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Microsoft earnings slip on soft computer sales SAN FRANCISCO: Microsoft on Thursday reported quarterly profit slipped as lifestyles continued to shift from personal computers to mobile devices and Internet cloud software.The US software giant said that it made a profit of $5.66 billion on $20.4 billion in revenue in the three months that ended on March 31, a slight dip from the $6 billion in net income it took in on $20.5 billion in revenue during the same period a year earlier.While down slightly year-over-year, the quarterly earnings figures beat Wall Street expectations, bumping Microsoft shares more than two percent to $40.79 in after-market trading."This quarter's results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world," Microsoft chief executive Satya Nadella said in the earnings release."We are focused on executing rapidly and delivering bold, innovative products that people love to use."Nadella added that Microsoft is making progress in ...


Caterpillar posts higher first-quarter profit, raises outlook NEW YORK: Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook, citing a stronger-than-expected rebound in sales to the construction industry.The news sent shares in the world's largest maker of earth-moving machinery up as much as 4 percent though the stock, which has outperformed the S&P 500 so far this year, gave back more than half those gains by early afternoon.The results were also lifted by continued ...

April U.S. auto sales to rise 8.5pc: J.D. Power, LMC DETROIT: U.S. auto sales will rise 8.5 percent in April from a year ago as spring weather entices consumers to look at new products, industry research firms J.D. Power and LMC Automotive said on Thursday.The annualized sales rate for April was forecast at 16.1 million vehicles, the firms said, with total sales at 1.395 million vehicles.Edmunds.com, another research firm, said on Thursday that April auto sales would rise 9.1 percent to 1.4 million vehicles, for ...

Gucci's sales growth remains sluggish in Q1 PARIS: Gucci's sales growth remained sluggish in the first three months of the year, hit in part by the brand's upmarket repositioning and the clean-up of its wholesale distribution network.The Italian brand, which represents the bulk of valuation for parent Kering, on Thursday posted a 0.3 percent rise in like-for-like sales for the first quarter, broadly in line with analysts' expectations.In a conference call with journalists, Kering Finance Director Jean-Marc Duplaix said Gucci's sales in ...

GM posts lower profit after recall; outlook for rest of year trimmed DETROIT: General Motors Co's first-quarter profit tumbled 88 percent on Thursday due to the massive recall for defective ignition switches, and shares fell 1.3 percent after the company said expectations for the rest of the year must be trimmed.While the company's results topped expectations on strong pricing for its redesigned pickup trucks in North America, it did not raise its full-year outlook by a corresponding amount.GM said in January its 2014 earnings would finish slightly ...

Renault revenue hit by weaker emerging markets PARIS: Renault said an emerging-market currency slide against the euro wiped out sales gains in the first quarter, when the French carmaker's revenue fell 0.1 percent.Revenue decreased to 8.257 billion euros ($11.41 billion) in January-March from 8.265 billion a year earlier, Renault said in a statement on Thursday, despite a 5.1 percent gain in vehicle deliveries.Thanks to its no-frills car offering and success in markets such as Russia and Latin America, Renault has proved more ...

Starbucks suffers first UK sales drop after tax criticism LONDON: Starbucks suffered its first ever drop in UK sales last year, a period in which the company became the subject of boycotts and public criticism over its tax practices.Accounts for the group's main UK subsidiary, Starbucks Coffee Company (UK) Ltd, showed turnover fell in the year to the end of September 2013 to 399 million pounds ($670.3 million) from 413 million pounds the previous year.The drop follows 16 years of consistent strong growth and ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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MonthlyFebruary
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WeeklyApril 14, 2014
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