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Take-Two 4Q loss triples but sales beat forecast
Take-Two Interactive Software Inc. said Tuesday that its fourth-quarter net loss more than tripled as revenue fell and the video game maker failed to repeat the success of "Red Dead Redemption" from a year ago.Sales were slightly better-than-expected and its shares rose 69 cents, or 6.2 percent, to $11.85 in after-hours trading following the release of the earnings report.The company's net loss in
Take-Two Interactive Software Inc. said Tuesday that its fourth-quarter net loss more than tripled as revenue fell and the video game maker failed to repeat the success of "Red Dead Redemption" from a year ago.Sales were slightly better-than-expected and its shares rose 69 cents, or 6.2 percent, to $11.85 in after-hours trading following the release of the earnings report.The company's net loss in
Silicon Valley tech exec accused of Lego thefts
A Silicon Valley software executive put fake bar codes on Lego sets at various Target stores, bought the toys at a steep discount, then sold them online for thousands of dollars, authorities said.
A Silicon Valley software executive put fake bar codes on Lego sets at various Target stores, bought the toys at a steep discount, then sold them online for thousands of dollars, authorities said.
IT firm Pitney Bowes sets up center for R&D in Pune
US based IT firm Pitney Bowes Inc has set up a research and development center in Pune which will focus on research and development for its global portfolio, including a digital mailbox solution
Mid-cap infotech players poised to outshine their larger peers
Unlike some of their larger peers, who are anticipating a slower growth rate in 2012-13, many mid-cap information technology(IT) companies are expecting to expand faster than the 11-14 per cent
Google completes Motorola deal, heralding new era
Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of
Convergence Gaining Momentum, Wireless Broadband Growing Significantly, and New Innovative Business Models to Evolve in the Indian ICT Industry, Expects Frost & Sullivan
The rapid expansion of the Indian IT and Telecom sector has emerged as a key driver for the Indian economy and placed India on a globally competitive platform in the last one and a half decades. In the last financial year, Indian IT Software and Services export has grown at a rate of 16.5 percent and has reached USD 68 billion. The Indian telecom sector is now the fastest-growing and second-largest market in the world, with over 900 million subscribers.
The rapid expansion of the Indian IT and Telecom sector has emerged as a key driver for the Indian economy and placed India on a globally competitive platform in the last one and a half decades. In the last financial year, Indian IT Software and Services export has grown at a rate of 16.5 percent and has reached USD 68 billion. The Indian telecom sector is now the fastest-growing and second-largest market in the world, with over 900 million subscribers.
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