financial results

News

• Lenovo's fiscal Q4 profit up 59 per cent

  Lenovo's net profit for its fiscal fourth quarter grew by 59 per cent, as the world's second largest PC maker saw continued growth in sales across both mature and emerging markets.

• Dell's profit shrinks in the first quarter

  Dell has reported a drop in profits for the first quarter, weighed down by a revenue decrease and slower sales of consumer products.

• Vodafone blames difficult economic environment for 12.7 percent profit drop

  Vodafone reported a 12.7 percent drop in net profit for the year to March 31, blaming economic conditions in Europe.

• Licence fees, consulting boost TechnologyOne half year results

  Licence fees and consulting services contributed a total of $65.1 million to enterprise software company, TechnologyOne's (ASX: TNE), half year results for the year ended 31 March 2012.

• Are iPhone 5 rumors torpedoing Apple’s Q2 revenues?

  Apple (AAPL - NASDAQ) is warning investors that returns for the current second quarter will be lower than projections, triggering widespread and feverish speculation that the fall-off is due to swirling rumors about an early summer launch for iPhone 5.

• Wall Street Beat: Vendors stress caution on financials

  A range of tech vendors including Cisco Systems, Silicon Graphics International, BMC Software and CA Technologies this week reported quarterly earnings that had some solid numbers, but a cautious outlook for the rest of the year is spooking market watchers.

• Panasonic books US$10 billion annual loss, largest ever by Japan manufacturer

  Panasonic said Friday it booked a loss of nearly US$10 billion for the fiscal year that ended March 31, the largest ever loss by a Japanese manufacturer according to local media.

• Rio Tinto flags further automation technology investment

  Rio Tinto (ASX: RIO) has sung the praises of the greater use of automation technology in its Australian mining operations, suggesting that remote controlled trucks, trains and mining equipment will play an increasing role in the mining giant’s business.

• Sony targets return to profitability after record $US5.7 billion loss last year

  Sony closed the books on its worst year ever on Thursday, while also targeting a slight profit for the current period, which would be its first since 2008.

• NAB: Tech investment paying off

  The National Australia Bank (NAB) has again moved to reassure shareholders that its investment in its Next Generation Banking IT platform (NGP) is paying off.

• SingTel reports stable Optus full-year results

  SingTel has reported that its Australian subsidiary, Optus, has achieved an operating revenue of $9.37 billion, up 1 per cent, and an EBITDA of $2.36 billion, up 2 per cent for the full year to 31 March 2012. Net profit for the year was up 2 per cent to $787 million.

• Cisco hits record quarterly revenue

  Crediting a strategy that exploits users' move to Cloud computing, Cisco Systems has reported record net sales of $US11.6 billion for the quarter ending April 28, up 6.6 per cent from the year-earlier period.

• Report: Facebook's valuation for IPO will be lower than initially expected

  Facebook will be valued at US$85 billion to $95 billion, rather than the $100 billion that had been widely rumored, The Wall Street Journal reported reported Thursday.

• Motorola Mobility bringing red ink to Google balance sheets

  Motorola Mobility, set to be acquired by Google, on Tuesday reported a 3 percent year-over-year increase in net revenue, to US$3.1 billion, for the first quarter of 2012, but suffered a net loss of $86 million.

• Wall Street Beat: Tech earnings provide some bright spots

  With Apple leading the revenue charge midweek and Amazon providing a kick to trading in tech shares Friday morning, bright spots appeared in what has otherwise been a mixed earnings season.