Articles about 2m

£10 notes. Pic: Howard Lake

Financial Conduct Authority wastes £3.2m on unnecessary Oracle licences

The banking regulator responsible for ensuring good behaviour in the world of finance may need to get its own house in order, at least when it comes to software licensing. The Financial Conduct Authority has admitted to wasting £3.2m on Oracle licences it did not need, according to This is Money. Oracle offered the FCA …
Kat Hall, 10 Sep 2015

Last orders cost Quantum dear as it limps to $11.2m loss

Storage company Quantum has confirmed its early October revenue warning, with second fiscal 2016 quarter revenues of $117m, and not the hoped-for $125m. There was a loss of $11.2m in the quarter, which compares with a loss of $10.8m in the previous quarter, and indeed a profit of $1.2m in the year-ago quarter. It attributed a …
Chris Mellor, 30 Oct 2015

Raising a stink in court: Innocent poo banditry warehousers win $2.2m

An Atlanta jury has wiped away the troubles of two warehouse workers who had been accused of devious defecation. The men were awarded restitution after their employer demanded they submit DNA samples, with the employer apparently believing that one of them had already done so. The employer, Atlas Logistics Group Retail Services …

NHS quango fatcats spend £2m tax dosh on iPads and iPhones

Government health chiefs have admitted to spending millions of pounds furnishing bureaucrats with Apple iPhones and fondleslabs. Taxpayers forked out more than £2m to buy iThings for the staff of NHS non-departmental public bodies, which are arms-length government organisations more commonly known as quangos. Dr Daniel Poulter …
Jasper Hamill, 30 Oct 2014

Adobe pays US$1.2M plus settlements to end 2013 breach class action

Adobe has paid an undisclosed amount to settle customer claims and faces US$1.2 million in legal fees after its 2013 data breach which compromised the details of 38 million users. The creative content king was served a November 2013 class action lawsuit filed in California in which it is claimed "shoddy" security practises …
Darren Pauli, 17 Aug 2015
Dispatchers are vital to co-ordinating on the ground activities

Sprint fined $1.2m for bungling 911 calls

Sprint has been fined over $1m by the US Federal Communications Commission (FCC) after it cocked up 911 calls for hearing-impaired citizens. The FCC accused the US telco of failing to handle emergency calls made by wireless customers who were using Internet Protocol Captioned Telephone Service (IP CTS) devices. The outage, …
Shaun Nichols, 24 Sep 2015

Moshi Monsters' daddy Mind Candy: Falling sales, £2.2m loss...

Profits at Shoreditch darling Mandy Candy plunged into the red in 2013, with the company recording a £2.2m loss for the full-year 2013, compared with profits of £8m for 2012. During the same period revenue at the company - which has brought the world kiddy virtual-playland Moshi Monsters - fell by more than one-third to £22.19m …
Kat Hall, 14 Nov 2014

Trustmarque: £2m profits evaporated after accounting change

A change in revenue recognition wiped £2m off Trustmarque’s profits according to the firm’s strategic and financial report, which also provides more details on its near-collapse and subsequent sale to Liberata. As revealed, the York-based enterprise software licensing biz ran into cash flow difficulties last month after changing …
Paul Kunert, 09 Oct 2014

FBI updates Most Wanted cyber felons list, offers US$4.2m bounties

The mastermind of the Zeus trojan; a car scamming screwball; an identity thief; a malvertiser, and a keylogger monger: nail these five net crims to the wall and the FBI will pay you US$4.2 million. The agency has updated its 'Cyber Most Wanted'™ with the new hits who join the existing famous five hackers employed in the Chinese …
Darren Pauli, 02 Jul 2015

eBay impulse buyers STAY AWAY: Holy Grail Superman comic book to fetch $2m+

One of the rarest comic books of all time is going under the hammer – well, a virtual hammer. Online auction house Web tat bazaar eBay has said dealer Darren Adams will use the website to sell a nearly pristine copy of Action Comics #1. The legendary 1938 edition from DC Comics features the first appearance of Superman. The …
Shaun Nichols, 24 Jul 2014
Slick looking picture of  xiaomi's Mi3 Android smartphone

Xiaomi's birthday present to itself: Flogging 2m phones in 12 hours

Cult phone maker Xiaomi has demonstrated just how dedicated its fans are, with an Asian flash sale seeing it shift over two million devices ... and 39,000 tellies. The Chinese upstart has built upon its Indian deal with online retailer Flipkart by adding Amazon India and online retailer Snapdeal to its digital strategy to …
Simon Rockman, 10 Apr 2015
Red pen

Phoenix IT Group shares plunge on loss of £2m contract

A brief statement from Phoenix IT Group confirming it has lost a £2m contract with a supplier sent the share price into free fall this morning and caused a big dent in the market cap. The loss-making IT services firm - a third party maintainer which also sells direct to customers - provided very little colour around the …
Paul Kunert, 28 Oct 2013
Suitcase bulging with cash

Samsung loses again: Judge awards Apple, Nokia $2m in leak-investigation fees

A US district court has awarded Apple and Nokia over $2m to reimburse them for legal fees incurred during their investigation of leaks of "attorneys' eyes only" information by Samsung's legal firm, Quinn Emanuel, during the long-running patent infringement dust-up among the companies. US magistrate judge Paul Grewal is evidently …
Rik Myslewski, 24 Jun 2014

CloudBees bags $11.2m to keep a closer eye on your handy jobs

Continuous integration expert CloudBees has slurped $11.2m in valley cash to fund its Jenkins-based cloud services. The series-C round was led by Verizon Ventures, along with Matrix Partners and Lightspeed Venture Partners, and was announced on Wednesday. CloudBees is a small cloud company that stewards the development of a big …
Jack Clark, 06 Mar 2014

Who wants a ROBO-BUTLER? Google and pals do – and they've just put $2m towards it

RoTM Google has placed a bet on a robotics company that is working to create "services" robots for use in hospitals, care homes or hotels. Mountain View's investment arm, Google Ventures, handed over an undisclosed sum of money to startup Savioke, which is headed up by Steve Cousins, former CEO of PR2-maker and robotics pioneer …
Jasper Hamill, 10 Apr 2014

US card scammers pull $2m petrol heist

US attorneys have charged thirteen people in connection with a massive fraud operation which netted some $2m in stolen funds. The Manhattan District Attorney's office says that four defendants masterminded a plot to install card skimming devices at gas pumps throughout the southern US and then use a network of money mules to …
Shaun Nichols, 23 Jan 2014
Apple iPod Nano 5G

That's a money spinner: iPod wheel patent bout bags bod £2m from Apple

Fruity tech titan Apple (2012 profit: £25bn) has been forced to pay out £2m to a Japanese inventor - after a Tokyo court found its iPod click wheel design infringed his patents. Cupertino’s learned friends have been fighting this legal battle in the Land of the Rising Sun for the past six years. It started when Norihiko Saito …
Phil Muncaster, 27 Sep 2013

Old-timey music streamer Rhapsody (aka Napster) reaches 2m subscribers

Antique music streaming service Rhapsody has finally hit two million subscribers after its expansion to include 32 countries worldwide. Rhapsody, also known as Napster in Europe after it acquired the brand in 2011, has been around since forever in internet terms and was one of the first to use the model of song sales through …
Red pen

Ex-state attorney general probes Tech Data CEO's sale of $2m shares

A firm of legal eagles is investigating whether distie giant Tech Data violated state or federal laws by making accounting errors that will wipe millions off its bottom line from recent years. Kahn Swick & Foti (KSF) is also probing CEO Bob Dutkvsky's offloading of $2m in his firm's shares earlier this month The US logistics …
Paul Kunert, 22 Mar 2013

Citrix: CEO exit plans accelerated, results take a turn.... for the better

Citrix – currently locked in the vice-like grip of activist investor Elliott Management – has confirmed exec chairman Robert Calderoni will move into the care-taking CEO position. Long-serving chief exec Mark Templeton previously confirmed he is to retire at the end of this calendar year, but had planned to man the fort until …
Paul Kunert, 22 Oct 2015

Branson, Berners-Lee, Google, £2m: LET'S SAVE THE WORLD

Google is waving £2m in front of charities, promising to donate dollops of the dosh if the orgs develop tech that improves people's lives. The not-for-profit bodies are invited to apply and compete for the cash; four "data-driven" projects that successfully prove their worth will each get a £500,000 cheque from the advertising …
Team Register, 25 Mar 2013
bug on keyboard

DARPA enlists hacker talent for $2m security bug-swatting challenge

The US Defense Advanced Research Projects Agency (DARPA) is recruiting members of the hacking community to join its latest Grand Challenge competition: a big-money contest to build software capable of finding and fixing security holes in new code. "We've looked to the expert community, the computer security community, and the …
Iain Thomson, 06 Dec 2013

Haitian snapper humbles photo giants AFP, Getty Images in $1.2m copyright victory

Photographers have won a landmark victory after a US federal jury awarded $1.2m to freelance photojournalist Daniel Morel after media giants uploaded and credited to themselves some shots he had posted on Twitter. A New York jury decisively backed a Haitian photojournalist Morel in a copyright case against photo agency Getty and …
Andrew Orlowski, 25 Nov 2013
The road running through the PRATCHETT landing area

CommVault cries out in revenue pain as profits slam into reverse

CommVault's second quarter saw a deepening loss and continued revenue decline, putting the pressure to perform on its new software. Days after the CommVault Data Platform, the rebranded Simpana, was launched, CommVault's quarterly results showed the need for it and its hoped-for revenue pick-me-up properties. Revenues of $140 …
Chris Mellor, 27 Oct 2015

Overland Storage by any other name would still make losses (and has)

Comment Overland Storage ... sorry, Sphere 3D these days after the acquisition, continues on its merry way with no appreciable change in its progress – revenues are still falling and losses are deepening. Actually, if you look at 22 consistently loss-making quarters, you might even think this is its strategy. CEO and chairman Eric …
Chris Mellor, 18 Nov 2015
Parachutists and cloud image via Shutterstock

Dancing in the fluffy white stuff ain't helping SAP's bottom line

Rampant cloud growth struggled to offset falling profits for SAP, Europe’s largest software company, during the firm’s second quarter. Post-tax profits tumbled 16 per cent to 469m euro ($508.2m) while total revenue increased by a fifth, to 4.9bn euro ($5.3bn) for SAP’s three months to June 30, 2015. Earnings per share fell 16 …
Gavin Clarke, 21 Jul 2015

Cybercrim who fleeced students faces scramble to repay stolen cash

A woman who made £1.2m through cybercrime has been ordered to pay back almost £630,000 accumulated from the hundreds of British students she helped to defraud. Ruth Smith-Ajala, 46, a Nigerian national of Redlands Way, Lambeth, was given a five-year sentence back in December 2013 for her role in stealing £1.2m from British …
4 arrows signs in arrow on wooden wall

Sales up, profit up, but no champagne corks popping at Rackspace

The gods of tech sales finally smiled on Rackspace in calendar Q2 of 2015. But the biz isn't celebrating just yet, because it's public cloud arm is stuck in first gear. The cloud server-hosting biz reported an 11 per cent year-on-year growth in turnover to $489.4m (£314.2m) in the three months ended 30 June. Total costs and …
Paul Kunert, 11 Aug 2015
Big popes, images via Shutterstock

Expansion-hungry Equinix posts bumper sales

Net income at US data centre outfit Equinix jumped to $59.5m (£38m) for the company's second quarter of 2015, up from $11.3m (£7.2m) in the same period last year. Meanwhile, sales rose 10 per cent to $666m (£426m) for the three-month period. Equinix chief executive, Steve Smith, said: “This marks our 50th quarter of …
Kat Hall, 30 Jul 2015

Migraine in the mainframe: Unisys reports more losses

Mainframe maker Unisys posted yet more disappointing results for, recording a net loss of $9.6m (£6m) for its third quarter results. Revenue was $739m (£477m), down 16 per cent on last year. Anthony Miller, analyst at TechMarketView, noted the firm's hardware revenue halved and services revenues declined by 8 per cent. " …
Kat Hall, 22 Oct 2015

UK bank heist-by-KVM gang sent down for 24 years after nicking £1.2m

A gang has been jailed after secretly installing hardware in Barclays bank branches to control PCs and steal £1.2m. The sneaky crims hooked up a hidden KVM (keyboard, video and mouse) switch and a 3G mobile dongle to computers at two London branches. This allowed the thieves to connect to the switch over the internet, access the …
John Leyden, 25 Apr 2014
VW Scirocco logo

Lies from VW: 'Our staff acted criminally but board didn't know'

Olaf Lies, a Volkswagen board member and the economy minister of Lower Saxony, has stated that some staff acted criminally in installing software which allowed cars to cheat on pollution tests. Lies told BBC Newsnight that those at VW who oversaw the installation of the defeat device, as well as those who installed it, acted …

DARPA slaps $2m on the bar for the ULTIMATE security bug SLAYER

It's a bad day for the vulnerability scanning industry: DARPA has announced a new multi-million-dollar competition to build a system that will be able to automatically analyze code, find its weak spots, and patch them against attack. Mike Walker, DARPA program manager, said that the challenge was to start a "revolution for …
Iain Thomson, 22 Oct 2013

Bloke flogged $1.2m of pirated Microsoft gear on eBay, say Feds

A US man has been charged with selling counterfeit Microsoft software valued at more than $1.2m. Bruce Alan Edward, 48, of Atlanta, Michigan, is accused of five counts of criminal copyright infringement, and one count of mail fraud, over the alleged resale of pirated software sourced from the far East. According to his charge …
John Leyden, 09 Nov 2012
493 Griseldis showing a debris trail

Ouch! Subaru telescope catches astroid prang

Astronomers have announced evidence that a main-belt asteroid called 493 Griseldis took a hit from another object in March of this year. Shots taken by the Subaru 8m optical telescope showed that Griseldis had grown a tail – and unlike a comet's tail, which points away from the sun, the asteroid's tail was “not in the …

Insight: Who will rid me of this troublesome currency trend?

Senior folk at Insight Enterprises’ US HQ might be humming the patriotic anthem "God Bless America", for it was only a double-digit sales bounce Stateside that spared executive blushes in the third quarter. Turnover in North America was up 15 per cent year-on-year to $1bn in the three months ended September, but sales in EMEA …
Paul Kunert, 29 Oct 2015

Imation takes $310.2m hit in hellish, wallet-draining 4th quarter

$310.2m: That's Imation's fourth 2012 calendar quarter loss. $299.1m: That's Imation's fourth quarter revenue. It takes some brass to record results like these and talk of the company's strategic transformation but that's what happens when you rightsize over-valued assets. The chart below shows the scale of the disaster. Third …
Chris Mellor, 14 Feb 2013

Acer: We ARE profitable – oh yes, we made £40k big ones in Q2

For the second quarter in a row, Acer's P&L accounts have remained in the black, though its operating margins must be a cause for concern – just 1.48 per cent, at the last count. And part of the reason for the slim pickings is partly the fault of those pesky chaps at Microsoft, the company reckons. The firm released turnover …
Paul Kunert, 07 Aug 2015

Couple sues estate agent who sold them her mum's snake-infested house

A US couple who bought a house in Maryland last December are suing their estate agent and the agent's mother for $2m, claiming she didn't tell them about their new home's terrible snake infestation. The Baltimore Sun reported that the smallest snakes found in Jeff and Jody Brooks' new Annapolis house were mere hatchlings, only …

Computacenter CEO: Currency headwind? Yep, that hurt alright

For a business, not losing sales ground in these uncertain economic times might be considered something of an achievement in itself. If so, Computacenter bosses will be downing celebratory doubles this morn. In the half year to 30 June, the services-based reseller reported sales of £1.44bn – flat compared with a year ago, but …
Paul Kunert, 28 Aug 2015

Gartner: Dell nowhere to be seen as storage SSD sales go flat

Well, here's another nail in the coffin for traditional storage arrays; Gartner claims array SSD sales were up just one per cent year-on-year, while server flash sales grew 51 per cent. EMC leads the AFA players, while Cisco and Dell are nowhere. Total enterprise SSD revenue is 2014 was $5.77bn, up 30 per cent year-on-year. …
Chris Mellor, 11 May 2015
Bang by Guian Bolisay

Bucks bringer-inner Box beats street, brings home bacon, makes loss

Cloud storage provider Box easily beat its estimated revenue target for its second quarter, with double-digit growth over the year, and lifted its estimated full-year revenue number. Losses also deepened however, but at a lower annual rate of 33.6 per cent, and shares rose 2.66 per cent to $14.27 as investors patted CEO Aaron …
Chris Mellor, 10 Sep 2015
4 arrows signs in arrow on wooden wall

Booked that expensive holiday yet Mr Server Maker? Maybe just a day trip for now

The EMEA server market is on fire, but not in a good way – both shipments and factory revenues declined in Q2 amid the currency issue and uncertain business climate. Unit sales dropped 5.6 per cent year-on-year to 523,800 servers, and the money coughed for them dipped 2.3 per cent to $3.1bn, abacus fondlers at Gartner have …
Paul Kunert, 26 Aug 2015

Big operating expenses rise clobbers Dot Hill's otherwise healthy profits

Storage biz Dot Hill is back and boasting a third quarter of double-digit revenue growth – but also reports anorexic profits caused by some whopping admin expenses. Its second 2015 quarter showed revenues of $61.5m, 28 per cent up on the year-ago’s $48.2m and marginally more than the previous quarter’s $61.1m. Dot Hill …
Chris Mellor, 10 Aug 2015

Systemax files $2.2m losses as US shoppers stay home

Systemax was hit by Q2 losses as continued strong trading in its business-to-business operation in Europe was more than offset by US shoppers' reluctance to part with cash, the reseller giant confirmed late last night. Operating losses for the period ended 30 June were $2.2m compared to a profit of $15.6m a year earlier, " …
Paul Kunert, 01 Aug 2012
The Register breaking news

Moneybags Apple loses $1.2m Italian warranty fine scrap

An Italian court has refused to suspend fines slapped on Apple for failing to properly advertise EU-mandated warranties. Local rag Le Repubblica reports that Apple's attempt to delay the payout was rejected at a hearing in Lazio this week. The bench recognised that Apple's online store was now complying with the law, but a …
Bill Ray, 23 Mar 2012

Crayon slurps US-based SAM minnow Anglepoint

Euro licensing powerhouse Crayon has acquired a majority stake in US-headquartered software and IT asset management services minnow Anglepoint. This is the Microsoft house’s second bite-sized buy in North America following a deal with Software Wholesale International in July. Founded in 2009, Anglepoint sells IBM and SAP …
Paul Kunert, 23 Sep 2015

UK biz email slinger Mimecast files for $100m IPO in US

Mimecast filed for an initial public offering on Wall Street on Friday and said it hoped to raise up to $100m (£64m). The London-based email security vendor, which has 14,500 biz customers on its books, said that it planned to list under the symbol "MIME" on the Nasdaq exchange. For its most recent quarter, Mimecast – which …
Kelly Fiveash, 19 Oct 2015
£10 notes. Pic: Howard Lake

Phoenix IT Group comes back in black as new owners beckon

Phoenix IT Group is back in the black following the first full year of CEO Steve Vaughan’s turnaround strategy, in what is likely to its last fiscal before the Daisy Group acquisition is sealed. The LSE-listed organisation is still struggling to get the top line moving in the right direction, as revenue fell nine per cent year- …
Paul Kunert, 08 Jun 2015

Tech Data: If only we could discount forex and impact of closing country ops...

Tech Data continued to pile on the pounds dollars in its latest quarterly financials – but only if the crushing currency burden and the impact of exiting operations in Latin America were discounted. In reality, the world's second largest technology distributor reported a five per cent slump in sales to $6.428bn for Q3 of …
Paul Kunert, 24 Nov 2015