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Articles about Profit

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
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

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

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
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
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

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
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

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
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 …

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 …
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

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

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
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
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 …
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

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
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

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
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
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

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

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

Kaboom: Delayed patent bomb hits SAP in the Q2 profit

Sales of new software for SAP saw a minor improvement this spring while cloud grew so fast the giant has upped its estimated figures for the year. But for all the positives, a patent bomb took a hefty chunk out of SAP’s profits in the second quarter. SAP reported a three per cent increase in total revenue for the period to 30 …
Gavin Clarke, 17 Jul 2014
Microsoft campus

Microsoft bags more CASH – but profit's flat as Nadella waves axe

Microsoft posted solid yet unspectacular results for both the fourth quarter of its fiscal 2014 and the full fiscal year, even as investors braced for new CEO Satya Nadella to axe as many as 18,000 staffers. Revenues for the quarter beat analysts' estimates slightly at $23.38bn, a 17.5 per cent gain over the same period a year …
Neil McAllister, 22 Jul 2014
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 …
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 …
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
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 …

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
union_jack

Bechtle's double digit sales, profit hike in UK? Satisfactory, says parent firm

A double digit hike in sales and profits at the Brit arm of reselling powerhouse Bechtle was merely described as "satisfactory" by its German owner. Coming in the middle of the steepest economic downturn ever, The Channel - suggests the parent firm is perhaps being a little too ruthlessly rational. Sales for calendar 2012 at …
Paul Kunert, 30 Apr 2013
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
The Register breaking news

Peak Apple: First 'profit slip' in a decade - and, boy, it's gonna be BIG

Apple will reveal its first profit fall in a decade when it unveils its quarterly earnings later today, analysts say. According to Bloomberg, Apple's fiscal second-quarter income will probably have declined by 18 percent, year on year, to $9.53 billion. And even though revenue may be up 8 percent to $42.4 billion, this is the …
Jasper Hamill, 23 Apr 2013
The Register breaking news

Facebook turns billion-dollar profit into tax refund

Bloomberg is reporting that Facebook has managed to parlay a billion-dollar profit for 2012 into a tax refund of US$429 million. According to an analysis by Citizens for Tax Justice, The Social NetworkTM got its tax break through deductions for the cost of executive stock options and share awards. For tax purposes, these are …
The Register breaking news

Nokia turns a PROFIT. Sort of

Nokia announced a pre-tax profit of €375m for the fourth quarter of last year today, suggesting the deep cuts of the past year, including the axing of around 20,000 employees, have allowed management to steady the ship. The profit included sales of its corporate HQ and $250m support payments from Microsoft. Group net sales in …
Andrew Orlowski, 24 Jan 2013

Acer's tiny raft of profit smashed onto rocks by Gateway and co

The much touted recovery at PC maker Acer didn't show up in 2012: a write-down on its assets dragged its accounts into the red. The vendor said its sales in 2012 slid 9.6 per cent year on year to NT$429.5bn ($14.4bn, £9.53bn), bagging it a razor-thin operating profit of NT$1.03bn ($34.6m, £22.8m). But that was wiped out by an " …
Paul Kunert, 20 Mar 2013
photo by http://www.flickr.com/photos/maxbraun/5252873582/ Max Braun licensed under Creative Commons 2.0 http://creativecommons.org/licenses/by-sa/2.0/deed.en

Post-Profit Prophet RUSSELL BRAND is the HUMBLE CHRIST of STARTUPS

Some news events are so momentous they instantly become burned into the memory - as irreversibly as an iOS firmware upgrade. For example, I’ll never forget where I was when the Berlin Wall came down. I was still a schoolboy: in prep school in Geneva, trying to buy heroin. But 23 years later, everything about that day comes …
Steve Bong, 15 Nov 2013
Scrooge McDuck

Don't count out Overland Storage: Borged mixed tape biz = PROFIT at last

We expected declining revenues and another loss and Overland didn’t disappoint. First fiscal 2014 quarter revenues of $10.6m were down 9 per cent on the annual compare and 12 per cent compared to the previous quarter. On the other hand, its new acquisition means it pulls a lot of resources out of the tape biz and into the more …
Chris Mellor, 14 Nov 2013

Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED

Apple again dominated all Silicon Valley competition in 2013, so much so that in the San Jose Mercury News' SV150 annual ranking, it raked in more revenue than numbers two and three combined, and more profits than the four below it, taken together. List of the top 15 companies in the San Jose Mercury News SV150 The top 15 …
Rik Myslewski, 14 Apr 2014
The Register breaking news

Tesla earns first profit, Model S wins '99% perfect' rating

The stock of space-faring Elon Musk's more down-to-earth business of selling Tesla electric cars is heading skywards after the company reported its first-ever profit and saw its Model S sedan get a stonking 99 per cent approval rating from the testers at Consumer Reports. Tesla's stock is currently up over 25 per cent after the …
Iain Thomson, 09 May 2013
The Register breaking news

France Telecom takes huge profit hit after swallowing €1.8bn writedown

Telecoms is not the fat market it once was as the low spend in the UK 4G auction showed today, and Euro telco giant France Telecom has also felt the pain. The former French monopoly telco had to write down €1.84bn on units in Poland, Egypt and Romania, which was partly to blame for the hefty 79 per cent plunge in profits year-on …
Anna Leach, 20 Feb 2013

Toshiba: Strong yen CHEWED our tripled profit, spat out loss

Despite a massive hike in operating profit, Toshiba's overall results for the quarter are at a loss as restructuring costs and the high rate of Japanese yen ate into the cash. Toshiba's cost-cutting and rejigging helped operating profits to jump by 178 per cent to ¥11.47bn (£93.32m) from ¥4.1bn (£33.36m) in the same quarter last …
The Register breaking news

Zynga banks fluke profit - won't happen again, says CEO

Top dogs at Zynga say the online gaming firm just needs a little more time to turn around its losing streak - after forecasting worse losses than expected for this year's second quarter. The struggling FarmVille maker managed to scrape together a surprise profit for the first three months of this year after cutting costs, but it …
Avnet TS

Avnet CEO: Sales flat, profit down... but 'outlook' is better

Avnet's CEO says the distributor is moving in the right direction after reporting fiscal Q2 numbers that were dramatically better than the opening three months of its new financial year. Sales came in essentially flat on a year ago period at $6.7bn but contain the financials of four firms acquired in October and November …
Paul Kunert, 24 Jan 2013
The Register breaking news

Toshiba readies feature-pruned, profit-boosting Jelly Bean tablet

Toshiba has announced a new member of its AT300 Android tablet range, this one running Android 4.1 Jelly Bean. Bizarrely, punters will pay for the software upgrade by foregoing the existing, Ice Cream Sandwich-based AT300’s 5MP and 2Mp front- and rear-facing cameras in favour of 3Mp and 1.2Mp jobs. You can read our AT300 review …
Tony Smith, 15 Nov 2012

Asus staggers into summer heatwave thirsty for sales, sweating profit

The fire raging across the traditional PC industry has reached the door of Taiwanese titan Asus - which watched its sales and profits go up in smoke. The world's fifth largest PC maker - which has done a better job than many of its peers in traversing the notebook market's shift to tabs - posted a decline in both the top and …
Paul Kunert, 01 Aug 2013