Articles about Accounting

TwitterIPO

Has the world reached PEAK TWIT? Supplies of new Twitter users are drying up

Twitter finished off fiscal 2014 with a ripper fourth quarter in many senses, during which it doubled sales from the previous year - but the microblurt-based ads site gained fewer users than some investors hoped for. On Thursday, Twitter reported revenues of $479m for the three months ending on December 31, a 97.4 per cent gain …
Neil McAllister, 05 Feb 2015
channel

Coda wafts accounting software onto Salesforce.com's cloud

Veteran accounting software outfit Coda has made a jump into the cloud by pooling its online offering with Salesforce.com. The companies become joint owners of Financialforce.com. This will have headquarters in Silicon Valley and Yorkshire, and will encompass the existing Coda 2go operation, running on Salesforce.com's force.com …
Joe Fay, 30 Sep 2009
Nokia Black Lumia Windows Phone Update

Windows Phone bumping along the bottom

Microsoft has revealed a new batch of data about Windows Phone's fortunes, and it seems Redmond's mobile efforts are doing best at the low end of the market. The good news is that Windows Phone 8.1 is now accounting for 65 per cent of Windows Phone app downloads, with Windows Phone 7 at under five per cent. The most popular …
Simon Sharwood, 24 Dec 2014

HP 'KNEW' about Autonomy's hardware sales BEFORE the whistle blew: report

HP knew about Autonomy's hardware and reseller sales long before a whistleblower pointed them out and the company wrote down its acquisition by $8.8bn, the Financial Times has claimed (paywall), citing emails and Deloitte audit reports. HP has accused Autonomy of "accounting improprieties, misrepresentations and disclosure …
BlackBerry

BlackBerry CEO Chen says to expect profits ... in 2016

In a conference call with financial analysts on Friday, BlackBerry CEO John Chen said the firm kept costs under control and even eked out a meager profit in the third quarter of its fiscal 2015, but he couldn't hide that the ailing mobe-maker's revenues continued their steady decline. BlackBerry brought in revenues of $793m for …
Neil McAllister, 19 Dec 2014

Spinning rust into gold: WD profit grows ... though sales dip

+Comment Western Digital sold 61 million drives in its latest quarter, 2.1 million less than a year ago, but made $30m more profit, and it out-shipped and out-earned rival Seagate – CEO Steve Milligan's men must have ear-to-ear grins on their faces. The company’s revenues, including its WD and HGST operations, for Q2 in its fiscal 2015 ( …
Chris Mellor, 28 Jan 2015

Humanity now making about 41 mobes EACH SECOND

The world is now manufacturing just under 42 mobile phones a second thanks to an uptick in global production, IDC's presumably-very-tired handset-counters say. The firm's latest quarterly phone count found shipped 327 million mobiles in the year's third quarter. Do the math: there's 7,862,400 seconds in 91 days. Divide 327m by …
Darren Pauli, 30 Oct 2014

Did HP just tip its hand on Autonomy? Spoiler: It was a busted flush

Analysis Autonomy has come under fire for a software deal between itself, reseller MicroTechnologies, and the Vatican – but all is not as it seems. A report published by Reuters on Friday attempted to shed light on HP-owned Autonomy's strange deal to sell technology worth $11.55m to MicroTechnologies, which was bidding on a contract to …
Jack Clark, 18 Jul 2014

Sage Pay anti-POODLE upgrade REDUCED security - briefly

Online payment service Sage Pay has been fingered for temporarily reducing its security while revamping its site security. Security consultant Paul Moore noticed that the Sage Pay website was briefly running a weak cipher last week. The issue was quickly corrected after Moore went public with his concerns on Tuesday. He …
John Leyden, 04 Feb 2015

Sprint starting mass layoffs to 'improve operational efficiencies' in mobile network

Workers at third-ranked US mobile network Sprint will have a nervous month as large numbers of them are going to be getting the call to "Come into the HR office please, and bring your key card." On Friday, the company made a regulatory filing in which it said it would be setting aside $160m to cover the cost of the layoffs, …
Iain Thomson, 04 Oct 2014
Sky Anytime+

