Microsoft reports first YoY revenue slide in company history

By on April 24, 2009 at 3:09 PM.

Microsoft reports first YoY revenue slide in company history

This past Wednesday Apple reported a very solid quarter due to growing iPhone and iPod sales that provided enough revenue to diminish its waning personal computer sales. Unfortunately it looks like Microsoft had no such cushion. For the first time in the company’s storied 23-year history, Microsoft reported a year over year slide as Q3 FY09 revenue declined 6 percent to $13.65 billion. Net income slid as well, down a disheartening 32 percent YoY to $2.98 billion. While enterprise revenue remained stable in the quarter, the company cited “weakness in the global PC and Server markets” in rationalizing its poor Q3 performance. So when might things pick up in Redmond? Microsoft admittedly has a lot riding on Windows 7, beta versions of which have been received with open arms by developers and end users alike. With resoundingly positive feedback from beta testers so far, Microsoft could be able to revive stagnant sales on the back of its new OS. According to the company, Windows 7 is still on track for a release in FY10.

[Via NYT]

Read

15 Comments

Apple's Q2 FY09 is in: 6 percent growth YoY

By on April 22, 2009 at 5:19 PM.

Apple's Q2 FY09 is in: 6 percent growth YoY

‘Tis the season and with the financial world standing at attention, Apple has just made its Q2 results for the fiscal year 2009 public. Despite a few who speculated that Wall Streets projections could be a bit of a reach in some areas, Apple managed to surpass projections just about everywhere. Starting with revenue, Apple pulled down $8.16 billion representing a solid 6 percent growth year over year. Profits were up YoY as well, from $1.05 billion in Q2 FY08 to $1.21 billion in Q2 FY09. As far as shipments are concerned:

  • Mac computers: 2.2 million units, 3 percent decline YoY
  • iPods: 11.01 million units, 3 percent growth YoY
  • iPhones: 3.79 million units, 123 percent growth YoY

While Mac sales are the obvious low point for Apple, shipments still managed to beat the Street’s consensus by about 100k. The high point of course is the iPhone which, as we all know, is a revenue making machine. iPod sales were also a highlight of course, with Apple beating the Street by a cool million units shipped.

Read

36 Comments