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Microsoft quarterly sales fall 12%, profits higher
2015-10-23 07:17:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a 12 percent drop in quarterly revenues to USD 20.379 billion, hurt by the stronger dollar. Windows sales to computer makers were also 6 percent lower, as the launch of Windows 10 had yet to gain pace, and phone revenue fell 54 percent at constant exchange rates, as Microsoft scaled back its presence in the market. Excluding currency effects, revenue for the fiscal first quarter to September fell 2 percent, while adjusted operating profit was up 11 percent to USD 7.074 billion. Net profit was still up 2 percent on a reported basis to USD 4.620 billion, and adjusted EPS rose to USD 0.67 from USD 0.65 a year ago.
Tags: sales
fall
higher
microsoft
Esure profits fall after claims soar
2015-08-10 10:51:21| BBC News | Business | UK Edition
Online insurance firm Esure says it will push up premiums after a surge in small injury claims hits its motor insurance profits.
Tags: fall
claims
profits
soar
China sales fall hits BMW profits
2015-08-04 12:57:34| BBC News | Business | UK Edition
A drop in sales in China and investment in new vehicles hits German luxury car maker BMW's second-quarter profits.
Mazda's profits fall, but sales rise
2015-07-30 09:51:26| BBC News | Business | UK Edition
Japanese car maker Mazda reports a drop in operating profit, but sees strong growth in sales.
Samsung Q2 profits fall as smartphone growth slows
2015-07-30 08:49:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported second-quarter net profit down to KRW 5.75 trillion from KRW 6.25 trillion a year ago, hurt by weaker results in consumer electronics and mobile phones. Revenues fell to KRW 48.54 trillion from KRW 52.35 trillion a year ago, and operating profit dropped to KRW 6.90 trillion from KRW 7.19 trillion. At the mobile division, revenues of KRW 26.06 trillion were up 1 percent from the first quarter but fell compared to KRW 28.45 trillion in the year-earlier period. Operating profit at the division nearly halved year-on-year, to KRW 2.76 trillion from KRW 4.42 trillion. Samsung said the sequential improvement in results was thanks to the launch of the Galaxy S6 smartphone, which helped increase the average selling price. However, smartphone shipments were still down compared to the previous quarter, as the S6 could not offset slower sales in the low-end and mid-range markets. Samsung said it expects growth in the smartphone market to slow in the second half of the year, with only a small sequential increase in sales in Q3. It plans to focus on the high end of the market, with strategic pricing of the S6 and launching more large-screen models. This should help grow smartphone shipments from Q3 while tablet sales are expected to remain flat.
Tags: fall
growth
samsung
profits
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