Oracle's third-quarter revenue rose 4 percent to US$9.3 billion while net income increased 2 percent to $2.6 billion, buoyed by growth in new software licenses and cloud subscriptions as well as a long-anticipated rise in hardware product revenue.
Confidence in the underlying strength of the tech sector as a whole appears to be solid despite some dispiriting news on the hardware front.
Telecom operators Deutsche Telekom and Orange's latest results were negatively impacted by tough competition on fixed as well as mobile networks, but cost cuts and mobile data partly helped of offset that.
Salesforce.com's rapid growth is now being fueled increasingly by large deals for its cloud software, according to CEO Marc Benioff.
China's leading search engine, Baidu, reported flat profit growth for the fourth quarter as the company continued its spending spree on research and product promotion.
After two-and-a-half years running Hewlett-Packard, CEO Meg Whitman appears ready to make some deals.
Hewlett-Packard has returned its PC business to growth and reported better-than-expected results for the first quarter of its fiscal year.
Despite some shadows cast by Lenovo and Cisco earnings, IT stocks have had a strong week overall, with Nasdaq tech stocks reaching their highest point since the third quarter of 2000, during the dot-com bust.
Lenovo reported a 30 per cent jump in its net profit for the fourth quarter of last year, with its earnings driven by a record number of devices shipped.
Cisco Systems has reported another tough quarter, saying profits in its fiscal second quarter fell by more than half and revenue declined by nearly 8 per cent.
Tech sector earnings this week stirred concerns about growth for social media companies LinkedIn and Twitter but highlighted positive trends for some networking and cloud services companies.
Alcatel-Lucent's revenue remained flat, but the company turned a year-earlier loss into a net profit for the fourth quarter, it reported Thursday.
Sales of the PlayStation 4 and smartphones helped Sony turn a net profit of ¥27 billion (US$266 million) in the October to December quarter of last year, up sharply from a loss of ¥10.8 billion a year earlier.
New figures released by Twitter on Wednesday suggest the company may be struggling to keep its users engaged, but CEO Dick Costolo has outlined some ideas to make the service more inviting.
Twitter has reported its first earnings as a public company, revealing that sales more than doubled from a year ago, though it still hasn't managed to turn a profit.
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GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
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