Articles about 3m

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Commvault's growing, even if profits dipped into losses this quarter

Commvault has sustained its recovery for a third quarter although it has recorded a loss after a much smaller income tax benefit was applied than a year ago. The first fiscal 2017 quarter saw a 9.6 per cent rise in Commvault's revenues to $152.4m: they were $139.1m a year ago, and $159.6m in the seasonally higher preceding …
Chris Mellor, 26 Jul 2016

Official: AMD now stands for Avoiding Miserable Death

AMD fans are over the moon today as their favorite processor designer has sold more chips than expected in the three months to June 25. The Sunnyvale, California, biz beat analysts' estimates on revenue and earnings per share in a billion-dollar quarter that ended in the black rather than the usual red: the Radeon maker banked …
Chris Williams, 21 Jul 2016
Pennies in a jar. Photo via Shutterstock

Three pence in a pound awaits Steljes' trade creditors

Unsecured creditors of audio visual distributor Steljes that are owed £6.72m by the fallen specialist will likely receive just three pence in the pound, according to the company’s administrator. Steljes collapsed in late May after cash flow dried up and directors were forced to call on AlixPartners, which decided the only …
Paul Kunert, 19 Jul 2016

Reader needs Aircon help

Reg reader "PG" has mailed looking for advice on "a suitable air conditioning unit for a small office/data centre." PG says the facility has "no windows, only a door to the outside world" and is approximately "6m (l) x 3m (w) & 2.8m (h)." "It's over 33c in here today and a few of the non-critical servers have shut down (rack …
Team Register, 19 Jul 2016

Successful fintech: UK has some, but it's not in Silicon Roundabout

Open up the business pages of any national newspaper and much of the coverage is focused on the latest fintech startup, the marvel that will transform the global financial system, backed – inevitably – by big name venture capital firms. But is this obsession with fintech deserved? A cool analysis of the phenomenon long term …
Marcus Gibson, 15 Jul 2016
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Barracuda picks teeth after chowing down on cloud market

Revenues grew 11 per cent year-over-year to $86.7m in Barracuda’s first fiscal 2017 quarter, confirming its return to growth. Net income was $2.8m. Recurring subscription revenue grew to $65.3m, up 20 per cent from $54.3m in the year-ago quarter and 75 per cent of total revenue. Appliance revenue though, was down, at $21.3m, …
Chris Mellor, 08 Jul 2016
 Good GCSEs should cost parents a Jesus-phone

RM: School spending on tech is soft, soggy and downright subdued

School spending on tech remains “subdued”, according to specialist education supplier RM at the half-way stage of its fiscal year 2016, ended 31 May. Revenue slid 3.8 per cent year-on-year to £76.8m, but excluding the disposal of SpaceKraft, which made sensory learning devices for children with special needs, sales fell 1.4 …
Paul Kunert, 04 Jul 2016
Bin

Atlantis retreats to core VDI software and appliance market

Atlantis Computing, the software house that produced a VDI (virtual desktop infrastructure) offering and then expanded into general virtual server acceleration and on into hyper-converged appliances, is scaling its product line back to workspace software and hyper-converged appliances, with consequent job losses. Its current …
Chris Mellor, 29 Jun 2016
Logs and an axe

Parliament takes axe to 2nd EU referendum petition

Analysis A petition to nullify the UK’s EU referendum and hold another appear to be riddled with fraudulent data. Raw data examined reveals that many of the participants come from outside the UK, or use IP addresses outside the UK. Only UK or British citizens and residents can create or sign a petition, according to the rules. You can …
Andrew Orlowski, 27 Jun 2016
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BA 'offers' IT bods extra leave, flexible working - unpaid of course

British Airways bosses were this week told to ask staff to "volunteer" to take unpaid leave, as the sorry cost cutting saga enveloping British Airways rumbled on. This includes all BA employees, not just the fleet of techies working at the company, and is in addition to redundancies already confirmed in the last month. “As we …
Paul Kunert, 27 Jun 2016
Jump for joy. Pic: Kate Palana

