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Articles about Quarter Profits

WD Caviar Green 2TB

Disk daddy WD dishes out more drives, but profits dip anyway

For its final fiscal 2014 quarter WD revenues were flat at $3.7bn but profits declined despite the firm having sold a greater number of disk drives. SSD sales declined compared to the previous two quarters. The increased drive demand came from PCs, gaming devices and notebooks but, unfortunately gaming and notebook drives have …
Chris Mellor, 31 Jul 2014

Western Digital profits down despite revenue rise

Revenues for disk drive industry leader Western Digital's third fiscal 2013 quarter rose 24 per cent to $3.8 billion – compared to $3 billion a year ago – but profits fell 19 per cent. It's a hard life in the disk drive business. The previous quarter's revenues were $3.8 billion too; no change there, then. Third-quarter profits …
Chris Mellor, 24 Apr 2013

Symantec: WA-HEY... profits. But security firm's sales won't budge

New CEO equals new broom equals same old dust; just looking at Symantec’s latest quarterly numbers we see it’s still stuck in the $1.6bn - $1.8bn range but is getting a bit more profitable. For its third quarter, ended 27 December last year, the software giant’s revenues were $1.7bn, 5 per cent down on the year-ago $1.79bn and …
Chris Mellor, 30 Jan 2014
Swiss Cow

Street-beating Brocade bounces back

Storage networking biz Brocade has bounced back from its disappointing and loss-making second quarter results with third quarter profits and a revenue rise. The quarter finished on 2 August and revenues of $545m were 2 per cent up on the previous quarter and the year-ago one – not dramatic but nice and steady. Net income (profit …
Chris Mellor, 22 Aug 2014
arrow pointing up

Lenovo posts an INCREASE in desktop PC and notebook sales

Lenovo, the world’s largest maker of PCs, saw its profits leap 24 per cent this spring. The China-based manufacturer reported first-quarter profits of $211m, compared to $170m for the year before. That was from revenue that jumped 18 per cent to £10.39bn. Earnings per share for the giant were up, from $1.65 to $2.03 for the …
Gavin Clarke, 14 Aug 2014
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 …
Diver peers through sub window. credit: Alexander Rist  http://www.sxc.hu/profile/OwnMoment

Swollen-bellied Riverbed spears trout of doubt: Opnet buyout blues over

Riverbed, the WAN optimising and cloud storage gateway biz, has announced a sparkling new Steelhead appliance and pretty shiny results as it recovers from digesting an acquisition. Which first? Let’s go for the revenues and earnings. Fourth quarter 2013 revenues were $283m – satisfying growth compared to revenues of $262m in the …
Chris Mellor, 18 Feb 2014
Amusement park slide

WD results confirm it: Disk buyers ARE spending less

Is there a disk drive sales slump? Seagate's latest quarterly results suggested it and now WD's results confirm it. Enterprise disk drive buyers are spending less money. Despite all the marketing/analyst guffery about data bloat driving storage sales, both Seagate and Western Digital have seen lower sales in the last three …
Chris Mellor, 01 May 2014
Suitcase bulging with cash

Biz data-furtler CommVault reveals unexpected riches

CommVault's government and enterprise customers bought its software in record numbers, leading to a spike in revenues and a sudden onrush of affection from Wall St brokers when it beat estimates for both sales and profits. That said, the firm is a one-trick pony, but what a pony; the nag just keeps on running. CommVault produces …
Chris Mellor, 01 Feb 2013
Seagate GoFlex FireWire 800 external hard drive

Seagate: Oh no, is my enterprise disk sales slip showing?

Seagate saw a 9.3 per cent slip in enterprise disk drive sales in its first fiscal 2013 quarter and revenues fell to $3.732bn compared to the previous quarter's $4.482bn. However, revenues were higher than the year-ago quarter's $2.8bn, when a profit of $140m was made. In the latest quarter profits were substantially higher at $ …
Chris Mellor, 01 Nov 2012

Flash cheaper than disk? 'Customers aren't buying that', says NetApp CEO

NetApp's CEO Tom Georgens philosophised about flash storage in the company's latest earnings call with analysts. The top boss said non-volatile NAND memory isn't the be-all and end-all in storage: what matters is where active and inactive, hot and cold, data is stored, and how dear each of those holding pens are. “Flash, on a …
Chris Mellor, 16 Aug 2013
The Register breaking news

Amazon: We have great cash flow - it flows straight out of our hands

Amazon's shares hit a record yesterday, despite well-disguised but nonetheless concerning full year financial results and fourth quarter profits. Investors were lapping up the giant etailer's shares after hours, pushing the stock up 8.7 per cent to $260.35. But their enthusiasm was somewhat confusing, as Amazon's yearly figures …

WD: Enjoying our $630m, Seagate? Let's ruin your day with our results

It might still be smarting from the $630m it just doled out to Seagate, but WD widened the gap between itself and its arch competitor with its fourth quarter and full year results. Overall, the world's biggest HDD maker sold more drives more profitably - and coped with the PC downturn better. Revenues for WD's fourth financial …
Chris Mellor, 25 Jul 2013
The Register breaking news

Dell removes $100m from profits over SEC probe

Dell has removed $100 million from its first-quarter profits, setting the cash aside for a potential settlement with the US Securities and Exchange Commission, which is investigating the PC giant's accounting and financial-reporting practices and its relationship with Intel. In a statement released Thursday, the company also …
Cade Metz, 11 Jun 2010
The Register breaking news

Sony Ericsson sees profits tumble, turns on workers

There'll be long faces at Sony Ericsson this evening, with the gloomy news that the mobemeisters is cutting 2,000 jobs after pulling in just €6m in profits in the last three months. This is a massive slide on the €220m the company made during the same period in 2007, despite shipping almost as many phones. In their second …
Bill Ray, 18 Jul 2008
Three monkeys

SanDisk: 3D flash chips? Sure, buddy, we'll see you in 2016

Electronics giant SanDisk will be deliberately late in building 3D flash dies. It believes current NAND chip technology has two more generations left before going 3D becomes cost-effective. Like every other NAND fab operator, SanDisk's strategy is to shrink the current 2D NAND dies as small as possible and then start stacking …
Chris Mellor, 18 Jul 2013

Seagate's bottom line smacked as users bin desktops for tablets

Hard drive-maker Seagate's third quarter profits slipped by a whopping 64 per cent year-on-year as the company's bottom line was hit by users deserting desktops for tablets. Revenues for its third fiscal 2013 quarter were $3.53bn, 20 per cent down on an annual basis when revenues were pumped up through Thai flood drive shortages …
Chris Mellor, 02 May 2013
Computacenter

Computacenter down on falling profits

Computacenter shares are down more than seven per cent this morning after the firm reported a 14 per cent fall in profits in the first six months of the year. Interim results for the six months ended 30 June 2008 showed the reseller increased revenues by 7.8 per cent to £1.25bn, thanks mainly to currency movements. But profit …
John Oates, 28 Aug 2008

Cheap flash sinks SanDisk's profits

SanDisk's second quarter profits sunk 71 per cent as the #1 flash memory manufacturer suffered through declining prices, but promised market stabilization is in the cards. Q2 income floundered at $28.5m during the quarter, a far reach from the $95.6m the company earned during the same period last year. According to SanDisk, the …
Austin Modine, 19 Jul 2007

Disk demand after Thai floods drains away - unlike Seagate's coffers

Seagate may not have done as well as it had hoped to do in its latest quarter, which was down on the previous three months, but its $1bn earnings are still much, much better than a year ago. The disk drive dealer also defied industry speculation by failing to announce an OCZ acquisition. But it did say it could buy an SSD …
Chris Mellor, 31 Jul 2012
SAP

SAP reports profits drop, delays ByDesign rollout

SAP has increased revenues for the first quarter of this year, but net income has fallen and it is delaying the rollout of its webhosted business management product. Results for the first quarter ended 31 March 2008 show revenues up 14 per cent to €2.46bn, but net income is down 22 per cent to €242m, compared to €310m for the …
John Oates, 30 Apr 2008
channel_teaser_exit

Brocade CEO Michael Klayko quits - just as his biz perks up

Brocade has turned in an adequately solid quarter, with better-than-expected sales and profit after a string of weak and flat quarters, so why would CEO Michael Klayko choose to resign now? The company makes and sells storage area networking switches and director boxes running Fibre Channel, and has a line of Ethernet switches …
Chris Mellor, 17 Aug 2012
channel

Tech Data profits evaporate

Computer 2000's parent, Tech Data saw its shares rise slightly yesterday, despite the company posting a big fall in first quarter profits. The distie watched turnover fall by 2.4 per cent to $4.9bn for the first quarter of 2007, ended 31 April 2006. Profits also fell sharply - from $33.5m in the first quarter of 2005 to $12.9m …
John Oates, 24 May 2006
Sun

Sun profits evaporate as darkness falls on US economy

Sun promised to buy back $1bn worth of shares from stockholders today as it announced static revenues and a slump in fourth quarter profits. Revenues came in at $3.78bn for the quarter ending June 30, down 1.4 per cent on the year. Profits collapsed though, coming in at $88m, compared to last year’s $329m. This resulted in …
Joe Fay, 01 Aug 2008
The Register breaking news

Wall Street frowns on ginormous Google profits

Google's ginormous second quarter profits didn't quite match Wall Street expectations, driving share prices down as much as 7 per cent in after hours trading. But it sounds like Sergey Brin will soon crank that big dial on the company's secret money machine, making everything A-OK in Q3. In Q2, the world's largest ad broker …
Cade Metz, 17 Jul 2008

