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Google revenues increase 36% in Q4
2013-01-23 08:31:00| Telecompaper Headlines
(Telecompaper) Google reported fourth-quarter revenues up 36 percent year-over-year to USD 14.42 billion. Operating income totaled USD 3.39 billion, down from USD 3.51 billion, while non-GAAP operating income rose to USD 4.27 billion, from USD 4.04 billion a year earlier. Net income, including a net loss from the sold Motorola Home activities, amounted to USD 8.62 per share, up from USD 8.22 in the year-ago quarter.
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IBM profit, revenues hold up in tough quarter
2013-01-22 23:20:51| CNET News.com
Software revenue was up 3 percent; services sales fell 2 percent and systems and technology sales fell 1 percent. And IBM boosted its 2013 forecast. [Read more]
VIDEO: Google revenues hit by tablets
2013-01-22 18:27:34| BBC News | Business | UK Edition
Google is expected to report record profits for the last three months of the year, but the move away from desktop computers to tablets and smartphones is eating into revenue from sponsored searches.
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Verizon posts Q4 loss on charges, revenues up 5.7%
2013-01-22 17:06:00| Telecompaper Headlines
(Telecompaper) Verizon reported a net loss for the fourth quarter due to one-time pension, debt retirement and restructuring charges, but continued to see solid growth in both mobile and consumer wireline service revenues. The US operator posted a loss of USD 1.48 per share, double the loss of USD 0.71 a year earlier. Adjusted EPS, excluding the one-time items but including costs of 7 cents a share from Superstorm Sandy, totaled 38 cents, down from 52 cents a year ago. Revenues were up 5.7 percent year-on-year to pass USD 30 billion for the first time. Over the full year, capex fell by about USD 70 million to USD 16.2 billion, including USD 135 million for storm-related work, while free cash flow rose by 13.1 percent to USD 15.3 billion. Net debt dropped to USD 52.0 billion, from USD 55.2 billion at the end of 2011.
Huawei grows revenues 8%, profits 33% in 2012
2013-01-21 09:37:00| Telecompaper Headlines
(Telecompaper) Huawei expects its revenues to have risen by 8 percent to CNY 220.2 billion and its net profit by 33 percent to CNY 15.4 billion in 2012, announced group CFO Cathy Meng. Around 70 percent of revenue was generated from leading telecom operators, including 45 of the world's top 50. The carrier network business had CNY 160.3 billion of sales, the consumer business CNY 48.4 billion with continued growth in Europe and Japan, and the enterprise business CNY 11.5 billion. International markets accounted for 66 percent of group revenue last year. The company invested CNY 29.9 billion in R&D last year, or over 13 percent of revenue. The 2012 results audited by KPMG will be outlined in Huawei's annual report in April. Huawei projects that it will increase its revenue by 10-12 percent in 2013.
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