Articles about Quarter Earnings

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

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
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
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

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

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
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 from …
Neil McAllister, 23 Oct 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 enterprise …

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 …
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
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 a …
Jack Clark, 21 Oct 2013

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

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
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

More brutal PC numbers from Dell as revenues stay flat, profits sink

Dell announced its second-quarter earnings for fiscal 2014 on Thursday – five days early – and delivered a report that met analysts' expectations but once again showed a company struggling to remain profitable in the face of woeful trends in the PC industry. This was the second quarter in a row that Dell announced its results …
Neil McAllister, 15 Aug 2013
cloud

Intel claims 'best quarter ever'

Intel announced its second-quarter earnings today, with numbers that add up to what chief Paul Otellini called "the best quarter in the company's 42-year history." The mega-chipmaker's revenue for the quarter was $10.8bn and 51 cents per share. According to the Wall Street Journal, the consensus of top moneymen was that …
Rik Myslewski, 13 Jul 2010
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
Broken record

Investors: Oh Samsung. You need to smash those records HARDER

Samsung's estimates for its second quarter earnings missed forecasts, worrying investors despite the fact that it will be another record-breaking quarter at the firm. The Korean chaebol said that it expected operating profit of between 9.3tn South Korean won (£5.4bn) and 9.7tn won (£5.6bn), up eight per cent on the previous …
The Register breaking news

Yahoo! conjures! growth! from! flat! first! quarter!

Yahoo!'s search pact with Microsoft, cost cutting and business growth helped boost the internet's second biggest search company in the first three months of 2010. The company Tuesday announced net income jumped 163 per cent for the first three months to March 31 while earnings per diluted share were up 175 per cent to $0.22. …
Gavin Clarke, 20 Apr 2010

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
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

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
axe_channel_teaser

BlackBerry's Heins readies the hatchet yet again

BlackBerry plans to make significant staffing cuts by the end of the year, sources claim, which will see the Canadian firm shed as much as 40 per cent of its total workforce. As many as 5,080 of BlackBerry's approximately 12,700 employees could get the axe under the plan, The Wall Street Journal reported on Wednesday, citing …
Neil McAllister, 19 Sep 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
The Register breaking news

Foxconn's revenue down on slowing iPad, iPhone sales

Earnings are down at Hon Hai Precision Industry, the Taiwanese electronics manufacturing giant better known as Foxconn, leaving analysts wondering whether the slump bodes bad news for the company's biggest partner, Apple. Foxconn's revenues for the three months ending March 2013 were 808.97bn Taiwanese dollars ($26.99bn/£17.63bn …
Neil McAllister, 10 Apr 2013
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 …
Google Nexus 7 Android tablet

Asus: we ship a million Google's Nexus 7s monthly

Asus is shipping around one million Nexus 7 tablets a month, the company has claimed. Google's affordable fondleslab was hugely popular with consumers and rapidly sold out during its first product run. However, exact figures remained hazy. Now manufacturer Asus finally lifted the veil. "At the beginning, it was, for instance, …
Caleb Cox, 31 Oct 2012
Larry Ellison

Oracle's hardware wing keeps on bleeding

Oracle's shares dropped 7 per cent in after-hours trading in response to an quarterly earnings report that showed muted adoption for its latest software offerings and a continued shrinkage in its troubled hardware division. The database giant reported on Wednesday third quarter earnings of $2.504bn on revenues of $8.958bn – down …
Jack Clark, 20 Mar 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
Quantum LTO-6 Ultrium tapes

Multimillion-dollar sack of Microsoft cash soaks up Quantum's bloodbath

Two charts show the essence of storage biz Quantum's problems: declining revenues are converting profits into deepening losses. But could 2014 be a breakout year? First, here are the quarterly revenues for fiscal years 2011 to 2013: Quantum Quarterly Revenues What happened? Quantum quarterly sales reducing over the years We …
Chris Mellor, 05 Aug 2013
For Sale sign detail

