Print
EMail
A quick look around the just opened Flatbush, Brooklyn location of
Round Rock, Texas — Dell posted a revenue drop and net income decrease for both its fourth quarter and 2013 fiscal year.
Revenue was down 11 percent to $14.3 billion for the fourth quarter, ended Feb. 1, and suffered an 8 percent fall off to $62 billion for the year, the company said. Net income (GAAP) for the respective periods was down 31 percent to $530 million and 32 percent to $2.3 billion year over year.
Operating income (GAAP) was also off 25 percent down to $698 million for the quarter and down 32 percent to $3 billion.
Connect
Santa Clara, Calif. — Rovi turned a net profit on lower sales in its fourth quarter, ended Dec. 31, 2012.
Rovi reported fourth-quarter GAAP revenue of $157 million, compared with $174.3 million in the fourth quarter of 2011.
Fourth-quarter 2012 GAAP net income was $2.1 million, compared with a GAAP net loss of $49.3 million for the fourth quarter of 2011.
Last year’s fourth quarter included a $40.6 million impairment charge to reduce the carrying value of the intangible assets of the Roxio consumer software business to fair value less costs to sell.
Santa Ana, Calif. — Ingram Micro reported record quarterly sales in the fourth quarter, but slightly lower net and operating incomes.
For the quarter ended Dec. 29, 2012 worldwide sales were $11.38 billion were an all-time quarterly record, increasing 14 percent in U.S. dollars when compared with $9.95 billion in the fourth quarter last year.
Miami — No-contract cellular MVNO TracFone Wireless posted double-digit percentage gains in revenues in the fourth quarter and full 2012 fiscal year on faster subscriber growth in both periods compared with the year-ago periods, owner America Movil reported.
Revenues grew 30.8 percent in the quarter to $1.36 billion and 25.7 percent for the year to $4.8 billion. Fourth-quarter subscriber gains hit 753,000 compared with the year-ago 493,000, and full-year net additions hit 2.63 million, up from more than 2 million in the previous year.
Kawasaki, Japan — Plummeting home electronics sales in Japan and falling sales of optical-disc drives yielded a third-quarter operating and net loss at Pioneer.
The company also announced plans to lay off 800 regular and temporary employees in Japan, reduce the salaries of officers and employees, and realign the home A/V business with related businesses to spin them off to create a new, leaner company.
The related businesses will presumably include the company’s DJ business. Addition details of the spin-off plan were unavailable.
Amsterdam – TomTom returned to profitability in 2012, with a fourth quarter operating profit and a net profit for the year.
But the company reported that revenues fell in the fourth quarter by 19 percent to 289 million euros and by 17 percent for the full year to 1.06 billion euros.
Net profits for the quarter hit 99.5 million euros, up 744 percent, and for the full year hit 129.2 million euros, compared to a full-year 2011 net loss of 439 million euros.
Operating profits in the quarter were up 137 percent to 24.6 million euros.
Overland Park, Kan. – Sprint’s wireless operating losses grew in the fourth quarter and 2012.
Churn remained “elevated,” and the wireless subscriber base shrank for the second consecutive quarter even as the carrier’s iPhone sales accelerated in the quarter, the company’s financial report shows.
Tokyo – Sony Electronics reported higher net sales, an operating profit and lower net loss in its fiscal third quarter, but TV and video game sales were still down.
Sales were 1,948 billion yen ($22.4 billion) in its quarter, ended Dec. 31, 2012, an increase of 6.9 percent year on year, but sales decreased significantly primarily in the home entertainment and sound segment, resulting from a decrease in LCD television unit sales, and in the game segment.
Shizuoka, Japan — Yamaha said its nine-month audio sales in North America and in emerging economies grew in the nine months ending Dec. 31, 2012.
The performance contributed to a 1.2 percent gain in global consolidated sales to 273.9 billion yen.
Overall operating profit, however, fell 5.1 percent to 10.4 billion yen, although net income rose 63.6 percent to 4.5 billion yen.
Audio sales worldwide posted a “slight drop” because of declining sales in Japan and Europe, said the company, which didn’t disclose additional audio-sales details.
Taoyuan, Taiwan – HTC posted double-digit percentage declines in sales, operating profits and net profits in the fourth quarter and full fiscal 2012.
During the quarter, net profits fell at a double-digit percentage rate for the fifth consecutive quarter, and revenues fell at a double-digit rate for the fourth consecutive quarter.
Use of this website is subject to its Terms of Use | Privacy Policy
If you are having trouble accessing TWICE content or wish to subscribe to TWICE Online please email customercare@mypressplus.com or call 866-71-PRESS (866-717-7377).
