Twitter warns of Covid-19 impact on Q1 results

Written on Tuesday, 24 March 2020 08:58
Twitter has announced it expects operating loss in the first-quarter, and quarterly revenue to be down on a year-over-year basis, as a result of the impact of the coronavirus pandemic. "Twitter had a strong start to the year before the effects of COVID-19 began spreading more broadly...... it has impacted Twitter's advertising revenue globally more significantly in the last few weeks," said Ned Segal, Twitter's Chief Financial Officer. Despite this, the crisis has significantly expanded its average daily user base…
Google’s parent company, Alphabet, reported its fourth-quarter and full-year financial results. The company’s revenue grew from $39.3 billion in 2018 to $46.1 billion in 2019. The firm’s net income also expanded from $8.9 billion to $10.7 billion over the same time frame. However, the figures, when compared to expectation, were mixed. Alphabet missed revenue expectations in the fourth quarter despite stellar growth at YouTube and in the cloud, earnings figures showed. Detailing its cloud computing and YouTube revenues for the…

Apple, Broadcom trialed for patent infringement

Written on Thursday, 30 January 2020 07:53
A Los Angeles jury ordered Apple and Broadcom to pay $1.1 billion to a university in California for infringing on four Wi-Fi technology patents. Apple was ordered to pay $837 million and Broadcom must pay $270 million to the California Institute of Technology, in what is thought to be one of the largest patent verdicts ever. Caltech University had sued both tech giants in 2016, alleging that Apple products including iPhones, iPads and Apple Watches used Broadcom components that infringed…

Apple exceeds expectations with record quarterly revenue

Written on Wednesday, 29 January 2020 10:42
Apple has delivered record results for the final three months of last year, delivering gains in sales of iPhones even as the company transitions to digital services and wearables. Net profit hit an all-time high of $22 billion on record quarterly revenue of $91.8 billion, the California tech giant said of the results which were far stronger than most analyst estimates. Previously, Apple told investors that it expected revenue of “between $85.5 billion and $89.5 billion” in the quarter, along…

Italian regulator threatens Facebook with €5m fine

Written on Monday, 27 January 2020 11:01
Italy’s Competition Authority (ICA) has taken legal action against Facebook, threatening to fine the social media giant for failing to comply with their terms regarding data practices involving user data which were previously set in November 2018. The ICA issued a statement which read that if a company failed to comply with their terms, it would potentially result in a €5 million fine. Facebook was fined €5 million back in November 3018 after the ICA found that the social media…

Intel reports fourth quarter and 2019 financial results

Written on Monday, 27 January 2020 10:30
Intel Corporation today reported fourth-quarter and full-year 2019 financial results. Intel exceeded expectations with a record revenue of $20.2 billion, up 8 percent year-over-year (YoY). Full-year revenue set an all-time record of $72.0 billion, up 2 percent YoY on data-centric growth. Intel also delivered outstanding fourth-quarter earnings per share (EPS) of $1.58.A record $33.1 billion cash was generated from operations and $16.9 billion of free cash flow, and returned approximately $19.2 billion to shareholders. The company’s board of directors approved…

EU approves IBM's $34 bn Red Hat acquisition

Written on Sunday, 30 June 2019 13:32
The EU's powerful anti-trust authority cleared the buyout by IBM of open source software company Red Hat, one of the biggest tech mergers in history which the computing giant said would enhance its cloud offerings.

US chipmaker sees shares plunge after antitrust ruling

Written on Thursday, 23 May 2019 07:59
The US manufacturer of superchips that powers our smartphones has seen its shares plummet following an antitrust ruling.

SoftBank loses $16bn following Uber IPO

Written on Wednesday, 15 May 2019 09:39
The market value of SoftBank Group, Uber’s biggest stakeholder, has decreased by $16 billion following Uber’s disappointing initial public offering.
Global ride-hailing firm Uber has projected a more measured valuation ahead of its IPO debut on the New York Stock Exchange later this week.
US technology behemoth Microsoft is edging nearer a trillion-dollar valuation after its profits soared in the first-quarter of 2019. Microsoft enjoyed the increase in its revenues largely because of its cloud and business services continue to resonate with the market. Profits’ in the opening quarter climbed by 19% to $8.8bn and that represents an increase of 14% from the same period a year earlier. Microsoft also saw its shares gain 3% on the New York Stock Exchange which pushes it…
US chipmaker Qualcomm has seen its shares prices soar on the New York Stock Exchange following the end to a long-running dispute between them and iPhone manufacturer Apple over patent license agreements. The pair where set for another protracted legal battle in San Diego but managed to broker an agreement that satisfied both parties over royalty payments. It has been reported that resolution deal between Apple and Qualcomm includes a six-year license agreement with the option to extend for two…
Page 1 of 17