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Articles about First Quarter

Groupon office screen

Groupon plans MORE losses next quarter: Will lob wads of cash down marketing's maw

That brief period where it looked like voucher bazaar Groupon might actually make some money could be over already. The site has forecast a quarterly loss for its next financial results as it turns to advertising to try to keep its fortunes on track. Groupon said it was going to use a swathe of its money on advertising its …
T-Mobile modem

T-Mobile US: Our dump-your-network drive is doing SO WELL (PS: We lost $20m last quarter)

T-Mobile US is boasting over continued growth in subscribers for its mobile services, despite losing $20m this quarter. The firm said that over the fourth quarter of its 2013 fiscal year it added some 1.6 million customers, topping off 4.4 million new customers over the full year. The company noted that more than half of the new …
Shaun Nichols, 26 Feb 2014

First Dell, now IBM: 15,000 jobs face the axe at Big Blue, says union

IBM is set to spend another $1bn on job cuts this year to eliminate an estimated 15,000 jobs worldwide, according to trade union Alliance@IBM. The company has already spent the same amount of money last year on 'workforce rebalancing', its euphemism for redundancies. Big Blue's chief financial officer for finance and enterprise …
Rackgo systems include servers, storage, switching, and batteries

Data centers can't save Intel's first quarter

The "Sandy Bridge" Xeon E5 replacement ramp for servers is nearly a year old now and clearly hit its stride in the first quarter for Intel, which turned in some pretty sad figures for its PC chip and chipset business. It is a pity that the Data Center and Connected Systems business was not already twice as large, as Intel hopes …

Floating mutant, hidden profit: Nimble reveals first post-IPO results

Mutant flash-disk arrays are apparently continuing to disrupt the storage market, judging by hybrid array-slinger Nimble Storage's business in the period to the end of January this year. It recently revealed both the quarter which included its IPO and its full year results. Hybrid arrays juice cheap disk capacity with a dash of …
Chris Mellor, 04 Mar 2014

VMware squeezes customers for stellar quarter

Despite a wave of executive departures, questions over its ability to make money arming cloud vendors, and a dismal economy at home and abroad, VMware has reported a solid set of financial results, though slow growth in software licensing points to storms ahead. The virtualization company reported combined revenues of $1.24bn on …
Jack Clark, 23 Jul 2013
Yahoo! CEO Marissa Mayer and CFO Ken Goldman

Yahoo!'s Mayer turns in another stable quarter, yet sales disappoint

Yahoo!'s earnings for the its second quarter of 2013 roughly matched analysts' expectations, and CEO Marissa Meyer says she's "encouraged" by the company's performance. Revenue, however, continues to be a problem for the troubled firm. It's been one year since Mayer was tapped for the top spot at Yahoo!, and to her credit a lot …
Neil McAllister, 16 Jul 2013
Xyratex OEMs

Xyratex tight-lipped over unimpressive first quarter

As expected and following on from its board caving in to Baker Street Capital Management and ousting of CEO Steve Barber, Xyratex's quarterly revenues are down 34 per cent year-on-year. Revenues for Q1 2013, ending 28 February 2013, were $195.6m, which contrasts badly with the $295.7m reported a year ago and the $265.4m reported …
Chris Mellor, 05 Apr 2013
The Register breaking news

Another quarter, another $14bn in revenue for Google

Google announced an impressive start for its fiscal 2013 on Thursday, reporting first-quarter revenues of $13.97bn – an eyebrow-raising 31 per cent increase from the same quarter last year. That growth was perhaps not quite so remarkable, however, when you consider that the online ad giant also pulled in $14.42bn in Q4 of 2012 …
Neil McAllister, 18 Apr 2013

AMD is 'transforming', will be profitable this quarter, says CEO Read

AMD has entered phase two of its "restructure, accelerate, and ultimately transform" realignment project, says company president and CEO Rory Read, who sees brighter days ahead. "With our restructuring complete, our focus in the second half of the year is on continuing to accelerate our business," Read told the analysts and …
Rik Myslewski, 19 Jul 2013
The Register breaking news

Nokia shares fall as it drops first quarter forecast

Nokia shares dropped over 16 per cent on the Helsinki Stock exchange today after it cut its profit forecast for the first quarter. The Finnish phone firm said that it now thought its operating margin for the first three months of this year was around -3 per cent, instead of a previously expected break-even range of plus or minus …
cloud

Intel reports record first quarter

Intel's first-quarter 2011 revenue set a new company record at $12.8bn, exceeding the Wall Street moneymen's predictions and causing Chipzilla's stock to pop up as high as six per cent in after-hours trading. "The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major …
Rik Myslewski, 19 Apr 2011
server room

