Taiwan Semiconductor Manufacturing Co. said its net profit in the second quarter grew 23.8 percent year over year, driven by demand for faster and power-efficient chips for mobile phones built with its new 28-nanometer manufacturing process.
SAP reported revenue growth in the second quarter driven by growth in cloud subscriptions and revenue from support and its HANA in-memory database.
A rebound for IBM failed to materialise in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services.
Intel reported another drop in profits for the second quarter and narrowed its sales outlook for the full year, as the declining PC market continues to eat away at its business.
Yahoo's profits rose by 46 per cent in the second quarter, aided by nearly a dozen product launches, though sales at the company were still down.
Infosys posted strong revenue growth in the second quarter as demand picked up in key markets including the U.S.
HTC's second quarter net profit plummeted 83 per cent year-on-year as sales of the company's latest flagship handset failed to meet expectations.
Samsung Electronics predicted a big jump in profit for the second quarter compared to a year earlier, but the company's explosive growth is slowing amid signs its top end Galaxy smartphones are less popular than expected.
Outsourcer Accenture has reported an increase in global sales and operating profits for the third quarter, but sales in the EMEA region were slightly down.
Closing out June, tech stocks are up for the year but have not enjoyed the full fruits of a bull market that has boosted the Dow to its best first half since 1999, right before the dot-com crash.
BlackBerry shipped 6.8 million smartphones and recorded a US$84 million loss during the three months to June 1, as it struggles to turn around its fortunes.
Against a backdrop of market tumult, enterprise software companies this week reported mixed quarterly results.
Oracle's revenue was flat year-over-year in its fourth quarter at $US10.9 billion, while profits rose 10 per cent to $US3.8 billion, as the company reported strong growth in sales for Software-as-a-Service (SaaS) subscriptions and "engineered systems...
Buffeted by concerns about the economy and IT spending, tech stocks have gone on a roller coaster ride lately, but on the whole they've managed to hang on to gains they made earlier in the quarter.
Despite dismal forecasts for PCs and servers, tech stocks have been doing well on optimism about cloud technology and mobile devices.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
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