Samsung quarterly profit expected to be 80 percent lower
Samsung's third-quarter profit is down about 80 percent compared to last year, according to analysts. One major cause is the continued reduction in demand for chips, which is normally the South Korean tech conglomerate's cash cow.
Reuters reports that Samsung's quarterly profit is expected to co... Read more
CrowdStrike and Okta record better quarterly results
CrowdStrike is seeing much more demand for its solutions and posted good numbers for its second quarter of fiscal 2024. Okta also saw revenue growth in the second quarter of this fiscal year.
The CrowdStrike quarterly figures show that the security company posted revenue of 674.1 million euros (... Read more
Disappointing quarterly results for both HPE and HP
HPE saw its share price plunge after disappointing forecasts for the upcoming fourth quarter. HP saw its share price fall following the release of its quarterly results.
In the third quarter of 2023, HPE managed to grow its revenue by 1 percent in comparison with the same quarter in 2022. The te... Read more
Nvidia books record profit of $6B and fighting to produce enough GPUs
Nvidia CEO Jensen Huang thinks the AI hype will continue for a while. Meanwhile, Nvidia has been part of the "trillion dollar club" for a few months now, but it is also buying back $25 billion in its own shares. Thus it seems that Huang and co expect even more of a value increase. Can it deliver en... Read more
Intel reports quarterly profit, wants to take AI everywhere
Intel presented its financial figures last week, following earnings calls from Microsoft, Google and Samsung, among others. These showed that it had a profitable quarter, thanks in part to the significant downsizing the company has undergone under Pat Gelsinger's leadership. The chip giant also loo... Read more
Samsung records poor quarter, profits down by 90%
Samsung Electronics has had another poor quarter. DRAM chips are struggling to sell as demand for PCs remains small. Disappointing smartphone sales also contribute to a significant surplus of system memory still in stock.
Earlier this month, the company had indicated that it expected the lowest ... Read more
Microsoft and Google see profits rise thanks to cloud divisions
Big tech is benefiting from the continuous movement to the cloud. Both Google and Microsoft saw substantial revenue increases in this sector, thanks in part to the explosion in AI investments.
Last quarter we came with the news that Google Cloud had become profitable for the first time. Fiscal r... Read more
ASML still has full order books in second quarter of 2023
Despite a disappointing chip market, ASML is still doing well. Mainly due to full order books and quarterly sales of 6.9 billion euros.
This is evident from the financial results for the second quarter of 2023. Sales have increased compared to the same period in 2022, when they came out at 5.4 b... Read more
SUSE records disappointing financial results in second quarter
SUSE recorded only slight growth in sales in the second quarter of 2023. The open source and Linux giant attributes this disappointing result to ongoing poor economic conditions.
In the second quarter of this year, SUSE managed to achieve a small sales growth of one percent to a total of $162 mi... Read more
Samsung expects lowest quarterly profit in 14 years
The crisis in the global chip market is causing Samsung's second-quarter profit to fall sharply. An end to the problems in the chip market is not expected until 2024.
In its preliminary financial results for the second quarter of 2023, Samsung indicates that profits have hit a low point. It is l... Read more