By Akash Sriram Oracle Corp met Wall Street targets for first-quarter revenue on Monday as the enterprise software maker started to reap the benefits of buying healthcare IT firm Cerner. Demand for its cloud services also remained strong, driving segment revenue up 45 percent to $3.6 billion, including contribution from Cerner. With hybrid work gaining…
Daimler Powers Through Chip Crunch, 2021 Targets on Track
LONDON—Daimler AG reported a higher quarterly profit on Friday despite a 30 percent drop in Mercedes-Benz unit sales due to a global semiconductor chip shortage, as it focused on more profitable luxury cars and cut costs, and said it should meet its 2021 profit targets. The German premium carmaker said it expects chip supplies to…
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