Entries in 'financial' (104)
Philips announces 6,000 job losses
TV and electricals manufacturer Philips has become the latest tech firm to announce large-scale job cuts with news the company is to cut its global workforce by 6,000 people by ...
Microsoft to cut 5,000 jobs
Leading software developer and Xbox 360 platform holder Microsoft has confirmed the speculation that it is to slash 5,000 members of its global workforce following an 11 per cent year-on-year ...
1,000 jobs to go at Nokia
Finnish mobile phone company Nokia has announced that 1,000 people are to lose their jobs following a drop in net income of 69 per cent to €576m for the quarter ...
Apple reports record results
The sad news of Steve Jobs’ departure has been quickly forgotten at Apple as the leading lifestyle technology company reported record results for the three months ending December 2008.
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eBay suffers steep Q4 income drop
Internet auction giant eBay has revealed that revenues for Q4 2008 were down seven per cent on the same period in 2007, reaching $2.04bn – far lower than analysts had ...
Annual losses expected at Sony
PS3 platform holder Sony is expected to post an operating loss of $1.1bn for its financial year ending March 31st, according to Japanese business daily the Nikkei.
UK economy suffering “frightening deterioration”
A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a “frightening deterioration”, with December’s High Street numbers proving the ...
£8m loss for Comet
Kesa Electricals has revealed that its UK chain Comet made a half-year loss of £8.1m for the period up until October, with the retail chain blaming deteriorating market conditions for ...
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EA warns of poor Q4 results
Leading publisher EA has confirmed that disappointing sales of its key software titles means it expects both its net revenue and earnings for the current Q4 period to be below ...
Like-for-like sales up at GAME
The UK’s leading games retailer GAME has revealed that its total group sales for the 44 weeks up to November 29th are up 27.4 per cent compared to same period ...
DSGi posts £29.8m loss
PC World and Currys parent DSGi has axed its dividend to preserve liquidity, after being hit with a £29.8 million pre-tax loss for the first six months of the year.
Infogrames net revenue up 45%
Atari’s parent company Infrogrames has announced an increase of net revenue of 44.5 per cent for its fiscal first half 2009-2009 ending September 30th.
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Credit crunch could be Blu-ray’s death knell
The effects of the current global economic global crisis could see sales of Blu-ray discs and associated technology dramatically underperform this Christmas, according to some industry observers at the recent ...
Garriott quits as NCsoft profits tumble 50%
Leading MMO developer and publisher NCsoft has reported a 50 per cent drop in profits for the financial quarter ending September 30th – and has also been dealt a blow ...
THQ losses lead to 250 job cuts
US publisher THQ has confirmed that it is to cut 250 jobs following losses of $115.3 million for the three months ending September 30th.
Capcom posts quarterly gains
Flying in the face of the global credit crunch, Capcom has reported some positive financials for the quarter ending September 30th 2008.Kotaku reports that net sales for the period ...
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Xbox celebrates profitable year as 360 hardware sales rise
Microsoft’s Entertainment and Devices Division, which includes its Xbox 360 and Zune operations, has announced its first full year of profitable operations, with the fiscal year ending June 30th ’08 ...
Record Activision-Blizzard financials exceed expectations
The newly formed Activision-Blizzard has announced its financial results for its fiscal Q1 2009, ending June 30th 2008, which show record net revenues of $650 million – far in excess ...
Ubisoft’s 2008-2009 forecast nudges €1bn
Ubisoft has predicted that it will achieve a whopping €975 million in sales during fiscal year 2008-2009.The forecast is driven by the release of four new brands in the ...
$11.9m loss for Atari in Q1
Atari has finally filed its report for its first quarter, which shows the company suffered a net loss of $11.9 million in the period.Losses grew by $4.6 million from ...
$7m net loss for THQ in Q2
THQ has revealed its fiscal results for its second quarter, reporting a net loss of $7 million.The figure compares poorly to the $11.6 million reported for the same period ...
Playlogic secures $10m funding boost
Playlogic expects to raise $10 million (£5m) in a private placement from its investors ‘within weeks’.
Playlogic reports profits hike
Dutch developer and publisher Playlogic has reported an increase in profit of 71 per cent for the full year ended December 31st, 2006.
Take 2 CFO resigns
The chief financial officer at Take 2 Karl Winters has resigned.
