Wipro, India's third-largest software services exporter, reported a slightly smaller-than-expected 1.7% rise in quarterly net profit, and forecast muted growth amid fears a weak U.S. economy will hit outsourcing demand.
First it was Intel, then IBM, and now Google. Pretty soon, the message might get out that tech isn't nearly as bad as people thought. No two ways about it: the Google earnings report is extraordinary.
Big Blue is looking more like Big Green in after-market trading following the company's blockbuster first quarter earnings report, and the surprise increase in its full year guidance. IBM blew past Wall Street expectations, reporting $1.65 a share on $24.5 billion in revenue; both categories way above consensus of $1.45 and $23.711 billion respectively.
IBM shares are up 17% since its January earnings report. Can IBM keep it up? Read on for some of the key issues you'll need to watch when trying to answer that question.
If investors were steeling themselves for weak tech earnings, they got to exhale in a big way following Intel's optimistic outlook on Tuesday. And if Intel isn't seeing any domestic or global business slowdown, as the company's chief financial officer Stacy Smith told me following the earnings news, it stands to reason that IBM might be in a very good position to sound...
The pressure was on the world's largest chipmaker and judging by the company's outlook, Intel did not disappoint. The company reported 25 cents a share in EPS on $9.67 billion, essentially in line with Wall Street expectations.
With Intel, the bad news is already baked in, and that's leading many analysts to expect good things from the company at the close today. Funny how when a company lowers its own expectations, and is now expected to at least meet them that it translates into "good news" for Wall Street.
Despite world economic woes, some company executives are optimistic regarding their businesses. Here is what they told CNBC:
I knew that headline would catch your attention, and it should when you're trying to figure out the vagaries of Yahoo and its dealings with Microsoft, Time-Warner, News Corp. and any of the other suitors, or vultures, out there trying to become part of the company's future.
Just how bad can it get for Advanced Micro Devices? Seems we've been down this road often, and recently. It was only January when Banc of America issued a blistering advisory to clients that despite a 62 percent pummeling in 2007, AMD spacer was still not a good deal; that difficult times still lay ahead.
You ever watch popcorn pop? The oil gets hot, the kernels start moving around, and then one pops. And another. And then pretty soon, it gets so hot that everything pops all at once. Check out what's going on today on Wall Street with Apple and you gotta wonder whether these are merely the first kernels to pop before the company reports earnings.
Microsoft's deadline ditty late Friday that Yahoo has three weeks left to get a deal done before the deal gets hostile spurred a lengthy, and at some times personal, retort from Yahoo. And the rhetoric is getting interesting, but only to a point.
Microsoft co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released "sometime in the next year or so."
What is the problem? I mean, seriously. Yahoo! has been sitting on a $42 billion unsolicited offer on the table from Microsoft for two months, and other than a bunch of caterwauling since, Yahoo hasn't done much one way or the other.
Some of us knew it was going to happen; it was just a matter of when. Over the last few Apple events, it seemed as if Steve Jobs would always throw a graphic up on the big screen behind him to show the progress iTunes had been making against the traditional music retailers. Today, Apple finally lays claim to the industry's top spot: No. 1 music retailer -- surpassing Wal-Mart.
Is Dell running the risk of becoming the Yahoo! of the PC sector? Seems that way. The company has been spiraling, locked in fits and starts of recovery and morass for the better part of four years, and now there's word that already aggressive cuts and reorganization scenarios apparently weren't aggressive enough.
Research in Motion investors were betting on a big quarter, and the Blackberry maker delivers. And delivers big time. The company reported 72 cents a share on $1.88 billion, with both categories well ahead of Street expectations.
Here we go again: rumors swirling of iPhone shortages, supply constraints, manufacturing issues, and other sky-is-falling doomsday scenarios swirling around Apple and the product that should guide revenue and growth for the next generation.
Today could be a watershed day for Research in Motion after a raucous quarter that saw shares dip into the low $80s before launching their recent recovery over the past week or so. And that's the quirkiness comes in: never during the quarter was there an indication that fundamentals hit any snags, and yet shares suffered a precipitous decline.
We've spent a lot of time at CTIA talking about Research in Motion, Apple, Nokia and other major players from the wireless world. But it was the surprising comments from Microsoft's spacer entertainment and devices division president during my interview with him that began to drive Microsoft's shares.
Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.