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Articles about First Quarter

TwitterIPO

Twitter shares balloon on another quarter of ho-hum results

Despite continued growth, Twitter's earnings report for the second quarter of its fiscal 2014 didn't look much better than the first quarter's results, with the company still bleeding money even as it continues to ramp up its advertising and user-engagement efforts. Twitter's earnings beat analysts' estimates at $0.02 per …
Neil McAllister, 29 Jul 2014
india

India, IT powerhouse, buys just $US56M of storage a quarter

Do re-adjust your antenna: India buys just $US56m of storage a quarter, according to market-watcher IDC. The firms's new Asia/Pacific Quarterly Disk Storage Systems Tracker (excluding Japan), reports that Indian sales fell in 2014's first quarter, with just US$56.8 million of kit heading out the door. That's the smallest amount …
Simon Sharwood, 12 Aug 2014
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
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
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
Sprint CEO Marcelo Claure

New Sprint CEO says he will lower axe on staff – but prices come first

The new CEO of US mobile operator Sprint says he's planning aggressive moves to regain market share starting next week, but the big changes he has in mind will make job cuts unavoidable. According to a report by telecoms industry news site Light Reading, Marcelo Claure, Sprint's newly minted chief exec, told employees at a …
Neil McAllister, 15 Aug 2014
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
arrow pointing up

Lenovo posts an INCREASE in desktop PC and notebook sales

Lenovo, the world’s largest maker of PCs, saw its profits leap 24 per cent this spring. The China-based manufacturer reported first-quarter profits of $211m, compared to $170m for the year before. That was from revenue that jumped 18 per cent to £10.39bn. Earnings per share for the giant were up, from $1.65 to $2.03 for the …
Gavin Clarke, 14 Aug 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

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
Photo of a stack of $100 bills

Hey, what's inside those Imation Nexsan arrays? Whoa, bundles of cash?

The pace of revenue decline at storage biz Imation is lessening – but the loss-making continues: its second quarter results show storage media revenue falls outweighing storage array and security product revenue rises. Net revenue for the quarter, ending June 30, was $178.6m, down 15.6 per cent from a year ago but flat compared …
Chris Mellor, 01 Aug 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 …
Farmville on the iPhone

Farmville maker Zynga delays new games after losing 57 MILLION users

Zynga has slashed its financial forecast for this year and delayed the launch of several new titles after reporting weaker-than-expected second quarter results. The company, best known for its FarmVille game on Facebook, has lost 57 million monthly active users since the same quarter last year, dropping to 130 million from 187 …
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

Healthy Fibre biz fattens QLogic's bottom line... and not before time

It's a new fiscal year and a fresh first quarter for QLogic... and it looks like Q’s droopy revenue woes are set to end. It appears to have bottomed out, with numbers once again on the rise as Q starts growing again. Generally speaking, Q supplies storage access adapters and controllers for Fibre Channel and Ethernet. Revenues …
Chris Mellor, 25 Jul 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

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
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
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
Violin_to Q2_Fy2015

All-flash array shipper Violin plays concerto after re-stringing

Violin CEO Kevin DeNuccio has cut the flash array shipper's losses to a fraction of what they were in their previous results, and grown revenue over the previous quarter. It’s still lower than a year ago, but a landmark for all that. Violin is no longer on the road to perdition. Growth should also accelerate as the new products …
Chris Mellor, 28 Aug 2014
Ciscoblood

Cisco prepares to take $700m hit to make 6,000 layoffs

Cisco has said that it will be hit with $700m in charges in fiscal 2015 in the restructuring plan that will see the firm axe 6,000 employees. The company said in a regulatory filing that it expects to recognise around $250m to $350m of these charges in the first quarter of the next financial year and the rest throughout the year …

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 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

Shopping spree helps Arrow counter organic sales slump

Healthy organic sales growth has once again proved slippery for enterprise tech bellwether Arrow Inc to grasp, though demand for heavy duty software and hardware started to re-emerge. At group level, the tech distie reported revenues of $5.68bn, up seven per cent year-on-year as reported – but this was largely due to …
Paul Kunert, 30 Jul 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
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

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 …
Slick looking picture of  xiaomi's Mi3 Android smartphone

Home-grown Xiaomi crushes Samsung in world's biggest market

Chinese smartphone startup Xiaomi, whose turtleneck-clad CEO models himself on Steve Jobs (before Jobs died), has become the Middle Kingdom's largest seller of smartphones – outselling even former China top dog Samsung. "This is a phenomenal achievement for Xiaomi," said Shanghai-based Canalys Research Analyst Jingwen Wang, …
Iain Thomson, 05 Aug 2014

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

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 …
A hammer and bent screw

Don't Hammer Bob's backup biz: At least sales are up

CommVault, the all-singing-and-dancing data management, enterprise backup and archive company, saw its revenues rise 14 per cent in its first fiscal 2015 quarter - but its profits fell by five per cent. Despite that, it still beat Wall Street's earnings estimates. Revenues were $152.6m compared to $134.4m a year ago, while the …
Chris Mellor, 30 Jul 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 …
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
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

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

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