MAM
NextWealth increases its footprint through expanded global partnership with Jumio
Mumbai: NextWealth, a leading pure-play data services provider in the country, announced an expansion of its strategic partnership with Jumio, the leading provider of automated, end-to-end identity proofing, risk assessment and compliance solutions. With this partnership, NextWealth will renew and expand its work to provide identity verification services for Jumio, allowing Jumio to continue accelerating its innovation in the arena of automated, technology-driven solutions. For NextWealth, this long-term partnership will help to add more centres in small towns in keeping with its purpose of generating local employment.
NextWealth Increases its Footprint through an expanded global partnership with Jumio
NextWealth, with its proven track record of hiring and developing talent, and delivering enterprise-grade quality at scale, will enable Jumio to ensure seamless continuity of its global business and scale its operations securely.
“Jumio’s mission to make the internet a safer place relies on the ongoing development of innovative fraud prevention solutions to thwart cybercriminals and their increasingly sophisticated tactics,” said Jumio CTO Stuart Wells. “Partnering with NextWealth enables Jumio to focus on our core business and technology objectives and support our customers wherever they do business across the globe.”
“We are excited about expanding our partnership and supporting Jumio in its growth journey. The partnership between NextWealth and Jumio will further cement our position as one of the largest pure-play, AI/ML-driven data services players in the country,” said NextWealth CEO Mythily Ramesh. “NextWealth’s portfolio of digital solutions and service offerings will provide Jumio international-level quality, with the flexibility to manage business fluctuations in a secure business ecosystem. This will enable Jumio’s customers to have a smooth and seamless experience combined with the assurance of security and trust.”
Brands
Domino’s Q1 profit falls 6.6 per cent, announces $1 billion buyback
Sales rise 3.4 per cent as pizza giant balances growth and shareholder returns
NEW YORK: Domino’s reported a mixed start to 2026, with first-quarter net income slipping even as global sales and store expansion held steady. The company also announced a fresh $1 billion share buyback, underlining its continued focus on shareholder returns.
Global retail sales rose 3.4 per cent on a constant-currency basis to $4.74 billion. The US remained a key growth engine, with same-store sales inching up 0.9 per cent, supported by a 1.5 per cent rise at company-owned outlets.
International markets, however, painted a more uneven picture. While Domino’s added 161 net new stores overseas during the quarter, international same-store sales declined 0.4 per cent. Overall revenues still climbed 3.5 per cent to $1.15 billion, driven by higher supply chain revenues and a 2.6 per cent increase in food basket pricing for franchisees.
On the profitability front, net income fell 6.6 per cent to $139.8 million, compared to $149.7 million a year earlier. Diluted earnings per share dropped to $4.13 from $4.33. The decline was largely attributed to a $30 million unfavourable swing in unrealised gains linked to its investment in DPC Dash Ltd.
Despite this, operational performance showed resilience. Income from operations rose 9.6 per cent to $230.4 million, supported in part by a $7.8 million pre-tax gain from the sale of a corporate aircraft.
Domino’s footprint continued to expand, with the company ending the quarter at 22,322 stores across more than 90 markets. In the US, digital orders remained dominant, accounting for over 85 per cent of retail sales in 2025.
The company also maintained its dividend payout, declaring $1.99 per share, payable on 30 June 2026. After repurchasing $75.1 million worth of stock during the quarter, the new authorisation lifts the total available for buybacks to $1.29 billion.
Domino’s chief executive officer Russell Weiner said the company’s scale and store-level economics position it well to capture further market share in 2026, even as competition intensifies.
As Domino’s leans into expansion and capital returns, the latest results show a business managing short-term pressures while keeping its long-term growth strategy firmly in play.
