Monday, September 23, 2019

Microsoft misses in Q4 2015

Microsoft today reported that it brought in $22.2 billion in revenue in the fourth quarter of its 2015 fiscal year, which ended on June 31. Analysts were expecting $22.06 billion in revenue for the quarter.

Meanwhile, Microsoft reported 40 cents in operating loss per share as a result of a $7.5 writedown related to the 2014 acquisition of the Nokia Devices and Services business, as well as a $780 million charge for the restructuring plan announced earlier this month, the company said in its press release about theearnings statement. Microsoft said it also faced a separate $160 million charge because of its earlier restructuring activity.

Altogether, Microsoft is delivering a $3.19 billion net loss — or a 40 cent loss per share — to shareholders. Revenue was down 5 percent year over year. Microsoft stock was down more than 3 percent after the earnings release.The declining PC market resulted in decreases for Office commercial and consumer revenue and Windows OEM and volume licensing revenue. Revenue for Microsoft’s Lumia and non-Lumia phones both fell, too.

Despite that context, there are some bright spots for Microsoft to point to today. Commercial cloud revenue, for products like Azure, Office 365, and Dynamics CRM Online, was up 88 percent year over year, growing by $832 million, with an annual run rate of $8 billion. Surface revenue grew by 117 percent year over year, up to $888 million. And first-party video game revenue — think Minecraft — was up 62 percent, to $63 million.

MOST READ

Batelco Supports Youth City 2030

Batelco, in line with its continuous efforts to support and empower the Kingdom’s youth announced its renewed support of the Ministry of Youth &...

9 Flavours to Celebrate 89th Saudi National Day!

Onset of Saudi Arabia's 89th National Day, Bahrain Tourism and Exhibitions Authority (BTEA) is hosting a wide range of celebrations in Bahrain. As famous is...

AL HAWAJ Shopping Bazaar Hot Offers

Al Hawaj Shopping Bazaar is gearing for the winter season with fantastic hot offers. Come and visit Hall 2A of Bahrain International Exhibition Centre...

Carrefour Hosts Grand Opening to Inaugurate its most Sustainable Hypermarket Yet in Barbar’s Iconic Jawad Dome

Carrefour, which is operated in Bahrain by Majid Al Futtaim, held a grand opening last 17th September, 2019 to inaugurate its most sustainable hypermarket...

AI and Emotional Quotient (EQ) Skills

Several researchers (inside and outside Bahrain) are reporting, and independent research confirms, that artificial intelligence (AI) will reshape our economy and the roles of...

BTEA to host an exciting line-up of fun-filled activities celebrating KSA’s National Day

The Bahrain Tourism and Exhibitions Authority (BTEA) will be hosting a series of fun-filled activities in celebration of the Kingdom of Saudi Arabia’s 89th...

Instagram Posts and IGTV Videos can now be scheduled through Facebook

Facebook has officially released a new update for its Creator Studio which lets business account holders schedule their Instagram posts and IGTV broadcasts up...

Jaguar Experience Bahrain Ready for the 2019-2020 Season!

Euro Motors Jaguar Land Rover announces the start of the extremely popular and much-awaited Jaguar Experience Bahrain new season at the Bahrain International Circuit...

ZAIN Bahrain hosts Customer Day to boost its customer experience

As part of its commitment to delivering a superior experience to customers, members of the leadership team at Zain Bahrain, a leading telecommunications provider...

Gulf Air Prepares for Its 70th Anniversary Celebrations

On the sidelines of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister’s official...

9 Beauty Hazards People with Oily Skin should Never Commit

Oily skin is a common skin concern among people all over the world. This type of skin can be attributed to a wide range...

Attain your financial credit reports online through Bahrain.bh

Are you planning to get a bank loan? buy a car? apply for a housing loan? or even enter into a business deal? Your...

Children Summer Programmes Conclude

The closing ceremony of the summer entertainment activities at the Sharifa Al-Awadhi Youth and Children Club was held under the patronage of Labour and...

Partnership with Private Sector key to achieving food security

Minister of Works, Municipalities Affairs and Urban Planning, Essam bin Abdulla Khalifa, has stressed that partnership with the private sector is essential for enhancing...

Seated Yoga Poses for Stress Relief

Stress is the new age disease due to the fast paced lives we lead. Just juggling multiple tasks throughout the day keeps us wired...