Articles about Quarter Earnings

Shot of a new Macbook Pro

Disaster in Cupertino: Apple only made US$9bn last quarter

Apple once again saw revenues drop, as 45.5 million iPhone 7 sales were not enough to boost its fourth-quarter earnings. CEO Tim Cook talked up the particularly strong performance of Apple's internet services while glossing over another quarter of falling revenues. "Our strong September quarter results cap a very successful …
Shaun Nichols, 25 Oct 2016
Crashed plane, photo via Shutterstock

Reports: Twitter chainsaw massacre redux on the cards

Twitter is going from “troubled” to “beleaguered”, with reports that after it failed to flog itself it's going to cut loose as many as 300 staff. Its ongoing inability to translate user loyalty into a successful and growing platform to attract advertiser dollars – and its persistent abuse problem – left Twitter's sale to …
Satya Nadella

Microsoft kinda did OK this quarter – but whatever, Wall Street loves Satya Nadella

Microsoft's first-quarter results for its 2017 fiscal year reveal a four per cent year-on-year fall in profit and 10 per cent dive in operating income. Just before the quarterly results were announced, Microsoft's stock was down about half a per cent to $57.25 a share. Then when the figures landed, and despite the fall in …
Iain Thomson, 21 Oct 2016
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Cisco swallows Worklife to Spark-up collab suite

Cisco's Spark collaboration platform – billed as the communications service that “does it all” – didn't do quite enough, it seems: Switchzilla has acquired the “meeting productivity” application Worklife. Cisco says the app's makers, Heroik Labs, will be folded into its Cloud Collaboration Technology business unit, reporting …
Photo by Christoph Dernbach

Yahoo! hides! from! financial! analysts! amid! email! hacking!, privacy! storm!

Yahoo! had little to say on its looming tie-up with Verizon, as the Purple Palace turned in quarterly numbers that managed to beat analyst expectations. Speaking only briefly on the recent comments from Verizon about adjusting the $4.8bn acquisition deal in the wake of security and privacy problems, Yahoo! CEO Marissa Mayer …
Shaun Nichols, 18 Oct 2016
Burning money, photo via Shutterstock

Hey, you know what Samsung is also burning after the Galaxy Note 7 fiasco? $2.3bn

The extraordinary cost of the Galaxy Note 7 recall and withdrawal has been revealed in the latest financial figures from Samsung. On Wednesday, the company revealed its preliminary third-quarter earnings and slashed estimated operating profit from 7.8 trillion Korean won to 5.2 trillion won. The difference is US$2.3bn, almost …
Kieren McCarthy, 12 Oct 2016

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 08 Sep 2016
Photo by Krista Kennell / Shutterstock

IBM swings axe through staff, humming contently about cloud and AI

More IBM staffers found out they are losing their jobs this week in another wave of layoffs at the IT giant. According to insiders, workers in IBM's Business Transformations Organization, Systems Group, Global Technology Services, Global Business Services, Technology Support Services, and Storage Presales were told on …
Chris Williams, 01 Sep 2016
Google's Sundar Pichai, speaking at Google I/O 2015

Google, er, Alphabet takes on 10,000 more staff, banks more and more billions from ads

Alphabet, the holding company for Google and the Chocolate Factory's other concerns, has reported strong growth in the second quarter ending June 30, with revenues up 21 per cent from this time last year. Google made up the vast majority of this revenue, accounting for $21.3bn for the quarter, with the other parts of Alphabet …
Iain Thomson, 28 Jul 2016

PayPal probed over Venmo cash-flinging app

PayPal says it is under investigation by the US Federal Trade Commission (FTC) for alleged "deceptive or unfair practices" involving its Venmo app. In a filing with the SEC, the online payment giant said it has received a "civil investigative demand" from the FTC last month requesting documents and answers to a series of …
Kieren McCarthy, 29 Apr 2016
Strom Clouds

Stalled cloud growth, software flatlining, hated Lumias unsold... It's all fine, says Microsoft CEO

