Articles about Profit

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016

Someone (cough, cough VeriSign) just gave ICANN $135m for the rights to .web

An unnamed organization just paid $135m for the rights to sell ".web" domain names. This is three times the previous record of $45m for .shop, and seven times the average auction price for top-level domains. The massive price tag has raised eyebrows in the domain name industry, not least because one of the companies taking …
Kieren McCarthy, 28 Jul 2016
Cloudy server conceptual illustration. Photo by Shutterstock

Larry Ellison's Oracle swallows Larry Ellison's part owned Netsuite for $9.3bn

Database titan Larry Ellison’s Oracle is slurping NetSuite - a company he and his family already own a big slice of - for a cool $9.3bn (£7bn) to help him compete better with Salesforce, another firm he part owns. The buy will see Oracle splash $109 per share on the first ever purveyor of software clouds: NetSuite was set up …
Kat Hall, 28 Jul 2016
Man weighs himself on imperial scale. photo by shutterstock

BT sees 35% sales gain as it digests hearty EE meal

Sales jumped by 35 per cent for BT's first quarter to £5.7bn, with profit before tax up 16 per cent to £802m - mainly due to its £12.5bn slurp of EE. The mobile operator contributed £1.2bn for the quarter and £84m in operating profit. Elsewhere other parts of the biz were lacklustre. Its Wholesale biz fell 10 per cent to £ …
Kat Hall, 28 Jul 2016
Facebook's Mark Zuckerberg, speaking at the 2015 F8 conference

Facebook is unstoppable

Facebook today revealed its financial figures for Q2 2016 – the three months to June 30 – and if you're an FB hater, prepare to be disappointed. Revenue: $6.4bn, up 59 per cent year on year from $4bn. Profit: $2bn, up 186 per cent from $719m. Earnings per share: 71 cents, up from 25 cents. Daily active users: 1.13 billion …
Shaun Nichols, 27 Jul 2016
Comically sad tearful man doing fake-looking wail of despair. Photo by Shutterstock

Boo hoo. Brexit to hit Capita's bottom line

Outsourcing giant Capita has hinted that the UK's decision to leave the EU will have an impact on its bottom line, while recording a sales increase of 5 per cent to £2.4bn for its first half-year results. Profit before tax rose by 27 per cent to £186.1m, compared with the same period in 2015. Andy Parker, chief exec of Capita …
Kat Hall, 27 Jul 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …
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Twitter: $602m into -$107m

Twitter staved its losses, grew sales, increased its number of users – and still its stock has tanked today. Nothing is working. The microblogging website reported on Tuesday its financial figures for its second quarter of 2016, and – yup – it's another profit-free three months: it recorded a $107m loss, which is better than …
Shaun Nichols, 27 Jul 2016
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Commvault's growing, even if profits dipped into losses this quarter

Commvault has sustained its recovery for a third quarter although it has recorded a loss after a much smaller income tax benefit was applied than a year ago. The first fiscal 2017 quarter saw a 9.6 per cent rise in Commvault's revenues to $152.4m: they were $139.1m a year ago, and $159.6m in the seasonally higher preceding …
Chris Mellor, 26 Jul 2016
Homer Simpson

Data's democratisation: Because there's no doh in Type 0

There has been a slow but steady democratisation of business intelligence (BI) and data science over the years with Excel (and PowerPivot), through introduction of self-service BI and growth of R as the language of choice for statistics. For those from a traditional programming background, Python has become the analytical …
Andrew Cobley, 26 Jul 2016

Hans off! Ericsson unplugs CEO after gräsliga results

Ericsson CEO Hans Vestberg has been unceremoniously dumped after another set of disappointing results. The Swedish telecoms' board unanimously decided to ditch their chief exec after he failed to meet analyst expectations, despite having slashed jobs and done his best to cut costs. He has been at the company for 28 years and …
Kieren McCarthy, 25 Jul 2016
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SFW is Safe For Civica: EU Ref software biz gobbled up

Civica Group has swallowed specialist public sector developer SFW – which created the digital service used to collate the results of the EU Referendum. SFW employs around 200 people, split between its UK offices and a dev centre in India, writing CRM-based apps, workplace collaboration wares and digital platforms. The …
Paul Kunert, 25 Jul 2016
Fibre, image via Shutterstock

Not-BT-Openreach' biz CityFibre sextuples pipeline

Cable-layer CityFibre has booked a six-fold increase in contracts during its first half of 2016, with £53.8m in the pipeline compared with £8.1m for the same period last year. New contracts signed in the period comprise 3,702 new customers, more than three times the total amount on the books in 2015 (1,110), and more than …
Kat Hall, 25 Jul 2016