CEO: NetApp revenues falling, but 'we aren't in a clampdown'

The brakes went on NetApp sales in its latest quarter with no growth and profits more than halved, but it is not seeing a downturn which could lead to potential restructuring. The company recorded revenues of $1.445bn for its first fiscal 2013 quarter, 1 per cent down annually but a 15 per cent drop from the previous quarter. …
Chris Mellor, 16 Aug 2012
The Register breaking news

Amazon profits up nearly three-fold

No surprise here: Amazon is selling more stuff than ever. Today, the world's most famous online retailer announced second quarter profits of $78m, a 257 per cent leap from the same quarter last year, and net revenues of $2.88bn, a 35 per cent increase. As usual, the company took this as an opportunity to trumpet Amazon Prime, …
Cade Metz, 24 Jul 2007
channel

NetApp profits up, forecast down

Strong sales led Network Appliance fourth-quarter profits higher 51 per cent over the same period last year. Despite such a solid haul in Q4, the company expects a sales slump to lower revenue sequentially in the current quarter. The network storage supplier reported $89.6m in Q4 income, compared to last year's 59.2m. Sales …
Austin Modine, 23 May 2007
axe_channel_teaser

Siemens expected to announce job cuts, closures

Siemens chief Peter Loescher will outline a plan today on how the industrial tech giant will attempt to save up to €4bn ($5.2bn, £3.2bn), one that is widely expected to include jobs cuts and office closures. Despite the German economy's strength compared to the rest of Europe - or even arguably most of the world - global hard …
homeless man with sign

Brocade Q3 profits down 56 per cent

Brocade's third quarter profits were down 56 per cent over last year, as the company coffers continue to be pounded by the purchase of McData and further compounded by hefty legal fees. The San Jose-based network storage firm today posted a GAAP net income drop to $10.7m, down from $24.5m a year earlier. The profits were hit by …
Austin Modine, 23 Aug 2007
BT

BT jobs axe slashes profits

BT's second quarter profits have been spanked 29 per cent by its cull of middle management and accompanying restructure, the firm revealed today. In the three months to 30 September, BT's net income was £435m, down from from £629m a year ago. Pre-tax, and not including the outlay on job cuts and other reorganisation charges, …
globalisation

Adobe can't penetrate punters' tight wallets: Users holding out for CS6

Adobe's first quarter profits took a bashing as customers of its legacy desktop software deferred purchases in anticipation of forthcoming Creative Suite 6 and Creative Cloud. The maker of reassuringly expensive software saw net income slide 21 per cent to $185.2m for the first quarter ended 2 March. Total sales edged up 1.3 …
Paul Kunert, 20 Mar 2012

NetApp streaks ahead, avoids trip-up by bum flash leg

NetApp is a veritable money machine these days, and is currently clocking in growing fourth quarter and annual results, but a blip may have appeared on the horizon as it searches for a way to bolster its flash offering. The tech giant has signalled it will partner up to expand on flash technology and work on a few in-house …
Chris Mellor, 24 May 2012
The Register breaking news

HTC phones held up at US ports after Apple patent ban

US sales of two new HTC smartphones have been held up at customs over the company's patent battle with Apple. The fruity firm bagged a small win against HTC in December last year with the International Trade Commission that covered just two claims on a patent. HTC immediately said it would put workarounds in all its new mobiles …

Apple cautious after record quarter

Apple posted a record quarter but gave a cautious outlook today, as Mac sales have started to slow down during the transition to Intel processors. The company cleared a profit of $565m on record earnings of $5.75bn in Q1 2006, which ended 31 December, and which included the Christmas shopping season. More than half of Apple's …
Andrew Orlowski, 19 Jan 2006
The Register breaking news

Google cranks ad money machine to $8.58bn

Google's first quarter profits weren't quite as stellar as Wall Street expected, as the web giant boosted salaries across the company, hired an additional 1,900 minds, and continued to pour money into its worldwide network of data centers. The company's non-GAAP earnings reached $3.23 billion in quarter ending March 31, or about …
Cade Metz, 14 Apr 2011
The Register breaking news

Yahoo! revenues! dip! 4! per! cent!

