earnings in news
RSS earnings in newsMass layoffs as Sun cuts 15 per cent of staff
News Sun announced a seven per cent drop in fiscal first-quarter revenue last month, coming in the midrange of its previously lowered earnings forecast. Sun Microsystems announced on Friday a restructuring that involves... [14 Nov 2008]
BT to axe 10,000 staff
News BT said on Thursday it is in the process of cutting 10,000 jobs, as it reported second-quarter core earnings and revenues just ahead of revised forecasts. BT warned less than two weeks ago it would miss original... [13 Nov 2008]
Stormy markets freeze C&W demerger
News Cable & Wireless (C&W) increased its full-year earnings guidance after posting strong first half results on Monday but said it had been forced to postpone its demerger plans due to turmoil in the markets. [10 Nov 2008]
Time off for Dell workers… unpaid
News The company recently reported a 17 per cent dip in earnings after a year of showing signs of good growth. Dell employees received a memo from founder and CEO Michael Dell recently asking them to take some time off... [05 Nov 2008]
BT Global Services head resigns
News BT said in a statement: "We expect revenue growth in this division will remain strong, up 15 per cent year on year, but EBITDA [earnings before interest, taxes, depreciation and amortisation] of around £120m will be... [03 Nov 2008]
Motorola delays split into two
News It now expects to see 2008 earnings of about five cents to seven cents per share. Motorola has reported losses for the third quarter. And as the economy worsens, the company also said it will delay its split of the... [31 Oct 2008]
IT contractors search for job security
News And eight per cent fewer contractors expect to earn more money in 2009 compared to three months ago, although the majority still expect their earnings to grow. Long-term unemployment is on the up for UK IT contractors... [28 Oct 2008]
Has tech got the power to punch through the crunch?
News to announce another round of layoffs when it discusses third-quarter earnings after the close of trading Tuesday. Apple is scheduled to announce its fourth-quarter earnings after the close of trading... [21 Oct 2008]
eBay not bidding on positive fourth quarter
News For the third quarter, eBay's earnings came in at the low end of Wall Street expectations with revenues of $2.12bn, up $228m from the third quarter of 2007. Analysts predicted that eBay's earnings for... [16 Oct 2008]
$505m deal sees TCS swallow Citi's BPO
News This is particularly attractive deal, given that CGSL was already running at 20 per cent Ebit [earnings before interest and taxes] margin and TCS management feels confident there's more to come," a research note from the... [09 Oct 2008]
Credit crisis sees eBay slash 1,000 jobs
News But it said it would exceed the high end of its earnings forecast range of 39 cents to 41 cents per share, before items. The number two online payments player will be combined with PayPal and is expected to generate... [07 Oct 2008]
Is tech hiring on freeze?
News Intel declined to comment, citing a pre-earnings announcement quiet period. Apple declined to comment, also citing a pre-earnings quiet period. Intel's workforce is down thousands from where it was a... [06 Oct 2008]
iPhone 3G pushing five million mark?
News Apple will reveal the formal totals in about a month when it reports earnings for its fourth fiscal quarter. One Apple follower is putting a guess on the number of iPhone 3Gs Apple will have sold during the current... [23 Sep 2008]
Credit crunch hits Nokia market share
News Samsung said during its second-quarter earnings call that it also sees the weakening economy affecting its sales in the second half of the year. The mobile handset market is going from bad to worse as Nokia, the world's... [08 Sep 2008]
Dell records slide in quarter profits
News Dell has posted a surprisingly steep drop in quarterly earnings and said companies around the world are cutting back on technology spending, sending its shares tumbling and sparking fears of weakness in the whole tech... [29 Aug 2008]
