profits News

Cisco to cut 6,500 jobs to boost profits

Cisco announced on Tuesday that it will layoff 9% of its workforce, or 6,500 jobs, in an effort to boost profits. That figure is lower than original speculation that the company would cut >>

Microsoft reports record revenue in fiscal Q2

Microsoft on Thursday announced its earnings for the second quarter of the company’s 2011 fiscal year. In the quarter, which ended on December 31st, 2010, Microsoft saw record revenue of $19.95 billion, up >>

RIM Q3 beats the street; good Q4 guidance

Research In Motion reported its third quarter earnings Thursday evening, and it beat Wall Street’s estimates in several key areas. The BlackBerry maker’s revenue was up 40% year-over-year to $5.5 billion on record >>

AT&T expecting "record numbers" in Q3

Randall Stephenson, AT&T’s CEO, recently spoke at the Goldman Sachs Communacopia XIX Conference and said, ” We’re on pace to set a record for integrated devices.” That’s pretty amazing considering the fierce competition >>