Tag "earnings"

Samsung posts record profit in Q2 courtesy booming chip business

By : CIOL Writers

Leaving behind all the scandals and fiascos of 2016, Samsung reported a record operating profit of 14.07 trillion won ($12.6 billion US) in Q2 2017. The Korean electronics giant pulled in a revenue of 61 trillion won ($54.8 billion) during the three-month period,

Facebook beats expectations yet again with $9.3B revenue in Q2

By : CIOL Writers

Facebook is upbeat with a strong Q2 2017 earnings report despite slower user growth. The social networking giant generated close to $9.32 billion in revenue during its second quarter, compared to $6.4 billion during the same quarter last year. The company’s net

Microsoft beats expectations yet again on the back of booming cloud business

By : CIOL Writers

Microsoft beat expectations yet again posting much better profits in its fiscal fourth quarter than expected, thanks to strong Cloud performance. The Redmond-based company reported non-GAAP revenue of $24.7 billion and GAAP earnings per share of $0.83 (and non-GAAP earnings per