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revenue

China's Baidu tops revenue estimates with strong app traffic
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(Reuters) – Traffic growth on Baidu Inc’s mobile app helped drive higher-than-expected third quarter revenue as China’s biggest search engine operator places more emphasis on artificial intelligence (AI) and autonomous driving. FILE PHOTO: A Baidu logo is seen at the Global Mobile Internet Conference (GMIC) at the National Convention Center in Beijing, China April 27, […]

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Tencent Music files for Nasdaq IPO, first-half revenue surges
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HONG KONG (Reuters) – Tencent Music Entertainment, which owns China’s most popular music apps, has filed for a U.S. IPO seeking funds to develop content and new services, in what is expected to be one of the biggest U.S. listings by a Chinese company this year. FILE PHOTO: A Tencent sign is seen during the […]

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China Xiaomi's second-quarter revenue soars 68 percent, driven by smartphones, internet devices
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(Reuters) – Chinese smartphone maker Xiaomi Inc reported its second-quarter revenue surged 68.3 percent, as strong smartphone sales complemented a jump in revenue at its smaller, but fast-growing connected devices business. FILE PHOTO: A customer walks out of a Xiaomi store in Beijing, China June 21, 2018. REUTERS/Jason Lee Xiaomi, whose cheap smartphones have become […]

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TSMC says third-quarter revenue hit by computer virus
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TAIPEI (Reuters) – A computer virus outbreak has hit third-quarter results at Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker, the company said on Sunday. A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan October 5, 2017. REUTERS/Eason Lam On Saturday, TSMC, a major supplier for […]

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Accenture's revenue, profit top estimates on digital services growth
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(Reuters) – Accenture Plc’s (ACN.N) quarterly profit and revenue topped Wall Street targets, as the consulting and outsourcing services provider benefited from investments in digital and cloud services. FILE PHOTO – Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona, February 26, 2013. REUTERS/Albert Gea/File Photo Accenture said on Thursday […]

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Akamai revenue, profit top estimates on robust cloud demand
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(Reuters) – Akamai Technologies Inc’s (AKAM.O) profit and revenue topped analysts’ estimates on Tuesday, and the company said it had cut about 400 positions, or 5 percent of its global workforce. The company’s shares were up 8.2 percent at $68.87 in extended trading. Activist investor Elliott Management, which has disclosed a 6.5 percent stake, would […]

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