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Microsoft Corporation (MSFT)

  • Nov. 13, 2012, 7:04 PM
    A few more details from Cisco's (CSCO) FQ1 call: Analysts were surprised by Cisco's light FQ2 gross margin guidance, in light of FQ1's margin strength. Cisco attributed the guidance to a mix shift and noted its UCS server line, which carries relatively low margins, is growing rapidly. John Chambers claimed Cisco is competing better with Huawei (still a concern for many) than it was 12-18 months ago. He reaffirmed Cisco's strained partnership with EMC/VMware, but added Cisco plans to form closer ties with EMC rivals such as NetApp, Red Hat, and Microsoft.
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  • Oct. 25, 2012, 10:16 AM
    Logitech (LOGI -10.5%) becomes the latest PC-centric name to fall after a weak earnings report. In addition to missing FQ2 estimates, the company warned its fiscal 2H sales and operating income will be down Y/Y. FQ2 OEM sales fell 27% Y/Y (weaker keyboard/mouse sales), echoing Microsoft's huge Windows sales drop, while retail sales fell 5%. Audio sales -14%, Video -17%, Harmony remote sales -14%, with units falling 31%. Gross margin was up 500 bps Q/Q and 210 bps Y/Y. (prepared remarks, slides - PDF)
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  • Oct. 22, 2012, 6:02 PM
    Half of Yahoo's (YHOO) workforce should be focused on mobile (a current weak spot), says Marissa Mayer during her first call as CEO. Improving ad targeting and site integration are also named priorities. Mayer claims most of Yahoo's acquisitions will be in the sub-$100M range (MM and OPEN, reportedly drawing Yahoo's interest, are much bigger), and that Yahoo plans to continue working with Microsoft (MSFT) in spite of "disappointment" with the search partnership. Shares +4.1% AH. (live blogs: I, II) (Q3 results: I, II)
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  • Oct. 18, 2012, 4:28 PM
    More on Microsoft's FQ1: Non-GAAP revenue and EPS (includes deferred revenue related to Windows 8/Office upgrades and pre-sales) were $17.36B and $0.65, respectively. Windows division sales fell a stunning 33% Y/Y on GAAP basis (-9% non-GAAP), was -13% in FQ4. Office division -2% (+7% in FQ4), Server & Tools +8% (+13% in FQ4). Entertainment & Devices -1%, reversal from FQ4's +20%. Online Services +9% with $364M operating loss ($472M in FQ4). CC at 5:30PM ET (webcast). MSFT -2.6% AH. (PR)
  • Oct. 18, 2012, 4:12 PM
    Microsoft (MSFT): FQ1 EPS of $0.53 misses by $0.03. Revenue of $16.01B (-8% Y/Y) misses by $410M. FY13 operating expense guidance of $30.3B-$30.9B re-affirmed. Shares -1% AH. (PR)
  • Oct. 18, 2012, 12:10 AM
    Notable earnings after Thursday’s close: ACTG, AMD, ASBC, BGS, CBST, CMG, COF, CPHD, ETFC, FLEX, GOOG, MSFT, NCR, PBCT, RHI, RMBS, RVBD, SNDK
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  • Oct. 17, 2012, 5:35 PM
    Notable earnings after Thursday’s close: ACTG, AMD, ASBC, BGS, CBST, CMG, COF, CPHD, ETFC, FLEX, GOOG, MSFT, NCR, PBCT, RHI, RMBS, RVBD, SNDK
  • Oct. 16, 2012, 5:31 PM
    Mentioned during Intel's Q3 earnings call (webcast): Q4 gross margin weakness has much to do with capacity adjustments rather than price cuts or mix shifts. But the company is taking "aggressive tactical actions" to lower inventory, as PC demand stays soft and OEMs prove cautious about placing orders. Also, enterprise server demand has softened, though cloud sales are strong. Intel's inventory and capex guidance suggest it isn't counting on PC demand rebounding strongly anytime soon. INTC -3.3% AH.
  • Jul. 19, 2012, 6:51 PM
    More details about Microsoft's FQ4: Subscription revenue growth was 12% Y/Y for Office, 20%+ for Server & Tools. Dynamics CRM revenue up over 25%. FY13 Windows revenue growth expected to be in-line with PC market growth, after trailing lately due to a mix shift towards emerging markets (lower fees/higher piracy). Entertainment & Devices is losing money due to Nokia payments. FY13 capex expected to top $3B (nearly 4% of consensus revenue), as cloud investments ramp. MSFT +3.6% AH.
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  • Jul. 19, 2012, 4:35 PM
    More on Microsoft's FQ4: Enterprise strength drove the EPS beat: Office division sales +7% Y/Y and Server & Tools +13%. This offset a 1% drop in Windows sales (adjusting for Windows 8 upgrade revenue). Online Services +8% Y/Y, loss "narrows" to $472M exc. aQuantive write-down. Entertainment & Devices (Xbox, Skype, mobile) +20% Y/Y, but swings to a $263M loss. 1.1M Xboxes shipped vs. 1.7M prior. Server & Tools' $2.1B profit nearly even with Windows' $2.4B. MSFT +2.2% AH. (PR)
  • Jul. 19, 2012, 4:11 PM
    Microsoft (MSFT): FQ4 EPS of $0.73 beats by $0.11. Revenue of $18.6B (+7% Y/Y) beats by $470M. FY13 operating expense guidance re-affirmed.  Shares +2% AH. (PR)
  • Jul. 19, 2012, 9:25 AM
    Google (GOOG) and Microsoft (MSFT) are due to report earnings after the bell that could contrast how Google is still a growth story while Microsoft appears to be treading water (until Windows 8?). Google's Q2 EPS is expected at $10.04 vs. $8.74 last year and revenue of +21.6% to $8.41B. Microsoft's FQ4 EPS is seen falling to $0.62 from $0.69 despite revenue of +4.4% to $18.13B.
  • Jul. 19, 2012, 12:10 AM
    Notable earnings after Thursday’s close: ALGN, AMD, ASBC, CMG, CPWR, ETFC, GOOG, ISRG, MSFT, PBCT, SNDK, SWFT
  • Jul. 18, 2012, 5:35 PM
    Notable earnings after Thursday’s close: ALGN, AMD, ASBC, CMG, CPWR, ETFC, GOOG, ISRG, MSFT, PBCT, SNDK, SWFT
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  • Jul. 9, 2012, 4:41 PM
    AMD -5.7% AH after warning it expects Q2 revenue to fall 11% Q/Q, well below a guidance range of +/- 3%. AMD blames weaker-than-expected distributor sales in China and Europe, and the impact of poor consumer spending on sales to OEMs. Archrival Intel (INTC) has already seen a raft of estimate cuts, and downbeat commentary about PC demand has been easy to find.
  • Apr. 24, 2012, 5:53 PM
    Apple states on its FQ2 earnings call (webcast, live blog) its conservative FQ3 guidance was partly due to a 2.6M Q/Q increase in iPhone channel inventory. Its strong FQ2 gross margin is attributed to lower commodity costs (i.e. cheaper flash memory) and product mix (more iPhones). Tim Cook adds Apple won't follow Microsoft's (MSFT) lead in offering "converged" PC/tablet devices. iTunes revenue was $1.9B, +35% Y/Y. China revenue rose over 3x to $7.9B. AAPL +7.1% AH.
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Company Description
Microsoft Corp is engaged in designing, manufacturing, selling devices, and online advertising.Its products include operating systems for computing devices, servers, phones and other devices.
Sector: Technology
Country: United States