HP earnings fall 44% on Whitman's debut quarter

Meg Whitman’s earnings statement from the first quarter of 2012 doesn’t look good, as she tries to clean the Augean stable left by Léo Apotheker. In her first full quarter as CEO earnings for the company were down 44 per cent on the previous year, with the company getting hammered on revenues in the fast-growing Asia Pacific …
Iain Thomson, 22 Feb 2012

SAP trousers €1bn quarter in software sales, fumbles profit

Business is so good at software industry bellwether SAP that it felt compelled to pre-announce its financial results for its fiscal Q2. In the past three months, SAP broke €1bn in new software licence sales for the first time and posted its best second quarter ever. The preliminary figures show SAP on a roll, with its tenth …
Google sign outside Mountain View headquarters

Google's latest mega-earnings fail to impress shareholders

It's hard to be disappointed about quarterly revenues of $15.42bn – unless you're Google, that is, and the analysts expected you to bring in even more. The online ad-slinger underperformed in both revenue and earnings per share during the first quarter of its fiscal 2014, based on the average estimate gathered by Yahoo! Finance …
Neil McAllister, 16 Apr 2014

AMD posts $1.4bn in sales, beats Wall Street moneymen's predictions

AMD has announced its financial results for its first fiscal quarter, and the chip designer handily beat analysts' expectations in both revenues and the all-important – to the Wall Street moneymen, at least – earning per share (EPS). On both a GAAP and non-GAAP basis – which excludes one-time items* – AMD reported revenues of $1 …
Rik Myslewski, 17 Apr 2014
Punk-styled girl with piercing gazes at an apple

PEAK APPLE: 'iPhone sales STALL' at first sniff of fresh droid competition

Apple is experiencing a brutal slowdown in global iPhone sales as rivals wolf down an increasing share of the smartphone market, it's claimed. While Cupertino's competitors have performed well so far this year, Apple's own sales have spluttered along, according to a report from market research firm IHS iSuppli. “Apple’s iPhone …
Jasper Hamill, 18 Jul 2013

Google who? Samsung announces its first developer conference

No longer content to live under Google's shadow, Samsung has announced its first-ever developer conference, to take place in San Francisco in October. It's no secret that Samsung has been the leading supplier of Android devices for some time now – by a wide margin. According to one study, fully 94.7 per cent of all profits in …
Neil McAllister, 22 Jul 2013
The Register breaking news

Micron's revenues circle drain for third straight quarter

The numbers are straightforward. In its second financial 2012 quarter, ending 1 March, DRAM and NAND maker Micron sold $2.1bn of chips and SSDs and made a loss of $224m. This reflects the deepening of a trend that has been underway for seven quarters, with declining revenues and falling profits turning into losses. If you have a …
Chris Mellor, 23 Mar 2012

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

Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'

Intel has posted its financial results for its first quarter of fiscal 2014 that were either marginally lower or higher than analysts' estimates, depending upon which analysts you trust. Chipzilla reported revenues of $12.8bn for the quarter, with net income of $1.9bn and the all-important earnings per share (EPS) coming in at $ …
Rik Myslewski, 15 Apr 2014

Facebook-for-suits biz LinkedIn shares drop on weakened 2014 outlook

Shares in business networking site LinkedIn have dropped 7.8 per cent in after-hours trading, struggling back from an earlier low of 15 per cent, after it predicted weaker-than-expected results for the first quarter. The professional network said that it now anticipates revenue in the quarter of between $455m and $460m, falling …
wall_street

Apple blows past (most) Wall Street moneymen's expectations

After Apple announced its new iPad Air and iPad mini with Retina display last October, CEO Tim Cook offered the hopeful opinion that "it's going to be an iPad Christmas." Turns out his hopes were fulfilled. Apple has announced its financial results for the first quarter of its fiscal 2014 – which happens to coincide with the …
Rik Myslewski, 27 Jan 2014
Zombie cloud

What's a right pain in the ASCII for IBM? Its own leech-like hardware biz

IBM's earnings for the first quarter of the year show that the company's hardware division has turned into a leech sapping Big Blue's profits. IBM's total revenues for the quarter were $22.5bn, down four per cent on an annual basis and earnings-per-share are $2.54. This represented the eight consecutive quarter of declining …
Jack Clark, 16 Apr 2014

High-end SAN peddler Dot Hill delivers profit – market says 'meh'

Three consecutive quarters of profit and a full year profit after seven years of losses: Dot Hill is looking good and CEO Dana Kammersgard can breathe more easily. Fourth quarter 2013 revenues were $58.8m, up sequentially from the prior quarter's $52.6m and even more than the year-ago quarter's $44.1m; it's up 29 per cent, in …
Chris Mellor, 07 Mar 2014
cisco

Cisco turns in solid June quarter

Networking giant and server upstart Cisco Systems hit the numbers between the eyes in its fourth quarter of fiscal 2012 ended in June, growing profits faster than revenues. The company's financial performance, despite intense competition, soft markets in many places around the globe, and skittish CEOs who are not sure how the …
The Register breaking news