Microsoft is putting a brave face on disappointing third-quarter earnings that saw profits fall 25 per cent year-on-year and cloud revenues failing to rise fast enough to offset losses in other areas. Earnings per share were $0.62 non-GAAP, down 23 per cent from 2015, compared to analysts' estimates of $0.64. "We had a solid …
Iain Thomson, 21 Apr 2016
Cell tower, view from below. Image by Shutterstock.com

Network builders: LTE costs will transform the cell tower biz in 2016

Analysis The vast cost of keeping up with demand for mobile data is intensifying the pressure on mobile operators’ capex budgets and accelerating their moves to improve their infrastructure cost base. Major agreements to share passive and active cell site equipment are becoming commonplace as regulators ease up on previous restrictions, …
Wireless Watch, 01 Feb 2016

Apple growth flatlines ... Tim Cook thinks, hey, $80bn is still $80bn

Apple has once again set a high watermark for quarterly revenues and profits, though only by a smidgen – its meteoric rise has otherwise completely stalled. The Cupertino consumer electronics behemoth said that from October through December – Q1 of its fiscal 2016 – it pulled in US$75.9bn in revenues [PDF], leading to an US$18 …
Shaun Nichols, 26 Jan 2016
Hadoop

Hortonworks shares plunge 22% after secondary IPO news

In Brief The shares of the Hadoop open-source software distributor Hortonworks have plunged 22 per cent following the company's announcement that it had filed for a secondary IPO. Hortonworks is seeking to raise a proposed maximum $100m through the sale of common stock shares, according to a filing with the Securities and Exchange …

VMware backs out of Virtustream business

In a curt statement to the US Securities and Exchange Commission (SEC) 8K filing today, VMware killed the Virtustream venture it had proposed with parent EMC. The statement, by VMware CFO, COO, and EVP Jonathan Chadwick, said "VMware announced that it will not be participating in the formation of the Virtustream Cloud Services …
Chris Mellor, 14 Dec 2015
Qualcomm

What do you call a spreadsheet with lots of negative numbers? Qualcomm_FY2015.xlsx

Mobile chip blueprint scribbler Qualcomm reported big losses to close out its 2015 fiscal year, though the hits were less severe than the California company initially feared. Qualie said it hopes to turn around its fortunes in the coming fiscal year, as it banks on continuing adoption of 3G/4G networks globally and a …
Shaun Nichols, 05 Nov 2015
BT Openreach van

BT posts flat results following EE merger green light

Telecoms giant BT posted flat results for its second quarter earnings, just days after it was given the green light by Blighty's spending watchdog to snap up mobile operator EE for £12.5bn. For the three months to September, the one-time state monopoly posted flat revenue of £4.38bn for the second half of 2015, compared with …
Kat Hall, 29 Oct 2015
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Google stock buy-back: You'll groan when you realize where that $5,099,019,513.59 figure came from

Internet advertising giant Google is still banking boatloads of ad cash, and plans to buy back billions in stock. The Mountain View goliath said its mobile advertising revenues were particularly strong over the previous three months, as it saw gains in the number of clicks on banners. Here are the top GAAP stats and facts …
Shaun Nichols, 22 Oct 2015
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Pure next in line to put boot into Dell

It would seem smaller scale storage outfit Pure is next in line – following IBM's CEO Ginni Rometty and HP's Meg Whitman – to give Dell a kicking over its $67bn (£44bn) EMC deal. In a blog post Scott Dietzen, chief executive of Pure, said the transaction "comes out of weakness, not strength". He said: "Dell has been exposed …
Kat Hall, 14 Oct 2015
Smartphones

HTC execs: Oh dear, did we say we'd sell lots of smartphones? Our bad

The bottom appears to have dropped out of HTC smartphone sales, leaving the Taiwanese firm forced to revise its second-quarter earnings guidance downward by nearly 30 per cent. Just over a month ago, HTC said it expected to see revenue of between NT$46bn and NT$51bn New Taiwanese dollars ($1.49bn to $1.66bn in US dollars) in …
Neil McAllister, 05 Jun 2015

Yahoo! sees! profit! and! shares! fall! as! earnings! missed! - save! us! Japan!

