Tag Archives: Q22013

Intel posts Q2 2013 earnings: revenue of $12.8 billion, net profit of $2 billlion

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Intel just posted decidedly mixed results for the second quarter. While it largely matched its outlook from the first quarter with $12.8 billion in revenue and a healthy net profit of $2 billion, it also saw sharp year-over-year drops in revenue from some of its core divisions. The PC Client Group, which makes the brunt of Intel's processors, saw its revenue decline 7.5 percent; the Other Intel Architecture Group, which primarily handles mobile chips, faced a 15 percent drop. Intel hasn't explained the dip, although there are a pair of major factors at work. In addition to facing a very rough PC market, the company only launched its Haswell architecture late in the quarter -- there hasn't been much time for customers to buy the new chips. Intel says there's "strong acceptance" from early Haswell customers, however, and its outlook for the current quarter is slightly rosier as a result -- it expects to make the same $13.5 billion in revenue that we saw a year ago.

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Source: Intel

Yahoo announces Q2 2013 earnings: $1.13b revenue, $137 million income

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Yahoo announces Q2 earnings tktk

The closing bell has rung, and Yahoo has released its earnings for the second quarter of 2013. What's the final verdict? Compared year-to-year over the same quarter last year, it's mostly good news for the company: GAAP income is at $137 million (up 150 percent), while GAAP revenue comes in at $1.13 billion (down seven percent). GAAP net earnings came in at $331 million, which is a 46 percent increase from this time last year, while non-GAAP came out at $386 million, a six percent jump. Not bad, given the number of acquisitions the company made this quarter -- nine, to be precise, including Tumblr.

In terms of other highlights from the earnings report, search revenue fell by nine percent year-over-year, while display revenue went down 12 percent. Net earnings per share jumped up 68 percent to $0.30. Full press release is below the break for your perusal.

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Foxconn’s Q2 revenues hit $30 billion, up 0.6% year over year

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Foxconn's Q2 revenues up only 06% year on year

Hon Hai, better known in the west as the iPhone maker Foxconn, seems to be doing just fine after allegedly losing some orders from Apple to competitor Pegatron in September 2012. According to Bloomberg, the company's second quarter revenues hit $30 billion, up 0.6 percent from the same quarter a year ago. That's far better than the 19 percent drop it experienced during the first quarter. While there's no guidance as to Q3 figures, we've got to think that an iPhone 5S can help fill those coffers.

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Via: The Next Web

Source: Bloomberg

Gartner and IDC: PC shipments dropped about 11 percent in Q2

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IDC PC shipment estimates for Q2 2013, worldwide

If you were looking for a bounce-back in the PC market after a sobering first quarter... well, keep looking. Both Gartner and IDC estimate that shipments fell about 11 percent year-over-year in the second quarter. The two analyst groups blame the decline on sluggish uptake in a few regions, most notably China and Europe, as well as a market that favors tablets over low-end computers. It's easy to agree after seeing the numbers. Taiwanese PC makers like Acer and ASUS faced steep yearly declines as they switched their attention toward tablets and Ultrabooks, while even top-seated Lenovo took a small bruising.

There's a silver lining to this cloud, however. Dell, HP and Lenovo all fared much better in the US than they have in recent quarters. Gartner and IDC attribute the resurgence to the corporate world, where the end of Windows XP support in 2014 may be pushing some upgrades to PCs running at least Windows 7. It's not quite the broader recovery that vendors are hoping for, but it may have to suffice when any help from Windows 8.1 and OS X Mavericks is months away.

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Source: Gartner, IDC

HTC finances improve over last quarter, but show just $41.6 million profit in Q2 2013

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HTC picks up the pace with for Q2 with $125 billion in earnings

Though HTC has fallen shy of the $65 million in earnings investors were looking for in Q2 2013, at least it's a marked improvement over last quarter's disaster. It managed to improve profits to $41.6 million from a mere $2.8 million last quarter, based on unaudited figures. Likely reflecting demand for the flagship One and HTC's ability to finally produce that handset in significant numbers, revenue also jumped to $2.4 billion -- that's bad in the sense that it's a 20 percent drop relative to the same quarter last year, but it's slightly better than the 33 percent year-on-year revenue shortfall we witnessed last quarter. Overall, these figures still pale in comparison to HTC's historical performance and there's no immediate prospect of things getting better. According to Reuters, the most serious problems occurred towards the end of the quarter, as sales for June swooned 26.4 percent versus Q2 2012 -- a trend that puts a lot of pressure on the little shoulders of the HTC One Mini.

