Articles about First Quarter

Brocade's IP strategy stutters in flat first quarter

A recovery in storage area networking product revenues has offset sliding IP networking sales to give Brocade a first quarter 2015 revenue result of US$576m, up two per cent quarter-on-quarter and the same amount year-on-year. Although flat year-on-year at at US$353m, the SAN segment swelled nine per cent in Q1 2015, reversing a …

Arista revenue rises to US$179 million in March quarter

Arista Networks has reported continuing growth, taking its revenue to US$179 million, but at the cost of a slimming of its margins to 65.8 per cent (down from 69.4 per cent a year ago). The revenue growth was strong at nearly 53 per cent higher than a year ago, but it slowed at the end of the period and was only 3.2 per cent up …
sap security vulnerabilities

Cloud-engorged SAP's profits nosedive by a QUARTER

Profit plunged by 23 per cent to €413m (£296m) at Teutonic wannabe cloud-purveyor SAP for its first quarter as the company attempts to move away from its traditional on-premise software products. Revenue increased 22 per cent to €4.5bn (£3.2bn), compared with the same period last year. Cloud subscriptions and support revenue …
Kat Hall, 21 Apr 2015

Struggling tape bods Quantum a few quids in after good quarter

One swallow doesn’t make a summer but two certainly does indicate warmer weather is on the way. So too for Quantum, which has just made a profit – the first one after four quarters of losses. Quantum, that perennially struggling tape, disk and file management vendor, has just reported a positive second fiscal 2015 quarter ending …
Chris Mellor, 30 Oct 2014

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
Apple Watch

Horrifying iPhone sales bring Apple $18bn profit A QUARTER

Apple chief exec Tim Cook has said his company's smartwatch won't go on sale until April – not that he's too fussed about the delay, given Apple has banked $18 BILLION in profit since October. Speaking during the iPhone giant's quarterly earnings call, Cook narrowed down the date, pushing the boundaries of the "early 2015" …
Shaun Nichols, 28 Jan 2015

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

Whoa, back up a little CommVault: ANOTHER weak quarter?

CommVault has reported a depressing set of results as sales headcount and mid-market product and pricing strategy faux pas cause a stumble – another stumble, in fact, as first quarter results were poor too. Second quarter revenues of $151.5m were up seven per cent year-on-year but down one per cent on the prior quarter, with …
Chris Mellor, 29 Oct 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
4 arrows signs in arrow on wooden wall

NetApp revenues and profits decline again despite positive spin

Despite its CEO saying NetApp was moving forward with clarity and speed in the data-powered digital era, NetApp recorded lower revenues and profits on the annual compare for its second fiscal 2016 quarter, ended October 20. Same old, same old. Revenues for the quarter were $1.45bn, six per cent down on the year-ago quarter’s $ …
Chris Mellor, 19 Nov 2015
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the …
Neil McAllister, 18 Sep 2014
Gridstore HCA

Gridstore going gangbusters

Gridstore, the Hyper-V-focused, hyper-converged, all-flash appliance startup, is growing gangbusters after coming out, so to speak, a year ago. Its third 2015 quarter was 440 per cent higher than the third 2014 quarter, and, for the nine months ending September 30, 2015 it saw year-to-date growth of 428 per cent YoY. …
Chris Mellor, 03 Nov 2015

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 …
The road running through the PRATCHETT landing area

CommVault cries out in revenue pain as profits slam into reverse

CommVault's second quarter saw a deepening loss and continued revenue decline, putting the pressure to perform on its new software. Days after the CommVault Data Platform, the rebranded Simpana, was launched, CommVault's quarterly results showed the need for it and its hoped-for revenue pick-me-up properties. Revenues of $140 …
Chris Mellor, 27 Oct 2015
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 …

People bored of mobes, say magic quadrant wizards

Global spend on smartphones rose at the slowest rate since 2013 for the second quarter of 2015, according to magic quadrant wizards Gartner. Worldwide sales of smart mobes totalled 330 million, up 13.5 per cent from the second quarter of 2014. In contrast sales for the whole of 2014 rose 28.4 per cent to 1.2 billion, compared …
Kat Hall, 20 Aug 2015
Bill Morrow NBN CEO

NBN shows strong ARPU growth as users connect

Fibre-to-the-home revenue on Australia's National Broadband Network (NBN) more than double between the first quarter 2015 and the quarter just completed, the company's latest results announcement shows. nbnTM reported AU$41 million in FTTP revenue for the quarter, $25 million better than the $16 million recorded for the same …

