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Articles about First Quarter

John Legere

T-Mobile US added more subscribers in last quarter than top three competitors combined

Shares in US mobile operator T-Mobile rose by more than 7 per cent on news that the firm added 2.4 million customers to its books and increased its revenues by 47 per cent in the last quarter. The news moved its outspoken CEO John Legere to profanity. We have outpaced the competition AGAIN – 12 times over! I shit you not! http …
Iain Thomson, 01 May 2014
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 …

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

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
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
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 …

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
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

EMC revenues are up. But, hey Joe, I heard you shot your profits down...

EMC sold a record $5.9bn of products and services in its second 2014 quarter, representing a stately five per cent year-on-year increase in sales - and a $400m boost over the first quarter of this year. EMC’s second quarter revenues are generally higher than its first quarter. Net income was $589m, 16 per cent down on profits a …
Chris Mellor, 23 Jul 2014
Ocean yacht

Batten down the hatch- ... oh. Quantum's actually close to growth

It’s Quantum quarterly results time. The temptation is to immediately think same old, same old, but is its drawn-out recovery finally becoming visible? The top-line numbers don’t show it. First quarter fiscal 2015 revenues were $128.1m, almost $20m down on the year-ago quarter and a smidge up, just $100,000, on the previous …
Chris Mellor, 24 Jul 2014
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
Red Hat Shadowman logo

Rising Red Hat reaps rewards of cloud growth

Open source software vendor Red Hat once again showed strong growth in the first quarter of its fiscal 2015, with rising revenues driven by strong sales to enterprise customers. "We now count 94 per cent of the Fortune 500 and 90 per cent of the Fortune Global 500 as customers," Red Hat CEO Jim Whitehurst said in a canned …
Neil McAllister, 19 Jun 2014

Come close, dear reader. Past those trees you'll see a non-Microsoft Nokia Oyj in the wild

Nokia – the Finnish networking firm, not the Microsoft division that sells low-cost mobes running Windows Phone – reported earnings for another difficult quarter on Thursday, yet showed signs that its operations are beginning to stabilize since punting its Devices and Services business off to Redmond. Net sales for the second …
Neil McAllister, 24 Jul 2014

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 …

Yee-haw! Rackspace shares soar on – gasp – healthy results

When Rackspace's chief executive Lanham Napier shocked analysts with his resignation last quarter, things looked bad for the company. But its latest financial results indicate that the company has weathered the transition. Napier's outgoing comments that the company's numbers looked "pretty darn formidable" have been borne out …
Jack Clark, 12 May 2014

Intel prods PC market's corpse, corpse shouts 'I'M NOT DEAD!'

Chipmaker Intel has raised its revenue expectations after discovering that the PC market is less moribund than it imagined. Chipzilla said on Thursday that "as a result of stronger than expected demand for business PCs," it was raising its second-quarter growth revenue estimate from $13bn to $13.7bn. "Intel now expects some …
Jack Clark, 12 Jun 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 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
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

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

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
Salesforce.com protest at Oracle OpenWorld

'I run my business from my phone' says Benioff as Salesforce shovels $93m into the furnace

Salesforce is in the fortunate business where it can simply raise its cloud-coated hand in the air and a fraction of the trillions of dollar bills being blown around the global economy will stick to it. At least, that was the message on the enterprise software-as-a-service company's first quarter earnings call for its fiscal …
Jack Clark, 20 May 2014

Google's revenues swell yet again, yet big earnings elude it

Google continued to mint money in the second quarter of its fiscal 2014, with revenues booming compared to the year-ago period, yet its earnings still managed to disappoint eager Wall Street analysts who were expecting even greater returns. This quarter, the online ad-slinger posted revenues of $16.0bn, which soundly beat the …
Neil McAllister, 18 Jul 2014

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

eBay cops $3 BILLION tax bill after moving its profits back onshore

Online tat bazaar eBay has copped a $3bn tax bill after bringing $9bn of cash held overseas back to the US. The firm hopes to use the remaining money to fund potential acquisitions at home. The firm announced as part of its first quarter earnings that it had paid a discrete tax charge of around $3bn to bring the cash pile back …

Sluggish Cisco damping Ethernet market, say kit-counters

The bread-and-butter enterprise networking market, Ethernet switches and routers, had a dreadful first quarter in 2014, but just how bad depends on which analyst you listen to. IDC says the Q1 value was $US5.2 billion, while Dell'Oro Group was a little more pessimistic, putting it at $US5 billion. The two companies estimates of …