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Source: Reuters

Samsung’s estimated Q2 2013 profits top out at $8.33 billion

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Right on schedule, Samsung has released its earnings estimates for Q2 2013 ahead of its full announcement later this month. And, as you might expect, the company made a lot of money: a tidy profit of 9.5 trillion won, or $8.33 billion dollars, to be exact. Naturally, that record-setting number is due in no small part to the success of the Galaxy S 4 and a strong showing by its components division as well. Should the estimate prove perfectly accurate, Q2 2013 will have been a significant improvement over last quarter's $6.4 billion profit, and a massive $3 billion improvement over Q2 of 2012. Of course, we'll get to see its full slate of numbers come July 26th when the financials are officially revealed, but it's looking like Sammy's doing just fine.

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Source: Reuters, Yonhap News

Qualcomm Q2 2013 earnings: revenue up to $6.12 billion, profit reaches $2.07 billion

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Qualcomm making bank, yo

Qualcomm is having an easy time riding the growing wave of mobile devices. Case in point: its very healthy second quarter earnings. Revenue at the San Diego outfit climbed 24 percent year-over-year to $6.12 billion, while the chip designer's net profit grew a similarly brisk 17 percent, to $2.07 billion. The figures were respectively up a modest 2 percent and down 6 percent versus last quarter, but that's to be expected given the usual post-holiday lull. Qualcomm still shipped a more than ample 173 million units of its MSM chips, and it expects to return $431 million to shareholders for their trust. The company also has a rosy-cheeked vision of the future -- it expects its third quarter revenues and profits to climb by at least 25 percent and 14 percent each, even with shipments down to as little as 163 million. When Qualcomm is at the heart of the HTC One, many Galaxy S 4 models and the Optimus G Pro, there's a good chance the company is being realistic about its prospects.

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Source: Qualcomm

Apple posts $9.5 billion net profit in Q2 2013: sells 19.5 million iPads, 37.4 million iPhones

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Apple posts Q2 2013 Earnings

Apple has been on a roll for, well, almost as long as we can remember. Basically since the debut of the iMac, the company has been riding a rocketship back from the brink of irrelevance. The iPod, iPhone and iPad have all led it to post record quarter, after record quarter, after record quarter. Now we're in the second quarter of financial year 2013 and it doesn't appear to be slowing down much. The company posted $43.6 billion in revenue during the quarter and net itself a handsome profit of $9.5 billion. While those numbers do represent the slowest rate of growth Cupertino has seen in years, it's hardly the fall from grace that some analysts were predicting. Compared to the same time last year, revenues are up from $39.2 billion though net income has dropped from the Q2 2012 mark of $11.6 billion. Still, the company managed to move more iPhones and iPads than it did during that quarter, and the drop from Q1's holiday-boosted numbers isn't particularly alarming. In total it moved 19.5 million iPads and 37.4 million iPhones during the three months ending on March 30th, 2013. In Q1 those numbers were an admitedly more impressive 22.9 milion and 47.8 million, respectively. But, compared to Q2 of 2012, things are still looking up from the 35.1 million iPhones and 11.8 million iPads shipped.

Things are a little less rosy around its non-iOS departments, but we'd hardly say the company was in dire straights. Mac sales were more or less flat both sequentially and year-over-year, falling just under four million units. Meanwhile, the iPod continued its steady decline, moving only 5.6 million units. That's not only more than a 50 percent drop from last quarter, but a 27 percent drop from the same period last year. The biggest contributor to Apple's revenue stream continues to be the iPhone, but the iPad is gaining fast and income from iTunes and its other software offerings continues to grow at an impressive rate.

While the first year-over-year drop in profits in almost a decade might give some investors pause, there's little cause for concern for the future of the company. Cupertino's healthy war chest now sits at $145 billion in cash, up from the $121 billion and change it had at the end of Q4 2012. We'll be listening in to the conference call at 5 PM and we'll update with any juicy tidbits after the break.