Google revenues top $9bn in Page's maiden quarter

Google revenues topped $9 billion during Larry Page's inaugural quarter in charge, a first for the Mountain View ad broker. Page took the opportunity to tell the world how excited he is about Google's latest attempt to mimic Facebook. "We had a great quarter, with revenue up 32 per cent year on year for a record breaking over $9 …
Cade Metz, 14 Jul 2011

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
Declining graph

PC market's bleeding slows thanks to XP phase-out

The end of support for the Windows XP operating system has triggered a jump in sales, bringing a rare bit of good news for PC vendors. Research firm Gartner found that PC sales in the first quarter of 2014 are down 1.7 per cent over the same period last year. While still showing decline, the figure points to a possible rebound …
Shaun Nichols, 10 Apr 2014

El Reg drills into IBM: The storage biz's got that sinking feeling

With the tremendous noise of chickens coming home to roost, IBM's first quarter storage revenues carried on crashing down with depressed revenues. We covered IBM's overall results here and pointed out that IBM's poor hardware product-based revenues were dragging the overall results down. Within that segment, storage results were …
Chris Mellor, 17 Apr 2014
Chillout area in Google's data center

Google spends in three months on data centers what used to take a year

Google spent a whopping $US2.35bn on its data centers in the first quarter of 2014. The expenditure was revealed by Google on Wednesday deep within its financial results and demonstrates how much the company has grown in the past decade, considering that it spent the same amount during the entirety of 2008. In other words, what …
Jack Clark, 17 Apr 2014
iPad and iPad mini

APPLE EATS ITSELF: iPad Mini set to wolf Air's market share

Shipments of Apple's latest bijoux fondleslab are expected to double next year as sales of other models dwindle. According to a report from KGI analyst Ming-Chi Kuo circulating on Apple blogs, shipments of the iPad Mini Retina will shoot up by 101 per cent in the first quarter of 2014 at the expense of the iPad Air. Meanwhile, …
Jasper Hamill, 14 Nov 2013
Diver peers through sub window. credit: Alexander Rist  http://www.sxc.hu/profile/OwnMoment

Swollen-bellied Riverbed spears trout of doubt: Opnet buyout blues over

Riverbed, the WAN optimising and cloud storage gateway biz, has announced a sparkling new Steelhead appliance and pretty shiny results as it recovers from digesting an acquisition. Which first? Let’s go for the revenues and earnings. Fourth quarter 2013 revenues were $283m – satisfying growth compared to revenues of $262m in the …
Chris Mellor, 18 Feb 2014
Oracle Termites

Oracle revenues miss expectations – AGAIN

Oracle posted lower than expected revenue for the first quarter of its 2014 financial year, making it the third consecutive quarter that the database giant has missed analyst expectations. Oracle announced revenues of $8.38bn and earnings per share of 59 cents on Wednesday, compared to the $8.48bn and EPS of 56 cents that the …
Jack Clark, 18 Sep 2013
The Register breaking news

AOL first quarter sales nosedive 23 per cent

Struggling internet old guard AOL saw revenue and profits plunge in its first quarter, the company reported yesterday. It said sales plummeted 23 per cent in Q1 to $664m. Ad revenues fell by 19 per cent to $354.3m, and subscriptions dropped 28 per cent to $282.7m. Net income nose-dived 58 per cent to $34.7m for the first …
Kelly Fiveash, 29 Apr 2010
Frodo and the Ring

IBM trudges onward despite hardware weight around its neck

IBM reported fourth-quarter earnings that were a mixed bag on Tuesday, with hardware remaining the chief thorn in Big Blue's side – as has been the case throughout its fiscal 2013. Total revenues shrank for both the quarter and the year, with Q4 sales down 5.5 per cent to $27.7bn and annual sales down 4.6 per cent to $99.8bn. …
Neil McAllister, 22 Jan 2014

BSkyB profit knocked by BT footie struggle and O2 broadband costs

BSkyB has felt the pinch from huge operating costs as it continues to battle with its pay-TV archrival BT and absorbs the buyout of O2's consumer broadband network. The giant media firm reported a jump in total revenue of £1.84bn for its first quarter this morning - up 7 per cent from £1.71bn in the same quarter a year ago. It …
Kelly Fiveash, 17 Oct 2013
Nokia Lumia 900

Nokia gobble: Microsoft can't get free of red-tape bondage 'til April

Here's an eyebrow-raiser: Microsoft's general counsel and executive veep for legal and corporate affairs Brad Smith has roused himself late on Sunday evening to blog about the company's acquisition of Nokia. In a statement posted at 11:10 PM on Sunday night, Smith said "we expect to close next month, in April 2014." Why did …
Simon Sharwood, 24 Mar 2014
The Register breaking news

