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Articles about Results

Q. What do you call a sales-growing letdown? A. Pure Storage

All-flash shipper Pure Storage delivered higher-than-expected revenue for its first fiscal 2017 quarter, but also had the first quarter-on-quarter revenue decline in its history since the IPO. Analysts thought it could have done better. Is this seasonality emerging for the first time or was there some other reason its turbo- …
Chris Mellor, 26 May 2016
George_Kurian

NetApp posts $8m loss as its pivot continues. Feeling comfy, George?

In its fourth fiscal 2016 quarter NetApp revenues were $1.38bn instead of the $1.425bn predicted at the mid-point of its last forecast, and the company made an $8m loss – the second in George Kurian’s tenure as CEO. The revenues were down 10.4 per cent on a year ago and 0.4 per cent from the previous quarter. A year ago NetApp …
Chris Mellor, 26 May 2016

It's been a breach-tastic year. And Sophos sales were good, apparently

Operating losses at security software firm Sophos have grown in its first year as a listed company – despite increased sales and an encouraging outlook overall. For the year-ending 31 March 2016, Sophos recorded an operating loss of $32.7 million on revenues of $478.2m. This compares to a loss of $0.5m on revenues of $446.7m …
John Leyden, 26 May 2016
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Hardware sizzles for HPE – and brings home the bacon

Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise. For the three months ended 30 April (second quarter fiscal year 2016 – summary, tables [PDFs]), HPE's turnover edged up one per cent …
Paul Kunert, 25 May 2016
Mark Lawrie of CSC and Meg Whitman of HPE in the video announcing the merger of their services operations

HPE spins out enterprise services business into CSC

HP Enterprise (HPE) has spun out its enterprise services business into CSC, creating an entity with US26bn of revenue. HPE has made lots of noise about turning around its services division, largely by aggressively reducing its headcount. In this move, HPE will be senior partner in the new entity by revenue and headcount but …
Simon Sharwood, 25 May 2016
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Salesforce claims 'record' quarter record at Oracle and SAP's expense

Salesforce has claimed its “best ever” year opening - at the expense of Oracle and SAP - while committing a growing portion of its cloud to AWS. The SaaS provider bounced back into the black for the first three months of 2016, its fiscal 2017, reporting net income of $38m. Revenue was up 26.8 per cent to $1.91bn, leaving …
Gavin Clarke, 19 May 2016
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Dell Storage Centre: Following more than one of our series? Here's the remote

Dell says its Storage Center OS v7.0 adds deduplication and compression to make more efficient use of flash memory. It also adds common management and cross-replication for SC and PS series kit. SC, or Storage Center, is the operating system software for Dell's SC series arrays, originally branded Compellent, and generally …
Chris Mellor, 19 May 2016

Remember when gov.uk said it would give big biz contracts to SMEs?

The Cabinet Office has lost its enthusiasm for prising open Whitehall's wallet and handing more cash to SMEs, according to a report by the Committee of Public Accounts today. Back in 2010, the government pledged to carve off 25 per cent of its £45bn spend in goods and services to small businesses. But today the committee said …
Kat Hall, 18 May 2016
Tabby cat cuddles roll of one-hundred dollar bills. Photo by Shutterstock

Got $130,000 down the back of the sofa? Great. Grab an HP 3D printer

The first of HP Inc’s much-delayed (and cynics might say over-hyped 3D printer) is to hit the market “late” this year – launching into a crowded space with a challenger device the firm hopes will brighten its future. The Jet Fusion 3D 3200 will sell for $130,000 – add another $25,000 for services including post-processing …
Paul Kunert, 17 May 2016

Symantec antivirus bug allows utter exploitation of memory

British white hat hacker and Google Project Zero chap Tavis Ormandy is making life miserable for Symantec again: the bug-hunter has turned up an exploitable overflow in “the core Symantec Antivirus Engine used in most Symantec and Norton branded Antivirus products”. Described here, the problem is in how the antivirus products …
Google bikes outside Google HQ. Photo by Randy Miramontez/Shutterstock - for editorial use only.

