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Sony quarterly net profit improves 33%

2016-01-29 09:09:00| Telecompaper Headlines

(Telecompaper) Sony reported net profit up 33.5 percent year-on-year in its fiscal third quarter to December to JPY 120.1 billion, helped by lower restructuring costs and forex losses. Revenues were up just 0.5 percent to JPY 2.581 trillion (USD 21.5 billion), as continued strength in Playstation sales and film revenues were offset by the weak sales in the smartphone market and lower revenues from components. Operating profit was 11.0 percent higher year-on-year at JPY 202.1 billion.

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Amazon net income doubles, but its results still fall short

2016-01-29 02:50:59| IT Services - Topix.net

In this Feb. 13, 2015, file photo, a package moves along a conveyer belt during a media tour of the Amazon.com fulfillment center in DuPont, Wash. Amazon.com reports quarterly financial results Thursday, Jan. 28, 2016.

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Videocon d2h adds 0.43 million net subscribers in 4Q 2015

2016-01-28 04:00:34| Digital TV News

Videocon d2h (NASDAQ: VDTH) has announced its financial results for the quarter ended December 31, 2015. The Company added 0.67 million gross subscribers and 0.43 million net subscribers during the quarter.

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Ericsson grows net profit 68% in Q4

2016-01-27 08:27:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a strong improvement in fourth-quarter profits, supported by cost reductions and modest sales growth. Net profit jumped 68 percent to SEK 7.0 billion or SEK 2.15 per share, and operating profit was up 75 percent year-on-year to SEK 11.0 billion. Sales increased 8 percent from a year earlier to SEK 73.6 billion. The company reduced its operating costs by around 10 percent year-on-year in the second half of 2015, as part of its target to achieve SEK 9 billion in savings by 2017. In addition, higher revenues from IP licensing helped boost margins. After more than doubling operating cash flow in Q4, Ericsson raised its dividend by 9 percent to SEK 3.70 per share.

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