CUPERTINO, Calif. - October 21, 2014 (www.investorideas.com newswire)
Apple® (AAPL) announced financial results for its fiscal 2014 fourth
quarter ended September 27, 2014. The Company posted quarterly revenue
of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per
diluted share. These results compare to revenue of $37.5 billion and net
profit of $7.5 billion, or $1.18 per diluted share, in the year-ago
quarter. Gross margin was 38 percent compared to 37 percent in the
year-ago quarter. International sales accounted for 60 percent of the
quarter's revenue.
Apple's board of directors has declared a cash dividend of $.47 per
share of the Company's common stock. The dividend is payable on
November 13, 2014, to shareholders of record as of the close of business
on November 10, 2014.
"Our fiscal 2014 was one for the record books, including the
biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim
Cook, Apple's CEO. "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 Luca Maestri, Apple's CFO. "We continued to execute
aggressively against our capital return program, spending over $20
billion in the quarter and bringing cumulative returns to $94 billion."
Apple is providing the following guidance for its fiscal 2015 first quarter:
- revenue between $63.5 billion and $66.5 billion
- gross margin between 37.5 percent and 38.5 percent
- operating expenses between $5.4 billion and $5.5 billion
- other income/(expense) of $325 million
- tax rate of 26.5 percent
Source:- http://www.investorideas.com/news/2014/technology/10211.asp
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