Intrinsic: We have no CEO. Otherwise everything is tickety-boo

Cisco Gold partner Intrinsic Technology has confirmed it is CEO-less - which Reg readers already knew - but that all is OK, everything is working out as planned. Honestly. As revealed by us this week, the Merseyside-based reseller has burned through four leaders in five years with the latest departure – Mark Bates – having …
Paul Kunert, 23 Jun 2016
stack of newspapers with a pair of ethernet cables next to them

VC buys 5m Violin shares

Pequot Capital hedge fund man Art Samberg has bought 5.3 million Violin Memory shares, showing faith in the company's future. Samberg was CEO, chairman and president of Pequot Capital, which grew to be a $15bn fund around 2006, the then-largest in the world. That was then and Samberg now runs his financial stuff through Hawkes …
Chris Mellor, 21 Jun 2016
Business people move through revolving door. Photo via Shutterstock

Count 'em and weep: Intrinsic looking for fifth CEO in five years

The high office revolving doors at Intrinsic Technology are clearly still swinging - the company is on the hunt for its fifth CEO in five years after attempts to find a buyer ended unsuccessfully. Top dog Mark Bates has left the organisation after two years in charge and been replaced on an acting basis by non-exec chairman …
Paul Kunert, 21 Jun 2016
Data centre

What's DriveScale up to? Mix-'n'-match server and disk storage, for starters

Backgrounder DriveScale is a startup that emerged from a three-year stealth effort earlier this year with hardware and software to dynamically present externally connected JBODS to servers as if they were local. The idea is to provide composable server-storage combos for changing Hadoop-type distributed workloads. It is meant to share the …
Chris Mellor, 21 Jun 2016
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Hey cloud lawyer: Can I take my client list with me?

You spend months or years building up a client list for your employer. You nurture the relationship and build up personal ties with the client. When you leave the employer, naturally the client goes with you. And so does the client list, via a USB stick or Dropbox or your webmail account. If you don’t get all the details before …
Frank Jennings, 20 Jun 2016
Slippery slope sign

PC market sinking even faster than first thought, thanks to Windows 10

The abacus-shufflers of analyst firm IDC have revised their 2016 PC sales forecasts downwards. The firm now says PC shipments “... are forecast to decline by 7.3% year over year”. That's “roughly two per cent below earlier projections as conditions have been weaker than expected.” The firm names “weak currencies, depressed …
Simon Sharwood, 10 Jun 2016
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Wikimedia boss scoops $100,000 payrise – after stepping down

The former head of the charity that collects and dispenses cash from Wikipedia’s fundraising secured a pay rise worth almost 50 per cent – after she stepped down as chief executive. The details only emerged after the US-headquartered Wikimedia Foundation released its 990 tax form for 2014-15. Gardner joined the WMF in …
Andrew Orlowski, 08 Jun 2016
head of 50s-style robot

Lights! Camera! Infraction! Filmmakers behind 117 meeellion robocalls to shift DVDs

Three American film companies made 117 million illegal robo-calls to flog DVDs, a court has ruled. A jury in the Utah District Federal Court found the three outfits and their owner guilty of violating the FTC's Telemarketing Sales Rule (TSR) by making the millions of calls touting DVDs of their movies. Ninety-nine million of …
Shaun Nichols, 02 Jun 2016
Pennies in a jar. Photo via Shutterstock

Go Comparex: Microsoft house counts cost of dealing with Gov.uk

The cost of righting historic accounting wrongs and winning lower margin or empty calorie government business has left Microsoft licensing slinger Comparex UK nursing losses. The firm piled on the British Pounds in the year ended 31 March 2015, growing turnover organically by a whopping 31 per cent to £41.95m, P&L accounts …
Paul Kunert, 02 Jun 2016
Marc Benioff of Salesforce. Pic: Techcrunch

Salesforce slurps up Demandware for $2.8bn

Cloudy CRM biz Salesforce has slurped up e-commerce provider Demandware for $2.8bn (£1.9bn) in a bid to broaden its portfolio. Salesforce has rarely turned a profit in its last 17 years, preferring to prioritise growth - a strategy its newest acquisition will reinforce. For its full-year ending January 31, Salesforce posted $ …
Kat Hall, 01 Jun 2016
AS/400

Scale Computing is a tiny fish in a small pond. Fancy its chances?

