Microsoft Corporation (MSFT) made generally accessible its new Word, Excel and PowerPoint apps for Android phones. Zdnet
Microsoft made its Office apps generally accessible for Android tablets starting in January 2015. A number of Android tablet makers will be bundling Microsoft’s Office apps on various devices.
The Office apps for Android phones are accessible for free with no Office 365 subscription requirement for those who only want to do light-weight creation, viewing and editing. To unlock more functionality, users need an Office 365 subscription.
After Jefferies reduced its 2016 earnings estimates to $1.94 per share from $1.96, with 2017 earnings estimates lowered to $2.47 from $2.49 per share. Thestreet
The firm maintained its “underperform” rating and a price target of $38 on the stock.
“We continue to see downside risks to PC forecasts and expect the PC market to stay ‘lower for longer’,” Jefferies analysts said.
Additionally, Microsoft Corporation (MSFT) believed that Windows 10 revenue will be deferred and recognized over a period of time; however, the firm does not see the underlying economics of Windows have changed and believes that PC market is still challenged, Jefferies added.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Its Computing and Gaming Hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories.
BlackBerry Limited (BBRY) signaled on Tuesday that its efforts to transform itself into a software company focused on mobile security are on track, though its financial results continued to show signs of strain. WSJ Report
Stung by the dramatic drop in fortunes of its smartphone business, the Canadian company is betting on device-administration software and phones aimed at a niche business-customer market.
Overall revenue tumbled 32% from a year earlier to $658 million in the quarter ended May 30 from $966 million a year earlier. Analysts were expecting $683 million, according to Thomson Reuters.
The company said Tuesday that it had 2,600 customer contracts for BES12 and other software in the latest quarter. That comprised of upgrades from earlier software versions.
BlackBerry has set a target of $500 million in software sales for its current fiscal year.
BlackBerry said it recognized hardware revenue on fewer devices in the latest quarter—1.1 million devices as compared to 1.3 million in the fourth quarter—but achieved a higher average selling price of $240 for each device, up from $211 in the fourth quarter. It signed new device-manufacturing outsourcing agreements with Wistron Corp. and Compal Electronics Inc. to complement its existing deal with Foxconn Technology Group. Those deals are allowing it to further cut smartphone production costs to assist make the device business profitable.
BlackBerry said it is still targeting “sustainable non-GAAP profitability” sometime in its current fiscal year. The company said its cash pile raised by $50 million to $3.32 billion at the end of the latest quarter.
BlackBerry Limited (BBRY)‘s administration also lowered its overall fiscal 2016 software-related sales expectations to $500 million from $600 million due to lower BBM expectations, analysts said.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
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