ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets

ARM posts healthy Q3 profits up 22 percent thanks to smart TVs and other new markets

British chip designer ARM has just revealed its accounts for Q3 2012 and they show a familiar pattern: namely, a double-digit rise in both revenue (up 20 percent to £144.6 million, or around $230 million) and pre-tax earnings (up 22 percent to £68.1 million). According to Reuters, the company is attributing its latest bout of success to making “further inroads” into growing markets like smart TVs and microcontrollers. Of course, all of this is stands in stark contrast to the traditional x86 PC world, where giants like Intel and AMD have been struggling with weak demand.

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ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets originally appeared on Engadget on Tue, 23 Oct 2012 03:00:00 EDT. Please see our terms for use of feeds.

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Acer see sales decline in Q3 2012 as customers hold out for Windows 8

Acer has reported a net profit of NT$68 million ($2.3 million) for Q3 of this year, ducking far below many estimates for the Taipei computer maker. According to Reuters, the company isn’t offering up any reasons why profits disappointed just yet, and it plans to hold a briefing on Thursday to add more detail on the figures and its outlook. The reported results, currently unavailable direct from Acer, note that consolidated revenue in the third quarter was down 5.6 percent since Q2, although its after-tax profit has improved since then. It’s a difficult time to be a PC maker.

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Acer see sales decline in Q3 2012 as customers hold out for Windows 8 originally appeared on Engadget on Mon, 22 Oct 2012 08:22:00 EDT. Please see our terms for use of feeds.

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Microsoft Q1 earnings report swings Windows 8 in like a lamb

With the dawn of Windows 8 coming in this next quarter, it’s time for Microsoft to brace itself for a big change – or what they hope will be a big change after a rather modest financial report here in their Q1 report for 2012. This report has them coming in at $16.01 billion in revenue, which is good, with $5.31 billion in profit, which is certainly OK, but not spectacular for the beast of a company. This update has them coming up over their Q4 report just one quarter ago, but compared to last year at this time, the big M isn’t doing nearly so well.

Last year in this quarter, Microsoft reported a $7.2 billion dollar profit. That’s nearly $2 billion more than what they’ve reported here, and certainly has something to do with the same situation that basically every hardware company has reported this year thus far – low PC sales. It’s time for the next page though, Microsoft must hope, with Windows 8 coming out in just about a week from now.

This update has Microsoft setting aside a lovely $1.36 billion in revenue for Windows and Office upgrades, and the real wave must be coming. Once we’re another quarter in, it’ll be the real test – with the release of Windows 8 and Window Phone 8 could come either a brand new high point for the company or a rather unprecedented low. We’re guessing the former, especially considering the pre-sale sell-out status of the Surface tablets the company is placing so much faith in here before their big launch.

Have a peek at the timeline below for some additional insight in to Windows 8 and the next generation that’ll be popping up by the end of the month. Are you ready for Microsoft to open a new page for the PC world? We certainly hope so.


Microsoft Q1 earnings report swings Windows 8 in like a lamb is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


AMD reports $1.27 billion in revenue for Q3 2012

STUB AMD reports $ in revenue for Q3

While AMD wrestled to get back on the good foot last quarter, the Sunnyvale chip maker continued to struggle for the third three month financial period of 2012. While reporting $1.27 billion in revenue, the company still saw a ten percent sequential decrease and a 25 percent decrease year-over-year. The hurt not ending there, AMD’s graphics division saw a revenue decrease of seven percent sequentially and 15 percent year-over-year. “The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD,” said Rory Read, AMD president and CEO. Such words mirror that of longtime rival Intel, which also continues to struggle with a very unfriendly PC market. In an effort to rebound, AMD announced a restructuring plan to reduce operating expenses that will hopefully give the company more leeway to develop and produce new products and strategies.

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AMD reports $1.27 billion in revenue for Q3 2012 originally appeared on Engadget on Thu, 18 Oct 2012 16:55:00 EDT. Please see our terms for use of feeds.

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Microsoft announces Q1 earnings with $5.31 billion in profit, braces for Windows 8 surge

Steve Ballmer at Microsoft Surface event

It’s Microsoft’s turn at quiet-before-the-storm quarterly results, and that’s evident in the fiscal first quarter earnings it just dropped on our laps. The Redmond team is reporting $16.01 billion in revenue, but a more modest than usual $5.31 billion in profit over the summer — while it’s healthier than the Q4 loss stemming from the aQuantive write-off, it’s not as impressive as the $7.2 billion profit from a year ago. While a tough PC market is partly to blame, it’s equally hard to say that Microsoft couldn’t have done better. There’s a real chance that some of its customers have been holding back on purchases in anticipation of the Windows 8 and Windows Phone 8 launches; it’s already setting aside $1.36 billion in revenue for Windows and Office upgrades. The company is unquestionably preparing itself for a giant spike in demand once at least Windows 8 rolls around later this month, so we’d say that the real litmus test will be the results we get after the holidays.

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Microsoft announces Q1 earnings with $5.31 billion in profit, braces for Windows 8 surge originally appeared on Engadget on Thu, 18 Oct 2012 16:06:00 EDT. Please see our terms for use of feeds.

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Google Q3 2012 earnings outed early in massive printing blunder

In what very well may be the worst move Google’s printing company PR Donnelley has ever made, they’ve filed the company’s draft 8K earnings statement without authorization – because of this situation, Google’s stock fell several points and they were forced to end trading for the day to avoid catastrophe. Releasing an earnings report, even a favorable one, is never something a company wants to do during the middle of a day in which stocks are able to be traded. Google’s PR company here doing such a thing means that they’re in for a world of hurt, to put it lightly.

