Chinese computer giant Lenovo said Thursday it would cut more than 3,000 jobs as net profit for its first quarter fell by more than 50 percent.
Chinese Internet giant Tencent saw its net profit surge by 25 percent in the second quarter buoyed by growth in online advertising revenue and its popular messaging service WeChat, the company said Wednesday.
Japan's NEC said Thursday it remained stuck in the red during its fiscal first quarter largely owing to weakness in its telecom division, but was still on track for a full-year profit.
Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as it reshapes its business.
Japanese video game giant Nintendo said Wednesday it swung to a $67 million net profit in the three months to June, owing to a jump in console sales and a weaker yen.
Rising sales of medical equipment helped drive a 12 percent increase in second quarter net profit at Dutch electronics manufacturer Philips, the company said Monday.
India's biggest IT outsourcing firm Tata Consultancy Services on Thursday reported better-than-expected quarterly profits on the back of growth in its key markets of the United States and Europe.
China's Lenovo said Thursday revenue rose 20 percent in its past fiscal year, helped by its purchase of Motorola, but net profit growth slowed to just one percent.
The cash register keeps ringing for Alibaba, and mobile growth is a key reason why.
Taiwan's struggling personal computer maker Acer said Thursday it remained profitable in the three months to March despite a decline of 11.4 percent in revenues.