Sky's tech bets pay off: Pay TV firm unveils blazing growth for Q1

Sky posted record numbers as its tech bets continue to pay off. BskyB’s ARPU (average revenue per customer) reached £576, up £32 from two years ago, with triple-pay punters accounting for 37 per cent of its 15.5 million customer base. Just over 11.5 million of those are retail customers, and just over 4 million wholesale. The …
Andrew Orlowski, 16 Oct 2014

US govt opens door to Google The Cellphone Network

The US government has cleared the way for Google to become your next cellphone network provider – possibly without costing the company a pretty penny. As we revealed yesterday, the advertising giant wants to use the largely open spectrum at 3.5GHz to provide high-speed mobile data connections at low cost to phones and gadgets in …
Kieren McCarthy, 10 Jan 2015
Can you figure out the mystery company?

Guess which US tech giant was just hit with a $137m tax bill in China?

The Chinese government doesn't want to embarrass whichever US multinational it just slapped with a US$140m bill in back taxes – but let's just say it's large and its name begins with the letter "M." OK, it's Microsoft. But neither China nor the software giant are coming right out and admitting it. According to a story from the …
Neil McAllister, 26 Nov 2014

Olympus trio escape jail but firm fined £4.6 MEEELION

Three former Olympus execs have been found guilty of massive accounting fraud and the camera-maker fined ¥700m (£4.6m), although the disgraced trio escaped prison sentences. Tokyo District Court on Wednesday sentenced former chairman Tsuyoshi Kikukawa, auditor Hideo Yamada, and ex-VP Hisashi Mori to suspended prison terms after …
Phil Muncaster, 04 Jul 2013

EMC reports mixed results, fingers axe: 'Reduction in force' planned

+Comment Storage giant EMC has announced its plans to lay off an unspecified number of staffers in Q1 and said in an SEC filing that it would record restructuring charges in the range of $130m to $150m. In the final few months of last year, EMC increased its revenues by $1bn, quarter on quarter, with Pivotal and VMware growing strongly, …
Chris Mellor, 29 Jan 2015
SAP

UTS Business School bakes SAP into courses

The University of Technology Sydney (UTS) is poised to offer courses in SAP. The courses will be offered as either standalone subjects or as part of a Master of Business in Accounting. Bean-counting is the focus on the new courses, two of which are “foundation” level affairs consisting of a “Certificate 1 in Accounting with SAP …
Simon Sharwood, 20 May 2013
big droplets falling from rain cloud

Channel: IBM stamps us into the dirt in race for cloudy glory

IBM is trampling over some smaller software boutiques in the rush to pump up its cloud sales volumes, we are told. Selling tech as-a-service is one of the five strategic pillars on which Big Blue has staked its future – alongside mobile, social, big data and analytics. But, at least according to some IBM Business Partners, it …
Paul Kunert, 08 Jan 2015
management strategy4

Return of the king: Gass anointed Tech Data UK boss again

A little over two years after ending his second stint as Tech Data's UK and Ireland head honcho, Andy Gass is set to recline into his old MD chair again, with current incumbent Peter Hubbard to take over at the local Mobile sub. Company veteran Gass only moved upstairs to be senior veep of south and west Europe at the start of …
Paul Kunert, 19 Feb 2014

Sage 50 activation blackout: Shops sent back to paper age

New and existing retail customers of the Sage 50 online accounting service were left in the lurch following a “massive” server outage last week. Shops installing new versions of the Sage 50 accounts software or upgrading their existing accounts were unable to register their serial numbers or activation keys for the new systems …
Gavin Clarke, 02 Sep 2013
School kids

FCC OKs $5 BEEELLION Wi-Fi cash splash in schools, libraries

Five billion dollars will be used to fund Wi-Fi networks in US schools and libraries after the Federal Communications Commission (FCC) passed an overhaul of the E-rate program. The commission issued an order that will pour $2bn of additional funds into E-rate over the next two years for the purpose of installing and upgrading …
Shaun Nichols, 11 Jul 2014

