Articles about Better Than Expected

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
Ireland and Great Britain map, image via Shutterstock

Sayonara, Brits! The Irish tech sector could benefit from Brexit

There appears to be a broad consensus that a Brexit would be bad for Ireland: that Ireland’s economy would be seriously affected if the UK decides to leave the EU on June 23. A report by Irish business lobby group Ibec has warned of “the far-reaching impact on Ireland if our nearest neighbour, key trading partner and close …
Billy MacInnes, 06 May 2016
Carly Fiorina

Carly Fiorina makes like HP and splits – ex-CEO quits White House race

After her campaign garnered just four per cent of the vote in the New Hampshire primaries, Carly Fiorina has announced that she has suspended her run to be US commander in chief, but will carry on campaigning. "I've said throughout this campaign that I will not sit down and be quiet. I'm not going to start now," she said in a …
Iain Thomson, 10 Feb 2016

We've all suffered hangovers, but Qualcomm's right now is something epic

Qualcomm makes running a top-tier semiconductor business look like hard work. The Snapdragon system-on-chips it designs are used all over the place in smartphones, smart TVs, cars, gadgets, you name it. This should be easy street for Qualy, and yet it's slipping over in the winter ice. Let's go over the numbers first. On …
Chris Williams, 28 Jan 2016
Satya Nadella

Sales down, profit up, 1,000 bods chopped: Your one-minute guide to Planet Microsoft

Microsoft has published its figures for the first quarter of the 2016 financial year (its accounting department shuns calendars) and reports that profits are up, even though revenues fell. "We are making strong progress across each of our three ambitions by delivering innovation people love," said CEO Satya Nadella in a canned …
Iain Thomson, 23 Oct 2015
Bulls_eye_target

Barracuda misses Q2 results target

Cloud security and storage supplier Barracuda recorded growing revenues in its latest quarter, but fell short of expectations and made a loss because of poor sales in Europe and large deal push-outs. However, it announced it was buying a managed service provider software company to grow its market. Revenues for the second …
Chris Mellor, 01 Oct 2015

Lenovo exec: Yes we can get IBM's server biz out of the crapper

Interview Lenovo Europe president Eric Cador is banking on a major overhaul of its enterprise supply chain – among other things – to help the x86 business it acquired from IBM “recover” lost ground. In the UK alone, IBM’s revenue share slumped to $31m by Q4 ’14 from $61m in the prior year’s quarter, caused by the uncertainty surrounding …
Paul Kunert, 24 Aug 2015

Gazan medico team 3D-prints world-leading stethoscope for 30c

Tarek Loubani, an emergency physician working in the Gaza strip, has 3D-printed a 30 cent stethoscope that beats the world's best $200 equivalent as part of a project to bottom-out the cost of medical devices. Loubani together with a team of medical and technology specialists designed the stethoscope and tested it against …
Darren Pauli, 14 Aug 2015
Samsung Galaxy S6

The sad song Samsung's sung: SEVENTH quarterly fail in a row

Samsung has warned the market that it's going to miss its previous earnings guidance for the April-June quarter. It will be the Korean goliath's seventh successive quarter of decline in year-on-year terms. The original guidance of 7.2 trillion won (US$6.38 billion) has been downgraded to a forecast 6.9 terawon ($6.13 billion …
Sleeper

Airbnb beats actual posh hotel chain with stupidly large valuation

Airbnb is shortly expected to unveil a valuation of $24bn (£15bn), meaning it will soon be worth more than actual hotel chain Marriott, according to reports. This month, Airbnb expects to close a $1bn (£628m) funding round at a $24bn valuation, "people familiar with the matter" have whispered to the Wall Street Journal. In …
Kat Hall, 18 Jun 2015
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco CEO John Chambers' parting gift: a better-than-expected Q3

Outgoing Cisco boss John Chambers is smiling after delivering an April quarter that's 5.1 per cent up over the April 2014 quarter in turnover and 11.7 per cent up in profit. The result would have been even better, but for ongoing weakness in the service provider market (down 7 per cent). The enterprise, public sector and …
Crucial BX100 and MX200 SSDs