Comment Scale Computing is one of 13 suppliers attacking the hyper-converged infrastructure market. Not all will survive. What has it got that makes it distinctive and gives it the potential for success? Scale’s difference is based on its SMB customer approach, meaning low-cost and simplified admin, and cleaned up IO stack. This, it …
Chris Mellor, 31 May 2016
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Tech spending in Europe is slowing, a fatter Tech Data belches

Tech Data has said it is countering the slowdown in IT spending across Europe by nabbing market share from Ingram Micro rivals, though it stopped short of naming those leaky ships it is pinching business from. The IT distie titan reported group sales of $6bn, up one per cent year-on-year for Q1 ended 30 April; revenues in the …
Paul Kunert, 27 May 2016
Train wreck

The screeching of Violin Memory's parting strings is horrible

Another great quarter. Not. Violin Memory made a paltry $9.7m in revenue and posted a $22m loss for its first fiscal 2017 quarter. Revenues were down 20 per cent on the year-ago quarter and 11 per cent on the previous quarter, the fourth fiscal 2016 quarter, when revenues of $10.9m and losses of $25.5m were followed by lay- …
Chris Mellor, 27 May 2016

Foxconn to slurp loss-making Smart Technologies for $200m

Loss-making interactive display vendor Smart Technologies has agreed to sell up to Foxconn for $200m. Under the terms of the deal, the Chinese contract manufacturer will fork out $4.50 per Smart Tech share, equating to a 21 per cent premium on the average trading price in the last 90 days. The buy gives Smart access to a “ …
Paul Kunert, 27 May 2016
Bill_Halbert_Kcom

It's a Hull of a thing: Kcom takes a break from 8-year sales slide

Telecoms provider Kcom stemmed its declining revenue for the first time in eight years, reporting growth of 0.4 per cent to £349.2m for the full year 2015/16. However, operating profit fell to £6.3m from £50.9m mainly due to increased investments, compared with the previous year. That was mainly due to its fibre roll-out in …
Kat Hall, 27 May 2016

Q. What do you call a sales-growing letdown? A. Pure Storage

All-flash shipper Pure Storage delivered higher-than-expected revenue for its first fiscal 2017 quarter, but also had the first quarter-on-quarter revenue decline in its history since the IPO. Analysts thought it could have done better. Is this seasonality emerging for the first time or was there some other reason its turbo- …
Chris Mellor, 26 May 2016
Aligator eating a crab

US giant Ingram Micro snaps up little Brit Comms-care

Tech distributor Ingram Micro has snapped up UK channel services minnow Comms-care for an undisclosed sum. Comms-care sells maintenance services to resellers that can't provide services themselves. It has has 225 staff and 850 channel partners. For the full year ended 2015, Comms-care posted a revenue increase of 33 per cent …
Kat Hall, 18 May 2016

TalkTalk customers decide to StayStay after £3m in free upgrades

TalkTalk's profits plunged by 56 per cent during 2016 to a mere £14m, but chief exec Dido Harding claimed the company "bounced back strongly in the final quarter". That quarter was certainly unusual. The firm recorded its lowest ever churn in Q4 despite experiencing a massive data breach just seven months ago. The fall in …
Kat Hall, 12 May 2016
HBO: Game of Thrones

The Quantum of Solace: You've still got tape. Don't forget that

Quantum’s latest results show that scale-out storage is still not growing fast enough to outweigh declining tape storage revenues – and Quantum is still a shrinking business. Let’s do the annual numbers to show the big picture first. Revenues for the full fiscal 2016 year, ended 31 March, were $475.9m, down 14 per cent year- …
Chris Mellor, 11 May 2016
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016

Woman charged with blowing AU$4.6m overdraft on 'a lot of handbags'

A 21-year-old woman has appeared in court in Sydney accused of taking advantage of a Westpac Bank glitch which saw her accidentally granted an unlimited overdraft against which she allegedly withdrew AU$4.6m, "part of which she spent on luxury handbags", as news.com.au puts it. Chemical engineering student Christine Jiaxin Lee …
Lester Haines, 05 May 2016

