Oracle's total revenue dipped 1 per cent and profits remained almost flat in its most recent quarter, as revenue from new software licenses and cloud services dropped by 2 per cent.
Taiwanese PC maker, Acer, reported a net loss in last year's fourth quarter, weighed down by a $US120 million write-off related to its Gateway, eMachines and Packard Bell product brands.
While U.S. markets have surged lately, with the Dow Jones Industrial Average hitting milestone after milestone in 10 straight days of advances, a relatively modest increase in the value of IT company shares reflects the reality that a rising tide wil...
With U.S. markets rallying and the Dow Jones Industrial Average hitting record highs, analysts and industry insiders are expressing a sense of sober confidence, if not exuberance, about the tech sector's prospects for the year.
Even though PC giants Hewlett-Packard and Dell reported significant year-over-year sales declines, tech stocks, buoyed by signs of confidence from other IT vendors, started to rise again Friday after slumping for most of the week.
Hewlett-Packard's CEO has dismissed persistent rumours that the company might break itself up in a move that could create more value for shareholders.
Hewlett-Packard reported a drop in profit for the last quarter as printer and PC sales both declined, but said cost-cutting measures the company announced last year are starting to pay off.
France Télécom reported a 4.5 percent drop in revenue in the fourth quarter, blaming much of the decline on regulatory measures.
Dell has reported another quarter of declining revenue and profits as the company's CEO continues his battle to take the PC maker private.
Cisco Systems posted higher revenue and profit in its fiscal second quarter as Chairman and CEO John Chambers reiterated the company's ambitious goal to become the biggest company in IT.
The U.K.'s Financial Reporting Council has launched a probe into Autonomy's financial reporting over a period of more than two years prior to its acquisition by Hewlett-Packard.
Solid sales reports from companies as diverse as Akamai, LinkedIn and NCR as well as positive economic data buoyed shares of IT companies Friday as markets closed in on multiyear highs.
Sprint Nextel posted another quarterly loss but reported progress toward becoming just plain Sprint, a company with more money and fewer networks, which it hopes to be by the end of this year.
Alcatel-Lucent reported a fourth-quarter net loss of €1.37 billion (US$1.81 billion), and at the same time announced it is hunting for a new CEO.
Sony's Vita and PlayStation Portable handheld game consoles continued to struggle in the crucial holiday shopping season, but the company shrunk its overall losses from a year ago and is still on track to return to profitability this fiscal year.
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