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

Choosing a cloud hosting partner with confidence

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Hey - who wants 4.8 TERABYTES almost AS FAST AS MEMORY?
China's Memblaze says they've got it in PCIe. Yow
Cray-cray Met Office spaffs £97m on VERY AVERAGE HPC box
Only 250th most powerful in the world? Bring back Michael Fish
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.