IETF boffins design a DNS for digital money

Digital currency engineers are working on a domain name system (DNS)-style protocol to enable money to be shared across different networks. The idea of digital currency – and particularly blockchains – has taken off in recent years, but there remain a number of competing networks that are unable to talk to one another: the …
Kieren McCarthy, 21 Jul 2016

Official: AMD now stands for Avoiding Miserable Death

AMD fans are over the moon today as their favorite processor designer has sold more chips than expected in the three months to June 25. The Sunnyvale, California, biz beat analysts' estimates on revenue and earnings per share in a billion-dollar quarter that ended in the black rather than the usual red: the Radeon maker banked …
Chris Williams, 21 Jul 2016
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Rumor on repeat: Spotify IPO

Music streaming service Spotify is again rumored to be preparing to go public. The company has managed to maintain its market lead against competitors from some of the world's largest tech companies including Apple and Amazon, and has more paying subscribers than any other streaming service. It has started reaching out to …
Kieren McCarthy, 21 Jul 2016

Ransomware gang: How can I extort you today?

Three out of four ransomware criminal gangs are willing to negotiate the shakedown price. And all the operators of file encrypting ransomware scams will give victims more time to pay up. So say security researchers at F-Secure, who investigated the "customer experience" of five active crypto-ransomware variants, beginning with …
John Leyden, 21 Jul 2016

Whoa! Shanghai Stock Exchange delays $6bn Ingram Micro takeover

Tianjin Tianhai, the Chinese logistics giant, has delayed next week’s shareholder meeting to rubber stamp the $6bn takeover of Ingram Micro as it gathers data requested by the Shanghai Stock Exchange (SSE). Tianjin Tianhai, owned by the conglomerate HNA Group, revealed in February its intended acquisition of Ingram, the world …
Paul Kunert, 21 Jul 2016

The cloud ain't making it rain for Intel right now: Tech giants pause server chip sales

Analysis Intel's stock price fell on Wednesday after it became clear the processor maker is not selling quite as many server processor chips as investors had hoped. The Silicon Valley giant reckons its CPU sales into data centers will hit double-digit growth by the end of the year. So far, with half the year gone, we're staring at mid- …
Chris Williams, 21 Jul 2016

Internet exchange Linx cuts peering prices by 40% after rip-off claims

The London Internet Exchange (Linx) has announced it will slash prices – just one month after the non-profit was pointedly criticized for charging too much. The internet exchange point is Europe's largest provider of internet interconnect services and announced this week it would cut the cost of its LON2 port fees by 40 per …
Kieren McCarthy, 20 Jul 2016
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TalkTalk: 9,000 broadband customers did the walk walk last quarter

UK ISP TalkTalk has confirmed 9,000 customers abandoned its broadband services in the first three months of fiscal '17 ended June – and that overall group sales were pretty much flat on the prior year period. The provider did not release the exact turnover for the period - that comes at the half way point of the year - but it …
Kat Hall, 20 Jul 2016
Microsoft CEO Satya Nadella

Microsoft Azure doubles up to $800m a quarter – and is wiped out by dying phone sales

Analysis All eyes were on Microsoft's cloud business today as it published its fourth-quarter and full-year financial results. Amid the numbers, Redmond boasted that its Azure revenues from the quarter were up 102 per cent year-on-year – we estimate the cloud service's revenue to be about $800m in total for the period. Meanwhile, …
Iain Thomson, 20 Jul 2016

Handover of US internet control to ICANN officially blocked in Republican policy

The planned transition of the internet's critical technical functions from the US government to a technical body may come under further attack after the Republican Party officially agreed to block it on Monday. The Republican Platform for 2016 [PDF] was formally approved during a chaotic first day of the party's national …
Kieren McCarthy, 19 Jul 2016
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What's big, blue and red all over? IBM. Profit, z Systems down, cloud up

IBM today reported its second quarter financial results and the figures don't look good, with profits falling nearly 30 per cent. The venerable computing giant did perform slightly better than analysts expected, however GAAP revenues and profits are both down year-on-year. It's the 17th straight quarter of revenue declines for …
Iain Thomson, 18 Jul 2016
Euro cracker

How to scam $750,000 out of Microsoft Office: Two-factor auth calls to premium-rate numbers

Gaming two-factor authentication systems with premium rate phone numbers can be very profitable – or it was until the flaws got reported. Belgian security researcher Arne Swinnen noticed that the authentication systems used by Facebook-owned Instagram, Google and Microsoft allow access tokens to be received by a voice call as …
Iain Thomson, 18 Jul 2016
Mr Robot: Credit USA Network

World's worst exploit kit weaponises white hats' proof of concept code

The new wearer of the crown for World's Worst Exploit Kit is compromising users with exploit code for a dangerous new attack published by a white hat researcher. Neutrino is the new king of for-profit p0wnage packages, a market in which criminals create tools to compromise scores of users through the latest vulnerabilities. …
Darren Pauli, 18 Jul 2016

Ban ISPs from 'speeding up' the internet: Ex-Obama tech guru

Comment ISPs should be banned from “speeding up” internet packets, says a former senior member of Obama’s White House crack tech team, the Office of Science and Technology Policy. Self-facilitating policy wonk Brian Forde (for it is he) earned derision on Twitter after he urged ISPs not to send packets any faster than they already …
Andrew Orlowski, 15 Jul 2016
Lily Cole, Impossible.com

Lily Cole: Profit still looks almost Impossible.com

Impossible.com, the world-changing “sharing economy” website founded by millionaire supermodel and polymath Lily Cole lost even more money last year. Year end P&L accounts filed with Companies House revealed that I Am Possible Ltd - with Cole as director - was £257,889 in the red for year ended October 2015. That’s worse than …
Andrew Orlowski, 15 Jul 2016

Successful fintech: UK has some, but it's not in Silicon Roundabout

Open up the business pages of any national newspaper and much of the coverage is focused on the latest fintech startup, the marvel that will transform the global financial system, backed – inevitably – by big name venture capital firms. But is this obsession with fintech deserved? A cool analysis of the phenomenon long term …
Marcus Gibson, 15 Jul 2016

It's not our fault we don't hire black people, says Facebook

Facebook has explained away another year of dreadful diversity figures by claiming that there simply aren't enough minorities available for it to hire. Despite having been at the receiving end of years of criticism for its overwhelmingly white male workforce, the social media giant's latest figures show that only 4 per cent of …
Kieren McCarthy, 14 Jul 2016
Big pipe, photo via Shutterstock

5G: Mother of all pipes, or actually useful?

The 5G standardization timeline is set, demos and proofs of concept are proliferating, and claims to 5G world firsts are on the rise. Yet, many mobile operators and vendors don’t really know what future 5G networks will be needed for beyond better mobile broadband services, and they’re calling on potential industry users for …

Tor board swept under carpet after Appelbaum 'sex misconduct' claims

The entire board of the Tor Project has been replaced in an effort to restore credibility in the anonymizing network software. In an announcement on the non-profit's website, executive director Shari Steele noted that the board decided to leave as a block and replace themselves entirely with a new set of six people, including …
Kieren McCarthy, 14 Jul 2016
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Generous Fiat Chrysler offers $1,500 for car security bugs – or two minutes of annual profit

Fiat Chrysler has finally got around to offering a bounty on bugs found in its cars. But the scheme is unlikely to get any takers considering the pitiful amount of money on offer. Last year car-hacking artistes Charlie Miller and Chris Valasek took remote control of the engine, brakes, and minor systems of such Fiat Chrysler …
Iain Thomson, 13 Jul 2016
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Dell and EMC name the captain who'll run their $36bn channel biz

Dell has chosen one-time AMD exec and its current veep of sales John Byrne to head up its near-$36bn turnover global channel biz, once it has swallowed EMC in the coming weeks. The $67bn buy of the storage giant is due to close late in July or early August, sources close to the situation told us, when the enlarged organ will …
Paul Kunert, 13 Jul 2016

50 CELEBRITY SECRETS EXPOSED scores year behind bars

The New York man behind a 2014 data dump site exposed.su has been sentenced to a year in prison, plus 12 months for time already served, for doxing high-profile figures including First Lady Michelle Obama, Presidential candidate Donald Trump, and artist Jay Z, and placing dozens of highly-dangerous swatting calls. Mir Islam, …
Darren Pauli, 13 Jul 2016
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Reuters flogs IP for $3.55bn

Thomson Reuters is selling off the intellectual property and science arm of its business for $3.55bn in cash. The business, which provides information and related services to companies, universities and governments, has 3,200 employees and will be sold to private equity firms Onex Corporation and Baring Private Equity Asia. …
Kieren McCarthy, 12 Jul 2016
Cheesy pic of man holding face in shame as accusatory finger emerges from display. Photo via Shutterstock

Trial to store benefits claimants' personal data on blockchain slammed

A government experiment to store the information of benefits claimants using blockchain tech has been slammed by experts, who have warned it could expose highly sensitive personal data. London-based fintech company GovCoin Systems has partnered with Barclays, RWE npower and University College London to trial blockchain …
Kat Hall, 12 Jul 2016

Keep up the pressure on the telcos, Canada

Sysadmin Blog Bell Canada has lost their second appeal of the July 2015 decision by the CRTC requiring the opening of fibre networks by Canada's major telcos for wholesale consumption by third party ISPs. The result solidifies Canada's presence amongst the nations embracing Local Loop Unbundling (LLU) and heralds a round of massive changes in …
Trevor Pott, 12 Jul 2016

Facebook deleted my post and made me confirm pics of my kids weren't sexually explicit

