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
Finnish_Sauna_etching

Quantum blames wobbly storage world for its own wobbly financials

They say that when the tide goes out you can see who's been swimming naked. It's going out for Barracuda, QLogic, and Seagate, and Quantum makes four as it bares lousy preliminary Q1 numbers. Instead of the hoped-for $125 million to $135 million revenues in its first fiscal 2016 quarter, it's looking at just $111 million. This …
Chris Mellor, 17 Jul 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
Huawei HQ

Huawei claims 30 per cent growth for H1 2015/16

Huawei's core smartphone and network infrastructure units have driven the Chinese behemoth's revenue past $28bn for the first half of financial year 2015-2016. In a result that will chill the likes of Cisco, Nokia/Alcatel-Lucent and Ericsson, the company's revenues hopped on an elevator to grow 30 per cent year-on-year, and …
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
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 …
£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

eBay flogs off eBay chunk for $925m as 'uncoupling' gets closer

Online tat bazaar eBay confirmed it is flogging off its eBay Enterprise division for $925m (£591m), while posting a seven per cent second quarter revenue increase to $4.4bn (£2.8bn). Total profits plummeted from $676m (£431m) to $83m (£53m) due to the $786m (502m) charge related to the sale of eBay’s enterprise unit. In …
Kat Hall, 17 Jul 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

Salesforce back in the red, reviews future black ink orders

After a brief interlude in the black, Salesforce is back in more familiar loss-making territory, according to the financials for its second financial quarter this year. The giant CRM provider posted total revenue of $1.63bn (£1bn) for the period, an increase of 24 per cent year-on-year. Operating profit remained above water …
Kat Hall, 21 Aug 2015

America helps ease Ericsson's pain

Ericsson boss Hans Vestberg is breathing a sigh of relief, with America's demand for mobile broadband stabilising enough to help it beat forecasts for the second quarter. The company announced on Friday that the North American territory had finally stabilised after declining for three quarters, helping both sales and profit …

Cisco kicks off Robbins' reign by beating the street

Cisco's new CEO Chuck Robbins has had the pleasure of reporting ahead-of-expectation results for Q4 of 2014/15. In the quarter that saw Robbins take over the big office from the seemingly-eternal John Chambers, Cisco reported year-on-year growth for the quarter of 3.9 per cent (US$12.8 billion). Full-year 2015 revenue was …
Data Centre

Dude, you're getting a few thousand custom Dells!

Dell has launched a new business line of custom servers to companies with unique needs and those that don't quite want the server volume of "hyperscale" data centers. The Datacenter Scalable Solutions (DSS) unit will specifically target companies in web tech, telecoms, hosting, oil and gas, and research spaces. "Today, there' …
Neil McAllister, 24 Aug 2015
management project

Misco hires sales vet Brooker to run UK sub

Systemax Europe president Simon Taylor has made his first senior hire in the shape of tech sales veteran Tony Brooker - a man he charged with rebuilding UK subsidiary Misco. Taylor, formerly EMEA senior veep of operations at Insight Enterprises, took over the business in June and at the top of his to-do list was a message from …
Paul Kunert, 19 Aug 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

QLogic CEO is out, search for successor underway

QLogic's president and CEO Prasad Rampalli has abruptly left the building to "pursue other opportunities" in the time-honoured euphemism used by company boards when axing a senior exec. Rampalli joined QLogic in February 2014, stepping into the CEO's hot spot months after prior CEO Simon Biddiscome had been released. CFO Jean …
Chris Mellor, 22 Aug 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

Cher tells HTC: If I could turn back time ... if I could find a way (to not lose $250m in a quarter)

HTC has warned staff there will be mass layoffs after the biz lost more a quarter of a billion dollars in three months. For quarter ending June 30, HTC turned $NT33bn (US$1.04bn) in revenues (down 49 per cent year-on-year) into a NT$5.1bn (US$161.1m) loss, thanks to slow sales of its Android mobile devices. China in particular …
Shaun Nichols, 06 Aug 2015
willy wonka oompa loompa

Peak Google? Chocolate Factory cuts costs amid dwindling growth

Google is curbing staff recruitment and introducing a number of penny-pinching efficiency practices to try and gets its profit growth back on track, according to reports. A number of recruiters, venture capitalists and employees told the Wall Street Journal the Chocolate Factory is casting an increasingly critical eye over its …
Kat Hall, 14 Jul 2015
fingers pointing at man

Pure and simple: Why Gartner's and IPOing storage biz's numbers didn't line up

Pure Storage’s S1 IPO filing said one thing about its 2014 revenues while a Gartner report said something a hundred million dollars different. Why? In more detail, Pure Storage’s S1 says revenues in the year to January 31, 2015, were $174 million. Gartner said in a Market Share Analysis: SSDs and Solid-State Arrays, Worldwide …
Chris Mellor, 13 Aug 2015

Quadsys Five charged with fraud over data-slurping allegations

The boys in blue have charged Paul Cox, MD at Oxfordshire-based security outfit Quadsys, with fraud after he and others at the firm allegedly hacked into a rival security reseller to take data, including pricing info. Cox was among five bods arrested in March by Thames Valley Police (TVP) in conjunction with the National Crime …
Paul Kunert, 14 Aug 2015
Empty phone battery

Brit hydro fuel cell maker: our tech charges iPhone 6 for a week

Brit-based hydrogen fuel cell maker Intelligent Energy (IE) reckons it has developed an iPhone that can run for a week after one charge of the battery - which might just help massage the loss-making firm’s bottom line. The Loughborough-based business has produced a working prototype of Apple’s sixth generation smartmobe …
Paul Kunert, 23 Aug 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 # …
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 …
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
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 …
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
management governance3

Acer still rumbling along toward end of runway - but no sign of liftoff

Acer sales have slumped to a nine-year low, prompting senior industry figures to question if the once high-flying notebook maker is running out of runway. The Taiwanese firm has reported a 26.6 per cent year-on-year revenue decline for Q2 to NT$60.1bn (£1.24bn, $1.93bn), the lowest quarterly sales since 2006 when Acer was …
Paul Kunert, 14 Jul 2015
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

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
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

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