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Source: Apple

Microsoft reports Q2 2013 earnings: posts record revenue of $21.5 billion, $6.38 billion profit (update)

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Microsoft reports Q2 2013 earnings posts record revenue of $215 billion, $638 billion profit

This isn't the end of earnings season, but this is the final member of the unholy trinity. Microsoft is reporting that during the second quarter of its 2013 financial year it set a revenue record by raking in $21.5 billion. Of that $6.38 billion was pure profit, lining shareholder's pockets to the tune of $0.76 per share. While EPS was down year-over-year, net income was up dramatically from $5.87 billion a year ago and $5.31 billion last quarter. The Windows division accounted for roughly $5.9 billion of Redmond's revenues, up 24 percent from a year ago, largely thanks to the release of Windows 8. That division is also home to the Surface, which still hasn't seemed to gain much traction with consumers. Interestingly, while Windows was surging, its business division was suffering a not inconsequential drop off -- seeing revenues fall 10 percent to $5.7 billion year-over-year. But the Server & Tools department also helped offset some of those declines, with revenue jumping up 9 percent to $5.19 billion.

In a sign that it might be time for a bit of a console refresh, the Entertainment and Devices division saw revenues continue to sink, despite the strong holiday sales. While the $3.77 billion in revenue was a stark increase over Q1's paltry $1.95 billion, it's still a 7 percent fall from the same time period last year. Thankfully, its Online Services continued to grow, reaching $869 million in revenue -- an 11 percent growth year-over-year, and a sign that it's various web services aren't sinking ships. Most notably ad revenue was up 15 percent thanks largely to an increase in revenue-per-search.

Revenue growth over Q2 2012 wasn't huge, but it was certainly notable and net income didn't drop dramatically. And, perhaps most importantly for investors, results were pretty much inline with Wall Street expectations. It's also worth noting that some revenue has been deferred, $1.3 billion to be exact, thanks to various upgrade offers and video game deals -- though, the company did report previously deferred revenues due to pre-sales of Windows 8. There's PR after the break but, if you want to dig through all the detailed tables of financial data you'll have to hit up the source link. And check back in for updates when the earnings call gets under way at 5:30PM ET.

Updates:

5:36PM CFO, Peter Klein says that 60 percent of computers worldwide are running Windows 7 while the company has managed to push out 60 million Windows 8 licenses.

5:40 Microsoft doesn't seem particularly worried about the declining PC market as Windows revenues outpaced sales of x86 machines by a significant margin.

5:45 Windows Phone sales were four times what they were last year.

5:53 Microsoft stands by its story that Surface is "just one part of the Windows 8 story." Though, it did say that it will "expand retail distribution and availability" so don't expect the in-house slate to go quietly into that good night.

Show full PR text

Microsoft Reports Record Revenue of $21.5 Billion in Second Quarter
Strong business demand and key product launches drive record revenue.

REDMOND, Wash. - Jan. 24, 2013 - Microsoft Corp. today announced quarterly revenue of $21.46 billion for the quarter ended December 31, 2012. Operating income, net income, and diluted earnings per share for the quarter were $7.77 billion, $6.38 billion, and $0.76 per share.

These financial results reflect the net deferral of revenue for the Windows Upgrade Offer, Office Upgrade Offer and Pre-sales, and the Entertainment and Devices Division Video Game Deferral, partially offset by the recognition of previously deferred revenue for Windows 8 Pre-sales. The following table reconciles these financial results reported in accordance with generally accepted accounting principles (GAAP) to non-GAAP financial results. We have provided this non-GAAP financial information to aid investors in better understanding the company's performance.

"Our big, bold ambition to reimagine Windows as well as launch Surface and Windows Phone 8 has sparked growing enthusiasm with our customers and unprecedented opportunity and creativity with our partners and developers," said Steve Ballmer, chief executive officer at Microsoft. "With new Windows devices, including Surface Pro, and the new Office on the horizon, we'll continue to drive excitement for the Windows ecosystem and deliver our software through devices and services people love and businesses need."

The Windows Division posted revenue of $5.88 billion, a 24% increase from the prior year period. Adjusting for the net deferral of revenue for the Windows Upgrade Offer and the recognition of the previously deferred revenue from Windows 8 Pre-sales, Windows Division non-GAAP revenue increased 11% for the second quarter. Microsoft has sold over 60 million Windows 8 licenses to date.

