Tata Consultancy Services (TCS) will record a $70 million charge in Q1 FY27 after the US Supreme Court declined to hear its appeal in a trade secrets dispute with DXC Technology. The case, involving allegations of misappropriated confidential information, resulted in a lower court awarding damages to DXC.
United Aircraft Corporation (UAC) is exploring the possibility of attracting private investment in the future, but CEO Vadim Badekha stated that this depends on achieving sustainable financial performance and profitability. UAC aims to become profitable, efficient, and transparent, with expectations of posting a profit in 2026.
United Aircraft Corporation (UAC) anticipates posting a profit in 2026 and maintaining positive financial results in subsequent years, according to CEO Vadim Badekha. The company reportedly stopped incurring losses in 2025, with a net profit of 9.5 billion rubles reported for that year.
Jaguar Land Rover's annual profit plummeted to £14m, a 99% drop from £2.5bn last year, due to US tariffs impacting US demand and a devastating cyber-attack that halted production for months, alongside challenges in the competitive Chinese market.
Microsoft CFO Amy Hood announced the company expects headcount to decrease year over year as it evolves operations for increased pace and agility. The announcement follows thousands of job cuts and a voluntary buyout program impacting around 7% of US workforce. The company reported $83 billion quarterly revenue with $32 billion net income, while Azure is forecast to grow 39-40%. Microsoft's first-ever voluntary retirement program targets employees with age plus years of service totaling 70 or more, with about 8,750 workers eligible.
Company details $111.2bn in revenue in first earnings report after announcement of Cook’s pending departureApple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook shared his thoughts about the leadership transition on Thursday, saying: “There’s no one on this planet I trust more to lead Apple into the future” than incoming CEO John Ternus. Asked by an investor what advice he has given Ternus, Cook said: “Never forget the north star for the company. You know, we’re about making the best products in the world that really enrich other people’s lives.” Continue reading...
World Table Tennis CEO Steve Dainton will step down from his role on Friday, just four months after taking on the job on a full-time basis and as financial results underlined the challenges facing the sport. Dainton, who has spent more than 20 years in the sport and led the creation and growth of the organisation in 2019, will also step away from his position on its board. He will remain in an advisory role in the coming months to support the transition, while the search for his successor has...
Four of the Magnificent Seven tech stocks reported quarterly results, with Amazon, Alphabet and Microsoft beating expectations thanks to double-digit cloud computing growth driven by AI adoption. Meta missed expectations and saw its stock fall 5% after announcing increased capital expenditures. The companies plan to spend $650bn collectively on AI infrastructure in 2026, while over 92,000 tech workers have been laid off globally this year as AI replaces human labor.
BP nearly doubled its profits to $3.2bn in Q1 2026, driven by surging oil and gas prices following the Iran war that began at the end of February. The oil major beat analyst expectations, with CEO Meg O'Neill acknowledging the "environment of conflict and complexity." Campaign group Global Witness criticized the profits, noting this is the second time in four years that geopolitical conflict has boosted oil company earnings, following Russia's 2022 invasion of Ukraine.
