Hasta La Gadget!

Microsoft has just reported its fiscal Q3 2013 quarterly earnings, and things are looking adequate for the company, which reports a revenue of $20.5 billion for the quarter, with a net income of $6.06 billion. The company also posted an operating income of $7.61 billion, which is up from $6.37 billion during this time last year.

Analysts had predicted Microsoft’s revenue to be $20.5 billion, and they were right on the money. The company’s revenue last quarter was $21.46 billion, so they didn’t do as well this quarter, but a positive income in the black is always a good thing. Microsoft’s Windows division did fairly well this quarter, bringing in $5.7 billion, compared to last year’s $4.3 billion.

The company’s Business division raked in $6.32 billion, while they’re Entertainment division brought in $2.53 billion. All three of these divisions saw a revenue increase compared to this time last year. CEO Steve Ballmer says that the company’s big bets were on “cloud services,” and he says those bets are paying off big time.

Overall, year-over-year changes were all in the positives, with Microsoft’s Entertainment division seeing the biggest increase of 56%. Along with today’s quarterly earnings, Microsoft announced that Peter Klein, who served as the company’s CFO for four years, is stepping down from the role. He spent 11 years at Microsoft.

Microsoft posts $20.5 billion revenue in Q3 2013 earnings is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Microsoft’s fiscal third quarter earnings (the calendar’s first) can reflect the post-holiday lull, and there’s a certain truth to that for Q3 2013: the company is reporting $20.49 billion in revenue, lower than what it saw during the holidays, and an equally soft $6.06 billion in profit that dipped below both the previous quarter and the same period last year. That said, any potential slowdown in PC sales isn’t clearly manifested here. Possibly owing to the afterglow of the Windows 8 launch, the Windows Division’s revenue of $5.7 billion is a sharp increase from the $4.62 billion of a year ago, and it’s dampened mostly by having to defer $1.09 billion of that revenue for those who took advantage of Windows 8 upgrade deals. The company also posted healthy year-over-year revenue gains for its Entertainment and Devices Division (to $2.53 billion) and Online Services Division (to $832 million), although the Business group saw a relatively modest 8-point jump to $6.32 billion despite the launches of Office 2013 and Office 365.

As part of the results, CFO Peter Klein has given advance notice that he’s leaving Microsoft at the end of the company’s fiscal year, which ends in June. Neither the company nor Klein has explained the departure, but it’s characterized as a friendly one, rather than the abrupt exit we saw the last time around.

Filed under: Desktops, Laptops, Software, Microsoft

Comments

Source: Microsoft

It seems that Nokia has returned to the land of unprofitability this past quarter, as the company as posted a loss of €150 million ($196 million), with a total revenue for the quarter reaching €5.85 billion ($7.65 billion), which is down from €7.35 billion ($9.6 billion) during the same time last year.

However, despite the losses, Nokia Lumia sales have hit a record high of 5.6 million in Q1 2013. This is up from 4.4 million during the previous quarter. In the same quarter last year, Nokia only sold two million Lumia smartphones, so that’s less than double of what they’re selling now. Since shipping their first Windows Phone device in November 2011, Nokia has just under 20 million Lumias.

While Nokia’s financial state certainly wasn’t ideal this quarter, it’s definitely better than what it was last year during this time, where the company experienced an operating loss of €1.34 billion ($1.75 billion), so the company is certainly succeeding at digging themselves out of a deep hole, even with less revenue coming in this quarter.

However, Nokia isn’t doing so well in North America. The company only shipped 400,000 devices during Q1 2013, which down 33% from the same time last year where they shipped 700,000 handsets. All in all, Nokia says that Lumia sales increased in all regions of the world in Q1 2013 except North America.

Nokia reports $196 million loss in Q1 2013 earnings is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Nokia may have seen an operating loss in Q1 2013, but the news isn’t all bad. The company saw revenue of $7.7 billion and managed to sell 5.6 million Lumias, which equates to a 30 percent increase in handset sales over last quarter. As for earnings, Nokia put a shiny buff on them by trumpeting a net profit of $236 million using the non-IFRS accounting method. By stricter IFRS rules, it actually lost $150 million, but that still compares favorably to the vast billion dollar losses it made in the same quarter of 2012.

Of the Finnish outfit’s handset sales, North America accounted for a mere 400,000 out of the 61.9 million sold compared to the 700,000 it sold last quarter, making it the only region that saw a decline during the period. Other regions, like China, saw a large bump in smartphone revenues, largely due to the popularity of pricey handsets like the Lumia 920. CEO Stephen Elop said the company’s bullish on Lumia sales, considering the (rumored) Lumia 928 coming to Verizon, along with the recently launched Lumia 520, 620 and 720. He said that sales of other devices were a dark spot, however — so the company’s likely hoping all the new WP8 devices will offset those lost sales next quarter.

Filed under: Cellphones, Mobile, Nokia

Comments

Source: Nokia

Intel just reported a quarterly net income of $2 billion, with $12.6 billion in revenue for a total earnings of 40 cents per share. Net income is down 17 percent compared to Q4 2012, when the company reported $2.5 billion in profit. Revenue is also down by seven percent compared to the previous quarter’s $13.5 billion. President and CEO Paul Otellini, who is stepping down in May, references the upcoming 14nm transition, saying that the technology will “will significantly increase the value provided by Intel architecture and process technology for our customers and in the marketplace.” The earnings call is set to happen soon; we’ll report back with any additional news — on the CEO front or otherwise.

Filed under: Desktops, Intel

Comments

Source: Intel Newsroom