Lenovo posts another revenue decline as PC demand remains slow
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd on Thursday posted a 16% fall in revenue for the three months through September, meeting market expectations, as supply…
Tencent posts strong revenue growth as games sales recover
By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country’s…
India’s Wipro slides, weighs on IT peers, on weak revenue forecast
By Varun Vyas BENGALURU (Reuters) – Shares of Wipro dropped to a three-month low and weighed on other Indian IT companies on Thursday after the country’s fourth-largest IT services provider…
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…