Apple Reports 2014 Third Quarter Results

Apple Reports 2014 Third Quarter Results


Apple reported financial results for its fiscal 2014 third quarter ended June 28, 2014. The company posted quarterly revenues of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9…

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Facebook Lets Users Save Items For Reading Later

Facebook Lets Users Save Items For Reading Later


Facebook has launched a new feature that lets users save items they find on Facebook, for later. Yes, like, Pocket. The feature, aptly called Save, is however for links, places, movies, TV and music, on Facebook only. By default, the items on Save are private, unless the user chooses to share them with friends. The saved items list is organized by category, and can be archived. Facebook says it…

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Bloomberg Has Largest Server Side JavaScript Deployment In World

Bloomberg Has Largest Server Side JavaScript Deployment In World


Financial information and news company Bloomberg says it has the largest server-side JavaScript deployment in the world, with 22 million lines of JavaScript code. The company also runs one of the world’s largest private networks with over 20,000 routers across its network, and processes 45-50 billion ticks per day of financial data.

Bloomberg is now opening a dedicated R&D office in San…

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Sue Wagner Joins Apple’s Board

Sue Wagner Joins Apple’s Board


Susan Wagner, founding partner and director of BlackRock, has been elected to Apple’s board of directors. Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service.

Ms. Wagner co-founded BlackRock in 1988, and held a range of leadership positions including vice chairman until mid-2012. She continues to serve on the boards of BlackRock and DSP BlackRock (India), as…

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Microsoft To Axe 18,000 Jobs

Microsoft To Axe 18,000 Jobs


Microsoft is eliminating 18,000 jobs as part of a corporate restructuring. The job cuts, which will lead to a reduction of about 14 per cent of the company’s workforce, is also the largest in its 39-year history. In a statement, the company said the corporate restructuring is expected to simplify the organization, and most of the cuts, across roughly 12,500 professional and factory positions,…

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Sotera Wins $87M Army Software Engineering Contract

Sotera Wins $87M Army Software Engineering Contract


Sotera, a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, was awarded an $87 million task order for the U.S. Army Software Engineering Center (SEC) Worldwide Intel Systems Field Software Engineering Support. The two-year task order was issued under the Software and Systems Engineering Services Next…

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