Today, Telstra the biggest telecom company of Australia reported that its subscriber base for mobile now numbers at 16 million and that the company has added about 1 million new subscribers in the financial year 2013-2014.
Nuance Communications Inc based close to Burlington, Massachusetts, that makes voice recognition software forecast its adjusted revenue for the present quarter and profit lesser than expected as the company carries on its struggle through its changeover to a business model that is subscription based.
Today JB Hi-Fi the retailer of home entertainment products reported its full year earnings. Though the headline sales were little below the market outlook but its profit saw a boost of 10% year on year and the figures stood at $128.36Million.
The troubled retailers July trading weaknesses was outshone by a burly increase in the full-year profit reported by the retailer of electronic goods.
Target Corp. the Minneapolis-based retailer has had unending troubles since it declared that hackers have stolen the credit and debit card records of millions of its customers in December. The theft along with denting the chain's reputation ate into its profits and initiated several legal actions.
The quarterly profits of Walt Disney the world's largest media company surpassed the expectations of Wall Street. The great success is attributed to the strong performance of its movie "Captain America", greater turnout at the theme parks in the U. S. and rapid sales of merchandise that are related to its mega-hit movie "Frozen."
Baidu the search giant of China reported a 34 percent leap in its second quarter profit. Its mobile ad sales alone accounted for approximately one third of the revenue for the first time.
Profits of the company reached 3.5 billion yuan or US$571 million for this quarter. The revenue increased 59 percent to 12 billion yuan, as the upper limit of its forecast.
The pricing battle waged between AT&T and T-Mobile has apparently taken a toll on Verizon Wireless quarterly earnings --- with the 2014 first-quarter earnings reported by the carrier on Thursday showing that it lost core phone customers during the quarter.
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