(Reuters) - Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.
Shares of the world's largest internet social network fell as much as 3.1 percent in after-market trading on Wednesday.
Facebook has warned that 2015 will be a year of heavy investments as it steps up efforts to expand a collection of products that include messaging service WhatsApp, photo-sharing service Instagram and virtual reality headset maker Oculus Rift.Read more »
(Reuters) - Chipmaker Xilinx Inc reported a 14 percent fall in fourth-quarter net income, hurt by a $24 million restructuring charge.
Net income fell to $134.6 million, or 50 cents per share, from $156 million, or 53 cents per share, a year earlier.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Sayantani Ghosh)
(Reuters) - E-commerce company eBay Inc reported a 4.4 percent rise in quarterly revenue, helped by higher revenue in its payments business, which includes PayPal.
PayPal is set to be spun off later this year.
EBay reported net income of $626 million, or 51 cents per share, for the first quarter ended March 31 compared with a loss of $2.33 billion, or $1.82 per share, a year earlier.Read more »
(Reuters) - Network equipment maker F5 Networks Inc said longtime Chief Executive John McAdam will retire in July and will be succeeded by Manuel Rivelo.
Rivelo, who is currently F5 Network's executive vice president of strategic solutions, joined the company in 2011.
F5 Network also reported a 12.4 percent rise in quarterly revenue, helped by strong demand from telecommunications service providers and enterprise customers.
The company's net income rose to $85.7 million, or $1.18 per share, in the second quarter ended March 31, from $69.6 million, or 91 cents per share, a year earlier.Read more »
(Reuters) - Mobile chip maker Qualcomm Inc's (QCOM.O) quarterly profit plunged 46 percent as it lost a key customer and its highly profitable licensing business suffered due to a Chinese government probe into its anti-competitive practices.
Net income attributable to Qualcomm fell to $1.05 billion, or 63 cents per share in the second quarter ended March 29 from $1.96 billion, or $1.14 per share, a year earlier.Read more »
WASHINGTON (Reuters) - In a move likely to re-ignite public debate in America over electronic spying, Republicans have introduced a bill in the Senate to extend a controversial law empowering the government's bulk collection of U.S. telephone records.
President Barack Obama and many in Congress want to retain the mass data-collection program as a national security tool but want substantial changes in the program, which was secret until disclosed two years ago by former NSA contractor Edward Snowden.Read more »