Articles about Financials

euros_channel_money

Wunderbar! Bechtle chairman fizzles after sizzling financials

Sprawling German-owned tech reseller Bechtle AG today reported a double digit spike in revenues as it made ground both in the relatively sluggish home markets and abroad, helped by acquisitions. Turnover in calendar Q2 was up 16.4 per cent to €603.7m (£482m) including a 14.6 jump in domestic revenues to €403.4m as those outside …
Paul Kunert, 08 Aug 2014
HP cloud

Hey, put away that scythe, Death: Pulse found in HP's 2014 financials

HP has projected healthier financial results for 2014 than beancounters had forecast - causing its share price to rocket up in value. In a meeting with analysts on Wednesday various HP executives sought to reassure nervous investors that the tech titan's turnaround is succeeding. "While there is a lot more work to be done, I am …
Jack Clark, 09 Oct 2013

You... (Sigh). You store our financials in a 'Clowds4U' account?

More than 80 per cent of employees use software that has not been signed off on for use by their employer, according to a new survey. Stratecast and Frost & Sullivan asked 300 IT staff and 300 "line of business" (LoB) employees at large companies that employ at least 1,000 people in the UK, North America, Australia and New …
OUT-LAW.COM, 09 Jan 2014

We'll miss SEC financials deadline, says accounts-blundering Tech Data

Tech Data has warned it will fail to report its fiscal first-quarter financial numbers to the US Securities and Exchange Commission on time due to a continuing investigation into its accounting errors. The channel biz has 45 days from the end of April to file the paperwork, but says it will sail through that deadline. The world …
Paul Kunert, 11 Jun 2013
Larry Ellison, photo by Oracle Corporate Communications

Oracle pumps out Q4 financials in premature release: See? We're OK

Oracle rushed through the public filing of decent Q4 financials last night some three days earlier than planned to head off any industry talk that the pending exit of a sales bigwig was due to tumbling turnover. The word on the street, well at least on Murdoch's Wall St rag Barron's, is that 26-year Oracle veteran, exec veep of …
Paul Kunert, 19 Jun 2012
Broadcom's WICED Sense IoT dev kit

Broadcom wraps new partners into warm IoT embrace

Broadcom has spread its arms around a bunch more Internet of Things partners, to expand the reach of platforms like WICED Smart, WICED Wi-Fi, RoboSwitch, StrataConnect and NetXtreme Ethernet. The company says its aim is to make it easier and cheaper for developers, particularly in start-up land, to get its hands on Broadcom …

Oz telco results season! Telstra booms, Optus slides

Telstra continues to gorge on the Australian telecommunications market at the expense of its competitors, leaving Optus with a focus on squeezing efficiencies out of its operations to stay profitable. The incumbent and number-two carrier have both announced financial results today, telling starkly different stories. Telstra's …
channel_teaser_exit

Computacenter UK boss Muller: Happy New Year, folks... I'm off

Six potential candidates are in the running to replace Computacenter’s outgoing UK managing director Neil Muller, who has resigned but remains on board until the end of January. Muller rocked up at London-based CC in early 1994 as a sales administrator and rose through the ranks over the subsequent two decades, getting his …
Paul Kunert, 21 Nov 2014

Logicalis tap up software developer, buys majority stake

Analysts and vendors are constantly telling channel partners to move sideways into software development and Logicalis has done just that by grabbing a majority stake in German outfit ituma. This hands Logicalis, part of the Datatec stables, the “exclusive” rights to the minnow’s proprietary software-based WiFi platform and some …
Paul Kunert, 02 Sep 2014
The Register breaking news

'PENDING LARRY QUOTE' - Google financials dunder blunder

Quotw This was the week some Googler's finger slipped at just the wrong moment, sending its rather worrying financial results out a mite too early. The Chocolate Factory's third quarter profits were much lower than expected and its revenue, famed for continued growth, has slowed down. It was quite clear that the early release was a …
Huawei campus Shenzhen

Huawei rakes in £2 BEEELLION in profits

Chinese tech success story and NSA spy target Huawei has seen profits jump by a third over the past year to 21 billion yuan (£2bn) on the back of strong growth from its enterprise and consumer businesses. The Shenzhen-headquartered firm cemented its place as one of the Middle Kingdom’s most internationally successful technology …
Phil Muncaster, 01 Apr 2014

IT crisis looming: 'What if AWS goes pop, runs out of cash?'