EU mulls €3bn fine for Google

The European Commission may impose its largest ever fine on a company for misbehaving - and for Alphabet's Google, it could just be the start. The Sunday Telegraph reports that the Commission is considering a fine “in the region of €3bn” for Google’s anti-competitive search practices - or around half of Google’s European …
Andrew Orlowski, 16 May 2016
4 arrows signs in arrow on wooden wall

Acer made less than £1m profits in Q1 as forex rates bit hard

Ailing Acer – one of the PC makers considered at risk of vendor consolidation – has made an inauspicious start to calendar year 2016 as sales and profits tumbled. The Taiwanese business today reported revenues of NT$56.32bn (£1.19bn) for the three months ended 31 March, down 17.1 per cent on the prior year’s stats. It didn’t …
Paul Kunert, 12 May 2016
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I'm in, says insolvency expert, grabs chair on board of Dragons’ Den star's firm

An insolvency and restructuring veteran has taken a seat at the board of moribund cloud services firm Outsourcery as one of the requisite Ts&Cs to secure a funding lifeline from Vodafone. The AIM-listed firm run by former Dragons’ Den badass Piers Linney and joint-CEO Simon Newton revealed David Duggins, senior advisor at …
Paul Kunert, 12 May 2016
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016
NYSE

Violin faces second NYSE delisting threat

Violin Memory is facing a second NYSE delisting threat. The company makes all-flash arrays and its revenues have been so low for so long as to result in a falling share price. The NYSE, which lists Violin’s shares, told it by letter on April 27 that it was facing delisting because its average capitalisation over a 30-day …
Chris Mellor, 09 May 2016
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Experian Audience Engine knows almost as much about you as Google

We have grown so used to credit reference giants like Experian knowing almost as much about us as Google, but unlike Google, they put this information up for sale. This is perhaps why we have forgotten that Experian could form the basis of one of the most powerful personal intelligence systems in the world. And that it is a …
Faultline, 09 May 2016

How 'flexible' can the UK actually be on EU data protection law?

If EU member states can, by law, exercise legislative “flexibility” when implementing 50+ Articles of the General Data Protection Regulation (GDPR), how can the regulation ever become harmonised across European Union? Pose this important question another way: given that the UK government intends to use legislative flexibility …

Argos defection to Tech Data whips Ingram Micro's bottom... line

The loss of a retail supply contract with Argos helped push Ingram Micro’s European sales growth into the barrier’s during car crash Q1 financials. The US-headquartered tech distributor reported sales of $2.66bn on this side of the pond for the period ended 31 March. This was down 13.35 per cent year-on-year. Ingram is being …
Paul Kunert, 03 May 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
Amazon CEO Jeff Bezos

Amazon's AWS cash machine embiggens, breezes past $2bn-a-quarter mark

Amazon has reported bumper first quarter results, with profits of $513m and sales increasing 28 per cent. In its previous quarterly results Amazon's stock took a beating after the company reported a lower than expected sales. After Thursday's results, the company was back in favor and saw its stock price rise over 10 per cent …
Iain Thomson, 28 Apr 2016

Chomp! Barracuda gets its bite back after turning a profit again

The sum of $83.7m exceeded Barracuda’s revenue estimates for its fourth fiscal 2016 quarter, ended Feb 29, 2016. It was a 16 per cent rise year-on-year and a 4.5 per cent rise quarter-on-quarter. There was a $3.2m net profit, pleasing after five straight loss-making quarters. The full year revenue number was $320.2m, 15.4 per …
Chris Mellor, 28 Apr 2016
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You're only young but you're going to die: Farewell, all-flash startups

Comment Following news of its restructuring there will inevitably be layoffs at X-IO’s Colorado Springs facility. We hear that the company is working to get staff employment with other companies. The situation is fast-developing and X-IO’s concern is its employees and not the media, so we'll hear more later. Our interest here is not …
Chris Mellor, 27 Apr 2016
Big cloud, image via Shutterstock

Outsourcery inks Vodafone finance deal as selloff rumours grow

Sickly slinger of cloud services Outsourcery has signed a finance deal with Vodafone to keep the wolves from the door as it prepares to restructure – or do what some are interpreting as readying itself for a sale. The AIM-listed bringer of infrastructure, apps and UC services revealed at the start of this week it is again …
Paul Kunert, 27 Apr 2016
Shouting match

Blighty's SMB tech ranks bitterly divided on Brexit

Britain’s membership of the EU has small tech firms divided. A survey of owner-managed businesses by accountant Moore Stephens found 60 per cent of SME owners would vote to stay in the EU with less than one-in-five (17 per cent) supporting Brexit. Mark Lamb, a partner at the firm, said: “Owner-managed businesses are concerned …
Marcus Gibson, 27 Apr 2016
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Cloud gear biz Outsourcery is running out of cash. Again

Misfiring AIM-listed cloud provider Outsourcery appears to be running out of runway. Sales still haven’t matched the predicted highs, cash flow is drying up again and a crash seems possible. The purveyor of infrastructure, software and unified comms clouds has pre-announced its calendar year 2015 results, with revenue up nine …
Paul Kunert, 25 Apr 2016
Storm

Microsoft's Azure and Office 365 growth slows

Analysis Microsoft has reiterated its belief in a mythical annual income of $20bn from cloud despite growth in Azure and its apps-as-a-service business slowing. Chief executive Satya Nadella Thursday reiterated the existing belief Microsoft will hit £20bn “run rate” in cloud business for fiscal 2018. That’s the fiscal year after …
Gavin Clarke, 22 Apr 2016
K2

