Bank of Queensland boosts full-year profit 21%
A 16% increase in deposits helped the company weather the economic crisis
A 16% increase in deposits helped the company weather the economic crisis
Company remains hopeful it can reach its full-year sales targets
Profits could slump by over 16% if exchange rates remain the same
Facing tough competition
Full results due in September
Oracle's first-quarter net income rose by 4 percent year-over-year to $US1.1 billion, but revenue fell by 5 percent to $US5.1 billion, the company said Wednesday. Earnings per share were $US0.22.
Hewlett-Packard reported a 2 percent drop in revenue for the July quarter, which was better than expected, and said its business is stabilizing.
Google reported second-quarter revenue on Thursday of $US5.52 billion, a modest 3 percent increase from a year earlier but still ahead of analyst estimates.
Dell on Thursday reported a 63 percent fall in net income during the first quarter of 2010, triggered partly by reduced PC sales and a restructuring charge related to cost cutting.
Sony reported Thursday a loss for its fiscal year ended March 31, hit by the slowdown of the global economy, the appreciation of the yen, and a decline in the Japanese stock market.
SAP reported first quarter net income down 16 percent year on year, and revenue down 3 percent, as customers remain reluctant to spend on new software.
Google's profit took a dive in the fourth quarter, which ended Dec. 31, while revenue grew almost 20 percent, the company announced Thursday.