IBM earnings slump as company shifts to cloud, mobile and analytics
IBM is hitting a rough patch financially as it shifts its strategy from hardware to cloud, mobile and analytics technology.
IBM is hitting a rough patch financially as it shifts its strategy from hardware to cloud, mobile and analytics technology.
Google missed analyst forecasts for both earnings and income in the third quarter, while the amount it makes when users click on ads also dipped.
It's just days until the start of Oracle's OpenWorld conference, an already massive affair that will be even bigger this year given the company's recent acquisitions and forays into new product areas.
In their first day of trading, shares of Alibaba stock opened at US$92.70 on the New York Stock Exchange on Friday, an increase of more than 35 percent over the $68 initial public offering price.
It's the end of an era at Oracle, as CEO Larry Ellison has been appointed executive chairman and CTO of the vendor, with co-presidents Safra Catz and Mark Hurd named co-CEOs.
It's the end of an era at Oracle, as CEO Larry Ellison has been appointed executive chairman and CTO of the vendor, with co-presidents Safra Catz and Mark Hurd named co-CEOs.
Sony says its mobile brand is now worth a lot less than before.
Alibaba is looking to raise as much as $US21 billion in its U.S. IPO, according to documents filed Friday, making the Chinese e-commerce company's debut one of the largest initial public offerings in U.S. history.
NBN Co aims to have National Broadband Network service available to about 1 million homes and businesses in financial-year 2014-15, up from 552,000 in FY 2013-14, CEO Bill Morrow said today as the company announced financial results for the 12-month period ended 30 June 2014.
Hewlett-Packard reported a slight uptick in revenue for the second calendar quarter as its PC sales increased again.
It's not surprising that former Microsoft CEO Steve Ballmer abruptly gave up his board seat some six months after leaving the top job, and the move should help cement the regime and strategy of his successor Satya Nadella, according to several industry observers.
Lenovo's growing presence in PCs and smartphones helped the company's net profit grow 23 percent in the second quarter.
Cisco Systems will cut as many as 6000 jobs over the next 12 months, saying it needs to shift resources to growing businesses such as cloud, software and security.
Cisco Systems posted fiscal fourth-quarter revenue and earnings that were roughly flat from a year earlier as the company works through what Chairman and CEO John Chambers called "a tough environment."
Struggling PC maker Acer is showing signs of recovery with its report of improved profits in the second quarter, albeit on a smaller revenue base than a year earlier.