Huawei sales up, but growth slows under virus, US pressure

BEIJING (AP) — Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S. sanctions and the coronavirus pandemic.

Huawei Technologies Ltd., gave no sales figure for the most recent quarter ending in September, but growth for the first three quarters was down from the 13.1% reported for the first half of the year.

Huawei is struggling with U.S. sanctions that cut off its access to most American technology and components in a feud with Beijing over technology and security. The White House says Huawei is a threat and might facilitate Chinese spying, which the company denies.


Washington also is tightening curbs on access to U.S. markets or technology for other Chinese tech companies including telecom equipment maker ZTE Corp., video service TikTok and messaging

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Global EHS Software Market 2020 Growth, Industry Trend, Sales Revenue, Size by Regional Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Oct 21, 2020 (CDN Newswire via Comtex) —
MarketsandResearch.biz has newly published research study entitled Global EHS Software Market 2020 by Company, Regions, Type and Application, Forecast to 2025 that incorporates the analysis of different factors that extends the market’s growth. The report assists with breaking down top makers, districts, and in like manner covers industry deals channel, wholesalers, vendors, research findings, and conclusion. The report discloses the shortest and durable growth projections of the global EHS Software market. The report provides the scope of different segments and applications that can potentially influence the market in the future. It constitutes trends, restraints, and drivers as well as key challenges that are required to market growth in the projection period from 2020 to 2026. In addition, the report drops light on different opportunities, growth prospects, major segmentation, and

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Tesla reports record profit and maintains ambitious sales target

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year.



a car parked in a parking lot: Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced -- the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images


© David Paul Morris/Bloomberg/Getty Images
Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images

The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.

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There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year,

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Tesla Stays In The Black For A Fifth Quarter, Buoyed By Emissions Credit Sales

After more than a decade of annual losses, Tesla
TSLA
extended its profitability streak to five consecutive quarters, a company first, as increased sales of Model 3 and Model Y electric vehicles and pollution credits boosted net income to $331 million, its highest to date.

The Palo Alto, California-based company led by billionaire entrepreneur Elon Musk reported earnings per share of 27 cents in the quarter, up from 16 cents a year ago. Revenue jumped 39% to $8.77 billion from $6.3 billion in 2019’s third quarter. As usual, sales of emissions credits to other automakers fattened the quarterly profits. Tesla reported $397 million of credit sales, essentially free money that goes a long way toward keeping the company in the black. 

The upbeat results come after Tesla said this month that deliveries of its electric cars

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Microsoft sales changes could help it challenge Salesforce in cloud software

  • Microsoft is making its Dynamics business software a higher priority for its salespeople.
  • The Dynamics business exceeded $3 billion in the most recent fiscal year.



Satya Nadella, Jessi Hempel looking at the camera: Marc Benioff, chairman and chief executive officer of Salesforce.com, left, and Satya Nadella, chief executive officer of Microsoft Corp., center, watch a presentation during Salesforce's Dreamforce conference in San Francisco on Sept. 16, 2015.


© Provided by CNBC
Marc Benioff, chairman and chief executive officer of Salesforce.com, left, and Satya Nadella, chief executive officer of Microsoft Corp., center, watch a presentation during Salesforce’s Dreamforce conference in San Francisco on Sept. 16, 2015.

Microsoft might finally be ready to compete hard in Salesforce’s core business of customer relationship management (CRM) software, which helps businesses track sales and support.

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Microsoft is directing its salespeople to get existing customers to adopt its Dynamics products, a major Microsoft partner indicated to analysts at RBC Capital Markets. RBC didn’t name the partner, but these players typically re-sell Microsoft software, often in conjunction with consulting services, hardware, or other software.

The push could lift Microsoft’s Commercial Cloud, a group of cloud products that

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Nokia seeks to block Lenovo sales in Germany over patent licensing

By Supantha Mukherjee



a sign on the side of a building: FILE PHOTO: A Nokia logo is seen at the company's headquarters in Espoo, Finland


© Reuters/Ints Kalnins
FILE PHOTO: A Nokia logo is seen at the company’s headquarters in Espoo, Finland

STOCKHOLM (Reuters) – Nokia on Tuesday sought to enforce an injunction against Lenovo, the world’s biggest PC maker, to block sales of its products in Germany after violation of a video encoding patent.

