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PPG's Earnings Streak Continues in Q2

2014-07-19 02:55:05| Chemicals - Topix.net

PPG Industries says a strong European market, coupled with healthy results in all major markets, helped the coatings giant secure a second quarter sales gain and "all-time" record quarterly profits from continued operations.

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Google veteran's exit takes shine off Q2

2014-07-18 02:00:00| Total Telecom industry news

Internet giant reports 22% increase in group revenue; net income grows to $3.4 billion.

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SAP sees cloud revenue soar, software sales drop in Q2

2014-07-17 14:06:25| InfoWorld: Top News

SAP reported strong growth in cloud revenue in the second quarter, while its software revenue continued to fall, reflecting a shift in the market from on-premises software and services to applications delivered through the cloud on a subscription model. The business software company's net profit, however, dropped on account of a provision for a patent litigation.

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Update: SAP sees cloud revenue soar, software sales drop in Q2

2014-07-17 14:06:25| InfoWorld: Top News

SAP reported strong growth in cloud revenue in the second quarter, while its software revenue continued to fall, reflecting a shift in the market from on-premises software and services to applications delivered through the cloud on a subscription model. The business software company's net profit, however, dropped on account of a provision for a patent litigation.

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Tele2 accelerates mobile revenue growth to 7% in Q2

2014-07-16 08:57:00| Telecompaper Headlines

(Telecompaper) Tele2 reported second-quarter sales down 1 percent from a year earlier to SEK 6.343 billion. Revenues were hurt by lower fixed-line sales and cuts to termination rates, offsetting a 7 percent increase in mobile service revenue, driven by demand for data services. Excluding exchange rate effects, revenue fell 3 percent. EBITDA was also down 1 percent, to SEK 1.466 billion, while net profit jumped to SEK 818 million from SEK 369 million. The latter was helped by a valuation gain of 363 million on a put option on its Kazakhstan operation, after the local currency was devalued and Tele2 provided additional financing. Tele2 added a net 250,000 new customers in the quarter, for a total 13.439 million at the end of June. Following the recently announced sale of its Norwegian activities, Tele2 updated its full-year guidance. The sales forecast was cut to SEK 24.8-25.2 billion from SEK 30.0 billion, impacted also by the currency devaluation in Kazakhstan and lower handset sales. 

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