Foxconn reiterates Q2 revenue to grow, posts record April sales
Βy Ben Blanchard TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.Foxconn said
Expedia shares sink after 2024 revenue warning on softening air fares
By Pratyush Thakur (Reuters) - Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate as air fares soften from
IBM forecasts annual revenue growth above estimates on AI adoption rush
By Arsheeya Bajwa (Reuters) - IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI). Shares of the company were up more than
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 on low-cost products to attract consumers amid a sober economic environment. The
Capgemini posts weaker revenue growth in Q1
The logo of Capgemini is seen at the company's headquarters in Paris, France, August 3, 2021. REUTERS/Benoit Tessier By Matteo Allievi and Victor Goury-Laffont (Reuters) - French IT consulting group Capgemini on Thursday reported a weaker revenue growth in the first quarter
Alibaba beats quarterly revenue estimates as COVID curbs ease
Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration By Eva Mathews (Reuters) - Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, helped by its efforts to cut costs and China's easing