The Channel logo

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
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
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

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
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
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

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 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
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

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
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

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

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

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

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

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
Larry Ellison

Oracle in dollar bother – but Larry's in a fighting mood over cloudy future

Larry Ellison appears unbothered by Oracle's third-quarter revenues remaining flat at US$9.3bn, despite that sum disappointing financial analysts. Big Red revealed its recent results today, and GAAP net income for the three-month period ended February 28 was $2.5bn, down three per cent year on year, or 56 cents per share. …
Iain Thomson, 18 Mar 2015
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

IBM feathers pillow with System z cash – but still losing sleep after 12 quarters of decline

IBM weathered a tough first three months of its fiscal 2015, reporting its twelfth successive quarter of year-on-year revenue declines. As has become a common refrain among tech execs, Big Blue CFO Martin Schroeter blamed some of the company's woes on unfavorable foreign exchange rates. But even correcting for currency …
Neil McAllister, 20 Apr 2015
Ciscoblood

Cisco revenue dip means 6,000 staff to be de-assimilated

Facing rising competition, Cisco has announced another round of layoffs – 6,000 – in financial results that beat analyst expectations but were still flat. Presenting the company's latest quarter results, CEO John Chambers announced the latest round of layoffs, but was at least able to give a sliver of good news, with revenue …
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Fibre Channel's looking a bit flat. Bad news for these three firms

Comment The Fibre Channel trio, Brocade, Emulex and QLogic, are seeing declining popularity in their SAN storage networking businesses and need to find growth elsewhere. As we have seen with Emulex and QLogic's results, Brocade has found growth through better business efficiencies but the basic Fibre Channel market is widely seen as a …
Chris Mellor, 23 Feb 2015
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco ends Q1 an inch ahead of guidance

Cisco has farewelled its chief financial officer after announcing results that showed a still-beating heart somewhere in the giant switch market. Net income for the Borg's first quarter was reported at US$1.8 billion, on revenue of $12.2 billion, about US$40 million ahead of Wall Street's expectations. The company also announced …
Unisys sets LinuxWorld alight

Unisys looks to ‘streamline’ as losses increase, sales fall

Losses at mainframe maker Unisys plunged deeper into the red in the company's first quarter of 2015, falling a further $10 million (£6.6 million) to $27.4 million (£18.1 million). First-quarter 2015 sales fell 5 per cent to $721 million (£476 million), when compared with the previous year. The company hopes to makes savings of …
Kat Hall, 24 Apr 2015
Photo of a stack of $100 bills

IBM storage revenues sink: 'We are disappointed,' says CEO

IBM's storage revenues are continuing to slump, with the latest overall IBM results causing the abandonment of a long-term earnings/share goal. IBM's overall revenues for its third 2014 quarter were $22.4bn, down six per cent year-on-year and down 8.2 per cent sequentially. Net income was $3.5bn; it was $4.1bn in the previous …
Chris Mellor, 20 Oct 2014

Alca-Lu stems bleeding, squeezes costs

Alcatel-Lucent is slowly stemming the flow of blood, with IP routing its stand-out performer in the company's most recent quarterly results. In a set of often-depressing sales numbers, the company's IP routing revenues rose 2.2 per cent compared to the third quarter of 2013, the company said. That, however, wasn't enough to …

Nimble loses sales Mann as veep exits

Four months after joining from NetApp, Nimble's worldwide sales veep, Eric Mann, has walked, citing personal reasons. Mann joined Nimble last September, coming in with fellow NetApper Mark Parrinello, veep of Americas sales. At NetApp, Mann was SVP and general manager for Americas sales. He was with EMC before NetApp, heading …
Chris Mellor, 15 Jan 2015
Huawei HQ

Huawei bellows big revenue jump thanks to brisk 2014 phone sales

Huawei – which was backed by Britain last week despite repeated claims that the Chinese company's network kit could endanger national security – saw a 33 per cent leap in net profit for 2014. The privately held, employee-owned telecoms giant reported its full-year results this morning, when the firm's rotating CEO Ken Hu …
Kelly Fiveash, 31 Mar 2015
cake

Reseller SCC buys a slice of Fluidata

IT re-seller SCC has taken an undisclosed stake in London-based data connectivity outfit Fluidata, so as to further muscle into the infrastructure space. James Rigby, chief executive of SCC, said the investment will give the company access to the data telecoms market. "Fluidata positions SCC at the forefront of data centre …
Kat Hall, 23 Mar 2015

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper

Features

Hacked US CENTCOM Twitter account
Roll up, roll up, get your exclusive market insights
Wile E. Coyote goes over the edge again
money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals