Business News Holding

Tag: financial-results

  • Apple Reports Record Q3 2015 Results

    Apple Reports Record Q3 2015 Results

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    Apple has just announced financial results for its fiscal 2015 third quarter (ended June 27, 2015). The company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion. These results compare to revenue of $37.4 billion and net profit of $7.7 billion in the year-ago quarter.

    In the Q3 2015 Apple sold:

    • iPhone: 47 million units (35 mln in Q3 2014)
    • iPad: 10.9 million units (13 mln in Q3 2014)
    • Mac: 4.7 million units (4.4 mln in Q3 2014)

    Revenue by product:

    • iPhone: $31.3 b
    • iPad: $4.5 b
    • Mac: $6 b
    • Services (iTunes, AppleCare, Apple Pay, licensing and other services): $5 b
    • Other products ( Apple TV, Apple Watch, Beats Electronics, iPod and Apple-branded and third-party accessories): 2.6 b

    Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

    According to Apple, “the growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.”

    “In the third quarter our year-over-year growth rate accelerated from the first half of fiscal 2015, with revenue up 33 percent and earnings per share up 45 percent,” said Luca Maestri, Apple’s CFO. “We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”

    Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on August 13, 2015, to shareholders of record as of the close of business on August 10, 2015.

  • Telanetix Reports Fourth Quarter and Full Year 2010 Financial Results

    Telanetix, a communications solutions provider offering voice services and solutions to the business market, reported financial results for its 2010 fourth quarter and full year ended December 31, 2010.

    The company’s fourth quarter core voice revenue increased 10 percent over the same quarter last year and full-year core revenue grew nearly 16 percent over 2009.

    Fourth Quarter 2010 Financial Highlights:

    • Core voice revenue increased 10 percent year-over-year to $6.0 million, compared to $5.4 million in the fourth quarter of 2009.
    • Total revenue was $6.7 million, a decrease of 6.9 percent compared to $7.2 million in the fourth quarter of 2009. The decline in total revenue was due to the expected decrease in legacy product revenues, which were $733,000, a 59 percent decrease compared to $1.8 million in the fourth quarter of 2009.
    • Adjusted EBITDA improved to $536,000, compared to $130,000 in the fourth quarter last year.
    • Net loss from continuing operations was $1.6 million, or $0.00 per share, compared to net income of $1.1 million, or $0.04 per share, in the fourth quarter last year.
    • Total cash and cash equivalents increased $58,000 to $2.3 million at December 31, 2010.

    Full Year 2010 Financial Highlights:

    • Core voice revenue increased 15.9 percent year-over-year to $23.7 million.
    • Total revenue increased $228,000 year-over-year to $28.5 million.
    • Adjusted EBITDA of $1.7 million, first full year positive EBITDA and a more than $2.1 million improvement compared to an adjusted EBITDA loss of $379,000 for 2009.
    • Net income from continuing operations was $10.3 million, or $0.06 per share, which included a $16.5 million gain on recapitalization and $800,000 credit from change in fair market value of derivative liabilities, compared to net loss in 2009 of $8.1 million, or a loss of $0.26 per share, which included a $4.1 million expense for interest and a $3.8 million credit for warrant and beneficial conversion feature liabilities.

    “In addition, we achieved our fifth consecutive quarter of positive adjusted EBITDA and first full year positive EBITDA. During the quarter, our legacy revenue flattened out from recent declines, and we expect it to stay flat or modestly improve in 2011," said Doug Johnson, Telanetix’s CEO.

    He added that during the year the company made progress building on its strategic partnerships and expanding its customer reach by adding new channel partners, including Mitel Networks and Vertical Communications, each of which offers Telanetix’s SIP trunking services to customers ranging from medium-sized businesses to Fortune 1000 enterprises. "We have seen strong initial interest in these services and expect this to be an important growth driver in 2011," Johnson said.

    ”2010 was a pivotal year for Telanetix and we are pleased with our progress and positive steps that have stabilized the company, including completing a comprehensive recapitalization of the Company. We believe we are well positioned now to build on this stable foundation and further expand our presence and share in the marketplace. We expect to achieve continued double digit growth in our core revenue for 2011,” he concluded.

  • Motorola Mobility Announces Q4 and Full-Year 2010 Financial Results

    Motorola Mobility reported net revenues of $3.4 billion in the fourth quarter of 2010, up 21 percent from the fourth quarter of 2009. The GAAP earnings in the fourth quarter of 2010 were $80 million (.27 per share), compared to a loss of $204 million (.69 per share) in the fourth quarter of 2009

    On a non-GAAP basis, earnings in the fourth quarter of 2010 were $108 million (.37 per share) compared to a loss of $70 million (.24 per share) in the fourth quarter of 2009.

    For the full year, 2010 net revenues were $11.5 billion, up 4 percent compared to 2009. For the full year, the GAAP loss was reduced to .29 per share from a loss of $4.56 per share in 2009. On a non-GAAP basis, the loss was reduced to .28 per share from a loss of $2.95 per share in 2009.

    Motorola also announced thet the company generated positive operating cash flow of $225 million and $606 million in the quarter and full year, respectively. As planned, subsequent to the end of the quarter, the company received $3.2 billion in cash related to its separation from Motorola, Inc.

    "The improvement in our financial results last year, including profitability in the fourth quarter, is indicative of the progress we have made in delivering innovative smartphones and improving the Mobile Devices business," said Sanjay Jha, chairman and chief executive officer of Motorola Mobility.

    "Our Home business performed well and remains a premier provider of digital set-tops and end-to-end video solutions. With the global opportunities ahead, along with our diversified portfolio, our brand, and our people, we are well positioned to grow, and further improve our financial results in 2011," he added.

    Operating Results

    According to the report, Mobile Devices segment net revenues in the fourth quarter were $2.4 billion, up 33 percent compared with the year-ago quarter. For the full year 2010, net revenues were $7.8 billion, an increase of 9 percent compared to 2009.

    Motorola shipped 4.9 million and 13.7 million smartphones in the quarter and full year, respectively, compared to 2.0 million in the fourth quarter and full year 2009. The company shipped total handsets (including smartphones) of 11.3 million and 37.3 million in the quarter and full year 2010, respectively.

    The Company’s outlook for the first quarter of 2011 is the following:

    * Consolidated operating earnings in a range around breakeven
    * Non-operating costs of approximately $10 million
    * Income tax provision of approximately $25 million
    * Net loss of $26 million to $62 million
    * Net loss per share of .09 to .21
    * Basic shares outstanding of approximately 294 million shares
    * Excludes charges associated with items of the variety typically highlighted by the Company in its quarterly earnings results, stock-based compensation expense and intangible assets amortization expense.