Reply to this post Now comes the hard part for Lenovo. Lenovo reported a difficult results where market conditions marred what was another quarter of solid execution. FQ3 15A revenues / EBIT were $12.9bn / $379m behind consensus revenues of $13.3bn but nicely ahead of consensus EBIT of $360m. The PC market did most of...
Reply to this post Yahoo’s strategy has McKinsey written all over it. Yahoo reported another lacklustre set of results and its strategic update gave every indication of being written by McKinsey rather than Yahoo. Q4 15A revenues-ex TAC / ADJ-EPS were $1.0bn / $0.13 a bit better than consensus at $948m / $0.12 but still...
Reply to this post Great numbers, bad dependency on Apple. Alphabet reported very strong results as high end users shifting to the iPhone improved Google’s ability to monetise its services. Q4 15A revenues-ex TAC / EPS were $17.2bn / $7.06 compared to consensus at $16.9bn / $6.56 and RFM at $16.2bn / $8.42. Alphabet split...
Reply to this post A slowdown at Alibaba is inevitable. Alibaba reported good FQ3 15A results but there are signs that the outlook going forward will be somewhat slower than the market would like. FQ3 15A revenues / Adj-EPS were RMB 35.5bn (US$5.3bn) / RMB 6.43 (US$ 0.99) comfortably ahead of consensus at RMB 33.0bn...
Reply to this post Microsoft and Amazon have a very different day. Microsoft FQ2 16A. Microsoft reported steady results as Office 365 and cloud services more than offset the weakness in the PC market. FQ2 16A revenues / Adj-EPS were $25.7bn / $0.78 compared to consensus at $25.3bn / $0.71 and RFM at $26.5bn /...
Reply to this post There is a bump in the road ahead. Facebook reported very strong results as revenues from both mobile and fixed saw stronger Q4 seasonality than I had been expecting. This combined with increasing optimism around Facebook’s resistance to a slowing economy sent the shares up 12% in after-hours trading. Q4 15A...
Reply to this post Apple’s slowdown is completely normal and priced in. Apple reported steady Q1 16A results as the ending of the iPhone 6 replacement cycle is making it very difficult to grow revenues beyond their current levels. Q1 16A revenues / EPS were $75.9bn / $3.28 pretty much in line with consensus at...
Reply to this post Twitter could easily trade below $10 per share. Everything is changing at Twitter except the one thing that really matters: its strategy. . Part time CEO Jack Dorsey is cleaning house with 4 senior executives removed and the likelihood of 2 new board members to come. Head of engineering, head of...
Reply to this post Trouble with Oracle gives the perfect excuse to abandon open source. Vast revenues from Android should come as no surprise. Google’s titanic 5 year struggle with Oracle took another twist at the end of last week with Oracle disclosing how much money it thinks Google has made from Android. In justifying...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Music Streaming – Temporary gravy pt. II.
Reply to this post Music label largesse signals a weakening position. Warner Brothers and Sony have both announced that they will share windfall profits that they earn from the streaming companies with artists. This relates to the return that they make from their shareholdings in the streaming companies which many have taken in part payment for...