Samsung Electronics said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers. The world’s biggest maker of memory chips, smartphones and television sets also flagged softer demand for smartphone OLED panels as a challenge for the second quarter, while its […]
By Salvador Rodriguez and Laharee Chatterjee Feb 28 (Reuters) – Salesforce.com Inc posted a quarterly profit that topped Wall Street targets on Wednesday fueled by growth in its cloud-based sales and marketing software. Shares of the company, which have risen nearly 14 percent this year, were up slightly at $117 in extended trading. The San […]
(RTTNews.com) – Business software giant Oracle Corp. ( ORCL ), Thursday reported an increase in profit for the second quarter, as revenues grew 6 percent reflecting strong growth in cloud revenues. Earnings for the quarter trumped Wall Street estimates, as did revenues. Redwood Shores, California-based Oracle’s second-quarter profit rose to $2.23 billion or $0.52 per share from […]
HIGHLIGHTS BlackBerry Posts Strong Profit on Enterprise Sales, Licensing Revenue It said more sales, marketing staff will be hired Leadership positions will also see additions Canada’s BlackBerry Ltd beat third-quarter earnings forecasts on Wednesday amid strong enterprise software sales and licensing revenue, sending its Toronto-listed shares surging 12 percent to a four-year high. The company, which has […]
(Adds details on quarterly earnings, shares) Oct 26 (Reuters) – Microsoft Corp reported a better-than-expected quarterly profit on Thursday as demand for its cloud computing services for companies rose and personal computer software business stabilized. Shares of the technology giant were up 1.76 percent at $80.15 in trading after the bell. Microsoft’s focus on fast-growing […]
(Adds details, shares) July 20 (Reuters) – Microsoft Corp reported a better-than-expected quarterly profit and revenue, helped by a strong performance in its fast-growing cloud business. The company’s shares rose as much as 1.5 percent in trading after the bell on Thursday. They had touched a record high of $74.30 in regular trading. Microsoft said […]
FILE PHOTO: SAP headquarters in Walldorf, Germany, January 24, 2017. FRANKFURT (Reuters) – Newer cloud services powered a rise in second-quarter revenue at Germany’s SAP but higher costs curbed profit growth, results from Europe’s most valuable technology firm showed on Thursday. Core profits excluding special items rose 3 percent to 1.57 billion euros at constant […]
(RTTNews.com) – Business software giant Oracle Corp. ( ORCL ), Wednesday reported an increase in profit for the third quarter, as revenues grew 3 percent reflecting strong growth in cloud revenues. Earnings for the quarter trumped Wall Street estimates, while revenues fell short of expectations. Redwood Shores, California-based Oracle’s third-quarter profit rose to $2.24 billion […]
Samsung’s profits have declined by over 30% for Q3 2016 as per numbers released by the South Korean tech company. The decline is attributed to theGalaxy Note 7 fiasco that not only cost the company billions of dollars in recall but also tarnished its image. The third quarter earnings were announced just hours before the start […]