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A Munich court ruled on Sept. 30 that Hong Kong-listed Lenovo infringed one of Nokia’s patents, ordered an injunction and a recall of products from retailers, among other things.

Nokia launched its legal battle against Lenovo last year over alleged infringement of 20 patents. The Finnish company has ongoing cases against Lenovo in the United States, Brazil and India, in addition to six cases in Germany.

Lenovo has appealed against the Munich court ruling.

“We believe Nokia has violated its own legal obligations by refusing to license its technology on Fair Reasonable and Non-Discriminatory (FRAND)

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Alliance with Earthling Security Provides Respond Software with New Sales Channel and FedRAMP Assistance

Respond Software, the cybersecurity investigation automation company, announced today that it has signed with Earthling Security, a leading FedRAMP Third Party Assessment Organization (3PAO), to benefit from its FedRAMP advisory services. The company has also signed Earthling Security as an MSSP partner.

The Federal Risk and Authorization Management Program (FedRAMPSM) is a U.S. government-wide program that provides a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services. With a recently signed contract to deliver the intelligent decision automation platform for the U.S. Air Force, Respond Software is working closely with the service branch as the sponsoring organization to achieve FedRAMP authorization. Earthling will operate as the advising 3PAO for the FedRAMP authorization process and offer the Respond Analyst as part of its existing managed detection and response offering.

Mike Armistead, CEO and founder, Respond Software, said: “We have a rigorous plan in

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Logitech Q2 earnings: Sales skyrocket to over $1bn as remote work becomes the new normal

Many businesses are suffering due to COVID-19, but Logitech is enjoying rapid growth and an explosion in sales.

The company manufactures PC accessories and peripherals including mice, keyboards, headsets, cameras, and video equipment — all of which have been in constant demand since the coronavirus pandemic shocked the global economy and forced businesses to ask employees to work from home. 

During the first surge and the initial scramble to set up home offices, shelves — online or otherwise — were stripped of equipment. As we head toward the next wave, it appears sales are still going strong. 

Late on Monday, Logitech reported second-quarter results (statement), ended Sept 30, 2020, including non-GAAP sales of $1.26 billion and earnings per share of $1.87. The company says this is the first time that quarterly sales have bypassed the billion-dollar mark, having grown over the quarter by 73%. 

Q2 non-GAPP operating income increased by

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E-Commerce Is COVID-Proof; Festive Season Sales Likely To Double


7 min read


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

The e-commerce industry in the country has been growing since the time Indians have tasted the power of the Internet. Entry of Jio by Asia’s richest person further boosted the growth of these companies. During the early stage of pandemic, when the world was assessing the outbreak and was temporarily indoors with the economy going downhill, e-commerce companies were the life support for most of urban India. According to a Unicommerce report, the e-commerce industry in June not only recovered, but also witnessed an order volume growth of 17 per cent.

With the festive season around the corner, e-commerce companies are betting high on their festive season sales. With flashy ads, new product lineups, more delivery executives hired and unprecedented discounts, these e-commerce companies have thrown their hats into the ring to grab more

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Amazon Prime Day Estimates Suggest E-Commerce Sales Continue Soaring

While Amazon.com  (AMZN) – Get Report hasn’t shared the final sales tally for its Prime Day event, Amazon’s data and third-party estimates point to strong growth relative to 2019.

E-commerce website Digital Commerce 360 estimates Amazon racked up $10.4 billion worth of sales globally on Oct. 13 and 14 as its Prime Day event unfolded. That represents a 45.2% increase relative to the $7.16 billion in sales estimated for Amazon’s July 2019 Prime Day event.

The estimate arrives a day after Amazon — ever eager to highlight its work with small businesses — disclosed that its marketplace sellers generated more than $3.5 billion in sales (a near-60% annual increase) across the 19 countries in which Prime Day was held on Oct. 13 and 14. The estimate doesn’t include sales occurring during India’s Prime Day event, which took place in August.

As Digital Commerce 360 notes, Amazon’s Prime Day

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