Welcome to the 1 February, 2009 edition of the Get International Clients Sunday Blog Carnival.
Earning Reports to Start Off 2009
CNN reports the Worst January ever for Dow, S&P 500 Wall Street slumps Friday at the end of a brutal month.
Apple Computers presents Best Quarterly Revenue and Earnings in Apple History iPod Sales Set New Record posted at Apple saying “Apple® today announced financial results for its fiscal 2009 first quarter ended December 27, 2008. The Company posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share. These results compare to revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, equal to the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue. ”
IBM presents IBM Reports 2008 Fourth-Quarter and Ful-Year Results posted at IBMsaying “IBM today announced fourth-quarter 2008 diluted earnings of $3.28 per share from continuing operations compared with diluted earnings of $2.80 per share in the fourth quarter of 2007, an increase of 17 percent as reported. Fourth- quarter income from continuing operations was $4.4 billion compared with $4.0 billion in the fourth quarter of 2007, an increase of 12 percent. Total revenues for the fourth quarter of 2008 of $27.0 billion decreased 6 percent (1 percent, adjusting for currency) from the fourth quarter of 2007.”
John Letzing & Dan Gallagher present Microsoft earnings slump; 5,000 jobs eliminated Software giant’s shares plunge to 11-year low on surprise news posted at MarketWatch saying “he software giant’s earnings for its fiscal second quarter ended in December reflected growing troubles from the slowing economy. Microsoft said net income for the period came in at $4.17 billion, or 47 cents a share, compared with net income of $4.7 billion or 50 cents a share in the same period the previous year. Analysts had been looking for earnings of 49 cents a share, according to consensus estimates from Thomson Reuters. Revenue grew slightly to $16.6 billion from $16.4 billion last year. Analysts had been expecting revenue of $17.08 billion.”
Google presents Google Announces Fourth Quarter And Fiscal Year 2008 Results posted at Google Press Center saying “Google reported revenues of $5.70 billion for the quarter ended December 31, 2008, an increase of 18% compared to the fourth quarter of 2007 and an increase of 3% compared to the third quarter of 2008. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the fourth quarter of 2008, TAC totaled $1.48 billion, or 27% of advertising revenues. – Revenues – Google reported revenues of $5.70 billion in the fourth quarter of 2008, representing an 18% increase over fourth quarter 2007 revenues of $4.83 billion and a 3% increase over third quarter 2008 revenues of $5.54 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC.”
The Engineer Online presents Shell stays focused posted at The Engineer Online saying “Europe’s largest oil company, Royal Dutch Shell, has reported a drop in quarterly earnings following the plunge in oil prices last year.
The company’s fourth quarter 2008 earnings were $4.8bn (£3.4bn) compared to $6.7bn in the same period a year ago. However, annual earnings for 2008 increased to $31.4bn compared to $27.6bn in 2007 as a result of high oil prices over the summer. Cash flow from operating activities for the fourth quarter 2008 was $10.3bn, with net capital investment for the quarter standing at $6.8bn.”
The Associated Press presents Amazon quarterly profit climbs 9 percent posted at Chron saying “Amazon.com says its fourth-quarter profit rose 9 percent and beat analysts’ forecasts. Amazon had called the holiday season its “best ever,” and today’s earnings report backed up the idea that it is not being hurt by cutbacks in consumer spending. The Seattle-based online retailer said its quarterly profit was $225 million, or 52 cents per share. That was better than the 39 cents per share expected by analysts polled by Thomson Reuters. Revenue rose 18 percent to $6.7 billion, exceeding analyst estimates for $6.4 billion.”
Rebecca Buckman presents Yahoo! Profits Likely Down, More Layoffs Possible posted at Forbes saying “Greenwald expects Yahoo! to report pro-forma net income of $168 million, or 12 cents a share, for the fourth quarter, down from $280 million, or 20 cents a share, in last year’s fourth period. He expects quarterly revenue to decline, to $1.35 billion from $1.4 billion a year ago.”
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{ 2 comments… read them below or add one }
Hi there
I’m a European living in the US and as such see much in the way of new market cross-cultural and international ventures. It always helps to “be bicultural” (or “multi-cultural”) to understand the complexities in building branding in a new country. I find my “lived on four continents and speak several languages” background to be very helpful in this. To what extent to do you find that your background gives you the edge over monocultural marketers?
Jonathan Bernd “Identifying and Developing New Markets Worldwide”
jonathanbernd.wordpress.com
Jonathan Bernds last blog post..“We” or “You” in International Marketing?
Hi Jonathan,
My value is in a wide international business experience together with cross-cultural communication skills.
People with multicultural backgrounds do not necessarily know how to translate these soft skills into a business environment. You can hear this easily by listening to them. These people are usually still self-focused. Also think about the fragility some Third Culture Kids go through. I guess you need a multicultural background with maturity and the right mindset.
When I worked in international environments it really was the mindset that counted most. Someone with a strong multicultural background without business expertise required just a long to adjust as someone with a strong business background and the right mindset.
That was the long answer. The short answer, is yes all international, cross-cultural, intercultural, bi-cultural or multicultural backgrounds usually have an advantage over “monocultural marketers”. But a “monocultural marketer” with a great mindset will probably do better in the long run than a person with any degree of cultural experience that is permanently stuck with some personal barrier or prejudice of some kind.