Items tagged with earnings
Ubisoft has not had the year it hoped for, and gamers are about to suffer dearly for it. Today Ubisoft issued updates for its financial targets and game release schedule for fiscal 2019-2020. As a result of it dreadful financial performance, Ubisoft is delaying some highly anticipated games. Gods & Monsters, Rainbow Six Quarantine, and Watch Dogs Legion will all be delayed until the 2020 to 2021 timeframe. Ubisoft says that it wants to "ensure that their respective innovations are perfectly implemented so as to deliver optimal experiences for players." Ubisoft has downgraded its financial targets for fiscal 2019-2020 significantly, expecting net bookings of approximately €1,450...
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Google parent company Alphabet has posted its most recent quarterly earnings, and things are looking good for the company. Alphabet reported revenue of $38.9 billion, growth of 19% year-over-year. Profits for the company reached $9.9 billion, up 201% compared to last year when Google was hit with the massive $5 billion fine in the EU for antitrust violations. If you exclude that massive EU fine, profits were still up 13%. Google doesn't get particularly granular with its reports. It's "other services" segment where products like the Play Store and its hardware division reside grew significantly. Revenue in that segment was up 40% to $6.2 billion. Google has admitted that it was having a hard...
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Few people go out at the top of their game, but it appears that is exactly what Ming-Chi Kuo, KGI Securities analyst for all things Apple, is doing. Kuo has long had the most accurate Apple predictions that are based on sources that he has been able to procure in the Apple supply chain. Kuo is moving on from his post at KGI for another firm, and word is that Kuo will be covering non-Apple companies. So, what gives? We know for iron-clad fact that Apple has been on a witch hunt in all aspects of the company and supply chain to find and silence leakers. Speculation is that Kuo's sources may have been found and the leaks plugged. Without sources, the analyst would no longer be able to hand...
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Gamers, for the most part, aren’t big fans of microtransactions in games. However, modern games are festooned with microtransaction for things you can buy in the game to upgrade characters and weapons all to make the game easier to defeat and to make progression faster. Whatever your feelings about microtransactions, they are here to stay because they are huge money makers for game developers. Activision Blizzard made a killing off microtransactions last year to the tune of $4 billion in revenue. That number came from a recently published earnings report that shows money made from "in-game net bookings" (including DLC sales, loot boxes, and in-app purchases for mobile games) reached...
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Hot on the heels of its latest financial reports, which showed the company beating estimates for both earnings and revenue, but offering weaker than expected guidance for Q2, Intel has announced a significant workforce reduction that will result in approximately 12,000 job cuts over the next year.The restructuring initiative was outlined in an e-mail from Intel CEO Brian Krzanich. In the email, Krzanich states, “Our results over the last year demonstrate a strategy that is working and a solid foundation for growth. The opportunity now is to accelerate this momentum and build on our strengths.” Krzanich is speaking of Intel’s plan to shift focus from standalone, client PCs, to growth markets like...
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Analysts have been predicting gloom and doom for Apple for the past few months, as you can see from its stock price which has dipped below $100 again after reaching highs in the $130s early in 2015. To be sure, there is definite cause for concern, but Apple still posted its highest profit ever during fiscal Q1 2016, $18.4 billion, which was slightly up from $18 billion during the same period a year ago. Overall revenue for the quarter came me in $75.9 billion (up from $74.6 billion) while gross margins were also up slightly, growing from 39.9 percent during the same period last year to 40.1 percent this year. International sales were a primary driver for Apple, as it has been in recent years,...
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All we seem to hear about these days is how the PC market is off its mark, but rather than pout and pound sand over the situation, Intel appears to have flexed a bit of manufacturing and technology muscle to help weather the storm. Not only that, Intel surpassed analysts' expectations today by reporting second-quarter earnings of 55 cents per share on revenue of $13.2 billion. By quarter's end, Intel pocketed a profit of $2.7 billion, posting gains in their IOT (Internet of Things) and Data Center businesses. "Second-quarter results demonstrate the transformation of our business as growth in data center, memory and IoT accounted for more than 70 percent of our operating profit and helped offset...
