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Articles about Results

Seagate's third quarter results looking lacklustre as profits tumble

Seagate has reported year-on-year declines in third-quarter revenue and profit, as notebook enhancements went unnoticed. Third fiscal 2015 quarter revenues were $3.3bn, 3 per cent down on the $3.4bn recorded a year ago and 11 per cent lower than the second full-year 2015 quarter's $3.7bn. Profits were $291m, 26 per cent down on …
Chris Mellor, 20 Apr 2015

EU says dominant Google ILLEGALLY FIDDLES search results

The EU’s chief competition regulator alleged today that Google is illegally abusing its dominant position in the search market. Antitrust commissioner Margrethe Vestager has now taken the first official step towards fining the ad-slinging search monster. “I am confident that Google has artificially boosted its position in the …
Jennifer Baker, 15 Apr 2015

Citrix – Sorry, we didn't realise job cuts would knacker results

Citrix dropped the ball in Q1 by underestimating the short-term effects of chopping hundreds of staffers as part of a company-wide restructure, and the challenge posed by the swollen dollar. The firm previously warned shareholders and Wall Street analysts a fortnight ago that sales and earnings per share would come in lower than …
Paul Kunert, 23 Apr 2015

EMC reports mixed results, fingers axe: 'Reduction in force' planned

+Comment Storage giant EMC has announced its plans to lay off an unspecified number of staffers in Q1 and said in an SEC filing that it would record restructuring charges in the range of $130m to $150m. In the final few months of last year, EMC increased its revenues by $1bn, quarter on quarter, with Pivotal and VMware growing strongly, …
Chris Mellor, 29 Jan 2015

Oh, Emulex: Another quarter, yet more red-splattered results

Emulex results were dismal, never mind what president and CEO Jeff Benck said about achieving "the high end of our revenue guidance." Revenues were down and losses deeper for its fourth fiscal 2014 quarter - ended June 29 - and for the full year. Q4 of financial year 2014's revenues were $99.8m; they were $109.7m last quarter …
Chris Mellor, 11 Aug 2014
data centre

Order delays hit Avnet Tech Solutions' results, profits slide

The postponement of projects in North America led to "weaker than expected" results at Avnet's enterprise IT wing, Technology Solutions, as ops in EMEA continued to limp along during fiscal Q3 ended 29 March. At group level, Avnet Inc - which comprises TS and Electronics Marketing (EM) - reported sales of $6.68bn, rising 6.1 per …
Paul Kunert, 25 Apr 2014
Fraud image

Don't like droopy results, NetApp? Develop server-side SAN

+Comment NetApp's second-quarter revenue number have confirmed its recent overall decline, with the storage and data management company trying to recover from several recent quarters of revenue falls. NetApp_Revenues_To_Q3fy2015 NetApp revenues to Q2 full year 2015 with polynomial trend line showing decline A curve showing a long …
Chris Mellor, 13 Nov 2014

KCOM Group results hit by Phones4U woes

Brit telco and tech services playa KCOM Group has kickstarted a cost-cutting programme to counter a wobbly top and bottom line, not helped by the collapse of Phone4You and slower than expected PSN demand. The LSE-listed Hull-based group reported a 6.7 per cent drop in turnover to £173m for the first half of fiscal ’15, as profit …
Paul Kunert, 25 Nov 2014

Yee-haw! Rackspace shares soar on – gasp – healthy results

When Rackspace's chief executive Lanham Napier shocked analysts with his resignation last quarter, things looked bad for the company. But its latest financial results indicate that the company has weathered the transition. Napier's outgoing comments that the company's numbers looked "pretty darn formidable" have been borne out …
Jack Clark, 12 May 2014
Amusement park slide

WD results confirm it: Disk buyers ARE spending less

Is there a disk drive sales slump? Seagate's latest quarterly results suggested it and now WD's results confirm it. Enterprise disk drive buyers are spending less money. Despite all the marketing/analyst guffery about data bloat driving storage sales, both Seagate and Western Digital have seen lower sales in the last three …
Chris Mellor, 01 May 2014

