Articles about Product Revenues

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Nimble: Thank flash for sweet, sweet AFA

Analysis A considered look at Nimble Storage's latest quarterly results show that its all-flash array (AFA) sales are rising but hybrid product sales are falling, suggesting some cannibalisation is going on. We need to provide a few numbers to show this, and the ones for the recent quarter come from Nimble's shareholder letter (PDF). …
Chris Mellor, 24 Nov 2016

NCC stirs in 'lumpy' bits of Fox, produces sales gravy. But market still chokes

UK-based infosec outfit NCC Group has weathered a tricky summer period that involved some contract deferrals and cancellations while still managing to post a profit. Group revenues for the four month till the end of September increased £79.6m compared to £58.5m in the same June to September period last year. The increased …
John Leyden, 20 Oct 2016
Oracle OpenWorld cloud

Oracle's feeling pretty SaaS-tisfied with itself

Oracle has seen its revenues return to growth as the enterprise computing giant continues its migration away from on-premises systems. The database kingpin once again talked up the growth in its SaaS and PaaS businesses, while hardware and on-premises software continued to decline. This as Oracle is just days away from its …
Shaun Nichols, 15 Sep 2016
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'Disciplined' NetApp cuts weight, turns in a prettier spreadsheet

NetApp revenues dropped 3.7 per cent year-on-year to $1.29bn for its first fiscal 2017 quarter, ended July 29, but it turned a year-ago loss of $30m into a $64m profit as it reined in expenses. CEO George Kurian referred to this in his prepared quote: "We are pleased with our first quarter results. Our focus on disciplined …
Chris Mellor, 18 Aug 2016
A skull atop money

Cisco rewards massive profit jump with thousands of layoffs

Cisco is reporting record financial numbers on the same day it says it will cut 5,500 employees from its payroll. Switchzilla says that the move is part of its ongoing campaign to shift its focus from slinging networking hardware to providing software and services for enterprises moving to software-defined networks (SDN). CEO …
Shaun Nichols, 17 Aug 2016
Are you being served?

Intel's non-volatile memory is firmly in non-growth territory

Analysis Intel's non-volatile memory product revenues are diving as it converts to 3D NAND and waits for XPoint to deliver the goods. Intel’s second quarter 2016 flash revenues of $554m were down 20 per cent year-on-year and one per cent sequentially. Analyst haus Stifel Nicolaus' MD, Aaron Rakers, charted Intel’s quarterly flash …
Chris Mellor, 25 Jul 2016
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IDC rolls out all-flash crystal ball again and it's all gone a bit weird

IDC has issued all-flash array revenue numbers showing EMC is the belle of the AFA ball, with Pure fourth in the market, behind EMC, IBM and HPE, while NetApp and Huawei are wallflowers. The numbers more or less agree with Gartner’s all-flash array (AFA) supplier revenue shares published in April, but differ in detail. We …
Chris Mellor, 01 Jun 2016
Train wreck

The screeching of Violin Memory's parting strings is horrible

Another great quarter. Not. Violin Memory made a paltry $9.7m in revenue and posted a $22m loss for its first fiscal 2017 quarter. Revenues were down 20 per cent on the year-ago quarter and 11 per cent on the previous quarter, the fourth fiscal 2016 quarter, when revenues of $10.9m and losses of $25.5m were followed by lay- …
Chris Mellor, 27 May 2016
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NetApp posts $8m loss as its pivot continues. Feeling comfy, George?

In its fourth fiscal 2016 quarter NetApp revenues were $1.38bn instead of the $1.425bn predicted at the mid-point of its last forecast, and the company made an $8m loss – the second in George Kurian’s tenure as CEO. The revenues were down 10.4 per cent on a year ago and 0.4 per cent from the previous quarter. A year ago NetApp …
Chris Mellor, 26 May 2016
HBO: Game of Thrones

The Quantum of Solace: You've still got tape. Don't forget that

Quantum’s latest results show that scale-out storage is still not growing fast enough to outweigh declining tape storage revenues – and Quantum is still a shrinking business. Let’s do the annual numbers to show the big picture first. Revenues for the full fiscal 2016 year, ended 31 March, were $475.9m, down 14 per cent year- …
Chris Mellor, 11 May 2016
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EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016

Seagate revenue numbers rain on cloud after market misses

+Comment Seagate has issued an early warning that its third fy2016 quarter revenue will be off by $100m from its forecast of $2.7bn. The company expects to report revenue of approximately $2.6bn and non-GAAP gross margin of approximately 23 per cent, for the quarter which ended April 1 – no, this is not a late April Fool joke. The …
Chris Mellor, 15 Apr 2016
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Don't take this the wrong way, Pure Storage – are you the next NetApp?

