Hasta La Gadget!

Dell has posted its 2013 financial results for both Q4 as well as the full fiscal year. In the fourth quarter, Dell’s revenue totaled $14.3 billion, which is an 11% decrease from 2012. Its revenue for the entire year was $56.9 billion, an 8% decrease from last year. Revenue from Dell’s enterprise solutions and services grew 6% in Q4 to $5.2 billion. The revenue for the full year totaled 34%, or $19.4 billion, of Dell’s total revenue. This was a 4% increase from fiscal year 2012.

GAAP earnings were $0.30 per share for Q4, and $1.35 per share for the whole year. The GAAP earnings were down 30% from Q4 2012, and down 28% for the fiscal year. Its non-GAAP earnings totaled $0.40 a share in the quarter, and $1.72 per share for the full year. The non-GAAP earnings were down 22% from Q4 2012, and 19% for the fiscal year. Dell’s GAAP operating income was $698 million, 4.9% of Dell’s revenue, and its operating income for the entire year was $3 billion. The non-GAAP operating income was $954 million, 6.7% of Dell’s revenue. The non-GAAP operating income for the year was $4 billion.

Dell ended Q4 with $15.3 billion in cash and investments, with $3.3 billion for the entire year. Dell’s server revenue increased 5%, and it’s networking products and solutions saw a 42% revenue increase. Dell’s Quest software brought in revenue that went well over Dell’s expected $180-$200 million mark for the quarter. Unfortunately, Dell’s desktop and mobile sector revenue decreased 20% in the quarter.

Dell wasn’t able to provide an outlook for Q1 2014 or for the full fiscal year due to its pending merger agreement to make the company private. The company will be buying back its stock for $24 billion, with a $2 billion loan from Microsoft. While Dell’s consumer revenue fell 24% in Q4 to $2.8 billion, and its operating income saw an 87% decrease to $8 million, Dell’s financial results are much higher than they had expected.

[via Business Wire]

Dell posts its financial results for Q4 and full fiscal year is written by Brian Sin & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

AOL reported its Q4 2012 quarterly earnings yesterday, and they revealed that the dial-up business is still alive and well, sadly. The company reported that during the quarter, they made $174.2 million for “subscription” services. This accounts for a whopping 29% of AOL’s total revenue for Q4 2012. If you ask us, that’s quite a huge chunk for services that should be obsolete by now.

Of course, revenue from subscribers is down 10% from the same time last year, in which AOL was raking in almost $200 million from dial-up customers, but their revenue saw a 4% growth from last year as well, proving that the company is slowly starting to see its dial-up business cut back a bit, and is earning more revenue elsewhere.

Then again, we shouldn’t be too surprised. While broadband internet is now the norm, there are sadly still some people who don’t have access to it, namely those who live rural areas. Of course, they could get satellite internet, but it’s really expensive for the speeds you get, and most people just end up going with dial-up for the time being.

AOL ended the year with a total revenue of $2.2 billion, and an operating income of $1.2 billion ($68.2 million for the quarter). As far as net income, the company scored $35.7 million for the quarter, and $1.05 billion for the fiscal year. It’s a little scary to hear that AOL’s revenue depended on subscriptions for 29% of it, but advertising made up a whopping 68% of their revenue, so they probably don’t have anything to worry about.

AOL dial-up business brings in $174 million in Q4 is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Take-Two has delivered its fiscal Q3 2013 report this evening, and the results are looking pretty good across the board. The company reports a net revenue of $415.8 million for the quarter, which is up a significant amount from the $236.3 million it made in its fiscal Q3 2012. Net profit also took a massive jump year-over-year, going from $14.2 million in Q3 2013 all the way up to $70.9 million.

That puts earnings-per-share at at $0.66, up $0.50 from the year-ago quarter. All in all, Q3 2013 was a pretty good one for the company, and it was good enough that Take-Two is now increasing the low-end of its projections for fiscal year 2013. The company expects non-GAAP net revenue to land somewhere between and $235 and $285 million in Q4, while it’s projecting net revenue of $1.15 to $1.20 billion for fiscal year 2013 as a whole.

Take-Two performed well on the digital front, as digital revenue grew 244% year-over-year. Borderlands and its DLC was given the nod for the increase in digital revenue, as were XCOM: Enemy Unknown, the Grand Theft Auto franchise, and NBA 2K13. In the end, digital revenue accounted for 23% of Take-Two’s total non-GAAP revenue, which certainly isn’t anything to stick your nose up at.

