EMC saw fourth-quarter revenue rise 8 percent, driven mainly by strong performance at its VMware subsidiary, while net income rose 5 percent, both record figures for the company.
VMware said Monday it will cut 900 jobs in a move to focus more on high potential businesses, as profits remained strong but growth slowed.
Yahoo's revenue climbed 2 percent in the fourth quarter, though its display ad business shrank and profit was down from a year earlier.
Despite Microsoft's quarterly profit decline and Apple's fall Friday from its position as the world's most highly valued company, this week's wave of earnings reports was strong, boosting markets to highs not seen since before the recession.
Samsung Electronics posted record profits during the holiday shopping season, on strong sales of mobile phones and TVs from its premium to low-end lineups.
AT&T reported a slight increase in revenue and a smaller net loss for the fourth quarter, helped along largely by smartphone and broadband sales.
Though Microsoft's second-fiscal-quarter profit declined, company revenue increased, helped by its Windows division, where sales shot up more than 20 percent year on year.
Nokia swung to a net profit during the fourth quarter, as it sold a growing number of Windows Phone-based smartphones.
Apple TV was until now considered a "hobby," by Apple's own admission, but the product has taken on more importance for CEO Tim Cook.
Apple's revenue grew but profit was flat in its first fiscal quarter of 2013, during which sales of iPhones and iPads rose, but Mac and iPod shipments dropped.
SAP's revenue in the fourth quarter grew by 12 percent, helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile applications.
Making the most of a sluggish world economy, IBM managed to increase its net income by 5 percent in 2012, even though revenue shrank by 2 percent.
Advanced Micro Devices' financial struggles continued in the fourth quarter, with revenue sinking 32 percent due to slow chip sales and charges tied to restructuring and inventory adjustments.
Verizon Communications posted a net loss of US $1.9 billion during the fourth quarter of 2012, but the losses were due to a series of one-time expenses announced earlier.
Wipro's fourth-quarter IT services revenue grew 4.8 percent year on year, reflecting an overall recovery in offshoring to India.
Latest News Articles
- Telerik frees HTML5 collection of components
- Space X rocket en route to ISS with space laser cargo
- AMD steers clear of low-cost tablet market
- Experts: Avoid big mistakes with Oracle's Exadata
- Steve Jobs' character becomes issue in Silicon Valley no-hiring case
Most Popular Articles
- 1 Tethering tutorial: How to use your iPhone as a modem
- 2 Buying guide: Ovens, cooktops and freestanding cookers (upright ranges)
- 3 The most disturbing YouTube videos of all time
- 4 Top 5 reasons to hate the Samsung Galaxy S5
- 5 Capacitive vs resistive touchscreens
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
Best Deals on GoodGearGuide
- Notebooks View all »
- $629 free shipping
- Tablets View all »
- Mobile Phones View all »
- TVs View all »
- Digital Cameras View all »