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Articles about First Quarter

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
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

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
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
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

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

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
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
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
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
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
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
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

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
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

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 …
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
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
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 …

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
A United Launch Alliance Atlas V rocket prepared fro launch in 2002. Pic: United Launch Alliance

Chip titan Micron shows off Elpida-fattened bottom line

US semiconductor chipper Micron has boosted its memory and flash business revenues with its purchase of Rexchip and Elpida, announcing record fourth quarter and fiscal 2014 year revenues. Fourth quarter revenues were $4.23bn, six per cent more than the previous quarter and, the Elpida boost kicking in, 49 per cent higher than …
Chris Mellor, 29 Sep 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
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

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

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
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
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 …
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

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

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

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