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
Mark Hurd and Safra Catz

Hurd clings to Oracle’s cloud growth as overall revenue declines

Mark Hurd, joint chief exec at Oracle, has come out as predictably bullish on the company's cloud prospects, stating in an interview that customers can't get enough of its fluffy white stuff. Speaking to The Telegraph, Hurd said compared with 12 or 15 months ago "the customer is more excited about and open to the cloud". He …
Kat Hall, 14 Oct 2015

We want flying space cars and robo-butlers, and Pure Storage wants $450m in IPO cash

Flashy all-flash-array startup Pure Storage wants $450m in cash from its looming stock market debut. This would value the company at $3.1bn, giving its venture-capital backers a return of up to 6.6x on $470m in total funding. In an amended S1 filing with US financial watchdog the SEC, Pure Storage has priced its IPO shares …
Chris Mellor, 25 Sep 2015

Apple: We're going to sell $77bn worth of iStuff this holiday season

Apple says it hopes to haul in anywhere from $75bn to $77bn (£48bn to £50bn) over the upcoming holiday shopping season. The Cupertino seller of iThings said the upcoming quarter is on pace to be its best ever, as the company predicts it will edge out last year's $74.6bn Q1 total with an estimated $75-77bn revenue haul for its …
Shaun Nichols, 28 Oct 2015

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
Mark Hurd and Safra Catz

Oracle: Over here, look over here! At the cloud! No, not at our glum licensing numbers

Enterprise IT giant Oracle is once again pointing to a growing cloud business to gloss over lackluster financial numbers in other parts of its business. Big Red on Wednesday said that its $8.4bn in first-quarter [PDF] revenues (ending August 31) were down 2 per cent over the same period in 2014, when it logged $8.5bn. Earnings …
Shaun Nichols, 16 Sep 2015
Xyratex OEMs

Xyratex tight-lipped over unimpressive first quarter

Comment 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
Satya Nadella

Sales down, profit up, 1,000 bods chopped: Your one-minute guide to Planet Microsoft

Microsoft has published its figures for the first quarter of the 2016 financial year (its accounting department shuns calendars) and reports that profits are up, even though revenues fell. "We are making strong progress across each of our three ambitions by delivering innovation people love," said CEO Satya Nadella in a canned …
Iain Thomson, 23 Oct 2015
Job cuts jpeg

Staff at stumbling server storage supplier QLogic brace for big layoffs

QLogic, swaying in the doorway with a tatty photocopy of its lousy prelim results in hand, has warned staff they will be axed to cut costs. A couple of weeks ago, the server-storage connectivity card vendor signaled poor first fiscal 2016 quarter results were coming: sales will be up to $19m lower than the most optimistic …
Chris Mellor, 21 Jul 2015
AMD underwater

AMD looks at sinking sales, gulps: It's worse than we thought

Struggling chipmaker AMD warned investors on Monday that its second-quarter results, which are due to be announced on July 16, will be lower than previously expected. During a conference call with financial analysts at the end of the company's previous quarter in April, AMD chief financial officer Devinder Kumar said he …
Neil McAllister, 06 Jul 2015

Quarterly losses double at Hadoop hawker Hortonworks

Open source Hadoop purveyor Hortonworks doubled its quarter-on-quarter net losses in the first quarter of 2015 to a loss of $40m (£25m). Meanwhile, revenue rose 167 per cent to $22.8m (£14.5m). For its full-year, the company estimates a net loss of between $78m (£50m) and $84m (£54m). In its previous full-year results, it …
Kat Hall, 13 May 2015
ASUS Chair Jonney Shih Computex 2015 press conference

Smartphone sales looking rosy for Asus, despite PC meltdown

While the mobe power base is shifting from the traditional players to the new upstarts, with Samsung and HTC suffering at the hands of Huawei and Xiaomi, Asus is having a good time in the good old handset market. Sales were up from three million in the first quarter to five million in the second and the company is predicting …
Simon Rockman, 12 Aug 2015
Ocean yacht

Dot Hill sails along with the glass indicating profit set fair

Dot Hill is getting the trade winds behind its sails. The OEM disk array supplier continued its comeback with another quarter showing annual revenue and profits growth as new OEM customers like Teradata and Quantum took its arrays to market. The company reported $61.1 million revenues for its first 2015 quarter, 27 per cent …
Chris Mellor, 08 May 2015
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 …
Neil McAllister, 16 Jul 2013

Rackspace shares tumble on lowered forecast, revenue miss

Shares of cloud hosting provider Rackspace were battered on Monday after the firm reported a lackluster forecast for the second quarter of its fiscal 2015. Rackspace's total revenue for the three months ending on March 31 was $480.2m, a 14.1 per cent increase over the previous year's first quarter – not bad, but Wall Street …
Neil McAllister, 12 May 2015
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 …
RingRing Remember these? What's special about the rear left one?

