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Results roundup: Microsoft, Amazon, Juniper and NetSuite

MicroScope provides a quick snapshot of the quarterly financial results this week: Microsoft, Amazon, Juniper and NetSuite

It’s been a busy week on the financials front, with Microsoft, and Amazon both releasing their results at the close of trade yesterday. Here is a roundup of the week so far.

Microsoft

The Redmond folks released their Q116 results, using its new cloud-focussed reporting structure.

Revenue was down 12% at $20.4bn or 2% at constant currency. Net profit dipped 1% to $4.6bn but after currency headwinds were taken into account, it increased by 11%.

The new and (allegedly) improved reporting structure sees three divisions, rather than six - Productivity and Business Processes, Intelligent Cloud and More Personal Computing.

Productivity and Business Processes, which includes the likes of Office and Dynamics, saw revenue increase 3% to $6.5bn. 

Intelligent Cloud – which is home to Windows Server, SQL Server and Azure - saw revenue of $5.5bn, an 8% increase year over year.

More Personal Computing (Windows, Xbox, Bing et al.) was by far the worst performer, falling by 17% YoY, but still raking in the most revenue at $11.2bn.

All in all, stakeholders were happy with the results and Microsoft’s share price increased to a 15 year high in after hours trading.

Amazon

Microsoft wasn’t the only happy camper in Silicon Valley yesterday. Amazon shares skyrocketed after its second-straight quarterly profit, boosted by its seemingly unstoppable public cloud.

The retail giant reported third-quarter revenue of $25.36bn or 17 cents per share. When it comes to Amazon, investors know that they need to focus their attention on the top line. The big spender has habitually been in the red, but this quarter marked a third consecutive period of profit. Not much of a profit - $73m, but a profit.

The star of the show was once again Amazon Web Services (AWS). The world’s largest public cloud saw revenues almost double year over year to $2.09bn. AWS is on target to become a $7.3bn business for Amazon this year.

NetSuite

Coming out of the billions and back into the millions, NetSuite also announced results for its third quarter ended September 30, 2015.

Total revenue was $192.8m, a very healthy 34% increase year over year.

On a GAAP basis, NetSuite posted a net loss of $37.3m, or 47 cents per share, compared to a net loss of $29.3m in the same period last year. Non-GAAP net income was $2.6m, compared to $8.3m YoY.

"NetSuite posted another great quarter following years of great quarters as we grew revenue year-over-year by 34 percent, our thirteenth consecutive quarter of more than 30 percent year-over-year revenue growth,” said NetSuite CEO Zach Nelson.

A swift southpaw to SAP and Oracle, he added: “Looking across all technology sectors - hardware, software and platforms - if you are a tech company that wasn't born on the Cloud as NetSuite was, you are in a world of trouble. 

Juniper Networks

Juniper Networks today reported preliminary financial results for the third quarter.

The firm reported earnings of $197.7m, or 51 cents per share, on revenue of $1.25bn. This was up 11% from the year ago period and 2% sequentially.

“We delivered another solid quarter of growth, demonstrating our continued momentum across the business and ability to execute our clear and deliberate strategy,” said Rami Rahim, CEO. “We continue to challenge the status quo and bring new product innovations to market that bolster our position as a leader in network innovation. I'm proud of the results our team has yielded and have confidence in our prospects for the future.”

 

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