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News

  • Oracle profits rise but sales fall in Q1

    Oracle's first-quarter net income rose by 4 percent year-over-year to $US1.1 billion, but revenue fell by 5 percent to $US5.1 billion, the company said Wednesday. Earnings per share were $US0.22.

  • Dell's net income, revenue drop for second quarter

    Dell on Thursday reported a drop in net income and revenue during the second fiscal quarter of 2010 compared to the same period last year, but said that it anticipates that the global economy will improve and IT spending will be strong in the second half of this year.

  • IBM: Earnings rise, revenues fall, but growth ahead

    IBM on Thursday reported second-quarter earnings of US$2.32 per share, an 18 percent increase over last year, but said revenue fell 13 percent to $23.3 billion. Net income for Q2 rose 12 percent to $3.1 billion.

  • Google's Q2 revenue climbs 3 percent

    Google reported second-quarter revenue on Thursday of $US5.52 billion, a modest 3 percent increase from a year earlier but still ahead of analyst estimates.

  • Dell's net income drops 63 percent in Q1

    Dell on Thursday reported a 63 percent fall in net income during the first quarter of 2010, triggered partly by reduced PC sales and a restructuring charge related to cost cutting.

  • BT to cut another 15,000 jobs

    BT Group plans to cut about 15,000 jobs, including indirect employees, this year, the company said on Thursday while announcing its fourth quarter and annual results.

  • Nintendo sees record sales, profits despite recession

    Nintendo achieved record sales and profits in the year to March as consumers around the world snapped up its Wii console and DS handheld despite the recession, it said Thursday. The performance was ahead of revised estimates issued by the company in January this year but within the numbers was evidence of a big drop in business in its home market.

  • Cisco Q3 revenue, earnings fall

    Cisco Systems' revenue for its third fiscal quarter fell 17 percent from a year earlier, while net income plunged 21 percent to US$1.3 billion, or $0.23 per share.

  • Taiwan's big five DRAM makers post massive losses

    Taiwan's five largest DRAM makers reported massive losses in a slew of earnings reports filed late Thursday evening, raising questions about how much longer some of them can remain afloat without direct government aid.

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