PARIS: European cloud computing services provider OVHcloud reported on Tuesday full-year revenue that broke through the symbolic one-billion-euro barrier, with its core profit margin exceeding 40%, and announced the appointment of its founder Octave Klaba as Chairman and Chief Executive Officer. The French company said the governance change was made to “align vision, strategy,…
MELBOURNE: Globe International Limited (GLO.AX) reported strong financial stability for the 2025 fiscal year, using its profit to deliver a significant dividend payout to shareholders, even as it navigated geopolitical uncertainty and new tariff pressures in the key U.S. market. The Australian footwear and apparel company, known for its roots in action sports, announced a…
TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to…
Apple Inc on Wednesday unveiled refreshed versions of its MacBook Pro, iPad Pro, and Vision Pro devices, all powered by a new in-house M5 chip that the company says significantly boosts performance, particularly for artificial intelligence tasks. The new lineup, available for pre-order immediately and set to go on sale October 22, is Apple’s…
U.S. stock indexes staged a dramatic intraday rebound on Tuesday, with the Dow Jones Industrial Average swinging more than 1,000 points from its low, as robust bank earnings provided a counterweight to escalating trade tensions with China. The blue-chip Dow, which had tumbled as much as 615 points during the session, closed up 424…
NEW BRUNSWICK: Johnson & Johnson said Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The move comes as the health-care conglomerate raised its 2025 product revenue forecast to a range of $93.5…
Revenue for the period was $38.8 million, a 24.8% decrease from the $51.6 million reported in the same period last year LONDON: Video game publisher Devolver Digital Inc. announced Tuesday its unaudited financial results for the six months ended June 30, 2025, reporting a decline in revenue but affirming it is on track to meet…
Key Points: Starbucks announced a major restructuring plan on Thursday that includes shuttering underperforming stores in North America and cutting 900 jobs, as Chief Executive Brian Niccol presses ahead with his strategy to streamline the coffee chain and reignite growth. The $1 billion effort comes as Starbucks grapples with six straight quarters of sales…
Company made a net profit attributable to shareholders of $343 million in H1 2025, compared to a loss a year earlier AMSTERDAM: Fertilizer maker OCI Global reported a net profit for the first half of 2025, driven by a major asset sale, but its core European nitrogen business faced pressure from rising gas prices and…
Group sales were flat at NZ$989.0 million, a 1.0% increase from the previous year AUCKLAND: KMD Brands Limited, the global outdoor lifestyle company behind Rip Curl, Kathmandu, and Oboz, reported a significant decline in profitability for the fiscal year ended July 2025, citing a highly promotional retail environment and global economic pressures. Group sales were…
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data…