Oracle's second-quarter revenue rose 2 percent to US$9.3 billion while net income dropped 1 percent to $2.6 billion, with new software license and cloud subscription revenue flat and hardware product revenue continuing a long slide.
A pension investment group has sued IBM, claiming that the company failed to warn investors that sales in China would slow dramatically following revelations that IBM was helping the U.S. National Security Agency spy on the Chinese.
Technology stocks are up for the year as shares of many vendors are back to pre-recession levels, but recent company results and market research reports have been mixed, calling into question how some vendors will fare next year.
Cisco Systems forecast slower long-term revenue growth Thursday, citing conservative spending by its customers and uncertainty about the economy in some parts of the world.
The Nasdaq computer index Friday hit its highest point since November 2000, in the wake of the dot-com bust, despite mixed reports this week from the hardware and components sector.
U.S. securities regulators questioned an early version of Twitter's initial public offering prospectus that claimed the social media company was becoming more profitable when it was actually losing increasing amounts of money.
Hewlett-Packard has reported results for the last quarter of its fiscal year, and although sales were down from a year earlier there were some much-needed signs of improvement.
With a lull in major tech earnings news this week, Intel's investor day and Salesforce.com's Dreamforce developer and partner conference gave market watchers plenty to mull over.
In his last appearance at a Microsoft shareholder meeting as CEO, Steve Ballmer said he's completely certain the company is in very good shape to succeed in the next decade under someone else's captainship.
A fresh round of quarterly results and market research this week show some shadows over the networking and component markets while smartphones, as usual, were the stars of the tech arena.
Cisco Systems has stunned Wall Street with a gloomy financial forecast it blamed on falling demand in developing countries and transitions in some of its product lines.
Cisco Systems missed its revenue forecast and logged a year-over-year profit decline in its fiscal first quarter.
Vodafone now plans to invest £7 billion (US$11.1 billion) in network and service improvements to turn around its sagging service revenue in Europe, the mobile operator said as it announced its results for six months to Sept. 30.
Chinese PC maker Lenovo posted a 36 percent year-over-year growth in its net profit in the third quarter, with demand for the company's smartphones and tablets continuing to outpace shipments for its PC products.
Though the shutdown and spending cuts by the U.S. government are taking a toll on IT sales this year, market surveys and financial results from the likes of Apple and Facebook this week show some positive signs for tech.
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