ASML signals double-digit annual growth as quarterly sales jump

AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV ASML.AS on Wednesday posted a better-than-expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices.

FILE PHOTO: ASML Holding logo is seen at company’s headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier

The company reported sales of 3.96 billion euros ($4.65 billion) in the third quarter ended Sept. 30, ahead of analyst estimates of 3.7 billion euros, and a net profit of 1.06 billion euros. In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of 3 billion euros.

ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euros in the fourth quarter and said the company expected “low double digit” growth in 2021.

ASML has a near monopoly on lithography systems, enormous machines that can cost up to $200 million each and play a

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Tesla’s quarterly report could land Musk another $3 billion

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By Noel Randewich



Elon Musk wearing a suit and tie: FILE PHOTO: Automobile awards The golden steering wheel in Berlin


© Reuters/Hannibal Hanschke
FILE PHOTO: Automobile awards The golden steering wheel in Berlin


(Reuters) – Tesla’s upcoming quarterly report could put another $3 billion in Chief Executive Elon Musk’s pocket.

The electric car maker on Tuesday saw the six-month average of its stock market value hit $250 billion, a milestone toward triggering the fourth of 12 tranches of options to buy Tesla stock at a discount, granted to the billionaire in his 2018 pay package.

Musk’s compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals. To secure Musk’s fourth tranche, Tesla still must hit a goal related to revenue or profitability, and that could happen in the company’s third-quarter report, the date of

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Oracle BrandVoice: COVID-19 Has Made Quarterly Cloud App Innovation More Important: 4 Examples

One of the best things about using cloud-based applications is that, every few months, your apps get better. App users get new features on the fly, with no fuss.

Never has that innovation engine been more important than since COVID-19 hit.

“COVID-19 has taken a number of areas that were nice-to-have or maybe thought of as things we should do and made them must-haves,” said Steve Miranda, executive vice president of Oracle Fusion applications development, kicking off a September 29 Oracle Live online event.

It used to be nice for salespeople to have the option to hold a Zoom call with potential customers, for example. Now Zoom meetings are the main way some companies keep revenue flowing. That’s why Oracle

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