Articles about Quarter Profits


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, …

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
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

Channel keeps its head above flood waters and is awash with money

The UK may well have been dealing with its worst floods since 1947, but the only thing flowing through the IT industry was cash - and plenty of it. First, sat nav company Tom Tom made a €1.8bn cash offer for Tele Atlas, the company that supplies map data to the sat nav firm's 10 million GPS devices. Then HP announced it was …
Billy MacInnes, 26 Jul 2007
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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

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

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

XP buried as users roll over, play dead for sex and choccy

DoubleClick gives Google double whammy against Microsoft We begin this week with Google which managed to pull off the coup of pissing off Microsoft big time by stealing DoubleClick from under its nose with a $3.1bn offer. Serial anti-trust defendant Microsoft has got so wound up it's even urged US regulators to probe the …
Billy MacInnes, 19 Apr 2007

Channel looks on the bright side, Woolies goes soft and Cisco aims small

Let the good times roll Let's start with the good news. According to a survey of European channel distributors and resellers (that means you), 2007 will be a year of strong sales growth and rises in revenue. The ETech 2007 survey found 70 per cent of channel distributors and resellers were confident about their business …
Billy MacInnes, 05 Apr 2007
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TomTom fails to put the brakes on Garmin

Car navigation equipment maker TomTom has lost its "me too" design infringment case against Garmin. In a normal summary proceeding TomTom asked a judge to prevent the sale of Garmin's StreetPilot c300 and c500 series in Europe, alleging that Garmin copied aspects of the TomTom GO design in its product line. Both companies make …
Jan Libbenga, 02 Nov 2006
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Google doubles down on Q2 profit

The time when Google doubling profits year-over-year impressed investors has passed. The ad broker-cum-search engine today reported a surge in second quarter profits to $721m from $343m in the same period last year. As a reward, investors sent Google's shares higher a paltry one per cent in the after-hours markets. But it's not …
Ashlee Vance, 21 Jul 2006

Investors' hopes rise as Microsoft's Q4 profit falls

Microsoft today erased investor worries over a 24 per cent drop in fourth quarter profits by announcing a massive stock buyback program and bullish results for its fiscal year. Redmond's fourth quarter revenue came in at $11.80bn - a 16 per cent year-over-year increase. The revenue gains, however, were offset by the large …
Ashlee Vance, 20 Jul 2006

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. …
John Oates, 24 May 2006

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

Bell swings into full year profit

Bell Microproducts yesterday reported a 140 per cent increase in fourth quarter profits. The distributor’s revenues in the period ending 31 December were $808m, up 26 per cent on the year, while net earnings were $5.8m, compared to the previous year’s $2.4m. For the full year, sales came in at $2.8bn, up 27 per cent on the …
Team Register, 17 Feb 2005
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NAI rows into the black (just)

Network Associates (NAI) today announced second quarter profits of $1.1 million on reduced revenues. For the three months to June 30, NAI's net revenue was $216.6 million - approx. 10 per cent down on last Q2's $233m. NAI's key landmarks for the quarter included the acquisitions of intrusion prevention firms IntruVert Networks …
John Leyden, 16 Jul 2003
Cat 5 cable

Veritas makes gains in Q1

Software maker Veritas saw its first quarter profits come in higher than expected but warned that sales could be harder to come by in the next three months. For the quarter ended March 31, Veritas generated $394 million in revenue and posted net income of $43 million. That compares with the $370 million and $44 million in net …
Ashlee Vance, 24 Apr 2003
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Nokia claims record Q4

Nokia ended 2002 with € 8.8bn cash, a record. And it had a storming Q4, so far as volumes are concerned, shipping a record 46 million handsets in the quarter. The company also claims record market share in Q4, estimating that it produced 39 per cent of all handsets sold in the quarter. Profits were up 132 per cent to €1.046bn ( …
Drew Cullen, 23 Jan 2003
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EDS faces SEC probe

The Securities and Exchange Commission (SEC)has begun an informal inquiry into the recent earnings warning from EDS and how it traded options on its common stock. The world's second largest outsourcing company has said it will "cooperate fully" with the SEC and is confident that the inquiry will confirm its actions were above …
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Microsoft misses targets, digs into pocket

ComputerWire: IT Industry Intelligence Microsoft Corp blamed slowing sales in its enterprise business and continued softness in PC sales for missing the third quarter profits targets, announced yesterday. Executives also restated guidance for fiscal 2003 against a background of continued economic uncertainty and increased …
ComputerWire, 19 Apr 2002
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Check Point says Sept 11 cost it $15-$20m

