Financials
Financials
iPhone 5 first weekend sales crosses five million mark
Apple on Monday said that it has sold over five million of its new iPhone 5, just three days after its launch on September 21, and more than 100 million iOS devices have been updated with iOS 6,...
Financials
Oracle Q1 profit up 11% on improving software revenue
Company expects SaaS division to generate $1 billion in annual sales. Oracle Corp.'s fiscal first-quarter earnings climbed 11% as software revenue and margins improved, while hardware-systems sales continued to weaken. Strength in Oracle's traditional...
Financials
Partner Communications Q2 net drops 42% on subscriber exodus
Israeli operator hit by tougher competition; warns of workforce 'adjustment'. Partner Communications Co.'s second-quarter earnings dropped 42% on increased competition in the Israeli cellular market, a drop in subscribers and lower equipment sales. "The multiplicity...
Financials
Telstra full year profit up 5.4%, mobile customers grow
Australian incumbent benefits from rival Vodafone Hutchison's subscriber exodus. Telstra Corp., Australia's largest telecoms company by market value, Thursday reported a 5.4% rise in annual profit as spending on its mobile network paid off by boosting cellphone customer...
Financials
SK Telecom Q2 net drops 74% on lower phone fees, higher marketing costs
Analysts expect earnings to improve through remainder of year as high-speed broadband service boosts ARPU. SK Telecom Co., South Korea's largest mobile carrier by subscribers, said Thursday second-quarter net profit fell 74% from a year earlier as lower...
Financials
Telecom Argentina 1H profit up 1%
Value-added services contribute to 21% revenue rise. Phone company Telecom Argentina SA said Tuesday its first-half net profit rose 1% to 1.29 billion Argentine pesos ($282 million).Profit was up only slightly in part because of higher amortization costs...
Financials
Texas Instruments Q2 net down 34%
Texas Instruments Inc. reported a 34% decline in second-quarter profit and predicted soft third-quarter results, saying an uncertain economic climate is leading to caution among the chip maker's customers and distributors. Demand for semiconductors has been shaky in...
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