China Mobile, the country's largest wireless carrier, reported weak profit growth in the first quarter as it struggled to squeeze more revenue out of existing customers.
Some of the biggest names in IT including IBM, Microsoft, Google and Intel reported quarterly earnings this week, revealing a picture of the tech sector that, while not as gloomy as had been feared, is nevertheless mixed.
SAP reported strong growth in cloud subscription and support revenue in the first quarter, even as the company saw a decline in software and cloud subscription revenue in the Asia-Pacific and Japan region.
Indian outsourcer Wipro reported slow revenue growth in its IT services business, reflecting a continued volatility in the outsourcing market.
Unable to close a number of large mainframe and software deals by the end of the quarter, IBM has reported a 5 percent decline in revenue to US$23.4 billion for the first quarter of 2013.
Microsoft increased revenue across all its divisions in its third fiscal quarter, achieving an almost 20 percent revenue increase year on year.
Advanced Micro Devices reported a 31 percent drop in revenue for the first quarter as it continues to battle a weak PC market and lackluster demand for its chips.
Verizon Communications reported an increase in revenue and a double-digit spike in net income for the first quarter of 2013, compared to a year earlier, driven largely by gains in mobile customers and in revenue from its Fios service.
Nokia's sales of smartphones running Windows Phone continued to grow in the first quarter, and its net loss shrank year on year, even as overall revenue declined.
Taiwan Semiconductor Manufacturing Co. (TSMC) reported that its first quarter net profit was up 18 percent year-over-year, as its revenue for the period exceeded its projections.
India's Tata Consultancy Services reported strong first quarter revenue and profit growth, despite indications that the outsourcing market is still uncertain.
Intel reported a drop in profits and revenue for the first quarter, as the biggest PC market slump in recent memory weighed on its business.
Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets.
Just as tech stocks were starting to rise this week, dismal PC sales reports for the first quarter burst the very short-lived bubble, causing shares of IT companies to fall back to earth Thursday.
Taiwanese smartphone maker HTC reported a major decline in its first quarter profit, after the company was forced to push back the launch of its newest flagship phone to April.
Most Popular Reviews
- 1 HTC One (M9) review: The weakest One in the trilogy
- 2 Google Nexus 9 review: The best of Google and HTC
- 3 Subaru WRX Premium CVT review: A wolf in sheep’s clothing
- 4 Oppo R5 review: Among the most innovative of smartphones
- 5 Apple Mac Mini review: A Macintosh that's easy on the wallet
Join the Good Gear Guide newsletter!
Best Deals on GoodGearGuide
Latest News Articles
- IBM to pump $3 billion into new IoT business unit
- EFF questions US government's software flaw disclosure policy
- Seagate Seven portable hard drive (500GB)
- US trade body to investigate Apple after Ericsson complaints
- With Tidal relaunch, Jay Z doubles down on streaming for audiophiles
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
- CCSenior Systems EngineerNSW
- FTDigital Producer - Mobile AppsNSW
- CCMobile Designer / Developer - IOSNSW
- FTCRM Campaign ManagerNSW
- CCMobile iOS DeveloperNSW
- FTMarketing Executive | MusicNSW
- FTDigital Producer - ConsumerNSW
- FTEmail Campaign Manager - leading fashion group!NSW
- FTSenior SQL DBANSW
- CCDBA (Oracle/SQL)NSW
- FTDigital Communications Specialist | Internet Services| BrisbaneNSW
- FT.Net Solution ArchitectNSW
- CCMobile Designer / Developer - IOSNSW
- FTSales Manager - Seller AdvertisingNSW
- FTMobile Sales managerNSW
- FTAgency Sales Manager - Software Sales - Major Global Tech Company!NSW
- FTMedia Sales Executive - Client Side!!NSW
- CC.Net Solution ArchitectNSW
- FTProduct Producer | MobileNSW
- CCSenior Release EngineerNSW
- FTApplication Support SpecialistNSW