Piotr Koziol, You posted the article. Note MC's comment on soft currency impacting revenue.
NW
Message 14379617
Quickly through the numbers, you can do all this great stuff, but you've got to
put numbers on the board. For second quarter, which now seems like ancient
history ?? you used to be as good as your last quarter, you're now as good as
your current quarter. Revenue was up about 8 percent, but that was in effect
partially due to the softness in the currency, 11 percent in constant currency.
We were pleased in four of our five geographical regions; we hit double digit
growth rates, with the exception being Europe, which was pretty soft for
everybody.
Gross margins were up three points, which was very important to us. We had
seen some period of margin erosion, and we start to see a bounce back here.
Operating expenses went down 17 percent. Now, hitting any one of those
targets is a good thing, but the real trick, as we know, is to get all of them going
in the same direction at the same time. And so getting all three of them clicking
in the right trend, that led to an $830 million improvement in operating profits,
and of course EPS went from a 10 cent loss to a 22 cent profit, certainly on the
right track. |
