Second-quarter earnings beat expectations, but growth forecast disappoints investors

Zoom posted its first quarter of $1 billion in revenue, but signaled a faster-than-expected decline in demand for its video conferencing service following a pandemic-driven boom, sending its shares plummeting by 11 percent. The company on Monday forecast third quarter revenue of between $1.015 billion (about Rs. 7.415 million) and $1.020 billion (about Rs. 7.450 … Read more

Dell faces strong demand for laptops, desktops and cloud services due to telecommuting to beat second quarter revenue estimates

Dell beat market estimates for second-quarter revenue on Thursday with the switch to hybrid work, keeping demand strong for its laptops, desktops and cloud services. Globally, people continue to spend on computer devices even after a year of working from home. International Data figures showed that PC shipments increased 13 percent from April to June, … Read more

Tribute to developer Kings, Tencent Rides Gaming, advertising surge to beat quarterly estimates

Tencent beat forecasts with a 29 percent jump in second-quarter profit, helped by an increase in popular game revenue and growth in online advertising sales. Strong demand for games like Honor of Kings and PUBG Mobile offset a decrease in revenue from their Battle Royale Peacekeeper Elite title. Net income for the three months to … Read more