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Articles about Bottom Line

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

Healthy Fibre biz fattens QLogic's bottom line... and not before time

It's a new fiscal year and a fresh first quarter for QLogic... and it looks like Q’s droopy revenue woes are set to end. It appears to have bottomed out, with numbers once again on the rise as Q starts growing again. Generally speaking, Q supplies storage access adapters and controllers for Fibre Channel and Ethernet. Revenues …
Chris Mellor, 25 Jul 2014

Tech Data shows off perky top and bottom line in fiscal '14....

If you set aside the sales contribution it slurped from acquired SDG and the positive impact of foreign currency exchange conversions, fiscal '14 was a damp squib of a year for Tech Data (TD). The box-slinging distie demon today reported a relatively strong close to the 12 months ended 31 January with group turnover up seven per …
Paul Kunert, 09 Apr 2014

Accounts probe stings IT distie giant Tech Data on the bottom line

The residual effects of Tech Data's accountancy blunder have emerged in the distribution goliath's figures for the first quarter of its new fiscal year. While the numbers published today show rising sales, profits – hit by a series of charges including a $12.2m cost related to the accounts cock-up – are well off the pace. Tech …
Paul Kunert, 29 May 2014
Micron RealSSD

Chipper chipmaker Micron shows off boosted bottom line – gee, thanks, Elpida

Memory chipmaker Micron Technology – still riding high on the announcement that its on-package memory will bolster Intel's "Knights Landing" processor – has announced what appear to be cheery results today. Its fiscal 2014 quarter revenues were $3.98bn, 3 per cent lower than the second quarter of fiscal 2014 but a whopping 72 …
Chris Mellor, 24 Jun 2014
Tesla Model S

Tesla cars can now 'do an ET' without hurting anyone's bottom line

Electric car firm Tesla's products are almost as talkative as the company's CEO. They constantly ET* to allow the company to check that the battery is in tip-top condition, the car isn’t being driven badly or that the owner isn’t thinking negative thoughts about Tesla. The company can collect a huge amount of data, although CEO …
Simon Rockman, 03 Apr 2014

Whew! 13-year-old lawsuit finally over, but it did smack our bottom line - Micron

Micron’s business is booming with first quarter 2014 revenues surging to $4.04bn. The quarter finished in 28 November and its revenues were "42 per cent higher compared to the fourth quarter of fiscal 2013 and 120 per cent higher compared to the first quarter of fiscal 2013". Net income wasn’t anywhere near as impressive at …
Chris Mellor, 08 Jan 2014

Rebounding Brit IT market beefs up Computacenter top line

Computacenter vaulted the £3bn barrier for the first time in its history during 2013 after bagging some meaty services and product deals in Blighty, but one-off charges in continental subsidiaries weighed heavy on the bottom line. Group revenues for one of Europe's largest resellers bounced 2.5 per cent year-on-year in constant …
Paul Kunert, 11 Mar 2014

Seagate's bottom line smacked as users bin desktops for tablets

Hard drive-maker Seagate's third quarter profits slipped by a whopping 64 per cent year-on-year as the company's bottom line was hit by users deserting desktops for tablets. Revenues for its third fiscal 2013 quarter were $3.53bn, 20 per cent down on an annual basis when revenues were pumped up through Thai flood drive shortages …
Chris Mellor, 02 May 2013
VMware's monster VM

VMware profits flat-line even as services revenues grow

Say what you will about VMware, but it has been brilliant about extracting the most amount of profit possible out of what used to be a virtual monopoly on x86 server virtualization in the data center. But competition from Microsoft and various open source alternatives, particularly the OpenStack-KVM combo, is putting the squeeze …
John Legere

T-Mobile US added more subscribers in last quarter than top three competitors combined

Shares in US mobile operator T-Mobile rose by more than 7 per cent on news that the firm added 2.4 million customers to its books and increased its revenues by 47 per cent in the last quarter. The news moved its outspoken CEO John Legere to profanity. We have outpaced the competition AGAIN – 12 times over! I shit you not! http …
Iain Thomson, 01 May 2014
Larry Ellison, photo by Oracle Corporate Communications

Oracle's $5 BEEELLION acquisition zeppelin looms over Micros Systems

Database and software megafirm Oracle is mulling a multi-billion-dollar acquisition of hospitality and retail tech vendor Micros Systems. The two companies are currently in "exclusive talks" about Oracle buying the company for over $5bn, Bloomberg reported on Tuesday. Such an acquisition would help Oracle combat the slowdown in …
Jack Clark, 17 Jun 2014
Autodesk Spark open 3D printer

