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Articles about Results

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
Pennies in a jar. Photo via Shutterstock

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
Man loads in blanket into the washing machine. Photo by Shutterstock

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
Yawning Cat by Johnc24 at Flickr, CC-20 License at https://creativecommons.org/licenses/by/2.0/

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
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

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
Cell tower, view from below. Image by Shutterstock.com

EE most 'reliable' mobile provider for cities – Ofcom

Communications regulator Ofcom has named EE the mobile provider with the fastest speeds in four major cities, according to research published today. EE came out on top in all five categories: download speeds, web-browsing speeds, upload speeds, video streaming and even - gasp - telephone calls in Cardiff, Edinburgh, Liverpool …
Kat Hall, 31 Mar 2016
Julie Larson-Green Microsoft Corporate Vice President, Windows Experience

Mud sticks: Microsoft, Windows 10 and reputational damage

Comment So, Windows 10 isn't the saviour of the PC industry after all – and is beginning to look more like a Windows Vista than a Windows XP. PC growth predictions have been revised down by IDC. A range of companies including HP Ink and Northamber blame Windows 10 for flagging sales. "We have not yet seen the anticipated Win10 …
Andrew Orlowski, 25 Mar 2016
Railway line split. Pic: Ian Sane

Wobbly Acer goes two-legged to steady itself

Acer is to split into two in an effort to stabilize an uncertain recovery. The company will move its "core business" of PCs, servers, tablets and monitors under one umbrella and its "new business" of cloud services, smartphones and wearable devices under another. The restructuring is the same as we outlined earlier this week …
Kieren McCarthy, 24 Mar 2016
Railway line split. Pic: Ian Sane

Troubled Acer is going to chop itself into three bite sized chunks

Management head-to-wall banging at Acer has seemingly inspired a novel idea to fix the things that are wrong the business - more restructuring. Well done, C-suite execs! Bonuses all round! The new design for Acer, if Digi Times is right, is to turn itself into a holding company to attract new investors and carve the business …
Paul Kunert, 23 Mar 2016
Giant Red Hat shadowman logo in field, with message, "Calling all enterprisers"

Enterprise revenues power Red Hat past $2bn barrier

Red Hat is in the enviable position of having become the first open-source firm to break the $2bn revenue barrier. The Linux spinner has reported full-year revenue $2.05bn, an increase of 14 per cent from subscriptions, training and services. Net income was up 10 per cent to $199m. For its fourth quarter Red Hat reported $ …
Gavin Clarke, 23 Mar 2016
Carry on Cleo

Oracle whistles happy tune as shadow of AWS bus parks on database lawn

Oracle is brushing off challenges from Amazon Web Services and Microsoft to its core database business as a natural consequence of leadership. Rivals are pouncing to take advantage of the shift from on-prem licensing of software to the cloud, the firm reckoned. “People are coming after us, because we are by far the market …
Gavin Clarke, 16 Mar 2016
Michael Dell, photo: Dell

Private Dell mostly makes PCs – and its sales of those are down

Dell isn’t exactly in rude financial health as it marches ever closer to the $60bn+ acquisition of EMC – at least, judging by P&L accounts the privately-held Texan tech firm filed with the US SEC. The mammoth Form s-4 is supposed to paint a painfully honest picture of the businesses current position and the potential risks of …
Paul Kunert, 15 Mar 2016
gold abacus via shutterstock

IDC storage tracker: The report's out. Vendors are losing it

IDC's latest quarterly storage tracker * shows HPE gaining share in enterprise storage, and everyone else except the "others" category losing it, as overall market revenues gently slumped 2.2 per cent year-on year. HPE might say "it StoreServs them right," as that is the product line that is driving all its storage growth. …
Chris Mellor, 14 Mar 2016
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HPE targets flashy and flash-adjacent types with trio of arrays

HPE, involved in frenetic storage activities, has launched three new arrays: a hybrid StoreServ, and single and multi-node StoreOnce deduplicating backup to disk systems. There’s also a Get Thinner Guarantee program for wannabe storage capacity dieters. The 3PAR 20840 converged flash array is basically the all-flash 20850 …
Chris Mellor, 11 Mar 2016

Computacenter eyes investment plans for growing cash mountain

Computacenter's centre of gravity shifted eastwards in 2015, as the mega reseller’s German operation fired on all cylinders while its UK box-shifting business sputtered. At the same time, its CEO and chairman both seemed to suggested it could be looking even further afield as it ponders what to do with its enormous cash pile …
Joe Fay, 11 Mar 2016

Systemax bleeds cash, reports $100m net loss for 2015

The cost of exiting its North America reseller biz propelled Systemax’s net losses to nearly $100m in calendar 2015 - but European ops might just be finally showing some signs of recovery. The supplier, in the midst of a turnaround strategy, offloaded the Technology Group reseller biz in December to PCM for $14m but then …
Paul Kunert, 09 Mar 2016
Nexsan_BEAST

Array biz's figures leave little to the Imation

Well, we were expecting diminished revenues and growing losses – and storage biz Imation didn't pull off any last-minute surprises. The Minnesota-based outfit's revenues were down 52 per cent year-on-year in its final quarter of 2015 as it divested itself of everything except its Nexsan array business and the acquired …
Chris Mellor, 08 Mar 2016
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HPE targets Nutanix, squeezes into hyperconvergence suit

Hewlett-Packard Enterprise has Nutanix in its sights, with a hyper-converged server due this month. HPE’s chief executive Meg Whitman has revealed a ProLiant-based virtualisation server is coming, which she claimed would be easier and cheaper to use than Nutanix. HPE is taking on some familiar old names including Cisco, Dell …
Gavin Clarke, 04 Mar 2016
DAve_Richards

WANdisco boss: 'We're seeing a humongous movement to the cloud'

+Comment WANdisco has active-active replication technology that's been used for disaster recovery and other business continuity-type uses. That's all well and good but not epoch-making or associated with major disruptions ... until now. If what WANdisco CEO and cofounder Dave Richards says is true, the entire on-premises IT …
Chris Mellor, 03 Mar 2016
Surfer

SimpliVity is Vimply Vedding no Valty tears over Visco's HyperFlex

Cisco Partner Summit Has the Cisco HyperFlex announcement delivered a hammer blow to SimpliVity and its UCS server-based partnership? We talked to a person familiar with SimpliVity and its channel to get their sense of how SimpliVity's hyper-converged product offering compares to Cisco's HyperFlex product with its OEM'd SpringPath software. This …
Chris Mellor, 01 Mar 2016
Our revised view of the Battle of Agincourt

Microsoft sneaks onto Android while Android sneaks onto Windows

MWC16 +Analysis Two parallel trends bubbled away at MWC this year – but without getting much attention. When Android and Microsoft converge, it’s going to be the next big platform battle, and one Microsoft can’t afford to lose. Firstly, without anyone really noticing, Microsoft has an Android platform play. A Microsoft-friendly Android OS is …
Andrew Orlowski, 29 Feb 2016

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

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