"We saw strong growth in our enterprise business driven by multi-year commitments to the Microsoft platform, which positions us well for long-term growth," said Peter Klein, chief financial officer at Microsoft. "Multi-year licensing revenue grew double-digits across Windows, Server & Tools, and the Microsoft Business Division."

The Server & Tools business reported $5.19 billion of revenue, a 9% increase from the prior year period, driven by double-digit percentage revenue growth in SQL Server and System Center.

"We see strong momentum in our enterprise business. With the launch of SQL Server 2012 and Windows Server 2012, we continue to see healthy growth in our data platform and infrastructure businesses and win share from our competitors," said Kevin Turner, chief operating officer at Microsoft. "With the coming launch of the new Office, we will provide a cloud-enabled suite of products that will deliver unparalleled productivity and flexibility."

The Microsoft Business Division posted $5.69 billion of revenue, a 10% decrease from the prior year period. Adjusting for the impact of the Office Upgrade Offer and Pre-sales, Microsoft Business Division non-GAAP revenue increased 3% for the second quarter. Revenue from Microsoft's productivity server offerings - collectively including Lync, SharePoint, and Exchange - continued double-digit percentage growth.

The Online Services Division reported revenue of $869 million, an 11% increase from the prior year period. Online advertising revenue grew 15% driven by an increase in revenue per search.

The Entertainment and Devices Division posted revenue of $3.77 billion, a decrease of 11% from the prior year period. Adjusting for the Video Game Deferral, the division's non-GAAP revenue decreased 2% for the second quarter. Xbox continues to be the top-selling console in the United States. During the quarter, Microsoft launched Windows Phone 8 with a broad array of carriers and devices.

Business Outlook

Microsoft reaffirms fiscal year 2013 operating expense guidance of $30.3 billion to $30.9 billion.

Webcast Details

Peter Klein, chief financial officer, Frank Brod, chief accounting officer, and Chris Suh, general manager of Investor Relations, will host a conference call and webcast at 2:30 p.m. PST (5:30 p.m. EST) today to discuss details of the company's performance for the quarter and certain forward-looking information. The session may be accessed at http://www.microsoft.com/investor. The webcast will be available for replay through the close of business on Jan. 24, 2014.

Adjusted Financial Results and Non-GAAP Measures

For second quarter fiscal year 2013 GAAP revenue, operating income, and earnings per share growth included the net deferral of revenue for the Windows Upgrade Offer, the Office Upgrade Offer and Pre-sales, and the Entertainment and Devices Division Video Game Deferral, and the recognition of previously deferred revenue for Windows 8 Pre-sales. These items are defined in our Form 10-Q for the quarterly period ended December 31, 2012. In addition to these financial results reported in accordance with generally accepted accounting principles (GAAP), we have provided certain non-GAAP financial information to aid investors in better understanding the company's performance. Presenting these measures without the impact of these items gives additional insight into operational performance and helps clarify trends affecting the company's business. For comparability of reporting, management considers this information in conjunction with GAAP amounts in evaluating business performance. These non-GAAP financial measures should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

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Source: Microsoft

Barnes & Noble reports Q2 2013 earnings: digital content sales up 38%, Nook unit rakes $160 million

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Barnes & Noble reports Q2 2013 earnings digital content sales up 38%, Nook unit rakes $160 million

Barnes & Noble's Nook unit didn't have its greatest quarter. The $160 million in revenue the new Microsoft-backed spin off raked in was slightly better than last year's $152 million, but still a significant drop from $220 million. In a sign of the growing ubiquity of e-readers however, digital content sales were up 38 percent while the units overall revenue was up just 6 percent. Of course the Nook is still losing money, having cut $51 million from the company's bottom line. If you step outside of the digital realm things are looking slightly better for the book purveyor, as profits were up to $65 million -- a 15.6 percent increase over the same time period last year. As we enter the holiday season things should start to look up for B&N and there were good signs during the four day shop-stravaganza from Black Friday to Cyber Monday as sales of Nook hardware doubled from last year. For all the fun financial details hit up the source.

Continue reading Barnes & Noble reports Q2 2013 earnings: digital content sales up 38%, Nook unit rakes $160 million

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Via: TechCrunch

Source: Barnes & Noble