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  Press Release Technical Updates [Page: 3 of 816] @ TACKtech Corp.  

07.22.2014 - SHIELD Portable: We’re Still Selling It, Supporting It, Updating It… and Gaming With It



View NVIDIA related news. Nope. We’re not ending the life of SHIELD portable. Not by a long shot. SHIELD tablet and SHIELD portable are two separate products within an overall SHIELD family.  Both are continuing to ship and will be fully supported by NVIDIA. The current generation SHIELD portable remains one of the fastest, most capable mobile devices on… Read More
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07.22.2014 - Microsoft cloud growth drives strong fourth-quarter results



View Microsoft-Press related news.

REDMOND, Wash. — July 22, 2014 — Microsoft Corp. today announced revenue of $23.38 billion for the quarter ended June 30, 2014. Gross margin, operating income, and diluted earnings per share (“EPS”) for the quarter were $15.79 billion, $6.48 billion, and $0.55 per share, respectively.

Microsoft completed the acquisition of substantially all of the Nokia Devices and Services (“NDS”) business on April 25, 2014. Revenue and cost of revenue from the acquired business, including amortization of intangible assets, are reported in the new Phone Hardware segment. For the fourth quarter and fiscal year 2014, the results of NDS contributed revenue, gross margin, operating income, and diluted EPS of $1.99 billion, $54 million, $(692) million, and $(0.08), respectively.

“We are galvanized around our core as a productivity and platform company for the mobile-first and cloud-first world, and we are driving growth with disciplined decisions, bold innovation, and focused execution,” said Satya Nadella, chief executive officer of Microsoft. “I’m proud that our aggressive move to the cloud is paying off – our commercial cloud revenue doubled again this year to a $4.4 billion annual run rate.”

“Our solid execution and expense discipline allowed us to deliver a strong finish to the fiscal year,” said Amy Hood, executive vice president and chief financial officer at Microsoft. “As we enter fiscal 2015, we are focused on aligning our resources to strategic investments that we believe will deliver the next wave of innovation, growth, and long-term shareholder value.”

The following table reconciles these financial results reported in accordance with generally accepted accounting principles (“GAAP”) to Non-GAAP financial results. We have provided this Non-GAAP financial information to aid investors in better understanding the company’s performance. All growth comparisons relate to the corresponding period in the last fiscal year.



Additionally, we note below certain operational items that also impacted the company’s financial performance (“Noted Items”). Noted Items and the Non-GAAP measures are defined following the financial tables and highlights.



Devices and Consumer revenue grew 42% to $10.00 billion, with the following business highlights:

  • Windows OEM revenue grew 3%, driven by 11% growth in Windows OEM Pro revenue.

  • Office 365 Home and Personal subscribers totaled more than 5.6 million, adding more than 1 million subscribers again this quarter.

  • The acquired Phone Hardware business contributed $1.99 billion to current year revenue.

  • Bing search advertising revenue grew 40%, and U.S. search share grew to 19.2%.

Commercial revenue grew 11% to $13.48 billion, with the following business highlights:

  • Commercial cloud revenue grew 147% with an annualized run rate that exceeds $4.4 billion.

  • Windows volume licensing revenue grew 11%.

  • Server products revenue, including Azure, grew 16%, with double-digit growth for SQL Server and System Center.

“Our results reflect our customers’ long-term commitments to our products and services, and strong execution by our field teams. We are thrilled with the tremendous momentum of our cloud offerings with Office 365 and Azure both growing over 100% again,” said Kevin Turner, chief operating officer at Microsoft. “Looking forward, we are excited by the amazing opportunities enabled by our technology roadmap and our strong engagement across partners, customers, and developers.”

For Microsoft’s fiscal year 2014, the company’s revenue, gross margin, operating income, and diluted EPS were $86.83 billion, $59.90 billion, $27.76 billion, and $2.63 per share, respectively.

The following table reconciles these financial results reported in accordance with GAAP to Non-GAAP financial results. We have provided this Non-GAAP financial information to aid investors in better understanding the company’s performance.



The impact of Noted Items on the financial results was the same for the fourth quarter and for fiscal year 2014.

Business Outlook

Microsoft will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.

On July 17, 2014, Microsoft announced a restructuring plan to streamline and simplify its operations and align the recently acquired NDS business with the company’s overall strategy. The pre-tax costs associated with this plan are estimated to be between $1.1 billion and $1.6 billion and will be recorded in fiscal year 2015, substantially in the first half of the fiscal year.

Webcast Details

Satya Nadella, chief executive officer, Amy Hood, executive vice president and chief financial officer, Frank Brod, chief accounting officer, John Seethoff, deputy general counsel, and Chris Suh, general manager of Investor Relations, will host a conference call and webcast at 2:30 p.m. PDT (5:30 p.m. EDT) today to discuss details of the company’s performance for the quarter and certain forward-looking information. The session may be accessed at http://www.microsoft.com/investor/. The webcast will be available for replay through the close of business on July 22, 2015.