Comment Back in 1992, NetApp was founded and competed with Auspex in the file storage array market. It overtook Auspex and grew and grew, entering the Fortune 500, becoming a storage platform company and a multi-billion dollar revenue corporation. No other startup has managed that feat since. Could Pure Storage be the first one to …
Chris Mellor, 16 Mar 2016

Oracle made slightly less money last quarter, and America is to blame

Oracle is blaming a strong dollar in cutting into its Q3 fiscal 2016 numbers. The enterprise giant reported [PDF] a three per cent decline in revenues and a 14 per cent drop in net income on the year-ago quarter, but said that when adjusted for constant currency, revenues would have been up one per cent and income down just …
Shaun Nichols, 15 Mar 2016

Looking behind HPE Storage's top-line revenue numbers

Analysis HPE’s traditional storage declined faster in the first 2016 quarter than the newer converged storage revenues rose. Hence the storage segment in HPE’s Enterprise Group was down three per cent year-on-year to $810mn, from $837m. It was also down sequentially, quarter-on-quarter, from $810m in the fourth 2015 quarter. In …
Chris Mellor, 07 Mar 2016

NetApp to chop 1,450 staffers from payroll, reveals revenue stumble

NetApp earned profits of $153m in its latest quarter, good, but revenues of only $1.39bn, bad; its mid-point estimate a quarter ago was $1.45bn, making it quite an undershoot. The $1.39bn in its third fiscal 2016 quarter, ended January 29, compares to $1,54bn a year ago, a 9.7 per cent fall, and $1.45bn in its second 2016 …
Chris Mellor, 18 Feb 2016

HP storage financials: Meh. Meg Whitman needs to make this right

+Comment HP, no HPE, storage's revenues are down again, continuing a longish slump and, with HP Inc (PCs and printers) now undocked from HPE (the rest), many are asking the question: "What next?" Within HP's* revenues for the fourth fiscal 2015 quarter, converged storage product revenues (3PAR, StoreOnce, and StoreAll) grew nine per …
Chris Mellor, 26 Nov 2015
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Brocade wrings profits from a steady-as-she-goes business

Analysis Brocade has jogged along nice and evenly for four years now, at around $2.25bn annual revenues with steadily rising profits, and its fiscal 2015 added a similar fifth year of pretty decent results. It saw $2.26bn in revenues and a $340m profit, while in full year 2014 it saw $2.21bn in revenues and a $238m profit, indicating …
Chris Mellor, 25 Nov 2015
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Careful, don't move. What's that? Yes, it's a glint of growth at EMC

EMC just managed to scratch out a one per cent annual revenue rise in its third calendar 2015 quarter's results, beating its own estimates. The quarter ended on 30 September and revenues of $6.08bn were a tiny amount up on the year-ago's $6.03bn and the second quarter's $6bn. Net income of $528m was down 16 per cent in the …
Chris Mellor, 21 Oct 2015

EMC traditional storage decline accelerating

Revenues for EMC’s traditional storage products are declining faster and faster as enterprises prefer converged/hyper-converged and cloud alternatives. Analysis of EMC’s preliminary third quarter results by Stifel MD Aaron Rakers shows accelerating year-on-year declines in EMC’s traditional storage products, including VMAX, …
Chris Mellor, 15 Oct 2015
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Steady she goes at Brocade

Sustained Fibre Channel revenues were the bedrock of Brocade's latest results - again. In its third 2015 quarter, ended August 1, Brocade reported revenue of $552 million, up one per cent year-over-year and on a sequential basis. Net income of $91.7 million represented a 5.4 per cent year-on-year and a 19 per cent bounce …
Chris Mellor, 21 Aug 2015
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HP storage results borked by bleeding currency rates

With its latest results, HP's third-quarter storage revenues went down 2 per cent on the annual compare, not being pulled up by industry standard servers' revenue which rose 8 per cent. But at constant currency – ignoring foreign exchange rate changes over the year – they rose 7 per cent. The Enterprise Group's revenues were $ …
Chris Mellor, 21 Aug 2015
fingers pointing at man

Pure and simple: Why Gartner's and IPOing storage biz's numbers didn't line up

Pure Storage’s S1 IPO filing said one thing about its 2014 revenues while a Gartner report said something a hundred million dollars different. Why? In more detail, Pure Storage’s S1 says revenues in the year to January 31, 2015, were $174 million. Gartner said in a Market Share Analysis: SSDs and Solid-State Arrays, Worldwide …
Chris Mellor, 13 Aug 2015
£10 notes. Pic: Howard Lake

Crossroads Systems takes wrong turn. Is it running out of cash?