Autodesk to release 'open' 3D printer

Design software specialist Autodesk is taking a step into the wonderful world of hardware, after announcing it intends to released a 3D printer. CEO and president Carl Bass has blogged about the new device, to be called the “Spark”, and explains that the company is trying to get the computer-aided design community enthused about …
Simon Sharwood, 16 May 2014

Cray to upgrade UK's Hector super, buff bottom line

Supercomputer maker Cray's business softened in the first quarter of 2011 because of international government-budget issues, but it did have a bit of good news to lessen the disappointment of investors thanks to a Scottish super named for a Trojan warrior. In the quarter that ended this March 31, Cray had a ridiculously easy …
Microsoft Surface bomb

Microsoft advertises Surface, Excel with maths mistake

Microsoft's Surface tablets have again embarrassed the company's bottom line, this time after failing to calculate a simple one accurately. The problem was spotted by folks at Apple Insider who noticed a San Francisco billboard advertising Redmond's latest tablet. When they peered at it closely in the image below, they noticed …
Simon Sharwood, 11 Nov 2013

VMware's desktop push heads for casualty ward, in a good way

VMware's march towards your palm, your lap and your desk has advanced again. Virtzilla recently released Horizon 6 , its much-ballyhooed end-user computing suite. Announced in April, the code is now generally available. VMware thinks it has something entirely new in Horizon 6. While the company knows it will be compared to …
Simon Sharwood, 30 Jun 2014

DCC, parent of Micro P and Gem, posts 15% boost in yearly profits

DCC Technology, parent of UK disties Exertis Micro P and Gem, danced on the grave of the recession in its latest financial year ended 31 March, reporting top and bottom line growth spurts. The IT division of the Irish conglomerate - formerly DCC Sercom - turned over £2.26bn, a leap of 22.4 per cent on a year ago, and made an …
Paul Kunert, 21 May 2014

Bloodied Samsung's profits down 25% as it clings to mobe crown

Samsung issued unaudited earnings guidance for the second quarter of its fiscal 2014 on Tuesday – and although it once again pulled in an impressive pile of coin, all is not going as well as was hoped for the world's biggest smartphone maker. The company said it now anticipates revenues of around 52.0 trillion South Korean won …
Neil McAllister, 08 Jul 2014

Silicon Valley royalty royally slammed for 'persistent, troubling deficit' of diversity

A trio of US Democratic congresswomen have criticized top tech firms' lack of diversity. In an op-ed for The San Jose Mercury News, California Representatives Zoe Lofgren, Anna Eshoo and Barbara Lee called out Silicon Valley's technology houses for the low numbers of women and minorities in their ranks. "It is painfully clear …
Shaun Nichols, 08 Jul 2014

My smelly Valentine: Europe's perfumers wake to V-Day nightmare

A number of key ingredients used in perfume brands could soon be banned or restricted in the European Union, following health concerns about some of the compounds used in well-known fragrances including Chanel No 5. Brussels officials recommended on Thursday that three substances found in woody scents, including the oak and tree …
Kelly Fiveash, 14 Feb 2014
Playground spring horse

Virgin Media sales are a bit flat under the Cable Cowboy's reign

Virgin Media has been part of Cable Cowboy John Malone's Liberty Global family for almost a year now. Yet the takeover hasn't boosted the UK telco's flat first quarter sales, which the City was told about this morning. Although growth in consumer and mobile revenue had rose, overall sales climbed a slender one per cent, to £1. …
Kelly Fiveash, 07 May 2014

HP gets 'Playboy model and the ex-CEO' lawsuit kicked out ... AGAIN

A lawsuit against HP over alleged violations of an internal ethics code relating to ex-CEO Mark Hurd’s alleged misbehaviour has been dismissed once again after shareholders failed to make their case. The shareholder plaintiffs alleged securities fraud for the second time, claiming that back in 2006 when HP adopted a “Standards …
Red Hat Shadowman logo

Rising Red Hat reaps rewards of cloud growth

Open source software vendor Red Hat once again showed strong growth in the first quarter of its fiscal 2015, with rising revenues driven by strong sales to enterprise customers. "We now count 94 per cent of the Fortune 500 and 90 per cent of the Fortune Global 500 as customers," Red Hat CEO Jim Whitehurst said in a canned …
Neil McAllister, 19 Jun 2014
union_jack

Computacenter's UK biz up by a fifth. XPocalypse bounce? Well, sort of...

The sun continues to shine on Computacenter's UK biz after a barnstorming first quarter was again boosted by the XP refresh and the firm's Professional Services order book, which it claims is in rude health. The services-based reseller reported to the London Stock Exchange a 20 per cent hike in revenues to £350.4m across Blighty …
Paul Kunert, 24 Apr 2014
arrow pointing up

What's that crunching noise? Lenovo running over rivals' bones

Unstoppable Chinese juggernaut Lenovo hit the gas pedal hard in the final three months of fiscal 2014, resulting in double digit sales and profit hikes for the quarter and the year. Meanwhile, its rivals continue to run down on empty, as they struggle to find a way to offset declining PC sales with tabs and smartphones that …
Paul Kunert, 21 May 2014

Systemax CEO: Can't get consumer biz out of the crapper

It is a new calendar and financial year for shape-shifting box-shuffler Systemax but the same problem remains: it is hamstrung by a "weak" consumer division that is a burden on the relatively fit B2B operation. The New York-listed reseller last night reported Q1 results ended March with sales declining one per cent to $873.4m, …
Paul Kunert, 30 Apr 2014

Westcon Group consumes sister biz Intact Integrated Services

Datatec-owned enterprise distie Westcon Group (WG) is to swallow sister company Intact Integrated Services to beef up margins by selling project, support and managed services, primarily on Cisco kit. The move is part of a wider play to consolidate all services operations under a single roof, and highlights efforts by WG to give …
Paul Kunert, 24 Apr 2014
hand holdin retro telephone

Tech Data dials up operations man for Europe

Tech Data (TD) continues to bulk out the management team post accountancy probe, hauling in former Ingram Micro UK boss Johan Vandenbussche to head up Operations across Europe. Under the newly created position, the industry vet will oversee HR, logistics, IT coordination and the internal consulting team, which is designed to " …
Paul Kunert, 06 Mar 2014

Apple, Google: WE SURRENDER ... to each other in patent war truce

Apple and Google have asked a US federal judge to dismiss all patent litigation between the two companies after four years of legal battles, we're told. Documents submitted on Friday to a Washington federal appeals court requested an end to the patent war, the pair revealed. Piles of allegations of infringement were consolidated …
Iain Thomson, 17 May 2014

Datatec: turnover and profit went south in tough fiscal '14

Global tech goliath Datatec Group was left counting the cost of a botched ERP upgrade, margin chomping competition and legacy vendor claims at its distie wing Westcon in a year of declining profit. The South Africa-listed firm managed to push up revenues eight per cent to $5.69bn during fiscal '14 ended 28 February, helped by a …
Paul Kunert, 14 May 2014

Serco issues shares to plug finance gap after profit warning

Serco is looking to plug the gap in its finances from weaker-than-expected results via a share placement estimated to haul in £100m worth of filthy lucre. This follows yesterday's latest profit warning and confirmation that long-standing CFO Andrew Jenner is to quit after 17 years of counting beans, once a successor is found …
Paul Kunert, 01 May 2014

Apple has THREE TIMES as much cash as US govt, TWICE the UK

Apple has three times as much cash on hand as The US government, and over twice as much as the UK. These figures come to us from the Bank of America's wealth-management arm, US Trust, as reported by London's Telegraph. In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (£94.9bn) in cash and cash …
Rik Myslewski, 11 Apr 2014
Oracle Termites

Oracle shares pummeled after giant reports glacial growth

Oracle's shares dropped sharply after the database giant reported results that – yet again – missed analysts' expectations. Ellison & Co. reported revenues of $11.32bn and an earnings-per-share (EPS) of $0.92 for its fourth financial quarter of 2014 on Thursday, missing analyst expectations of $11.48bn and an EPS of $0.95. …
Jack Clark, 19 Jun 2014

Carbon tax repeal won't see data centre operators cut prices

Australia last week repealed its carbon tax, a wildly controversial piece of legislation that required the nation's largest polluters to pay up for the privilege of pumping CO2 into the atmosphere. But data centre operators don't think the repeal will see their prices fall. The nation's government has promised that the tax's …
Simon Sharwood, 22 Jul 2014

Nokia's PHAB-ULOUS comeback attempt: Huge WinPho 8 mobe rumoured

Nokia plans to join the phone-cum-tablet "phablet" craze from next month to add to its Lumia line-up. Sources whispered to Reuters that the Finnish goliath's engineers have created more than one new device for a launch in late September. The new kit will include a thin phablet - a phone with a screen more than five inches …

Asus staggers into summer heatwave thirsty for sales, sweating profit

The fire raging across the traditional PC industry has reached the door of Taiwanese titan Asus - which watched its sales and profits go up in smoke. The world's fifth largest PC maker - which has done a better job than many of its peers in traversing the notebook market's shift to tabs - posted a decline in both the top and …
Paul Kunert, 01 Aug 2013
Mi Pad

Xiaomi launches Mi Pad fondleslablette – your (legal) move, Apple

Chinese manufacturer Xiaomi, whose CEO models himself on Steve Jobs, has released a tablet the same size and shape as an iPad mini with the somewhat-derivative name Mi Pad. Mi Pad Look familiar? The Mi Pad has a 7.9-inch screen with a resolution of 2048-by-1536 – the same resolution as the iPad mini with Retina Display. It …
Iain Thomson, 15 May 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Datatec: Oh no, EPS will be 20% lower than we expected

Enterprise tech group Datatec's share price has dived after it issued a warning that profit for this fiscal may be at least some $13m lighter than forecast, blaming distie wing Westcon US for the bottom line decline. Group revenues for the year ended 28 February are expected to remain in line with projections of $5.6bn to $5.8bn …
Paul Kunert, 15 Jan 2014

AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014

AMD's 64-bit ARM-based server chips, code-named "Seattle", will come to market late this year – but don't expect to see them wrapped up in any SeaMicro Fabric Compute Systems at launch. "We've reached a significant milestone in our ambidextrous strategy," said AMD CEO Rory Read, using the company's term for its two-fisted x86 …
Rik Myslewski, 18 Apr 2014

XMA just swallowed Sugar firm, now looks to eat consumables biz

Less than a week after Westcoast Holdings-owned XMA swallowed Lord Sugar's public sector-focused tech biz Viglen, the group looks to have hoovered up consumables trader QC Supplies. Word in the distie channel is that a deal has been finalised for QC, which wholesales and resells cartridges from its Halifax base, and filings at …
Paul Kunert, 14 Jan 2014
Windows XP

Friends don't do tech support for friends running Windows XP

You're a Reg reader so chances are you're also informal, and unpaid, tech support for all manner of family members and friends. But with fewer than 60 days left until Microsoft more-or-less pulls the plug on Windows XP, Redmond wants you to stop sharing your expertise and just tell those you know and love to buy a new PC. …
Simon Sharwood, 10 Feb 2014

eBay warns investors: Don't expect 'em to stuff stockings with our tat

Shares in eBay tumbled in after-hours trading on Wall Street, after the online tat bazaar coughed to a "cautious outlook" for the holiday season in the US. The company alerted investors that it could face a difficult Christmas period and partly blamed the government shutdown for a potential slump in sales. Wall Street reacted …
Kelly Fiveash, 17 Oct 2013
turbine

Microsoft buys all electricity from Texas wind farm

Microsoft has decided to acquire the entire output of a wind farm. Microsoft says the farm in question is the “Keechi Wind project, a 110 MW wind facility 70 miles northwest of Ft. Worth, Texas, near the town of Jacksboro. The wind farm is on the same electric grid that powers our datacenter in San Antonio.” “By purchasing wind …
Simon Sharwood, 05 Nov 2013
The El Gordo galaxy

Does my mass look big in this? Roly-poly galaxy El Gordo more porky than first feared

The latest data from the Hubble space telescope has shown that the furthest fattest galaxy yet spotted is 43 per cent more massive than first thought and was formed by two huge galaxies colliding. The El Gordo galaxy Galaxy with a weight problem, for astronomers at least Galactic cluster ACT-CL J0102-4915 – nicknamed El Gordo …
Iain Thomson, 03 Apr 2014

Korean credit card companies hit with 90-day, $100m sales ban

Three South Korean credit card firms which are thought to have exposed the personal data of 20 million customers have been forced to suspend all new business for three months in a blow which could cost them nearly $100 million. Korean regulator the Financial Services Commission (FSC) said the firms were not allowed to sign up …
Phil Muncaster, 20 Feb 2014
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
Uncov chronicles the failure of Web 2.0

Cisco HAUNTED by $655m memory components snag

Cisco has swallowed huge costs to attempt to firefight heavily degraded memory components found in the company's kit - but it's refusing to bad-mouth the supplier behind the tetchy chips. It said that customers and biz partners, whose products are largely out of warranty, would be supported by Cisco after it decided to switch …
Kelly Fiveash, 17 Feb 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

'Eventful but positive' year for RM as it quits the PC-making world

Shape-shifting education supplier RM was in philosophical mood as it exited a biz-changing fiscal '13 with profits up and revenues down, impacted by fewer – but higher margin – Building Schools for the Future contracts. Turnover in the 12 months to 30 November fell nine per cent year-on-year to £261.7m (8.4 per cent excluding …
Paul Kunert, 03 Feb 2014

Northamber grabs ladder, claims PC market burning

Northamber's colourful chairman is forecasting a "more worthwhile future" - one that is less dependent on tech hardware - but the latest financials still bear the scorch-marks of attempts put out its burning PC biz. The UK's oldest tech wholesaler has been rather more quiet since listing on AIM, which means the company no longer …
Paul Kunert, 07 Mar 2014