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With revenues flat, earnings growth will come from cutting costs.
A spiritual enterprise with revenues of $6bn a year?
Contrast that with revenues from the shark fin trade.
Get it wrong, though, and customers disappear, along with revenues.
We are operating for profit, with revenues from sales and product services.
The company employs 275 people worldwide, with revenues this year expected to exceed $110M.
Renaissance Solutions, for example, grew from 76 professionals with revenues of $13m in 1994 to 221 professionals with revenues of $52m in 1996.
By 2013 HP, with revenues of $120 billion in 2012, had a market capitalisation of $52 billion and IBM, with revenues of $105 billion, was worth $192 billion.
With revenues falling in many parts of the world, that is bad news for racegoers.
England's Premier League remains, however, the world's richest, with revenues of €2.4 billion.
For an organisation with revenues of $170 billion that might seem manageable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com