Tech Data goes for big gun credit man amid accounts probe

Tech Data UK has opted for a big hitter to head up its credit function amid the continued probe into accounting irregularities. Blighty's largest distributor has hauled in former Sun Microsystems global credit manager Kevin Corcoran as director of credit services and after sales management. The second element to the title is …
Paul Kunert, 27 Nov 2013
Starship Enterprise

Beancounters tell NASA it's too poor to fly planned mega-rocket

The US Government Accounting Office (GAO) has told NASA it has a massive funding shortfall for its ambitious Space Launch System (SLS) rocket if the spacecraft has any chance of blasting off on schedule. "The agency’s current funding plan for SLS may be $US400 million short of what the program needs to launch by 2017," the …
Iain Thomson, 25 Jul 2014

SEC: We won't slap IBM over its cloud revenue reporting

IBM has announced that it has avoided any regulatory action over the way it reports its revenues from cloud computing after the US Securities and Exchange Commission completed its investigation. The company said in a filing that it had been notified that the market authority wasn’t planning any action over its cloud business. “ …

How much is Microsoft earning from its Android taxes again?

Analysis We’ve known for years that Microsoft makes more money from Google’s Android than Google does itself – but now we have a better idea of how much hidden “tax” is included in the price of an Android handset. That’s because Samsung and Microsoft have fallen out, and Redmond’s lawsuit sheds light on the secretive world of patent …
Andrew Orlowski, 07 Oct 2014
Android icon desktop toys

BITE that APPLE if you want to escape the Android garden, Microsoft

Analysis Microsoft has made Office on Android available on tablets at the exact moment its fortunes with Apple and Samsung are in flux. If Redmond's going to win, it needs to bet on Apple. Redmond removed the preview label from Office for Android apps on Thursday, making Word, Excel, PowerPoint and OneNote available from Google’s Play …
Gavin Clarke, 29 Jan 2015
Files

Twitter: Hey. Remember us? Hello, yes. Govts want to spy on us too!

Twitter has seen government requests for user information climb nearly 50 per cent over the last six months. The company said in its semi-annual transparency report that over the first half of 2014, governments from 54 countries made requests for account information. Eight of those countries were requesting data for the first …
Shaun Nichols, 01 Aug 2014
hands waving dollar bills in the air

Microsoft's Fast charged with 'accounting fraud'

Norwegian economic crime police have raided the headquarters of Microsoft-owned Fast Search and Transfer and charged the firm with accounting fraud. Police attorney Baard Thorsen told Reuters that evidence was being sought following allegations that Fast inflated its revenues prior to Microsoft’s $1.2bn buyout of the company in …
Kelly Fiveash, 16 Oct 2008

Maplin Electronics sold for £85m to Rutland Partners

Electronics retail chain Maplin has been sold to a private equity firm for £85million - just a third of what it was acquired for a decade ago. Rutland Partners has snapped up Maplin and promised to use "change, restructuring and investment" in the pursuit of profitable growth. In a canned statement, Nick Morrill, managing …
Paul Kunert, 27 Jun 2014
Mozilla Firefox Fox sitting down

Mozilla re-negotiates Google multi-million dollar sugar-daddy deal

Exclusive Mozilla is negotiating its multi-million-dollar sugar-daddy finance deal with Google to keep operating. The Firefox browser-maker is in talks with Google to extend an agreement that has funnelled millions of Mountain View dollars into the not-for-profit web idealist shop, The Reg has learned. Google is the default search …
Gavin Clarke, 12 Nov 2014
A sapphire gemstone

Sapphire glass maker's woes caused by Apple relationship 'breakdown'

Analysts have suggested the collapse of sapphire glass manufacturer GT Advanced Technologies may have been caused by a "breakdown" in relations with Apple. The iThing giant appeared to be determined to use the scratch-resistant wonder material in its new iPhones and the Apple Watch, but those plans were thrown into doubt on …
Jasper Hamill, 08 Oct 2014
cloud

