Articles about Profit

sap security vulnerabilities

SAP’s cloudy future prompts a dip in profit forecast

German software giant SAP has cut its profit margin forecast for 2017, as its cloud offering is set to take off and dent the company's (still-bulging) pockets. According to its results today, Tuesday, by 2017 operating profit will be around €6.3bn-€7bn (£4.8bn-£5.3bn) on revenue of €21bn-€22bn (£16bn-£17bn). This is down from …
Kat Hall, 20 Jan 2015
NUtanix logoi

Non-profit or charity? Win a data centre makeover from Nutanix

Promo Nutanix, possibly the world’s biggest startup, is offering $500,000 in data centre infrastructure to a non-profit or charity. Anyone can nominate their favourite worthy cause for a Web-scale Wish. But get a move on as nominations close this week! A non-profit organisation chosen by the IT community will receive a 48-hour web- …
David Gordon, 20 Nov 2014
Emulex_results_Q2fy156

What's that, Emulex? A profit? Just over the horizon?

Emulex CEO Jeff Benck unveiled a ray of sunshine with surprisingly good preliminary revenues for its latest quarter. The company ships Fibre Channel HBAs and Ethernet connectivity products and is locked in combat with QLogic in the HBA and converged network adapter markets. Emulex is expecting $110m to $111m in revenues for its …
Chris Mellor, 20 Jan 2015

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

Mega-firm Carphone Dixons toasts £375m profit forecast

Dixons Carphone Warehouse has raised its profit expectation for its first financial year 2014/15 to £355m-£375m, following a bumper Christmas trading period. The firm owns Currys, PC World and Carphone Warehouse and was formed by of a £3.7bn merger between Dixons Retail and Carphone Warehouse in May last year. In the nine weeks …
Kat Hall, 21 Jan 2015

Lenovo still ‘not satisfied’ despite MEGA PROFIT rise

PC giant Lenovo continued its (slow) march toward world domination in the second quarter, as profits climbed a very healthy 19 per cent to $262m and revenue rose seven per cent to $10.5bn, compared with the same period last year. The Chinese computer tech company shipped a record amount of kit for the three months to September, …
Kat Hall, 06 Nov 2014

Profit-shy Instagram adds 5 new filters for hipster-photo types

Instagram has added five more filters to the Facebook-owned, profit-shy photo app. Unsurprisingly, the names of the new filters will appeal to bearded hipster types around the planet who want their facial hair to be tinged with an autumnal hue to, y'know, make them look even edgier when gurning at friends in moronic selfies …
Kelly Fiveash, 17 Dec 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 a …
Paul Kunert, 14 May 2014
Prison window

Ha ha, fooled you! Shares tumble over G4S fake website profit warning

False rumours of a profit alert and executive dismissals put the skids under G4S shares on Wednesday. A bogus statement was emailed to journalists falsely stating that the security service firm had discovered accounting errors. The false warning (suggesting G4S profits would be restated) was sent out in an email containing a …
John Leyden, 13 Nov 2014
Japan Display's 5.5-inch, 2,560-by-1,440-pixel, 538-ppi display

Top mobe panel maker Japan Display slashes profit forecast

The world’s biggest smartphone-and-tablet screen-maker Japan Display has seen its share price tumble to record lows after it was forced to cut profit estimates for the year by nearly 11 per cent. The LCD joint venture - which comprises the display units from Sony, Hitachi and Toshiba – said in a note on Monday that it was …
Phil Muncaster, 29 Apr 2014

High-end SAN peddler Dot Hill delivers profit – market says 'meh'

Three consecutive quarters of profit and a full year profit after seven years of losses: Dot Hill is looking good and CEO Dana Kammersgard can breathe more easily. Fourth quarter 2013 revenues were $58.8m, up sequentially from the prior quarter's $52.6m and even more than the year-ago quarter's $44.1m; it's up 29 per cent, in …
Chris Mellor, 07 Mar 2014