Business or pleasure? Crucial MX200 and BX100 1TB SSDs

Review It’s not often you get an SSD manufacturer launching two new families of drives at the same time, but Crucial is back from kicking the sand into the faces of its competitors with its aggressive pricing policy of the MX100 series. This time it's flexing its muscles with the BX100 and MX200 ranges. Crucial BX100 SSD Budget 1TB …
Simon Crisp, 12 May 2015

Cash-happy Quantum is poised to enter the HPC market

Quantum's confirmed fourth quarter and full fiscal 2015 results were better than the prelim numbers, with full year net income the highest in more than five years, and it's aiming to move into high-performance computing storage. Q4 revenues were $147.8m (the preliminary figure was $145m) with net income of $12.9m (prelim: $12m …
Chris Mellor, 07 May 2015

Samsung and HTC: Gaze upon our EMBIGGENED numbers, pesky analysts

Cost-cutting and better-than-expected mobile shipments helped Samsung Electronics and HTC trash analysts' profit forecasts, according to both firms' unaudited Q1 data. Results from the Korean chaebol took a turn for the worse in 2014 as demand for its smartphones and tabs crashed, causing an inventory pile-up that proved …
Simon Rockman, 07 Apr 2015
Adobe Creative Cloud

Adobe: Flash, pah. Look, we're doing just fine in the cloud, thank you

Adobe has reported better-than-expected earnings for the first quarter of 2015 ahead of what it called are strong financial figures. The Silicon Valley stalwart reported haul of $1.11bn in revenues and earnings per share of $0.44, well ahead of analysts' $0.39 estimates. Over the quarter customers downloaded 30m apps and piled …
Shaun Nichols, 17 Mar 2015
Snowden

I wish I'd leaked sooner says Edward Snowden in post-Oscar chinwag

In his first public comment since the documentary CitizenFour's Academy Award win on Sunday, Edward Snowden took questions from the public and revealed what he says is his biggest regret about becoming a whistleblower. "I would have come forward sooner," he said. "Had I come forward a little sooner, these programs would have …
Iain Thomson, 24 Feb 2015

Whose GPUs let it cruise to record revenues? Nvidia, that's who!

Nvidia performed better than expected for the fourth quarter of its fiscal 2015 and for the year, with strong graphics processor sales buoyed by its swiftly growing application processor business. The chipmaker reported fourth quarter earnings of $0.43 per diluted share on record revenues of $1.25bn, both of which beat Wall …
Neil McAllister, 12 Feb 2015

4G Mobile data suck stiffens Vodafone revenues

Vodafone has seen an increase in its UK revenues of almost one per cent during the fourth quarter of 2014, prompted by users gradually moving to 4G and spending more on data. Revenue in the fourth quarter of 2013 was £1,518m, rising to the princely sum of £1,532m for the end of 2014, the mobile giant's first UK revenue rise …
Simon Rockman, 05 Feb 2015
Emulex_results_Q2fy156

What's that, Emulex? A profit? Just over the horizon?

Emulex CEO Jeff Benck unveiled a ray of sunshine with surprisingly good preliminary revenues for its latest quarter. The company ships Fibre Channel HBAs and Ethernet connectivity products and is locked in combat with QLogic in the HBA and converged network adapter markets. Emulex is expecting $110m to $111m in revenues for its …
Chris Mellor, 20 Jan 2015
Intel headquarters, Santa Clara

Medic! Intel can't stanch bleeding from mobile chip biz

Intel closed the book on a smashing first full year under CEO Brian Krzanich on Wednesday, reporting record revenues and earnings that beat analysts' estimates. But not every aspect of its business looked equally healthy, with mobile as the obvious trouble spot. Chipzilla pulled in $55.9bn in revenues during its fiscal 2014, a …
Neil McAllister, 15 Jan 2015
Mark Hurd and Safra Catz