Floating mutant, hidden profit: Nimble reveals first post-IPO results

Mutant flash-disk arrays are apparently continuing to disrupt the storage market, judging by hybrid array-slinger Nimble Storage's business in the period to the end of January this year. It recently revealed both the quarter which included its IPO and its full year results. Hybrid arrays juice cheap disk capacity with a dash of …
Chris Mellor, 04 Mar 2014
Light at the end of the tunnel. Credit: Smabs Sputzer

HP Storage results: Gloomy, but there's light at the end of the tunnel

Comment HP storage emulated HP's latest overall quarterly results, with both good news and bad news, but the gloom overwhelmed the gleam. Within HP's $27.6bn third fiscal 2014 quarterly revenue report, storage contributed $796m (just 3.6 per cent) of HP's earnings for the quarter and 11.5 per cent of the Enterprise Group's revenue. EG …
Chris Mellor, 21 Aug 2014
Stock ticker board

Acer pair charged with insider trading for '$72k pre-results stock dump'

Two senior Acer staffers have been charged with insider trading – after allegedly offloading shares worth $72,300 just before the PC giant announced fresh financial losses. Former company mouthpiece Henry Wang and investor relations division senior manager Jiong Yuan Chen were charged in Taiwan late last week along with five …
Paul Kunert, 12 May 2014

There's little spending on Big Data, object storage and OpenStack

A DataCore survey has shown little spending on sexy storage products in the Big Data, public cloud, object storage, and OpenStack areas, arguing software-defined storage (SDS) gives a faster payback. DataCore asked 477 IT professionals currently using or evaluating software-defined storage technology about their 2015 spending …
Chris Mellor, 13 May 2015
firing range - target in cross hairs

Citrix warns it will miss Q1 earnings guidance

Citrix has announced that it will not deliver the financial results it promised the markets. “Revenue for the quarter is expected to be in the range of $755 million to $760 million, below the company's guidance of $780 million to $790 million,” says in its mea culpa preliminary Q1 results released today. “Net income for the …
Simon Sharwood, 10 Apr 2015

HP sets net to snare Aruba: reports

HP looks like breaking its long embargo on large acquisitions by snaffling Aruba Networks, according to emerging reports. Bloomberg's report cites the usual “people with knowledge of the matter” as saying the two companies are in talks, adding that the deal is in such early stages that it could still fall through. The Wi-Fi …

Europe drags, as Accenture posts steady growth

Outsourcing giant Accenture posted a yearly sales increase of five per cent to $7.5bn (£5bn) for its second quarter results, highlighting its "digital" investments as a reason for the consistent growth. However, its European revenue dropped by two per cent to $2.66bn (£1.8bn). The company singled out France, Germany, Spain and …
Kat Hall, 27 Mar 2015

Rackspace shares crater in drab results aftermath

Rackspace's shares have fallen off a cliff after the Texas cloud company reported less than glowing revenues. In a sign of the fractious affections of the financial market, the company's shares were down almost 25 per cent in trading on Thursday, following Wednesday's lackluster results. Though Rackspace grew revenue 20.2 per …
Jack Clark, 10 May 2013
Seagate logo

Now Seagate posts declining results. Can new tech lift it upwards?

Seagate announced disappointing quarterly results but its underlying trends are positive as it makes big bets on new technologies. In the quarter ended September 27 Seagate’s revenues were $3.5 billion ($3.7 billion a year ago) with profits of $427 million ($582 million a year ago). The annual compare is coming off the tail-end …
Chris Mellor, 29 Oct 2013
IBM PC 5150

IBM bags multi-billion dollar outsourcing deal with ABN AMRO

IBM has bagged a multi-billion dollar 10-year deal with Dutch bank ABN AMRO, the second major European outsourcing win for the company in the last month. The deal is likely to bring cheer to Big Blue, following its recent "disappointing" third-quarter results. The deal includes a private IBM cloud, mobile computing, managed …
Kat Hall, 01 Dec 2014