Dell looking at higher debt mountain to buy EMC

Dell is facing its EMC acquisition debt mountain growing yet higher because the Wall St bond market will need higher interest payments to fund the deal. That could highlight product overlap costs to ex-money man David Goulden who will run the new Enterprise Systems Group, covering its servers, storage, networking, converged …
Chris Mellor, 22 Apr 2016
AMD CEO Lisa Su speaking at the firm's 2015 financial analyst day

Hands up, who prayed for AMD? Well, it worked

About a year ago, we asked you to pray for AMD. It's working. AMD has announced a joint venture with a Chinese manufacturer that will churn out server processors using mini-Chipzilla's technologies in the Middle Kingdom. It also said it will bank about $1.5bn from three new games console chips over the next three or four years …
Chris Williams, 22 Apr 2016
Strom Clouds

Stalled cloud growth, software flatlining, hated Lumias unsold... It's all fine, says Microsoft CEO

Microsoft is putting a brave face on disappointing third-quarter earnings that saw profits fall 25 per cent year-on-year and cloud revenues failing to rise fast enough to offset losses in other areas. Earnings per share were $0.62 non-GAAP, down 23 per cent from 2015, compared to analysts' estimates of $0.64. "We had a solid …
Iain Thomson, 21 Apr 2016
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EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016

Check Point chugs on: Profits and revenues up despite volatile market

Check Point’s share price has dipped a touch after the firm reported lacklustre Q1 financial results. During the first quarter ending 31 March 2016, Check Point’s total revenues came in at $404m, compared to $373m in the first quarter of 2015, a nine per cent increase year-on-year. Its GAAP net income rose, albeit modestly. …
John Leyden, 21 Apr 2016
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Swallow flies into Logicalis UK exec nest

Logicalis has sworn in acting UK boss Bob Swallow as the permanent MD, vowing to fill the other seats in the senior management team next month. Swallow moved to the Slough-based system integrator last summer, first as a contractor to restructure sales for the Cisco team and then as sales director from November. The man has …
Paul Kunert, 20 Apr 2016
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SAP's results are a right Waldorf salad: Core sales dip, yet support biz is stable

SAP has confirmed a sudden and sharp drop in sales of its software with continued, escalating sales of cloud. Sales of new licences for its core, on-premises software fell 13 per cent in the first three months of 2016 to €609m, compared to the first quarter of 2015. It was a sharp about-turn given SAP closed the last three …
Gavin Clarke, 20 Apr 2016
Close up of etched silicon

ARM Holdings gives the thumbs-up, reports revenue and licensing uptick

Chip designer ARM has reported revenue and profit increases in Q1, with its shares trading up despite a moody FTSE 100 this morning. Q1 2016 saw a year-on-year dollar revenue rise for ARM at 14 per cent (22 per cent in £) when its results were posted today. Pre-tax profits of £137.5m are an increase of 14 per cent year-on-year …

VMware says users run away screaming after trying OpenStack

VMware has reported a cracking first quarter for 2016, with year-on-year revenue growth of five per cent making for a US$1.59bn revenue haul for the three months to March 31st. Not everything is rosy down VMware way: compute virtualisation sales were off ten percent and revenue down one point, as expected. Licence sales ticked …
Simon Sharwood, 20 Apr 2016
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Intel literally decimates workforce: 12,000 will be axed, CFO shifts to sales

Intel will axe 12,000 employees globally – more than one in ten of its workforce – as it moves further away from being a PC chip company. The layoffs are among the biggest into the company's history, and come as PC industry continues to tank harder than Intel expected. The Santa Clara-based biz sees a lot of growth in the …
Chris Williams, 19 Apr 2016
The CST-100 descends by parachute with airbags deployed. Pic: Boeing

Oh dear, IBM. Storage isn't looking like a cash cow any more, is it?

IBM's storage hardware revenues continue falling as growth businesses stay submerged under the declining ones. In its first quarter of 2016 results, IBM's storage hardware revenues were, at $433.5m, six per cent down year-on-year, continuing the now familiar trend. This was a billion-dollar-a-quarter business in the fourth …
Chris Mellor, 19 Apr 2016

Google found 760,935 compromised web sites in a year

Google and university researchers say the tech giant found some 760,935 compromised websites across the web during a year-long research effort. Google's Eric Kuan; Yuan Niu; Lucas Ballard; Kurt Thomas, and Elie Bursztein joined the University of California, Berkely's Frank Li, Grant Ho, and Vern Paxson in writing Remedying Web …
Team Register, 19 Apr 2016
£10 notes. Pic: Howard Lake

