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IBM's Revenue Keeps Falling

2014-07-17 22:48:56| Semiconductors - Topix.net

International Business Machines Corp. said its second-quarter earnings climbed 28%, helped by its restructuring moves, while the computing and tech giant also reported its ninth consecutive quarter of lower revenue.

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SAP sees cloud revenue soar, software sales drop in Q2

2014-07-17 14:06:25| InfoWorld: Top News

SAP reported strong growth in cloud revenue in the second quarter, while its software revenue continued to fall, reflecting a shift in the market from on-premises software and services to applications delivered through the cloud on a subscription model. The business software company's net profit, however, dropped on account of a provision for a patent litigation.

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Update: SAP sees cloud revenue soar, software sales drop in Q2

2014-07-17 14:06:25| InfoWorld: Top News

SAP reported strong growth in cloud revenue in the second quarter, while its software revenue continued to fall, reflecting a shift in the market from on-premises software and services to applications delivered through the cloud on a subscription model. The business software company's net profit, however, dropped on account of a provision for a patent litigation.

Tags: software sales update drop

 

TeliaSonera lowers revenue outlook on tough Spanish market

2014-07-17 09:29:00| Telecompaper Headlines

(Telecompaper) TeliaSonera has cut its full-year revenue outlook, due mainly to lower handset sales at its Spanish unit Yoigo. While it previously expected flat organic sales this year, it now sees a small drop compared to 2013. Organic sales fell 1.2 percent in the second quarter and were down 1.5 percent in the first half of the year. TeliaSonera still expects to maintain a stable EBITDA margin of 35 percent and spend around 15 percent of revenues on capital expenditure. In the second quarter, both reported and organic revenues (excluding currency effects, disposals and acquisitions) fell 1.2 percent to SEK 25.02 billion, due mainly to lower equipment sales. Organic service revenues were down just 0.4 percent. Adjusted EBITDA for the group fell 1.0 percent to SEK 8.84 billion, resulting in a stable margin of 35.3 percent. Due to lower income as well as asset writedowns at its Eurasia activities, net profit fell 12.1 percent to SEK 3.55 billion. 

Tags: market spanish revenue outlook

 

United Airlines tops in the world in ancillary revenue in new study

2014-07-16 23:25:55| Airlines - Topix.net

United Airlines is making a bundle from its ancillary fees, according to a new study released today by IdeaWorks Co., a consulting company specializing in ancillary airline revenue.

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