Fueled by new products that support the technology including Samsung's Galaxy S6 and Apple Watch, wireless power receivers and transmitters will generate more than US$1.7 billion in revenue this year.
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The company said it is facing numerous challenges ranging from enterprise demand, pricing and product qualifications.
Oracle's cloud business continues to grow, prompting Chairman Larry Ellison to hint at a challenge this year against Salesforce.com.
Oracle's third quarter earnings report will provide a glimpse into whether the company can sustain its cloud momentum.
The CRM giant reported earnings of 14 cents per share on revenue of $1.44 billion, up 26 percent annually.
Wall Street was looking for earnings of at least 24 cents per share with $569.75 million in revenue.
Wall Street was looking for earnings of 19 cents per share and $473.98 million in revenue.
The social network reported earnings of 12 cents per share on a revenue of $479 million, a 79 percent year-over-year.
Alibaba Group's net income continues to be hampered by costs associated with its landmark IPO in the United States last year, despite seeing a moderate rise in income from operations for the December quarter and a whopping 448 percent year-on-year surge in mobile revenue.
The fourth quarter of 2014 was NetSuite's seventh consecutive quarter of more than 30 percent year-over-year revenue growth.
UPDATED: Amazon will start breaking out AWS results starting with the first quarter earnings report of 2015.
Apple's first-quarter earnings were far better than Wall Street had hoped. Apple executives broke out further details on the follow-up analysts conference call.
Apple's December holiday period blew expectations out of the water, thanks to "record" iPhone sales, which partly offset the iPad decline.
The chipmaker posted flat earnings on revenue of $1.24 billion.
Tata Consultancy Services has reported that strong growth in industries has contributed to an increase in profit, revenue, and income for the third quarter of the 2015 financial year.
The acquisitions of Concur and Fieldglass give SAP's cloud revenue a boost in the fourth quarter.
Infosys' third quarter held up well as new CEO Vishal Sikka moves to retain top performers, initiate design thinking and invest in emerging technology.
BlackBerry's third quarter revenue came in well below expectations and CEO John Chen said the focus will now turn to growth. A lot is riding on BES 12.
Red Hat's CFO boasted the software company has achieved sequential revenue growth every quarter for the last 51 straight quarters.
In response, Oracle shares immediately rallied by 3.6 percent initially in after-hours trading.