Another cloud storage operation shut down last week when startup Cirtas Systems, which developed a controller for storage in the cloud, announced it was leaving the market to regroup.
Verizon Communication reported revenue of US$27 billion for the first quarter of 2011, up 0.3 percent from a year earlier, with the company pointing to growth in mobile customers as a cause for optimism.
Nokia reported an increase in sales for the first quarter, but profit declined and the company expects a challenging second quarter as it bears the full brunt of component shortages resulting from the earthquake in Japan.
China has cleared the way for Nokia Siemens Networks to complete its acquisition of Motorola's cellular networks business, after the deal was complicated by a delay from Chinese regulators and then a lawsuit from competitor Huawei.
Indian outsourcers Tata Consultancy Services (TCS), and HCL Technologies reported this week strong revenue and profit growth for the quarter ended March 31, as outsourcing by clients to offshore locations picked up.
While Apple's iPhone is selling well across the globe, China has emerged as its fastest growing market for the device.
Apple's revenue and profit soared in its fiscal second quarter ended March 26, buoyed by strong iPhone sales, the company said Wednesday.
AT&T's revenue for the first quarter of 2011 was up 2.3 per cent and its net income rose 38.9 per cent from a year earlier, driven by mobile customer gains.
China Mobile, the world's largest mobile carrier, said its customer base exceeded 600 million on Wednesday, as the company reported an increase in profits for the first quarter of 2011.
Global spending on BI (business intelligence), analytics and performance management applications jumped 13.4 percent in 2010 to US$10.5 billion, according to figures released Wednesday by analyst firm Gartner. The results reflect the BI market's cont...
Microsoft will not be able to keep patents it proposed to buy from Novell under an agreement with the U.S. Department of Justice announced Wednesday.
Japanese high-tech exports dropped sharply last month as a result of disruption caused by the massive earthquake and tsunami that hit the country on March 11, according to government trade statistics published Wednesday.
Forget all the discussion about IT outsourcing providers moving up the technology value chain to become partners in innovation; their customers' biggest needs remain much more straightforward, according to the results of the IDG Enterprise Outsourcin...
A little less than a year ago, Wall Street reached a Microsoft vs. Apple milestone: for the first time, Apple's corporate value surpassed Microsoft's.
Yahoo's revenue and profit slid significantly in the first quarter, but the company's performance was in line with Wall Street's expectations and company officials said the results reflect solid execution toward its financial goals.
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