Check Point Software, best known as a supplier of firewall and VPN products, has reported healthy third quarter profits despite estimating the tragic events of September 11 cost it between $15-$20 million, due to interruption of its business. Revenues for Check Point's third quarter were $118.0 million on which it recorded a …
John Leyden, 18 Oct 2001
server room

3Com to fall further into red

3Com has issued a third quarter profits warning that means it will fall further into the red on lower than expected sales. The networking equipment maker is now pegging revenues for this quarter at between $625 million to $640 million, down from previous forecasts of between $725 million to $750 million. This will result in …
John Leyden, 01 Mar 2001
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Alcatel predicts increase in mobile, Net sales

Alcatel has forecast a slowdown in demand from service providers for networking equipment that will result in a slowdown of its growth this year. Announcing its annual results, Alcatel said that sales in its main telecoms business will rise by between 20 to 25 per cent this year, slightly down on an earlier forecast of 25 per …
John Leyden, 31 Jan 2001
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Tales from the Bubble Economy

2 May, 2000 Online business news service is looking decidedly shaky after its CEO James Cramer warned the company could "choke on losses" if it doesn't turn a profit before the cash runs out. Cramer also ruled out a new round of financing, admitting that the recent internet-stock fall has scared off investors. The …
Team Register, 04 May 2000
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Scandi firm buys 3000 domain names in trademark overkill

5 May, 2000 An anonymous Scandinavian company has spent $1 million (642,000) on more than 3,000 domain names in a bid to protect online identity. A spokesman for Webco,, said it had registered 3,080 top-level domains in more than 100 different global, generic and country codes, such as .com, .se, .it, .web, and .co. …
Team Register, 04 May 2000
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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
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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
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Taiwan quake blamed for Dell profit slip

Dell has warned that its third quarter profits will not be up to scratch because of the after effects of the Taiwanese earthquake. The direct PC seller said chip shortages resulting from last month's quake would effect profit for the three months ending 31 October. The 25 per cent hike in contract chip prices experienced over …
Linda Harrison, 19 Oct 1999
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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
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Sony Q1 profit down 55 per cent

The strong Yen and severe price cuts combined to hack 55 per cent off Sony's first quarter profits. For the three months to 30 June, saw net profits fall 55 per cent to Y18.43 billion ($158.8 million). Operating profit fell to Y42.24 billion ($364 million). Sony said its profits would have been down just 17 per cent if the Yen …
Team Register, 28 Jul 1999
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NetWare 5 sales see Novell earnings rocket

Novell saw second quarter profits double thanks to soaring sales of NetWare 5. The network software vendor posted net income at $38.7 million for the quarter ended 30 April, up from $19.3 million the previous year. Sales grew 20 per cent to $315.7 million from $262.3 million. Improved business conditions in Asia-Pacific saw …
Linda Harrison, 26 May 1999
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HP bucks trend with strong PC sales

Hewlett-Packard turned in surging second-quarter profits at over $900 million, bolstered by strong PC and printer sales. The figures topped analysts’ expectations, recording earnings of $918 million, for the three months ended 30 April. This was up on last year’s $685 million. Sales grew 3.3 per cent to $12.4 billion, and orders …
Linda Harrison, 18 May 1999
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Another senior Compaq exec flies the coop

Compaq has lost its fourth top dog in a month, with the departure of its head of services. Compaq senior vice president and general manager of services, John Rando, will resign as soon as a replacement is named, effective from 1 July, said the company. His departure will enable him to pursue personal interests, according to a …
Linda Harrison, 12 May 1999
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Compaq Q1 profit down 50 per cent on predictions

Compaq today posted "unacceptable" first quarter profits of $281 million. That's roughly half what Wall Street was expecting until the company admitted recently that things were not going too well, financially. Still, revenue for the period totalled $9.4 billion, up 64 per cent from the $5.7 billion it recorded last year. Sales …
Tony Smith, 21 Apr 1999
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Bug's Life fails to halt Pixar profit plunge

Steve Jobs is clearly spending too much time on his old stomping ground, spending too long away from the company where he's the real CEO, not some 'until the sign up the new guy' interim model. While Apple (interim CEO: Steve Jobs) recently recorded its fifth consecutive profitable quarter, Pixar (non-interim CEO: Steve Jobs) …
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A year ago: Inventory Whacks 3Com Q2

3Com's inventory problems made a severe dent in its fiscal second quarter profits, knocking them down to $15.1 million on $1.2 billion sales, against $115.7 million on $1.4 billion the previous year. The company has cut back shipments while excess stock clears from the channel, and has a class-action suit over its modem pile on …
Drew Cullen, 15 Dec 1998
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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