Microsoft with historical financial report for Q2
The U.S. technology giant Microsoft announced that its annual revenue reached a record 69.94 billion dollars. The sales of video game consoles Xbox 360 and the Programme Office are the main drivers of growth. The net profit of the largest software producer in the world has risen by 23% to 23.15 billion dollars for its financial year. The data exceeded expectations to win and showed that for the fourth quarter the company has grown to a record 1.37 billion dollars to 5.87 billion dollars. The revenues increased by 8% to 17.37 billion dollars, mainly supported by Office, Xbox and server software. Analysts expected sales revenues are up 17.2 billion dollars. While the sales of Microsoft are always strong in the fourth quarter of fiscal year "for them this quarter was stronger than usual," said General Manager of Investor Relations Bill Koufoud. "Xbox just blew it," he added. The company's business division, which includes package Office, has increased sales by 7% to 5.8 billion dollars as its contribution to profit was 3.6 billion dollars. The online services unit reported revenue growth of 16.5 percent to 662 million dollars, but its total loss is about 728 million dollars for investments made for the withdrawal of market share from Google Inc.
BMW with top quarterly report
BMW 5 Series, the flagship BMW 7 Series and BMW X models have the largest contribution to the positive result of the concern. BMW released official information on the results from the first quarter of 2011. The evidence suggests that the company's revenue grew by 28.9% and reached 16.037 billion (2010: 12.443 billion). The financial results for first quarter pre-tax (EBIT) rose to 1.902 billion (2010: 449 million) and profit before tax (EBT) amounted to 1.812 billion (2010: 508 million) net profit from them - 1.212 billion (2010: 324 million).
For the first three months of 2011, sold 321,175 vehicles BMW, which is 20.8 percent more than in the previous year. The new BMW 5 Series, the flagship BMW 7 Series and BMW X models have the largest contribution to this result.
The increase in MINI sales was 22.9%. For the period January to March are generally sold 60,860 cars of this brand. Especially popular among customers is the fourth model of the brand MINI Countryman, whose sales for the period were 16,078.
Disappointing quarterly report from Societe Generale
The second largest public bank in France - Societe Generale, published weaker than expected results for the first quarter of 2011. Net profit of the financial institution for the period was 916 million, down nearly 14 per cent over the same period last year. As the cause highlighted declining interest income. The operating profit of Societe Generale fell by 13.1 percent to 2.243 billion EUR. The expectations of analysts was for net profit of 1.06 billion euros and operating profit at 2.49 billion expected. The revenues of the bank increased the minimum, increasing by 0.6 percent to 6.61 billion in expected to increase to 6.733 billion.
In return on equity is also worsening, as the index is at 8.8 per cent after the first quarter of 2010 was 11.1 per cent. Societe Generale has a network in 83 countries around the world, as problems in the Middle East, North Africa and Ivory Coast have affected significantly the results of the financial institution.
BMW reported 4 times increase of the profit
The Munich-based automobile concern BMW has managed to increase almost four times its profit for the first quarter and thus vulnerable to competition in the high price segment of the Mercedes and Audi. The company is the last major German manufacturer, who presented his results for the first three months of the year. Data show that they were most successful for her as well as its competitors in developing countries and the already established markets like the U.S. and Europe. Furthermore, the Group has managed to sell more limousines and vans, which is the reason for the increase in operating margin of 11.9%. The same indicator for Mercedes is 9.3 percent and for Audi - 10,6%.
"BMW Group started the year strongly", said in the presentation of data CEO Norbert Reithofer. "We achieved record profits and sold more cars per quarter than it was."
The sales of the main brand BMW are up 21% to 321,175 vehicles, thus the concern ahead of Audi and Mercedes. Not see an end to this upward trend - the U.S., the most important export market, the Bavarians have sold considerably more cars than its German competitors in the high segment.
Audi with good start of 2011
Audi is about to show his rear lights of their competitors. Based in Ingolstadt German concern has increased by more than twice its operational profit for the first quarter and it shows much better results than its competitors in the premium segment with an operating return of 10.6%. The rival Daimler has achieved a margin of "only" 9.3 percent and for BMW, who will present his results on Wednesday, analysts expect just under 10%. For the good mood in the Audi care high demand in China - the largest market for concerts, as well as rising sales in the U.S. and Eastern Europe. The crown jewel of Volkswagen sold the first three months with 18% more cars than the same period last year and thus has achieved double digit growth in all markets. For 2011, Audi intends to sell more than 1,2 million cars, then just under 1.1 million sales for 2010. The CEO Axel Shtrotbek also confirmed the objective to significantly improved sales and operating profit.
"The high volatility of major currencies for us and the price development of raw materials continue to bear the risks," warned Shtrotbek. Moreover, the earthquake and nuclear catastrophe Japanese market and that of some other countries may remain collapsed.
Wells Fargo’s profit is increasing
The fourth-largest U.S. bank Wells Fargo reported 48% jump in profit in the first quarter after holding its lending increased and decreased troubled assets. The shares of Wells Fargo, however, cheaper by almost 5% to 28.60 dollars in early trading on the New York Stock Exchange. The net profit of San Francisco-based financial services company rose to 3.76 billion dollars, or 67 cents a share, from 2.55 billion dollars, or 45 cents a share, a year ago. The revenues in the first quarter but fell by 5.2 percent annually to 20.3 billion dollars. The market forecasts were for net profit per share from 66 cents to 21.2 billion dollars.
