Business
EMC Corporation (NYSE:EMC) shows massive growth in cloud computing, Big Data segment and trusted Information Technology solutions
While the earnings per share had reported to have increased by 10% over the previous year, it had been calculated that the revenues had increased by 6%. All such strong results for the quarter had been enabling the stock to gain higher in prices in the recent days with higher level of confidence of the investors.
Business
NVIDIA Corporation (NASDAQ:NVDA) shares trading up
The company had reported increase in sales to touch $977 million which was observed to be 2.4% higher than the previous quarter. Further the gross profit margins for the second quarter had increased to 55.8% compared to the profit margins of 54.3% reported for the first quarter of fiscal year.
Business
No Rewards For The One Who Hacked Zukerberg’s Profile – Facebook Inc (NASDAQ:FB)
In normal cases Facebook does offers rewards to those who successfully find loopholes in security this Palestinian researcher Khali Shreateh would not receive even a penny since he went too far by posting Zukerberg’s personal information on his profile page.
Business
AT&T Inc. (NYSE:T) expects high profits with “Next plan”
This Next plan launched by the company in July 2013 is designed in such a way that the customers will have to make higher monthly payments of installation so that their phone could be upgraded annually. AT&T Inc. (NYSE:T) had been moving down on Monday to lose around 1.14% in prices and thereby had closed at $33.79 per share. The stock had moved on to present fluctuations in prices in the range of $33.63 to $34.18 per share for the day.
Business
Brocade Communications Systems, Inc. (NASDAQ:BRCD) riding high on strong market demand
The EPS for the quarter was $0.19 versus $0.14 EPS last year. With this, Brocade beat analyst estimate of $0.12 earnings per share. The company, however, posted a 3% year-over-year decline in its third quarter revenue to $536.6 million, but interestingly it beat the average revenue estimate of $518.84 million.
Business
Sprint Corporation (NYSE:S)’s stock is still being viewed with skepticism by the traders
This is primarily due to the turmoil that the company had been recently facing from the loss of wireless subscribers. Recently in the month of July 2013, the company had reported revenues at $64.20 on an average per user, which proved to be better than the expectations of the analysts at Deutsche Bank at $63.76 per user.