Tag: earnings
As Uber reportedly contemplates layoffs, a look back at its post-IPO financial performance
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Uber’s CTO Thuan Pham would leave the company (confirmed), and that the American technology giant is contemplating a huge staffing cut to reduce its cost structure.…
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Samsung expects COVID-19 to hurt smartphone and TV sales, but increase demand for memory
In its first-quarter earnings report today, Samsung said it expects the COVID-19 pandemic to continue impacting its business for the rest of the year, cutting into sales for smartphones and TVs, but increasing demand for PCs, servers and memory chips as people continue to work or study from home. Samsung’s…
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Google saw huge jumps in search usage and app downloads in March
Google parent company Alphabet just announced its financial results for the first quarter of 2020, and not surprisingly the global COVID-19 pandemic had an effect. Alphabet and Google CEO Sundar Pichai called it a “tale of two quarters” on the earnin… Source
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Netflix memberships grew in Q1 as coronavirus lockdowns spread
The effect of the coronavirus pandemic and stay-at-home orders meant to slow its spread have impacted businesses differently, but for Netflix it means more people are streaming than ever. In its Q1 2020 earnings report (PDF), the company said members… Source
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Software companies give back ground after an impressive rebound
Software as a service companies, modern software firms often referred to by the acronym ‘SaaS,’ had a tough day in the public markets. The basket of companies, as tracked by Bessemer’s cloud index, dropped 4.49% during regular trading hours. The losses gave back some of the software industry’s recent gains,…
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TSMC reports $3.9B Q1 profit, but slashes outlook for the year
Taiwan Semiconductor Manufacturing Company (TSMC) beat analyst estimates after reporting its net profit almost doubled in the quarter that ended in March, and said it was hopeful to sustain momentum in the current quarter but slashed its industry and foundry outlook for the year. The Taiwan-headquartered company, which counts Apple…
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