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International Business Machines American corporation specialized in supplies of computer services reported about Q2 results. A net profit according to reports was $2,5 billions. The annual growth of the value was 4,2%. The profit excluding one-time factors was about 3,17 dollars compared to the experts’ forecast of 3,08 dollars. The revenues value of $19,16 bn decreased by 4,3% year-by-year but surpassed the experts’ forecasts. The revenues of technology services department declined to $6,84 billions from the 2018 value of $7,33 billions. In the same time the business of cloud computing and data analysis solutions revenues grew up to 5,65 bn dollars from 5,47 bn dollars. The company capitalization that manages the third biggest cloud service in the world was $127,3 billions added 26% since the year began.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
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