Samsung Electronics on Thursday reported a near 20 percent decline in second quarter net profit, due to increased competition from cheap Chinese devices in the key smartphone sector and a surging Korean won. The South Korean electronics giant posted a net profit of 6.25 trillion won ($6.1 billion) — its lowest figure for two years […]
BANGALORE (Reuters) – Infosys Ltd, Indias second largest IT services exporter, reported a 25 percent increase in quarterly net profit, beating estimates, as it added new clients including Chinese-owned Swedish automaker Volvo Car Corp. The Bangalore-based companys consolidated net profit for the fiscal fourth quarter ended March 31 was 29.92 billion rupees ($496.72 million), compared […]
Sharp Corp lifted its full-year earnings forecast on Tuesday after receiving strong orders for its smartphone panels from Chinese makers, putting it firmer footing to secure the full-year net profit it needs as a condition for a $4.6 billion bank rescue. Japans largest display maker raised its full-year operating forecast for the year to March […]
Latest Comments