed decisions.” 

IPRS CEO Rakesh Nigam said: “The Indian music business has been rapidly expanding with music from across the country fuelling this rise with its popularity transcending borders and setting new benchmarks. The reservoir of brilliant creators and music from every region has contributed in a big way to this newfound success. While the industry scales new heights, songwriters and composers must be fully aware of their rights and how to gain more from their creations in this new era of music. Hence at IPRS, our new initiatives and pan-India workshops like Learn & Earn are aimed at upskilling and empowering our members through knowledge and know-how. Our primary goal at IPRS will be to expand opportunities for our members and to lay the way for a vibrant ecosystem that will propel them and the Indian music business to new heights.” 

Electrolux Group Announces The Launch Of Its UltimateTaste Range Of Refrigerators

* The UltimateTaste range of refrigerators from Electrolux Group is available in four different variations; Top freezer refrigerators, Bottom freezer refrigerators, French door refrigerators and a Side by Side refrigerator

*      Armed with Electrolux Group’s cutting-edge technologies like TasteLockAuto to keep the vegetables fresh for a longer period, TasteSeal to keep fish fresh without freezing, TwinTechCooling to help preserve taste and texture, and EvenTemp to reduce temperature fluctuations

Electrolux Group, a leading appliance brand with more than 100 years of shaping living for the better, today announced the launch of its UltimateTaste range of refrigerators in the Indian market, further expanding its product portfolio. Electrolux refrigerators are built to impress, from the slick external contours and thoughtful interiors to the way the door handle functions. The Scandinavian design of Electrolux raises the kitchen's aesthetic factor and is offered in a variety of gloss/matte finishes and in dark or natural stainless-steel finishes. The entire range comprises four different variations including Bottom freezer refrigerators, French door refrigerators, a Side by Side refrigerator, and Top freezer refrigerators. In line with its “Swedish thinking. Better living.” principle, the Electrolux range of refrigerators aim to make your food last longer by preserving Taste, Texture and Nutritional value of your food and promoting sustainable eating habits.

In this new range, Electrolux Group has brought together its cutting-edge proprietary technologies, including Auto Humidity Management with TasteLockAuto for prolonged preservation of vegetables, TasteSeal for keeping fish and meat fresh without freezing, FlexStor to provides flexible storage options, and NutriFresh inverter compressor which maintains consistent temperatures to save energy while keeping food and drinks fresh. Additionally, the premium range of Electrolux refrigerators features TasteGuard to ensure freshness of the fridge and TwinTech cooling to maintain optimal temperature and humidity level.

Speaking on the occasion, Mr. Sudhir Patil, Commercial Director said, “Ahead of the summer season, we’ve introduced our 2023 refrigerator line-up that has been designed in line with our “Swedish thinking. Better living” principle at Electrolux. The range is designed to address different key needs of consumers – making food last longer owing to an extensive feature-set, a beautiful exterior built to European standards that adds to the kitchen décor, and promoting sustainable eating habits. We believe our refrigerator range is a game-changer and will set a new standard for the industry.”

Key Features of Electrolux Refrigerators

TasteLockAuto

Auto Humidity Management of TastelockAuto maintains ideal moisture level inside the crisper compartment, ensuring farm fresh vegetables bursting with flavors for all week long. It eliminates the need of storing different type of vegetables separately along with the need for manual moisture management.

TasteSealFlex

The TasteSealFlex convertible compartment in the top end UltimateTaste 900 easily adapts to the desirable temperature, allowing the freedom to store everything from fresh vegetables to tender meat and fish, or cold drinks and ice-cream. Therefore, it’s easy to find the right space to keep food fresh and full of flavour by choosing one of the five temperature settings from -23°C to 7°C.

FlexStor

FlexStor allows to customize and reorganize the door bin space as per the user’s requirements. This is very helpful for accommodating different types of tall bottles, small jars and a vast variety of stuff that can be stored in the fridge.

NutriFresh Invertor Compressor

The Electrolux refrigerator range builds highly on the sustainability front owing to a NutriFresh invertor compressor which, by maintaining a consistent temperature, conserves energy and effectively preserves the freshness of food and beverages.

TasteGuard

The TasteGuard feature in Electrolux refrigerators ensures the fridge remains fresh, hygienic, and free from unwanted odours for a sustained period of time. The TasteGuard feature is employed in the whole range with the help of an in-built activated carbon filter.

TwinTech Cooling

The TwinTech Cooling technology is exclusive to the French door UltimateTaste 900 refrigerator range, which is a dual cooling mechanism that operates two separate systems simultaneously to ensure optimal performance of the refrigerator on a daily basis. While one system maintains a low temperature in the freezer, the other regulates the refrigerator's temperature and humidity levels to keep them stable.

EvenTemp

Available across the whole refrigerator range, EvenTemp technology reduces temperature variations to ensure that food stays fresh and flavorful while storing it across all shelves. All Shelves are individually cooled with smartly designed air vents for 360? cooling.

ChillRoom

Available in the Top freezer UltimateTaste 500 and 700 refrigerator series, a chillroom compartment is designed to keep items like meat, cheese and deli snacks in their prime condition.

Availability 

The Electrolux UltimateTaste refrigerator range is widely available in all Electrolux retail outlets across the Indian market. The premium range of refrigerators is available on Amazon as well.

Edureka Launches ChatGPT Programme; Offers Beginner To Advanced Certification

Brain4ce Educations Solutions Pvt Ltd (represented by the brand name Edureka), a wholly-owned subsidiary of Veranda Learning Solutions Limited (“Veranda”), a publicly listed ed-tech company (BSE: 543514, NSE: VERANDA), has announced the launch of a new programme - "ChatGPT Complete Course: Beginners to Advanced Certification Programme."