Hurd'n'Catz leading Oracle to the cloud, but core biz still lags

Oracle beat analysts' estimates for once for the second quarter of its fiscal 2015, with an earnings report that otherwise showed only modest results. The database giant's total revenues of $9.6bn for the three months that ended on November 30 were better than expected, but still only amounted to 3.5 per cent year-on-year …
Neil McAllister, 18 Dec 2014
Tesla's Elon Musk

Elon Musk hits the brakes on Tesla's e-SUV Model X production

Tesla's shares jumped seven per cent in after-hours trading after it announced a better than expected third quarter. The electric car manufacturer delivered just under 8,000 Model S sedans in the three months to September 30, generated $851m in GAAP revenue (up 97 per cent year-on-year) and recorded a GAAP net loss of $74.7m (94 …
Kieren McCarthy, 06 Nov 2014
Huawei P1

European networks giants have adjusted to life with Huawei at last

Analysis The wireless infrastructure vendors were uncharacteristically upbeat in their second quarter results announcements. The impact of Huawei and ZTE has overshadowed them for so long that it seemed like a permanent fixture, but to a great extent, the western suppliers, and their shareholders, have now adjusted to the reality of …
Wireless Watch, 04 Aug 2014

Thought PCs were in the toilet? They're STILL eating Apple's lunch

Apple is losing ground to rival PC manufacturers as shipments plummet in the key US market, according to a report from IDC. The fruity firm's share of the US PC market slipped from 10.9 per cent last year to 10 per cent in the second quarter of 2014, while its year-on-year growth shrank by 1.7 per cent. These dismal figures …
Jasper Hamill, 10 Jul 2014

RM: Killing our PC unit hit our top line, but our bottom line is pert

Murdering the PC building biz was always going to result in some top-line slippage for Brit specialist education tech supplier RM, but the move to shutter the production line hasn't hurt profits, quite the opposite. The Oxford-based biz today reported half-year numbers to 31 May with sales down more than 22 per cent to £92.1m …
Paul Kunert, 07 Jul 2014

eBay cops $3 BILLION tax bill after moving its profits back onshore

Online tat bazaar eBay has copped a $3bn tax bill after bringing $9bn of cash held overseas back to the US. The firm hopes to use the remaining money to fund potential acquisitions at home. The firm announced as part of its first quarter earnings that it had paid a discrete tax charge of around $3bn to bring the cash pile back …

It's spade sellers who REALLY make a killing in a gold rush: It's OVER for graphics card mining

If you’ve been mining "low-price Bitcoin wannabe" Litecoins with a rig of graphics cards, now is the time to shuffle them off to eBay – unless you can find a better use for them. Chinese chip manufacturer Innosilicon is now selling its “A2 Terminator”, a 28nm ASIC for mining Litecoins. It follows on the heels of its A1 …
Simon Rockman, 29 Apr 2014
Bald Diesen

Pure Storage CEO goes BALD after losing bet on firm's results

Pic Pure Storage CEO has made good on his bet and shaved his head in response to Pure Storage’s results. The all-flash array startup boss said he’d shave his head if Pure’s sales, sales order management and shipping folks managed to double the firm’s business in the fourth quarter. They did and so Scott Dietzen’s cranial follicles …
Chris Mellor, 11 Mar 2014
pc_tumour_01

Hey doc, what's the PC's prognosis? A. Long-term growth below zero

The worldwide PC market suffered the "most severe contraction on record" in 2013, which means it is doing better than expected, analyst house IDC said on Tuesday. PC and laptop shipments declined by 9.8 per cent in 2013, the firm revealed – and it projected further year-on-year declines through to 2014. 315 million PCs and …
Jack Clark, 05 Mar 2014
HP cloud

HP rides data center growth out of sludgy IT market

HP has reported better than expected financial results on the back of strong server sales and – unexpectedly – good performance in the struggling PC market. The IT company reported an earnings-per-share of $0.90 and a net revenue of $28.2 billion on Thursday for its first fiscal quarter results, beating analyst expectations of $ …
Jack Clark, 20 Feb 2014
Tesla Model S

