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Tag Archives: Profit

Facebook Reportedly Surpasses Google, Microsoft in Terms of Profit Per Employee

Facebook has leapfrogged Microsoft and Google’s parent company Alphabet in securing maximum profit per employee in the second quarter of 2017 while Twitter suffered a hefty loss, a media report said. Facebook, which employed 20,658 persons in the past quarter – a 43 percent increase over the same period last year – made $188,498 (roughly Rs. 1.2 crores) per employee, according to a report in ReCode. ... Read More »

Facebook Reportedly Surpasses Google, Microsoft in Terms of Profit Per Employee

HIGHLIGHTS Facebook made $188,498 per employee Microsoft made $52,400 and Alphabet Inc $46,610 per employee Twitter lost nearly $36,000 per employee Facebook has leapfrogged Microsoft and Google’s parent company Alphabet in securing maximum profit per employee in the second quarter of 2017 while Twitter suffered a hefty loss, a media report said. Facebook, which employed 20,658 persons in the past quarter – a 43 ... Read More »

LG posts healthy Q2 profit despite mobile setback

LG Electronics saw its second quarter profit rise 13.6 percent from a year ago, backed by strong home appliance and TV sales. The company posted operating profits of 664 billion won ($590 million), as announced in its preliminary guidance earlier this year, a rise of 13.6 percent from a year ago. However, the mobile business posted an operating loss of 132.4 billion ... Read More »

Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions

Foodpanda has become profitable in two of its three operating regions, Central and East Europe and the Middle East, with profits in Asia a function of how quickly it can grab market share, its chief executive said on Tuesday. The emerging markets food delivery specialist said it had become profitable in the Middle East after agreeing to a deal to ... Read More »

BlackBerry Reports Fiscal Q4 Net Profit of $28 Million

BlackBerry Ltd posted better-than-expected quarterly earnings on Friday, offering signs its turnaround efforts may be beginning to gain traction, but a larger-than-expected drop in revenue worried investors. The stock seesawed in premarket trading, reflecting the mixed investor sentiment. The stock initially rose sharply, then fell into negative territory. It was up 4.8 percent at $9.75 at 8 a.m. EDT (1200 ... Read More »