2023-05-26 10:07:00 ET
Recently, Sea Limited (NYSE: SE) , a technology conglomerate based in Singapore, announced a 5% pay raise for most of its employees starting in July. The reason behind this decision is the company's achievement of self-sufficiency, with its cash balance growing during the quarter.
This news has relieved investors who have experienced a turbulent journey over the past three years. However, whether this indicates the completion of the company's turnaround efforts and a return to its previous growth trajectory remains uncertain.
Let's examine Sea Limited's latest earnings announcement to gain insights into its current situation.
For further details see:
Is Sea Limited's Turnaround Work Completed?