Daily active users: 665 million, up 26 percent Monthly active users: 1.11 billion up 23 percent Mobile monthly active users: 751 million, up 54 percent Instagram: 100 million monthly active … Read more
IBM's first quarter fell short of expectations as deals slipped into the second quarter. IBM's comments about a poor finish to the first quarter is becoming a common refrain among enterprise technology companies.
The company reported first-quarter earnings of $3 billion, or $2.70 a share, on revenue of $23.4 billion, down 5 percent from a year ago. Non-GAAP earnings for the first quarter were $3 a share.
IBM was expected to report first-quarter earnings of $3.05 a share on revenue of $24.6 billion.
CEO Ginni Rometty said that the company saw a strong start … Read more
"We had a very strong start to 2013, with $14.0 billion in revenue, up 31 percent year-on-year," said Larry Page, CEO of Google. "We are working hard and investing in our products that aim to improve billions of people's lives all around the world."
Shares of Google closed down more than 2 percent … Read more
Shares of Yahoo fell sharply in after-hours trading today after the company's first-quarter earnings revealed a sharp fall in display advertising revenue.
Yahoo's earnings rose 26 percent to $420 million in the first quarter of 2013 after stripping out onetime charges on essentially flat sales.
Wall Street had expected a 9 percent increase in net income on 2 percent sales growth. Revenue, excluding traffic acquisition costs, was $1.07 billion for the first quarter of 2013, flat compared to the first quarter of 2012.
Non-GAAP net earnings per diluted share was 38 cents in the quarter compared to … Read more
During Hewlett-Packard's first-quarter earnings conference call, CEO Meg Whitman clarified the company's "better together" strategy.
"We have no plans to to break up the company," Whitman said, in response to a question from an analyst. "I feel quite strongly that we are better and stronger together."
She reiterated this was part of HP's "better together" strategy. In short, Whitman is saying that HP as a whole is more than the sum total of its parts.
The disruptive innovation comment from CEO Meg Whitman likely revolved around Project Moonshot, the company's ARM-based server designed for hyperscale environments.
HP reported first-quarter earnings of $1.6 billion, or 63 cents a share, on revenue of $28.4 billion, down 6 percent from a year ago. Non-GAAP earnings in the first quarter were 82 cents a share. Wall Street was looking for first-quarter earnings of 71 cents a share on revenue of $27.… Read more
Eat your own, or somebody else will. That's the new mantra in the device world.
Here's what Apple said this week on that topic.In terms of cannibalization and how we think about this, I see cannibalization as a huge opportunity for us. One, our base philosophy is to never fear cannibalization. If we do, somebody else will just cannibalize it and so we never fear it. --Tim Cook.
This was said in response to an analyst's question during the company's first-quarter earnings conference call. Earlier in the call, Apple, in its prepared remarks, said that … Read more
Shares of Apple continued to slide today, edging toward levels the stock hasn't touched since last January.
After opening down more than 10 percent this morning at $460.46 a share, the stock closed at $450.46, down $63.55, or 12.36 percent. It's the largest single-day percentage drop since 2008 for the company's shares, and follows yesterday's earnings report that missed Wall Street's expectations.
Apple CEO Tim Cook had a bit of deja vu today when an analyst asked him to expound on Apple's future contributions to the TV industry.
"There's a lot we can contribute in this space so we can continue to pull the string and see where it leads us," he said during Apple's first quarter earnings call today, after remarking on the growth of sales for the Apple TV device.
Whatever disappointment investors may have with Apple's latest earnings report, nothing could rub away the shine from the company's strong sales out of China.
Apple's sales in the "Greater China" region, encompassing China, Taiwan, and Hong Kong, were $7.3 billion in the quarter, a 60 percent year-over-year increase, according to CEO Tim Cook, who spoke during a conference call today following the publication of Apple's fiscal first-quarter numbers.
"This is incredibly high," he said, adding that the comparison was even stronger than it seems at first blush, as last year's … Read more