Tesla Inc has agreed to lease office space from HP Inc near the electric carmaker's current headquarters in Palo Alto, California, a person familiar with the matter told Reuters.
By Reuters Staff
(Adds details from HP Inc results, details from conference call)
May 27 (Reuters) - Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
“The component supply situation remains constrained,” Dell Chief Financial Officer Thomas Sweet said in post earnings call, adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis.
By Reuters Staff
2 Min Read
TAIPEI (Reuters) -Taiwan’s Foxconn said on Wednesday it has formed a joint venture with Yageo Corp to expand its presence in the semiconductor industry, as a global chip shortage rattles producers of goods from cars to electronics.
FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang
The supply bottleneck has led to production cuts and warnings of supply chain disruption from manufacturers across the world this year.
Electronics manufacturing conglomerate Foxconn, which counts tech giants such as Apple among its top clients, said in a statement the two companies will set up a new firm in Taiwan called XSemi Corporation.
By Reuters Staff
(Updates with CEO comments on outlook, sectors, India)
April 29 (Reuters) - French consulting and IT services provider Capgemini said on Thursday its 2021 revenue growth should exceed the mid-point of its target range after stronger than anticipated first quarter growth driven by its data and cloud business.
Those services, which now account for two thirds of the group’s activity, have kept growing at a double-digit rate as more companies go digital because of the pandemic, Chief Executive Aiman Ezzat told reporters.
“Our clients’ demand in terms of digital transformation continues to accelerate,” he said.
The momentum should carry into the second quarter, Ezzat said, although overall growth was weighed down by the aerospace sector, which has been reeling from the collapse in air travel caused by the pandemic.