Feeds

3Com misses the bar in Q1

Sales up, but not enough for Wall St

Next gen security for virtualised datacentres

3Com fell short of Wall Street’s expectations when it unveiled its third quarter results yesterday.

The networking vendor turned in revenues of $300m, up 69 per cent on the year, but short of the $314m analysts were looking for. The figures were pumped up by the inclusion of figures from its Huawei-3Com joint venture, but the company also said pro forma revenues were up 16 per cent.

Operating losses were $20.9m, compared to the previous year’s $46.7m loss. Net losses were $14m, compared to a $42m shortfall the previous year. This resulted in a loss per share of $0.04, including a $0.04 charge for restructuring amortization and stock-based compensation expenses. Wall Street had been expecting a $0.01 loss per share.

Despite missing Wall Street’s expectations, 3Com pres and CEO Edgar Masri, said he was “pleased” with the figures, particularly the Huwaei and 3Com joint venture and expense control in its Secure Converged Networking business.

Masri said its networking, security, voice and services businesses all grew year on year, but the company needed to “bring a level of consistency to all areas of our business so each group increases sales and profitability.”®

Next gen security for virtualised datacentres

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.