Apple Earnings Released, Revenue $42.1 Billion

Chris CrumBusiness

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Apple just announced its earnings for its fiscal 2014 Q4. This includes revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. That's compared to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, last year.

Gross margin was 38% compared to 37% last year. International sales made up 60% of the quarter's revenue.

CEO Tim Cook said, “Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”

“Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter,” said CFO Luca Maestri. “We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion.”

The company's board declared a cash dividend of $.47 per share of the Company’s common stock. This is payable on November 13th to shareholders or record as of closing on November 10th.

Apple is projecting revenue between $63.5 billion and $66.5 billion in the coming quarter with gross margin between 37.5% and 38.5% and operating expenses between $5.4 billion and $5.5 billion.

Image via Apple

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.