A first quarter earnings report from Yahoo! revealed the company had missed its revenue forecast again, prompting a share price fall for the once great tech company, and increased talk of stake sales. Results for the quarter ended 31 March 2015 showed an “encouraging revenue growth of eight per cent, with display revenue …
AMD CEO Lisa Su

Loose lips slip when Windows 10 ships: 'End of July' says AMD CEO

AMD's chief exec Lisa Su may have inadvertently narrowed down the shipping date of Microsoft's Windows 10 in a conference call with financial analysts. During a chat to discuss her firm's first-quarter earnings, Su was asked to discuss the chipmaker's business outlook for its next fiscal quarter. Her comments appeared to …
Neil McAllister, 20 Apr 2015
Bloodbath!

Pathetic PC sales just cost us a BILLION dollars, cries Intel

Intel has lowered its revenue forecast for the first quarter of its fiscal 2015 by nearly a billion dollars, citing a weaker than expected PC market. While previously the chipmaker had said it expected to bring in $13.7bn (£9.21bn) during Q1, plus or minus $500m, on Thursday it revised that estimate to $12.8bn (£8.6bn), plus …
Neil McAllister, 12 Mar 2015

Whose GPUs let it cruise to record revenues? Nvidia, that's who!

Nvidia performed better than expected for the fourth quarter of its fiscal 2015 and for the year, with strong graphics processor sales buoyed by its swiftly growing application processor business. The chipmaker reported fourth quarter earnings of $0.43 per diluted share on record revenues of $1.25bn, both of which beat Wall …
Neil McAllister, 12 Feb 2015

Chip giant TSMC, flush with record sales, plans $16bn fab build-out

Taiwan Semiconductor Manufacturing Company (TSMC) reported sales for January 2015 that were the highest of any single month in its history, amid rising demand for silicon for graphics and mobile computing. TSMC said [PDF] on Tuesday that its net revenues for January hit $2.76bn in US dollars – a company record and a whopping …
Neil McAllister, 11 Feb 2015

Sony Pictures claims 'Nork mega-hack attack' cost it just $15 million

The financial cost of the hacking attack that plagued Sony Pictures Entertainment last year was just a drop in the bucket compared to the movie studio's revenues for the quarter, the Japanese giant has said. In its third-quarter earnings forecast for the three months ending on December 31, Sony pegged the price of the security …
Neil McAllister, 04 Feb 2015
Amazon CEO Jeff Bezos

Amazon, flush with cash, says it will let you peek inside AWS' pants

Amazon left smiles on investors' faces on Thursday following a fourth-quarter earnings report that trounced analysts' estimates. While Wall Street was expecting to see earnings of $0.17 per diluted share, the actual figure came in at $0.45 per share – which, while not as good as the $0.51 per share that Amazon earned in the …
Neil McAllister, 30 Jan 2015
Crying girl being comforted by a woman

IBM jobs axe: 'The cuts have STARTED and are spreading' sigh staff

Word has it that IBM's latest big staff purge is now underway, with former Big Blue workers reporting that they have been handed pink slips along with kits describing their severance packages. Rumors that IBM was planning major job cuts were flying fast and furious this week, following a Forbes editorial that claimed the firm …
Neil McAllister, 28 Jan 2015
Lost

2015 and IBM: But it wasn't supposed to be like this...

