Meta shares collapse due to disastrous quarterly results
Facebook parent company Meta recently published its yearly results. Especially the profit in the fourth quarter was lower than expected. The expectations for the first quarter of this year are everything but optimistic. Meta shares plunged 23 percent in hours.
Meta presented the quarterly and an... Read more
Google parent Alphabet increases cloud revenue substantially
Alphabet, the parent company of Google, has posted hefty revenue from the cloud and advertising. This is evident from the quarterly figures for the fourth fiscal quarter of 2021.
Alphabet posted revenue of 66.7 billion euros ($75.3 billion) in the fourth fiscal quarter of 2021 -- an increase of ... Read more
Intel to outsource part of its processor production
Intel is well on its way to start producing processors on the 7nm process in 2023. However, the company no longer wants to make these processors exclusively in its own factories.
This is what future Intel CEO Pat Gelsinger said during a presentation of Intel's quarterly figures. These figures we... Read more
Logitech benefits from Covid-19: revenue nearly doubles
Logitech has announced its quarterly results for Q3 of fiscal year 2021. The company, which specialises in computer peripherals, has benefited greatly from the trend towards working from home.
In the third quarter of FY2021, Logitech posted revenue of 1.67 billion dollars (1.38 billion euros). C... Read more
Tech giants manage corona pandemic better than smaller rivals
Several tech companies published their quarterly results this week. The figures show that Facebook and Google parent company Alphabet have recorded strong growth in advertising sales despite the corona crisis. Microsoft also had a good quarter.
Twitter
Twitter was less successful, noting fewe... Read more
Western Digital: Flash storage market has bottomed out
Steve Milligan, CEO of Western Digital, states that the flash storage market has bottomed out and storage conditions are now improving. He also sees momentum arising in enterprises for solid state NVMe-drives.
Milligan made his statements at the announcement of Western Digital's fourth-quarter figur... Read more
Huawei sees turnover grow despite being blacklisted
Huawei has seen its turnover grow significantly in the first half of 2019, despite being blacklisted in the US. Turnover rose 23 percent from the first half of 2018 to 401.3 billion yuan (52.30 billion euros).
Although sales increased in the first half of this year, Huawei is now arguing that it con... Read more
AWS sees growth slowing down, while Google Cloud sales rise sharply
Amazon Web Services has seen its growth fall to its lowest point since the results of this Amazon division were reported separately. In the meantime, Google Cloud is experiencing considerable growth.
The growth of Amazon Web Services (AWS) in the second quarter of this year was 37 percent compared t... Read more
Microsoft sees growth of Azure slow down in fourth quarter
Microsoft has had a very strong fourth quarter of its fiscal year 2019. The company even saw its market value exceed a trillion dollars (1ooo billion) again. However, we can see that growth in a significant part of the company is stagnating.
Several departments of Microsoft again saw strong growth i... Read more
Quarterly figures Workday better than expected, equities hardly rise
Workday achieved better results in the first quarter of the year than analysts had expected. The company has also raised its expectations for the next quarter and the whole of 2019, reports Silicon Angle.
Workday, which sells software for financial management and HR, reported a profit on certain cos... Read more