Even if one is not into artificial intelligence, it is time to pay attention to ChatGPT due to the impact it has made. ChatGPT has become the fastest-growing consumer application in history and has gained massive popularity across domains, after it was made public last November. So, one must make every effort to learn and benefit from this advanced language model.

The programme is designed to help learners gain skills that are required to keep pace with current technology trends. The curriculum will equip learners with skills like Natural Language Processing, Fine-Tuning Pre-Trained Language Models, Implementing GPT-3 model, Deploying and Integrating ChatGPT, Working with OpenAI API and Developing ChatGPT-Powered Applications.

Speaking about the new programme, Vineet Chaturvedi, CEO of Edureka, believes that investing in one’s self development is core to success in this century. “With new tech trends emerging in the market every few months, it is imperative that one stay up-to-date with current tech knowledge and skills. With this new programme, we are looking to help people master this viral chatbot, and also use technology in the right context,” he said.

Edureka is offering learners an opportunity to advance their AI knowledge and expertise through the ChatGPT certification training programme. Upon completion of the programme, one will be equipped with the knowledge and proficiency to effectively leverage ChatGPT for a wide range of use cases. As the name suggests, this programme is meant not just for professionals — it is equally amazing for beginners. The training curriculum includes components such as Using ChatGPT for Live Coding, Building, Optimizing, and Scaling Business Using ChatGPT, Using ChatGPT for Language Translation and Code Generation and Code Debugging with ChatGPT

For more information, visit https://www.edureka.co/openai-chatgpt-training-course

About Edureka

Edureka today offers 100+ online certification Courses in various domains, and as they say, they are ridiculously committed to bringing out the latest upskilling opportunities for tech enthusiasts. Their commitment to providing upskilling opportunities and bridging the skill gap by providing industry-relevant training and all about trending technology is commendable.

About Veranda Learning Solutions

Founded in 2018 by the Kalpathi AGS Group, Veranda Learning Solutions is a publicly listed ed-tech company that offers a bouquet of training programs for competitive exam preparation, including State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as a slew of professional skilling and upskilling programs in trending technologies. Veranda Learning Solutions aims at offering a robust learning platform riding on a network of strong mentors, educationists, and tech experts.

Veranda Learning Solutions’ platform combines technology, processes, and methodologies to provide high-quality, in-depth, personalized learning opportunities and content to learners across the country. Dedicated to creating an impact on students and delivering successful academic outcomes, Veranda adopts a multi-modal delivery system backed by a rigorous and disciplined learning framework.

The company provides services through its subsidiaries: Veranda Race, Veranda IAS, JK Shah Classes, and Edureka – the customer-facing brand of Brain4ce Education Solutions.

Uber Launches Airport-Friendly Features For Riders And Drivers In India

Uber announced a slew of new features to make airport travel a breeze for riders as well as drivers ahead of the busy summer travel season. This includes the option to ‘Reserve’ rides up to 90 days in advance. The ridesharing company has been working to create a seamless airport transit experience, and already has dedicated pick-up and parking slots at all major airports in the country. 

Here are the new features for riders to navigate their rides better at the airport: 

Directions To Pickup 

Allowing flyers to better utilise their time at airports, the Uber app now features a step-by-step wayfinding guide, assisting riders on their way from the gate all the way to the Uber pickup zones. The guide includes actual pictures from the airport, guiding passengers to seamlessly make their way to their Uber. The feature is being rolled out across 13 of the busiest airports in the country, catering to a vast majority of flyers. 

Additionally, riders at select airports will also see the approximate walking time from their gate to the pickup zone, helping them plan their journey accurately. 

Delhi Airport

Hyderabad Airport

Travel Integration to Pre-book Rides

With an aim to help people plan their travel to airports at the tap of a button, Uber has introduced a new feature where riders can opt to sync their travel plans with Uber via email integration. The new feature helps riders pre-book their rides, while being assisted with pre-filled dates and times on their Uber app, corresponding to their flight, saving them the hassle of booking a trip at the last moment. 

The new feature is an opt-in, and will require riders to sync their email IDs with their Uber app to be able to access it.  

Uber Reserve

Uber Reserve trips will be available to be booked up to 90 days in advance. This extension will allow for better planning when it comes to reserving a ride, including to the airport. This also gives driver partners the added advantage of being able to lock in their potential earnings, and plan their time better.

Uber Reserve rides, while being available for airport drop-offs, can also be booked for regular, planned travel, and are available through a range of options, including Uber Premier, Uber XL, Uber Intercity, and Uber Rentals. 

Boosting Driver Support for Airport Trips

For greater transparency and information for driver partners around airport trips, Uber has introduced an update for them too. The Uber driver app will now show the approximate waiting time at the airport before drivers can expect to get a ride, the number of cars in queue, and the number of expected flight arrivals over the next hour. These updates have been introduced with an aim to help drivers plan their airport trips better, and to offer them intel on the expected time for their next ride at the airport.

Uber recently announced a thorough revamp of its app, making it more intuitive, customized to the individual preferences of each rider, offering easy access to all services, consistent experiences, and smooth flows through the booking process. The launch of these new features for airport travel is part of the redesign to make airport experience seamless as travel bounces back globally.

About Uber: 

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 10 billion trips later, we're building products to get people closer to where they want to be. Uber is available across 125 cities in India where people can book a ride on our app across two, three and four wheel products designed for their intracity and intercity travel needs. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.