Amazon reports the best quarter ever amid global crisis
Amazon grew revenues by 40% and doubled net profit during the second quarter, while large parts of the world were in lockdown.
Amazon grew revenues by 40% and doubled net profit during the second quarter, while large parts of the world were in lockdown.
Russian operator MTS saw revenues grow 9% in Q1 but believes the whole-year performance is likely to be flat.
Nokia has reported its results for Q4 and the full year 2014 showing growth in the networks business aided by strong sales in the North American market. The kit maker’s services also returned to year-on-year growth for the first time since the final quarter of 2012.
Ericsson has reported its last quarter and full year results for 2014, revealing flat annual revenues across all of its business segments, and lower than expected Q4 sales. The Swedish equipment vendor said revenue growth was stalled by lagging North America sales.
Intel has reported record full year and fourth quarter revenues for 2014, but the IT chip vendor’s mobile business plummeted 85% compared to 2013 losing $4.21 billion over the financial year.
Network infrastructure vendor Ericsson has reported Q2 earnings down 1% from the year-ago quarter, but up 13% from Q1. “Sales in the quarter year-over-year were driven by growth in the Middle East, China and India, as well as continued capacity business in North America,” said Ericsson CEO Hans Vestberg.
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