Tech companies this week enjoyed an end-of-quarter market rally as concerns about the recovery abated somewhat and reports from market analysts indicated that IT spending would stay ahead of overall economic growth.
Oracle, Red Hat, Tibco and Adobe this week showed that software sales, especially for products geared for the enterprise, continue to be strong even though economic worries have caused confidence in the tech sector to decline.
Oracle's net income for the fourth quarter ended May 31 rose 36 percent to US$3.2 billion over the same period last year, results that reflect growth in software sales but a slight dip in hardware revenue, the company reported Thursday. Total revenu...
Yahoo CEO Carol Bartz was backed by the company's chairman at the start of the company's annual shareholder meeting on Thursday, but got ripped by an investor who called for her resignation.
Research in Motion hasn't exactly had the best year so far.
Research In Motion missed analysts' lowered revenue forecasts for its fiscal first quarter and said its outlook for the second quarter was lower than expected, as it reported its first-quarter results Thursday.
IBM is celebrating the 100th anniversary of its founding Thursday. Led by American capitalist icons Thomas J. Watson, Sr. and Thomas J. Watson, Jr. until the 1970s, the company grew from a pre-World War I conglomeration of companies making tabulating...
Though signs for IT remain positive this year, worries about the economy sapped investor confidence this week as a wide range of businesses, including big computer industry vendors, suffered a drop in share value.
Good news trickled in this week for the hardware sector, plagued by a slump in the traditional PC market, as Gartner reported that server sales rose during the first quarter and Lenovo proved that there is demand for PCs in emerging markets.
Reporting strong growth as it expands into emerging markets, Lenovo said Thursday that for the quarter ending in March its net profit more than tripled, reaching US$42 million, while revenue increased 13 percent to $4.88 billion.
Sales and profits in Sony's core electronics business both rose last year, but the company recorded an overall net loss primarily due to a write-off of tax credits, it said Thursday.
Yahoo CEO Carol Bartz and co-founder Jerry Yang opened the company's investor meeting on Wednesday addressing head on the company's tussle with Alibaba Group over the latter's decision to spin off its online payment unit Alipay.
Indian outsourcer Satyam Computer Services went into loss again in the quarter ended March 31, after the company took a charge to settle a class-action lawsuit in the U.S., the company said Monday.
Sony expects the hack of the PlayStation Network and will cost it ¥14 billion (US$170 million) this financial year, it said Monday.
Excitement over LinkedIn's stunning market debut appears to have outweighed concerns this week about Hewlett-Packard and Dell earnings reports, which highlighted a desultory PC market.
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