Elon Musk ADMITS he met Apple: iCar 'great idea', keeps schtum on Tesla hookup

Tesla CEO Elon Musk has admitted holding a tête-à-tête with Apple - but has refused to disclose the exact nature of the discussions. Rumours have been swirling about a possible hook-up between the fruity firm and the electric car manufacturer. Although Musk confirmed that he had held talks with Apple, he gave no indication …
Jasper Hamill, 20 Feb 2014
Nvidia GeForce 8700M GT

Gamers save Nvidia's bacon in storming fourth quarter

Nvidia has reported better-than-expected fourth quarter financial results, with revenues of $1.14bn over the three months ending January 26, up 9 per cent on the last quarter and 3 per cent on the year-ago period. "Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU …
Iain Thomson, 12 Feb 2014
Six million dollar man

First man/machine nerve grafts restore amputee's sense of touch

After years of research and hours of gruelling surgery, scientists have successfully attached sensors from a prosthetic hand to human nerve tissue to allow the device to give its wearer a sense of touch. A prosthetic hand with a sense of touch Lucky Dane gets to feel balls again "The sensory feedback was incredible," reported …
Iain Thomson, 06 Feb 2014
SanDisk 2.5in 32GB internal Flash drive

SanDisk flashes better-than-expected results. Right, let's upend our biz model

Flash card and SSD shipper SanDisk has ended a lovely-looking fiscal 2013 with four quarters of rising revenues and rising profits, contrasting well with the relative disaster that was fiscal 2012. But the company will have to move fast to address falling memory prices. SanDisk revenues and net income to fy2013 Chief …
Chris Mellor, 24 Jan 2014

Glassholes, snapt**ts, #blabbergasms, selfies and PRISM: The Reg's review of 2013

Year in Review "Selfie" is the Oxford English Dictionary's word of the year. There's nothing new about a "selfie" - it's a self-portrait - but a perfect storm of social networks and smartphones has given popularity to a word and an act even world leaders feel it's OK to do on really serious occasions. In keeping with a long tradition here at …
Gavin Clarke, 31 Dec 2013

Halfway through Meg Whitman's HP turnaround time: Is it working?

Analysis Two years in, is Hewlett-Packard CEO Meg Whitman’s recovery plan bearing green shoots? The company beat gloomy Wall Street projections for the fiscal fourth quarter and 2013 year. HP’s top line still took a battering but PC sales were not as bad as expected – and better than IDC’s estimated decline for the market. Whitman told …
Gavin Clarke, 27 Nov 2013
Microsoft campus

Microsoft: Ha ha, my Wall Street friends - THIS time the victory is OURS

Microsoft disclosed on Thursday its earnings for the first time since outgoing CEO Steve Ballmer announced the company's radical restructuring in July, and from all appearances, all is well in Redmond. The software behemoth reported profits of $5.24bn (up 17 per cent year on year) and earnings per share of $0.63 on record …
Neil McAllister, 25 Oct 2013

AMD avoids a red-ink-stained quarter for once, market says 'meh'

Perennial chip challenger Advanced Micro Devices (AMD) has posted a profit for the third quarter of 2013, a turnaround that has failed to excite investors. The good news is that AMD hauled $US1.46bn through the door during the quarter, which means it was in the black by $95m, or 0.06 per share, according to generally-accepted …
Simon Sharwood, 18 Oct 2013
Broke - empty pockets

PC sales shrank less than expected during back-to-school 2013

Want a shock? Sales of desktop and notebook PCs during the all-important back-to-school period were actually better than expected, according to the latest figures from research firm the NPD Group. That doesn't mean the PC market has suddenly leapt off its sickbed and started tap dancing, mind you. The numbers are still …
Neil McAllister, 27 Sep 2013
The Register breaking news

