The global financial crisis has also affected IT industry. SAP announced that the revenue for the third quarter will not meet the expectation. The poor projection is due to the drop of orders. Although, SAP is expected to earn revenue between $1.02 billion and $1.04 billion for the third quarter and the number is 4 to 5 percent higher than last year. But, it is still far lower than the company projection of 20%.
Netflix, Inc. (NFLX), a provider of online movie rental subscription services, reported a 4% growth in its second-quarter profit, as the company added more subscribers and incurred lower subscriber acquisition costs. Further, the movie rental company raised its earnings target for the full-year, while providing financial forecasts for its third and fourth quarters.
Microsoft Corp. announced in June, 2008 that it will offer ad-funded cash rebates to customers who find and purchase their favorite products through a new program called Microsoft Live Search cashback. Key partners including eBay, Barnes & Noble.com, Overstock.com, Sears, Zappos.com, and WPP joined Microsoft Chairman Bill Gates at advance08, Microsoft’s annual advertising customer event, to announce their participation in the new program.
Intel, the world’s top chip maker, on Tuesday announced record second-quarter revenue of $9.5 billion, operating income of $2.3 billion, net income of $1.6 billion and earnings per share (EPS) of 28 cents.
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