Q4Earnings
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Verizon releases Q4 results, sees jump in revenue, broadband subscribers, net loss
Verizon has just come out with its Q4 results this morning, ending the fiscal year with yet another solid revenue report, and a decidedly less rosy net loss. According to the provider, total revenue reached $18.3 billion during the final quarter of 2011, up 13 percent from last year. Verizon saw a particularly notable spike in data revenue, which reached $6.3 billion, representing a 19.2 percent increase over the year, and comprising nearly 42 percent of all revenue. Overall, though, VZW finished the quarter with a net loss of $2.02 billion, compared to the $2.64 billion profit it saw last year. The company also saw an increase in its subscriber base, adding 98,000 broadband customers in the span of a quarter, including 201,000 FiOS internet users, 194,000 new FiOS video subscribers, and a net addition of 1.2 million postpaid customers. As far as demographics go, smartphones now comprise a full 44 percent of Verizon's consumer base, up from 39 percent last quarter. For the full year, total revenue finished at $70.2 billion, up 10.6 percent from Big Red's 2010 figures. For more stats and breakdowns, check out the full PR after the break.
HP releases Q4 2011 earnings: $9.7 billion operating profit for fiscal year
It hasn't been the best year for HP, what with the demise of webOS and the uncertainty surrounding its status as a PC maker. But, Meg Whitman hasn't taken the bridge of a sunken ship, though things are far from peachy keen. HP just posted its Q4 2011 earnings, and the company cleared a healthy $9.7 billion operating profit in 2011, though that's down 10 percent from last year. Total revenue for the quarter was 32.1 billion, a three percent decline from 2010. And, for those wondering just how much the death of webOS cost the company? Turns out that dalliance took a $3.3 billion chunk out of HP's bottom line. So, the news isn't the best for you HP fans, but we'll be listening in on the earnings call later today, so stay tuned for more details. Impatient folks can find plenty more financial figures in the Source link and PR that follow. Update: CEO Meg Whitman and CFO Cathie Lesjac were on the call, and while specifics were hard to come by, they did let loose a couple hints regarding the company's future direction. Meg once again assured us all that HP and PSG are meant to be together, so the king of PC makers plans to keep its crown. Additionally, both bigwigs stressed that the company will be plowing more of its money in 2012 into R&D to foster "organic innovation" instead of buying it through outside acquisitions. Given the massive case of buyer's remorse HP had this year, that's probably a pretty good idea.
Apple Q4 earnings fall short of expectations: $28.27 billion in revenue, $6.62 billion net profit
Apple's earnings for Q4 2011 are out, and the company has fallen short of expectations. It still managed to rake in $28.27 billion in revenue during the quarter -- up from $20.3 billion in Q4 2010 -- but that's quite a bit shy of the $29.6 billion or so analysts were counting on. Net profits came in at $6.62 billion, up considerably from the $4.3 billion seen in the same quarter last year, and Apple notes that it is indeed still a record quarter. In terms of products, the company announced that 17.07 million iPhones were sold in Q4 (a 21 percent jump from a year ago), along with 11.12 million iPads (a whopping 166 percent increase year-over-year), 4.89 million Macs (a 26 percent jump), and 6.62 million iPods (once again the one area that continues to decline, now down 27 percent from a year ago). Apple's cash pile on hand also continued to swell during the quarter, and now stands at around $84 billion. Press release is after the break.