Sage moves into cloud with online SMB accounting package

Business software company Sage launched a new web-based accounting product today targeted at individuals and SMBs. The Newcastle-based FTSE 100-listed firm developed the software, which was built on the Ruby-on-Rails open source web application framework, as part of Sage's effort to focus on what its North European boss Paul …
Kelly Fiveash, 18 Jan 2011

Distie giant Tech Data's profits collapse amid beancounter probe

Fresh from restating P&L accounts for fiscal 11', '12 and '13, box-flinging demon distie Tech Data has released some delayed numbers for the nine months to 31 October and they make for happy reading… if you are a rival. The world's second largest tech wholesaler earlier this month published a report on the embarrassing …
Paul Kunert, 25 Feb 2014
Woman looks immensely happy while staring into blank screen of unplugged monitor

'People ACTUALLY CONFUSE Facebook and the internet in some places'

QuotW Ex-Googler, Facebook COO and mouthpiece Sheryl Sandberg claimed this week that some users (sorry, people) actually think that Mark Zuckerberg's free-content ad network is the internet. This shocking assertion came as Zuck's Number Two defended a bullshit report from consultancy firm Deloitte, which claimed that Facebook's global …
Kelly Fiveash, 25 Jan 2015
Sign outside the National Security Agency HQ

NSA: SO SORRY we backed that borked crypto even after you spotted the backdoor

The NSA's former director of research Michael Wertheimer says it's "regrettable" that his agency continued to support Dual EC DRBG even after it was widely known to be hopelessly flawed. Writing in Notices, a publication run by the American Mathematical Society, Wertheimer outlined the history of the Dual Elliptic Curve …
Iain Thomson, 14 Jan 2015

Ex-Autonomy boss Mike Lynch goes nuclear: Claims HP 'misleads' its own shareholders

Mike Lynch, former chief of HP-owned Autonomy, tossed an explosive shareholder letter onto the internet today – just hours before HP's annual investors' meeting in Santa Clara, California. The scathing missive alleges Hewlett-Packard has been "misleading" its shareholders about the reasons behind the computer giant's $8.8bn …
Jack Clark, 19 Mar 2014

Netflix, YouTube video killed the BitTorrent star? Duo gobble web traffic

Streaming video now makes up more than half of internet traffic in North America as more and more internet users shun filesharing sites. Netflix and YouTube now account for the lion's share of all online traffic, according to the Global Internet Phenomena Report by Sandvine (PDF - you need to register). Netflix is top, with 31. …
Jasper Hamill, 11 Nov 2013
euros_channel_money

Arrow Electronics engulfs hefty data centre player in €230m gobble

Serial swallower Arrow Electronics has wolfed down security and network distie Computerlinks (C'links) in a deal valued at €230m (£198m). Word on the street was that US-based giant Arrow had been locked in buyout talks with the privately-owned, Germany-based player earlier in the summer, but the deal was only confirmed late last …
Paul Kunert, 28 Aug 2013

Blundering Tech Data faces NASDAQ boot over Computer 2000 accounts

Tech Data is facing a delisting from the NASDAQ unless it can bring its financial house in order, the distributor has confirmed. The world's second largest tech wholesaler had until 26 September to file its fiscal 2013 Form 10-K - an annual report required by the SEC - and numbers for first half of this current financial year. …
Paul Kunert, 04 Oct 2013
Reckless Getaway

Osborne ponders giving fleeing bank customers an API getaway car

Banks will have to use standardised application programming interfaces (APIs) to make it easier for customers to move their accounts to rival services, the British government has said. In his Autumn Statement last week, Chancellor George Osborne announced that the government would launch a "call for evidence" on "how to deliver …
OUT-LAW.COM, 08 Dec 2014
Storiant software

