SAN FRANCISCO : Chip designer Arm Holdings topped revenue and profit expectations for the second quarter on Wednesday, in part because customers like Apple are using a more profitable version of its next-generation technology.The company, however, forecast current-quarter revenue with a midpoint that was

Super Micro's stock fell to its lowest since mid-2023 on Wednesday after the company issued unaudited quarterly results that added to investor concerns.

German software developer TeamViewer lowered its full-year revenue outlook on Wednesday, citing that foreign exchange headwinds from 2023 billings could likely have a negative impact of up to 11 million euros ($11.84 million).The company, which specialises in cloud-based technologies, now expects its rev

Apple has warned investors that future products may never be as profitable as its iPhone business which make up nearly half of the company’s revenue. Earlier this year, Apple killed its electric car project. Meanwhile, its Vision Pro which has a starting price of nearly A$6,000 has failed miserably in capturing any significant market share.... Read More

Emerson shares soared Tuesday after the industrial engineering company beat quarterly estimates and said it would buy the remaining stake in an automation software firm.

Super Micro, the embattled server maker, reported preliminary first-quarter results on Tuesday.

:Super Micro Computer, whose auditor unexpectedly stepped down last week, flagged uncertainty on Tuesday about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company.Shares of the San Jose, California-based server maker fell about 15.5 per ce

:Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.The company in 2021 merged its software units with smaller rival Aspen Technology and took control of about 55 per cent of

:Emerson Electric made a proposal on Tuesday to acquire the stake it does not already own in AspenTech for $240 per share in cash, doubling down on its industrial automation push.The proposal values AspenTech at $15.1 billion on an enterprise basis, Emerson said.Emerson already owns about 55 per cent o

:Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, sharpening its focus on industrial automation.The company in 2021 merged its software units with smaller rival Aspen Technology to own about 55 per cent in the combined entity.Emerso

Astera Labs shares are jumping around 25% Tuesday morning, after the Nvidia supplier reported strong earnings results on the back of demand for its artificial intelligence (AI) products.