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July 22, 2014
15:07 EDTMSFT, CRM, SAP, CAJ, CSCOEarnings Preview: Microsoft to report after Nadella makes big job cuts
Microsoft (MSFT) is scheduled to report results of its fourth fiscal quarter after the market close on Tuesday, July 22, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets hardware including the Xbox entertainment system, the Surface tablet and Nokia branded smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 60c on revenue of $23.0B, according to First Call. The consensus range for EPS is 55c-66c on revenue of $22.24B-$23.5B. On its last earnings call, Microsoft said it sees Q4 devices & consumer licensing revenue $4.1B-$4.3B, Q4 commercial licensing revenue $13.1B-$13.3B, Q4 operating expenses of $8.4B-$8.6B and Q4 capital expenditures of $1.5B. LAST QUARTER: On April 24, Microsoft reported third quarter EPS of 68c, beating the consensus analyst forecast of 63c. It's revenue came in at $20.4B, nearly matching estimates for $20.39B. Microsoft reported that Q3 its devices and consumer revenue grew 12% to $8.3B, commercial revenue rose 7% to $12.23B, that Windows volume licensing revenue grew 11% and that Office 365 revenue grew over 100% and that commercial seats nearly doubled. NEWS: Less than a week ago, Microsoft announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy. The steps will result in the elimination of up to 18,000 positions over the next year, with about 12,500 of those potential job eliminations coming in the Nokia business acquired by Microsoft in April. The company expects to incur pre-tax charges of $1.1B-$1.6B over the next four quarters, including $750M-$800M for severance and related benefit costs, and $350M-$800M of asset-related charges, but has not yet laid out what it expects to save as a result of the restructuring. Throughout this quarter, Microsoft has announced new or expanded deals or partnerships with SAP (SAP), Salesforce.com (CRM), Canon (CAJ) and Cisco (CSCO). STREET RESEARCH: On the day after Microsoft's last quarterly report, Bernstein said it believes that Microsoft's Q3 results indicate that the company is performing well. The firm thinks the company's cloud initiatives are starting to positively impact its results and it expects investors to start to focus on the company's cloud business. The firm raised its price target on the stock to $49 from $47 at that time and kept an Outperform rating on the shares. Similarly, Credit Suisse reiterated its Outperform rating on Microsoft that day and raised its price target to $47.50 following the Q3 report. The firm said the key takeaway was Office 365 momentum, which it viewed as a major positive. On June 5, FBR Capital upgraded Microsoft to Outperform from Market Perform, citing confidence in new CEO Satya Nadella's plan for the future and the company's "strong" cloud offerings. FBR raised its price target for shares to $49 from $43 to reflect its sum-of-the-parts analysis. On July 15, two days before Microsoft detailed the specifics of its restructuring, Nomura raised its price target on Microsoft to $50 from $45, saying at the time that it expects "bold organizational changes" to restore a culture of innovation. The firm cited the cultural change, combined with potential share buybacks and a headcount reduction, in reiterating its Buy rating on the stock. PRICE ACTION: Since the day after its last report, Microsoft has advanced about 12%. In afternoon trading ahead of tonight's report, Microsoft shares are fractionally lower near $44.67.
News For MSFT;CRM;SAP;CAJ;CSCO From The Last 14 Days
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October 16, 2014
06:00 EDTMSFTMicrosoft says working with YouTube to reinstate content inadvertently removed
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October 15, 2014
09:04 EDTMSFTMicrosoft partners with Docker for container applications
Microsoft and Docker Inc. announced a strategic partnership to provide Docker with support for new container technologies that will be delivered in a future release of Windows Server. Developers and organizations that want to create container applications using Docker will be able to use either Windows Server or Linux.
06:39 EDTMSFTChina's reponse to Xbox One 'chilly,' Business Insider reports
Sales of Microsoft's Xbox One in China began nearly two weeks ago, and signs indicate that the response has been "chilly," Business Insider reports. Reference Link
06:32 EDTMSFTTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:15 EDTCSCOCisco lays off 900 in San Jose area, Silicon Valley Business Journal says
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October 14, 2014
15:24 EDTSAPIBM, SAP partner to accelerate Enterprise Cloud adoption
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09:25 EDTMSFTMicrosoft may want to consider split, says BGC Financial
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06:46 EDTMSFTFirm indicates vulnerability in Microsoft Windows used by Russian hackers
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06:32 EDTMSFTMicrosoft says hit 1M registrants to test Windows 10 preview version
Microsoft says on its Windows blog that it hit 1M registrants for the Windows Insider Program to test the preview version of Windows 10. The company says it has received 200,000 items of user feedback. Reference Link
October 13, 2014
16:33 EDTMSFT, CRMMicrosoft and Salesforce.com unveil new joint solutions
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16:04 EDTMSFTSkullcandy announces two ASTRO headsets compatible with Xbox One
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15:33 EDTSAPSAP announces SAP Cloud for Planning solution
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14:35 EDTCRMSalesforce launches analytics cloud
Salesforce earlier today announced Wave, Salesforce Analytics Cloud. Wave is the first cloud analytics platform designed for every business user, making it easier than ever for anyone to explore data, uncover new insights and take action instantly from any device, the company stated. Companies can now quickly deploy sales, service and marketing analytics, or build custom mobile analytics apps, using any data source, Salesforce added.
13:10 EDTMSFTGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
10:43 EDTCRMSalesforce.com October volatility elevated into executive Q&A with Marc Benioff
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09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
07:38 EDTCRMSalesforce to hold a conference
Dreamforce 2014 is being held in San Francisco on October 13-16.
07:15 EDTMSFTNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:20 EDTCSCO, CRMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
08:34 EDTSAPSAP CEO refutes Boerse Online, says business 'never stronger,' Reuters reports
In response to a report published by German website Boerse Online that quoted SAP sources as saying fourth quarter orders were below expectations, SAP CEO Bill McDermott told Reuters: "Our business has never been stronger. We have a fine, fine company and we are doing all the right things for our customers." McDermott also dismissed Boerse fueled speculation over cost cutting, telling Reuters, "We are investing, we are hiring, we have lots of things that we are doing to grow our company." Reference Link
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