BlackBerry results not as bad as they possibly could have been

Year-end financial results from BlackBerry appear to show a company stemming the losses and slowly gaining ground, but with a very long climb ahead and no proof it's going to make it. Revenue for the year ending March 2 was $11.1bn, resulting in a loss of $646m, which is grim compared to last years' profit of $1.1bn - but wasn't …
Bill Ray, 28 Mar 2013

Microsoft CFO quits as quarterly results fail to sparkle

Microsoft has released its financial results for the third financial quarter of 2013 and the results make uncertain reading for CEO Steve Ballmer, who is also about to lose his chief financial officer Peter Klein. Redmond reported revenues of $20.49bn for the three months ended 31 March, up 17.2 per cent year-on-year, and …
Iain Thomson, 18 Apr 2013

As promised, AMD posts disappointing financial results

AMD has released its financial results for its second quarter 2012, and as they had warned earlier this month, revenues dipped by 11 per cent from the previous quarter, hitting $1.41bn. "Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made …
Rik Myslewski, 19 Jul 2012
Samsung Galaxy S6

Samsung Electronics' sales go OVER A CLIFF

Samsung Electronics, the phones-and-chips-and-tellies arm of the Chaebol, has reported a nasty set of numbers for 2015's first quarter. Let's go straight to a slide from the earnings call to show you just how nasty it is. Samsung Q1 2015 sales and profits Samsung Electronics Q1 2015 results. Click here to embiggen Those …
Simon Sharwood, 29 Apr 2015
arrow pointing up

Rackspace posts double-digit jump in sales and profits

Cloud purveyor Rackspace clocked up sales of $1.79bn (£1.16bn) for its full-year 2014, a 17 per cent increase on 2013, while net income rose 28 per cent to $110m (£73.1m). Fourth-quarter net income at the cloudy firm was particularly strong, increasing 80 per cent to $37m (£24m) on revenue up 16 per cent to $472m (£306m). But …
Kat Hall, 18 Feb 2015
Kim Jong-un

Sony blames NORK The Interview cyber strike for delayed Q3 report

Sony plans to delay its third-quarter financial results and has blamed North Korea’s crippling cyber attack on Sony Pictures Entertainment’s business systems. The media giant has asked Japan’s Financial Services Agency to extend its deadline by a month so it can compile the period’s results. Sony needs the extension so its film …
Gavin Clarke, 23 Jan 2015

Samsung and HTC: Gaze upon our EMBIGGENED numbers, pesky analysts

Cost-cutting and better-than-expected mobile shipments helped Samsung Electronics and HTC trash analysts' profit forecasts, according to both firms' unaudited Q1 data. Results from the Korean chaebol took a turn for the worse in 2014 as demand for its smartphones and tabs crashed, causing an inventory pile-up that proved costly …
Simon Rockman, 07 Apr 2015
David and Goliath in the Valley of Elah

Mutant upstart Nimble embiggens revenues - and losses, too

Hybrid array storage start-up minnow Nimble Storage saw revenues grow strongly in its latest quarter, though not enough to trouble mainstream storage vendors. Revenues in its first fiscal 2016 quarter, ended April 30, were 53 per cent higher than a year ago at $71.3m, with a net loss of $29m: it was $19.6m a year ago. …
Chris Mellor, 27 May 2015
Cat on computer

Apple dealer CANCOM: We're RAKING IT IN

Apple dealer CANCOM has announced whopping third-quarter results, way in excess of the same period last year, citing that old favourite "solid business demand". The German firm has reported raking in €208.4m worth of sales revenue in the last quarter, compared with €142.3m during the same period in 2013. This all works out to …
Team Register, 30 Oct 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Symantec: Look at our Q4 numbers ... no, not those ones

The road to separation continues to be anything but smooth for Symantec’s security operation, particularly on the consumer front, as it again suffered from sales shrinkage, unlike the breakaway storage biz. In the last set of full year numbers from the firm, sales fell three per cent to $6.5bn, including a four per cent slip in …
Paul Kunert, 15 May 2015
HP Logo splitting in two

