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Microsoft Q3 rises on cloud usage, demand for PCs, but growth tempered by pandemic

2020-04-30 09:02:00| Telecompaper Headlines

(Telecompaper) Microsoft reported higher results for its fiscal third quarter to end March, but growth was tempered by the coronavirus pandemic, and numbers lower than in the previous quarter. The company said net impact was minimal and that cloud usage increased. There was a slowdown, especially in the last weeks of the quarter, in transactional licensing, particularly among SMEs, and a reduction in advertising spend in LinkedIn. In the More Personal Computing segment, Windows OEM and Surface benefited from increased demand for remote work and learning, but supply chain constraints in China offset that rise, though these improved late in the quarter. Gaming benefited from people stuck indoors but Search was negatively impacted by less ad spend. Microsoft noted that the full effects of the pandemic may not be fully felt until later in the future. 

Tags: growth microsoft demand usage

 

Maroc Telecom Group revenue rises 4% in Q1, customer base up 11%

2020-04-20 09:47:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group's consolidated revenue increased by 4 percent to MAD 9.31 billion for the first quarter to 31 March from MAD 8.95 billion in Q1 2019, thanks to a 6.9 percent rise in the group's international revenue. EBIDTA was MAD 4.79 billion, up 3.1 percent from MAD 4.65 billion, driven by the increase in revenue. The EBITDA margin was 51.5 percent.

Tags: up group customer base

 
 

Oil Rises as Trump Plans to Ease Lockdown

2020-04-17 16:31:44| OGI

Traders also buoyed by reports of new drug to fight COVID-19.

Tags: plans oil ease rises

 

National living wage rises by 6.2%

2020-04-01 01:01:04| BBC News | Business | UK Edition

The increase has been welcomed by unions and takes the hourly pay for people aged 25 and over to 8.72.

Tags: national living wage rises

 

US Oil Rig Count Rises For Second Week In A Row

2020-03-13 19:04:02| OGI

The U.S. oil drilling rig count rose for a second week in a row despite a massive drop in both oil and natural gas prices this week and projections by many analysts that the number of rigs will fall as producers deepen their spending cuts on new drilling.

Tags: week count oil row

 

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