On Tuesday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.63% to $114.55.
Apple, declared financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent contrast to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
The growth was fueled by record fourth quarter sales of iPhone®, the expanded availability of Apple Watch®, and all-time records for Mac® sales and revenue from services.
Apple is providing the following guidance for its fiscal 2016 first quarter:
- revenue between $75.5 billion and $77.5 billion
- gross margin between 39 percent and 40 percent
- operating expenses between $6.3 billion and $6.4 billion
- other income/(expense) of $400 million
- tax rate of 26.2 percent
Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on November 12, 2015, to shareholders of record as of the close of business on November 9, 2015.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Cadence Design Systems Inc. (NASDAQ:CDNS), inclined 1.87% to $21.75, during its last trading session.
Cadence Design Systems, declared results for the third quarter of fiscal year 2015.
Cadence stated third quarter 2015 revenue of $434 million, contrast to revenue of $400 million stated for the same period in 2014. On a GAAP basis, Cadence recognized net income of $78 million, or $0.25 per share on a diluted basis, in the third quarter of 2015, contrast to net income of $38 million, or $0.12 per share on a diluted basis, for the same period in 2014.
Using the non-GAAP measure defined below, net income in the third quarter of 2015 was $89 million, or $0.28 per share on a diluted basis, as contrast to net income of $80 million, or $0.26 per share on a diluted basis, for the same period in 2014.
Business Outlook
For the fourth quarter of 2015, the company anticipates total revenue in the range of $434 million to $444 million. Fourth quarter GAAP net income per diluted share is predictable to be in the range of $0.20 to $0.22. Net income per diluted share using the non-GAAP measure defined below is predictable to be in the range of $0.28 to $0.30.
For 2015, the company anticipates total revenue in the range of $1.695 billion to $1.705 billion. On a GAAP basis, net income per diluted share for 2015 is predictable to be in the range of $0.75 to $0.77. Using the non-GAAP measure defined below, net income per diluted share for 2015 is predictable to be in the range of $1.06 to $1.08.
Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.