financial

Apple Reaps Benefit From Soaring Pandemic Sales

Firm finishes 2020 with its most profitable ever quarter, thanks to soaring pandemic sales of iPhones, iPads and Macbooks

10 months 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

2 years ago

Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’

Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns 'fascist' and 'not democratic'

2 years ago

Coronavirus: IBM Pulls Annual Forecast As Client Priorities Change

Worldwide pandemic hits software sales, as IBM warns that its customer priorities are changing and it withdraws its annual forecast

2 years ago

Google Disappoints After Revealing YouTube’s $15 Billion Revenue

Strong financials from Google's parent, as it reveals for the first time the turnover of YouTube and Google Cloud business

2 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

2 years ago

Facebook Shares Fall Amid Sharp Rise In Costs

Social networking giant delivers strong financial results, but investors took fright at big increase in expenses and costs

2 years ago

Apple Pleases With Strong Sales Of iPhone 11

Strong growth at Apple propels its market valuation close to $1.4 trillion amid buoyant iPhone sales, even in China

2 years ago

Facebook Shrugs Off Scandals With Strong Financials

What crisis? Profit and revenue surge over 20 percent at Zuckerberg's house, despite a torrid year

2 years ago

Alphabet Profits Surge, But Spending Worries Investors

Shares in Google parent slide after heavy Q4 spending, but healthy advertising revenues bolsters financials

3 years ago

Oracle Results Miss Expectations As Cloud Growth Slows

Software giant blames currency fluctuations for weaker than expected financial results

3 years ago

Banks Trade £22m Using Blockchain Platform

Sign of the future? Two banks have successfully completed a securities lending transaction using blockchain

4 years ago

Intel Buoyed By Data Centre & IoT Despite Spectre & Meltdown

Mostly positive results for chip giant as data centre success helps revenue growth, as profitability dips

4 years ago

Lenovo Takes Control Of Fujitsu’s PC Unit

Fujitsu finally offloads PC unit as Lenovo takes controlling stake for £119 million

4 years ago

Google’s Alphabet Profits From Advertising Sales Surge As Cloud & Hardware Grow

Advertising, cloud, and Pixel smartphones all help deliver more stunning growth for search engine giant

5 years ago

IBM Unleashes Watson To Secure Swiss Financial Sector With Next-Gen SOC

Watson will provide cognitive cyber security tools and services for Swiss-based businesses

5 years ago

IBM Revenue Decline Continues Despite Cloud & Analytics Growth

Cloud and analytics continues to perform, but IBM continues to shrink with 19th consecutive revenue decline

5 years ago

FCA Approves Big Data Use By Insurance Industry

But the financial watchdog warns insurers not to use Big Data to penalise certain customers with higher premiums

5 years ago

Amazon Profits As AWS Cloud Pays Off

Amazon smashes analyst expectations as revenues and profits soar due to strong cloud and retail performance

6 years ago

Facebook Triples Profit As Advertising Revenue Soars

Facebook nearly doubles its revenue, as advertising budgets shun traditional media and move online

6 years ago

HPE ‘More Focused’ As It Delivers Strong First Quarter

Whitman claims HPE is more nimble, beats Wall Street on first results since split

6 years ago

Surge In IoT Projects Helps ARM Shrug Off Smartphone Slowdown

Smartphone slowdown? ARM posts record profit and sales, but market frets over future and shares tumble

6 years ago

IBM Posts More Declines Despite Cloud Progress

Bad news for shareholders. Fifteenth consecutive revenue fall as Big Blue continues painful migration to cloud

6 years ago

Intel Shares Fall As Data Centre Growth Fails To Impress

You can't please everyone. Intel posts solid fiscal results, yet Wall Street remains unimpressed by its data centre growth

6 years ago

HSBC Customers Angry At Ongoing Online Banking Problems

HSBC customers suffer from further online problems, with services running at a “reduced capacity”

6 years ago

Samsung Warns Of Tough Year Ahead

2016 could only see low growth for the world’s largest smartphone maker, Samsung CEO admits

6 years ago

Nutanix Files For £135m IPO

Hyper-converged storage startup Nutanix, valued as high as $2bn in 2014, sets sights on an early-2016 public debut

6 years ago

HP’s Final Results Show PC, Printer Challenges

Final set of financials before the HP split reveals declines in PCs and printers, but enterprise growth

6 years ago

UK, US Wargame Tests Financial Response To Cyber Attack

War games. British and American tests the responses of their financial centres to a major cyber attack

6 years ago

Sony’s Positive Q1 Helped By PS4, Despite Mobile Decline

Sony performs strongly, but its smartphone business remains a problem with sales down 16 percent

6 years ago