Apple Inc. stock rose 3.11% to USD 118.9 per share after the announcement of the First quarter results for the financial year 2015. The Company reported a growth of 29.51% in revenues and 37% rise in the net profit for the first quarter ended FY 2015 on a yearly basis.
Apple Inc. announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The Company posted record quarterly revenue of USD74.6 billion and record quarterly net profit of USD18 billion, or USD3.06 per diluted share. These results compare to revenue of USD57.6 billion and net profit of USD13.1 billion, or USD2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 % compared to 37.9 % in the year-ago quarter. International sales accounted for 65 % of the quarter’s revenue.
The results were fuelled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store. iPhone unit sales of 74.5 million also set a new record.
EPS grew 48 % over last year and company reported USD33.7 billion in operating cash flow during the quarter, an all-time record.
Apple is providing the following guidance for its fiscal 2015 second quarter:
- revenue between USD52 billion and USD55 billion
- gross margin between 38.5 % and 39.5 %
- operating expenses between USD5.4 billion and USD5.5 billion
- other income/(expense) of USD350 million
- tax rate of 26.3 %
The company has declared a cash dividend of USD 0.47 per share and is payable on February 12, 2015, to shareholders of record as of the close of business on February 9, 2015.
The company has no long term debt at the end of first quarter of 2015 and has a current market capitalization of USD 693 billion with a price of USD 118.9 per share with a P/E Ratio of 16. The Price to Book Value is 5.6172 and the Market Capitalization to Sales ratio is 2.33 (FY15 est.).