Even though the massive CrowdStrike outage caused billions in damages, insurance companies will cover only a fraction of the losses. A third of the total cost comes from the Fortune 500 businesses.
Losses RSS
Citymapper has released some financial information concerning 2021 and it looks like it made a loss of £7.4 million, in part due to the pandemic restrictions that were in place during that year.
Xiaomi reported losses for the Q1 2018. Despite the report sounding bad, if it continues this performance through the year it will have done better than in 2017. Xiaomi is expected to do an IPO soon.
Snap has released its third-quarter earnings report which reveals that the company lost $40 million on its goofy Spectacles. Earlier, Snap CEO Evan Spiegel said the company's future is in hardware.
Japanese electronics company Sharp warned last Friday that it will be posting a 100 billion yen ($1.1 billion) loss for the current fiscal year, and also announced that there would be 1,500 contract worker job...
CEO of Lenovo Group, William J. Amelio, resigned, as the World's fourth largest PC manufacturer announced a $96.7 million quarterly loss on Thursday, following declining sales as a result of the current economic climate. The...
Sprint Nextel reported deeper-than-expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 19 percent to their lowest level in more than five years. The No. 3 U.S....
Microsoft's Entertainment and Devices division posted third quarter figures: a $315 million loss (down 22% from last year's $402 million) while sales slipped to $929 million (down 21% over last year's $1.18 billion), as the...
Atari Inc. yesterday said it was rereporting its fourth quarter and full-year earnings and had filed adjusted documents with the SEC. Atari had previously announced unaudited financial results for the fourth quarter and full year...
Japanese game software and console maker Nintendo said on Wednesday it is unlikely to lose much money on the launch of its new "Wii" video game console, in sharp contrast to rival Sony Corp. expects...
Microsoft has posted its revenue results for its second quarter ended 31stDecember, revealing a loss of USD 293 million from the division whichmanages its next-generation Xbox 360 console. Overall revenue for the quarter was posted...
It seems like every day that another game publisher comes out with its Q2 earnings report, and every one seems to tell a similar tale; lower than forecasted earnings and increased expenses. The latest...
New Sony chief executive Howard Stringer may be poised to make further major cost cuts at the giant company, with analysts anticipating that the firm will post its largest loss in two years for the...
Midway loses $25.7 million during the first half of 2004; president David Zucker says "The extraordinary annual losses are behind us." Beleaguered game publisher Midway today released financial figures for the first...
Sony predicts that its PSP handheld will make losses initially but will enjoy a lengthy lifespan of up to 10 years. According to a recent Reuters report, Sony does not expect to...
Despite cost-cutting and a smarter release calendar, the once-mighty publisher loses $31 million over nine months. When is a loss of $31 million over a nine-month period cause for celebration? When it's...
Although job losses continue to hit the U.S. technology sector, the rate of the employment decline is slowing, the American Electronics Association (AEA) said Wednesday. Cyberstates 2003, an annual study by the AEA,...
AOL Time Warner Inc., the world's largest media company, Wednesday posted a fourth-quarter net loss after taking a $45.5 billion noncash charge for the decline in the value of its embattled America Online business and...
For the first time Microsoft is revealing how much money it is losing on its Xbox game console. Documents filed with the US financial watchdog show that Microsoft's Home and Entertainment division, which includes the...
Pop Quiz: What cuts me off after two hours, flogged £67m of net access but lost £22m in the three months to the end of September? Yep, BTopenworld - the ISP division...
A leading analyst house is urging mobile operators to abandon their plans for third-generation (3G) networks. In a note entitled 'Death bell tolls--3G RIP', Datamonitor analyst Nick Greenway writes: "Within the next...
A slowdown in PC buying resulted in a sizable loss and a large decline in revenue for chipmaker Advanced Micro Devices. AMD's revenue for the second quarter, ended June 30, came to...
