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Articles about Results

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
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

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

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
Suitcase bulging with cash

Cisco pursuing bribery investigation in FSU countries

Cisco is investigating the probity of unnamed resellers in Russia and other former Soviet Union countries, to determine whether or not it could be exposed to violations of US anti-bribery laws. The company first discussed the allegations in this December 23 blog post, which went under the radar in the lead-up to Christmas. The …
LanhamNapier

Rackspace shares pummelled by CEO retirement shock

Hosting provider Rackspace delivered good results on Monday along with the shock news that its chief executive Lanham Napier would be stepping down. The Texan hoster-turned-cloud-seller reported a solid set of results for its fourth quarter of 2013 with net revenue of $408m, up 16 per cent from the fourth quarter of 2012 and …
Jack Clark, 10 Feb 2014
HP cloud

HP rides data center growth out of sludgy IT market

HP has reported better than expected financial results on the back of strong server sales and – unexpectedly – good performance in the struggling PC market. The IT company reported an earnings-per-share of $0.90 and a net revenue of $28.2 billion on Thursday for its first fiscal quarter results, beating analyst expectations of $ …
Jack Clark, 20 Feb 2014
Zombie cloud

What's a right pain in the ASCII for IBM? Its own leech-like hardware biz

IBM's earnings for the first quarter of the year show that the company's hardware division has turned into a leech sapping Big Blue's profits. IBM's total revenues for the quarter were $22.5bn, down four per cent on an annual basis and earnings-per-share are $2.54. This represented the eight consecutive quarter of declining …
Jack Clark, 16 Apr 2014
management analysis3

Tech Data granted one more stay of execution by NASDAQ

The NASDAQ Panel has granted Tech Data a final extension until the end of March to get its accounts up-to-date or face an embarrassing and costly de-listing. The tanker-sized wholesaler confirmed this in a brief filing today that it had until the 27th of that month to report restated results for each quarter in fiscal '14 ending …
Paul Kunert, 09 Dec 2013
Ciscoblood

Grimly determined Cisco reports weak earnings

Networking giant Cisco has reported weak results in line with its own muted expectations as it continues to face difficulties in emerging markets. The technology bellwether reported a net income of $2.5bn on Wednesday, representing an earnings per share of $0.47 on sales of $11.16bn for its fiscal second quarter, which beat …
Jack Clark, 12 Feb 2014

Windows 8 Euro PC sales SHOCKER: Results actually not bad

Windows 8 sent the PC market's heartbeat up a tick or two in the period either side of launch but the pulse was still far from racing. Then again no one expected it to be, save maybe for OEMs, which simply crossed fingers and closed their eyes tightly in the hope of an uplift in sales instead of the downward or flatlining curves …
Paul Kunert, 14 Nov 2012
Oracle's Iron Man 2 ad

Oracle: Our figures say hardware has flatlined, but we assure you it hasn't

Database and wannabe hardware giant Oracle has beat Wall Street expectations after nine disappointing months, and said cloud services are one of its three main growth areas for next year. The company reported its second-quarter results for its fiscal 2014 year on Wednesday, and surprised analysts by stemming the rot in new …
Jack Clark, 19 Dec 2013
Siege

Riverbed: We don't want your steenkin' $3.1 BEELLION

Jerry Kenelly's Riverbed board has declined billionaire activist investor Paul Singer's Elliott Management's unsolicited bid for Riverbed. A Riverbed statement said: "After consideration with independent legal and financial advisors, [the firm] has unanimously determined not to pursue the unsolicited proposal from Elliott …
Chris Mellor, 17 Jan 2014

Violin CEO gazes at red-smeared accounts: Firm posts $149m loss

Incoming CEO Kevin DeNuccio has presided over Violin Memory's first quarterly results since assuming the hot seat and painted a real poor picture. The only way is up, right? It's traditional; an incoming CEO rescuing a troubled firm clears out all the lousy items on the first earnings call to help make subsequent ones look good …
Chris Mellor, 07 Mar 2014
management strategy3

What, another one? Violin appoints its third EMEA boss this year

Whoosh! It leaves you dizzy, the rate at which Violin Memory installs and then replaces its EMEA bosses. The latest incumbent is Mick Bradley. He is announced as the EMEA MD, promoted from the VP Operations slot and now listed on Violin's management webpage. The prior incumbent, Stephen Rose, was senior veep for EMEA and Latin …
Chris Mellor, 20 Nov 2013
Red pen

