All articles by Refna Tharayil
Refna Tharayil
Apple shares gain after strong sales outlook for current quarter
Apple reported $124.3bn in revenue for Q1 FY25 ended 28 December 2024, as growth in its services and hardware segments outweighed a slight decline in iPhone sales.
Intel’s Q4 2024 revenue exceeds forecasts, but Q1 2025 outlook disappoints investors
The semiconductor giant reported Q4 revenue of $14.3bn, a 7% year-over-year decline, while posting a net loss of $126m compared to a net income of $2.67bn a year earlier.
Morrisons struggles with supply chain disruption following Blue Yonder cyberattack
The cyberattack disrupted product availability, particularly fresh produce, leading to slower sales growth during the critical Christmas trading period and hindering the company’s ability to manage stock levels.
Microsoft’s cloud forecast misses estimates, shares drop in after-hours trading
Redmond’s Q2 FY25 earnings exceeded revenue expectations with a 12% YoY increase to $69.6bn, surpassing the $68.78bn consensus estimate, though cloud growth showed signs of slowing.
Smiths Group faces cybersecurity incident as unauthorised access detected
The UK-based engineering company is collaborating with cybersecurity specialists to evaluate the extent of the breach, restore affected systems, and ensure compliance with regulatory requirements.
ASML exceeds Q4 expectations, projects up to €35bn in 2025 sales
The Dutch company reported full-year net sales of €28.3bn in 2024, exceeding the €27.6bn recorded in the previous year, with a net income of €7.6bn.
SAP boosts 2025 forecast as cloud revenue growth accelerates
In Q4 2024, SAP’s cloud revenue increased by 27% to €4.7bn, surpassing analyst expectations, while for the full year, it grew by 25% to €17.14bn
Global tech stocks plunge as China’s DeepSeek AI gains traction
DeepSeek’s AI assistant became the most downloaded free app on Apple’s US App Store over the weekend, surpassing ChatGPT.
Change Healthcare ransomware attack exposes data of 190 million people
The breach, carried out by the BlackCat ransomware group (ALPHV) in February 2024, led to widespread system outages at Change Healthcare, one of the largest health claims processors in the US.
Google plans AI-focused training to prepare workers for evolving industries
The “Grow with Google” initiative, which has certified over one million participants in fields like data analysis and IT support, will soon add AI-focused courses.