Samsung’s profit evaporates by 50 percent due to lower memory prices
Samsung's profits in Q2 have been halved due to price declines in the market for memory chips and slower sales of the brand's flagship smartphones. The company recorded a profit of 6.6 billion, a decrease of 56 percent compared to a year ago.
However, Samsung's memory division still contributed most... 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
ServiceNow sees turnover grow by 36 percent, but incurs a small loss
ServiceNow has announced its results for 2018. Turnover rose sharply, from USD 1.9 billion to USD 2.6 billion (EUR 2.3 billion). That is a growth of no less than 36 percent. A little less beautiful is the net loss of $26.7 million that the company suffered. Yet that is much less than a year before, ... Read more
Box third quarter exceeds analysts’ expectations
Box has exceeded analysts' expectations in the third quarter of this year. The company also says it expects to be profitable for the first time in the fourth quarter.
"With over 40 percent growth in contracts worth more than $100,000 and our add-on products growing to over 80 percent of these contra... Read more