On Friday, Microsemi Corporation (NASDAQ:MSCC)’s shares declined -9.32% to $32.40.
Microsemi Corporation (MSCC) a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, recently stated unaudited results for its second quarter of fiscal year 2015 ended March 29, 2015.
Net sales for Microsemi’s second quarter of fiscal year 2015 were $296.2 million, up 3.2 percent from the second quarter of 2014. Gross margin on both a GAAP and non-GAAP basis for the second quarter of 2015 was 57.1 percent.
GAAP gross margin improved 170 basis points from 55.4 percent stated in the first quarter of 2015 and improved 530 basis points from 51.8 percent stated in the second quarter of 2014. GAAP operating margin improved 210 basis points to 11.9 percent from 9.8 percent stated in the first quarter of 2015 and improved 940 basis points from 2.5 percent stated in the second quarter of 2014. GAAP net income for the second quarter of 2015 was $24.9 million or $0.26 per diluted share contrast to a loss of $6.8 million or $0.07 per diluted share for the second quarter of 2014. Operating and free cash flow for the second quarter of 2015 were a record of $69.5 million and $58.2 million, respectively.
Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia.
Infosys Ltd ADR (NYSE:INFY)’s shares dropped -9.01% to $31.81.
Infosys Ltd ADR (INFY) would like to clarify that the record date for the bonus issue is projected by the company and will be reconfirmed upon the approval of the shareholders. In addition, we would also like to confirm that the book closure date for the purpose of Annual General Meeting and Final Dividend is June 17, 2015 (not June 17, 2015 to June 22, 2015 as mentioned earlier).
Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Its solutions comprise business IT services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services compriseing of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
At the end of Friday’s trade, Xerox Corp (NYSE:XRX)‘s shares dipped -8.75% to $11.99.
Xerox Corp (XRX) declared first-quarter 2015 adjusted earnings per share of 21 cents. Adjusted EPS excludes 5 cents related to the amortization of intangibles, resulting in GAAP EPS from ongoing operations of 16 cents.
In the first quarter, total revenue of $4.5 billion was down 6 percent or 2 percent in constant currency. Revenue from the company’s Services business, which represented 56 percent of total revenue, was $2.5 billion, down 3 percent or up 1 percent in constant currency. Services margin was 7.5 percent, down 1.1 percentage points, primarily due to higher costs in our legacy Health Enterprise platform implementations.
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
Herbalife Ltd. (NYSE:HLF), ended its Friday’s trading session with -8.36% loss, and closed at $41.10.
Herbalife Ltd. (HLF) will be in Washington, D.C. to educate their congressional representatives about Herbalife and how their lives have been improved since becoming involved with Herbalife. The members are visiting Washington, D.C. from California, Illinois, Louisiana, North Carolina, Maryland, South Dakota, and Tennessee.
Herbalife Ltd., a nutrition company, develops and sells weight administration, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products.
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