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Category: NEWS

NEWS

IBM Reports 2020 Second-Quarter Results

IBM published second quarter financial results on Monday, reporting its second straight quarter of revenue declines despite beating expectations.  The business technology giant delivered non-GAAP EPS of $2.18 on revenue of $18.1 billion, down 5.4% year-over-year. Analysts were expecting earnings of $2.07 per share on revenue of...
NEWS

Netflix Names Ted Sarandos New Co-CEO

The streaming giant Netflix on Thursday announced that Ted Sarandos will serve as co-CEO alongside co-founder and CEO Reed Hastings. Sarandos, a 20-year Netflix veteran, will also hold onto his title of Chief Content Officer and is joining the Netflix board of directors.  “Ted has been my...
NEWS

LG Profit Down 24% In Q2

LG Electronics has posted operating profit of 493 billion won and revenue of 12.8 trillion won in the second quarter of 2020, the company said in its earning guidance on Tuesday, Zdnet reported It is a decline of 24.4% and 18%, respectively, from the same...