The bloom is slightly off the rose for Facebook. After a banner first post-IPO quarter, it's recording a net loss in its fiscal third quarter of $59 million despite its revenue climbing to $1.26 billion -- a big swing that the company is blaming on payroll tax tweaks and income taxes, which becomes clearer when you learn that the company posted a $311 million profit before factoring in standard accounting practices. Facebook hasn't said exactly what had the biggest impact, although its closing the Instagram deal wouldn't have helped matters. Still, the company isn't glum about its prospects: following an earlier mention of the milestone by founder Mark Zuckerberg, the earnings report touts that there are over 1.01 billion active Facebook users who check in at least once a month, over 604 million of which were mobile. Between a reworked iOS app, a freshened Facebook Messenger and new ad-friendly SDKs, the social network is bracing for a potential bonanza ahead.
Continue reading Facebook posts $59 million net loss in fiscal Q3, touts 1.01 billion active users
Filed under: Internet, Facebook
Facebook posts $59 million net loss in fiscal Q3, touts 1.01 billion active users originally appeared on Engadget on Tue, 23 Oct 2012 16:32:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments 
It's Microsoft's turn at quiet-before-the-storm quarterly results, and that's evident in the fiscal first quarter earnings it just dropped on our laps. The Redmond team is reporting $16.01 billion in revenue, but a more modest than usual $5.31 billion in profit over the summer -- while it's healthier than the Q4 loss stemming from the aQuantive write-off, it's not as impressive as the $7.2 billion profit from a year ago. While a tough PC market is partly to blame, it's equally hard to say that Microsoft couldn't have done better. There's a real chance that some of its customers have been holding back on purchases in anticipation of the Windows 8 and Windows Phone 8 launches; it's already setting aside $1.36 billion in revenue for Windows and Office upgrades. The company is unquestionably preparing itself for a giant spike in demand once at least Windows 8 rolls around later this month, so we'd say that the real litmus test will be the results we get after the holidays.
Filed under: Cellphones, Desktops, Laptops, Tablets, Software, Microsoft
Microsoft announces Q1 earnings with $5.31 billion in profit, braces for Windows 8 surge originally appeared on Engadget on Thu, 18 Oct 2012 16:06:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments 
RIM may have given us hope that its transition to BlackBerry 10 has turned a corner, but that doesn't mean the dark clouds have entirely broken just yet. The company's second fiscal quarter saw it generate $2.9 billion in revenue, a slight gain over last quarter, while it posted a net loss of $235 million -- again better than expected, but not the best news it could deliver. Waterloo's main challenge was holding on to its smartphone base. While RIM did expand the total BlackBerry user base to 80 million, its phone shipments dropped from 7.8 million to 7.4 million and were braced by shipments of just 130,000 PlayBooks, or half as many tablets as were delivered in the spring.
The sunshine is mostly found in the total picture. RIM says it's still on track to deliver the first BlackBerry 10 phones in early 2013; while the smartphone maker is bracing for an operating loss in its ongoing third quarter, the higher revenue and reduced losses suggest to CEO Thorsten Heins that RIM is getting its fiscal house in order before BlackBerry 10 (hopefully) renews interest. Full details of the company's financial performance are available after the break.
Continue reading RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss
Filed under: Cellphones, Tablets, Mobile
RIM posts Q2 earnings: $2.87 billion in revenue, softer $235 million loss originally appeared on Engadget on Thu, 27 Sep 2012 16:09:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments 
NVIDIA's fiscal performance in its second quarter shows the rewards of patience in the mobile sphere. It just saw its profit double versus a glum first quarter to $119 million, even though the company only slightly edged ahead in revenue to $1.04 billion. In explaining the success, the company is quick to point to a confluence of events that all worked in favor of its bank account: a slew of Tegra 3 phones and tablets like the Transformer Pad TF300 made NVIDIA's quarter the brightest, but it could also point to a much-expanded GeForce 600 line on the PC side and the shipments of the first phones with NVIDIA-badged Icera chips. The graphics guru expects its revenue to climb more sharply in the heat of the third quarter as well -- between the cult hit Nexus 7 tablet and a role as a major partner for Windows RT, NVIDIA has at least a temporary license to print money.
Filed under: Cellphones, Gaming, Tablet PCs
NVIDIA Q2 earnings bounce back through Tegra: $119 million profit on $1.04 billion in revenue originally appeared on Engadget on Thu, 09 Aug 2012 17:43:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments 
RIM hasn't had much good news to offer along with its glum fiscal first quarter, but it has given a reason to mark early 2013 on the calendar if you're a BlackBerry fan. CEO Thorsten Heins revealed during the results call that the first QWERTY BlackBerry 10 phone will arrive in "close proximity" to its touchscreen-only counterpart. What that entails is still very much under wraps, although there were clues. Heins stressed that the early batch would focus on the "premium" space, while BlackBerry 7 would hold down the entry and mid-range markets until their BlackBerry 10 replacements were ready. The tidbits won't provide much comfort to someone who has to decide on a phone by the holidays, but they hint that the truly patient could be rewarded for their calm under pressure.
RIM: QWERTY BlackBerry 10 phone launches in 'close proximity' to its all-touch cousin originally appeared on Engadget on Thu, 28 Jun 2012 17:41:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments 
Looks like rumors of major cost-cutting measures at HP are true: the company along with its fiscal Q2 results has just outlined plans to slash 27,000 jobs by the end of its fiscal 2014. The drop, or about eight percent of its workforce, is being offered an "early retirement" if it doesn't want to wait to be let go involuntarily. The move is intended to streamline HP's operations and save between $3 billion to $3.5 billion a year by the time the cuts are done. As for the results themselves, they explain all too clearly why the cuts are inbound: HP 's profit dropped a massive 31 percent to $1.6 billion, and its revenue dropped three points to $30.7 billion. CEO Meg Whitman touted the results as exceeding an earlier glum outlook, but with the enterprise, printer and services groups all dragging the company down, it's clear that HP is in the same boat as a struggling Dell.
Continue reading HP cuts 27,000 jobs, profit tumbles 31 percent in Q2
HP cuts 27,000 jobs, profit tumbles 31 percent in Q2 originally appeared on Engadget on Wed, 23 May 2012 16:22:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments 
Regional network MetroPCS has announced total revenues of approximately $1.3 billion for Q1 2012, up from $1.2 billion in the last quarter and up seven percent from the same period in 2011. Users on contract now total 9.5 million, with 16 percent of them making the move across to a smartphone. Net income has, however, dropped 63 percent since Q1 2011, with cost per user up 16 percent compared the same period last year. MetroPCS puts down to "retention expense" and the roll-out of its 4G network. The fifth biggest US carrier added over 131,000 new subscribers, but growth continues to slide -- it's down from 190,000 in Q4 2012. On the positive side, users are creeping onto the carrier's 4G network, with 580,000 LTE subscribers nowmaking up six percent of its total subscription base -- regardless of those creeping costs for unlimited data.
MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks originally appeared on Engadget on Thu, 26 Apr 2012 07:34:00 EDT. Please see our terms for use of feeds.
Permalink |
BusinessWire | Email this | Comments