Apple experienced 620 basis points of operating margin compression in the fiscal third quarter and 260 basis points in the fiscal fourth quarter.
For the fiscal third quarter all the geographies had at least 420 basis points of operating income compression except for the US, which only had 190 basis points (see table below).
Meanwhile, pre-tax margins fell 290 basis points from a year ago to 2.5%, while operating margins fell 262 basis points to 4.46%, well below the 6% that the Street had expected.
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Morgan Chase, it will clip two percentage points off operating margins.
Vasella also replaced complacent managers (15 of the top 21 posts turned over) and cut 12, 500 jobs in two years, lifting the operating profit margin five points, to 24%.
Gross margin expanded 295 basis points year-over-year to 73.3%, resulting from sourcing cost improvements, while operating expenses declined 200 basis points as a percentage of net sales.
Statistically, better than 90 percent of franchise points are still operating at the 10-year mark.
The sales growth and productivity improvements helped the operating margin improve 279 basis points to 13.52%.
Even excluding charges associated with cost overruns in 2008, the operating margin improved 216 basis points.
Gross margins increased by 80 basis points, while operating expenses, excluding Hirschmann declined by 3.3%.
Moreover, adjusted operating margin rose 90 basis points to 17.5%, reflecting higher gross margin.
Operating margins spread 150 basis points to 55.1% as MasterCard continues to grow faster than larger rival Visa.
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The operating margin expanded 369 basis points from the prior year to 20.04%.
Hurricane Sandy, coupled with litigation charges and even costs, pushed operating margins down 50 basis points to 20.85, the company said.
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On the other hand, Salesforce saw its operating margins shed 135 basis points, which the company attributed to the Buddy Media acquisition.
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Worse still, why should participants pay an annual operating expense of 42 basis points to buy units in the Marriott International Stock Fund?
Operating margin improved 550 basis points, to negative 1.6 percent for the fiscal year, compared to negative 7.1 percent for fiscal year 2010.
For the fiscal fourth quarter Asia was the major culprit with its operating margin declining 590 basis points with retail down 120 basis points.
Operating margin improved 270 basis points, to negative 6.4 percent, for the fourth quarter, compared to negative 9.1 percent in the same period last year.
She points out that operating profit margins have expanded from 4% to more than 10% due to volume gains, new programs and better cost management.
As a result, operating margins declined 150 basis points to 24.6%.
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The adjusted operating margin improved 218 basis points to 5.16%.
Operating margin gained 560 basis points to reach 32.2 percent.
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Operating margin gained 150 basis points to reach 27 percent.
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Operating margin lost 180 basis points to reach 14.4 percent.
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Operating margin gained 280 basis points to reach 36.7 percent.
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All costs have increased, with cost of revenues up nearly 300 basis points, and operating income margin dropping from 52% to 47% for the full years of 2010 to 2011.
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