Indian outsourcing company Infosys quarterly profit falls 0.9 pct but outlook improvesOctober 9th, 2009 Infosys profit falls 0.9 pct but outlook improvesMUMBAI, India — Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be over for India's software services industry after being hard hit by the global downturn.
Tibco Software shares up after 3Q results top Wall Street forecastsSeptember 25th, 2009 Tibco Software shares up after 3Q resultsNEW YORK — Shares of Tibco Software Inc. rose Friday after the company's third-quarter earnings topped Wall Street expectations with the help of lower expenses.
VMware to buy SpringSource for $362 million, assume $58 million in unvested stock and optionsAugust 11th, 2009 VMware to buy SpringSource for $362 millionPALO ALTO, Calif. —VMware Inc., which makes software that allows business servers to run multiple operating systems simultaneously, said Monday it is acquiring SpringSource for $362 million in cash and stock.
Sina 2nd-quarter profit falls 41 percent, adjusted earnings meet analyst viewsSeptember 1st, 2009 Sina 2Q profit drops 41 percentSAN FRANCISCO — Sina Corp., operator of a leading Chinese Internet portal, said Monday that its second-quarter profit fell 41 percent. When excluding items, the Shanghai-based company met analyst expectations.
Radio Giant Clear Channel launches online radio station after ad revenues fell in the real marketJune 8th, 2009 Radio giant Clear Channel amps up digital strategy
PHILADELPHIA — Clear Channel Communications Inc., the nation's largest owner of radio stations, is ramping up its strategy to stream radio to mobile phones, computers and other devices. On Monday, Clear Channel was officially launching an online media player that consolidates access to its roughly 850 radio stations at IHeartRadio.com.
Lawson Software reports fiscal 1st-quarter profit on lower expenses, says it will cut 75 jobsSeptember 30th, 2009 Lawson Software reports fiscal 1st-qtr profitST. PAUL, Minn. — Lawson Software Inc.
Analog Devices shares advance after analyst upgrades on cost cutsJune 25th, 2009 Analog Devices shares climb after upgradeNEW YORK — Shares of Analog Devices Inc. climbed Thursday after a Raymond James analyst upgraded the chip maker, saying it is "getting into fighting shape" by cutting expenses, which could boost its margins.
US video game retail sales tumble 29 percent in July, market researcher NPD Group saysAugust 14th, 2009 July video game sales show sharp declineNEW YORK — Hurt by the recession and few hit game launches, U.S. retail sales of video games dropped sharply in July, showing an even bigger decline than what many analysts were expecting.
Ford, Safeway, EMC, Fifth Third, eBay, SanDisk are among big market movers ThursdayJuly 23rd, 2009 Ford, Safeway, EMC, Fifth Third are big moversNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Ford Motor Co., up 60 cents at $6.98
The country's No. 2 automaker posted an unexpected second-quarter $2.3 billion profit because of debt reductions and labor cost cuts.
HP's 3Q profit hurt by sluggish PC and ink sales; transformation shows differences with IBMAugust 19th, 2009 Sluggish PC, ink sales hurt HP; results still beatSAN FRANCISCO — Hewlett-Packard Co.'s 19 percent drop in quarterly profit shows that the company still relies heavily on printer ink and the troubled personal computer market, despite the aggressive transformation it's undertaking to branch out and encroach more on rival IBM Corp.'s turf. IBM, which ditched its PC division as part of a major facelift over the past 15 years, now makes most of its money from software and services.
AMD stock sinks on weaker profit margins, worries about chip maker's turnaroundJuly 22nd, 2009 AMD stock sinks on profit-margin worriesSAN FRANCISCO — Advanced Micro Devices Inc. narrowed its loss in the second quarter, though not by as much as Wall Street hoped.
Digital River posts better-than-expected 2nd-quarter earnings and revenue, but outlook weakJuly 30th, 2009 Digital River 2Q profit falls but beats estimatesMINNEAPOLIS — E-commerce software provider Digital River Inc. on Wednesday reported better-than-expected adjusted profit and sales for the second quarter, but forecast third-quarter profit below analyst estimates, sending shares tumbling in aftermarket trading.
Microsoft starts laying off 5000, plans more for futureMay 5th, 2009 Microsoft moves forward on plan to lay off 5,000
SEATTLE — Microsoft Corp. said Tuesday it is pulling the trigger on thousands of the 5,000 job cuts it announced earlier this year.
HP 3Q profit drops 19 percent, PCs and printer ink still weakAugust 18th, 2009 HP 3Q profit drops 19 pct, weak PC, ink salesSAN FRANCISCO — Hewlett-Packard Co.'s profit dropped 19 percent in the latest quarter, dragged by ongoing weakness in sales of personal computers and printer ink. The Palo Alto, Calif.-based company reported Tuesday that consumer spending on PCs is improving, and business in China was particularly good.
McAfee's 2Q financial performance tops analyst views amid rising demand for computer securityJuly 30th, 2009 McAfee 2Q profit slides 40 pct, tops analyst viewsSANTA CLARA, Calif. — McAfee Inc.'s second-quarter financial performance exceeded analyst expectations amid rising demand for the software maker's computer security products.
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