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$ROP 2Q15 Call: Gross margins despite end market headwinds were up 100BP & reached 60.1%. Our operating margins were up 60BP to hit 28.5%, which is truly outstanding margin improvement in this environment. Net earnings were up 10% to $173MM & DEPS represented $1.70, including $40MM of non-cash amortization. Free cash flow was up 24% to $162MM.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.