Adjusted Financial Results and Non-GAAP Measures

During the fourth quarter of fiscal year 2013, GAAP revenue, gross margin, operating income, and diluted EPS included the recognition of previously deferred revenue for the Office Upgrade Offer. For fiscal year 2013, the financial results included the recognition of previously deferred revenue related to the Windows Upgrade Offer as well as the European Commission Fine. These items are defined below. In addition to these financial results reported in accordance with GAAP, we have provided certain Non-GAAP financial information to aid investors in better understanding the company’s performance. Presenting these measures without the impact of these items gives additional insight into operational performance and helps clarify trends affecting the company’s business. For comparability of reporting, management considers this information in conjunction with GAAP amounts in evaluating business performance. These Non-GAAP financial measures should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

Non-GAAP Definitions

Revenue recognition of $782 million in the fourth quarter of fiscal year 2013 related to the revenue deferred on sales of the previous version of the Microsoft Office system with a guarantee to be upgraded to the new Office at minimal or no cost (“Office Upgrade Offer”).

Revenue recognition of $540 million in fiscal year 2013 related to the revenue deferred on sales of Windows 7 with an option to upgrade to Windows 8 Pro at a discounted price (“Windows Upgrade Offer”).

Fine of €561 million ($733 million) assessed by the European Commission in the third quarter of fiscal year 2013 for violation of an order to provide a browser choice screen with Internet Explorer on PCs sold in Europe (“European Commission Fine”).

Noted Items Definitions

Charge of $900 million recorded in the fourth quarter of fiscal year 2013 for Surface RT Inventory Adjustments (“Surface RT Inventory Adjustments”).

Revenue recognition of $382 million in the fourth quarter of fiscal year 2014 from the contractual relationship between Nokia and Microsoft related to joint strategic initiatives which was terminated in conjunction with the acquisition of substantially all of the NDS business (“End of Nokia Commercial Agreement”).

Expenses of $127 million in the fourth quarter of fiscal year 2014 associated with the acquisition and integration of NDS. These expenses consist of transaction fees and direct acquisition costs, including legal, finance, consulting and other professional fees. These costs also include employee compensation and termination costs associated with certain reorganization activities ("Integration and Restructuring”).

Tax provision adjustment of $458 million, or a $(0.05) per share impact, in the fourth quarter of fiscal 2014 related to adjustments to prior years’ liabilities for intercompany transfer pricing that increased taxable income in more highly taxed jurisdictions (“Adjustment to Prior Years’ Taxes”).

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.

Forward-Looking Statements

Statements in this release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:

  • intense competition in all of Microsoft’s markets;

  • increasing focus on services presents execution and competitive risks;

  • significant investments in new products and services that may not be profitable;

  • acquisitions, joint ventures, and strategic alliances may have an adverse effect on our business;

  • impairment of goodwill or amortizable intangible assets causing a significant charge to earnings;

  • Microsoft’s continued ability to protect its intellectual property rights;

  • claims that Microsoft has infringed the intellectual property rights of others;

  • the possibility of unauthorized disclosure of significant portions of Microsoft’s source code;

  • cyber-attacks and security vulnerabilities in Microsoft products that could reduce revenue or lead to liability;

  • disclosure of personal data that could cause liability and harm to Microsoft’s reputation;

  • outages, data losses, and disruptions of our online services if we fail to maintain an adequate operations infrastructure;

  • government litigation and regulation that may limit how Microsoft designs and markets its products;

  • potential liability under trade protection and anti-corruption laws resulting from our international operations;

  • Microsoft’s ability to attract and retain talented employees;

  • adverse results in legal disputes;

  • unanticipated tax liabilities;

  • our hardware and software products may experience quality or supply problems;

  • exposure to increased economic and operational uncertainties from operating a global business;

  • catastrophic events or geo-political conditions may disrupt our business; and

  • adverse economic or market conditions may harm our business.

For more information about risks and uncertainties associated with Microsoft’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations department at (800) 285-7772 or at Microsoft’s Investor Relations website at http://www.microsoft.com/investor/.

All information in this release is as of July 22, 2014. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.

For more information, financial analysts and investors only:

Chris Suh, general manager, Investor Relations, (425) 706-4400

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news/. Web links, telephone numbers, and titles were correct at time of publication, but may since have changed. Shareholder and financial information, as well as today’s 2:30 p.m. PDT conference call with investors and analysts, is available at http://www.microsoft.com/investor/.