You can put away the microscope – you can see Acer's profit from HERE (for a change)

Red ink was again conspicuously absent from Taiwanese device slinger Acer’s second quarter numbers, despite continued sale slippage. The biz turned in a net profit of NT$486m (£9.6m, $16.1m) for the calendar quarter versus a net loss of NT$343m (£6.77m, $11.3m) a year ago when it had stumped up for rising DRAM prices and …
Paul Kunert, 08 Aug 2014

Serco issues shares to plug finance gap after profit warning

Serco is looking to plug the gap in its finances from weaker-than-expected results via a share placement estimated to haul in £100m worth of filthy lucre. This follows yesterday's latest profit warning and confirmation that long-standing CFO Andrew Jenner is to quit after 17 years of counting beans, once a successor is found …
Paul Kunert, 01 May 2014
Marc Andreessen

Bubble 2.0? Moneybags VC Andreessen warns profit-free startups: 'You will be VAPORIZED'

When it comes to the internet age, Marc Andreessen was in there right from the start. Now, when he talks, people listen. So when the geek-turned-venture-capitalist today warned there'll soon be a bloodbath unless startups start making bank, we imagine there were a few spilled soy lattes in the Valley. Andreessen took to Twitter …
Iain Thomson, 26 Sep 2014

Are CSC's mega-costly NHS contracts finally turning a profit?

CSC's troubled billion-pound NHS contracts finally appear to be turning around, chief executive Mike Lawrie revealed in a conference call. However, it is unlikely the firm will ever recoup its money from the defunct systems, which have cost the company close to £2bn. In a conference call for CSC's second quarter earnings Mike …
Kat Hall, 11 Nov 2014
Sky_3d_football

BSkyB sees first half pre-tax profit tumble as sales climb

BT's intense campaign to draw more eyeballs away from BSkyB failed to hit the pay-TV company's revenues during the first six months of its financial year. But, while BSkyB - which is around 39 per cent owned by Rupert Murdoch - drove sales up more than 6 per cent to £3.7bn for the period ended 31 December, it did report a …
Kelly Fiveash, 30 Jan 2014

Acer fairly sure it made a profit in Q1. Assuming it got the office tea-bag account right

Ailing Acer has told us "transformation plans" are on track despite generating a profit after tax of just NT$1m - or £19,600 - in the first calendar quarter of 2014. This titchy cash haul would cover a small bunch of non-golden parachutes for execs that want to bale: or equates to a £2.80 handout for each employee in the company …
Paul Kunert, 08 May 2014

BSkyB profit knocked by BT footie struggle and O2 broadband costs

BSkyB has felt the pinch from huge operating costs as it continues to battle with its pay-TV archrival BT and absorbs the buyout of O2's consumer broadband network. The giant media firm reported a jump in total revenue of £1.84bn for its first quarter this morning - up 7 per cent from £1.71bn in the same quarter a year ago. It …
Kelly Fiveash, 17 Oct 2013
An Amazon Coin

Amazon reports rare profit and is punished by Wall Street

E-retail bellwether Amazon badly missed Wall Street expectations on Thursday, causing its shares to fall – even though it reported a healthy profit. The e-retail giant reported earnings per share of $0.51 and net sales of $25.59bn for its fourth quarter of 2013 on Thursday, missing Wall Street estimates of $0.66 and $26.06bn by …
Jack Clark, 31 Jan 2014

Nokia STORMS back into profit, FREE from phones and Windows

Nokia reported solid results on Thursday even after giving long-suffering shareholders a dividend and taking the hit of a one-time charge. Profits (non-International Financial Reporting Standards*) rose to €353m on earnings of €3.3bn, up from €2.9bn a year ago. With the Windows Phone albatross thrown to a reluctant new owner, …
Andrew Orlowski, 23 Oct 2014
NetSuite CEO Zach Nelson

Sorry about that profit, says NetSuite, our costs should be higher

NetSuite CEO Zach Nelson has attributed last week's estimates-busting results are partly due to enthusiasm for cloudy software, but also partly due to difficulties finding people to hire. The company hauled in US$143.7 million for the quarter, a small matter of 34 per cent more than the corresponding quarter in 2013. But the …
Simon Sharwood, 28 Oct 2014
Samsung Galaxy Gear

Samsung's at it AGAIN: SHATTERING profit records, that is

Samsung Electronics has pushed profits to yet another record, jumping 26 per cent in the third quarter, but had to rely on recovery in the chip market to do it. The Korean chaebol has had a string of strong quarters as its Galaxy mobes powered to the top of the Android table and it joined Apple at the head of the smartphone …

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

Samsung didn't break quarterly profit record, consoles itself with $7.7bn

Samsung Electronics said today that it won't be posting record quarterly earnings for the first time since 2011 when it announces profit for January to March this year. The Korean chaebol said that it estimates an operating profit of about 8.7 trillion won ($7.7bn) for the first quarter of 2013 on sales of around 52 trillion won …

Really, govt tech profit cash grab is a PRIZE-WINNING idea?

Worstall on Wednesday So, that favourite of mine and of Andrew Orlowski, Mariana Mazzucato, has been awarded a prize by the New Statesman in the field of political economy. Given that her message is that government should be getting more of the pie, that's the sort of political economy you would expect the magazine to like. However, I find there's a …
Tim Worstall, 31 Dec 2014
John Chambers at the World Economic Forum 2010

Profit healthy, sales up, 4,000 staff face axe. Cisco CEO, here's your pay doubled to $21m

Cisco chief exec John Chambers has received a whopping pat on the back from the networking giant with a pay rise of nearly 100 per cent. According to a regulatory filing, the biz supremo saw his total annual compensation almost double to a massive $21.05m (£12.9m) in the financial year that ended on July 27, up from a measly $11 …

Profit-free Box trousers $150m in funding. So much for an April IPO

Loss-making enterprise startup darling Box.com has swallowed another $150m in venture funding. The cloud collaboration announced the funding Monday as part of a deal that reportedly boosts the company’s value from $2bn to $2.4bn. The shot of private equity comes despite the company’s plan, announced in March, to go public with …
Gavin Clarke, 08 Jul 2014

Android mobes outsell iPhones, but Apple gets MORE PROFIT THAN ALL

Apple rakes in more profits from its iPhones than all Android phones combined, despite the fact that Android phones command an 81 per cent market share to Cupertino's 12.1 per cent. Earlier this week, IDC reported that Android was used in four out of five smartphones shipped during the third quarter of this year, with Apple, …
Rik Myslewski, 16 Nov 2013

Hey, Acer: Is that a rounding error, or did you actually make a profit?

Only a foreign exchange tailwind and stock disposal helped ailing Acer return to profit for calendar Q1 of 2013. The Taiwanese firm booked sales of NT$91.9bn (£2bn) during the period, down more than 18 per cent year-on-year. This was "in line with the original shipment outlook", Acer said in a statement accompanying the numbers …
Paul Kunert, 07 May 2013
wall_street

Citrix share price tumbles on profit warning

Citrix issued a profit warning last night when rolling out preliminary financial data for calendar Q2, sending its share price crashing by 12 per cent. The mobility, desktop and virtualisation vendor said earnings per share (EPS) were estimated to be in the $0.39 to $0.40 cent range, compared to its previous guidance of $0.41 to …
Paul Kunert, 10 Oct 2013
Angry woman on mobile

AT&T to fork out less than two days' profit in bogus bill charge flap

AT&T has been ordered to cough up $105m by US trade watchdog the FTC after allowing miscreants to whack bogus charges on Americans' cellphone bills. The commission said the telco giant would be on the hook for $80m in refunds to customers, and an additional $25m in fines and penalties to settle claims that it allowed third …
Shaun Nichols, 08 Oct 2014
The Register breaking news