Groupon pops corks: Happy CEO, sales and shares up, profit... oh

Groupon has named co-founder Eric Lefkofsky as the next chief exec at the same time as announcing better-than-expected revenues in this year's second quarter, sending shares shooting up 25 per cent. This is despite making a $7.6m loss during those three months, whereas it made a profit of $28.4m the same period last year. The …
Avnet TS

Annus Horribilis for Avnet Inc

Enterprise tech distie Avnet closed off fiscal '13 on a relative high - well sort of - but the single digit sales hike came too late in the day for management to characterise the year as one of progress. The sector bellwether posted Q4 numbers for the three months ended 29 June showing a 4.5 per cent year-on-year rise in revenue …
Paul Kunert, 07 Aug 2013

Imation posts FOURTEENTH loss-making quarter

Scalable-storage biz Imation's revenue slump continues while management continues to talk the talk about recovery, which – worryingly, for Imation – depends mainly upon storage array product developments in a brutally competitive market. The firm's revenues – and profitability – crashed as tape and optical disk media sales …
Chris Mellor, 01 Aug 2013

Cray posts modest loss, awaits Q4 revenue wave

Supercomputer maker Cray turned in a slightly better than expected second quarter, with a modest bump in revenues and a slight loss. This is a win in the ever-choppy supercomputer racket – and particularly for Cray in a second quarter. For the past three years, Cray has been cramming a large portion of its sales in the final …
The Register breaking news

People really liked our Xperia. Throw in a weak yen and KERCHING - Sony

The weak yen and strong sales of its smartphones in Japan combined to help Sony report a better-than-expected operating profit in its fiscal first quarter. Things were looking good for the one-time electronics giant at home, where foreign exchange rates were helping its bank balances and its flagship Xperia smartphone was well …

Symantec: We've lopped off half our heads, but look how well we're doing now

Storage and security software behemoth Symantec reported increased revenues but profits down in its first fiscal 2014 quarter, as CEO Steve Bennett's companywide reorg made some progress. Symantec's new strategy of focusing the sales firehose on service providers looks like it's beginning to pay off. First quarter fiscal 2014 …
Chris Mellor, 31 Jul 2013

Apple earnings slip, but numbers beat Wall Street estimates

Apple – unlike its tech-industry compatriots Microsoft, Google, Intel, BlackBerry, and über-rival Samsung – surprised most Wall Street moneymen by turning in slightly better than expected numbers for its third fiscal quarter of 2013, reporting revenues of $35.3bn, net income of $6.9bn, and the all-important earnings per share ( …
Rik Myslewski, 23 Jul 2013

Oracle posts flat revenues on slow software sales

Oracle execs were quick to talk up the company's cloud efforts during its Q4 2013 earnings call on Thursday, but slow software sales disappointed investors and sent Oracle's shares tumbling in after-hours trading. Total revenues for the fourth quarter of Oracle's fiscal 2013 were flat at $10.9bn when compared to the same …
Neil McAllister, 20 Jun 2013
The Register breaking news

Planetary Resources may upgrade crowdfunded satellite into alien-finder

The Kickstarter campaign to build a satellite for public use is going better than expected, according to asteroid mining company Planetary Resources, and so it has extended its revenue target to help fund hardware upgrades to enable the orbital platform to search for exoplanets. The campaign, which seeks to partially fund an …
Iain Thomson, 12 Jun 2013
The Register breaking news

IT'S ALIVE: Groupon stock up, spreadsheets still soaked in red

Groupon shares rallied in after-hours trading last night, jumping at least 10 per cent - after the daily deals site announced a better-than-expected rise in revenue. The voucher bazaar is still making a loss, however. Investors have been more optimistic about the site's stocks since co-founder and chief Andrew Mason was …

Symantec: We 'stubbed our toe' on Backup Exec, but we'll be fine

Analysis Symantec's new broom CEO has presided over record final quarter - at least for revenues - and full year 2013 results. This is despite the company being in the middle of a management clear-out, profits droop and wholesale sales operation revamp. Revenues for the fourth quarter, which finished on 29 March, were $1.75bn, a record …
Chris Mellor, 09 May 2013