Because most businesses have trimmed their expense structures to the bone, any revenue growth has an out-sized effect on profits.
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The cut was defensible: Coke's selling, general and administrative expense had ballooned to 45% of revenue from 35% in the mid-1980s.
Citigroup (nyse: C - news - people ), for one, has battled for over a year to keep the rate of expense growth below that of revenue gains, and it promises it will get back to positive territory by the end of this year.
In order to accurately make comparisons between basketball teams we standardized revenue and expense streams, since the methods of reporting to the Department of Education are often inconsistent from school to school.
Although we believe that the University is taking steps to bring operations into balance, we believe these revenue-generating and expense containment measures will take time to be fully realized.
With a constant need to upgrade technology, advertise its brand and adjust its worldwide branch network, Citi (nyse: C - news - people ) continues to struggle with keeping expense growth below revenue growth.
Citi has struggled to keep the rate of expense growth below the rate of revenue growth.
Now we are seeing copyright extremists turn their attention back to the past in search of new revenue streams at the expense of others.
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We questioned the starry-eyed revenue and expense forecasts for Galileo, a European satellite navigation venture designed to compete with the U.S.' Global Positioning System.
In the most recent quarter, for instance, total revenue rose just 3.4%, but due to operating expense control operating income rose 4.0%, net income rose 9% and net income per basic share rose 11.3%.
That is, incremental revenue dollars have less expense dollars offset against them, so more money falls to the bottom line.
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The Schwab California AMT Tax- Free Money-Fund, with a tempting 3% yield (net of a 0.45% expense ratio), contains, according to the latest published portfolio, a significant chunk of revenue bonds--meaning bonds not backed by the taxing authority of a state or local government.
Expense growth has been outpacing revenue growth for many months, despite Prince's repeated promises to get the two more aligned (or, even better, get revenues to outpace expenses).
Federal statute requires schools to report the financials for their athletic departments, and it also helps define itemized expense and revenue categories which builds uniformity in data reporting.
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