Articles about Financials

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You don't call, you don't text: SIM-flinger Gemalto warns of 9% sales drop

Security software-maker Gemalto has once again issued a trading update, warning its second quarter revenue will fall 9 per cent to €742m (£663m) compared with the same period in 2016. The company said its profit from operations are in line with expectations at approximately €93m (£83m). However, due to a lacklustre SIM market …
Kat Hall, 24 Jul 2017

Dixons Carphone stirs PC Curry, reports 10% profit gravy

Dixons Carphone reported a bumper year, with profits up 10 per cent to £501m for its preliminary results 2016/17. Revenue in the UK and Ireland rose 2 per cent to £6.5bn, with overall group sales up 9 per cent to £10.5bn. The borg is in the process of closing 134 stores in the UK this year, as part of its 3-in-1 store concept …
Kat Hall, 28 Jun 2017

If your Xmas party expenses left you with a hangover, you should see Dell's spending

If revenue growth is vanity but profits are sanity, then Dell EMC made something of an inauspicious start to life as one company: sales expansion was overshadowed by deepening losses. The results for the firm’s third quarter of fiscal 2017 ending October 28, which included 52 days of financial results from EMC and VMware, …
Paul Kunert, 8 Dec 2016

HP Inc CEO Dion: Whey-hey, we're on the pull

HP Inc has delivered its first full year of financial results, and they aren't looking good. Profits fell 63 per cent, revenue was down 6 per cent, and its earnings per share were down over a quarter. It had been a difficult year, CEO Dion Weisler acknowledged during Tuesday's earnings call, but the company is now planning to …
Iain Thomson, 23 Nov 2016
A skull atop money

Cisco rewards massive profit jump with thousands of layoffs

Cisco is reporting record financial numbers on the same day it says it will cut 5,500 employees from its payroll. Switchzilla says that the move is part of its ongoing campaign to shift its focus from slinging networking hardware to providing software and services for enterprises moving to software-defined networks (SDN). CEO …
Shaun Nichols, 17 Aug 2016

Bezos bags bonkers bucks as almighty AWS astounds again

Amazon Web Services (AWS) is on a roll after closing a financial quarter in which its operating income more than doubled. Amazon as a whole posted a solid quarter, with net sales of $30.4bn, up from $23.1bn, and net income of $857m, up from $92m. Much of that was due to the success of the cloud computing business. For the Q2 …
Shaun Nichols, 29 Jul 2016
results

What's big, blue and red all over? IBM. Profit, z Systems down, cloud up

IBM today reported its second quarter financial results and the figures don't look good, with profits falling nearly 30 per cent. The venerable computing giant did perform slightly better than analysts expected, however GAAP revenues and profits are both down year-on-year. It's the 17th straight quarter of revenue declines for …
Iain Thomson, 18 Jul 2016

Clouds rain revenue on Adobe's business

Adobe's reported continued growth in its cloud subscriptions, but not enough to satisfy investors. Its Q2 2016 revenue rose 20.4 per cent year-on-year to US$1.4 billion on the back of Creative Cloud subscriptions: the digital media business piled on 26 per cent year-on-year to hit $943 million, with Creative Cloud chipping in …

When are flat revenues not so bad? When your name is Cisco

Cisco says that it is optimistic on its financial outlook despite a "challenging environment" that saw the networking giant's quarterly revenues drop slightly. "We delivered a strong Q3, executing well despite the challenging environment," said CEO Chuck Robbins. "I'm pleased with our performance today as well as the progress …
Shaun Nichols, 18 May 2016

Apple man found dead at Cupertino HQ, gun discovered nearby

An Apple employee was found dead in a conference room at the iPhone giant's HQ in Cupertino, California, this morning. A gun was discovered nearby. Cops were called to the One Infinite Loop campus at about 8.35am. Sgt Andrea Urena of Santa Clara County Sheriff's Office described the death as "isolated incident," adding "nobody …
Shaun Nichols, 27 Apr 2016

Your 30 second guide to the past three months on Planet Adobe: Talk about sitting on cloud 9

Adobe is crediting a surge in cloud services with helping to drive its best financial Q1 take ever. The Silicon Valley software giant said that its Creative Cloud and Marketing Cloud services recorded strong growth on the quarter and spurred the company to increase its revenue target for the year. For the three months [PDF] …
Shaun Nichols, 17 Mar 2016
Amazon CEO Jeff Bezos

Investors furious that Amazon only made $482m last quarter

Amazon is taking a beating on Wall Street as the retail and cloud giant posted numbers that, although strong, were short of analyst expectations. The house of Bezos saw its stock price fall 13 per cent after the release of its quarterly and full-year financials. However, Amazon noted large gains in key areas, including the AWS …
Shaun Nichols, 28 Jan 2016
Cat from Cisco TV ad

Cisco sees APAC turnaround, but enterprise and router sales slide

Cisco has turned in Q1 revenue and income well ahead of the same-time last year numbers, but has given traders a chill with less-bullish guidance for the future. The first quarter 2016 revenue, at US$12.7 billion, was only 3.6 per cent better than Q1 2015, but slimming down its costs meant the Borg reported net income of $2.4 …

ID theft alert biz LifeLock coughs up $96m to FTC in false ad claim deal

Identity-protection company LifeLock will shell out $96m in a settlement to end claims it broke a promise over false advertising. The Arizona biz, which tries to alert citizens to possible identity theft, said the payout is part of a settlement deal with US trade watchdog the FTC and several state attorneys general. "The …
Shaun Nichols, 28 Oct 2015
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Top watchdog probes IBM over 'transactions in US, UK, Ireland'

IBM's stock price has taken a hit after the tech titan revealed it is under investigation by the US Securities and Exchange Commission (SEC). Big Blue said in its latest 10-Q filing that for the past two months, the financial watchdog has been looking into its accounting practices. "In August 2015, IBM learned that the SEC is …
Shaun Nichols, 27 Oct 2015

Quantum sells so much product that its earnings might shrink

Quantum says it will make lower revenues than expected this quarter because it sold too many products and its supply chain couldn't keep up. How does that work? The data centre equipment firm thought its revenues for its second fiscal 2016 quarter, which finished on September 30, were going to be between $120m and $130m. Now …
Chris Mellor, 8 Oct 2015
BacksmithGrind

Pure Storage's 'disingenuous' financial figures still out there

Comment In a November 2014 blog, Pure Storage CEO Scott Dietzen wrote ... The last few weeks have been particularly chock-full of news and announcements, culminating this week with Gartner releasing its updated Market Share Analysis: SSDs and Solid-State Arrays, Worldwide, 2013 ... Analysts play a crucial role in the market and have …
Chris Mellor, 20 Aug 2015

Investors cheer as SGI loses LESS than expected

SGI has pleased financial markets by losing significantly less for Q4 2015 than prognosticators had seen in their crystal balls. By turning a net loss of US$0.12 per share for the quarter (total of $4 million, non-GAPP, the iron-monger beat estimates of a much words $0.20 per share net loss (which would have amounted to $6.67 …

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