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News Breaks
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 21, 2014
07:45 EDTCRM, MSFTMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:40 EDTCRMForrester: Adobe becomes marketing cloud leader, VentureBeat reports
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October 20, 2014
15:20 EDTMSFTMicrosoft confirms availability of Cloud Platform System, powered by Dell
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12:09 EDTSAP, MSFTIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:38 EDTSAPHigh option volume stocks
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08:44 EDTSAPIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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08:00 EDTMSFTRBC Capital remains positive on Microsoft
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07:16 EDTCAJAmerican Academy of Ophthalmology to hold annual meeting
AAO Annual Meeting 2014 is being held in Chicago on October 18-21.
07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
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05:23 EDTSAPSAP cuts FY14 operating profit view to EUR 5.6B-EUR 5.8B from EUR 5.8B-EUR 6B
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05:16 EDTSAPSAP reports Q3 Non-IFRS EPS EUR 0.84 vs EUR 0.78 last year
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October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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09:31 EDTCSCOCisco namnes Bernadette Wightman President of Cisco Cananda
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08:06 EDTCSCOCisco, Sensity Systems announce strategic relationship
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07:44 EDTCRMSalesforce.com moving in right direction in every way, says Canaccord
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06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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October 16, 2014
07:57 EDTSAP, CRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link
06:00 EDTMSFTMicrosoft says working with YouTube to reinstate content inadvertently removed
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