During Friday’s current trade, Microsoft Corporation (NASDAQ:MSFT)’s shares gained 2.13%, to $47.69.
Fortinet®(FTNT), declared a joint venture with Microsoft (MSFT) to provide high-performance network security for Microsoft Azure. Fortinet’s unrivaled FortiGate-VM next generation firewall assists enable Azure enterprise customers to improve security for their cloud-based workloads and meet security and compliance requirements.
FortiGate-VM is plannedally designed to assist customers better mitigate potential blind spots by implementing critical network security controls counting bi-directional stateful firewalling, intrusion prevention, application control, VPN, together with additional security controls within their Azure Virtual Network.
FortiGate-VM is plannedally designed to assist customers better mitigate potential blind spots by implementing critical network security controls counting bi-directional stateful firewalling, intrusion prevention, application control, VPN, together with additional security controls within their Azure Virtual Network.
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. The company’s Phone Hardware segment offers Lumia Smartphones and other non-Lumia phones.
NVIDIA Corporation (NASDAQ:NVDA)’s shares declined -7.91% to $20.70, during the current trading session Friday’s.
NVIDIA Corporation (NVDA), stated revenue for the first quarter ended April 26, 2015, of $1.15 billion, up 4 percent from $1.10 billion a year earlier and down 8 percent from $1.25 billion the previous quarter.
GAAP earnings per diluted share for the quarter were $0.24, unchanged from $0.24 a year earlier and down 31 percent from $0.35 in the previous quarter. Non-GAAP earnings per diluted share were $0.33, up 14 percent from $0.29 a year earlier and down 23 percent from $0.43 in the previous quarter.
“The importance of visual computing is evident all around us,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “Our expertise in this field enables us to take a leading position to advance deep learning, virtual reality and self-driving cars.
“Our singular focus on visual computing is aligned with some of the most exciting growth opportunities in computing recently,” he said.
Icera Modem Operations
NVIDIA declared on May 5, 2015, that it will wind-down its Icera modem operations in the second quarter of fiscal 2016. It is open to a sale of the technology or operations.
The company estimates that it will recognize restructuring charges in the range of $100 million to $125 million, primarily during fiscal 2016. These charges will comprise of severance and other employee termination benefits, tax expense items and other costs associated with the wind-down, if the company is unable to sell the modem operations.
The Icera wind-down or sale is predictable to benefit non-GAAP operating expenses in the second half of the year and the company will carefully invest in its growth initiatives of deep learning, self-driving cars and gaming. Non-GAAP operating expenses in fiscal 2016 are predictable to be about flat with the previous year, not taking into account litigation costs, which are anticipated to be in the range of $70 million to $90 million as the company defends its intellectual property.
Capital Return
During the first quarter, NVIDIA paid $46 million in cash dividends and repurchased 2.4 million shares. As a result, it returned an aggregate of $99 million to shareholders.
It has declared a 15 percent enhance in its quarterly cash dividend to $0.0975 per share, from $0.085 per share. NVIDIA will pay its next quarterly cash dividend of $0.0975 per share on June 12, 2015, to all stockholders of record on May 21, 2015.
It also has declared an enhance in its intended return to shareholders in fiscal 2016 to $800 million from the formerly stated $600 million, through quarterly cash dividends and share repurchases.
Further, the company’s board of directors has extended the formerly authorized repurchase program through December 2018 and authorized an additional $1.62 billion, for an aggregate of $2.00 billion accessible for repurchase.
NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors. The GPU segment offers processors, which comprise GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla GPU accelerators for researchers, deep learning, and big-data analysts; and GRID for cloud-based streaming on gaming devices.
In an afternoon trade, AT&T Inc (NYSE:T)’s shares climbed 0.84%, to $33.65.
AT&T Inc (T), has invested nearly $70 million in its best-in-class wireless and wired networks in the Deltona-Daytona Beach-Ormond Beach area between 2012 through 2014, driving a wide range of upgrades to enhance reliability, coverage, speed and performance for residents and business customers.
As part of its Project Velocity IP (VIP), an investment plan focused on network enhancement and expansion, AT&T in 2014 made 41 LTE network upgrades and activated a new cell site in the Deltona-Daytona Beach-Ormond Beach area.
“With a growing range of connected home appliances, cars and wearable devices, we depend more on network connectivity than ever before,” said AT&T Florida President Joe York. “AT&T’s continued investment in Deltona-Daytona Beach-Ormond Beach area brings a host of new, innovative opportunities for residents and businesses to connect with each other and their customers.”
