Articles about Product Revenues


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
Beached whale

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 numbers …
Chris Mellor, 09 May 2014
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

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 …
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

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 a …
Handing over dollars picture via Shutterstock

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

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
£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. Crossroads …
Chris Mellor, 12 Jun 2015
channel torpedoes Computacenter product revs

Reseller giant Computacenter has declared a "satisfactory" start to he year, even as the UK government's austerity drive pulled helped drag down group revenues growth to 2 per cent. Overall performance for the year should be in line with management expectations the mega dealer said. Group product revenue was flat on the year, …
Joe Fay, 20 Apr 2011
fingers pointing at man

EMC revenues explode in Q2

EMC second quarter 2011 results are extremely good with record-breaking, double-digit growth all over the place, and only the Information Intelligence stuff down in the dumps. Second quarter (Q2) revenues were $4.85bn, 20 per cent higher than Q2 2010's $4.02bn. Net income rose to $546.5m, up a stonking 28 per cent on the $426m …
Chris Mellor, 20 Jul 2011

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
LSI WarpDrive SSD

Wall Street gives LSI 16% fist-bump for quadrupling flash revenues

Integrated circuits and storage systems biz LSI scored $622m in revenues in its second 2012 quarter, 26 per cent higher than a year ago and 6 per cent higher than the first quarter after "better-than-expected growth". Profits were $59m, 11 per cent up on the year-ago profit number but $16m less than the first quarter. But the …
Chris Mellor, 27 Jul 2012

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
Brazil flag

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
SGI logo hardware close-up

Cray revenues spike on XE6, XK6 super sales

If you were wondering why Cray has sold off its supercomputer interconnect to chip giant Intel for $140m, a close look at the company's first quarter financial results will give you a clue. In the quarter ended in March, Cray's sales were up like a rocket as a number of large supercomputer deals, some of which had slipped from …

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

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 a …
Paul Kunert, 14 May 2014

Have Dell's EMC storage revenues been falling?

Comment Dell seems to have recorded an annual decline in sales of its EMC CLARiiON-sourced storage, according to its latest quarterly results. The company has just announced its first fiscal 2011 quarter results, and overall storage revenues were $554m, up 3.7 per cent year-on-year, and down 7.5 per cent compared to the previous quarter …
Chris Mellor, 26 May 2010

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
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
imation flash wristband usb storage

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 Dec …
Chris Mellor, 11 Feb 2014
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
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

Computacenter grows revenues as profits fall

Computacenter pre-tax profits are down slightly for 2008 but revenues grew 7.6 per cent to £2.56bn. For the year ended 31 December 2008 Computacenter saw profit before tax fall 6 per cent to £39.5m. Chief executive Mike Norris said it was impossible to draw many conclusions for the year ahead until the company had completed its …
John Oates, 10 Mar 2009

F5 Q4 revenues up, income down

F5 sold more gear in fiscal 2008 but earned less profit than last year. The enterprise networking and storage firm was held back by a late inability to ship product. Despite this it has pulled its Acopia file virtualisation business out of the mire caused by a collapse in sales to the financial sector. F5 sells application …
Chris Mellor, 11 Nov 2008

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

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 in …
Chris Mellor, 01 Nov 2013

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
The Register breaking news

Symantec secures profit rise as revenues fall

The good ship Symantec has adjusted to the recession and is making 19 per cent more profit despite three per cent lower revenue. For its second 2010 quarter revenues were $1.47bn; they were $1.52bn a year ago, while net income was $150m, compared to $126m previously. The $24m profit increase was down mostly to cost-cutting. …
Chris Mellor, 29 Oct 2009

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 …

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
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 …

Bleeding storage firm Overland: OK, we're losers, but so are our rivals

Is Overland toast? Its latest results are dreadful - again - with revenues down and losses up, yet management talks about operating profitability being gained by July 2013. Is it nuts? CEO and president Eric Kelly said: "Our lower than expected total revenue is largely due to the difficult macroeconomic environment in Europe and …
Chris Mellor, 18 Nov 2012
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
The Register breaking news