Give us your software BlackBerry, we love it. The phones? Meh

Rising software revenue helped make up for continuing falls in phone hardware income at BlackBerry in the past quarter, with the waning giant booking revenue of $658m for first quarter of full year 2016, and reported a non-GAAP operating loss of $7m. Forty per cent of all income was phone sales, of around 1.1 million devices. …
Andrew Orlowski, 23 Jun 2015
Scrooge McDuck

Open-source Linux doesn't pay, said no one ever at Red Hat

Red Hat's sales jumped 14 per cent, year-on-year, in the quarter that ended May 31, thanks to contracts with government and cloud providers. The GNU/Linux distro maker recorded US$481m in sales in its first quarter of its fiscal 2016 year, and a net income of US$48m, up 26 per cent on the year-ago period. The 44 cents per share …
Shaun Nichols, 19 Jun 2015

Teradata’s troubles cause the restructuring knives to slip out

Teradata revenues dropped again in its third quarter and the company has decided to get serious abut the situation and walk away from the marketing applications business. Revenues of $606m for the data and analytics company were nine per cent lower than a year ago and three per cent less than the previous quarter. There was a …
Chris Mellor, 09 Nov 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
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 …
Intel headquarters, Santa Clara

Intel beats earnings estimates (because nobody expected it to earn much)

Punch-drunk Intel staggered along in the second quarter of its fiscal 2015 and somehow managed to outperform analysts' estimates, even though its results looked even worse than the previous quarter's. Total revenue for the three months that ended on June 27 was $13.2bn. And while that was better than Wall Street hoped for, it …
Neil McAllister, 15 Jul 2015

Big operating expenses rise clobbers Dot Hill's otherwise healthy profits

Storage biz Dot Hill is back and boasting a third quarter of double-digit revenue growth – but also reports anorexic profits caused by some whopping admin expenses. Its second 2015 quarter showed revenues of $61.5m, 28 per cent up on the year-ago’s $48.2m and marginally more than the previous quarter’s $61.1m. Dot Hill …
Chris Mellor, 10 Aug 2015

Cash-happy BlackBerry slurps one-time rival Good for $425m

BlackBerry has dug deep into its lint-filled pockets to buy its one-time legal adversary Good Technology for a cash sum of $425m (£280m). BlackBerry hopes the deal will allow it to beef up its presence in the enterprise mobile management space. John Chen, BlackBerry chief exec, said the acquisition will expand its offering in …
Kat Hall, 04 Sep 2015

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

'We fell short' says QLogic CEO in August's understatement-of-the-month contender

As expected from its earlier warning shot, QLogic's first quarter fiscal 2016 results were pretty bad. Revenues of $113.4 million were 5 per cent lower than a year ago, with net income of $2.6 million being 57 per cent down on last year's Q1. Within the revenue number, Advanced Connectivity Platforms (Fibre Channel and …
Chris Mellor, 03 Aug 2015
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 Incredible Shrinking Man

What's dying on the vine and rhymes with IBM?

It was business as usual for IBM in the second quarter of its fiscal 2015 – which in Big Blue's case means it once again posted revenues that were lower than the same period a year ago. It was the thirteenth quarter in a row of which that could be said. Of course, to hear CEO Ginny Rometti tell it, it's still all part and …
Neil McAllister, 20 Jul 2015

Quantum's StorNext isn't storing up revenues fast enough

Quantum swung into loss-making territory with its latest quarterly results as reduced revenues couldn't cover existing costs. The StorNext ejector seat, as tape revenues crash and burn, maybe didn't operate fast enough. As its forewarning indicated, revenues in the quarter ending 30 June were down 13 per cent to $110.9m, from …
Chris Mellor, 03 Aug 2015
Scrooge McDuck

While AMD, Apple et al thrash around, chippery fat-cat TSMC is grinning all the way to the bank

Chip-baking industry heavyweight Taiwan Semiconductor Manufacturing Company (TSMC) emerged from another quarter of gangbusters year-on-year growth on Thursday, even as it reported flat revenue from the previous sequential quarter and it warned that the next quarter might be somewhat less spectacular. The firm – which fabs …
Neil McAllister, 17 Apr 2015
Unisys sets LinuxWorld alight

Unisys looks to ‘streamline’ as losses increase, sales fall

Losses at mainframe maker Unisys plunged deeper into the red in the company's first quarter of 2015, falling a further $10 million (£6.6 million) to $27.4 million (£18.1 million). First-quarter 2015 sales fell 5 per cent to $721 million (£476 million), when compared with the previous year. The company hopes to makes savings of …
Kat Hall, 24 Apr 2015