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HTC posts Q1 profit, revenues up in line with outlook

2015-04-07 08:45:00| Telecompaper Headlines

(Telecompaper) HTC reported first-quarter net profit of TWD 0.36 billion, reversing a loss of TWD 1.88 billion a year earlier. The smartphone maker's revenues rose to TWD 41.52 billion from TWD 33 billion a year ago, just meeting its outlook for sales of TWD 41.5-45 billion in the quarter. According to the preliminary figures, operating profit improved to TWD 0.02 billion compared to a loss of TWD 1.88 billion in Q1 2014. A full quarterly report will be released at a late date.

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China Telecom revenues, profit almost flat in 2014

2015-03-18 10:13:00| Telecompaper Headlines

(Telecompaper) China Telecom reported operating revenues of CNY 324.3 billion for the year ended 31 December 2014, which represents an increase of 0.9 percent compared to 2013. Service revenues amounted to CNY 287.3 billion, up by 3.1 percent year-on-year. EBITDA rose to CNY 94.8 billion, while the EBITDA margin stood at 33 percent. Profit slightly increased by 0.8 percent to CNY 17.6 billion in 2014, while basic earnings per share amounted to CNY 0.22. Capital expenditure amounted to CNY 76.9 billion, while free cash flow was CNY 12.5 billion.

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Microsoft profit slips as revenues get boost from cloud

2015-01-27 09:20:00| Telecompaper Headlines

(Telecompaper) Microsoft revenue for the quarter to December rose to USD 26.5 billion from 24.5 billion the year before, with particularly strong growth again from commercial cloud services. Operating profit slipped to USD 7.8 billion from 7.97 billion, and diluted earnings per share went a bit lower to USD 0.71 from 0.78 the year earlier. The results include USD 243 million worth of integration and restructuring costs, or a USD 0.02 per share negative impact, related to both Microsoft's restructuring plan announced in July and the ongoing integration of the Nokia phone business. Devices and Consumer revenue grew 8 percent to USD 12.9 billion, led by Surface tablet revenue up 24 percent to USD 1.1 billion. Phone Hardware revenue reached USD 2.3 billion, with 10.5 million Lumia units sold. Office 365 Home and Personal subscribers increased to over 9.2 million, up 30 percent from the previous quarter. Xbox console sales totaled 6.6 million units, after a strong holiday season performance. Commercial revenue grew 5 percent to USD 13.3 billion, driven by commercial cloud revenue surging 114 percent from the year before, with an annualised revenue run rate of USD 5.5 billion.

Tags: microsoft profit cloud boost

Samsung Q3 revenues, profit hit hard by competition

2014-10-07 09:11:00| Telecompaper Headlines

(Telecompaper) Samsung said it expects third quarter revenues to go lower than expected and reach KRW 46-48 trillion and the operating profit KRW 3.9-4.3 trillion, substantially lower than in the second quarter. Samsung attributed the weaker results to declines in the mobile business and intensified smartphone competition, as well as weak seasonal demand for the CE business, including TVs. To secure growth in the mid to long-term, Samsung is preparing new smartphone lineups, with new materials and innovative designs, as well as a series of new mid- to low-end smartphones with strong competitive positioning on both hardware specifications and price. For the fourth quarter, Samsung said it cautiously expects increased shipments of new smartphones and strong seasonal demand for TV products. Uncertainty at the IM business (internet and mobile communications) will continue however into the fourth quarter. In the third quarter, smartphone shipments increased only marginally amid the intense competition, the company said. The operating margin meanwhile fell on the back of higher marketing expenses, related to aggressive promotions and lowered Average Selling Price (ASP). The lower ASP was driven by reduced shipments of high-end models, coupled with price decrease for older smartphone models. The CE business saw revenues fall while at the Memory Business, revenues improved, led by continued strong seasonal demand momentum, including PCs and servers, price stabilisation under tight market supply and demand conditions, and cost reduction thanks to improved process migration. Revenues at the S.LSI and Display Panel Businesses were pulled down by the weaker demand for mobile products.

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