Canalys Channels Forum 2014 The big public infrastructure-as-a-service (IaaS) players may be on the brink of a crisis as cataclysmic as the 2008 banking crash, as they slash prices while spending billions on building out and staffing their operations. Or so claimed Steve Brazier, CEO at channel beanie Canalys, who warned resellers steering their customers …
Paul Kunert, 25 Sep 2014
Columns of coins in the cloud

Rackspace CEO Rhodes: Just months on the job and look at our swollen digits

Taylor Rhodes, the latest man to grab the CEO chair at Rackspace, must have, er, racked up the celebratory drinks last night as the hoster-come-cloud-flogger reported a comparatively decent set of Q3 fiscal ’15 financials. The Texan-based biz reported revenues of $460m, up 4.2 per on last quarter and 18.3 per cent higher than …
Paul Kunert, 11 Nov 2014

Sony on the ropes after revising losses UP to $1.3 BEEELLION

Japanese electronics stalwart Sony has posted a preliminary net income loss of ¥130 billion ($1.3bn, £770m) for the year to March 31, 2014 – its third downward revision in less than 12 months, and another blow to CEO Kazuo Hirai’s attempts to turn the company around. The figure [PDF] was significantly worse than the ¥110bn (£ …
Phil Muncaster, 02 May 2014

Juniper whips out knife, slices off security products

Months after Juniper Networks confirmed the prioritisation of revenue-generating projects, the firm has quietly dumped several security products, causing upset to some of its nearest and dearest in the channel. Following a “disappointing” set of calendar Q3 financials, Juniper’s then CEO, Shaygan Kheradpir, said it was cutting …
Paul Kunert, 01 Dec 2014

Westcon: 'What we need is a cloud brokerage biz.' One buyout later...

Tech group Datatec has hoovered up a second biz this week after confirming the $12m acquisition of US-based fluffy white services brokerage Verecloud. The buy will be bolted onto distribution subsidiary Westcon, days after Datatec’s integrator arm Logicalis hoovered up German software firm ituma. The cloudy rig that Veracloud …
Paul Kunert, 04 Sep 2014

Wikipedia won't stop BEGGING for cash - despite sitting on $60m

+Comment The latest accounts for the charity behind Wikipedia show it has assets of $60m, including $27m in ready cash: up more than $12m from 2013. That's far more than the Wikimedia Foundation (WMF) needs to run a website. And the timing is embarrassing: Wikipedia is currently begging for more cash to (in its own words) "keep Wikipedia …
Andrew Orlowski, 01 Dec 2014

If we don't do better, we'll hand over BOARD CONTROL - Quantum

Quantum’s directors appear to have agreed to hand over board control to activist investor Starboard Value if “certain ... objectives” are not met in its fiscal 2015 year. Starboard currently has three directors on the nine-person Quantum board and will get a fourth at Quantum’s 2014 meeting of stockholders, when its nominee Dale …
Chris Mellor, 30 Jul 2014

AVG stung as search revenue from freebie scanners dries up

Security software firm AVG net income has fallen from $24.7m in Q2 2013 to $13.7mn in Q2 2014, according to financial results out Wednesday. The profits slide is explained by the slip in revenue from $100.4m in Q2 2013 to $88m in the three months running up to 30 June 2014. AVG responded to the results by revising its outlook …
John Leyden, 31 Jul 2014
Fraud image

Days since IBM last reported revenue growth: About 810

IBM revenues have overall declined, year on year, for the ninth quarter in a row as the company struggles to adjust to a cruel world increasingly led by lower-cost competitors. The venerable tech company reported second quarter of 2014 financials on Thursday. Revenues for the period were $24.4bn, down two per cent on the $24. …
Jack Clark, 17 Jul 2014
The new Twitter logo. Pic: Twitter

One in 12 Tweeps are bots

In its latest SEC filing, Twitter has enumerated what its users have long believed: a small but significant slab of its accounts aren't humans. According to the filing, Twitter says it's created a “new metric that is comprised of only such active users” that run updates “when there was no discernible user action involved”. In …
HP CEO Meg Whitman

HP CEO Meg Whitman dons TRIPLE CROWN of POWER

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well. The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed. Whitman joined HP's board at the start of 2011 …
Paul Kunert, 18 Jul 2014

BOFH: You can take our lives, but you'll never take OUR MACROS

Episode 6 "...And I can't seem to import all of the data I need," the user explains. "And you're importing into Excel from what... a CSV file?" the PFY asks. "Yes." "And the import fails?" "I just stops. It says something about resources." "So perhaps you should get rid of some of the data in the spreadsheet?" "It's an almost empty …
Simon Travaglia, 27 Jun 2014
Samsung Galaxy S4 Active

Samsung profits deflate after mobile division runs out of puff

Global smartphone leader Samsung took a knock on Friday after releasing Q4 financials that show a drop in profits of 11 per cent from the previous three months – its first quarterly decline in two years. The Korean giant said net profits stood at 7.3tr won (£4bn) for the fourth quarter, while operating profit was 8.31tr won (£5. …
Phil Muncaster, 24 Jan 2014

Intel, AMD financials: Bad news for Obama campaign

Comment Nothing affects the outcome of a US presidential election more than the state of the economy, and if Barack Obama heard the comments made by Intel and AMD execs when they announced their company's earnings this week, he may very well have broken into a flop sweat. "As we look ahead to the second half of this year, consumer …
Rik Myslewski, 20 Jul 2012
Sony Vaio T13

Sony on the ropes after Moody's downgrade to junk

Sony got off to a terrible start to the week on Monday after credit ratings company Moody’s downgraded its status to junk thanks to the continuing poor performance of its TV and PC business. Moody’s Japan said it lowered Sony’s issuer rating and long-term senior unsecured bond rating from Baa3 to Ba1. Junk status means a bond is …
Phil Muncaster, 28 Jan 2014

Trustmarque: £2m profits evaporated after accounting change

A change in revenue recognition wiped £2m off Trustmarque’s profits according to the firm’s strategic and financial report, which also provides more details on its near-collapse and subsequent sale to Liberata. As revealed, the York-based enterprise software licensing biz ran into cash flow difficulties last month after changing …
Paul Kunert, 09 Oct 2014
Azure icon

Microsoft: Azure isn't ready for biz-critical apps … yet

Microsoft's Service Deployment and Operations (SDO) team has detailed its scheme to modernise the company's own data centres and says that the result will be lots of – but not all – workloads in the cloud. The easy-to-understand graph below tells the story of Redmond's future plans. Microsoft's data centre strategy Microsoft's …
Simon Sharwood, 19 Aug 2014
Stock ticker board

Acer pair charged with insider trading for '$72k pre-results stock dump'

Two senior Acer staffers have been charged with insider trading – after allegedly offloading shares worth $72,300 just before the PC giant announced fresh financial losses. Former company mouthpiece Henry Wang and investor relations division senior manager Jiong Yuan Chen were charged in Taiwan late last week along with five …
Paul Kunert, 12 May 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Systemax: Senior Blighty bods let us down, so we cut them

Systemax has opened up on the senior management re-org of UK ops after admitting the business took a turn for the worse over the summer. The transatlantic reseller last night reported calendar Q3 financials: turnover was up four per cent year-on-year to $825.4m, but excluding the SCC Netherlands acquisition, organic growth was …
Paul Kunert, 05 Nov 2014

Oracle, the King of Cloud? Maybe in Ellison's world

Analysis Oracle's executive team spent most of its second-quarter earnings conference call on Wednesday talking about its cloud business – which made sense, since that was the only part of the business that showed significant growth. As in last quarter's call, the trio of Safra Catz, Larry Ellison, and Mark Hurd chirped away about the …
Neil McAllister, 18 Dec 2014

HP's axe swings AGAIN: 5,000 more staffers for the chop

Shape-shifting HP is to throw thousands more workers on the employment bonfire to free up cash for R&D and sales investments, the company confirmed as it provided more background on the pending corporate dissection. The Palo Alto titan yesterday went public over plans to divide the business in two, with the PC and printer …
Paul Kunert, 07 Oct 2014
AMD FX-8150 Bulldozer

What's inside AMD's life-support machine? A big pile o' PlayStation 4s and XBox Ones

AMD execs are remaining optimistic despite emerging from a quarter in which the company made an eight-figure net loss and fell short of analyst estimates. In Q2 2014, ending June 29, the chipmaker bagged $1.44bn in revenue, up 24 per cent year on year. However, it recorded a GAAP net loss of $36m for the quarter, down from the $ …
Shaun Nichols, 18 Jul 2014
Skyera Skyhawk design

Array upstart's chip boffin CEO: Skyera's not just a flash-in-the-pan

Comment As a part of his CEO series, Willem ter Harmsel interviews CEOs of innovative companies in the fields of storage, virtualisation and networking. Rado Danilak, the founder and CEO of Skyera was in for a chat recently. The company – which includes Western Digital among its investors –was first introduced to Reg readers in August …
Huawei Shenzhen headquarters

Huawei dismisses NSA backdoor claims as profits soar

It’s been a mixed week for Chinese telecoms giant Huawei after the firm announced impressive financials but was forced again to deny allegations of security weaknesses in its products. The device and telecoms kit maker announced its unaudited financials on Wednesday, claiming sales revenue for 2013 will reach between 238 billion …
Phil Muncaster, 16 Jan 2014
Euro notes

Ah, so that's why French IT giant Atos is officially full of Bull

The old adage that there's safety in numbers could well be applied to systems integrators Bull and Atos as they come together in a marriage due to be consummated next month. The theory behind Atos's €620m (£490m) bid to buy cloudy and security biz Bull is to plug gaps in the portfolio, bag more customers and wring out some costs …
Paul Kunert, 29 Jul 2014

Twitter muffles loudmouth users with mute option

Twitter has introduced a "Mute" option that allows users to turn off tweets from contacts without the need to unfollow or block those users. The company said that the option to mute users has been enabled for Twitter's iOS and Android clients, and that support for the option on the Twitter.com site itself is set to be introduced …
Shaun Nichols, 12 May 2014

How's VMware doing? Like a bull in a China shop, boasts virty beast

VMware revenues have risen 17 per cent on the back of the company signing several lucrative multi-year licensing agreements. The virtualization giant reported its second quarter of 2014 financials [PDF] on Tuesday, with revenues of $1.46bn and earnings-per-share of $0.81 both beating analyst expectations of $1.44bn and $0.79 …
Jack Clark, 22 Jul 2014
big droplets falling from rain cloud

IBM: Get yer cloud services! Analytics, mobile, ten a penny

With all bets placed behind software and services, IBM needs to quickly re-tune its route to customers to get the right suppliers on board and the revenue dial moving in the right direction again. The grand lady of tech is challenged on multiple fronts; the System x volume hardware business is transferring to Lenovo along with …
Paul Kunert, 16 Dec 2014
Cat 5 cable

Akamai to gobble down Prolexic for its enterprise DDoS defences

Content delivery and security services firm Akamai has announced its plans to slurp Prolexic, a cloud security outfit, for $370m. Prolexic will help Akamai strengthen its protection for corporate clients with online protection from distributed denial of service (DDoS) attacks for data centres and enterprise IP apps. "Any …

SHOCK and AWS: The fall of Amazon's deflationary cloud

Analysis It's tough being a victim of your own business strategy, especially if you're Amazon founder and CEO Jeff Bezos. After spending twenty years applying a combination of price cuts, smart logistics, and ruthless efficiency to the publishing and music industries, Bezos' Amazon has grown into a vast company. But now the company's …
Jack Clark, 26 Jul 2014

Germany may have won the World Cup... but it dropped the ball for Computacenter

The German nation lifted the World Cup last weekend but those working for Computacenter will not have cheered the local team's performance this morning – when calendar Q2 financials were released to the City. A nasty crash in product sales across CC Germany unpicked momentum in Blighty and progress made in the French arm, …
Paul Kunert, 17 Jul 2014

ARM brushes off dip in mobile revenues with sunny forecast for coming year

Chip design firm ARM has seen a dip in mobile sales that led to falling financial returns in the last financial quarter, a shift the company hopes will be temporary. The British-based company on Wednesday reported first-quarter results which saw revenues up by 16 per cent in dollar terms (10 per cent in UK pounds after adjusting …
Shaun Nichols, 23 Apr 2014
management management3

Suitors line up to bid for cash-challenged NHS supplier

Top brass at Trustmarque Solutions are locked in talks with interested parties in a bid to sell the financially challenged biz this week – at least that is the plan. As exclusively revealed by us earlier this week, Dunedin, private equity backers of the York-based licensing specialist, claimed a change in revenue recognition in …
Paul Kunert, 04 Sep 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
management management3

Enormo reseller SCC rejgs exec chairs for growth spurt

Specialist Computer Centres (SCC) has initiated a restructure to spearhead a four-year growth plan, say our sources in vendor land. This follows a review by external consultants who were drafted in to help create the multi-year business plan, with more highly paid biz advisors believed to be coming in to help implement plans. …
Paul Kunert, 21 Jan 2014
management strategy3

EMC hires channel veteran as new EMEA COO

Exclusive Former Colt Technology Services grand fromage Simon Walsh is set to become one of the top brass at EMC EMEA, according to multiple industry sources. Walsh, an exec director at Colt, exited the business back in November along with a couple of his lieutenants following nearly three years at the firm. Sources told us that Walsh …
Paul Kunert, 15 Jan 2014

BOFH: Everyone deserves a little DOWNTIME

Episode 14 Isn't it always the way that when you're hours from the office sporting only a smartphone with a dodgy data connection that something critical claps out back at work. And then something's wrong with the VPN so you have to gain access through a convoluted chain of remote desktop, ssh and telnet links just to end up with a …
Simon Travaglia, 28 Nov 2014

Spotify reckons it's worth $4 BILLION - and Netflix investor agrees

In the latest WTF valuation, music streaming site Spotify has raised around $250m in fresh funding, valuing the firm at a hefty $4bn. Spotify scooped the new financing from investors led by Technology Crossover Ventures, an early backer of Netflix, sources familiar with the deal whispered to the Financial Times. It's not …
HP CEO Meg Whitman

Wasn't it all supposed to be so different by now, Meg?

Showering partners with love, making changes to the exec line-up, upping R&D and other tweaks made by CEO Meg Whitman were supposed to get HP's business firing on all cylinders, but after year three of the turnaround plan, they've yet to do so. The release of Q4 fiscal ’14 numbers for the year ended October reveal a company with …
Paul Kunert, 26 Nov 2014