"While the economy continues its uneven recovery, our business customers increased withdrawals and loans using lines of credit - a reliable sign that businesses are again investing for growth," said president and CEO of Wells Fargo, John Stumpf in a statement. The consumers, however, "continue to fluctuate in the drawing of new loans," he said. The net interest margin for the bank declined to 4.05 percent for the quarter from 4.27 percent a year earlier.
Visa reported 16% profit growth in the last quarter of 2010
The American company Visa announced the profit growth of 16 percent in the fourth quarter of 2010 on an annual basis. This is a signal that consumers begin to spend again, which in turn gives arguments that the economy has stabilized. The volume of transaction cards issued by Visa, increased by 14 percent during the quarter to 30 September. These are the most recent data that has card operator. The Visa's Earnings for the fourth quarter of 2010, the first for the fiscal year for the company is 884 million dollars or 1.23 dollars per share of Class A. For the same period last year the company achieved a profit of 763 million dollars or 1.02 dollars per share. The company's revenues amounted to 2.24 billion dollars. The number of transactions in the company's network even has jumped by 15 per cent. The preliminary estimates of analysts was for profit of 1.21 dollars per share and revenue of 2.23 billion dollars. Shares of Visa declined in increased trading period, since in the regular session, rose 2 percent to 72.09 dollars a share.
Assets sale increased the profit of AIG to 11.2 billion USD
The U.S. insurance giant - American International Group (AIG), announced that the net profit of the company jumped to 11.2 billion dollars in the fourth quarter of 2010. This happened due to assets sale. The increase in profit is due to the sale of several business units of AIG, and the initial public offering (IPO) of its life insurance subsidiary AIA Group in Asia. They bring to the company's revenue about 17.6 billion dollars. Through the sale of the AIG assets made the next step towards the recovery of the loan, which was obtained from the U.S. government at the height of the financial crisis in autumn 2008. If, however, exclude gains or losses from sale of business units, and other one-off effects from the sale of assets, AIG realized an operating loss after tax of EUR 2.2 billion compared with a loss of 1.3 billion dollars same period in 2009. Its shares rose by 1 percent to 40.84 dollars after the regular session of the New York Stock Exchange. Their price was raised by 72% over the past 12 months, but the beginning of this year fell by 16 per cent. AIG, which nearly went bankrupt in 2008, plans big stock sale this spring in order to pay the U.S. government, which holds 92% of its capital. The government will also sell part of its share through the planned IPO. On January 14th, AIG paid to the regional branch of the Federal Reserve in New York part of its debt to the state amounting to 21 billion dollars.
The shares of Xerox decreased with 8% after disappointing report
The company engaged in production of copying machines and office supplies Xerox announced a profit of 171 million dollars, or 12 cents per share for the fourth quarter of 2010. This disappointed the markets and its shares sank more than 8 percent in trading on the stock exchange in New York. Xerox's revenues have increased by 42 percent to 5.98 billion dollars. With the main merit of this are revenues from services, outsourcing and rentals, which have jumped from 2.05 billion dollars for the last three months of 2009 to 3.75 billion dollars for the same period of 2010. In the last quarter of 2009, Xerox had profits of 180 million dollars, or 20 cents a share. Income does have amounted to 4.22 billion dollars. The expectations of analysts was for profit of 28 cents per share, on revenue of $ 6 billion. For the first quarter of this year the U.S. company expects profit in the 20-22 cents per share, for the entire year 2011 is between 1.05 to 1.10 dollars per share. This coincides with the expectations of analysts that forecasts of FactSet.
Caterpillar increased anual profits strongly
The profit of American company Caterpillar, which is the largest manufacturer of construction equipment in the world has increased fourfold in the fourth quarter of 2010 due to increased demand for heavy machines worldwide. The company management said it expected a profit of nearly $ 6 per share this year, which exceeded market expectations. The President and CEO of Caterpillar Doug Oberhelman said the expected improvement in sales this year because of "continued growth in emerging markets, improved economies in North America and Europe and strong demand for mining products." The strong quarterly reports on Caterpillar and the recent optimistic forecasts made by several large manufacturing companies in the U.S. show that momentum in the industrial sector will continue, which bodes very beginning of 2011 for equipment manufacturers like Caterpillar. The Caterpillar's revenue improved dramatically last year after the construction and mining companies have begun to renew their equipment after cost cuts in 2009. Caterpillar has taken several important acquisitions last year, including, for 7.6 billion dollars the company's mining equipment Bucyrus International in November. Caterpillar's net profit increased to 968 million dollars in the fourth quarter, or 1.47 dollars per share, compared with 232 million dollars, or 36 cents a share, a year ago.
Categories
- American Companies
- Asian Companies
- Australian Companies
- European Companies
- Half Year Report
- Monthly Report
- Quarter Reports
- Yearly Report
Useful Links
Calendar
Recent Comments
- zaki on Unilever with unexpected high profit
- alam on Unilever with unexpected high profit
- Tailynn on Veolia with a profit jump of 44 percent for the year 2009
- Alina Thornton on AT&T hardly increased its profit in the first quarter
- Darrell Hardaway on Adidas with profit increase with the support of the World Cup