Feeds

3Com reports smaller loss as revenues shrink

Miniaturisation

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

3Com has reported a net loss of $53m on revenues of $161m for its third fiscal quarter ending 25 February. The revenue figure was down six per cent on last year's $171m, but the $53m loss is also smaller than the $85m shortfall reported a year ago.

Revenue from enterprise products fell one per cent while connectivity products brought in 40 per cent less revenue than a year ago. The company says it expects this decline to continue, making this market segment gradually less important to its overall performance.

Revenue from the newly acquired TippingPoint accounted for less than two per cent of the total. 3Com says it expects this acquisition to boost its enterprise networking revenues in Q4 when it reports its first full post-acquisition quarter.

Overall, 3Com predicts growth in the "mid-to-high single digits" on a percentage basis in Q4. Increased revenues in the enterprise sector will be partially offset by an expected $5m decline in revenue from desktop and mobile connectivity products.

The company ended the quarter with $883m in cash, cash equivalents and short-term investments. The results in full are here. ®

Related stories

LAN switches on fire
3Com buys TippingPoint
3Com issues profit warning

Secure remote control for conventional and virtual desktops

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
DEATH by COMMENTS: WordPress XSS vuln is BIGGEST for YEARS
Trio of XSS turns attackers into admins
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.