Nokia: OK, Q1 has been weak, but there's 'underlying' profit

Nokia warned of a weaker first quarter last year and duly delivered. Sales were €5.85bn in Q1 2013 with an operating loss of €150m. Net phone sales were down 32 per cent year on year, with 6.1 million smartphones shifted in the first three months of the year, of which 5.6 million were Lumia Windows phones. In Q4 Nokia shifted …
Andrew Orlowski, 18 Apr 2013
The Register breaking news

PEAK SAMSUNG? Shares slide ahead of BEELLLIONS in profit

Shares in Samsung Electronics continued to slide today after the chaebol's latest estimated earnings failed to impress investors on Friday. Although Sammy's flagship subsidiary - which makes tellies, chips, phones and more - is once again expecting record-breaking quarterly results, its projected £5.4bn ($8bn) operating profit …
BT Openreach van

BT's new boss reports flat sales and pre-tax profit tumble

BT's freshly installed chief executive Gavin Patterson told the City today that revenue had edged up to £4.49bn, while profit before tax fell 10 per cent to £499m during the company's second quarter. In a cautious-sounding statement, Patterson said that the three months ended 30 September had produced "good results" for BT. He …
Kelly Fiveash, 31 Oct 2013

Apple coughs up 7 hours of profit to refund kids' $32.5m app spend spree

American parents whose children ran up huge bills from in-app purchases on Apple devices will be refunded $32.5m by the Cupertino titan. The settlement was brokered by the US Federal Trade Commission (FTC) after youngsters were able to buy heaps of useless stuff in software – such as power-ups in games – without their guardians …
Shaun Nichols, 15 Jan 2014

Amazon's profit-eating machine revs into overdrive

Shares in e-retailer Amazon inched down over 2 per cent in after-hours trading after the company reported a net loss in its second quarter and forecast problems in its third quarter, currently underway. Amazon's great profit-eating machine was on full display on Wednesday, when the mega e-tailer's vast revenues failed to stop it …
Jack Clark, 25 Jul 2013

Micron posts first quarterly profit for two YEARS

Hip hip hooray! Flash and memory fab operator Micron has made a quarterly profit, its first for eight quarters. Micron saw revenues of $2.3bn in its third fiscal 2013 quarter, ended 30 May 2013. This was agreeably larger than the previous quarter's $2.1bn and also the year-ago quarter's $2.2bn. Last quarter it made a loss of $ …
Chris Mellor, 20 Jun 2013

Cost-cutting pays off for Symantec as profit lifts

+Comment Software security, data management and protection behemoth Symantec has cashed in on hacking fears with an upswing in product sales, giving itself a revenue and profits lift. Revenues for its first fiscal 2015 quarter, which finished on 4 July, were $1.74bn, up a mere 1.5 per cent on a year ago, and a more flattering 6.4 per …
Chris Mellor, 07 Aug 2014
box_shifting_channel

Software Box banks double-digit profit spike in fiscal 2012

Microsoft Large Account Reseller Software Box Ltd (SBL) tucked away an improved set of financials in fiscal 2012 with profits pumping out comparatively healthy double digits. The York-based purveyor of hard and soft tech saw sales rise 4 per cent to £87.9m, operating profit jump 25 per cent to £2.2m and net profit climb 31 per …
Paul Kunert, 18 Jan 2013

Grow, grow, Grohe, you gloat. Well done that sales team. Merrily, merrily, merrily, merrily, profit is just a dream

Blink and you’ll miss it: Barracuda made a microscopic loss of $36,000 in its latest quarter. That's just 0.1 per cent of its $70.4m revenues. This is a company growing sales by 17 to 20 per cent in each quarter compared to the year before – nothing dramatic but more than respectable. Barracuda Networks sells data protection and …
Chris Mellor, 14 Jan 2015
hands waving dollar bills in the air