Emulex' earnings fall as it fights off Broadcom

Emulex has announced figures showing a fall in third quarter earnings and a loss, emphasising its weak position facing the Broadcom bid. In its third fiscal 2009 quarter (Q3 fy09) Emulex revenues were $78.6m, 39 per cent less than the equivalent a year ago of $127.8m, and 28 per cent down sequentially. It announced a net loss of …
Chris Mellor, 29 Apr 2009

Tech Data on its crappy Q2: Don't blame us, blame the strong dollar

Distribution giant Tech Data, daddy of Computer 2000 and Azlan in the UK, has disappointed investors with a blip in its second quarter results. Net sales for the firm slipped 7.6 per cent from the same quarter last year to $5.96bn while net income dropped 26 per cent to $38.3m from $51.7m in 2011. The company said that foreign …
The Register breaking news

Dell boosts Q2 earnings on tax break

Kevin Rollins began his first day as Dell's CEO with a bang, giving the all clear for the company to raise its second quarter earnings forecast. Dell is now looking to post per-share earnings of 31 cents. This is 2 cents higher than previous expectations and 29 percent higher the the earnings per share posted in the same …
Ashlee Vance, 16 Jul 2004
Cat 5 cable

Nearly half of Google's Moto gobble cash was spanked on patents

Google has finally put a price tag of $5.5bn on the patents it snaffled in its $12.4bn purchase of Motorola Mobility. The web behemoth declared the value of Moto's "patents and developed technology" in a filing with US stock market regulator SEC. The Chocolate Factory's surprise Motorola Mobility gobble was attributed mainly to …
Cartoon of Psy gangnam style

'Op! Op! Op!' Gangnam Style earns Google $8m

Google has pulled in $8m from the over one billion YouTube views of Korean rapper – or K-pop entertainer, your call – Psy's Gangnam Style (강남스타일) video. That stunning figure was revealed by Google senior VP and chief business officer Nikesh Arora during Tuesday's conference call with analysts and reporters after Google released …
Rik Myslewski, 23 Jan 2013
The Register breaking news

Zynga CFO cuts out the middleman and moves to Facebook

Sinking ship Zynga has lost yet another senior executive, as chief financial officer Dave Wehner abandons the firm for a glittering career at Facebook. Zynga said that Wehner had resigned for a "senior finance position" at the social network that more or less provides Zynga's revenues. "Dave remains a good friend to us all and …
The Register breaking news

Google screams into top Opera soprano gig - again

Google will continue to serve as the default search engine for Opera Software's web browser for another two years, the Norway-based company confirmed today. The partnership between the ad giant and Opera applies to the outfit's mobile and desktop versions of its browser. Like other software of its ilk, Opera provides a little …
Kelly Fiveash, 22 Aug 2012
borg_cube

Oracle set for major Microsoft, Salesforce, Netsuite partnerships

Oracle is embarking on a spree of partnerships to assure the success of its much-ballyhooed 12c database among cloud companies. The red giant's chief, Larry Ellison, announced during Oracle's disappointing fourth quarter earnings call yesterday that Oracle will be forming alliances with NetSuite, Salesforce.com, Microsoft, and …
Jack Clark, 21 Jun 2013
Cat 5 cable

Samsung predicts galactic profits

Samsung Electronics said its third quarter profits should be up 12 per cent on the previous quarter, as its Galaxy line-up continues to haul in tonnes of won – despite its ongoing disputes with Apple. The Korean group pegged its approximate consolidated operating profit at $3.5bn (4.2 trillion won), up from $3.1bn (3.75 trillion …
Symantec quarterly results to Q4 fy2012

Symantec: Big as ever... just not growing

Symantec earned a staggering amount of money in its latest quarter but is stuck fast at a $1.6 to $1.7bn quarterly revenue level, seemingly unable to grow. It made $6,73bn in its fiscal 2012 year (fy212), a huge sum, and up 9 per cent on the prior year's $6.19bn. The final fy2012 quarter saw revenues of $1.68bn, which was down …
Chris Mellor, 03 May 2012
graph up

