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Telstra CEO Andy Penn promises $3 BEEELLION to end The Big TITSUP

How much does it take to fix an ailing carrier network? Three billion is the latest guess, according to a just-issued results announcement by Australia's dominant telco Telstra. The carrier must almost yearn for a simpler time, when it could promise a mere AU$50 million to set things straight after 2016's first round of TITSUP …
Chips

'Soft' market will make Imagination's profits droop, warns firm

British chipmaking biz Imagination Technologies has posted a profit warning for its next financial quarter, blaming "softness" in the chip market. "The semiconductor sector in general had a weak June quarter but the industry expectation is for this to improve in the second half of the year," it said in its interim update for …
Kat Hall, 16 Sep 2015

Red-stained Opera wants someone to hug it and whisper: 'No more pain, no more tears'

Opera Software has announced a 45 per cent revenue boost for its second quarter of financial year 2015 while hinting at a possible buyout, but didn't draw much attention to its $3m losses. Chairman Sverre Munck said on Wednesday that “the board has seen an interest in different alliances and cooperations with Opera over the …
Jennifer Baker, 12 Aug 2015
empty_box

Not Boxing clever: non-paying customers still hold sway

File sharer Box’s burst into profitability is still being delayed (for quarter after quarter) by its massive, heavy boat anchor of pay-nothing customers. First-quarter revenues rose 45 per cent from a year ago to $65.6m, beating Wall Street estimates, while the net loss deepened 23 per cent from a year ago to $47.3m. Revenue …
Chris Mellor, 12 Jun 2015

Seagate's third quarter results looking lacklustre as profits tumble

Seagate has reported year-on-year declines in third-quarter revenue and profit, as notebook enhancements went unnoticed. Third fiscal 2015 quarter revenues were $3.3bn, 3 per cent down on the $3.4bn recorded a year ago and 11 per cent lower than the second full-year 2015 quarter's $3.7bn. Profits were $291m, 26 per cent down …
Chris Mellor, 20 Apr 2015
Huawei HQ

Huawei bellows big revenue jump thanks to brisk 2014 phone sales

Huawei – which was backed by Britain last week despite repeated claims that the Chinese company's network kit could endanger national security – saw a 33 per cent leap in net profit for 2014. The privately held, employee-owned telecoms giant reported its full-year results this morning, when the firm's rotating CEO Ken Hu …
Kelly Fiveash, 31 Mar 2015
hands waving dollar bills in the air

Managed services biz Claranet adds £107m to war chest

Acquisition-hungry European managed services provider Claranet has drummed up £107m in a refinancing deal. Charles Nasser, Claranet Group founder and CEO, said: “Our financing now extends to 2020 and achieves greater flexibility for us as we plan for further growth and the development of our products and services." He added …
Kat Hall, 31 Mar 2015
Red Hat

Wall Street tips fedora to Red Hat: Sales up, profit flat, everybody dance

Red Hat's shares are on the up after the Linux distro maker beat Wall Street's expectations in its fourth financial quarter, ended February 28. The North Carolina biz reported revenues up 16 per cent during the three-month period, compared to the same period the year before, and up 17 per cent for the whole year, even …
Iain Thomson, 26 Mar 2015

Ingram Micro: Damn you Europe for our ghastly margins

Weaker margins in Europe due to forex losses and cut-throat retail pricing was the only major blip in an otherwise decent end to the calendar 2014 for Ingram Micro. It was not a vintage year though. Sales in Q4 bounced 18 per cent to $13.95bn: Technology and Other Solutions grew ten per cent to $11.2bn and Mobility shot up 60 …
Paul Kunert, 27 Feb 2015

RM has been schooled: Sales fell by over £69m in fiscal 2014

The downward pressure on school budgets, the shuttering of the PC production line and the shift from reselling hardware sucked almost £70m in sales out of education supplier RM last year. The company reported turnover of £202.5m for the fiscal 2014 ended 30 November, down more than 22.5 per cent year-on-year, with the …
Paul Kunert, 2 Feb 2015

Spinning rust into gold: WD profit grows ... though sales dip

+Comment Western Digital sold 61 million drives in its latest quarter, 2.1 million less than a year ago, but made $30m more profit, and it out-shipped and out-earned rival Seagate – CEO Steve Milligan's men must have ear-to-ear grins on their faces. The company’s revenues, including its WD and HGST operations, for Q2 in its fiscal 2015 …
Chris Mellor, 28 Jan 2015
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

Pricey buys pay off for shape-shifting Alternative Networks

Revving up the acquisition engine got previously misfiring B2B comms and tech outfit Alternative Networks' top line motoring again, but some resulting cost hikes dampened the bottom line. The AIM-listed firm reported a 20 per cent sales bounce to £137.8m for the year ended September, and it returned to organic growth, albeit …
Paul Kunert, 10 Dec 2014
BlackBerry Passport

BlackBerry chief vows: We'll focus on 'core devices' and on, er, NOT LOSING MONEY

BlackBerry chief John Chen has said that the Canadian firm won’t be trying to launch too many new devices as it struggles to claw its way back to profitability. Chen told Reuters that the firm was focused on profits, so it wouldn’t be pushing for heaps of new smartphones. "Once we turn this company to profitability again, I …

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, 6 Nov 2014
Steve Ballmer

SHOW ME THE MONEY! Ballmer on Amazon: 'They're not a real biz, they make NO cash'

Vid Ex-Microsoft boss Steve Ballmer has attacked retail giant Amazon for failing to make a profit after more than two decades of trading its wares online. "They make no money, Charlie. In my world, you're not a real business until you make some money. I have a hard time with businesses that don't make money at some point," Big …
Kelly Fiveash, 25 Oct 2014
Samsung Galaxy S4 Active

Samsung profits deflate after mobile division runs out of puff

Global smartphone leader Samsung took a knock on Friday after releasing Q4 financials that show a drop in profits of 11 per cent from the previous three months – its first quarterly decline in two years. The Korean giant said net profits stood at 7.3tr won (£4bn) for the fourth quarter, while operating profit was 8.31tr won (£ …
Phil Muncaster, 24 Jan 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Datatec: Oh no, EPS will be 20% lower than we expected

Enterprise tech group Datatec's share price has dived after it issued a warning that profit for this fiscal may be at least some $13m lighter than forecast, blaming distie wing Westcon US for the bottom line decline. Group revenues for the year ended 28 February are expected to remain in line with projections of $5.6bn to $5. …
Paul Kunert, 15 Jan 2014

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