Facebook haters, look away now: BABY SNAP site's profit is up 138%

Facebook shares have rocketed after the social network biz reported record-setting growth, revenue and margins as it wrung cash from hundreds of millions of mobile users. The Menlo Park ads website reported second-quarter revenues of $2.910bn on Wednesday, beating the $2.81bn Wall Street analysts had been expecting, and up 61 …
Jack Clark, 23 Jul 2014

Tech distie Tech Data tears up last THREE years of profit numbers

IT distribution giant Tech Data has ripped up its financial results for the last three years after discovering errors in its UK subsidiary's accounts. The company revealed this morning it will recalculate the figures and publish new reports as a result of uncovering mistakes in "vendor accounting" by its Brit biz Computer 2000 …
Paul Kunert, 22 Mar 2013
chart

Peak Samsung: Bottom line walloped in Chinese mobe, slab war

Cheap slabs and smartphones from Chinese brands are taking a toll on the once seemingly unstoppable tech sales machine Samsung Electronics as it forecast a year-on-year crash in Q4 profit. The chaebol warned in a preliminary earnings guidance message that operating profit will be more than 37 per cent lighter on the same period …
Paul Kunert, 08 Jan 2015
Apple iPod Touch 5G

Apple declares war on PAYPAL: Pay-by-bonk + iTunes = profit, right?

Apple is planning to take on Paypal with its own mobile payment system, it has been claimed. According to a report in the Wall Street Journal, Eddy Cue, the man in charge of iTunes and the App Store, has been meeting with industry bigwigs to discuss using iDevices to handle payments for goods or service. It is understood that …
Jasper Hamill, 27 Jan 2014
The Register breaking news

Sony flogs off more assets in scramble for full-year profit

Sony is selling off nearly 10,000 shares in medical market research firm M3 as part of its business overhaul. The Japanese firm, suffering from competition on a number of fronts and feeling the effects of the sad economical state of Europe, has been selling off bits and pieces and rejigging others to streamline its business and …
The Register breaking news

Groupon pops corks: Happy CEO, sales and shares up, profit... oh

Groupon has named co-founder Eric Lefkofsky as the next chief exec at the same time as announcing better-than-expected revenues in this year's second quarter, sending shares shooting up 25 per cent. This is despite making a $7.6m loss during those three months, whereas it made a profit of $28.4m the same period last year. The …

Apple to maintain phone profit lead through years of 'enormous transition' – report

Some observers have said that the high-profit party is over for Apple's iPhone now that the global smartphone market is becoming saturated, but the market researchers at IDC would beg to disagree. IDC projections of smartphone average selling prices through 2018 – graph There are low-cost Android phones and expensive ones – but …
Rik Myslewski, 28 Feb 2014
The Register breaking news

eBay's festive sales soar, but what's this? Profit DOWN 62%?

eBay not only made a wad of dosh over the festive period but it also scooped up loads more mobe-toting shoppers to boot. The online tat bazaar today boasted that 4,300,000 people signed up for new accounts using their smartphones during 2012. The website's CEO John Donahoe said these mobile shoppers are driving his firm's …
Pigeon crapping on statue

BT's not at home to Mr Profit, but its lordly boss probably isn't too fussed

The past few weeks over at BT Towers have been busy, fraught and disruptive. But there was no ray of sunshine in the telecom giant's latest financial results out today. The company reported flat revenue growth and a significant decline in pre-tax profit this morning for the quarter that ended on 30 June. It pulled in total …
Kelly Fiveash, 25 Jul 2013

Datatec sets off profit drop klaxon as Westcon sales slip

South Africa-based channel powerhouse Datatec issued a sales and profit warning this morning after revealing weaker than expected trade in its distribution wing Westcon. The group, which also owns UK-headquartered integrator Logicalis, said revenues are now estimated to be roughly $5.4bn for fiscal 2013, ending 28 February, …
Paul Kunert, 16 Jan 2013