Financials
Financials
Oracle Q1 profit up 11% on improving software...
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...
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...
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...
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...
Financials
Kuwait’s Wataniya posts 49% fall in Q2 profit
Wataniya, Kuwait's No. 2 telecoms operator, reported a 49 percent drop in second-quarter profit on Monday, hit by foreign exchange losses from its Algeria unit and increased domestic competition. Net profit at the firm, a subsidiary of Qatar...
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