All Posts Tagged Tag: ‘Financial’

Ancestry.com Sold To Private Equity Firm For $1.6 Billion

Online genealogy site Ancestry.com has agreed to be purchased by European private equity firm Permira for $1.6 billion ($32.00 per share). Ancestry.com President and CEO Tim Sullivan and CFO and COO Howard Hochhauser will maintain a majority of their equity stakes in the company. Spectrum Equity will also remain an investor. “This is a successful outcome for our public stockholders, …

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Microsoft Earnings Released, Company Posts $16.01 Billion In Revenue

Microsoft managed to release its FY13 Q1 earnings report today without all the craziness that accompanied Google’s. Revenue was $16.01 billion for the quarter. Operating income, net income, and diluted earnings per share for the quarter were $5.31 billion, $4.47 billion, and $0.53 per share. CEO Steve Ballmer said, “The launch of Windows 8 is the beginning of a new …

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Google Earnings Report Accidentally Released, Shares Tumble

Google accidentally leaked its Q3 earnings today, ahead of schedule. The company missed analysts’ estimates, and as a result, shares are tumbling. As of the time of this writing they’re at $687.39 (-68.10‎, -9.01%). The earnings release is currently displayed at SEC.gov. It shows Google with revenues of $14.1 billion for the quarter, an increase of 45% year-over-year. Motorola revenues …

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eBay Reports Q3 Earnings: Revenue Up 15% YoY

eBay reported its Q3 earnings on Wednesday. The financials come a week after the company launched a big redesign to its flagship site. The company posted revenue of $3.4 billion for the quarter, up 15% year-over-year. Net income on a GAAP basis was $597 million, while non-GAAP net income was $718 million. GAAP and non-GAAP net income were up 22% …

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iPhone 5 Initial Sales Will Be Included In Apple’s Q4 Earnings Release

Apple will release its Q4 FY12 earnings release on October 25, when the company will hold a conference call to discuss the financial results of its fourth fiscal quarter. It falls on a Thursday, and the call will take place at 2:00 p.m. PT / 5:00 p.m. ET. The company has updated its Investor Relations page announcing the news. The …

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Google Stock Hits Record High On Monday

Google shares hit an all-time high on Monday, at one point reaching $748.90, according to CNN Money. As of the time of this writing, shares are at: $748.21 (+14.22‎, 1.94%‎). The publication attributes the rise to continued search domination and strides made with Android (a reported 68% share of the global smartphone market during the second quarter). Some are pointing …

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Oracle Releases Earnings, Posts 2% Decline In Revenue

Oracle posted its fiscal 2013 Q1 earnings report on Thursday. While profits were up 15%, revenues were down 2% to $8.2 billion, though GAAP new software licenses and cloud software subscriptions were up 5% to $1.6 billion. Non-GAAP new software licenses and cloud software subscriptions revenues were up 6% to $1.6 billion. “Exadata, Exalogic, Exalytics and our other engineered systems …

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Alibaba Closes Deal With Yahoo Worth $7.6 Billion

Alibaba has closed the initial repurchase of shares from Yahoo and restructured its relationship with the company in a set of transactions valued at $7.6 billion. The two companies announced the plan back in May, which would see Yahoo reduce its stake in Alibaba in stages over time, and over a series of agreements. The initial repurchase of shares represented …

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Square Closes New Round Of Funding From Starbucks And Co.

Square announced today that it has closed a Series D round of funding from Citi Ventures, Rizvi Traverse Management, and Starbucks Coffee Company. The company said in its announcement: One year ago, Square had approximately 150 employees and processed over $1 billion in payments on an annualized basis. Today, Square has over 400 employees and is processing over $8 billion …

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Zuckerberg Pledge Helps Facebook Stock

Yesterday, news came out that Facebook CEO Mark Zuckerberg has pledged not to sell any Facebook shares for at least a year. In addition to that, Board members Marc Andreessen and Don Graham will not sell any shares, other than what they may sell to cover taxes on RSUs. This information came from an 8-K document filed with the SEC. …

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Mark Zuckerberg Won’t Be Selling FB Shares Anytime Soon

Facebook has filed an 8-K document with the SEC indicating that it will not move forward with a secondary stock offering, but will pay taxes on RSUs, and that CEO Mark Zuckerberg will not be selling any shares, at least for the next year. The document also indicates that Board members Marc Andreessen and Don Graham will not sell any …

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Wall Street: Apple Stock Hits Another Record High, Following Patent Verdict

On Friday, as you have probably heard, Apple was granted a big legal win over Samsung, though an appeal is expected. Nevertheless, the ruling has major implications for the mobile industry, and for Google’s Android operating system, which comes on a variety of Samsung devices. Apple shares were already soaring, before the verdict even came out. With the next version …

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