Microsoft Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015
Apr 23 15
Microsoft Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported revenue of $21,729 million, operating income of $6,594 million, income before income taxes of $6,517 million, net income of $4,985 million or $0.61 per diluted share against revenue of $20,403 million, operating income of $6,974 million, income before income taxes of $6,957 million, net income of $5,660 million or $0.68 per diluted share a year ago. Net cash from operations was $9,570 million against $10,099 million a year ago. Additions to property and equipment were $1,391 million against $1,192 million a year ago. These financial results include $190 million of integration and restructuring expenses, or a $0.01 per share negative impact, related to Microsoft's restructuring plan announced in July 2014 and the ongoing integration of the Nokia Devices and Services (NDS) business. Operating income declined 5%. Adjusting for both integration and restructuring expense as well as the negative $87 million impact from FX, operating income declined 1%. Earnings, adjusted for restructuring costs, came to 62 cents per share.
For the nine months, the company reported revenue of $71,400 million, operating income of $20,214 million, income before income taxes of $20,263 million, net income of $15,388 million or $1.86 per diluted share against revenue of $63,451 million, operating income of $21,277 million, income before income taxes of $21,243 million, net income of $17,462 million or $2.08 per diluted share a year ago. Net cash from operations was $22,264 million against $22,717 million a year ago. Additions to property and equipment were $4,163 million against $4,155 million a year ago.
The company expects fourth quarter tax rate to be 22% to 24%. In fourth quarter, it expects CapEx to sequentially increase in support of growing cloud business. And it expects unearned revenue will grow sequentially, in line with historical seasonality, excluding the foreign currency impact.
Sphere 3D Corp. and Microsoft to Showcase Virtualization and Cloud Solutions
Apr 23 15
Sphere 3D Corp. announced that, in collaboration with Microsoft, the company will showcase its technologies and product solutions during a joint global partner roadshow that will be hosted at multiple Microsoft Technology Center (MTCs) locations. During these events, Sphere 3D will present its cloud-enabling technologies, including Glassware 2.0 Windows container technology for application delivery, and virtualized storage technologies for enterprise hybrid cloud infrastructure, to a combined audience of Microsoft and Sphere 3D channel partners. Sphere 3D and Microsoft have confirmed the schedule for the events at the Microsoft Technology Center in Silicon Valley/Mt. View, CA on May 20, 2015, and in New York on May 27, 2015. Dates for the events in London and Toronto will be announced shortly.
Microsoft Announces Changes to its Office 365 Suite of Cloud-Based Applications
Apr 21 15
Microsoft announced changes to its Office 365 suite of cloud-based applications designed to allay fears over who has control over the security of the content. Amid the increasing cyber security threat customers are requesting greater transparency from their providers, more control of their data and cutting edge security features. At RSA, the company announced that Office 365 will now include a ‘Customer Lockbox’ feature that puts customer organizations in control when Microsoft employees gain access to their data, requiring prior customer permission. The capability will be turned on by the end of the year for exchange Online e-mail and for SharePoint Online by the end of the first quarter of 2016. The company said it is extending its file-level encryption of data at rest in Office 365 to Exchange e-mail; previously, only files in SharePoint had file-level encryption. The company also announced Device Guard, a new Windows 10 security feature that will allow enterprises to lock down their desktops so they are ‘incapable of running anything other than trusted apps.’ The company also announced enhanced activity logs of users, admin and policy related actions, which customers can tap into and use as security and compliance signals.
Microsoft to Launch First Store Outside US in Sydney
Apr 21 15
Microsoft announced that it will open its first store outside the United States in Sydney, as the company expands its physical footprint to take on global rivals Apple and Samsung. The shop, to be located in Sydney's main Pitt Street shopping district. The store will be just several hundred metres from Apple's shop and a Samsung outlet, and will reportedly take up 581 square metres (6,254 square feet) over two floors.
KPMG Collaborates with Microsoft
Apr 17 15
KPMG announced an expansion of its strategic relationship with Microsoft to include a global collaboration to jointly deliver new suites of innovative solutions and services in data and analytics, cloud compliance and transformation, and business solutions. The new strategic collaboration, based on Microsoft's Azure, Dynamics and data platforms, will allow Microsoft and KPMG member firms to work together to develop and deploy solutions and services that will help address the disruptive challenges topping the Board agenda.