Nortel earnings slide 75 per cent

Troubled telecom equipment maker Nortel has posted a 75 per cent drop in profit in its fourth quarter. The Canadian-based company's delayed fourth quarter earnings come as it gradually gets its books back in order after an accounting scandal that led to several restated results, a regulatory investigation and the firing of a …
fingers pointing at man

HP to 'spinoff PC biz'

Hewlett-Packard is planning to spinoff its PC business, according to Bloomberg. An HP corporate spokesman declined to comment on the Bloomberg report, and neither would he reveal to us whether the news might be announced during the company's third-quarter earnings call, to be webcast at the close of US markets on Thursday. …
Rik Myslewski, 18 Aug 2011
The Register breaking news

Motorola reports record quarter

Motorola heralded record sales yersterday when it published the results for the fourth quarter of fiscal 2004. The company's sales hit $8.84bn, up 27 per cent on the year-ago quarter's $6.97bn and up a more modest 2.6 per cent on the previous quarter's $8.62bn. Net income totalled $687m (28 cents a share), up 56 per cent on Q4 …
Tony Smith, 20 Jan 2005
Sliced Bread

CEO bloodbath in storage land - four bigshots gone in one week

Four storage supplier chief execs have taken a hike in the past week. CEOs at Amplidata, OCZ, STEC and Virident all spun the revolving door. It's slightly scary that three of the companies are in the flash storage business; their top bosses have gone in a flash, so to speak. Here's a round up of what happened. STEC At STEC …
Chris Mellor, 20 Sep 2012
The Register breaking news

We're! not! a! social! network! yells! Yahoo!

Despite spending most of the past few years trying to make its services more social, Yahoo! is now claiming that it is definitely NOT a social network - and resents being lumped in with Google and Facebook to face charges in India of hosting “objectionable content” online. The faded web pioneer filed a strongly worded complaint …
Phil Muncaster, 22 Feb 2012
The Register breaking news

Facebook serves '23% of all US display ads'

Facebook now serves up more display ads than any other outfit on the US web, according to the latest numbers from market-research outfit comScore. In the third quarter, comScore says, the social network topped all other publishers with over 297 billion display-ad impressions, which translates to 23.1 per cent of the market. Its …
Cade Metz, 08 Nov 2010
The Register breaking news

Dish Networks looks forward to 'seat at the table' in wireless

As LightSquared continues to battle for the right to deploy LTE in its mobile satellite spectrum, the other major holder of such frequencies, Dish Network, has remained enigmatic. However, on its third quarter earnings call, chairman Charlie Ergen enlarged somewhat on the firm's plans, saying it would use its proposed LTE- …
Wireless Watch, 11 Nov 2011
The Register breaking news

MySpace quivers under News Corp axe

MySpace is continuing to limp along on the interwebs and the once hugely popular social network even gave itself a makeover last week. But News Corp, which owns the firm, could pull the plug on the entire operation within the year. As reported by another News Corp tentacle – All Things Digital – yesterday, Rupert Murdoch’s …
Kelly Fiveash, 04 Nov 2010
fingers pointing at man

Juniper needles way to recovery

Juniper Networks saw a slight drop in fourth-quarter profit, but the network kit maker unexpectedly topped its own estimates for revenue thanks to renewed spending from corporate customers and US phone carriers. The world's second-largest network kit maker is also optimistic for a rebound from 2009, which saw profits for most …
Austin Modine, 28 Jan 2010
The Register breaking news

Yahoo! fires! CEO! Carol! Bartz!

Carol Bartz is no longer the CEO of Yahoo!, according to a report citing sources at the company, and she has apparently confirmed the news with a brief note to company employees. The company has not yet responded to a request for comment. AllThingsD reports that chief financial officer Tim Morse has been tapped to serve as …
Cade Metz, 07 Sep 2011