Phoenix IT Group shares plunge on loss of £2m contract

A brief statement from Phoenix IT Group confirming it has lost a £2m contract with a supplier sent the share price into free fall this morning and caused a big dent in the market cap. The loss-making IT services firm - a third party maintainer which also sells direct to customers - provided very little colour around the …
Paul Kunert, 28 Oct 2013
wall_street

Apple blows past (most) Wall Street moneymen's expectations

After Apple announced its new iPad Air and iPad mini with Retina display last October, CEO Tim Cook offered the hopeful opinion that "it's going to be an iPad Christmas." Turns out his hopes were fulfilled. Apple has announced its financial results for the first quarter of its fiscal 2014 – which happens to coincide with the …
Rik Myslewski, 27 Jan 2014

AMD fools Wall Street, posts smaller loss than expected

A day after its competitor Intel posted financial results for its most recent quarter that came in slightly below analyst's estimates, AMD bucked that disappointing trend – but it's not quite out of the woods yet. AMD reported its second quarter results on Thursday after markets closed, and reported a loss of $0.09 per share ( …
Rik Myslewski, 18 Jul 2013
WD Caviar Green 2TB

Growing revenues, profits on the up: WD sails on serenely

WD’s latest quarter shows untroubled growth as the disk drive business sails serenely on, untroubled by any flash storm. For its second fiscal 2014 quarter, ended Dec 27, 2013, revenues were a clean $4bn, nicely up from the first quarter’s $3.8bn and the year-ago quarter’s $3.8bn. Net income was $430m, lower than the previous …
Chris Mellor, 23 Jan 2014
hands waving dollar bills in the air

VMware sucks more customers into its virtual orbit

VMware's third quarter earnings for 2013 comfortably beat analysts' estimates, driving the virty company's share price up, though there is little evidence of major spending on the company's attempt at building an Amazon-whipping cloud. Just last quarter, the company had suffered from sludgy license revenue growth but trousered a …
Jack Clark, 21 Oct 2013
Scrooge McDuck

Lenovo cracks its first ever $10bn quarter

Lenovo sold a record-breaking 32.6 million pieces of kit in the last quarter, passing the $US10 billion (£6bn) revenue milestone for the first time. The PC giant’s third fiscal quarter ending 31 December saw revenue up 15 per cent year-on-year to $10.8bn (£6.5) and profits up even more, growing 30 per cent to $321m (£193m). The …
Phil Muncaster, 13 Feb 2014

Tech Data to close lid on accounting nightmare TOMORROW

Tech Data is about to wake up from the restatement nightmare that has troubled senior execs for nearly 11 months when it reports delayed fiscal '13 numbers tomorrow. The world's second largest tech wholesaler revealed in March that it discovered errors in vendor accounting which could wipe up to $33m off its bottom line for …
Paul Kunert, 04 Feb 2014

Spinning rust woes: NetApp bumps along bottom while EMC soars

IDC’s quarterly disk storage factory shipments tracker shows NetApp losing ground for three quarters in a row while EMC powers on to storage glory. Dell is down too. What’s up? The impressive growth performance of NetApp has stopped according to IDC, whose tracker looks at external disk and total disk storage factory revenues …
Chris Mellor, 13 Mar 2014
Confused computer keyboard

'Please don't make me spend more time with my family...'

I was finishing up a few things in the office well after 6.00pm when I got a call from one of our clients, a well-known OEM and off-the-page seller whom I visited twice a year and who readily accepted and acted on advice and ideas. He was due to meet his bank manager the following morning with draft annual results which would …
Eddie Pacey, 14 Feb 2014

Distie giant Tech Data's profits collapse amid beancounter probe

Fresh from restating P&L accounts for fiscal 11', '12 and '13, box-flinging demon distie Tech Data has released some delayed numbers for the nine months to 31 October and they make for happy reading… if you are a rival. The world's second largest tech wholesaler earlier this month published a report on the embarrassing …
Paul Kunert, 25 Feb 2014
5_pounds_sterling_money_cash_moolah