Comment It isn’t pretty watching this. Poor beleaguered archival product vendor Crossroads Systems reported even worse results for its second quarter than its dire first quarter, as well as a diminishing cash balance. Crossroads_Q2cy2015 Crossroads Systems quarterly revenue and net income. Moving average trendlines added. …
Chris Mellor, 12 Jun 2015

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 …
The Black Knight, defeated

Merged Sphere 3D merrily continues Overland's loss trend

Sphere 3D, now replete with the fruits of its Overland Storage merger, has carried on Overland's history of declining revenues and constant losses. We thought we might have had to undergo a mental reset for a moment. Canadian application virtualisation software hawker Sphere 3D took over/merged with Overland recently and this …
Chris Mellor, 14 May 2015
Phoenix

Tale of the tape: A happy Easter present from Quantum

Quantum has announced excellent preliminary results for its fourth fiscal 2015 quarter, confounding expectations of a fourth-quarter revenue drop with a rise. Is its time in the tape trough of despond over? It looks like it could be. Revenues of $145 million were 15 per cent higher year on year and $10 million more than Quantum' …
Chris Mellor, 10 Apr 2015

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 …
Bloody Serial Killer Shower Curtain

For EMC, it’s all about the rack-scale flash

Comment EMC has two big engineering projects on the go, incorporating flash-based DSSD and virtual SAN ScaleIO, both looking to provide rack-scale storage. DSSD is an acquisition EMC made in May last year, and is working on a design using PCIe-accessed flash as the persistent storage tier. The idea is to have racks full of flash for …
Chris Mellor, 11 Feb 2015

Seagate’s EVault joins the backup providers swarm

+Comment Seagate has a new backup target appliance (BTA) that can shoot data to a private, public or partner cloud, as well as having 65TB of usable storage capacity. Why in a mature market are there so very many suppliers? It announced 50TB (3U) and 100TB (4U) EBA (Enterprise Backup and recovery Appliances) appliances last September and …
Chris Mellor, 10 Feb 2015
Larry Ellison on stage at the launch of Oracle's X5 engineered systems range

The firm that swallowed the Sun: Is Oracle happy as Larry with hardware and systems?

Oracle-Sun anniversary One Sun swallow doesn’t make a hardware summer, and while it certainly hasn’t for Oracle, it is far from being in a hardware winter for the firm. Oracle's gulp of Sun Microsystems on 27 January 2010 – five years ago today – has resulted in a generally flagging Sun hardware product business and the growing Engineered System …
Chris Mellor, 27 Jan 2015
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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

IDC Storage Tracker in Hitachi Data Systems number-fumble

IDC's latest Storage Tracker used the wrong HDS numbers and mis-represented the company's progress. We at the great El Reg wrote about the third-quarter tracker here and reported that Hitachi external storage revenues fell 9.4 per cent in the quarter, compared with a year ago. However, we now learn from HDS that: In the IDC …
Chris Mellor, 11 Dec 2014
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 …
Chris Mellor, 30 Oct 2014
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Logicalis: World Cup and IBM kit drop-off hit us hard in H1

Excitable Brazilian firms initiated a network spending freeze during the World that led to a $50m drop-off in kit sales for Logicalis, the integrator’s parent company Datatec said today. Turnover for the first half of fiscal 15 ended August came in seven per cent below the same period a year ago at $714.4m, which when coupled …
Paul Kunert, 15 Oct 2014

New 'Windows-8.1-with-Bing': How's it different from Windows 8.1?

A wave of cheap Windows 8.1 (with added Bing) devices will wash over the UK this summer but the distribution channel's finest aren't exactly rubbing their hands together in anticipation - quite the opposite really. Until Microsoft last week confirmed the plan to release a new licensing option, the UK PR team - which gets nods …
Paul Kunert, 30 May 2014

Datatec: turnover and profit went south in tough fiscal '14

Global tech goliath Datatec Group was left counting the cost of a botched ERP upgrade, margin chomping competition and legacy vendor claims at its distie wing Westcon in a year of declining profit. The South Africa-listed firm managed to push up revenues eight per cent to $5.69bn during fiscal '14 ended 28 February, helped by …
Paul Kunert, 14 May 2014
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Beached whale Symantec watches revenues recede 7%

Symantec’s latest results show that you can wring more profit out of declining revenues by slashing costs but its not enough to bring you back to growth. Revenues in its fourth fiscal quarter of 2014 ended 28 March were $1.63bn, seven per cent down year-on-year, but net profit jumped 14 per cent to $217m. The full year …
Chris Mellor, 09 May 2014
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Ending the profit fail: Imation FINALLY posts a positive quarter

Scalable storage outfit Imation has finally announced a profitable quarter after 15 loss-making quarter in a row. It's stemming the bleeding at last as its optical and tape media revenues spiral downwards. The newer businesses are beginning to grow fast enough to offset that. Revenues of $232.8m for the fourth quarter, ended …
Chris Mellor, 11 Feb 2014
Google Lenoir datacentre with Oracle tape libraries

The year when Google made TAPE cool again...