IBM said it reckoned on earnings per share of $15.75-16.50 for this year, when it announced its fourth quarter earnings on Tuesday. 2015 was supposed to be a golden year for IBM, where it would hit the $20 EPS goal under the five-year plan of former chief executive Sam Palmisano. Software was to be the engine of that 2015 …
Gavin Clarke, 22 Jan 2015

Oracle, the King of Cloud? Maybe in Ellison's world

Analysis Oracle's executive team spent most of its second-quarter earnings conference call on Wednesday talking about its cloud business – which made sense, since that was the only part of the business that showed significant growth. As in last quarter's call, the trio of Safra Catz, Larry Ellison, and Mark Hurd chirped away about the …
Neil McAllister, 18 Dec 2014
Love

EMC CEO Joe Tucci tries to win hearts and minds from VC backers

Analysis EMC is going to ask its shareholders whom they support: CEO Joe Tucci or hedge fund exec Paul Singer? At a Wells Fargo investment conference last week, Tucci outlined his thinking about EMC’s recent history, its future and an appeal to shareholders. Paul Singer’s Elliott Management is the activist investor trying to persuade …
Chris Mellor, 18 Nov 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
Satya Nadella

Microsoft: Cloud-o-bile still only small slice of softening revenue pie

Microsoft reported revenues that beat estimates for Q1 of fiscal 2015, boosted by strong growth in cloud and mobility. But its solid-looking numbers belied ongoing softness in its traditional core markets. Total revenues for the three months ending on September 30 were $23.20bn, a 25 per cent year-on-year increase but flat …
Neil McAllister, 23 Oct 2014

ARM heads: Our cores still have legs ... as shares tumble amid 'peak smartphone' fears

British chip design firm ARM Holdings painted a rosy picture of its future growth on Tuesday, but it missed analysts' revenue expectations for the third quarter of its fiscal 2014, reigniting old fears that slowing smartphone growth will hurt the firm's long-term profitability – even though it's looking just fine in the near …
Neil McAllister, 21 Oct 2014

IBM: Please, take our chip unit. We'll give you $1.5 billion

Big Blue is going to become slightly less Big and Blue by paying Global Foundries $1.5bn to take on its chip-making business, according to multiple media reports. The giant's retreat from hardware continues following the transfer of the X86 server business to Lenovo. Bloomberg and others reported an IBM statement saying it is …
Chris Mellor, 20 Oct 2014
Fraud image

BIG trouble in Big China: Samsung cops it RIGHT in the wallet

Analysis Competition from Chinese smartphone makers has mashed Samsung's China sales, resulting in a warning from the Korean company that its third quarter earnings would drop by 60 per cent when compared with the previous year. We’ve seen how Xiaomi, whose CEO fashions himself on Steve Jobs, is more of a threat to Samsung than Apple. …
Simon Rockman, 07 Oct 2014
Salesforce.com protest at Oracle OpenWorld

'I run my business from my phone' says Benioff as Salesforce shovels $93m into the furnace

Salesforce is in the fortunate business where it can simply raise its cloud-coated hand in the air and a fraction of the trillions of dollar bills being blown around the global economy will stick to it. At least, that was the message on the enterprise software-as-a-service company's first quarter earnings call for its fiscal …
Jack Clark, 20 May 2014

eBay cops $3 BILLION tax bill after moving its profits back onshore

Online tat bazaar eBay has copped a $3bn tax bill after bringing $9bn of cash held overseas back to the US. The firm hopes to use the remaining money to fund potential acquisitions at home. The firm announced as part of its first quarter earnings that it had paid a discrete tax charge of around $3bn to bring the cash pile back …

After Comcast, Netflix inks second net traffic deal with Verizon

Netflix may not like the idea of paying extra to keep its streaming video content running smoothly but seems resigned to it, having now signed its second network peering deal with a major US broadband provider since the beginning of the year. "We have reached an interconnect arrangement with Verizon that we hope will improve …
Neil McAllister, 29 Apr 2014
HTC

HTC looks to cheaper phones as revenues wane

HTC said that it will pull away from the premium smartphone market and focus its efforts on lower-cost handsets. The company said in its latest quarterly report, published on Monday, that the move would help the company improve its margins as HTC struggles to cope with plummeting revenues. The firm reported 42.9bn NT$ (New …
Shaun Nichols, 10 Feb 2014

