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Articles about Bottom Line

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
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 …
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

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 …

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
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 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

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

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 …
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

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

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
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
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

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
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

'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

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

Microsoft took away $4m of our profits, laments mighty reseller

The cost of redundancies and restructuring together with the biting changes Microsoft made to sales incentives almost wiped out the profit that Insight Enterprises made in EMEA during Q4, closing the curtains on a year of change. The reseller titan reported a five per cent regional sales spike to $397.6m in the final quarter of …
Paul Kunert, 13 Feb 2014
management analysis3

Tech Data granted one more stay of execution by NASDAQ

The NASDAQ Panel has granted Tech Data a final extension until the end of March to get its accounts up-to-date or face an embarrassing and costly de-listing. The tanker-sized wholesaler confirmed this in a brief filing today that it had until the 27th of that month to report restated results for each quarter in fiscal '14 ending …
Paul Kunert, 09 Dec 2013

Tech Data to close lid on accounting nightmare TOMORROW

Tech Data is about to wake up from the restatement nightmare that has troubled senior execs for nearly 11 months when it reports delayed fiscal '13 numbers tomorrow. The world's second largest tech wholesaler revealed in March that it discovered errors in vendor accounting which could wipe up to $33m off its bottom line for …
Paul Kunert, 04 Feb 2014

All change at the top of Westcon as CEO Douglas exits

Westcon Group has confirmed that Dean Douglas' four-year plus stint as CEO will end in January when Dolph Westerbos rolls into town amid sliding profits. The enterprise distie - networking, security and unified comms - revealed that Douglas - who sat in the CEO hot seat from 1 April 2009 - is to leave the business to "take up …
Paul Kunert, 03 Dec 2013
AT&T logo

Data caps be damned, AT&T says providers can pay for mobile broadband

AT&T has unveiled a scheme which will allow web service providers to pay for the data bandwidth customers use. The company said that its Sponsored Data service will bill content providers, rather than customers, for the broadband data consumed by a service. Any content accessed via the service will not be counted towards a user' …
Shaun Nichols, 06 Jan 2014

AMD fools Wall Street, posts smaller loss than expected

A day after its competitor Intel posted financial results for its most recent quarter that came in slightly below analyst's estimates, AMD bucked that disappointing trend – but it's not quite out of the woods yet. AMD reported its second quarter results on Thursday after markets closed, and reported a loss of $0.09 per share ( …
Rik Myslewski, 18 Jul 2013

Chromebooks, phones ... how PC maker Asus hopes to stay in the black

Trade has been brisk for Taiwanese slab-cum-notebook builder Asustek, but the shine has not yet returned to its financial figures. According to fresh paperwork filed by the company, sales for the third quarter of 2013 came in at NT$107.44bn ($3.6bn, £2.2bn), a slide of four per cent on the same period a year ago but a gain of 19 …
Paul Kunert, 14 Nov 2013

Run for the tills! Malware infected Target registers, slurped 40m bank cards

Target today claimed malware infected its cash registers, which allowed crooks to siphon off copies of 40 million credit and debit cards. Chief executive Gregg Steinhafel said point-of-sale (POS) systems were compromised by a software nasty, which harvested sensitive banking information from customers' magstripes. The …
Shaun Nichols, 14 Jan 2014

AT&T's sponsored data plan: Who, us, violating net neutrality?

AT&T is playing down concerns that its sponsored data program violates the principles of net neutrality.* The plan, in which content providers are able to foot the bill for wireless broadband access to their services, has been advertised by the company as a benefit for customers who will be able to access premium services …
Shaun Nichols, 13 Jan 2014
Job cuts jpeg

HP redundancies all about getting 'cheaper, lower skilled' bods

HP engineers in Blighty's Customer Delivery Services unit were warned of redundancies yesterday, with more than one in 10 workers expected to pick up a P45. The trimming is all part of HP's multi-year Make It Better restructuring programme that will see a total of 29,000 workers laid off by the start of its next fiscal year …
Paul Kunert, 20 Nov 2013
channel_teaser_exit

Brit IT slinger Azzurri's CEO quits to spend more time with family, less time with the M25

Troubled south-coast UK comms integrator Azzurri has confirmed CEO Vim Vithaldas will step down for "family reasons" in July. The veteran exec was brought in by the banking syndicate that owns Azzurri in December 2011 after previous boss Mark Quartermaine left for Capita ITS – but it was a choppy couple of years at the top. The …
Paul Kunert, 29 Jan 2014

Readers! Here's your chance to join the Celebrity Pro-Am Cluster Challenge

For the first time, HPC professionals will compete against the SC13 Student Cluster Competition (SCC) teams in a winner-take-all cluster showdown. The new event, dubbed the “Celebrity Pro-Am Cluster Challenge”, will begin right after the students turn in their last SCC results on Wednesday afternoon, November 20. The Pro-Am …

UK tech channel in RUDE health as bankruptcies dip in Q1

It's time to crack open the bubbly: corporate fatalities in the UK channel have fallen for the fourth consecutive quarter, official stats from credit rating firm Graydon UK reveal. Some 61 companies bit the dust in the first three months of the year versus 64 for the same period of 2013, indicating that the UK IT industry has …
Paul Kunert, 04 Apr 2014
Columns of coins in the cloud

Dragon's Den star's cloudy biz still losing MEEELLLLLIONS

It was a year of frenzied activity for AIM-listed Outsourcery in 2013 but none of this translated into bottom line goodness as the cloud provider's losses again outstripped sales. According to preliminary numbers reported today, the Manchester-based as-a-service firm reported a 44 per cent sales spike to £5.2m, including £4.1m …
Paul Kunert, 19 Mar 2014
NSA parody T-shirt

Prez Obama cyber-guru: Think your data is safe in an EU cloud? The NSA will raid your servers

A former White House security advisor has suggested that you, dear reader, are naive if you think hosting data outside of the US will protect a business from the NSA. "NSA and any other world-class intelligence agency can hack into databases even if they not in the US," said former White House security advisor Richard Clarke in …
Jack Clark, 24 Feb 2014
Tech Data

IT distie Tech Data must end accounts-unbungling probe within a fortnight

NASDAQ-listed Tech Data has less than a fortnight to get its accounts in order and financial filings up to date, the distributor acknowledged last night. The Florida-based broadline IT distribution giant discovered whopping great errors in its finance records at UK subsidiary C2000 back in March, which were related to blunders …
Paul Kunert, 13 Sep 2013
paper cut-out men holding hands in linked semi-circle

Capita: We WILL be more accountable for our services

A restructure at Capita IT Services is long overdue - well it has been eight whole months since the last one - so the healing mitts of MD Peter Hands have once again grasped the org chart for a rejig. Hands has created five ITS "services towers" under which Capita's wider business units will fall, to give the heads of each …
Paul Kunert, 21 Nov 2013

US Department of Defense throws lifeline to beleaguered BlackBerry

BlackBerry has received certification to be used on US Department of Defense networks, the first Mobile Device Management (MDM) provider to be so certified. "With foreign entities – governmental and criminal – ramping up attacks on electronic communications and information systems, BlackBerry provides government agencies with a …
Rik Myslewski, 09 Aug 2013

Arrow: global macro still 'unsettled" as profits dip

Just when you thought it was safe to mouth the words distributor and expanding profits in the same breath, Arrow Electronics has rolled out financials for calendar Q3 that show some bottom line slippage. The numbers for the three months ended September weren't bad per se, but after CEO Michael Long said last quarter that "large …
Paul Kunert, 30 Oct 2013

Sony seeks mojo reboot with 147-inch 'honey-you-can't-afford-me' 4K home projector

Certain products exist to burnish a company's image rather than fatten its bottom line, and Sony's new 4K Ultra Short Throw Projector, able to project ultra-high definition video images of up to 147 inches on any wall, is a shining example. Sony 4K Ultra Short Throw Projector Entrapped in stultifying minimalism, Fido dreams of …
Rik Myslewski, 08 Jan 2014

How much did NSA pay to put a backdoor in RSA crypto? Try $10m – report

The mystery of why RSA would use a flawed, NSA-championed algorithm as the default random number generator for several of its encryption products appears to be solved, and the answer is utterly banal, if true: the NSA paid it to. Reuters reports that RSA received $10m from the NSA in exchange for making the agency-backed Dual …
Neil McAllister, 21 Dec 2013

Call me maybe: Orange loses a segment as competition bites

Former French monopoly mobile operator Orange has reported that its earnings and revenue are both down, despite increased customer numbers, as price-cutting hits the bottom line. Orange, the operator formally known as France Telecom, has customers around Europe and Africa, but not in the UK where it remains part owner of …
Bill Ray, 24 Oct 2013
Red Dead Redemption

Virgin Media suffers growing pains as Cable Cowboy daddy settles in

Virgin Media reported flat sales and an operating loss to the City this morning as the telco adjusts to living under the roof of cable giant Liberty Global. It said revenue stood at £1.02bn during the company's third quarter ended 30 September 2013, while restructuring costs relating to Liberty's summer takeover of Virgin Media …
Kelly Fiveash, 06 Nov 2013

Nvidia CEO: Android 'the most disruptive operating system in decades'

Nvidia cofounder, president, and CEO Jen-Hsun Huang is a big, big fan of the Android operating system – a fact that he made abundantly clear when speaking with analysts and reporters after announcing his company's financial results for the third quarter of its 2014 fiscal year on Thursday. "Android is the most disruptive …
Rik Myslewski, 08 Nov 2013