Wall Street Beat: Software a bright spot as tech results bring gloom

Tech titans including IBM, SAP, Microsoft, Nokia, Google and Yahoo weighed in with quarterly earnings

By , IDG News Service |  Hardware

--Yahoo, which reported a 46 percent increase in profit to $331 million. Revenue, however, was $1.14 billion, a 7 percent decline from last year. Though under CEO Marissa Mayer the company has tried to reinvent itself through acquisitions and has made efforts to control costs, it ultimately needs to boost sales to achieve real growth.

--Nokia, which despite reporting strong sales of its Lumia smartphones, suffered a 24 percent decline in revenue to €5.70 billion (US$7.48 billion). The company's net loss, however, was €278 million, smaller than the year-earlier loss of €1.53 billion.

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