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Sony quarterly results fall on continued drop in smartphones

2016-11-01 08:31:00| Telecompaper Headlines

(Telecompaper) Sony reported revenues for its fiscal second quarter to September down 10.8 percent year-on-year to JPY 1.689 trillion, hurt by the continued drop in sales of its smartphones. Excluding currency effects, revenues were essentially flat, as the lower mobile sales were offset by growth in financial services and films. Operating profit fell to JPY 45.7 billion from JPY 88.0 billion a year earlier, led by lower results from semiconductors and components, and net profit dropped to JPY 4.8 billion from JPY 33.6 billion. The results include the earlier announced impairment charge on the battery business up for sale and continued repair costs for the earthquake early this year.

Tags: results fall sony continued

Gemalto lowers 2017 profit target, posts 1% Q3 revenue drop

2016-10-31 09:33:00| Telecompaper Headlines

(Telecompaper) Gemalto lowered its target for 2017 operating profit, with a revised guidance in the range of EUR 500-520 million. In March 2015, the company had raised this target to EUR 660 million from EUR 600 million previously, an increase mainly driven by its acquisition of data protection specialist SafeNet. CEO Philippe Vallee stated that the outlook had worsened for the Mobile business unit and that payment card migration was slower than expected. The company reported third quarter revenue of EUR 753 million, down 1 percent year-on-year at constant exchange rates (compared to an increase of 3 percent in the previous quarter).

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