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 …
Swallow

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
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
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

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
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 lowest …
Neil McAllister, 18 Sep 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

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
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
Flood

All the flash world needs is more TLC, suggests report

Triple-level cell (TLC) flash is heading towards being nearly half of all flash shipments. A report from DRAMeXchange says TLC NAND flash will account for nearly half of the total NAND flash output in the fourth 2015 quarter. DRAMeXchange_TLC_chart The report author, Sean Yang, says TLC NAND is shifting from memory card and …
Chris Mellor, 27 Mar 2015

Seagate belches, chomps down another greenback burger

Seagate’s second quarter revenues for 2015 rose 4.8 per cent over the year to $3.7bn while profits more than doubled to $933m, up from $428m a year ago. Last quarter’s revenues were higher, at $3.8bn, yet profits were $381m. This meant they made up just 10.1 per cent of its revenues compared to 25.2 per cent profit in the latest …
Chris Mellor, 26 Jan 2015
Barack Obama in the Oval Office

Revenues dip at CGI Group: It was Obamacare that did it

Revenue at Canadian outsourcer CGI Group dipped by four per cent in the first quarter of 2015 to $2.5bn (£1.7bn), compared with the same period in 2014. Meanwhile earnings rose by 24 per cent to $236m (£156m). CGI attributed its first-quarter revenue drop to a one-off spike from its Obamacare IT contract last year. The contract …
Kat Hall, 29 Jan 2015

Whose GPUs let it cruise to record revenues? Nvidia, that's who!

Nvidia performed better than expected for the fourth quarter of its fiscal 2015 and for the year, with strong graphics processor sales buoyed by its swiftly growing application processor business. The chipmaker reported fourth quarter earnings of $0.43 per diluted share on record revenues of $1.25bn, both of which beat Wall …
Neil McAllister, 12 Feb 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
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 …
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

PRE-SPLINTERED Symantec's Q2 revenue slips, net profit rises

Symantec has reported mixed second quarter results, with revenue down one per cent on the year, but net profit rising by the same amount. The company saw revenue of $1.62bn for its second fiscal 2015 quarter, compared with revenue of $1.64bn a year ago (a fall of one per cent), and $1.74bn in the previous quarter. Net profit of …
Chris Mellor, 06 Nov 2014
FabricCache from QLogic

QLogic: Healthy fibre boosted our bottom line

QLogic has reported second quarter revenues of $127.5m, up 7 per cent on the previous quarter, and 13 per cent on the year-ago period. The server storage and Ethernet interconnect business also reported flat year-on-year profits of $11m, but up a whacking 83 per cent from the first quarter. Second quarter growth was attributed …
Chris Mellor, 20 Oct 2014

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
sea_hp_sink

Sales of HP notebooks and servers are UP! And that's all the good news

HP kicked off its fiscal 2015 with a disappointing first quarter, reporting revenue and earnings both down for the three months ending on January 31, as compared to the year-ago period. Total revenues for the quarter were $26.84bn, a 4.7 per cent year-on-year decline that underperformed analysts' estimates. The firm's net …
Neil McAllister, 24 Feb 2015
Quantum_StorNext_Foundation_Pro

Shrinking tape, dedupe dumps... PAH! Just scale up scale-out – Quantum

StorNext scale-out storage is now a bigger business for Quantum than its deduplicating disk arrays. Quantum’s preliminary third fiscal 2015 quarter results show revenues below guidance at $142m but profits as predicted at $7m as it manages its shrinking tape automation business well. The OEM tape automation business shrank 31 …
Chris Mellor, 14 Jan 2015

Chip giant TSMC, flush with record sales, plans $16bn fab build-out

Taiwan Semiconductor Manufacturing Company (TSMC) reported sales for January 2015 that were the highest of any single month in its history, amid rising demand for silicon for graphics and mobile computing. TSMC said [PDF] on Tuesday that its net revenues for January hit $2.76bn in US dollars – a company record and a whopping 69. …
Neil McAllister, 11 Feb 2015
iPad Photos app

Hey, Apple! We can land a probe on a comet, but we can't have a 12.9in iPad 'until mid-2015'?

Apple has delayed plans to tout a fabled 12.9-inch iPad, if you are inclined to believe the latest round of speculation. Analyst house KGI Research (via AppleInsider) said the MaxiPad will be pushed back from the first quarter to the second quarter of 2015. It's claimed Apple's assembly lines and component suppliers have been …
Shaun Nichols, 13 Nov 2014
HP

HP gulps down Aruba Networks for $3bn

After a period of abstinence from mega buys, HP has dipped into its cash reserves to find $3bn (£2bn) for wireless infrastructure biz Aruba Networks. The deal will form a welcome plug to HP's sliding network biz, which fell 10.8 per cent to $562m (£365m) in the company's first quarter results last week. Aruba posted sales of $ …
Kat Hall, 02 Mar 2015
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
Bloodbath!

