Tag

Q1

All articles tagged with #q1

"GM's Q1 US Sales Dip 1.5% Despite Retail Delivery Jump"
business2 years ago

"GM's Q1 US Sales Dip 1.5% Despite Retail Delivery Jump"

General Motors reported a 1.5% dip in US sales for Q1, attributed to lower fleet sales, but retail deliveries surged 6%, with trucks and pickups driving the performance. The company delivered 594,233 vehicles, surpassing estimates, and saw gains in SUV and pickup sales, particularly in the retail sector. Despite a 23% drop in fleet sales due to production constraints, GM's retail market share increased, and its EV sales, including the Cadillac LYRIQ and Hummer EV, showed significant growth. GM's ability to leverage traditional gas powertrain vehicle sales has helped it weather the current EV demand slump, with the highly anticipated Equinox EV set to begin sales in Q2.

"Rare Discovery: World's First Desktop Computers Unearthed in House Clearance"
technology2 years ago

"Rare Discovery: World's First Desktop Computers Unearthed in House Clearance"

Two of the world's first desktop computers, the Q1, have been discovered during a house clearance in London. These relics, dating back over 50 years, were found by staff from a waste firm and will be displayed in an exhibition at Kingston University's computer science department. The Q1, released in 1972, was the first fully-integrated desktop computer powered by a single-chip microprocessor and preceded the earliest fully-integrated computers from IBM and Apple. Despite its high cost, the Q1 laid the foundation for today's modern computers and will be showcased alongside 60 other computers and gaming machines until February 17.

Oracle exceeds earnings expectations but falls slightly short on revenue.
business2 years ago

Oracle exceeds earnings expectations but falls slightly short on revenue.

Oracle reports Q1 non-GAAP EPS of $1.19, beating expectations by $0.04. However, revenue of $12.45 billion misses by $20 million. Q1 cloud revenue, including infrastructure and applications, reaches $4.6 billion, up 30% in USD. Oracle's cloud services and license support revenue now account for 77% of total revenue. The company's non-GAAP earnings per share grew by 16%, while free cash flow increased by 21% in Q1.