Arrow ECS top dog parades $200m (run rate) cloudy biz

Cloud computing is on track to be a $200m plus annual business for Arrow ECS, the enterprise IT distie's big boss has claimed. The reliably boring firm - in a good way if you are an investor - notched up its umpteenth straight quarter of expanding sales, jumping nine per cent to $1.8bn for Q1 of fiscal ’17 ended 2 April. …
Paul Kunert, 04 May 2016
Black hole - spaghetti visualisation. Artist's impression.  NASA/JPL-Caltech, CC BY-SA

Space boffins win $3m prize for discovering gravitational waves

The team of scientists involved in the successful detection of gravitational waves has been awarded the Special Breakthrough Prize in Fundamental Physics – along with $3m. The Breakthrough Prizes, awarded for scientific achievements, are funded by Russian billionaire and physicist Yuri Milner, along with tech entrepreneurs …
Katyanna Quach, 04 May 2016
Pennies in a jar. Photo via Shutterstock

Long term sick-note abuser Misco not losing nearly as much money

A pinkish hue has yet to return to the cheeks of sickly European reseller Misco but its latest financials indicate the patient is finally out of intensive care - the same cannot be said of its parent. Most of Misco’s vital statistics improved in calendar Q1, all but sales which slipped 5.3 per cent to $258.2m - or were down a …
Paul Kunert, 04 May 2016
IBM Selectric Golfball

Commvault profits up

Commvault grew its revenues and profits in its fourth fiscal 2016 quarter. Revenues of $159.6m were up 6 per cent year-over-year and 2.5 per cent sequentially. There was a $5.8m net profit, up 70.6 per cent on a year ago, and 18.4 per cent sequentially. Software revenue was $73.3m, an increase of five per cent year-on-year. …
Chris Mellor, 03 May 2016
Stock market. Pic: Alberto Carrasco Casado

Midwich IPO will value its AV and print distie biz at £165m

The sleepy East Anglian market town of Diss is perhaps best known as the possible birthplace of former poet laureate John Skelton – but, perhaps, Midwich will finally overshadow the one-time Poet Laureate. Midwich, the region’s finest tech distributor – for AV (audio-visual) and document services to be specific – is to sling …
Paul Kunert, 03 May 2016
Gary Kovacs, CEO of AVG. Pic: World Economic Forum

Mobile antivirus sales offset declining search revenues for AVG

The scourge of Android malware is helping to bolster the bottom line of security software firm AVG but the firm still ended up recording a slight decrease in profits. For the first quarter ending 31 March 2016, AVG posted revenues of $107.9m, compared to $102.8m in Q1 2015, a rise of five per cent. Sales from AVG’s emerging …
John Leyden, 28 Apr 2016
Pennies in a jar. Photo via Shutterstock

Cloud gear biz Outsourcery is running out of cash. Again

Misfiring AIM-listed cloud provider Outsourcery appears to be running out of runway. Sales still haven’t matched the predicted highs, cash flow is drying up again and a crash seems possible. The purveyor of infrastructure, software and unified comms clouds has pre-announced its calendar year 2015 results, with revenue up nine …
Paul Kunert, 25 Apr 2016

Romania suffers Eurovision premature ejection

Romania has been prematurely ejected from this year's Eurovision Song Contest after state broadcaster Televiziunea Română (TVR) failed to cough fees owed to the European Broadcasting Union (EBU). The shock expulsion came after the EBU gave the Romanian government - which it views as "legally obliged to underwrite TVR's debt …
Lester Haines, 22 Apr 2016
Micron_16nm_NAND_wafer

Goodbye: XPoint is Intel's best exit from NAND production hell

Analysis 3D XPoint memory represents a door way to non-volatile profits for Intel and a passage away from NAND production, which is bedevilled by over-supply from costly fabrication plants with high costs. This idea starts from a simple question: how is Intel’s flash business doing? Not well, according to a financial analyst. In its …
Chris Mellor, 21 Apr 2016
Close up of etched silicon

