“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion,†said Apple CFO Peter Oppenheimer. For its third fiscal quarter, Apple posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion, or $1.35 per diluted share. Apple sold 2.6 million Macintosh computers, 10.2 million iPods, and 5.2 million iPhones during the quarter.
Posts Tagged ‘revenue’
McClatchy Doubles 2Q Profit
July 21st, 2009 |
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SACRAMENTO, Calif. — Newspaper publisher McClatchy Co. said Tuesday that layoffs and other cost-cutting helped it double its second-quarter profit despite a continued plunge in advertising.
McClatchy’s results defied predictions of anot…
California Budgt Deal: Schwarzenegger, Legislature Agree On Plan To Close $26B Budget Deficit
July 21st, 2009 |
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SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and California’s legislative leaders agreed Monday on a plan to close the state’s $26 billion budget shortfall, potentially getting the state back on firm financial ground so it can stop is…
Swine Flu Profits: Drug Companies To Reap Billions
July 21st, 2009 |
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Some of the world’s leading pharmaceutical companies are reaping billions of dollars in extra revenue amid global concern about the spread of swine flu.
Analysts expect to see a boost in sales from GlaxoSmithKline, Roche and Sanofi-Aventis wh…
Google sees quarterly profit up
July 16th, 2009 |
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Internet search engine Google has seen better-than-expected quarterly results even as revenue growth slowed following the economic downturn.
The firm saw net income reach $1.48bn (£900m) in the three months to 30 June, compared to $1.25bn a year before.
Revenue rose 3% for the period at $5.52bn and just over half – 53% – came from outside the US.
Analysts reacted broadly positively to the results, noting that the firm had performed well in containing costs.
The firm was upbeat about the results "especially given the continued macro-economic downturn".
Chief executive Eric Schmidt said: "These results highlight the enduring strength of our business model and our responsible efforts to manage expenses."
Google earned $5.36 a share, excluding certain items, better than the $5.08 per share forecast by analysts.
Sameet Sinha, an analyst with JMP Securities said: "The numbers are good. Revenue was in line with expectations, and strong operating efficiencies were brought about by the new chief executive."
"It definitely shows that Google is a best-of-breed company for online advertising, and it’s a must buy."
But Ross Sandler, an analyst at RBC Capital, described the results as mixed.
"Overall, the focus is on what’s going to happen in the second half."
Shares in the firm Google gained 1% to $442.60 on but later dropped 2.4% in after-hours trade.
Paid clicks – which include clicks related to ads served on Google sites and the sites of AdSense partners – were 15% higher year-on-year, but 2% less than in the first quarter.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
UK film industry enjoys bumper year
July 16th, 2009 |
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Revenue and cinema attendances increased in 2008, figures show
The British film industry has bucked the trend during the economic downturn with a year of steady growth in revenue and attendances at the cinema, figures show.
In 2008 – the year of The Dark Knight, Mamma Mia! and Quantum of Solace – British films accounted for 15% of box office takings worldwide, banking $4.2bn (£2.6bn) – up nearly $1bn on the previous year.
Attendances also rose steadily, adding weight to research by the UK Film Council on past recessions that suggested going to the movies was generally unaffected by the economic climate.
The trend is expected to continue this year with the production of major UK/US productions, such as Harry Potter and the Deathly Hallows Part One. In the first half of 2009, £535m was spent on film production in Britain, compared with £363m over the same period last year.
Nonetheless, only one in 20 purely domestic films made a profit last year, and there were a number of star-studded flops, including Three And Out, starring Mackenzie Crook, which took only £189,454 when it opened in April 2008.
According to David Steele, head of research and statistics at the UK Film Council, said: “The film industry is a hit-dependent industry, and there are very few hits. If you want to score goals you have to make many attempts; and the difference between hits and misses is vast.”
US/UK productions have a far higher profit rate of 27%, based on their box-office takings over the first two years of release. “Studio films have much larger budgets; and the hit rate goes up as the budget goes up when you can employ stars and tap into global marketing and distribution,” said Steele, who today launched the 2009 UK Film Council Statistical Yearbook..
The British film industry has in recent years been propped up considerably by franchises such as Harry Potter, and by blockbusters such as Mamma Mia!. The latter has become the biggest-selling DVD of all time.
The effect on the British film industry when the Harry Potter films come to an end is uncertain.
“I don’t think we can assume that others won’t come up with great ideas in the future,” said Steele. “The talent base in Britain is so rich and deep.”
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Strong Intel Numbers Signal Hope for IT Industry
July 14th, 2009 |
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Intel’s strong second quarter fuels hope that the global recession that has hammered the IT industry may be easing. Excluding a massive fine from the European Union, Intel reports a $1 billion profit on $8 billion in revenue. Intel CEO Paul Otellini echoes his counterparts from Dell and Microsoft by saying he expects enterprise purchases of servers and consumer purchases of PCs to pick up after the recession forced spending cuts. However, purchases of business PCs are expected remain stagnant.
– Three months after CEO Paul Otellini
announced that the PC
market had bottomed out, Intel’s latest quarterly numbers indicate that the
industry may be stabilizing.
Intel July 14 posted strong numbers in the second quarter, including $8
billion in revenue and a $1 billion profit. However, when t…
Sun Expects Q4 Revenue to Be Down by $1 Billion
July 14th, 2009 |
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In what might be its final preliminary report on quarterly financials, Sun Microsystems said it expects revenues for the fourth quarter of fiscal 2009 to be down more than $1 billion from a year ago. Erstwhile owner Oracle doesn’t seem worried, saying it expects Sun to add $1.5 billion per year to its own revenues.
– In what might be its final preliminary report on quarterly financials, Sun Microsystems said July 14 that it expects revenues for the fourth quarter of fiscal 2009 to be in the range of $2.58 billion and $2.68 billion, down more than $1 billion from a year ago.
Sun recorded revenues of $3.78 bil…
Microsoft Office 2010 Could Be a Revenue Boon or Bomb
July 14th, 2009 |
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Microsoft Office 2010 marks the transition of the productivity suite from primarily desktop-based applications to products served for free from either the cloud or a combination of cloud and on-premises data center. Considering that a large portion of Microsofts bottom-line revenue is derived from its productivity and business products, the inevitable question arises: How will Office’s transition to the cloud affect the companys bottom line?
– The shift of Microsoft
Office 2010 from a primarily desktop to cloud-based application suite was a
fairly radical one for Microsoft, which is looking for a strategic advantage
over Google and other companies that have launched online productivity
products.
Once released, Office 2010 will a…
Hulu to Match YouTube’s Revenue: Ten Observations For The Future of Media
November 18th, 2008 |
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An analyst at Screen Digest estimates that in “2008 YouTube will generate about $100m in the US, compared to about $70m at Hulu. Next year both sites will generate about $180m in the US.†That’s very significant because YouTube had 83m unique viewers in the US in September, while Hulu only had 6m.
Here, in no [...]