Ericsson bets on new software to spur 5G revenue growth
By Supantha Mukherjee STOCKHOLM (Reuters) – Sweden’s Ericsson said on Wednesday it has partnered with Deutsche Telekom to offer software tools for developers and business customers that will allow telecom…
China’s Didi Q2 revenue grows as regulatory curbs ease
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Revenues at China’s Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion,…
Xiaomi revenue drops but EV strategy ahead of schedule
By David Kirton and Mo Yelin in Beijing SHENZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp reported a 4% revenue drop in the second quarter, tracking a shrinkage in…
Ericsson sees IPR licensing revenues of $1 billion this year
By Anna Ringstrom STOCKHOLM (Reuters) – Sweden’s Ericsson predicted on Friday intellectual property rights (IPR) licensing income of 11 billion Swedish crowns ($1 billion) this year after it renewed a…
Lenovo Q1 revenue misses forecasts, hit by poor PC demand
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit by a prolonged slump in global…
Alibaba’s quarterly revenue beats despite China’s sputtering economy
By Casey Hall and Yuvraj Malik (Reuters) – China’s Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday as its domestic e-commerce unit focuses…
Ford exec expects software to boost revenue for commercial trucks, vans
By Paul Lienert (Reuters) – Ford Motor expects to incorporate more and better software into the trucks and vans in its highly profitable Ford Pro commercial vehicle business and grow…
Germany’s Delivery Hero hikes 2023 revenue outlook, eyes investments
By Linda Pasquini and Anna Mackenzie (Reuters) – German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook and said it eyed growth investments, after it…
Telecom Italia’s quarterly core profit rises as domestic revenues edge up
By Elvira Pollina and Urvi Dugar (Reuters) – Telecom Italia (TIM) on Wednesday reported a 5.5% rise in its second-quarter core profit, helped by strong performance from its Brazilian unit…
SAP lowers FY cloud revenue forecast after slowing demand in Q2
By Anna Mackenzie and Andrey Sychev (Reuters) – Business software maker SAP on Thursday trimmed its full-year outlook for key cloud sales due to lower-than-anticipated transactional revenues in the second…