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Yahoo! more than doubles profit to USD 163 mln in Q3

2016-10-19 08:31:00| Telecompaper Headlines

(Telecompaper) Yahoo reported a net profit of USD 163 million in the third quarter, more than double the year-earlier total of EUR 76 million, on earnings of USD 1.305 billion, up from USD 1.226 billion in Q3 2015. Earnings per share came in at 20 cents compared to 15 cents a year earlier, while adjusted EBITDA dipped to USD 229 million from USD 244 million. Yahoo's display advertising revenue was down 7 percent year on year to USD 476 million due to a 5 percent fall in the number of ads sold, while mobile revenue increased to USD 396 million from USD 271 million and accounted for 32 percent of traffic-driven revenue. CEO Marissa Mayer announced that she was pleased with the results and said the company was still "busy preparing for integration with Verizon," after the telecommunications giant agreed to buy Yahoo for USD 4.8 billion in July.

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Covestro doubles PC production at Shanghai site

2016-10-16 18:39:14| Canadian Plastics Headlines

The company says it is now the worlds largest PC producer. The post Covestro doubles PC production at Shanghai site appeared first on Canadian Plastics.

Tags: site production shanghai doubles

Microsoft doubles cloud investment in Europe to USD 3 bln

2016-10-03 14:25:00| Telecompaper Headlines

(Telecompaper) Microsoft wants to push the development of cloud computing in Europe and will more than double investment to USD 3 billion. CEO Satya Nadella and president Brad Smith have unveiled a plan which starts with the intention to deliver Microsoft Cloud services from datacentres in France from next year. Cloud services include Microsoft Azure, Office 365, Dynamics 365. The executives also unveiled 78 public policy recommendations in "A Cloud for Global Good", with topic running from next-generational skills, enhancing security and privacy in the digital age, to environmental sustainability, keeping communities safe, and securing a bright future for all children.

Tags: europe microsoft investment usd