ARM Holdings gives the thumbs-up, reports revenue and licensing uptick

Chip designer ARM has reported revenue and profit increases in Q1, with its shares trading up despite a moody FTSE 100 this morning. Q1 2016 saw a year-on-year dollar revenue rise for ARM at 14 per cent (22 per cent in £) when its results were posted today. Pre-tax profits of £137.5m are an increase of 14 per cent year-on-year …
£10 notes. Pic: Howard Lake

Ah, so that's why Adapt wasn't put in the shop window in 2015

The reason why Lyceum-backed Adapt remains Lyceum-backed is contained in their latest set of annual profit and loss accounts - company growth stalled and so a sales process was halted. The London-based outfit was expected to come onto the market last last year and tasked M&A and corporate finance advisor ARMA Partners with …
Paul Kunert, 18 Apr 2016
Gromit as HMV dog Little Nipper

Vinyl LPs to top 3 million sales in Blighty this year

Last month Sainsbury’s began stocking vinyl for the for first time in almost 30 years. The BPI today predicted estimates for vinyl sales will likely top 3m in the UK, and perhaps 3.5m. 2m vinyl LPs were sold in 2015, the highest for 21 years, and only broke back through the million mark in 2014. It’s an astonishing recovery, …
Andrew Orlowski, 15 Apr 2016

Mitel nabs Polycom in $1.96bn deal

Elliott Management has struck again: Mitel has agreed to cough $1.96bn for bigger unified comms rival Polycom some months after the activist investor took a stake in both businesses and started the match-making. The $23bn hedge fund took a 6.6 per cent stake in Polycom and 9.6 per cent in Mitel in October and was calling for …
Paul Kunert, 15 Apr 2016
Amplifier with '11' setting on volume by https://www.flickr.com/photos/kainet/ cc 2.0 attribution sharealike https://creativecommons.org/licenses/by-sa/2.0/

South Korea to upgrade national stereo defence system for US$16m

South Korea has issued a tender for a new national defence stereo system. The democratic enclave in North-East Asia has long operated huge banks of speakers on its side of the demilitarised zone it shares with North Korea. South Korea uses the speakers to broadcast propaganda and K-Pop into the North, with troops along the …
Simon Sharwood, 15 Apr 2016
Snow White waves goodbye. Photo copyright Disney

Ad slinger Phorm ceases trading

Controversial ad targeting firm Phorm has ceased trading. Phorm’s decision follows a failure to secure enough funding to run its business, as explained in a statement to the London Stock Exchange here. Phorm an advertising-technology company and first party data platform provider, announces that, further to its announcement …
John Leyden, 14 Apr 2016
Academic Complex of IIT Guwahati, including all the departments and centres,  on the bank of River Brahmaputra. Photo by Satyadeep Karnati

India continues subsidising elite IT schools

India has decided to continue very generous subsidies of the nation's Institutes of Technology (IITs), elite IT training colleges intended to produce a stream of high-quality graduates who build the nation's information technology industries. IITs are among the hardest tertiary education institutions to enter, anywhere in the …
Simon Sharwood, 11 Apr 2016

Apple faces €48.5m fine from furious French

Apple is reportedly facing a €48.5m (US$55.3m) suit claiming it violated anti-trust rules in France. A report from the local BFM Business [in French] claims that the Cupertino electronics giant leveraged French mobile phone carriers into deals that were unfairly weighted in Apple's favor. The report claims the nation's …
Shaun Nichols, 06 Apr 2016
barbie

Barbie-brained Mattel exec phell for phishing, sent $3m to China

Toy maker Mattel has recovered some US$3 million it shipped off to Chinese hackers who sent a well-crafted phishing email to a finance executive. The recovery was mostly down to luck: the cash was wired on a Chinese bank holiday which meant the funds were held up and returned by fast-acting authorities. Sources told …
Darren Pauli, 06 Apr 2016
The lift-off of New Shepard

3D printers set for lift off? Yes, yes, yes... at some point in the future

3D printing is still perched on the edge of greatness, industry types insist, but sales are not yet matching the marketing bluster. The latest stats in the shipment stakes arrived on our desks today from the number-crunchers at Context - units sales went up 19 per cent year-on-year in Q4 to 73,012 machines. Some 96 per cent …
Paul Kunert, 05 Apr 2016