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Google sees profits back on track

2013-01-22 22:24:35| BBC News | Business | UK Edition

Google reports a small rise in profits despite a jump in revenues as it ploughed more money into advertising and research and development.

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UPDATE 2-Huawei sees firmer revenue growth, 2012 profit up 33 pct

2013-01-21 13:20:08| Telecom - Topix.net

Huawei Technologies Co Ltd , the world's No.2 telecom equipment maker, bounced back from a disappointing 2011 with a 33 percent rise in net profit for 2012, and forecast stronger revenue growth, buoyed by smartphone sales and cloud computing.

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Huawei sees 33% jump in profit

2013-01-21 07:43:59| BBC News | Business | UK Edition

Chinese phone equipment maker Huawei forecasts a 33% jump in profit boosted by strong performance in markets such as Europe and Japan.

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AUDIO: Chip make Intel sees profits slump

2013-01-18 11:54:59| BBC News | Business | UK Edition

The world's biggest maker of silicon chips, Intel, which grew by putting chips most of the world's personal computers, is now facing an erosion of that market.

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Intel sees further drop in sales on slow PC market

2013-01-18 09:07:00| Telecompaper Headlines

(Telecompaper) Intel reported fourth-quarter revenues of USD 13.5 billion, down 3 percent from a year earlier and slightly below its guidance of USD 13.6 billion. Its gross margin fell to 58.0 percent from 64.5, and operating profit was down 31 percent year-on-year to USD 3.2 billion. Net profit declined 27 percent to USD 2.5 billion, and EPS was down 25 percent to 48 cents. The company generated USD 6 billion in cash from operations, paid dividends of USD 1.1 billion and used USD 1.0 billion to repurchase 47 million shares of stock. Revenues from the PC division fell 6 percent to USD 8.5 billion, while the data centre division grew by 4 percent to USD 2.8 billion. Revenue from other Intel products was down 7 percent to USD 1.0 billion. Intel CEO Paul Otellini said the market remained challenging. First-quarter revenues are forecast to drop to USD 12.7 billion, with a gross margin of 58 percent. Over the full year 2013, Intel expects a low single-digit increase in revenues and margin around 60 percent.

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