Yahoo! revenues dipped 4 per cent during its fourth quarter as the company adjusts to life as a Microsoft spouse. During the quarter ending December 31, Yahoo!' pulled in $1.2bn if you exclude traffic acquisition costs, down from $1.26bn in the same quarter last year. The company said the 4 per cent drop was due in large part to …
Cade Metz, 25 Jan 2011
The Register breaking news

'PENDING LARRY QUOTE' - Google financials dunder blunder

This was the week some Googler's finger slipped at just the wrong moment, sending its rather worrying financial results out a mite too early. The Chocolate Factory's third quarter profits were much lower than expected and its revenue, famed for continued growth, has slowed down. It was quite clear that the early release was a …
The Register breaking news

Compaq profits down, but company exceeds forecasts

Compaq's third quarter profits have beaten expectations, despite falling 78 per cent to $115 million. Sales were up 36 per cent on the previous year's Q3, to $8.8 billion, and CEO Eckhard Pfeiffer says that integration of Compaq and Digital operations was on track during the quarter. Compaq also managed to improve gross margins …
John Lettice, 14 Oct 1998
The Register breaking news

eBay marketplace reverses revenue shrinkage

eBay's bread-and-butter marketplace business is growing again. In the fourth quarter, the company recorded $1.5bn in marketplace revenues, a 15 per cent leap from the previous year. This - along with another beefy quarter from PayPal - helped boost total Q4 revenue to $2.4bn, a 16 per cent increase from the fall of 2008, when …
Cade Metz, 20 Jan 2010
The Register breaking news

eBay halts nine months of revenue shrinkage

eBay's revenues are on the rise again, thanks to the continued growth of its PayPal and Skype operations. But in the third quarter, the online tat house saw profits plummet nearly 30 per cent. The news sent its share price tumbling more than five per cent in after hours trading on Wednesday. In the quarter ending September 30, …
Cade Metz, 21 Oct 2009
The Register breaking news

Dell pays $100m to settle accounting fraud charges

Dell has agreed to pay $100 million to settle US Security and Exchange Commission charges that it failed to disclose information to investors and used fraudulent accounting practices to give the false impression it was meeting Wall Street earnings targets. Separately, Michael Dell – the company's founder, chairman, and CEO – …
Cade Metz, 22 Jul 2010
The Register breaking news

BT disappoints City with Q1 profits

BT unveiled disappointing first quarter profits yesterday, triggering a drop in its share price as the City reacted to results which were at the bottom end of analyst forecasts. Shares dropped 44p to £10.86 at the close of business as pre-tax profits for the three months to 30 June recorded only a seven per cent improvement to £ …
Chris Steel, 30 Jul 1999
The Register breaking news

Apple Q2 profits jump 72 per cent

Apple yesterday announced a near doubling in its second quarter profits, jumping from $135 million last year to $233 million this time round. That said, Apple once again padded out its results with an exceptional item - if something that's been a consistent feature of the company's last half-dozen or so quarters can be called a …
Tony Smith, 20 Apr 2000
The Register breaking news

Microsoft Q3 profits up ahead of Street expectations

Microsoft yesterday beat Wall Street expectations by two cents a share, thanks to a 23 per cent rise in third quarter profits. Net profits for the quarter reached $2.39 billion, up from $1.91 billion for the same period last year. Those figures translate into earnings of 43 cents a share and 35 cents a share, respectively. Mind …
Tony Smith, 21 Apr 2000
homeless man with sign

Fancy buying Brocade – again?

Fibre Channel and Ethernet networking company Brocade may be shopping itself around again, the The Wall Street Journal reports – again. Two years after reporting that Brocade had hired investment banker Qatalyst to find a buyer, the WSJ is at it again. According to people familiar with the matter, Brocade is up for sale, with …
Chris Mellor, 28 Oct 2011

EMC shares ride VMware madness

EMC saw its stock price leap more than eight per cent today, thanks in part to its 86 per cent stake in the hotter-than-hot virtualization outfit, VMware. This morning, the storage behemoth announced third quarter profits of $492.9m, a 77 per cent increase from the same quarter last year, and by 2:37 eastern standard time, its …
Cade Metz, 25 Oct 2007
acer logo

Acer uses Europe, Asia to bounce past profit forecasts

Acer today reported a better than expected rise in second quarter profits after increasing its market share in Europe and Asia. Net profit was up 47 per cent to NT$2.92bn ($95m), or NT$1.17 a share, from NT$1.98bn, or 76 cents, a year earlier. Analysts had forecast NT$2.62bn for the company's Q2. The Taiwanese computer maker …
Kelly Fiveash, 31 Jul 2008
Samuel Palmisano

IBM misses memo on economic slowdown during Q2

IBM has yet again shrugged off the global economic slowdown with second quarter profits leaping 22 per cent and revenues rising. Although improvements were reported across most operations, IBM's bread-and-butter services division was the star of the show. "I've got to say that this is one of the best quarters I've ever seen," …
Austin Modine, 18 Jul 2008
The Register breaking news

Yahoo! Will! Axe! One! Thousand! Workers!

Yahoo! president Sue Decker believes her company is "moving from catch-up mode to a mode of true differentiation." But its fourth quarter profits were down 23 per cent, and it will soon axe seven per cent of its work force. This afternoon, during a conference call for the benefit of industry analysts and reporters, Decker and Co …
Cade Metz, 30 Jan 2008