tech:

taffy

Apple Profit Jumps To 94%, Sells 11.8M IPads

[Techtaffy Newsdesk]

Apple posted quarterly revenues of $39.2 billion and a quarterly net profit of $11.6 billion, or $12.30 per diluted share for its fiscal 2012 second quarter ended March 31, 2012. These results compare to revenue of $24.7 billion and net profit of $6 a billion, or $6.40 per diluted share, in the year-ago quarter. Apple’s fiscal second-quarter profit rose a whopping 94%.

Apple sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. The company sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. 4 million Macs were sold during the quarter, a 7 percent unit increase over the year-ago quarter. IPod sales however declined. Apple sold 7.7 million iPods, a 15 percent unit decline over the same time period, last year.

International sales accounted for 64 percent of the quarter’s revenue.

Tim Cook (CEO, Apple): The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.

Apple expects revenues of about $34 billion and diluted earnings per share of about $8.68, looking ahead to the third fiscal quarter, said Peter Oppenheimer, Apple’s CFO.

At the time of writing, Apple shares rose 7.19% to $601 in after hours trading.

Just in

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.