Samsung Electronics forecast a turnaround in the global smartphone market in the second half of 2024, driven by stabilising consumer sentiment and growth in emerging markets, with a similar rebound expected in tablets and wearables.
The tech giant reported blowout Q1 2024 results on Tuesday, with an operating profit of 6.61 trillion Korean won ($4.76 billion) - up an eye-popping 932.8% compared to the same period last year. That crushed analyst expectations of 5.94 trillion won and was bang on their pre-release guidance from earlier this month.Read Entire Article
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the U.S.-sanctioned firm continues a rebound and bit into competitor Apple's sales in China. Huawei has long found itself caught in the middle of an intense technological rivalry between Beijing and Washington, which has warned
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of AI technologies drives a rebound in
Infosys, which has the highest Nifty weighting among locally listed technology companies, Thursday said fourth-quarter net profit climbed 30% on gains in non-core income, beating DStreet estimates. Revenue guidance for FY25, a key monitorable for investors, remained conspicuously circumspect, although India’s outsourcing bellwether announced its biggest M&A deal in history, committing nearly about half a billion dollars.Profit climbed to Rs 7,969 crore in the March quarter, beating ET’s poll of...
Graeme Biggar said US firms such as Meta - the owner of Facebook, Instagram and WhatsApp - have 'consciously blinded themselves' to serious crimes.
IT services company Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year's quarter. Infosys announces final dividend of Rs 20 & special dividend of Rs 8The Bengaluru-based software major forecast that its constant currency revenue...
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year. Revenue rose by nearly 13% to 71.9 trillion won...
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps. The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total
Performance was consistent at Microsoft's Azure and Google Cloud, which grew above expectations at 31 percent and 28 percent, respectively, in the first three months of the year
Samsung is the latest company to profit from AI demand, as its profits have increased more than fourfold compared to a year earlier.