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Qualcomm quarterly results fall, sees flat revenues, lower profit ahead

2018-04-25 23:07:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported revenues for its fiscal second quarter to March down 13 percent year-on-year to USD 5.26 billion, in line with its outlook. Compared to the previous quarter, revenues rose 5 percent. Net earnings dropped 52 percent to USD 363 million or USD 0.24 per share, hurt by restructuring charges of USD 310 million. The chipmaker said it was making good progress with its USD 1 billion cost-reduction target and meeting its growth targets for 2019. 

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Microsoft grows quarterly revenues 12% on demand for cloud software

2017-10-27 08:38:00| Telecompaper Headlines

(Telecompaper) Microsoft reported a strong set of a results for its fiscal first quarter to September. Revenue increased 12 percent year-on-year to USD 24.5 billion, operating profit rose 15 percent to USD 7.7 billion, and net profit was up 16 percent to USD 6.6 billion. 

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Qualcomm quarterly results top expectations, revenues up 13%

2016-11-02 23:02:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported better-than-expected results for its fiscal fourth quarter to September, driven by new licensing agreements in China and smartphone demand in other emerging markets. The chipmaker's revenues rose 13 percent year-on-year to USD 6.2 billion, at the top of its outlook for USD 5.4-6.2 billion, and EPS jumped 60 percent to USD 1.07, beating its guidance and supported by its share buyback programme. Operating cash flow increased 24 percent to USD 2.1 billion.

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Bharti Airtel quarterly revenues up 8%, EBITDA grows 16%

2016-07-28 13:01:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal first quarter to June up 8 percent year-on-year to INR 255.47 billion, led by strong demand for data services in its home market India. EBITDA increased 16 percent to INR 95.91 billion, and the margin rose to 37.5 percent from 34.8 a year ago, driven by improved profitability in both India and Africa. The company's net profit fell 31 percent year-on-year to INR 14.62 billion, hurt by charges for asset impairments and the new exchange rate regime in Nigeria. Capital expenditure increased 23 percent to INR 49.25 billion, and operating cash flow was up 10 percent to INR 46.66 billion.

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Microsoft quarterly revenues fall 10 percent

2016-01-29 08:29:00| Telecompaper Headlines

(Telecompaper) Microsoft reported a fall in revenues for its fiscal second quarter to December to USD 23.8 billion, down 10 percent from USD 26.5 billion a year earlier due to weaker sales of Windows and mobile phones. Operating profit fell to USD 6.0 billion from USD 7.8 billion, and net profit dropped to USD 5.0 billion from USD 5.9 billion a year ago. Adjusted EPS increased 11 percent year-on-year to USD 0.78. Microsoft's growth in the quarter was held back by the strong dollar. Excluding currency effects, revenues would have risen 3 percent and adjusted earnings 23 percent. While the weak PC market led to a 5 percent fall in Windows OEM revenue at constant exchange rates and revenue from mobile phones fell 49 percent, Surface revenues were up 29 percent, search ad revenue (ex TAC) rose 21 percent, server products and cloud services revenue grew 10 percent and Office 365 increased revenues nearly 70 percent. Xbox Live monthly active users also were up 30 percent year-over-year to a record 48 million. 

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