HP beats the street on earnings, misses on revenue in Q2

HP has announced its results for its second fiscal quarter, and the news is mixed. The market expected the company to post earnings of 85 cents on US$25.64 billion in revenue. The company trumped the earnings figure by announcing it delivered 87 cents per share, but missed on revenue with a figure of $25.45bn. That's down seven …
Simon Sharwood, 22 May 2015

RM has been schooled: Sales fell by over £69m in fiscal 2014

The downward pressure on school budgets, the shuttering of the PC production line and the shift from reselling hardware sucked almost £70m in sales out of education supplier RM last year. The company reported turnover of £202.5m for the fiscal 2014 ended 30 November, down more than 22.5 per cent year-on-year, with the Education …
Paul Kunert, 02 Feb 2015
Lock security

Check Point buys bare-metal security upstart Hyperwise

Check Point has pounced early to buy up stealth-mode security startup Hyperwise, which does sandboxing on the CPU itself rather than in the OS. Financial terms of the deal, announced on Wednesday, were not disclosed. Israel-based Hyperwise’s CPU level threat prevention technology is designed to throttle malware-based attacks at …
John Leyden, 18 Feb 2015
Hadoop

Quarterly losses double at Hadoop hawker Hortonworks

Open source Hadoop purveyor Hortonworks doubled its quarter-on-quarter net losses in the first quarter of 2015 to a loss of $40m (£25m). Meanwhile, revenue rose 167 per cent to $22.8m (£14.5m). For its full-year, the company estimates a net loss of between $78m (£50m) and $84m (£54m). In its previous full-year results, it …
Kat Hall, 13 May 2015
HP

HP gulps down Aruba Networks for $3bn

After a period of abstinence from mega buys, HP has dipped into its cash reserves to find $3bn (£2bn) for wireless infrastructure biz Aruba Networks. The deal will form a welcome plug to HP's sliding network biz, which fell 10.8 per cent to $562m (£365m) in the company's first quarter results last week. Aruba posted sales of $ …
Kat Hall, 02 Mar 2015
Hot air baloon, image: Shutterstock

IBM trades cold comfort for hot air in Microsoft-AWS slugfest

IBM is at it again. Earlier this year IBM claimed to be the world’s largest cloud provider, trumpeting a $7bn cloud run rate. By conflating a variety of definitions of “cloud” (including, ironically, hardware), IBM hoped to earn itself a place on the cloud computing podium. It didn’t work. And so, despite Amazon and Microsoft …
Matt Asay, 14 May 2015

PRE-SPLINTERED Symantec's Q2 revenue slips, net profit rises

Symantec has reported mixed second quarter results, with revenue down one per cent on the year, but net profit rising by the same amount. The company saw revenue of $1.62bn for its second fiscal 2015 quarter, compared with revenue of $1.64bn a year ago (a fall of one per cent), and $1.74bn in the previous quarter. Net profit of …
Chris Mellor, 06 Nov 2014
Woman packs up contents of desk. Image via shutterstock

NetApp consciously uncouples from 500+ staff

We're hearing NetApp has laid-off up to 512 staff world-wide in a cost-cutting exercise before its full-year results come out later today. There are reports that some 200 staff are going from its Research Triangle Park facility in North Carolina. WRAL TechWire says 15 per cent of the RTP facility have received pink slips, …
Chris Mellor, 20 May 2015

Hear that sound? It's the Windows XP PC bubble popping

The XP bubble has well and truly burst, leaving the UK channel awash with unwanted commercial PCs and vendors facing a costly write-down to clear a mountain of misery. Microsoft ending support for the creaking operating system last April revived the industry in 2014, but it seems vendors forgot the sales cycle and that their …
Paul Kunert, 11 Feb 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Extreme Networks restructures again, promises SDN pivot

The indifferent revenue growth and ongoing losses announced earlier this month are having the usual effect on vendor Extreme Networks: it's announced a restructure. On May 6 the sixth CEO to pass through Extreme's C-level rotating door in nine years, Ed Meyercord, called the latest quarter's results “disappointing”, a pretty …

