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Microsoft grows underlying earnings on expansion in cloud

2016-10-21 08:25:00| Telecompaper Headlines

(Telecompaper) Microsoft reported better-than-expected results for its fiscal first quarter to September, driven by continued strength in its cloud services business. Revenue was little changed year-on-year at USD 20.5 billion, but excluding Windows deferral revenues and currency effects, rose 5 percent. Operating profit fell 10 percent to USD 5.2 billion, and net profit dropped 4 percent to USD 4.7 billion, also impacted by currency effects. Excluding one-time effects, earnings rose 9 percent, or 13 percent at constant exchange rates, to USD 0.76 per share.

Tags: microsoft expansion underlying cloud

Sir Philip Green: Support grows among MPs to strip knighthood

2016-10-20 12:12:57| BBC News | Business | UK Edition

More than 115 MPs have now backed a parliamentary motion to strip Sir Philip Green of his knighthood.

Tags: support green philip strip

Tele2 Q3 grows revenues but profit hit by Dutch impairment

2016-10-20 10:00:00| Telecompaper Headlines

(Telecompaper) Tele2 reported third quarter revenues up slightly to SEK 6.961 billion from 6.791 billion the year before, driven by growth in Sweden, the Netherlands, Kazakhstan and the Baltics. Group mobile end-user service revenue lifted 6 percent, with record revenue in Sweden. Group EBITDA slid to SEK 1.562 billion from 1.599 billion, with the margin off to 22 percent from 24 percent, affected by costs associated with the commercial push in the Netherlands following the launch of LTE there. The net result went to a loss of SEK 2.266 billion from a gain of 397 million, hit by an impairment of goodwill in the Netherlands.

Tags: hit profit dutch revenues

Due Diligence Resources Being Strained as Volume of Real Estate Transactions Grows

2016-10-19 06:00:00| National Real Estate Investor

Michael Schwartz Although the use of leverage is much more modest today, there are similarities in today's market compared to the 2008 financial crisis. read more

Tags: real due resources estate