Google’s earnings report for Q3 ended up showing a third-quarter profit of $2.18 billion, this down from $2.73 billion one year ago. That’s $6.53 a share down from $8.33 a share one year ago – profit fell from $9.72 a share down to $9.03 a share exluding all stock-based compensation and other items. Revenue improved, on the other hand, to $11.33 billion. Total costs had a lot to do with this situation as they jumped 71% according to Google.

The folks at Google released a statement on the situation that makes it clear that they never intended for their earnings to be released before the end of the trading day. It should be clear that the $10.65 analysts polled by Thomson Reuters were expecting compared to Google’s Q3 earnings of $9.03 were not going to be great to hear in any case, but that a release like this was not intended.

“Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document. Once it’s finalized we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30 PM PT.” – Google

This earnings report also noted that Motorola’s MSI -0.39% had a negative effect on Googles profit, with Google having an adjusted operating loss of $151 million, or 6% of the unit’s revenue for the quarter. Earnings for Google’s overall business compared to a year ago fell 20% while ad revenue increased 16% – paid ad clicks jumped by one third year-over-year and by 6% compared to Q2.

[via Wall Street Journal]


Google Q3 2012 earnings outed early in massive printing blunder is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


Google’s Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income

Google's Q3 2012 earnings $1410 billion in revenue, $274 billion in operating income

In an apparent error, Google’s Q3 2012 earnings have gone live smack dab in the middle of the trading day, instead of after the closing bell as expected. Early indications are that the search giant has notched third quarter revenues of $14.10 billion, representing a 45 percent uptick compared to Q3 2011. GAAP operating income in the third quarter of 2012 was $2.74 billion, or 19 percent of revenues, and that would explain the near 10 percent slide in the company’s stock price. A year ago Google nailed down $3.06 billion, or 31 percent of revenues, when looking at operating profit; investors were expecting some $10.65 per share, while they got just $9.03 per share. When looking at net income, Q3 2012 saw that figure at $2.18 billion, whereas the company raked in $2.73 billion in the same quarter a year ago. Presently, trading has been halted on the company’s stock as the dust settles, but one thing is exceptionally clear: pulling in billions in a single quarter won’t go over well with Wall Street if its expectations see you pulling in even more.

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Google’s Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income originally appeared on Engadget on Thu, 18 Oct 2012 12:57:00 EDT. Please see our terms for use of feeds.

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Verizon reports Q3 wireless service revenues up 7.5 percent, LTE now available to 250 million people

Verizon reports Q3 wireless revenues up 75 percent, LTE service now available to 250 million people

The folks at Verizon are revelling in their third consecutive quarter of double-digit growth, having reported a 14.3 percent overall increase in earnings per share year-over-year. Wireless service revenues — not least from us smartphone users — contributed heavily to that income, growing 7.5 percent compared to the same quarter in 2011 off the back of a “record high” profit margin. The operator attributes these gains to its “4G LTE network advantage,” with its LTE service now available to 250 million customers and potential customers across the US, as well as to its “well-received Share Everything Plans and unmatched product portfolio.” It added 1.5 million postpaid connections, bringing its total wireless membership to just shy of 96 million souls.

Continue reading Verizon reports Q3 wireless service revenues up 7.5 percent, LTE now available to 250 million people

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Verizon reports Q3 wireless service revenues up 7.5 percent, LTE now available to 250 million people originally appeared on Engadget on Thu, 18 Oct 2012 04:20:00 EDT. Please see our terms for use of feeds.

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Intel reports Q3 earnings, revenue holds steady at $13.5 billion

STUB Intel Reports Q3 earnings

Hot off the heels of a slightly disappointing Q2, mega chip-maker Intel’s Q3 results are in. Good old Chipzilla managed to wrangle $13.5 billion in revenues with a net profit of $3 billion. While Intel’s latest figures reflect a profit of about 5.1 percent sequentially, the company is still taking a dip year over year of around 19 percent. “Our third-quarter results reflected a continuing tough economic environment,” said Paul Otellini, Intel’s CEO. Happy to take progress in any form during a trying economy, the company’s fourth quarter strategy will highly focus on the success of ultrabooks, phones and Intel-powered tablets. While its recent gains may be somewhat slim, last we checked, a win is a win.

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Intel reports Q3 earnings, revenue holds steady at $13.5 billion originally appeared on Engadget on Tue, 16 Oct 2012 16:29:00 EDT. Please see our terms for use of feeds.

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HTC announces Q3 2012 financials, net profit down again to $137 million

HTC announces 3Q 2012 financials, net profit down again

HTC has released its third quarter financials, with the same trend continuing from the last quarter: lower net revenue. The company said it gained NT$70.2 billion in revenue ($2.4 billion), with pre-tax net income at NT$4 billion ($137 million), a nearly 50 percent drop from the $250 million it learned last quarter. All that is a far cry from its salad days last year, and the company will have to hope that its new Windows Phone 8X launch along with a new flagship One X+ will reverse its fortunes.

[Image credit: Wikipedia]

Continue reading HTC announces Q3 2012 financials, net profit down again to $137 million

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HTC announces Q3 2012 financials, net profit down again to $137 million originally appeared on Engadget on Mon, 08 Oct 2012 04:29:00 EDT. Please see our terms for use of feeds.

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