First Dell, now IBM: 15,000 jobs face the axe at Big Blue, says union

IBM is set to spend another $1bn on job cuts this year to eliminate an estimated 15,000 jobs worldwide, according to trade union Alliance@IBM. The company has already spent the same amount of money last year on 'workforce rebalancing', its euphemism for redundancies. Big Blue's chief financial officer for finance and …

Nokia waves goodbye to device biz as phone sales continue to spiral

Nokia's fourth quarter earnings report for its fiscal 2013 shows a company that's striving to reinvent itself – as it prepares to complete the sale of its struggling mobile phone business to Microsoft. The Finnish firm is already reporting its Devices & Services business unit as "discontinued operations," even though the deal …
Neil McAllister, 23 Jan 2014
Frodo and the Ring

IBM trudges onward despite hardware weight around its neck

IBM reported fourth-quarter earnings that were a mixed bag on Tuesday, with hardware remaining the chief thorn in Big Blue's side – as has been the case throughout its fiscal 2013. Total revenues shrank for both the quarter and the year, with Q4 sales down 5.5 per cent to $27.7bn and annual sales down 4.6 per cent to $99.8bn. …
Neil McAllister, 22 Jan 2014
Barnes & Noble Nook Simple Touch with Glowlight

Didn't get a Nook for Xmas? That's OK, hardly anyone else did, either

The fortunes of Barnes & Noble's Nook division have gone from bad to worse, with the ebook group reporting plummeting revenues over the holiday period. The bookseller said on Thursday that the Nook unit's sales for the nine weeks ending December 28 were down 60.5 per cent from the same period a year ago. Newly minted Barnes …
Neil McAllister, 09 Jan 2014
Photo by Adam Hart-Davis

IBM hid China's reaction to NSA spying 'cos it cost us BILLIONS, rages angry shareholder

An IBM shareholder is suing Big Blue, accusing it of hiding the fact that its ties to the NSA spying scandal cost it business in China – and wiped billions off its market value. The Louisiana Sheriffs' Pensions and Relief Fund has filed the suit in New York, claiming that Big Blue "misrepresented and concealed" that its …
hands waving dollar bills in the air

VMware sucks more customers into its virtual orbit

VMware's third quarter earnings for 2013 comfortably beat analysts' estimates, driving the virty company's share price up, though there is little evidence of major spending on the company's attempt at building an Amazon-whipping cloud. Just last quarter, the company had suffered from sludgy license revenue growth but trousered …
Jack Clark, 21 Oct 2013

China, an untapped land of opportunity for the West - EXCEPT IBM

IBM's third-quarter earnings for 2013 missed estimates by a billion dollars, thanks to an ugly environment in China and continuing weakness in the company's hardware division. The technology giant reported a net income of $4bn from revenues of $23.7bn on Wednesday, representing a rise in profits by 5.7 percent on the same …
Jack Clark, 16 Oct 2013

Yahoo! balance! sheet! bulked! by! Alibaba!

Yahoo! has released its third-quarter results, and the numbers aren't pretty. The purple palace managed to drag $US1.14bn through the door, but that's five per cent less than the figure for 2012's third quarter. Earnings before interest, taxes, depreciation and amortization were $331 million, a 19 per cent drop compared the Q3 …
Simon Sharwood, 16 Oct 2013

BlackBerry binned JV plan to become China's official mobile OS: report

Struggling BlackBerry launched a bold bid back in 2010 to corner the Chinese smartphone market through a joint venture, but despite significant interest from Beijing internal feuding in the company ended up scuppering a deal, it is claimed. In summer 2010, Research In Motion chairwoman Barbara Stymiest and then co-CEO Jim …
Phil Muncaster, 02 Oct 2013

BlackBerry BLOODBATH! Company warns of nearly $1bn quarterly loss

BlackBerry surprised Wall Street by releasing its second quarter earnings early on Friday, but it was hardly the kind of surprise where a dancer jumps out of a cake. The Canadian smartphone maker warned the market that it expects to post revenues of around $1.6bn when it files its formal earnings report on September 27 – a …
Neil McAllister, 20 Sep 2013