Usually when you read about Facebook blocking accounts or taking down videos it's because something serious has happened: like a woman filming her boyfriend dying at the hands of traffic cops; or someone going on a racist rant. But this morning it happened to me. Facebook informed this lowly reporter that it has removed one …
Kieren McCarthy, 11 Jul 2016

Google slammed over its 'free' school service

Two Swedish researchers have torn into Google's free school service, accusing the online giant of purposefully misleading users in order to continue profiting from the sale of children's data. Maria Lindh and Jan Nolin from the University of Borås have published a research paper [note: paid access] that digs into the policies …
Kieren McCarthy, 11 Jul 2016
The British Pound - Sterling currency tumbles post Brexit

HP Inc: Double-digit bounce due on PC prices next month

HP Inc has blamed the wobbliness of the British pound for a double-digit price hike in the UK due to kick in from the start of next month on all its commercial PC kit – but for some reason the print range is to avoid the upward swing. Sterling has slumped to a 31-year low following the outcome of the EU referendum and some …
Paul Kunert, 11 Jul 2016
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Barracuda picks teeth after chowing down on cloud market

Revenues grew 11 per cent year-over-year to $86.7m in Barracuda’s first fiscal 2017 quarter, confirming its return to growth. Net income was $2.8m. Recurring subscription revenue grew to $65.3m, up 20 per cent from $54.3m in the year-ago quarter and 75 per cent of total revenue. Appliance revenue though, was down, at $21.3m, …
Chris Mellor, 08 Jul 2016
man crying, image via Shutterstock

Ad agency swipes 'unnamed bloggers' for calling out its cynically fake 'save a refugee' app

Ad agency Grey Singapore has thrown a tantrum and handed back the Cannes Lion bronze award it won for its now-infamous “I Sea” app. As we previously reported, the WPP-owned ad agency, under its Grey for Good brand, had boasted that the app would crowd-source the search for refugee boats adrift on the Mediterranean Sea. The …
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Cisco UK and Ireland boss Phil Smith quits

Exclusive Cisco's long-serving UK and Ireland overlord Phil Smith has called time on his reign after more than two decades at the wheel. Back in 1994, when the exec rocked up at Switchzilla, Forest Gump was running on the big screen, Sony had launched the PlayStation, and wisecracking imps Ant and Dec, then known as PJ & Duncan, were …
Paul Kunert, 07 Jul 2016
 Putting text-reading robots to work. Arthur_Caranta, CC BY-SA

‘Peak Samsung’ isn't

Strong sales of its S7 flagships have boosted Samsung to its highest quarterly profit for two years, the company stated yesterday. The earnings guidance contradicts experts who predicted ages ago that we had reached “Peak Samsung”. The group’s overall profit should be around ₩8.1tn ($7bn), up 17.4 per cent from the same …
Andrew Orlowski, 07 Jul 2016
Man holding money

Tech upstarts to pocket up to $5m from crowd-fund suckers, er backers

A pair of newly passed bills in the US Congress will increase the amount of money tech startups can raise to cover their early expenses. The Fix Crowdfunding Act (HR 4855) and the Supporting America's Investors Act (HR 4854) will raise the limits on money that companies can gather through crowdsourcing and venture capital …
Shaun Nichols, 06 Jul 2016
 Good GCSEs should cost parents a Jesus-phone

RM: School spending on tech is soft, soggy and downright subdued

School spending on tech remains “subdued”, according to specialist education supplier RM at the half-way stage of its fiscal year 2016, ended 31 May. Revenue slid 3.8 per cent year-on-year to £76.8m, but excluding the disposal of SpaceKraft, which made sensory learning devices for children with special needs, sales fell 1.4 …
Paul Kunert, 04 Jul 2016
London stock exchange, photo via Shutterstock

London Stock Exchange's German mega-merger: It's a go, despite Brexit

The London Stock Exchange takeover by its German competitor Deutsche Boerse (aka the "Merger of Equals") should still be going forward despite Brexit, but a planned vote by their respective shareholders throws another wildcard into how job cuts are shared between London and Frankfurt. The £12bn deal, announced in March, is due …
Dominic Connor, 04 Jul 2016

FCC starts running from cable box rip-off kill-off

Twenty billion dollars is a lot of incentive, as the US Federal Communications Commission (FCC) has found out. Following a proposal in January, later approved by three of the five FCC Commissioners, cable companies would be obliged to let third parties produce set-top boxes by making subscriber and channel information …
Kieren McCarthy, 30 Jun 2016

Hackers: Ditch the malware, we're in... Just act like a normal network admin. *Whistles*

Hackers almost exclusively use standard network admin tools to move around a compromised network once they’ve broken in using malware or other hacking techniques. Researchers at security startup LightCyber found that 99 per cent of post-intrusion cyberattack activities did not employ malware, but rather employed standard …
John Leyden, 30 Jun 2016