DRAM-firm-fattened flash bods double last year's profits

Memory/flash chip maker Micron, fattened with Japanese DRAM firm Elpida, has recorded record revenues of $4.57bn. Its first quarter of fiscal 2015 finished with a bang on December 4, 2014, delivering revenues 13 per cent higher than a year ago and eight per cent up on the fourth fiscal 2014 quarter. Profits of a round billion …
Chris Mellor, 07 Jan 2015

What just went down on Intel for three months? Er, PC and mobile chips

Intel announced its earnings based on its new financial reporting structure for the first time on Tuesday, but despite having lumped its ailing Mobile & Communications unit in with its PC Client business, there was no hiding that the three months ended on March 28 were a tough quarter for Chipzilla. Total revenue for the first …
Neil McAllister, 14 Apr 2015

Arrow CEO: Q4 was a 'record' quarter

In an alternative reality where one-off charges are meaningless, Arrow Electronics reported a healthy profit hike for calendar Q4 – however, in this (real) world, the picture was somewhat different. The distie colossus posted big sales of $6.39bn, up four per cent on the same period a year earlier, and this was without making …
Paul Kunert, 05 Feb 2015
Quantum_StorNext_Foundation_Pro

Shrinking tape, dedupe dumps... PAH! Just scale up scale-out – Quantum

StorNext scale-out storage is now a bigger business for Quantum than its deduplicating disk arrays. Quantum’s preliminary third fiscal 2015 quarter results show revenues below guidance at $142m but profits as predicted at $7m as it manages its shrinking tape automation business well. The OEM tape automation business shrank 31 …
Chris Mellor, 14 Jan 2015
Hortonworks logo

Big data = big loss for Hadoop-flinger Hortonworks

If the future of big data is Hadoop, those peddling it still have a long journey ahead of the them. Newly IPO'd Hortonworks' inaugural results show a company whose losses are growing as its business expands. Further, it’s not subscriptions to Hortonworks’ implementation of the open-source Hadoop that are growing most – it is …
Gavin Clarke, 25 Feb 2015

Revenue drops at IT giant CSC... 'Good progress' says chief

Revenue at CSC fell by 3.4 per cent to $3.08bn for the firm's second quarter as "transformation efforts" took hold at the IT giant. Meanwhile, operating income fell 3.3 per cent compared to the same period last year – to $340m. Half-year net income fell by $112m to $307m, compared with the first six months of 2013. Sales were …
Kat Hall, 07 Nov 2014
Vmware cloud logo

VMware's growth plans are ripening nicely

VMware's posted another set of good-looking numbers, with the company's first quarter results for 2015 exceeding expectations. The company hauled US$1.51bn through the door in the year's first three months and produced non-GAAP net income of $196m. The first number is an 11 per cent improvement on 2014's first quarter, but …
Simon Sharwood, 22 Apr 2015

WD: Enjoying our $630m, Seagate? Let's ruin your day with our results

It might still be smarting from the $630m it just doled out to Seagate, but WD widened the gap between itself and its arch competitor with its fourth quarter and full year results. Overall, the world's biggest HDD maker sold more drives more profitably - and coped with the PC downturn better. Revenues for WD's fourth financial …
Chris Mellor, 25 Jul 2013

CSC picks up axe, takes aim at its own profitable bits

CSC confirmed last night it is to split the US public sector biz from the rest of the group – the only division last quarter where sales aren’t dropping and which generates the highest operating profit. As expected, the hard-pressed integrator is to hive off the operation into a separately listed company, with sales of $4.1bn …
Paul Kunert, 20 May 2015

Arista revenue rises to US$179 million in March quarter

Arista Networks has reported continuing growth, taking its revenue to US$179 million, but at the cost of a slimming of its margins to 65.8 per cent (down from 69.4 per cent a year ago). The revenue growth was strong at nearly 53 per cent higher than a year ago, but it slowed at the end of the period and was only 3.2 per cent up …

Opinion

Photo of HP Enterprise office
Apple Mac Mini late 2014

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears

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