The company has a big fiscal Q4 2013 coming up, thanks to the launch of BioShock Infinite next month. Following the end of the fiscal year, Take-Two and Rockstar will be launching Grand Theft Auto V on September 17, while the XCOM reboot that had fans up in arms will be arriving sometime during fiscal year 2014. Stay tuned.

[via Take-Two]

Take-Two ends Q3 2013 with net profit of $70.9 million is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Like a number of other companies, Electronic Arts is delivering quarterly financial results today. The report we’re seeing shows the results for EA’s fiscal Q3 2013, and things could be a bit better for the company. The company is reporting a non-GAAP revenue of $1.18 billion, which came in below the company’s guidance of $1.25 billion to $1.35 billion and was down from the year-ago quarter’s revenue of $1.65 billion.

The company posted a non-GAAP net income of $176 million, while non-GAAP diluted earnings-per-share actually fell in line with guidance, coming in at $0.57. While that’s decent, the GAAP numbers tell a different story. The company posted a GAAP revenue of $922 million but a net loss of $45 million, which results in a diluted loss-per-share of $0.15. That doesn’t sound great, but one good point about these losses is that they’re actually smaller year-over-year, and by a significant amount too.

It seems that the losses this quarter can at least partially be blamed on Medal of Honor: Warfighter. Launching to middling critical reception, Warfighter‘s sales were lower than expected, and Joystiq has confirmed that EA will be taking the series “out of rotation,” meaning that it isn’t going to be making any new Medal of Honor games for a while. Also remember that we seem to be closing in on the end of the current console generation, which is usually a time when players don’t buy as many new games in anticipation of upcoming consoles – something that probably affected EA’s sales too.

However, it wasn’t all doom and gloom about EA’s franchises, as the company also says that Dead Space 3 and Crysis 3 pre-orders are outpacing those of their predecessors. Battlefield 3 Premium also earned some recognition in EA’s report, pulling in $108 million over the course of the quarter. FIFA 13 sold a whopping 12 million copies during the quarter as well, with digital revenue from the game topping $100 million for the period. So, while there were some things about the report that weren’t so great, EA’s biggest franchises are definitely in good shape.

[via EA; via Wall Street Journal]

Electronic Arts Q3 2013 report sees revenue on the decline is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

This week the folks at Qualcomm have revealed earnings for their fiscal Q1 of 2013, offering rather positive news for shareholders: a better outlook for the rest of the year than previously expected. With announcements of the new Snapdragon 800 and 600 series processors earlier this month, Qualcomm has revealed that they’re now in a position that’s ripe for growth throughout the upcoming year: “We are pleased to be raising our revenue and earnings guidance for fiscal 2013.”

Qualcomm’s fiscal Q1 for 2013 included the months leading up to December 30, 2012, and included a fabulous $6.02 billion in revenue for the group, this representing a 29% boost compared to the same quarter one year ago. This is also a 24% upward trend compared to the company’s Q4 of 2012, that being the quarter that went directly before the one being reported today. Operating income for Q1 2013 went up 35% year-over-year to $2.09 billion USD while Net income came to $1.91 billion, that being 36% more than it was last year at this same time.

The operating cash flow reported by Qualcomm for this quarter was a mighty $1.98 billion USD, this equaling out to be 33 percent of revenues and a boost of 11% year-over-year. As far as Qualcomm’s “key business metrics” for the quarter go, MSM chip shipments were reported to have reached 182 million units, this representing a 17 percent growth in shipments compared to this same quarter one year ago. Total device sales for this quarter ended up being an amazing $53.3 billion USD total, that being 29% higher than it was one year ago.

This quarter also showed an estimated 233 to 237 million 3G/4G device shipments, each of these between the prices of $224 and $230 on average – that’s massive. Qualcomm has reported their cash, cash equivalents, and marketable securities to have totaled $28.4 billion USD at the end of the quarter being reported here, this compared to $22 billion on year ago. Have a peek at the timeline below to see other recent Qualcomm accomplishments and big announcements to see where the company is headed in 2013 – up and up!

[via Qualcomm]

Qualcomm Q1 2013 earnings shows surprise boost in future fiscal season is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.