Articles about Quarter Profits

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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
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'PENDING LARRY QUOTE' - Google financials dunder blunder

Quotw 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 …

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

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
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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
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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
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
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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

Oracle assures financiers they're not that important after all

Oracle comforted distraught investment bankers yesterday by delivering better-than-expected first quarter profits and pointing out it really doesn’t do that much business in the financial services sector. The database giant turned in revenues up 18 per cent to $5.3bn for the quarter ending August 31, producing a net profit of $1 …
Joe Fay, 19 Sep 2008
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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
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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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
The Register breaking news

Google - your source for FREE Adobe gear

Analysis With his ill-fated defense of Google's multi-million dollar Yahoo! handshake, chief legal officer David Drummond told Congress the search engine tie-up would rejuvenate the Yahoo! web with "better, more interesting ads." It's a common Google refrain. If you believe the party line, Mountain View's top secret advertising money …
Cade Metz, 26 Nov 2008
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

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
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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
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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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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

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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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) …
The Register breaking news

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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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
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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

Cisco battles Meltdown with mobile and video

Cisco CEO John Chambers claims to have a ‘playbook’ for coping with recessions, and two of its principles of survival are to prepare for the upturn in order to benefit more than rivals, and to use customers’ own pressures during the bad times to deepen relationships with them. Both of these principles will be tested in the …
Faultline, 13 Nov 2008
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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 …

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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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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Google remodels top secret money machine

Nowadays, even Google is questioning Google's rose-colored portrait of its ever-expanding search advertising monopoly. The way senior vp Jonathan Rosenberg tells it, Google will gradually tweak its AdWords ad platform until it displays almost no ads. Ad "coverage" on the world's largest search engine has certainly shrunk over …
Cade Metz, 02 Sep 2008
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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
The Register breaking news

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
The Register breaking news

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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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

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 deal …
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
The Register breaking news

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