( ) -q-24- UNDATED (Correspondent Jeremy House) “and AI applications.” Japanese technology conglomerate SoftBank Group swung back to profitability in the July-to-September quarter, boosted by its Vision Fund investments. [CutID: <Cuts> SOFTBANK-PROFIT-house-q-TUEam.mp3 Time: 24s Title: SOFTBANK-PROFIT-house-q-TUEam Out-cue: and AI applications] TAG: Correspondent Jeremy House reporting. The quarterly performance was also helped by the absence of […]
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Japan’s SoftBank returns to profit
( ) -q-24- UNDATED (Correspondent Jeremy House) “and AI applications.”
Japanese technology conglomerate SoftBank Group swung back to profitability in the July-to-September quarter, boosted by its Vision Fund investments.
[CutID: <Cuts> SOFTBANK-PROFIT-house-q-TUEam.mp3
Time: 24s
Title: SOFTBANK-PROFIT-house-q-TUEam
Out-cue: and AI applications]
TAG: Correspondent Jeremy House reporting. The quarterly performance was also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous year.
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VERBATIM: The Tokyo-based company reported fiscal second-quarter profit of nearly 7.7 billion dollars. SoftBank credited income as coming from royalties and licensing related to its holdings in Arm, a computer chip-designing company. Its business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.