performance

/pəˈfɔːməns/ noun

Definition

› [C or U] how successful an investment, company, etc. is and how much profit it makes: The Fund's past performance does not necessarily indicate how it will perform in the future.good/solid/strong performance Last year saw a strong performance from the high-street retailer.bad/disappointing/poor performance The retailer said it would restructure operations to cut costs after its disappointing performance of the past year.business/economic/financial performance Financial performance was below expectations and we are working on improvements.boost/improve/measure performance The board is under pressure to improve performance following a profits warning in January. The business value model should include high-level performance measures such as profitability, market growth, etc. operating/trading performance

› [U] IT how well a computer, machine, etc. works: The latest Intel-based notebooks rival PC performance.

› [U] how well someone does their job or their duties: good/impressive/poor perfomance He was fired for poor performance. John's departure is not directly related to his performance.

› formal LAW the act of doing what is stated in a legal agreement: Subject to due performance of its obligations, each Party shall be entitled to receive copies of all results.

→ See also high-performance, specific performance

(Definition of performance noun from the Cambridge Business English Dictionary © Cambridge University Press)