WHOMP: Mega UK services player Phoenix IT falls back into the ashes

There was no sound of popping champagne corks at Phoenix IT Group this morning – just anguished cries coming from the boardroom as execs warned trading results are getting worse. The LSE-listed IT services player pushed out an interim Q1 2014 statement covering 1 April to 30 June, saying it "continues to be cautious" about its …
Paul Kunert, 01 Aug 2013
Footing

Fusion-io posts another loss-making quarter but execs remain bullish

For flash fettlers Fusion-io's finances, it isn’t spring yet – but nor is it the bleak mid-winter. Revenues are starting to look as if they are on a solid footing with sequential growth and reduced losses. Fusion-io makes PCIe flash cards and has suffered wrenching senior management changes, including the departure of the …
Chris Mellor, 23 Jan 2014
Scrooge McDuck

Amazon mints a BILLION BUCKS from its cannibal cloud

Amazon's cloud division has brushed off competition from Google and Microsoft to report record revenue of $1.234bn, and grew its business abroad to historic highs as well. Amazon took in $1.234bn in cash in its "other" revenue segment in the fourth quarter of 2013, the company announced on Thursday, up from $1.011bn in the …
Jack Clark, 30 Jan 2014
Suitcase bulging with cash

Tech Data execs: Nooooo... It's the INCREDIBLE SHRINKING payslip

It's tough at the top. Just ask senior execs at distie titan Tech Data, who took home a smaller pay packet in fiscal '13 as sales and profits slipped. But don't feel too sorry: CEO Bob Dutkovsky made $4.2m in total comps for the financial year ended 31 January, down 2.5 per cent from $4.31m in the previous 12 months. His base …
Paul Kunert, 07 Feb 2014

Chromebooks, phones ... how PC maker Asus hopes to stay in the black

Trade has been brisk for Taiwanese slab-cum-notebook builder Asustek, but the shine has not yet returned to its financial figures. According to fresh paperwork filed by the company, sales for the third quarter of 2013 came in at NT$107.44bn ($3.6bn, £2.2bn), a slide of four per cent on the same period a year ago but a gain of 19 …
Paul Kunert, 14 Nov 2013
channel

Quantum shares plunge after results

Revenues for the third quarter of fy2012 were $173m, 2 per cent down on the $176m of a year ago. Net income was $3.94m, down from the $5.8m recorded a year ago. These earnings exceeded the Street's expectations so why did investors decide to sell the shares? It could be the decline in both revenues and profits. Why did this …
Chris Mellor, 27 Jan 2012
management governance3

Clock ticking for IT distie Tech Data to end accounts probe

IT channel biz Tech Data has until September to get its house in order - because that's when it must file all its delayed financial reports to regain compliance with NASDAQ rules. The world's second largest tech distributor missed the deadline for filing its Q1 2013 results this month, some 45 days after the end of the quarter …
Paul Kunert, 20 Jun 2013

Not your father's spam: Trojan slingers attach badness to attachment WITHIN attachment

Cybercrooks are upping the ante by loading malware as an attachment inside another attachment in a bid to slip past security defences. A new variant of the Upatre Trojan comes bundled in spammed messages that imitate emails from known banks such as Lloyds Bank and Wells Fargo. The .MSG file of the malicious emails contains …
John Leyden, 08 Apr 2014

NetSuite's Nelson mocks SAP for halting work on its, er, 'NetSuite-killer'

NetSuite has slapped down business software rival SAP for abandoning mid-market customers hungry for Software as a Service (SaaS). Zach Nelson, NetSuite chief executive, said SAP’s decision to stop developing its Business ByDesign service proved the danger of relying on a “last generation provider” like SAP for cloud services …
Gavin Clarke, 25 Oct 2013
graph up

DiData claims strong trading in interim results

Dimension Data reported a "strong trading performance" for its third quarter, which should reassure its soon-to-be parent NTT. The South African-spawned, London-listed distie said turnover in constant currency was up 22 per cent for the period ending June 30, albeit against a relatively weak quarter last year. It highlighted a …
Joe Fay, 19 Aug 2010
BT Openreach van

BT's new boss reports flat sales and pre-tax profit tumble

BT's freshly installed chief executive Gavin Patterson told the City today that revenue had edged up to £4.49bn, while profit before tax fell 10 per cent to £499m during the company's second quarter. In a cautious-sounding statement, Patterson said that the three months ended 30 September had produced "good results" for BT. He …
Kelly Fiveash, 31 Oct 2013
arrow pointing up

ISP-operated servers alter search results, researchers claim

Search engine requests are being altered to redirect users to specific websites in a "stealthy" system that benefits advertisers, US researchers have claimed. "Malicious servers" operated by internet service providers (ISPs) redirect users to websites relating to the information they have searched for using search engines …
OUT-LAW.COM, 09 Aug 2011
IBM CEO Ginni Rometty

IBM's top brass forgo bonuses after drop in yearly profits

IBM's top execs are forgoing their bonuses this year after a five per cent drop in sales and a per cent dip in net profit. Chief executive Ginni Rometty and other senior management will graciously eschew their presumably performance-related bonuses since the company's performance has not been all that great, particularly in its …

HP: Autonomy overstated 2010 profits, cuts them by 81 PER CENT

HP has filed at the UK's Companies House the results of an audit of the 2010 financial results of two of Autonomy's eight divisions, which says that the UK software firm's revenues were actually just 54 per cent of its initially stated figure, and that their profit figure for the year needs to be cut by a whopping 81 per cent. " …
Iain Thomson, 04 Feb 2014
Isilon 3-node S200

Federal squeeze hits EMC as revenues and profits nose downwards

The US federal spending shutdown has hit EMC's results, causing declines in both revenues and profits compared to the previous quarter. In comparison, rivals VMware saw accelerated double-digit year-over-year revenue growth; no federal shutdown effect visible there. Third quarter revenues of $5.5bn were $100m less than the …
Chris Mellor, 22 Oct 2013

Samsung isn't alone: HTC profits take a huge dive

Troubled smartphone vendor HTC has released its latest unaudited quarterly results, and they're not good – profits are down 83 per cent when compared with the same period last year. HTC stock price for the last two years The last two years haven't been kind to HTC shareholders In the second quarter of 2013, HTC reported …
Iain Thomson, 06 Jul 2013

Northamber grabs ladder, claims PC market burning

Northamber's colourful chairman is forecasting a "more worthwhile future" - one that is less dependent on tech hardware - but the latest financials still bear the scorch-marks of attempts put out its burning PC biz. The UK's oldest tech wholesaler has been rather more quiet since listing on AIM, which means the company no longer …
Paul Kunert, 07 Mar 2014

AMD avoids a red-ink-stained quarter for once, market says 'meh'

Perennial chip challenger Advanced Micro Devices (AMD) has posted a profit for the third quarter of 2013, a turnaround that has failed to excite investors. The good news is that AMD hauled $US1.46bn through the door during the quarter, which means it was in the black by $95m, or 0.06 per share, according to generally-accepted …
Simon Sharwood, 18 Oct 2013
channel

Fusion-io flash results explode

Fusion-io's first quarterly results since its IPO show revenues exploding, and it is buying IO Turbine for virtual server caching software on the back of that. PCIe interface ioDrive flash memory cards from Fusion-io accelerate server applications because they don't have to wait for data to be fetched from slow and sometimes …
Chris Mellor, 05 Aug 2011
g_cloud_uk_gov

Titsup CloudStore reanimated... without the search function

Government tech services catalogue CloudStore is back up and running, albeit with a limited search capability. The portal was closed for maintenance on Friday night for weekend maintenance but didn't open for business as usual yesterday and was still closed this morning. Updates to the record and search indexes led to some …
Paul Kunert, 12 Nov 2013

VMware wanted to keep its VSAN pricing secret – now it's all over the web

VMware launched its VSAN virtual storage array today, and the feedback was generally positive – with one sticking point: VMware's decision to withhold pricing information until "the week of March 10." The lack of official pricing is causing more than just snarky comments among IT buyers: many competing server SAN providers are …
Trevor Pott, 06 Mar 2014
Stradivarius violin reproduction

Violin Memory axes 100 staff, mulls fate of PCIe flash card biz

Violin Memory is laying off staff and hopes to sell its PCIe flash card business as new-broom CEO Kevin DeNuccio tries to get the storage biz profitable. DeNuccio is dismantling the excesses of the Basile era of Violin Memory and retrenching and refocussing the business on its core market: all-flash arrays. The strategic …
Chris Mellor, 21 Feb 2014

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

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