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Cisco Systems has reported more than estimated quarterly revenues and profits for the fourth quarter of 2018. This has been primarily driven by the network gear maker's transition to a software-focused company.
Paytm has acquired Bengaluru-based savings management start-up, Balance Technology. The takeover transaction is expected to be about $2 billion. According to Paytm, this acquisition would improve One97 Communications user and merchant interfaces.
Apple has posted revenue of $53.3 billion in the April-June quarter, 2018 which is a jump of 17 per cent when compared year-on-year (y-o-y).
Samsung Electronics has reported $13.3 billion in operating profit for the April-June 2018 quarter and posted consolidated net profit of $9.85 billion for the said quarter. The company’s revenue fell by 4 per cent to $52.2 billion on an year-on-year…
Reliance Jio Infocomm Limited has reported results for quarter ended June 2018. The standalone revenue from operations stood at Rs 81.09 billion; a quarterly growth of 13.8 per cent over January-March 2018 period.
Telecom network equipment maker Nokia posted quarterly earnings below market expectations but repeated its full-year profit forecast, saying sales were set to recover later this year on the back of next-generation 5G roll-outs.
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- Airtel posts consolidated net profit of Rs 973 million for QE June 2018; Indian revenues dip
- Vodafone India’s service revenues declined by 31 per cent YoY during April-June 2018
- Bharti Infratel’s net profit decreased by 4 per cent YoY during quarter ended June 2018
- Sify reports revenues of Rs 4,683 million during Q1 of 2018-19
- Tejas Networks doubles its profits for the April – June, 2018 quarter
- Nokia releases financial report for the second quarter of 2018
- Ericsson posts operating profit owing to market traction in North America and annual savings program
- Google invests $22 million in KaiOS
- Karbonn’s promoter and Gionee India’s minority shareholder join hands to buy Gionee’s Indian operations
- Temasek acquires minority stake in UST Global
- Airtel Payments Bank gets barred from signing up new customers
- Reliance Jio signs $1 billion loan facility with K-SURE
- Reliance Jio to raise Rs 20 billion through non-convertible debentures
- RIL acquires 73 per cent stake in AI firm Embibe
- Jio emerges as the third largest player by revenue market share in QE March 2018
- Nokia exits its digital health business; sells venture to Withings founder
- RCOM posts Rs 198.27 billion loss in QE March ’18; plans sale of real estate assets to Brookfield
- Paytm posts lower losses during 2016-17; revenues grow by 38 per cent
- HMD Global raises $100 million to scale operations
- Sify Technologies announces dividend on equity shares of the company for 2017-18
- Sterlite Tech releases results for QE March 2018; registers 77 per cent YoY growth in PAT
- Sify Technologies reports results for 2017-18; crosses Rs 20 billion revenue mark
- Ericsson trims down its losses during January-March 2018
- Softbank’s investment in the Indian internet and e-commerce market hits $8 billion
- Wipro may see decline in profitability due to bankruptcy of Aircel
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