“The economic growth and improvement to Florida’s business climate depends on thoughtful innovation and a fast, reliable network,” said Florida Secretary of Commerce Bill Johnson, who serves as president & CEO of Enterprise Florida, the state’s principal economic development organization. “AT&T’s on-going investment provides businesses with the tools necessary to compete and grow, and allows the state’s infrastructure to support the increasing needs of businesses and citizens.”
AT&T provides the nation’s most reliable 4G LTE network recently, covering more than 300 million Americans with 4G LTE service.** AT&T’s network also has the nation’s strongest LTE signal.***
AT&T operates an extensive Wi-Fi network counting more than 34,000 AT&T Wi-Fi Hot Spots at popular restaurants, hotels, bookstores and retailers, and provides access to more than 1 million Hot Spots globally through roaming agreements. Most AT&T smartphone customers and U-verse customers get access to our entire national Wi-Fi network at no additional cost, and Wi-Fi usage doesn’t count against customers’ monthly wireless data plans.****
If the AT&T-DirecTV merger is approved by regulators, the combined companies will have an opportunity to redefine the video entertainment industry by delivering content to consumers across multiple screens – mobile devices, TVs, laptops, the backseat displays of connected cars, and even airplanes. AT&T has also committed to expand and enhance its deployment of both wireline and fixed wireless high-speed Internet to cover at least 15 million customer locations across 48 states – most of them in underserved rural areas.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers. This segment also sells various handsets, wirelessly enabled computers, and personal computer wireless data cards through its owned stores, agents, or third-party retail stores; and accessories, such as carrying cases, hands-free devices, batteries, battery chargers, and other items to consumers, in addition to to agents and third-party distributors. As of December 31, 2014, it served about 120 million wireless subscribers
AOL, Inc (NYSE:AOL), during its Friday’s current trading session gained 10.81% to $43.65.
Today, AOL, Inc (AOL) released first quarter 2015 results recently. “AOL grew its consumer base strongly and saw continued strength in video, mobile and programmatic advertising, while we also updated the structure and capabilities of the company,” said Tim Armstrong, AOL Chairman & CEO. “AOL continues to grow in strength and we are on a mission to scale the first Media Technology company of the internet and mobile age.”
Q1 Merged Trends:
- Revenue grew 7% driven by 12% growth in global advertising and other revenue. Year-over-year comparisons were negatively influenced by $2 million in revenue from Patch in Q1 2014, preceding to its contribution to a joint venture on January 29, 2014. Revenue grew 9% year-over-year on an FX neutral basis.
- Cost of revenues raised $34 million year-over-year, driven by a $46 million enhance in traffic acquisition costs (TAC) associated with the growth of profitable Search and Third Party Properties revenue. Not taking into account TAC, costs of revenues declined year-over-year.
- Adjusted OIBDA declined 3% year-over-year, reflecting declines in Membership Group Adjusted OIBDA and raised investments in AOL Platforms, which offset improved profitability in the Brand Group.
- Diluted EPS was negatively influenced by a $17 million restructuring charge primarily related to a reorganization in our salesforce in Q1 in addition to $10 million of primarily non-cash interest and other expense related to AOL’s outstanding convertible notes and losses from foreign currency transactions.
AOL Platforms
AOL Platforms revenue grew 21% year-over-year, driven by 19% growth in Third Party Properties revenue, reflecting growth in the sale of premium formats, counting video, across our programmatic platform. Revenue growth further reflects the raised adoption of AOL’s programmatic products, which drove growth in revenue from platform access and services fees. Revenue growth also reflects 35% growth in revenue from AOL Properties inventory sold through our programmatic platform.
AOL Platforms Adjusted OIBDA declines reflect raised investments in our video and programmatic platform.
AOL Inc. provides various digital brands, products, and services to consumers, advertisers, publishers, and subscribers worldwide. Its Brand Group segment offers original content produced by journalists, politicians, celebrities, academics, policy experts, freelance writers, and bloggers; curated content; curated and aggregated content from third parties; and user-generated content through AOL.com and The Huffington Post, and related sites, in addition to through Engadget and TechCrunch branded properties. This segment also comprises of other brands, counting Moviefone, Makers, and StyleMePretty, in addition to MapQuest, an online mapping and directions service.
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