earnings

Facebook has just reported its Q2 2014 earnings, showing growth in revenues, income and user numbers. As for the financials, Facebook saw a 61 percent jump in revenue over Q2 2013 to $2.91 billion, with net income also jumping to $791 million, a boost of 139 percent over last year. Operating income, operating margin and EPS were all up substantially from last year.

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Verizon's first quarter results are in, and mirroring rival AT&T, they saw some rather impressive growth. Verizon as a whole saw $30 billion in revenue, but even with their substantial non-cellular businesses, Verizon Wireless accounted for a whopping $20.9 billion of that income. That's an increase of nearly 7% from this quarter last year, though growth through their retail outlets was slightly lower.

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AT&T reported its first quarter 2014 results, showing impressive growth in revenues, handset sales and customer acquisition for the quarter. While AT&T operates businesses outside of its wireless division, we're going to focus on this portion. For the quarter, AT&T posted $17.9 billion in revenue including handset sales, up 7 percent year-over-year, leading to $5.1 billion in operating income, up 8.1 percent.

On the customer side, AT&T added 625,000 postpaid customers, its largest first quarter gain in five years. It also added 693,000 "connected devices," but saw prepaid customers dip overall in the quarter mostly due to the loss of over 200,000 reseller subscribers. Of those additions, 311,000 were for postpaid smartphones, while 313,000 were tablets.

Source: AT&T

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Microsoft has announced on its official Windows Phone Blog that a substantial increase in app downloads and revenue has been experienced by developers. The company has continuously expanded developer support and store coverage since the platform launched back in 2010.

Not only are we looking it added reach, but it's reported that app downloads is up by more than 100 percent, while paid app revenue has rocketed by nearly 140 percent since Windows Phone 8 launched last year. The team also unveiled a few enhancements to expand distribution and opportunity.

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Microsoft has revealed that during Q2 of its 2013 financial year it has broken revenue records with a taking of $21.5 billion. $6.38 billion of that grand total was actual profit, providing shareholder's with $0.76 per-share. While EPS was down year-over-year, net income is reported to be up from $5.87 billion a year ago. It's looking good for the company.

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Preliminary estimates by Nokia indicate that the Finnish phone giant's Q4 2012 financial performance has exceeded expectations in their Devices & Services division, thanks in large part to the success of their Lumia line of Windows Phone devices. Their estimates suggest that Nokia achieved what it calls "underlying profitability" in Q4. In a press release, CEO Steven Elop shared his thoughts on the news:

"We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks. We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter."

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According to Seeking Alpha who have managed to calculate an estimation as to just how much Microsoft has made from Windows Phone in the last fiscal year, the software giant is estimated to be looking at $736 million from the mobile division. While we're still on the steady growth path Microsoft will continue to shield revenue performance of the platform until there's something to frame on the office wall.

Seeking Alpha worked out that by removing each non-Windows Phone layer from Microsoft's EDD (Entertainment and Devices Division), they found Windows Phone revenues has been fairly steady over the past few years, since its launch in 2010.

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We're all tuned into the Microsoft financial results for the fiscal quarter ending June 30th, 2012 and there has been some interesting details revealed. Overall, Microsoft posted a record revenue of $18.06 billion but along with that came the news of a net income loss of $492 million, something almost unheard of for Microsoft. The loss itself, Microsoft attributes to something they're calling "goodwill impairment charge" otherwise known as a "writeoff" to the tune $6.2 billion which stems from their acquisition of aQuantive. Overall though, Microsoft's quarter revenue adds up to a 7% increase from around the same time last year and quarterly operating income brought in a total of $6.93 billion. In other simpler words, a 12% increase in operating income.

Total fiscal year income coming in at $73.72 billion in revenue, with operating income at $21.76 billion. Microsoft's entertainment division helped in this area with things such as Xbox 360 having grown by 20 percent to more than $1.7 billion. On the business side of things, Microsoft raked in a 7% increase with nearly $6.3 billion in revenue. Windows and Windows Live Divisions ended up declining this quarter, slipping down by 13% while still earning $4.1 billion. We'll be digging deeper into the numbers here soon, but for now you can check out the full press release via the source link below.

Update - See our analysis of today's results here.

Source: Microsoft

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Nokia's Q3 earning reports came out yesterday, and to nobody's surprise, the $12.35 billion was not good, a 3% drop from Q2 and 13% from the same time last year.  The unexpected silver lining here is that Nokia's overall net loss this quarter, $93.34 million, is a huge improvement over last quarter's $668.50 net loss.  This beat nearly everyone's expectations and gave Nokia a nice pre-trading stock bump of 8%. 

Nokia still has a long way to go, as they are well behind their $553.20 million profit from last year.  However, the Finnish phone manufacturer has a whopping $6.95 billion in its coffers, so it can certainly tread water until the launch of their new line of Windows Phones, expected to be on October 26-27 at the Nokia World conference in London.  CEO Stephen Elop has confirmed that we will see the first Nokia WP7 handsets this quarter, and Microsoft will be there in force as well.

Source: DailyTech

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Record full-year revenue for Microsoft

Microsoft has published their fourth-quarter and full-year revenues that break records despite Windows Phone 7 having a slower-than-hoped launch and Windows (and PCs) taking a slight hit. 

The fiscal year, which ended June 30th, were at record breaking high of $69.9 billion (up 12% from 2010). Q4 revenue was clocked at $17.4 billion, an 8% increase of the same quarter in 2010. Microsoft's net income for the quarter was $5.87 billion, a 30% increase, and for the year it was $23.2 billion, a 23% increase.

The revenue for Microsoft's Business division grew by 16% for the year while online services revenue jumped 15% (thanks to the growth of Bing). Entertainment & Devices sky-rocketed 45% for the year with Kinect, Windows Phone 7 and continued growth of Xbox Live (and Xbox 360).

Windows and Windows Live revenues fell 2% for the year (even with 400 million Windows 7 licenses sold). Mango is hoped to not only be a great ROI (return of investment), but a beacon of hope for Nokia who reported losses in the last quarter.

Source: Microsoft

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T-Mobile reports Q2 earnings

T-Mobile released its second-quarter report today. The bullet points:

  • Added 325,000 new customers, down from 415,000 in Q1 and nearly half as many as in Q2 2008.
  • Churn was 2.2 percent, down from 2.3 percent in Q1 2009 but 1.9 percent higher than Q2 2008.
  • $1.60 billion in income, up from $1.38 billion in Q1 2009 and $1.58 billion in Q2 2008. The increase is from reduced operating costs.
  • Total revenue was $5.34 billion in the second quarter, down from $5.40 billion in Q1 2009 and $5.47 billion in Q2 2008.
  • Average revenue per user (the beloved ARPU) was $48, in line with Q1 2009 but down from $52 in Q2 2008.

More here and after the break.

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