financial report

Meta Pleases Investors With ‘Year Of Efficiency’ Pledge

After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in…

2 years ago

HP To Layoff 4,000 To 6,000 Staff Over Next Three Years

Smaller still. Thousands of job cuts are coming to HP's global workforce, in addition to the 9,000 jobs it axed…

2 years ago

Apple Rides The Storm With Solid Earnings

Amid investor tech gloom, Apple's Q4 and full year results prove to be a bright spot, but it admits holiday…

2 years ago

Meta Shares Plummet Over Costs, Weak Forecast

Investors take fright as Meta's revenues fall for second straight quarter, and warns of more costs ahead, forecasts weak holiday…

2 years ago

Microsoft Shares Sink After Weak Forecast

Enterprise software giant Microsoft beat Wall Street expectations, but shares fell as it issued weak guidance for the coming quarter

2 years ago

Huawei Founder Warns Of Painful Decade

Stark survival warning from founder of Huawei about firm's prospects over the next ten years, amid global downturn and China…

2 years ago

Amazon Posts Second Straight Loss After Rivian Stake Writedown

Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of…

2 years ago

Apple Shrugs Off Economic Gloom, But Profit Slips

No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates

2 years ago

Meta Posts First Ever Revenue Decline, Amid Intense Pressures

CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline

2 years ago

Microsoft Q4 Profits From Cloud Growth, But Misses Forecasts

Windows and Xbox declines for Microsoft, which blames economic turmoil as its strong furth quarter earnings misses some analyst forecasts

2 years ago

Tesla Sells 75 Percent Of Bitcoin Holdings

Bitcoin price slides after Elon Musk says cryptocurrency sale was to maximise Tesla's cash position after a shaky second quarter

2 years ago

Apple Profits Surge, As Firm Warns Of Trouble Ahead

No interruption for the Apple gravy train, as it shrugged off supply chain troubles. However it forecasted bigger problems ahead

3 years ago

Meta Pleases Investors After Daily User Number Growth Returns

Shares in Meta rose 20 percent in relief with modest daily and monthly user growth, despite mixed financial results in…

3 years ago

Alphabet Profit Slides As YouTube Misses Expectations

Tech giant posts mixed first quarter results, as Alphabet contends with rising inflation, increased YouTube competition, and falling ad spend

3 years ago

Meta Stock Suffers, As Facebook Loses Daily Users For First Time

Facebook warns of significant Apple iOS privacy impact, which will decrease sales in the coming year by as much as…

3 years ago

Apple Shrugs Off Chip Shortage With Record Revenues

Tech giant surpasses Wall Street predictions, as revenues grow 11 percent despite Omicron variant and ongoing global chip shortage

3 years ago

Huawei Admits 2021 Revenues Down Nearly 30 Percent

Chinese networking giant reveals scale of challenge posed by ongoing US and Western restrictions to its business performance

3 years ago

BT Raises FTTP Target To 25 Million Premises

Despite a tough financial year, an extra five million premises has been added to BT's deployment of FTTP broadband, creating…

4 years ago

Amazon Posts Record Results, As Prime Video Catches Netflix

E-commerce and cloud services giant Amazon is another pandemic winner, after it posted record profits and revenues thanks to strong…

4 years ago

Apple Delays iPhone 12, As Sales Shrug Off Virus Gloom

What pandemic? Apple defies store closures, stalling economies and the global Coronavirus pandemic to deliver strong financials

4 years ago

Amazon Tells Investors To ‘Take A Seat’ As Spending Rises

Sitting in the sweet spot as Amazon takes advantage on demand for online goods, groceries and cloud services during Coronavirus…

5 years ago

Apple Profits Dip But Sales Rise, Amid Global Pandemic

Modest dip in quarterly profits at Apple due to closure of its retail stores in key markets during the global…

5 years ago

Facebook Advertising Growth Slows Amid Pandemic

The global slowdown in the digital advertising market due to the Coronavirus pandemic, slows advertising revenue growth at Facebook

5 years ago

Coronavirus: Google Profits Rise, But Warns Of Pain Ahead

Alphabet delivers strong set of quarterly financial results, despite advertising decline in March as global Coronavirus pandemic starts to bite

5 years ago

Microsoft Warns Of Coronavirus Impact

Redmond does not expect to meet its guidance for sales of Windows and Surface devices due to the coronavirus outbreak

5 years ago

HP $15 Billion Share Buyback To Thwart Xerox Advances

HP board announces 'financial value creation plan' that will see it buy back billions in shares, to defeat Xerox's offer…

5 years ago

Microsoft Cloud Growth Pleases Wall Street

Microsoft is now worth $1.25 trillion after stock price rise thanks to continued growth of Redmond's Azure cloud business

5 years ago