Falling prices hit Computacenter revenues

Hardware sales volumes are holding steady at Computacenter, Europe's biggest reseller. But product revenues have been hit by falling hardware prices, coupled with the declining US dollar, the firm said yesterday in a pre-close trading update. Service revenues have "grown steadily across our geographies, particularly in the UK …
Drew Cullen, 14 Jan 2004

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

Storage top dog EMC shows off swollen Q2 profits

Networked storage appears to have given EMC a boost, after the storage giant declared another solid set of results, with revenues and profit in its second 2012 quarter increasing on both an annual and a sequential basis. There was no visible sign of any wider economic issues restricting the company's performance. Revenues were $ …
Chris Mellor, 24 Jul 2012

Cisco cuts costs, boosts profits faster than sales

After a number of other big IT players stumbled in the third calendar quarter, Wall Street was braced for a possible slowdown at networking giant and now converged-system supplier Cisco Systems. It seems that all that muscle tightening was for naught, because Cisco was able to do better than expected in the quarter ended in …
The Register breaking news

No solace in view for Quantum

Analysis Is Quantum going to surprise us all and not have a fourth quarter drop in revenues after climbing out of a trough since its fiscal 2013 year started? Are we going to see the same old, same old pattern or are Gacek's gang going to break out of the box they are in? Quantum sells disk and tape data protection gear, data management …
Chris Mellor, 04 Feb 2013

HP storage unit battered as buyers dodge EVA, tape

HP's storage results sank 5 per cent year-on-year in its latest quarter due to declining EVA array and tape product revenues. CFO Cathy Lesjak said in the earnings call: "In Storage, the continued strong performance of 3PAR with more than 60 per cent growth and StoreOnce with double-digit growth did not offset the decline in EVA …
Chris Mellor, 24 Aug 2012
Hadoop in the enterprise

Teradata customers plead: 'Stop, we can't buy any more stuff!'

Data warehousing pioneer Teradata has grown in leaps and bounds during the past two and a half years. However the database biz took a little pause for breath in the third quarter of 2012, causing it to come up at the low end of its guidance range for revenues and profits - and coming in shy of Wall Street's expectations. In the …

Quantum shares plunge after results

Revenues for the third quarter of fy2012 were $173m, 2 per cent down on the $176m of a year ago. Net income was $3.94m, down from the $5.8m recorded a year ago. These earnings exceeded the Street's expectations so why did investors decide to sell the shares? It could be the decline in both revenues and profits. Why did this …
Chris Mellor, 27 Jan 2012

Tucci to hang around another year as EMC earnings soar

EMC recorded record revenues and profits for the full year and final quarter of 2011, although Information Intelligence results didn't look so clever. The company sold a massive $20bn worth of products and services last year, an 18 per cent jump on 2010. It earned $2.5bn profit which, to put it in context, is a good deal more …
Chris Mellor, 25 Jan 2012

Computacenter product business stages comeback

Computacenter has managed to tighten its belt a couple of notches and turn its infrastructure business into its headline feature - for the right reasons. The firm's preliminary results to the year ended 31 December 2006 boast a "strong performance" for its Technology Solutions division. These "compensated for slower growth" in …
Mark Ballard, 13 Mar 2007
SGI Ice Cube Dual Row Container

Red ink deeper at SGI as sales shrink

Jorge Titinger, who was tapped to be the CEO at server and supercomputer maker Silicon Graphics back in February, has his work cut out for him amind slowing sales and mounting losses. It is a situation that many CEOs at SGI (and at rival Cray) have found themselves in time and time again. But SGI is now in a new fiscal year and …
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 …

SGI losses widen, but revenue bumps up

Hyperscale server and supercomputer maker Silicon Graphics is still chewing through a pile of ICE X cluster low-margin deals – what company top brass call LMDs, a weapon of profit destruction that their predecessors allowed – which whacked profits in the quarter ended in September. That September quarter is the first quarter of …