Expedia’s agency business saw the most growth of 18% year-over-year (or YoY) to $459 million as compared to $388 million in 2Q14.
Expedia (EXPE) recorded very strong second quarter results, which led its stock price to new highs. On a year-to-date basis, the stock has returned about 41%.
Cisco sold its set-top box business. Cisco sold it to Technicolor for $600 million. It acquired the business from Scientific Atlanta for $6.9 billion about ten years ago.
Cisco acquired Whiptail—a data storage player—in 2013 for $415 million in order to enter into this market. Cisco plans to shut down its data storage business.
Cisco saw a lot of ups and downs during John Chambers’ 20-year tenure at the company. In 2000, it was briefly the most valuable company in the world.
In fiscal 4Q15, Cisco acquired OpenDNS for $635 million. OpenDNS is a cloud security player. It should benefit Cisco in the network security business.
Cisco (CSCO) is expected to announce its fiscal 4Q15 earnings on August 12. Cisco expects that its YoY revenue could grow to be between 1% and 3%.
Baidu is the most popular search engine in China, followed by Qihoo 360. Google holds around 60% of the market share in ad revenue.
Twitter’s MAU includes many passive users, including mobile lock screen apps that automatically ping Twitter for updates. Twitter does not break out the actual number of users who tweet on a monthly basis.
After its first quarter fall of -10.14%, Twitter saw a 16.43% bounce in its advertising revenues. Ad revenue from desktop and mobile users remains at $54 million and $398 million in 2Q15, respectively.
Twitter is focusing on reinvestment rather than returning revenues to its investors. During 2Q15, it purchased $93 million in property and equipment.
On July 28, Twitter reported 2Q15 revenues of $502 million over $312 million in 2Q14, compared with analyst estimates of ~$481 million.
Microsoft’s computing and gaming hardware, a subsegment of Devices and Consumer segment, reported revenues of $591 million. This represents 50% growth on a constant-currency basis.
Alibaba (BABA) plans to invest a whopping $1 billion in its cloud-computing arm Aliyun to challenge Amazon Web Services.
On August 4, Alibaba (BABA) announced the appointment of a new president and global sales leader, Michael Evans. Evans will execute Alibaba’s international expansion strategy.
JD.com is expected to announce 2Q15 earnings on August 7. This will help Alibaba investors prepare in terms of expectations for fiscal 1Q16 earnings scheduled for August 12.
Alibaba (BABA) is expected to announce its 1Q16 earnings on August 12. According to analysts’ estimate, Alibaba could have a net income of $861 million and EPS of $0.58.
In its fiscal 2Q15 earnings release, Intel (INTC) shared that the expected introduction of its third 14-nm product, Kaby Lake, will be in 2H16.
Verizon’s adjusted EBITDA expanded moderately by ~6% YoY during 2Q15. EBITDA represents the profitability from the company’s core operations.
Verizon offers FiOS to businesses and consumers. FiOS has become a fast-growing, significant revenue stream for Verizon’s overall wireline segment.