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
Microsoft campus

Microsoft bags more CASH – but profit's flat as Nadella waves axe

Microsoft posted solid yet unspectacular results for both the fourth quarter of its fiscal 2014 and the full fiscal year, even as investors braced for new CEO Satya Nadella to axe as many as 18,000 staffers. Revenues for the quarter beat analysts' estimates slightly at $23.38bn, a 17.5 per cent gain over the same period a year …
Neil McAllister, 22 Jul 2014

IDC busts out new converged systems charts, crowns Oracle as Platform King

IDC's numerical navel-gazers have delved into integrated systems and found out that Oracle's engineered systems are crapping all over everybody else and FlexPod is winning out over VCE. The IDC quants separate out Integrated platforms, like Oracle's engineered systems, from Integrated infrastructures, like VCE's Vblocks. Here's …
Chris Mellor, 07 Jul 2014
iPad Photos app

Tablet boom quiets down a bit as growth slows

The meteoric rise in tablet sales could be tapering off a bit as analysts at IDC saw quarterly shipments fall short of forecasts. The research firm estimates that that while the market maintained positive growth over the same period last year, a number of top vendors saw both their shipment volumes and market shares take a hit …
Shaun Nichols, 01 May 2014
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

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

WAN-furtling pays off for app-happy Riverbed

There were contrasting results yesterday from Riverbed, which has a spring in its step, and Imation, which does not, but hopes to have, eventually. Riverbed's first 2014 quarter showed revenues of $265m, 8 per cent higher than a year ago. Profits of $3.3m were low, just 1.2 per cent of the revenues, but they were a welcome about …
Chris Mellor, 01 May 2014

Channel's großen Käse roll eyes at vendors' performance under the spread sheets

Bulky channel outfits in EMEA are bringing home the bacon, according to peeps at Canalys. Aggregated figures from eight publicly quoted suppliers in the region revealed an average year-on-year sales growth of eleven per cent in the first quarter of 2014 – more than double that of tech titans collective including HP and Apple. …
Paul Kunert, 03 Jun 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 …

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 …
Playground spring horse

Virgin Media sales are a bit flat under the Cable Cowboy's reign

Virgin Media has been part of Cable Cowboy John Malone's Liberty Global family for almost a year now. Yet the takeover hasn't boosted the UK telco's flat first quarter sales, which the City was told about this morning. Although growth in consumer and mobile revenue had rose, overall sales climbed a slender one per cent, to £1. …
Kelly Fiveash, 07 May 2014

Accounts probe stings IT distie giant Tech Data on the bottom line

The residual effects of Tech Data's accountancy blunder have emerged in the distribution goliath's figures for the first quarter of its new fiscal year. While the numbers published today show rising sales, profits – hit by a series of charges including a $12.2m cost related to the accounts cock-up – are well off the pace. Tech …
Paul Kunert, 29 May 2014
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
TwitterIPO

Twitter investors squawk as user growth, income disappoint again

Twitter reported first-quarter revenue growth of 119 per cent over the year-ago period, but profitability continues to elude the microblogging network and it still isn't gaining new users as fast as investors would like. Revenues for three months ending on March 31 were $250.49m, more than double what they were for the same …
Neil McAllister, 29 Apr 2014
wall_street

Whoops! Nvidia lets slip Q1 earnings early – and they're solid

An internal communications cockup forced Nvidia to release its first-quarter 2015 results two days early, surprising Wall Street with revenues and earnings that beat analysts' estimates. Nvidia had earlier announced that it would release this quarter's earnings report on Thursday, but when a preliminary draft of its results was …
Neil McAllister, 07 May 2014

Amazon earnings narrowly beat bean counter expectations

E-retail giant and cloudy king Amazon narrowly exceeded Wall Street expectations on Thursday, causing the stock to inch up in after-hours trading. The company reported earnings per share of $0.23 and net sales of $19.74bn for its first quarter of 2014, exceeding analyst expectations, compared with EPS of .018 per share and net …
Jack Clark, 24 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
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
SAP

SAP's on-site apps fumble for the gearstick as cloud stamps pedal

The decline in SAP’s software sales has accelerated while the company’s smaller cloud operation has continued to expand. For the tech giant's first quarter of 2014, revenue from sales of on-premises business applications fell five per cent, year on year, to €623m ($860m), under IFRS rules, according to its latest financial …
Gavin Clarke, 22 Apr 2014