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IT management software maker $CA posted 4Q16 net income of $174MM or $0.42 per diluted share vs. $151MM or $0.34 per diluted share in 4Q15. Non-GAAP EPS was $0.60. Revenue fell 1% to $1Bil vs. 4Q15, hurt by an unfavorable FX effect of $28MM. Acquisitions of $RALY and Xceedium, Inc. contributed approx. 3 points of revenue growth.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."