VMware busts through billion dollar quarter

Server virtualization juggernaut VMware has busted through its first billion dollar quarter, beating Wall Street estimates for the fourth quarter of 2011 in both sales and profits. Anyone – this means you, Red Hat, Citrix Systems, and Microsoft – that thinks they can knock out VMware in server virtualization should consider this …
SanDisk 2.5in 32GB internal Flash drive

SanDisk flashes better-than-expected results. Right, let's upend our biz model

Flash card and SSD shipper SanDisk has ended a lovely-looking fiscal 2013 with four quarters of rising revenues and rising profits, contrasting well with the relative disaster that was fiscal 2012. But the company will have to move fast to address falling memory prices. SanDisk revenues and net income to fy2013 Chief …
Chris Mellor, 24 Jan 2014
Cat 5 cable

Lenovo celebrates 5th quarter of growth

Lenovo's financial results for its first quarter ended 30 June 2010 show it has grown faster than any of the other top manufacturers. The company's PC sales grew 48.1 per cent compared to the industry average of 20.9 per cent. Lenovo now claims 10.2 per cent of the world PC market. Lenovo made sales of $5.1bn and a pre-tax …
John Oates, 19 Aug 2010
Nook GlowLight

Barnes & Noble's Nook sales take a long walk off a very short pier

Barnes & Noble's ebook efforts continue to falter, with the company's struggling digital division reporting disappointing revenues as it lurches into what could prove to be a difficult holiday season. The Nook division reported total revenues of $109m for the second quarter of its fiscal 2014, a 32.2 per cent decrease from the …
Neil McAllister, 28 Nov 2013
The Register breaking news

Yahoo! conjures! growth! from! flat! first! quarter!

Yahoo!'s search pact with Microsoft, cost cutting and business growth helped boost the internet's second biggest search company in the first three months of 2010. The company Tuesday announced net income jumped 163 per cent for the first three months to March 31 while earnings per diluted share were up 175 per cent to $0.22. …
Gavin Clarke, 20 Apr 2010
Starship Enterprise

HP storage bods: We're not up there with EMC, but we're CRUSHING IBM

HP’s annual storage sales are growing much faster than IBM’s, but are eclipsed by the revenue growth of storage front-runners EMC and NetApp. Stifel Nicolaus MD Aaron Rakers has computed the annual percentage change in storage revenues for the companies and we charted his numbers: Major Storage vendors annual revenue changes …
Chris Mellor, 27 Nov 2013
The Register breaking news

People really liked our Xperia. Throw in a weak yen and KERCHING - Sony

The weak yen and strong sales of its smartphones in Japan combined to help Sony report a better-than-expected operating profit in its fiscal first quarter. Things were looking good for the one-time electronics giant at home, where foreign exchange rates were helping its bank balances and its flagship Xperia smartphone was well- …

Samsung overtakes Apple as most profitable global handset maker

Samsung has overtaken Apple in worldwide handset-sales profits, banking $5.2bn versus Cupertino's $4.6bn in the second quarter of 2013, according to the latest data from Strategy Analytics. "With strong volumes, high wholesale prices and tight cost controls, Samsung has finally succeeded in becoming the handset industry's …
Rik Myslewski, 26 Jul 2013

Apple's Tim Cook: Fear not, worried investors, new product salvation is 'absolutely' on the way

Apple cranked out its best quarter of iPhone and iPad sales to date, thanks to a strong 2013 holiday shopping period, but its projections for the opening three months of 2014 have investors nervous. As might be guessed, however, CEO Tim Cook says there's nothing to worry about, and that there are new products coming later this …
Rik Myslewski, 28 Jan 2014
Whiptail XLR8r appliance

Cisco reps flog Whiptail's Invicta arrays against EMC and Pure

A recent report based on views gathered from resellers reveals Cisco reps are enthusiastically selling Invicta all-flash arrays as both stand-alone and UCS converged arrays against EMC's XtremIO and Pure Storage. William Blair's Data Networking and Storage Tracker findings are based on "in-depth interviews with 41 US and …
Chris Mellor, 14 Apr 2014
HTC One

Launch date for flashy new HTC flagship mobe REVEALED... by UK judge

A High Court judge in Blighty appears to have revealed a roundabout launch date for HTC's next flagship mobe in a patent ruling, saying the so-called HTC One Two would be coming in the first quarter of next year. Richard Arnold said in a ruling yesterday that he would not ban HTC One phones in the UK after he had previously …
homeless man with sign

PC sales boast record quarter

Figures released last week show PC sales have grown 23 per cent compared to last year, pushed mainly by growing demand in Asia. In the first quarter of 2010 81.5 million PCs were shipped, compared to 66.5 million in the first three months of 2009. Matthew Wilkins, principal analyst for compute platforms at iSuppli, said it was …
John Oates, 08 Jun 2010