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Coming off a record performance for fiscal Q1, Apple once again knocked it out of the park with its fiscal Q1 numbers. Revenue for the quarter came in $58 billion, while net profit was a hefty $13.6 billion. This compares to revenue of $45.6 billion and net profit of $10.2 billion for the same period one year ago. Gross margin for the quarter came in at 40.8 percent and international sales accounted for 69 percent of Apple’s revenue for the quarter. Not surprisingly, and as we alluded to earlier this morning, China was hugely important to Apple’s bottom line during fiscal Q2. Revenue from China increased a whopping 71 percent year-over-year. When it comes to hardware, Apple sold 61.17 million...
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AMD has released its annual earnings report, and the news for the chipmaker is mixed but looking up. For the year, AMD saw revenue drop 2% from 2012 (from $5.42 billion to $5.3 billion), but the company had a solid fourth quarter in 2013 with $1.59 billion revenue which marked a 38% year-over-year jump from 2012. Much of that revenue came from sales of Microsoft’s Xbox One and Sony’s PlayStation 4. (Lest anyone forget that both of those very popular consoles run on AMD semi-custom hardware, that was a big win for the company.) AMD says that altogether, the Microsoft and Sony sold 7 million gaming consoles in two months. In addition, AMD did well in its Graphics and Visual Solutions...
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Believe it or not, it's earning seasons again, and a company that always seems to make things interesting in this regard is Amazon. While it's stock price is soaring, the past few quarters have shown tremendous revenue with next to no profit. This quarter, however, Amazon didn't manage to make a dime. While Q3 2013 sales were up 24% to $17.09 billion, and operating cash flow increased 48% to $4.98 billion, pure profit was down. All told, Amazon posted a net loss of $41 million in Q3, but in some ways, it's actually being viewed as a positive. Why? Because last Q3 the company posted a loss of $274 million, so at least things aren't quite as rough this year. The numbers, however, only tell part...
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In case you haven't noticed, it's pretty tough sledding out there in the semiconductor space. Margins are thin, suppliers are demanding, consumers are finicky, and we're living in a world that constantly demands more power for less money. It's a story that's familiar to AMD, which has been in some state of turmoil for years it seems. Ups and downs at AMD are nothing out of the ordinary, but considering that the planet would be quite a boring place with only Intel in the space, we're happy to see AMD's third-quarter earnings. Following Intel's own profitable Q3, AMD is citing a major boom in the semi-custom business as the key proponent for its Q3 net income figure of $48 million. Revenue for...
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If you're Intel, great news abounds. While the holiday quarter always tends to be positive for the chip giant, Q3 is one of those mysteries. This year, however, Wall Street is apt to be pleased with what the company accomplished. Intel reported third-quarter earnings this week, posting strong revenue of $13.5 billion alongside net income of $3 billion. All told, total revenue was up 5% sequentially, but flat year-over-year. That said, the Data Center Group saw record revenue of $2.9 billion, a rise of 12% compared to Q3 of last year. This quarter also saw the launch of 4th-gen Core products, not to mention over forty 22nm products for ultra-mobile products, networking, storage, and server market...
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It's official: Samsung is a giant. In case you weren't already aware that Samsung was a massive, money-making machine right in line with the likes of Microsoft, Oracle and Apple, the company's Q2 2013 earnings are proof that it has quite a bit of fundage in the bank. In the past three months, Samsung as a whole pulled in just under $7 billion in net profit, with revenues up 9% from the prior quarter. In contrast to the first half of last year, revenue was up 19 percent and operating profit increased 51 percent in the first half of 2013 as profitability in the components business improved. The profit ratio reached 16.6 percent in the first six months of the year compared with 13.1 percent recorded...
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It's good to be Google. It's also good to be Microsoft. Both are tech giants, and both seem to have little problem raking in billions each quarter in pure, unadulterated profit. But to Wall Street, it's all about perspective. While Microsoft managed to pull in $19.90 billion in revenue, $6.07 billion in operating income, and $4.97 billion in net income in its most recent quarter, it also suffered a $900 million charge "related to Surface RT inventory adjustments." That's a pretty technical way of saying that no one is buying the Surface RT, and it's taking a blow of nearly a billion dollars as a consequence to poor sales. It also explains the recent price cut to $349. Ouch. Of course, it still...
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