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The American transnational company Cisco, which develops and sells network equipment, said that in the third financial quarter ended April 28, its profits and revenues exceeded analysts' expectations. The revenue of the unit offering solutions in the field of information security, including firewall protection systems and intrusion detection systems, increased by 11% to $583 million. Analysts had expected the figure at the level of 573.6 million dollars. Cisco increased net profit to 2 billion 690 million dollars from 2 billion 520 million dollars a year earlier. The total quarterly revenue of the company was 12 billion 460 million dollars, increased by 4.4%.
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 ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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