Sequans Communications SA. reported a fourth-quarter FY21 revenue decline of 12.5 percent year-on-year to $13.8 million, beating the consensus of $13.7 million. Product revenue declined 42.6 percent Y/Y to $6.9 million, and Services and license revenue rose 84.8 percent to $6.9 million. The gross margin expanded by 1,200 bps to 57.1 percent. Operating loss narrowed to…

Thomson Reuters Corp. reported fourth-quarter FY21 revenue growth of 6 percent year-on-year to $1.71 billion, beating the consensus of $1.68 billion. Organic revenues increased 6 percent, driven by recurring revenues and transactions revenues. The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively comprised 79 percent of total revenues and reported organic revenue growth…

STMicroelectronics NV reported fourth-quarter FY21 revenue growth of 9.9 percent year-on-year to $3.56 billion, beating the consensus of $3.46 billion. Sales to OEMs remain unchanged, and Distribution sales improved 38.7 percent Y/Y. Automotive and Discrete Group (ADG) revenue rose 28.6 percent Y/Y to $1.23 billion. Analog, MEMS, and Sensors Group (AMS) revenue declined 11.2 percent Y/Y…

SAP SE reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to €7.98 billion at constant currencies. Cloud revenue increased 24 percent Y/Y to €2.61 billion at CC. S/4HANA cloud revenue grew 61 percent Y/Y to €329 million at CC. Software licenses revenue declined 17 percent Y/Y to €1.46 billion at CC. Cloud and software revenue…

Credit card company American Express said Tuesday that its fourth-quarter profits rose 20 percent from a year earlier, as eager consumers spent record levels of money during the holiday season on the company’s namesake cards. AmEx posted a profit of $1.72 billion, or $2.18 a share, up from $1.44 billion, or $1.76 a share, a…

Verizon Communications Inc. reported a fourth-quarter FY21 sales decline of 1.8 percent year-on-year, to $34.1 billion, beating the consensus of $33.9 billion. Adjusted EPS of $1.31 beat the consensus of $1.29. Total Verizon Consumer revenue grew 7.4 percent Y/Y to $25.7 billion, driven by strong demand for its higher-tier premium mobility and broadband offerings. Consumer wireless service…

Xerox Holdings Corp. reported a fourth-quarter FY21 sales decline of 7.9 percent year-on-year, to $1.78 billion, missing the consensus of $1.82 billion. Adjusted EPS of $0.34 beat the consensus of $0.33. Equipment sales declined 24.7 percent Y/Y, while Post sale revenue decreased 1.9 percent Y/Y. Sales in the Americas declined 9.3 percent Y/Y, and EMEA decreased…

United Microelectronics Corp. reported fourth-quarter FY21 revenue growth of 30.5 percent year-on-year to $2.14 billion, beating the consensus of $2.08 billion. “In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7 percent QoQ to 2.55 million 8-inch equivalents,” Co-President Jason Wang said. Margin The gross margin expanded…

Telefonaktiebolaget LM Ericsson reported a fourth-quarter FY21 sales growth of 3 percent year-on-year to SEK71.3 billion. Group organic sales grew by 2 percent Y/Y. Organic sales in Networks rose 3 percent Y/Y, and Digital Services sales were flat Y/Y. It reported an EPS of SEK 3.02 versus SEK 2.26 last year. The adjusted gross margin expanded 290…

PARIS—Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch, which gave a lift to its shares. Sales for the last three months of 2021 increased by 11.2 percent sequentially, coming in at $3.56 billion which was…