Pathetic PC sales just cost us a BILLION dollars, cries Intel

Intel has lowered its revenue forecast for the first quarter of its fiscal 2015 by nearly a billion dollars, citing a weaker than expected PC market. While previously the chipmaker had said it expected to bring in $13.7bn (£9.21bn) during Q1, plus or minus $500m, on Thursday it revised that estimate to $12.8bn (£8.6bn), plus or …
Neil McAllister, 12 Mar 2015

DRAM-firm-fattened flash bods double last year's profits

Memory/flash chip maker Micron, fattened with Japanese DRAM firm Elpida, has recorded record revenues of $4.57bn. Its first quarter of fiscal 2015 finished with a bang on December 4, 2014, delivering revenues 13 per cent higher than a year ago and eight per cent up on the fourth fiscal 2014 quarter. Profits of a round billion …
Chris Mellor, 07 Jan 2015
Hortonworks logo

Big data = big loss for Hadoop-flinger Hortonworks

If the future of big data is Hadoop, those peddling it still have a long journey ahead of the them. Newly IPO'd Hortonworks' inaugural results show a company whose losses are growing as its business expands. Further, it’s not subscriptions to Hortonworks’ implementation of the open-source Hadoop that are growing most – it is …
Gavin Clarke, 25 Feb 2015
Qualcomm

Qualcomm Snapdragon 810 CPU dumped from flagship smartphone

Qualcomm reported record revenues for the first quarter of its fiscal 2015 on Wednesday, but the mobile chipmaker warned investors that it's still struggling to make headway in the all-important China market. The San Diego, California company reported net income of $1.97bn for the three months ending on December 28, which beat …
Neil McAllister, 28 Jan 2015
Intel headquarters, Santa Clara

Medic! Intel can't stanch bleeding from mobile chip biz

Intel closed the book on a smashing first full year under CEO Brian Krzanich on Wednesday, reporting record revenues and earnings that beat analysts' estimates. But not every aspect of its business looked equally healthy, with mobile as the obvious trouble spot. Chipzilla pulled in $55.9bn in revenues during its fiscal 2014, a 6 …
Neil McAllister, 15 Jan 2015

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 …
Earth

'Data center OS' Mesophere plans 2015 hire and roadmap drive

When Mesosphere landed $36m VC funding in December 2014 it also released the first part of its Datacenter Operating System (DCOS). Mesosphere is now in the middle of a recruitment drive, looking to hit a headcount of between 100 and 150 by the end of 2015 – up from 52. Engineering and product development are the other priority …
Gavin Clarke, 04 Mar 2015
seagate 1in 12gb hdd

Disk drive BIGNESS is back: Seagate revenues and shipments surge

Growth has returned to the disk drive business if Seagate's latest quarterly results are anything to go by. The raw numbers paint the picture perfectly. First quarter fiscal 2015 revenues were $3.8bn, nine per cent up on an annual compare and 15 per cent higher than the previous quarter. Seagate shipped 59.5 million drives, up …
Chris Mellor, 27 Oct 2014
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

Intel's LAME DUCK mobile chips gobbled by CASH COW

Intel will combine its money-printing PC and loss-making mobile processor groups. Chipzilla is under mounting pressure from shareholders to deliver results in the mobile computing market, where the biz is a minnow compared to Brit rival ARM. Intel CEO Brian Krzanich let slip the news in an email to employees on Monday, according …
Neil McAllister, 18 Nov 2014

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
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
iPhone that fell from 13,500 feet (source: CNN)

iPhone sales set to PLUMMET: Bleak times ahead for Apple

Tech analyst Ming-Chi Kuo has predicted Apple will face a grim start to 2015 with iPhone sales plummeting by up to a third. Kuo, of analyst outfit KGI Securities, has predicted that iPhone sales will surge ahead of Christmas, reaching a height of a total of 71.5 million units for the fourth quarter. Yet after the Christmas …
Jasper Hamill, 24 Nov 2014
Satya Nadella

Microsoft: Cloud-o-bile still only small slice of softening revenue pie

Microsoft reported revenues that beat estimates for Q1 of fiscal 2015, boosted by strong growth in cloud and mobility. But its solid-looking numbers belied ongoing softness in its traditional core markets. Total revenues for the three months ending on September 30 were $23.20bn, a 25 per cent year-on-year increase but flat from …
Neil McAllister, 23 Oct 2014