Ah, so that's why Adapt wasn't put in the shop window in 2015

The reason why Lyceum-backed Adapt remains Lyceum-backed is contained in their latest set of annual profit and loss accounts - company growth stalled and so a sales process was halted. The London-based outfit was expected to come onto the market last last year and tasked M&A and corporate finance advisor ARMA Partners with …
Paul Kunert, 18 Apr 2016

Seagate revenue numbers rain on cloud after market misses

+Comment Seagate has issued an early warning that its third fy2016 quarter revenue will be off by $100m from its forecast of $2.7bn. The company expects to report revenue of approximately $2.6bn and non-GAAP gross margin of approximately 23 per cent, for the quarter which ended April 1 – no, this is not a late April Fool joke. The …
Chris Mellor, 15 Apr 2016
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Juniper bleeding data and money: slaps Band-Aids all over Junos OS and warns markets

Juniper's code reviewers have been hard at work, and have shipped a bunch of security bug-fixes. First up: the company has turned up a bunch of Junos OS privilege escalation vulnerabilities that need patching. As the advisory states, CVE-2016-1271 covers a set of CLI commands that can be exploited to get root access to the …

Ruckus: A strong buy for Brocade, but leaves Juniper isolated again

Comment Pity poor Juniper. The networking company’s alliance with Ruckus Wireless last summer raised hopes that it would strike it third time lucky in the Wi-Fi market, filling the gaping wireless gap in its platform. Now Brocade has snatched carrier Wi-Fi leader Ruckus from under its rival’s nose with a $1.2bn acquisition. It's the …
Wireless Watch, 13 Apr 2016

SAP warns: Americas slowed our 2016 start

Europe’s largest software company has warned its first-quarter results could be weaker than expected, thanks to a slow start in the Americas. SAP announced preliminary first-quarter revenue results on Friday showing continued growth in cloud but a drop in new licences for on-premises software. New software licences for its …
Gavin Clarke, 11 Apr 2016
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Troubled Azzurri Comms offloaded to AIM-listed Maintel

AIM-listed comms and networking integrator Maintel has conditionally agreed to slurp struggling rival Azzurri Comms for £48.5m - a company that is twice its size. At the same time, the London-based Maintel confirmed it is also to place Ordinary Shares on the market at 700 pence each with the aim of generating roughly £24m to …
Paul Kunert, 08 Apr 2016
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Logicalis Euro honcho Spirlet quits for exec role at Cisco

Logicalis European head honcho Arnaud Spirlet is to exit the business before fully implementing the turnaround strategy he drafted. Spirlet, who was made head of Europe in October 2014 when he succeeded Ian Cook, is to take the keys to the top exec suite at Cisco’s Belgium and Luxembourg operation. Company insiders at Cisco …
Paul Kunert, 06 Apr 2016

Intel restructures financial reporting to 'provide visibility'

Intel has announced that it's going to radically revise the segmentation it uses for financial reports. Chipzilla has announced the template here. It's got nothing to do with trying to highlight better performing segments and isolate its flatlining PC processor segment, really. It's all about providing “visibility into the …
A cute cat in a jumper waves goodbye.... Pic via Shutterstock

Intel executive shake-up coming, with three big-name departures

Intel's lost more Cs from its C-suite, with reports emerging that two senior executives have left and another is on the way out the door. On the weekend, Bloomberg reported the imminent departure of mobile chip business chief Aicha Evans, and now, two more executives, Kirk Skaugen and Doug Davis, are on the way out. Evans' …
China

Sanctions-slapped Chinese telecoms vendor ZTE swaps execs

Chinese telecoms vendor ZTE is overhauling its management board just one month after the biz was slapped with sanctions by the US government over accusations it had violated trade rules in Iran. The company today confirmed it will meet this week to install a new team, following revelations in the Wall Street Journal over the …
Kat Hall, 04 Apr 2016
Mammatus clouds by Craig Linsday, CC 3.0 licence

Huawei on bumper results: We owe growth to ginormous ICT market

Chinese telco Huawei posted bumper sales and profits for its full-year 2015, with revenue up 37 per cent to 395bn Chinese yuan (£42bn) and a net profit increase of 33 per cent to in annual revenue worldwide. Its traditional kit-building biz contributed the lion's share of sales, up 21 per cent to ¥232.3bn (£25bn). The company …
Kat Hall, 01 Apr 2016
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Micron turns $900m profits into a $97m loss. Only took 12 months

Micron revenues plummeted for the fifth quarter in a row and it made a loss after eleven successive profitable quarters. What's up with the boys from Boise, the USA's memory and NAND powerhouse? Revenues for the second quarter, ended 3 March, were $2.93bn, 29.7 per cent down on a year ago, and 12.3 per cent less than the first …
Chris Mellor, 01 Apr 2016

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers