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Articles about Results

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

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
Light at the end of the tunnel. Credit: Smabs Sputzer

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

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

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
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
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
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 …
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

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
wall_street

Whoops! Nvidia lets slip Q1 earnings early – and they're solid

An internal communications cockup forced Nvidia to release its first-quarter 2015 results two days early, surprising Wall Street with revenues and earnings that beat analysts' estimates. Nvidia had earlier announced that it would release this quarter's earnings report on Thursday, but when a preliminary draft of its results was …
Neil McAllister, 07 May 2014

AVG stung as search revenue from freebie scanners dries up

Security software firm AVG net income has fallen from $24.7m in Q2 2013 to $13.7mn in Q2 2014, according to financial results out Wednesday. The profits slide is explained by the slip in revenue from $100.4m in Q2 2013 to $88m in the three months running up to 30 June 2014. AVG responded to the results by revising its outlook …
John Leyden, 31 Jul 2014
IBM quarterly storage revenues

Clouds gathering above Big Blue's storage empire

The Big Blue IT colossus' storage revenues have carried on declining, with only FlashSystems showing growth, and stellar growth at that. Within the Systems and Technology segment of IBM's second quarter 2014 results, revenues from System Storage decreased 12 per cent - although flash storage grew more than 100 per cent. This is …
Chris Mellor, 21 Jul 2014

Life is good in the data centre – UKFast boss reports from hot tub

If life is hard in the data centre space, then someone forget to tell the boss of UKFast, who may just be toasting a bumper 2013 from the confines of his corporate hot tub. The Manchester-based hosting biz, which plies its trade from three fully owned bit barns in Trafford Park, posted results for last calendar year and they …
Paul Kunert, 13 Oct 2014

SEC: We won't slap IBM over its cloud revenue reporting

IBM has announced that it has avoided any regulatory action over the way it reports its revenues from cloud computing after the US Securities and Exchange Commission completed its investigation. The company said in a filing that it had been notified that the market authority wasn’t planning any action over its cloud business. “ …
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the lowest …
Neil McAllister, 18 Sep 2014
No Sale

NetApp: Revenues are down – but own brand kit wasn't to blame

Revenues down, profits up and no growth for three years: that's the picture from NetApp's first fiscal 2015 quarter results. The quarter finished on 25 July, and revenues were $1.49bn. They were $1.52bn a year ago, a 2 per cent fall, and $1.65bn in the previous quarter, 10 per cent less and a seasonal pattern. Net income for …
Chris Mellor, 14 Aug 2014
No Sale

NO SALE! Rackspace snubs all buyout offers, appoints new CEO

Rackspace says it has given up on plans to either sell itself or merge with another company, and to prove it the cloud hosting provider has named a new CEO to lead its next phase of independent operation. Rackspace had been considering "inbound strategic proposals" – meaning buyout offers – since May, when it brought in …
Neil McAllister, 17 Sep 2014
big droplets falling from rain cloud

Backup biz CommVault to Wall St: Cheer up, lads. We just need MORE SALES REPS

Results are in for CommVault, whose final 2014 quarter showed a revenue rise and a slight drop in profits, missing Wall St's estimates. But the biggest surprise to analysts was its concession that it had "under-hired" in Q4. The Simpana data protection and archiving software shipper found analysts were not sympatico when it …
Chris Mellor, 28 Apr 2014
Ocean yacht

Batten down the hatch- ... oh. Quantum's actually close to growth

It’s Quantum quarterly results time. The temptation is to immediately think same old, same old, but is its drawn-out recovery finally becoming visible? The top-line numbers don’t show it. First quarter fiscal 2015 revenues were $128.1m, almost $20m down on the year-ago quarter and a smidge up, just $100,000, on the previous …
Chris Mellor, 24 Jul 2014
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 …

Warm breeze of consolidation blows through Microsoft channel

A trickle of activity in the Microsoft small biz channel has seen Gold partner minnow Core Technology Systems devour small but perfectly formed on-prem and cloudy CRM consultancy Excitation. In a canned statement, Conor Callanan, CEO at Core, claimed the buy gives it a ready made CRM practice and “rounds out” its web-based …
Paul Kunert, 08 Sep 2014
Salesforce.com protest at Oracle OpenWorld

'I run my business from my phone' says Benioff as Salesforce shovels $93m into the furnace

Salesforce is in the fortunate business where it can simply raise its cloud-coated hand in the air and a fraction of the trillions of dollar bills being blown around the global economy will stick to it. At least, that was the message on the enterprise software-as-a-service company's first quarter earnings call for its fiscal …
Jack Clark, 20 May 2014
USB Stress Panic Button

US titan CSC: Our numbers are going nowhere this year

US titan CSC – you remember, the firm that botched the £10.1bn National Programme for IT – is bleeding out slowly, with revenues dwindling and income growth stalling. The bad news for investors and staff respectively is that things are not forecast to get better any time during this fiscal year, and the company is again …
Jasper Hamill, 08 Aug 2014
Microsoft campus

Microsoft bags more CASH – but profit's flat as Nadella waves axe

Microsoft posted solid yet unspectacular results for both the fourth quarter of its fiscal 2014 and the full fiscal year, even as investors braced for new CEO Satya Nadella to axe as many as 18,000 staffers. Revenues for the quarter beat analysts' estimates slightly at $23.38bn, a 17.5 per cent gain over the same period a year …
Neil McAllister, 22 Jul 2014

Dixon, Carphone hand their numbers to world +dog before the wedding

Dixons (excluding the impact of disposals) and Carphone Warehouse today reported profit spikes for fiscal '14 in what will be the last set of annual results the pair announce before the £3.7bn borg set for calendar Q3. The European Commission yesterday gave the thumbs-up for the merger to go ahead, creating a £12bn retailing …
Paul Kunert, 26 Jun 2014

EU privacy A-Team tells Google: Get a grip and obey OUR laws

The EU's advisory panel on privacy and data protection has warned Google to comply with Europe's laws in an unusually strongly worded statement. The Article 29 Working Party vowed to investigate if Google refused to abide by the European Court of Justice (ECJ) ruling – Google Spain v Gonzalez et al – that decreed Google was not …
Andrew Orlowski, 09 Jun 2014

How's VMware doing? Like a bull in a China shop, boasts virty beast

VMware revenues have risen 17 per cent on the back of the company signing several lucrative multi-year licensing agreements. The virtualization giant reported its second quarter of 2014 financials [PDF] on Tuesday, with revenues of $1.46bn and earnings-per-share of $0.81 both beating analyst expectations of $1.44bn and $0.79 …
Jack Clark, 22 Jul 2014
Violin_to Q2_Fy2015

All-flash array shipper Violin plays concerto after re-stringing

Violin CEO Kevin DeNuccio has cut the flash array shipper's losses to a fraction of what they were in their previous results, and grown revenue over the previous quarter. It’s still lower than a year ago, but a landmark for all that. Violin is no longer on the road to perdition. Growth should also accelerate as the new products …
Chris Mellor, 28 Aug 2014

VMware, Cisco, EMC lovechild to live in Big Daddy EMC's house

As rumoured, VCE, the three-way love child of VMware, Cisco and EMC, is to be absorbed into the EMC Federation this quarter. VCE builds and sells converged Vblock systems based on VMware’s virtualisation software, Cisco servers and networking and EMC storage. It is a startup and was jointly funded (up until now) by Cisco and EMC …
Chris Mellor, 22 Oct 2014
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
dixons

Carphone Warehouse, Dixons return from honeymoon with injured numbers

The marriage between Carphone Warehouse and Dixons is already affecting one partner's career, with the mobe peddler reporting a disappointing 17 per cent fall in revenue. The two firms announced a £3.8bn merger just over a month ago, with stock market trading beginning on 7 August. But the happy couple's first quarter numbers …
Jasper Hamill, 09 Sep 2014

Accounts probe stings IT distie giant Tech Data on the bottom line

The residual effects of Tech Data's accountancy blunder have emerged in the distribution goliath's figures for the first quarter of its new fiscal year. While the numbers published today show rising sales, profits – hit by a series of charges including a $12.2m cost related to the accounts cock-up – are well off the pace. Tech …
Paul Kunert, 29 May 2014
Red Hat Shadowman logo

Rising Red Hat reaps rewards of cloud growth

Open source software vendor Red Hat once again showed strong growth in the first quarter of its fiscal 2015, with rising revenues driven by strong sales to enterprise customers. "We now count 94 per cent of the Fortune 500 and 90 per cent of the Fortune Global 500 as customers," Red Hat CEO Jim Whitehurst said in a canned …
Neil McAllister, 19 Jun 2014
management strategy2

Insight grabs EMEA sales and marketing veep

Insight has plucked a former Microsoft licensing honcho to run its sales and marketing function across EMEA, at a time when it is looking to move well beyond straight software transactions. Alexander Kaatz is joining the reseller titan to fill the shoes vacated by Ashley Gatehouse, who departed last autumn along with a bunch of …
Paul Kunert, 04 Aug 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

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

El Reg drills into IBM: The storage biz's got that sinking feeling

With the tremendous noise of chickens coming home to roost, IBM's first quarter storage revenues carried on crashing down with depressed revenues. We covered IBM's overall results here and pointed out that IBM's poor hardware product-based revenues were dragging the overall results down. Within that segment, storage results were …
Chris Mellor, 17 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
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
Nokia Lumia 610

Microsoft adds wireless industry legend John Stanton to its board

Microsoft has added some mobile expertise to its board of directors, signing up wireless pioneer John Stanton, the former chairman of broadband firm Clearwire. Redmond chief Satya Nadella made it clear in his chat about the firm’s full year results earlier this month that Microsoft wants to be “mobile first, cloud first” under …

EMC revenues are up. But, hey Joe, I heard you shot your profits down...

EMC sold a record $5.9bn of products and services in its second 2014 quarter, representing a stately five per cent year-on-year increase in sales - and a $400m boost over the first quarter of this year. EMC’s second quarter revenues are generally higher than its first quarter. Net income was $589m, 16 per cent down on profits a …
Chris Mellor, 23 Jul 2014
Vodafone UK booster brolly

Vodafone: Soz investors, we wrote down £6.6 BEELLION on Euro ops

Vodafone’s disappointing results pulled down the share price today after it announced a whopping £6.6bn writedown of its Europe operations. The impairment charges – which resulted in a group revenue slippage of 1.9 per cent from £43.8bn to £43.6bn – were due to competition and regulatory changes in Europe, said the telco. We …
Simon Rockman, 20 May 2014

Acer fairly sure it made a profit in Q1. Assuming it got the office tea-bag account right

Ailing Acer has told us "transformation plans" are on track despite generating a profit after tax of just NT$1m - or £19,600 - in the first calendar quarter of 2014. This titchy cash haul would cover a small bunch of non-golden parachutes for execs that want to bale: or equates to a £2.80 handout for each employee in the company …
Paul Kunert, 08 May 2014
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

Opinion

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Chris Mellor

Why overlapping kit from a merger equals a disaster in waiting

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that