Year in Review Tape has pretty much been rescued over the past year by revelations that both Google and Amazon were using tape libraries for data archiving purposes.If these glamorous, bleeding edge online cloud service provider firms used boring old legacy tape then, hey, the stuff must still really be useful. It was a mixed picture though …
Chris Mellor, 29 Dec 2013

Mixed tape: Overland Storage buys Tandberg Data in CASH-FREE transaction

Struggling tape and disk storage vendor Overland Storage is buying recovering tape systems vendor Tandberg Storage for $42m in stock to help boost its revenues. Tandberg Data supplies tape and disk-based storage and data protection products to small and medium businesses. It has recently recovered from a bankruptcy experience …
Chris Mellor, 01 Nov 2013

It's that time again: Sources whisper about NetApp Quantum slurp

Comment A number of sources whisper to The Register that tape-maker and dedupe specialist Quantum is in negotiations over a sale – and they also say a well-known Sunnyvale storage supplier is fingering its wallet. Three Reg sources have said they've heard Quantum has a "for sale" sign around its neck. So, just as a thought experiment …
Chris Mellor, 09 Oct 2013
SpectraLogic T-Finity library

Squeezed budgets, data boom: We knew you'd be back for lovely TAPE

The last of the big independent tape library manufacturers, Spectra Logic, is defying predictions about tape's demise and posting ever-higher revenues. Against a background of a supposedly declining tape market, SpectraLogic revenues have grown 16 per cent year on year, helped considerably by top-of-the-range T-Finity sales. …
Chris Mellor, 02 Oct 2013

FalconStor struggles on as antsy backers whine 'C'mon, let's sell'

After losing its CEO a few weeks ago, standalone storage software shipper FalconStor has duly reported poor results. Since then it has got into bed with a new VC to shore up its balance sheet, ended an investment banking deal with Wells Fargo, and teamed up with Violin Memory to develop new products. The interim president and …
Chris Mellor, 13 Aug 2013
A blade server from the UV2 super

SGI backs away from public clouds, chases HPC and big data

Supercomputer and high-density server maker Silicon Graphics is still not back on track to profitability, but CEO Jorge Titinger says he knows what to do: Back away from the knife fight of providing infrastructure to public cloud providers and focus on commercial HPC systems, related big data systems, and the storage that sits …

Quantum loses senior sales veep to mystery upstart

It never rains but it pours; so it must seem for data protection biz Quantum, which has just lost its worldwide sales veep. Fortunately the previous sales head is stepping up to the plate once more. Ted Stinson was appointed to head up Quantum's sales function in June 2011, coming in from Symantec where he was VP for sales …
Chris Mellor, 11 Jul 2013

Cisco boosts sales and profits despite softness in switching and routing

Cisco Systems took a big bet more than four years ago when it jumped into the server market with its Unified Computing System blade and rack servers and started peddling converged Nexus switches at the same time. Those bets have paid off, and rising sales of these products are filling in the revenue gaps in the quarter ended in …
Vulture

Just what is Oracle going to plop out as its golden storage egg?

Analysis What's going on with Oracle storage? Besides tape, which seems to be doing fine, does the IT giant have a long-term, viable external storage array product line at all? Oracle's general hardware business is in decline. Witness the chart below showing quarterly overall sales including hardware product revenues; storage sales …
Chris Mellor, 02 Apr 2013
Image of 'smiley face' crater photographed by NASA's Messenger Mercury orbiter

Dell's PC biz craters as servers and networking chug along

If you want a proxy for what people think about the proposed $24.4bn buyout deal of Dell by company founder Michael Dell and private equity firm Silver Lake Partners, don't look at the company's stock price, look at its financial results for its fourth quarter. Wall Street is worried about what Dell is going to do with the PC …
Caution tape

Disk biz Overland bleeds more cash - bah, only a flesh wound!

Another quarter for Overland Storage, and another big loss as revenue slides year-on-year. The struggling tape and disk array vendor hopes its scale-out clustered NAS, branded the SnapScale, can turn its fortunes around - along with damages it'll possibly get from BDT and other tape biz if it wins a patent-infringement court …
Chris Mellor, 14 Feb 2013