Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or roughly 6,000 jobs
TECHNOLOGY POWERING BUSINESS
News financial report
Microsoft Slowdown In Cloud Growth Worries Wall Street
Share price falls after investors react negatively, as Microsoft's Azure growth misses ambitious expectations
Apple Announces Record Share Buyback, Amid iPhone Sales Decline
Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline in almost all global markets
Microsoft Beats Expectations Thanks To AI Investments
Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft, pushing shares higher
Meta Declines On Heavy AI Spending Plans, Despite Strong Q1
Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter financial results
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark
Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results
Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors
Apple Lowers iPhone Forecast, As Tim Cook Touts ‘AI Announcement’
Modest increase in first quarter profit and revenues, as Apple lowers iPhone shipment forecast, amid China sales decline
Alphabet’s Ad Revenue Miss Punished By Investors
Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss
Microsoft Profit Rises 33 Percent Thanks To AI, Cloud
Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation
Netflix Subscribers Surge Amid Password Crackdown
Saturated streaming market? Netflix pleases investors by recording notable rise in paid subscribers, on top of strong Q4 financials
Apple Disappoints As FY23 Results Decline
Declines for Mac, iPads and wearables, home and accessories, plus gloomy holiday season outlook, dents Apple's Q4 and full year results
Meta Profit Soars From Ongoing Strong Ad Spending
Meta Platforms beats expectations in its Q3 financials, helped by an ongoing uptick in digital ad spend and cost cutting measures
Alphabet Profits But Cloud Sales Disappoints
Share price drops after Google Cloud miss, overshadows better-than-expected results for Alphabet's third quarter
Microsoft Q1 Benefits From Cloud Strength
Microsoft beats Wall Street expectations in all categories for its first quarter financial results, helped by strong cloud performance
Nvidia Reaps AI Chip Demand As Profit Surges
Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips
Apple Shares Fall, Amid Weak iPhone Sales
Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes
Samsung Extends Chip Production Cuts After $7 Billion Loss
Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the worse is over
Facebook Parent Meta Profits From Advertising Increase
Year of efficiency paying off for Mark Zuckerberg, as Meta enjoys a strong second quarter thanks in part to advertising uptick
Microsoft Signals Heavy AI Spending, Amid Healthy FY23 Results
Software giant beats Wall Street Q4 expectations, as firm details heavy spending to meet demand for AI services
Samsung Warns Of 96 Percent Q2 Profit Plunge
Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent
Intel Restructures Manufacturing Business, Shares Slide
During investor update, Intel confirms manufacturing business will work like a separate unit as part of Pat Gelsinger's foundry plan
BT To Cut 55,000 Jobs By 2030
Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles will be replaced by AI
Vodafone To Cut 11,000 Jobs, After Strategic Review
New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn around its fortunes
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
Microsoft Shares Rise As Q3 Earnings Beat Forecasts
Azure cloud delivers for Microsoft despite tough economic conditions – with artificial intelligence slated for future growth
Alphabet Earnings Miss Expectations, As YouTube Declines
Google parent Alphabet has felt the impact of reduced advertising spending, after its latest financials mostly missed Wall Street expectations
Amazon Posts Annual Loss Amid Restructuring
Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses