Articles about 2m

Space_Shuttle_launch

Nutanix makes thundering great loss, stock market hardly blinks

A thundering great loss: that’s the first thing to notice about Nutanix’s latest quarterly results. It’s more than three times worse than the loss of the previous quarter: $162.2m vs $49.9m and the year-ago quarter’s $38.5m loss; sales grew only 19 per cent sequentially so the rate of loss-making would seem to have accelerated …
Chris Mellor, 30 Nov 2016
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Nimble: Thank flash for sweet, sweet AFA

Analysis A considered look at Nimble Storage's latest quarterly results show that its all-flash array (AFA) sales are rising but hybrid product sales are falling, suggesting some cannibalisation is going on. We need to provide a few numbers to show this, and the ones for the recent quarter come from Nimble's shareholder letter (PDF). …
Chris Mellor, 24 Nov 2016

Facebook to hire 500 more in Blighty

Facebook is to hire 500 staff in London, European head Nicola Mendelsohn has said today. Speaking at an event by the Confederation of British Industry, Mendelsohn said the ad platform will have 1,500 people on payroll in the capital next year. She said: "We have 1,000 people working in our offices in London, but we're going …
Kat Hall, 21 Nov 2016
New Zealand flag

CERN boffins see strange ... oh, wait, that's just New Zealand moving 2m north

New Zealand's been hit by two nearly-simultaneous earthquakes that left two people dead, isolated some towns, cut telecommunications links – and rattled the Large Hadron Collider near Geneva. The quake might also inconvenience infosec types visiting the country for one of the Southern Hemisphere's pre-eminent conferences, …

Got a cold flannel? Acer Q3 profits were bigger than cost of your lunch

2016 will forever be remembered for the Brexit vote, the Donald's presidential victory and maybe, just maybe, the year that Acer's bottom line recovery started in earnest. OK, the last one is a long shot. The Taiwanese notebook business has reported calendar Q3 results, and while the top line continued to slide on the prior …
Paul Kunert, 11 Nov 2016
London financial centre gherkin etc. photo by shutterstock

Losses and sales up, shares down at Sophos

Losses at London Stock Exchange-listed Sophos have gone up despite increasing sales. For the six months up to 30 September, revenues were $256.9m (£207.4m) compared to $234.2m in the same period a year ago. Losses, however, widened from $13.4m to $24.6m on rising R&D costs and more recurring business. Unified Threat …
John Leyden, 09 Nov 2016

Green shoot at Imation as Nexsan revenues revive

Shrunken Imation's revenues have started edging ahead in its third 2016 quarter as pared-back Nexsan grows, but losses continue. Revenues were $11.5m compared with Nexsan revenues of $14.5m a year ago, a 20.1 per cent fall. However they were 8.5 per cent higher than the second quarter's $10.6m. There was a net loss of $7.1m, …
Chris Mellor, 09 Nov 2016
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NooBaa wraps AWS S3 wool around Microsoft Azure Blob storage

Microsoft has partnered with object storage software startup NooBaa, which has developed an Amazon S3-compatible front-end to Azure. NooBaa produces object storage software that can put to work under-utilized compute cores and storage capacity on x86 servers and desktops around a customer's IT equipment estate, and make it all …
Chris Mellor, 07 Nov 2016
Fraud

El Paso city bungs $3.2m to email crooks pretending to be bosses

After keeping quiet for days, the city of El Paso, Texas, has finally admitted that it has fallen prey to "CEO fraud" emails that saw scammers funnel $3.2m from the authorities using bogus invoices. The city is building a $97m streetcar project in its downtown district, but red flags were raised in October when a key …
Iain Thomson, 04 Nov 2016

Rhode Island sues HPE for making its DMV even more miserable

The US state of Rhode Island is suing Hewlett Packard Enterprise over a car-crash IT project to overhaul its vehicle licensing system. In a lawsuit [PDF] filed to the State Superior Court on Tuesday, the Rhode Island Department of Revenue and Department of Administration accused the enterprise giant of breaching contract on an …
Shaun Nichols, 02 Nov 2016

Quantum heaves sigh of relief as red ink washes away

Made it! Quantum is back in profit after five loss-making quarters. It made $3.8m profit on revenues of $134.7m in its second fiscal 2017 quarter; they were $117m a year ago, with a net loss of $11.2m, and $116.3m in the previous quarter, which saw a $3.8m loss. Finally all that hard work in building up StorNext revenues …
Chris Mellor, 27 Oct 2016
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Hammer hopes to nail software-defined future for Commvault

Commvault has software-defined storage and business process automation in its future, as it announces a $600,000 net loss on revenues of $156.3m in its latest quarter. The firm is hoping this sets it up for a sustained turnaround. This was the second quarter in its fiscal 2017, and it ended on September 30. The revenues were …
Chris Mellor, 26 Oct 2016
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NetSuite's pre-Oracle curtain call: Growth and costs increase

NetSuite closed in typical fashion what promised to be the final quarter before it is subsumed by Oracle - growth in turnover continued, as did operating overheads and losses. The cloudy ERP firm reported Q3 results for the period ended September, while reiterating it will not give guidance for the fourth quarter and has …
Gavin Clarke, 24 Oct 2016
head of 50s-style robot

Today the web was broken by countless hacked devices – your 60-second summary

Updated Today a vast army of hijacked internet-connected devices – from security cameras and video recorders to home routers – turned on their owners and broke a big chunk of the web. Compromised machines, following orders from as-yet unknown masterminds, threw massive amounts of junk traffic at servers operated by US-based Dyn, which …
Chris Williams, 21 Oct 2016

Brexit? No impact at all, chuckles reseller juggernaut

The storm clouds Softcat pointed to gathering over the industry in the months prior to the EU referendum didn’t rain on the firm’s parade after all, judging by financial results outlined to the City today. The mid-market reseller said in the spring that business confidence could be dented by political uncertainty, but as it …
Paul Kunert, 19 Oct 2016

Oracle rip-off merchants Rimini Street fined another $28m, hit with permanent ban

Rimini Street has been hit with yet another fine for infringing Oracle's copyright, as well as a permanent injunction barring it from providing any Oracle software to customers. In a judgment [PDF] on Tuesday, a Nevada judge fined the company $27.7m in prejudgment interest – with more to come. He also issued a permanent …
Kieren McCarthy, 12 Oct 2016
MP Margaret Hodge in the Commons

'Facebook and eBay need to be subject to greater scrutiny' - Margaret Hodge

Former chair of the Public Accounts Committee Margaret Hodge has renewed calls for greater transparency of global companies' tax affairs - following revelations of Facebook and eBay's recent tax affairs. Companies House filings revealed this week that Facebook's UK business generated an £11.3m tax credit last year while …
Kat Hall, 11 Oct 2016
USA-shaped cloud

OVH decides to Fauquier the cloud in America

French cloud concern OVH has planted its flag in the United States, choosing Fauquier County, Virginia, as its headquarters and the site of its first data centre in the nation. OVH's site links straight to Virginia governor Terry McAuliffe's announcement of the deal in which he says the US$47 million project will bring 54 jobs …
Simon Sharwood, 07 Oct 2016

Today's fruitless cash-chuck

UK businesses doubled security spending last year without seeing any tangible returns. Average UK security spending last year doubled last year from £3m to £6.2m (nearly 60 per cent higher than global average - £3.9m), according to PwC. Despite this increased investment 18 per cent of UK organisation still don't know how many …
John Leyden, 06 Oct 2016
Oracle corporate HQ

Oracle lawyers prevail in copyright case (No, not that, the other one)

Oracle has been awarded $46.2m in its copyright battle with Rimini Street. The Nevada Federal Court awarded the cash [PDF] to cover the legal bills Oracle has racked up in its years-long battle with Rimini – which repackaged and sold support services for Oracle products without a license. The federal court also put in place a …
Shaun Nichols, 22 Sep 2016
still of Ian McKellan as magneto in the x-men movie

Magneto-resistant upstart Everspin gets itself into an IPO whizz

MRAM startup Everspin has filed for an IPO. Everspin_ST-MRAM_die Everspin MRAM die Magneto-resistive or Magnetic Random-Access Memory (MRAM) is non-volatile RAM that’s faster than NAND; think of it roughly as XPoint-class stuff. It’s been used by server and system vendors for niche needs requiring very fast and non- …
Chris Mellor, 21 Sep 2016

We read Nutanix's homework... and the numbers look good

Analysis Nutanix has filed an amended S1 IPO form with the SEC and data within it shows a strongly growing business well-set for an IPO if the financial environment is supportive. The company's latest results show satisfactory quarter-on-quarter and annual revenue growth with net losses growing less sharply and becoming a smaller …
Chris Mellor, 20 Sep 2016
Chap in suit in slingshot

VMware flings vCenter Server away from Windows, if you want

VMware has released vSphere 6.0 Update 2m, with the main feature being a vCenter Server for Windows to vCenter Server Appliance migration tool. vCenter is VMware's key management application and comes in two flavours. vCenter Server for Windows runs on Microsoft's famous operating systems and lets you manage VMs. VMware has …
Simon Sharwood, 16 Sep 2016
Cell tower, view from below. Image by Shutterstock.com

UK oversight body tipped to examine phone snooping tech in prisons

The secretive use of IMSI grabbers in the UK is set to receive oversight from the Interception of Communications Commissioner's Office (IOCCO). IOCCO is awaiting a formal request from the Prime Minister to provide oversight of the use of mobile phone eavesdropping devices in prisons, its head has confirmed to The Register. …
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Midwich slurps Euro and Kiwi AV disties

Midwich has confirmed to the London Stock Exchange a couple of acquisitions in the AV distributor market. The Diss-based firm, itself a wholesaler of AV and document “solutions”, floated on AIM in early May with the proceeds going to selling shareholders, to pay down debts and to fund the buy of Kern & Stelly. In today’s …
Paul Kunert, 08 Sep 2016
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Equistone grabs stake in print services slinger Apogee

Private equity investor Equistone Partners Europe has slurped a stake in managed print and document services slinger Apogee Corporation. Maidstone-headquartered Apogee employs around 450 staff across 14 offices in the UK and mainland Europe selling hardware and managed services on kit from Canon, Xerox, Konica Minolta and …
Paul Kunert, 05 Sep 2016
Pop art-style illustration: Woman holds head in despair. Illustration via Shutetrstock

Tech-for-insurers biz out of action for 10 days now. Hope they had, er...

Hapless insurance tech biz SSP Worldwide is now on its tenth day of a services outage, which has had a huge impact its broker customers. The company was hit by a power blackout on 26 August that fried its HP Storage Area Network. Halfway through the process of a restoration six days later, the business was struck with further …
Kat Hall, 05 Sep 2016
Penguin

Bloke accused of Linux kernel.org hack nabbed during traffic stop

A man who allegedly hacked the Linux Kernel Organization's kernel.org and the Linux Foundation's servers has been collared by cops. Donald Ryan Austin, 27, of El Portal, Florida, will appear in court in San Francisco later this month. He is accused of four counts of "intentional transmission causing damage to a protected …
Iain Thomson, 02 Sep 2016
Multi-level burger too big to eat. Photo by Shutterstock

Nutanix: Yup, OK, we gobbled PernixData, Calm.io. What you gonna do about it?

At long last Nutanix has come clean and revealed it is buying PernixData (VMware's hypervisor memory caching software biz), and confirmed it also slurped devops software company Calm.io. No prices have been disclosed but we understand the Calm.io deal was the one referred to in a Nutanix S1 amended filing, which involved 528, …
Chris Mellor, 29 Aug 2016

Corporates ARE sniffing around Windows 10, says Computacenter

Bulky corporate enterprise punters are starting to fall for the, ahem, charms of Windows 10, Computacenter's chief executive claimed today as he flashed his firm’s calendar first half-year trading figures. Mike Norris, boss of the London-listed services-based reseller, said the pending contract sign-off for managed services …
Paul Kunert, 26 Aug 2016

Pure Storage notches up a 93 per cent growth rate. Not bad, not bad

Pure Storage grew revenues 93 per per cent year-on-year in its second fiscal 2017 quarter to a record $163.2m, achieving an annual run rate of $650m; the billion looks attainable. NetApp's all-flash array run rate is about $775m while EMC's is a past a billion dollars. The net loss was $59.6m, $4.2m less than a year ago and $3 …
Chris Mellor, 26 Aug 2016

Tech Data swings and misses Wall Street moneymen's target

Tech Data's latest quarterly financials show a distributor wrestling with “weaker than expected” IT spending and trying to dip into “pockets of demand” across Europe and the Americas. The world’s second largest tech wholesaler filed turnover of $6.4bn for Q2 of fiscal year 2017 ended 31 July. This was down three per cent as …
Paul Kunert, 25 Aug 2016

$3bn Renesas bid for Intersil

Japanese chipmaker Renesas is reportedly planning to buy US-based competitor Intersil for $3bn. According to the Wall Street Journal, Renesas is "considering various options for growth" and is looking at a 300bn yen price for the company. Intersil's share price rocketed 19 per cent on the news, now valuing it as $2.5bn on …
Kieren McCarthy, 22 Aug 2016

Nutanix has swallowed something. Cough once if you're OK, guys

We’ve been banging on about Nutanix buying PernixData. Now tech consultant Justin Warren has noticed this nugget in an amended Nutanix S1 filing to the SEC: Acquisition On August 5, 2016, the Company entered into a stock purchase agreement to purchase all shares outstanding of a technology company in exchange for 528,517 …
Chris Mellor, 18 Aug 2016
Tim Cook, photo2 by JStone via Shutterstock

Tim Cook's answer to crashing iPhone sales: More iPhones

Apple’s plan to tackle the great iPhone sales slump is for it to produce, yes, more iPhones. CEO Tim Cook, in a scripted Q&A with the Washington Post, dismissed the six-month drop-off in sales of iPhones – and slowing smartphone sales in general. Apple is now expected to release the iPhone 7 in September. Cook reckons …
Gavin Clarke, 15 Aug 2016

Acer: 'We made a profit!' Yeah, but your sales figures are shrinking

Over-the-hill PC maker Acer is still under-performing, its latest set of shrinking product sales figures have confirmed. The Taiwanese biz, among the two biggest shifters of notebooks in Europe a decade ago, is still searching to regain the formula that propelled it – but people just aren’t buying cheap lappies in the volumes …
Paul Kunert, 11 Aug 2016
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Rackspace CEO: Yes, Brexit has hit us, yes we sold our Cloud Sites biz

Rackspace execs confirmed the sale of its Cloud Sites hosting sub to Liquid Web but ignored the white elephant in the room that Apollo Global is reportedly in talks to slurp the entire organisation. The private equity house might well end up taking Rackspace private again in a deal valued at up to $4bn, buying the company time …
Paul Kunert, 09 Aug 2016

Dear Imation. It's always darkest just before it goes pitch black

Nexsan-owner Imation's second quarter of 2016 marked its tenth straight quarterly loss. But hey, at least it was the smallest loss of the ten. Revenue from the three months to June 30 was $10.6m, down 37 per cent from the year-ago quarter's $16.9m, and a smidge less than the prior quarter's $10.7m. Imation said this was due …
Chris Mellor, 08 Aug 2016
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Hortonworks losses deepen despite growth in subscription sales

Operating losses at Hadoop-flinger Hortonworks deepened to $64.3m (£49.3m), compared to a loss of $42.9m (£32.9m) during the second quarter last year. It's not looking good for Big Data. Revenue at the firm, however, increased by 46 per cent to $43.6m (£33.4m) for its second quarter of fiscal year 2016, compared with the same …
Kat Hall, 05 Aug 2016
darpa cyber grand challenge

Game over, security researchers – DARPA’s AI bug hunters are coming for your jobs

DEF CON A quest to build a smart computer system that finds and patches bugs faster and more efficiently than humans is off to a good start with all the teams in DARPA’s Cyber Grand Challenge performing very well indeed. The contest, held at the DEF CON hacking conference in Las Vegas, was organised by the research arm of the US …
Iain Thomson, 05 Aug 2016
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Mad-tech labcoat-sporters DARPA pit infosec AI against itself

The US Defence Advanced Research Projects Agency, DARPA, will host the final round of the world’s first AI hacking tournament in Las Vegas today, where seven teams of competitors will take their custom-built autonomous cyber reasoning systems into battle. Prestige and technological achievement in the field of AI cyber security …
Katyanna Quach, 04 Aug 2016

Microsoft has stopped cutting sales fees for resellers? Yep

Microsoft has quit hacking into fees paid for channel software sales, and reselling clouds is getting more profitable – these seemed to be the major takeaways from top brass at Insight Enterprises in an enterprising Q2. Revenue at group level went up two per cent to $1.46bn, but this top line expansion was driven purely by the …
Clodagh Doyle, 04 Aug 2016
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Cray profits literally go up in smoke after electrical incident

Cray has revealed that its products' Q2 profits have literally gone up in smoke. The company this week announced second quarter revenue of US$100.2m, down from $186.2m in 2015's corresponding quarter. That dip meant the company incurred a loss of $13.1m compared to last year's $5.8m profit. Things aren't going to be much …
Simon Sharwood, 04 Aug 2016
no_turnaround

Blink and you'll miss the turnaround at Systemax

If a turnaround is happening at Systemax’s European reseller ops (Misco) then someone forgot to give the accountants the right numbers. The Technology Products Group reported sales of $238.2m, down 5.6 per cent year-on-year for calendar Q2, while operating losses widened from $0.8m to $2.2m. CEO Larry Reinhold said the …
Paul Kunert, 03 Aug 2016
Crowd watches fireworks at night in the field. Photo by Shutterstock

WD disk revenues spin slower as its flash fireworks go off

WDC beat its own better-than-expected preliminary results estimates with a $3.495bn quarter but swung to a $351m loss with fewer disk units sold. Layoffs are coming. Revenues for the fourth fiscal 2016 quarter, ended July 1, were 9.2 per cent higher than a year ago and 24.8 per cent up on the previous quarter. This quarter …
Chris Mellor, 29 Jul 2016

What's on a road to nowhere? Ingram's Q2 numbers

Ingram Micro outlined progress, or rather lack of it, when it reported calendar Q2 numbers last night and did little to convince financial markets - including Shanghai’s Stock Exchange - that it is a business going places fast. The world’s largest tech distributor said revenue for the three months ended 30 June were down four …
Paul Kunert, 29 Jul 2016
Barton aqueduct mid swing, photo Alun Taylor

Avoiding Liverpool was the aim: All aboard the world's ONLY moving aqueduct

Geek's Guide to Britain There are several fine examples of Victorian engineering still working in Blighty. Tower Bridge in London is one of my personal favourites. I was surprised to discover that another was on my doorstep. Well, 4.34km (2.7 miles) from my doorstep to be more accurate. The Grade II-listed Barton Swing Aqueduct in Salford was built …
Alun Taylor, 28 Jul 2016

Couple in the cooler for sucking $1m out of Uncle Sam via IRS 'Get Transcript' scam

Two people have been jailed for their involvement in a scam that exploited the US IRS "Get Transcript" website to defraud the American government. A couple from Austell, Georgia, laundered more than $1m as part of a larger swindle that abused weaknesses in the taxmen's website to get the personal data needed to file fraudulent …
Shaun Nichols, 27 Jul 2016

Lowland Scots plunged into panic by marauding ostrich family

Residents of Ayrshire are living in fear of a marauding family of ostriches that have mysteriously appeared in the usually quiet Scots region. The Scottish Society for the Prevention of Cruelty to Animals issued an alarming bulletin today, warning residents of the home county of both Biffy Clyro and Nicola Sturgeon that at …
Joe Fay, 27 Jul 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …