Articles about Financials

Jump for joy. Pic: Kate Palana

Free at last! Flogging off O2 fattens Telefonica’s financials

Spanish telco Telefonica bounced back to growth in its first-quarter results — thanks in part to the sale of its UK outfit O2 — increasing sales by 12.6 per cent to €11.5bn (£8.3bn) compared with the same period last year. Net earnings in the three months to March reached €1.8bn (£1.3bn), up from €688m (£498m) in 2014. César …
Kat Hall, 14 May 2015

Red-spattered Android figures sinkhole Sony's healthy financials

Santa was kind to Sony, with sales and profits rising in the final trading quarter of 2014. However, although the Japanese giant shipped 12 million phones in the period the mobile unit still weighs the group down, and further losses are expected as Sony withdraws from the Chinese mobile market. Sony's movie division also had a …
Andrew Orlowski, 04 Feb 2015
arrow pointing up

Memory market climbs out of toilet: ASML reports beefy financials

Shares in semiconductor production equipment maker ASML hit a record high this morning after it beats analysts’ top and bottom line forecasts, suggesting the sector’s no longer stuck in the U-bend. The numbers for the Dutch biz are moving in the right direction: sales came in at €1.49bn, versus €1.32bn in the prior quarter. …
Paul Kunert, 21 Jan 2015
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
£10 notes. Pic: Howard Lake

Attenda for sale this year? Not on your nelly, says CEO

App hosting and co-lo slinger Attenda was expected to be put up for sale by owner Darwin Private Equity later this year, but postponed the process, and it’s latest financials perhaps explain why. The venture capitalist backed an MBO of Staines-based Attenda in 2011 for £50m and multiple sources told us in May that it had eyed up …
Paul Kunert, 19 Jun 2015

Sales flat for takeover-tastic Brit IT bods Daisy Group

Comms and tech supplier Daisy Group, which is to be de-listed from the Alternative Investment Market (AIM) this month, has posted an operating loss of £8.1m for the first six months to September 2014. According to its audited half-year financials posted on 31 December, revenue dropped just 0.3 per cent from £173.9m to £169.6m. …
Kat Hall, 05 Jan 2015

Life after Lord Shugs looks good, as Viglen directors' packages swell

Being a director at Viglen has become considerably more lucrative since Lord Shugs offloaded the tech supplier to Westcoast Holdings. The last standalone financials from both Viglen and sister firm XMA (the pair have been integrated) were filed at Companies House and make for remarkably boring reading, but in a good way. The …
Paul Kunert, 31 Mar 2015
Microsoft CEO Satya Nadella

Microsoft is BEATING Amazon's cloud revenues. Er, how?

Microsoft's cloud revenues are beating those of Amazon's AWS. That's if analyst-haus Stifel Nicolaus's data is correct. Back in 2012's third quarter Microsoft commercial cloud revenue was $254m, with Amazon Web Services (AWS) ahead at $530m. In the first quarter of 2015 AWS revenues totaled $1.566bn, with Microsoft nudging ahead …
Chris Mellor, 27 Apr 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
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
Stock market. Pic: Alberto Carrasco Casado

Sophos: We'll have a market cap of £1bn when we IPO

Brit security slinger Sophos’s listing on the London Stock Exchange went live today, giving the firm a market cap of around £1bn – a valuation that has caused a stir among analysts. The intent to float was confirmed weeks ago, with the Oxford-based firm expecting to raise cash to fund the next phase of biz development and rub …
Paul Kunert, 26 Jun 2015
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months, …
Paul Kunert, 19 Jun 2015

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015
Close-up of a YouTube logo as viewed on a computer screen in close up...

NO ONE is making money from YouTube, even Google – report

It seems no one is making money from online goggle box YouTube, least of all Google – despite reports that the company generated $4bn (£2.6bn) revenue last year. While YouTube accounted for about six per cent of Google’s overall sales last year, it didn’t contribute to earnings, a source told the Wall Street Journal. YouTube's …
Kat Hall, 26 Feb 2015

Gobblefest on horizon for managed services pair

The sales process for a couple of native data centre providers is gaining some momentum, with Six Degrees edging closer to a deal and Adapt appointing a corporate financier to market the business. London-based Six Degrees called on DCC Advisory in February to sell the voice and data hosting firm by April, as we exclusively …
Paul Kunert, 15 May 2015
NBN Co fixed wireless antenna

Turnbull moves on NBN subsidy arrangements

Australia's government has slapped the defibrillator on the Vertigan review of the National Broadband Network (NBN), and is asking for submissions about how subsidies for unprofitable services in remote areas should operate. Have your say on funding options for #nbn non-commercial services visit http://t.co/T3UkVduXvP # …
David and Goliath in the Valley of Elah

Mutant upstart Nimble embiggens revenues – and losses, too

Hybrid array storage start-up minnow Nimble Storage saw revenues grow strongly in its latest quarter, though not enough to trouble mainstream storage vendors. Revenues in its first fiscal 2016 quarter, ended April 30, were 53 per cent higher than a year ago at $71.3m, with a net loss of $29m: it was $19.6m a year ago. …
Chris Mellor, 27 May 2015

BlackBerry boss vows to keep making phones

BlackBerry CEO John Chen told shareholders at his company's AGM today that he’ll stay in the handset business as he reckons he has a good chance at making money from it. Chen didn’t say how: whether he’d stick doggedly to BlackBerry’s own BB10, flirt with Android, or bring them both into a hypervisor-enabled cohabitation …
Andrew Orlowski, 23 Jun 2015
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 …
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 …
management cio1

IBM: We've got the shiny new kit. Now we need to polish the sales teams

IBM has finally gone public with some details of the company-wide restructure it initiated months ago to help stop the rot. As exclusively revealed in January, Big Blue struck off the old world silos of hardware, software and services, instead opting to go to market with units including Systems, GTS, Commerce, Security and …
Paul Kunert, 21 Apr 2015

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 …
axe_channel_teaser

Tat bazaar eBay confirms: THOUSANDS of workers will be AXED

Loss-making online tat bazaar eBay finally confirmed it will throw thousands of workers overboard and review options to sell or float the Enterprise side of the business. The developments were made public as eBay rolled out calendar Q4 financials with revenues up nine per cent to $4.9bn, and net income rising ten per cent to $ …
Paul Kunert, 22 Jan 2015

Symantec sees profits crash ahead of corporate divorce

Symantec’s latest financials bear all the hallmarks of a business whose dramatic bisection is causing some uncertainty for customers and channel partners. A cleaver will be driven through the security and storage business by the end of this year to create two separate publicly traded entities. The groundwork for this is well …
Paul Kunert, 06 Feb 2015

Phoenix IT Group 'trading comfortably in line with forecasts'

It is almost a year since Steve Vaughan grabbed control of Phoenix IT Group, and the once-troubled tech services outfit no longer seems so ... well, troubled. The LSE-listed Northampton company issued an interim today to say group trading is “comfortably in line with market profit expectations”, and talked up a number of …
Paul Kunert, 24 Feb 2015
Railway line split. Pic: Ian Sane

Splitters! CSC to break itself into pieces following job cull

The break-up craze among the largest tech vendors may have reached the channel, with talk that CSC will separate its North America government unit from the rest of the private-sector sales organisation. The split could come as early as next week, according to Reuters, when the loss-making company takes the covers off its latest …
Paul Kunert, 15 May 2015
Amazon Web Services

Amazon lifts lid on AWS money factory, says it's a $5 BEEEELLION biz

Amazon lifted the veil from the financials of its Amazon Web Services (AWS) cloud computing business for the first time on Thursday, and it looks to be off to a fine start for the first quarter of the company's fiscal 2015. While Amazon's total revenue of $22.72bn for the quarter represented 15 per cent year-on-year growth – a …
Neil McAllister, 23 Apr 2015

Tesco tosses loss-making Blinkbox into TalkTalk's basket

Scandal-smacked Tesco has offloaded loss-making video-on-demand service blinkbox movies along with its fixed line voice and broadband biz to TalkTalk for an undisclosed cash fee. Negotiations between the pair came to light at the end of last year, and this morning TalkTalk said the buy would speed up “key initiatives” it was …
Paul Kunert, 08 Jan 2015

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

Apple! and! Yahoo! fight! the! man!, claims! EFFing! daftness!

The Electronic Frontier Foundation (EFF) has pushed out its fifth annual "Who Has Your Back" report, claiming to chart tech companies' commitment to "the next frontier of user privacy". The EFF's categorisation of what constitutes effective privacy standards for data controllers has seen it award full marks to Apple, Yahoo! and …
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
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

Avnet sales slip but EMEA operation's off the hook - for now

Avnet Technology Solutions is on the slide again as its sales and operating profit went south in Q2 fiscal ’15. The distie’s latest president has clearly got his work cut out to turn in consistent and sustainable growth. The enterprise tech wing of Avnet Inc today reported financials for the three months ended 27 December. …
Paul Kunert, 22 Jan 2015
Railway line split. Pic: Ian Sane

AMD: We're not splitting our gfx and servers biz, ignore all the rumours

Under-the-weather chip maker AMD is denying that it is mulling a break-up or spin-off – but both analysts and channel customers agree something has to change if the firm is to survive prosper. A report in Reuters told the world that Lisa Su, the latest top exec at AMD, is exploring all possibilities to steer the company toward …
Paul Kunert, 24 Jun 2015
TalkTalk YouView set top box launch

TalkTalk eyes up Blinkbox for advanced FOURPLAY – report

Budget telco TalkTalk is reportedly pursuing a buyout of video-streaming service Blinkbox from Tesco. In the manoeuvrings to provide mobile, internet, TV and fixed phone services, Blinkbox had looked to be a good move for Britain's biggest supermarket, but while Tesco Mobile has been successful for the retail giant, BlinkBox …
Simon Rockman, 30 Dec 2014

U.S. tech giant CDW: Our 35% stake in Kelway cost us $86.8m

The minority stake in Kelway cost US channel titan CDW $86m, but if all goes according to plan, it anticipates having to cough proportionately more to buy the remainder. As exclusively revealed by us in November, sales steamroller CDW – the largest channel partner on the PLANET – bought 35 per cent of Kelway with an option to …
Paul Kunert, 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 for …
Simon Rockman, 05 Feb 2015

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
IBM CEO Ginni Rometty

IBM to open up on global re-org TONIGHT - sources

Execs at IBM are expected to go open kimono tonight about the company-wide re-organisation dreamt up by harassed CEO Ginni Rometty, according to company insiders and channel partners. Just as some of us in Blighty will be getting ready for bed or – god forbid – watching Celebrity Big Brother, Armonk-based IBM will be lifting the …
Paul Kunert, 20 Jan 2015

Danwood CEO: No more M&A disco watching for us

Danwood no longer wants to be the loner at the edge of the M&A dance floor as romance blossoms between local rivals, especially now its finances suggest it isn’t destined for the scrapheap. The document services specialist was unable to get in on the action during an extensive round consolidation that saw SCC, Xeretec and …
Paul Kunert, 05 Mar 2015

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
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

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
management consumerisation

Behold our swollen sales digits, crow Microsoft enterprise partners

The financials for a bunch of Microsoft’s top table enterprise licensing channel partners are in, and though none of them are getting rich quickly, there’s seems room enough in straight reselling to make a living. York-based Software Box (SBL) toasted its 25 years of life by bringing home £128.1m in sales for the 12 months ended …
Paul Kunert, 19 Jan 2015

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

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