Upstart brags about cheaper-than-Amazon private cold data cloud

Storiant is an object storage startup which claims its customers can use its technology to store petabyte-scale data in a private cloud at a price below public cloud storage. How does it pull this trick off? It has a customer, Markley Cloud Services in New England, which it says stores 11PB of cold data in a Storiant silo – as …
Chris Mellor, 23 Oct 2014

Trustmarque sold to biz process outsourcing specialist Liberata

Business Process Outsourcing biz Liberata has swallowed troubled Microsoft enterprise partner Trustmarque for an undisclosed sum. The solvent sale was concluded late last night, avoiding the need for the York-headquartered reseller to call in the administrators, something that seemed liked a possibility 10 days ago when issues …
Paul Kunert, 11 Sep 2014
SOURCE:  http://www.sxc.hu/browse.phtml?f=view&id=1412135

Leaky channel tanker Phoenix IT Group: It's steady as she goes

Investors received no nasty surprises in a trading update from leaky channel tanker Phoenix IT Group as the turnaround plan plotted by the latest exec at the helm remains on course. The infrastructure and managed services outfit said in an interim management statement covering 1 April until 11 August that trade is “broadly in …
Paul Kunert, 12 Aug 2014
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
Brazil flag

Logicalis: World Cup and IBM kit drop-off hit us hard in H1

Excitable Brazilian firms initiated a network spending freeze during the World that led to a $50m drop-off in kit sales for Logicalis, the integrator’s parent company Datatec said today. Turnover for the first half of fiscal 15 ended August came in seven per cent below the same period a year ago at $714.4m, which when coupled …
Paul Kunert, 15 Oct 2014

Cloud? We prefer, er, reselling tech, say tech resellers

Canalys Channels Forum 2014 Good old fashioned kit and licence reselling remains the primary way local tech suppliers pay the bills, with IT services still accounting for less than a quarter of revenue generation. This is according to a Canalys survey, which probed 352 channel businesses across the globe to ascertain the impact that classic product sales, …
Paul Kunert, 24 Sep 2014

How to deal with server hogs: Throw them out of the frying pan and into the Solidfire?

Blocks and Files Not content with eliminating unruly neighbours in cloud servers, Solidfire is bringing its QoS-focussed flash array tech to enterprises too. Up until a couple of months ago it had reached a 70:30 split between cloud service provider (CSP) customers and businesses. Now that's running at a 50:50 split. Marketing veep Jay Prassl …
Chris Mellor, 11 Aug 2014
Satya Nadella

Get ready for LAYOFFS: Nadella's coma-inducing memo, with subtitles

Microsoft CEO Satya Nadella has sent a six-page memo to the world warning of a company restructure at the end of the month. The open letter uses buzzwords and cliches to sugar-coat the news that he will tear up the Windows giant's approach to flogging devices and services. Instead, the biz will focus on building "productivity" …
Shaun Nichols, 10 Jul 2014
management regulation2

Judge rules investors can sue Meg Whitman and HP over Autonomy

HP and its chief Meg Whitman will have to face claims from a shareholder class action lawsuit alleging the exec and her firm knew statements from Autonomy's management were misleading before the acquisition. US District Judge Charles Breyer ruled that investors can go ahead with claims against the company and Whitman, saying …

Facebook pays half a billion dollars for firm that slaps ads on videos

Facebook has paid an estimated half a billion dollars to buy a video advertising firm called LiveRail. Facebook has not officially announced how much it paid for Liverail, but estimates have ranged between $400m and $500m - a huge chunk of change by anyone's standards. There was no word on the cash to stock mix that FB coughed …
Jasper Hamill, 03 Jul 2014
Bots

Google swears no search leg up for new dot-word sites: We drill into claims

Google has reiterated its claim that there is no inherent advantage to new top-level domains – such as .london or .book – when it comes to topping search rankings. The position, posted on Google+ by the web giant's trends analyst John Mueller, more or less restates what Google SEO head honcho Matt Cutts insisted more than a …
Kieren McCarthy, 18 Dec 2014