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07.22.2014 - Ultimate Ears Teams with Skateboard Artist Don Pendleton to Roll Out New Limited Edition UE BOOM



View Logitech-Press related news. Dateline City: NEWARK, Calif. Ultimate Ears Expands Limited-Edition Lineup with UE BOOM – Jettison Edition NEWARK, Calif.--(BUSINESS WIRE)--Today Ultimate Ears is expanding its limited-edition lineup of UE BOOM with the announcement of its collaboration with artist Don Pendleton on UE BOOM – Jettison Edition. This limited-edition run of UE BOOM is designed with Pendleton’s distinct organic cubist graphic style and is the latest in a series of one-of-a-kind acoustic skins for UE BOOM, aimed to blend people’s passions for music, design and art. Language: English Contact: Finn PartnersAndrea McDonald415-249-6768andrea.mcdonald@finnpartners.com Ticker Slug: Ticker: LOGI Exchange: NASDAQ Ticker: LOGN Exchange: SWX read more
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07.22.2014 - SHIELD Tablet: First Mobile Device to Stream Real-Time Gaming to Twitch



View NVIDIA related news. Get ready to put on a show. We’ve built Twitch – the world’s leading video community for gamers – right into the new SHIELD tablet. Mobile Android users can now broadcast live gameplay to friends and fans worldwide. Gamers have made Twitch one of the world’s fastest growing social media platforms, with more than a million… Read More
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07.22.2014 - Gamers Deserve a Tablet That Can Do More



View NVIDIA related news. We all own tablets. But we all wish we could do more with them. That’s why we built the SHIELD tablet, packing it with more features and capabilities than you can count. At its heart is our Tegra K1 mobile processor, the world’s most advanced mobile processor. Pair it with a brilliant 8-inch, full HD… Read More
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07.22.2014 - SHIELD Tablet Brings You Games, Games, More Games on Android, PC and Cloud



View NVIDIA related news. Android games. PC games. Games streamed from distant servers. Games streamed from your nearby PC. Games streamed to your TV. We built the SHIELD tablet for gaming. So do we have games? Does Brazil have soccer fans? But while the SHIELD Tablet can play more games in more ways than anything like it, some mobile… Read More
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07.22.2014 - NVIDIA Launches World's Most Advanced Tablet Built for Gamers



View NVIDIA related news.

NVIDIA today launched the newest members of the NVIDIA® SHIELD™ family: the SHIELD tablet and the SHIELD wireless controller.

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07.22.2014 - F4F signs global OEM agreement with SAP to deliver real-time supply-chain data and precision analytics to the agricultural sector



View RealWire related news. London, England - July 22, 2014 - F4F Agriculture, a global business dedicated to the farmer-centric digital supply chain, announces it has signed an original equipment manufacturer (OEM) agreement with SAP (NYSE: SAP) for the deployment of the SAP HANA® platform. This partnership is the culmination of F4F's experience gained over several years in working with data and interfaces to SAP® solutions. It is expected that F4F'sagricultural expertise and its global open integration platform complemented... Source: RealWire
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07.22.2014 - LANDESK Delivers Greater Freedom and Increased Productivity with New Features to its Total User Management Suite



View RealWire related news. New Enhancements Increase Deployment Speeds by more than 20x and Reduce Provisioning Steps by 94% UNITED KINGDOM - July 22, 2014 - LANDESK, a global leader in delivering user-oriented IT solutions that solve systems, security, mobility, asset, and IT service management challenges, today announced the newest release of LANDESK® Management and Security Suites, adding new features to its Total User Management solution. This release enables greater enterprise speed and scalability, is easier to administer, and... Source: RealWire
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07.22.2014 - NaviSite DaaS Solution Selected by PMGC to Power SmartDesk Virtual Environment



View RealWire related news. LONDON - 22 July, 2014 - NaviSite Europe Limited, a wholly owned subsidiary of NaviSite, Inc., a Time Warner Cable company, today announced that they have partnered with PMGC to deliver Desktop-as-a-Service (DaaS) technology to power its SmartDesk virtual working environment, allowing small and medium sized businesses to get access to Enterprise level software. PMGC specialise in creating 'Weightless' businesses. They transform business performance by helping customers embrace current and emerging technologies. PMGC has created... Source: RealWire
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07.22.2014 - CloudSigma and OpenVPN Partner to Provide Secure, Remote Access to Public Cloud Deployments



View RealWire related news. Designed for SMBs, Branch Offices and Remote Workers, New Software Appliance Provides the Same Seamless Access as On-Premise Infrastructure, but with the Ability to Leverage the Cloud Palo Alto, Calif. - July 22, 2014 - CloudSigma, a public cloud IaaS provider with advanced hybrid hosting solutions, today announced that it has partnered with OpenVPN to develop a software appliance that enables the rapid deployment of OpenVPN Access Server within CloudSigma's public cloud. Now, CloudSigma customers... Source: RealWire
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07.22.2014 - Scandit Adds Major US Retail and Supply Chain Brand Names to Growing List of Customers



View RealWire related news. San Francisco, July 22, 2014 - Scandit (http://www.scandit.com/), developer of the leading software-based barcode scanning and data capture platform for smartphones, tablets and wearable computing devices, today announced that it continues to experience significant traction in the North American retail and supply chain markets, with the addition of several recognized brands to its customer base. The company is now working with Party City, Saab, Shell, Priority Payment Systems, Florida Healthcare and American Woodmark, who join... Source: RealWire
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07.21.2014 - Join the Hunt: Gamers Raving About Our Text-Based Adventure Game



View NVIDIA related news. Shooters. Strategy games. Role playing games. Card games. Board games. There are no kinds of games we don’t love. That’s why we’re launching our latest product with – what else – a game. Gamers are already raving about UltimateQuest, the text-based adventure game we launched last week. This interactive text adventure was written by the… Read More
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07.21.2014 - Gartner positions Attenda in the Challengers Quadrant of the Gartner Magic Quadrant for Cloud-Enabled Managed Hosting, Europe



View RealWire related news. London - July 21, 2014 - Attenda Limited, the Business Critical IT company, today announced that it has been positioned by Gartner Inc., in the Challengers quadrant of the Gartner Magic Quadrant for Cloud-Enabled Managed Hosting, Europe, 2014.Gartner describes this new Magic Quadrant as: "Cloud-enabled managed hosting brings cloudlike consumption and provisioning attributes to the traditional managed hosting market in Europe. This is a new evolution of a mature market, with a wide variety of... Source: RealWire
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07.21.2014 - Earthport Joins the Eurogiro Network to Provide its Global Payments Service to Members



View RealWire related news. As a Eurogiro member Earthport will be able to expand its low value clearing services for payments into the accounts of Eurogiro community membersLondon, UK, 21 July 2014 - Earthport has signed a membership agreement to partner on the Eurogiro infrastructure, extending services to Eurogiro members for international low value clearing to the 60 countries where Earthport facilitates local payments, and enabling Earthport to connect to Eurogiro members' extensive client base. Eurogiro provides connectivity and... Source: RealWire
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07.21.2014 - ABBYY FlexiCapture for Mailrooms - Classificazione innovativa per l'automazione della mailroom di prossima generazione



View RealWire related news. La nuova soluzione di automazione della mailroom automatizza l'acquisizione, la classificazione e l'instradamento dei documenti e delle informazioni provenienti da vari canaliMonaco di Baviera, Germania (21 luglio 2014) - ABBYY Europe, fornitore leader di tecnologie e servizi per il riconoscimento dei documenti, l'acquisizione dei dati e la linguistica, ha annunciato oggi il lancio di ABBYY FlexiCapture for Mailrooms. La soluzione per la mailroom digitale di ABBYY potenzia la piattaforma per l'acquisizione di dati ABBYY FlexiCapture,... Source: RealWire
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07.21.2014 - Many Visualfiles and SolCase Users Benefiting from the Significant Enhancements Within Lexis Visualfiles 2014



View RealWire related news. New BigHand digital dictation integration in early adopter phase; County Court Bulk Centre changes availableLexis® Visualfiles™ 2014, the latest release of LexisNexis® Enterprise Solutions' legal workflow and case management system, is growing in popularity in law firms with the number of client upgrades having risen substantially in the first half of this year. This growth is driven by the modern and intuitive Microsoft Office-style user interface, which greatly enhances user experience; and the new Outlook... Source: RealWire
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07.21.2014 - Logicalis Launches End-User Workspace Services



View RealWire related news. Provides flexible, secure, cost effective IT support services direct to end-users Slough, UK, 21st July 2014 - Logicalis, the international IT solution, managed services and cloud provider, today announced the launch of its End-User Workspace Services, which sees a team of highly-skilled support specialists deliver IT services direct to business end-users. The brand new offering is designed for the mid-market and based out of Logicalis' UK Managed Services Centres (MSC). Putting Logicalis' expertise directly in... Source: RealWire
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07.20.2014 - Stalking the Halls of Quakecon with NVIDIA’s GeForce Team



View NVIDIA related news. Clay Causin is in his element. He’s striding across a huge hall at the Hilton Anatole in Dallas housing thousands of gamers – and their PCs – for the annual Quakecon gaming community event. The vast space is dark, lit only by the monitors of more than 3,000 PCs. Gamers are everywhere – slamming energy… Read More
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07.18.2014 - Something New Is Coming, But You Gotta Game It To Get It



View NVIDIA related news.

Today, The Ultimate Quest begins, ahead of something really special that you’ll hear about on Tuesday. The Ultimate Quest, a tweet-based text adventure, will span five days and immerse you in a brave new world filled with powerful technologies and mysterious forces. This will be a challenging game built for our most skilled GeForce gamers.… Read More

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