Articles about Results

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Maintel blames Avaya bankruptcy protection for sales hit

UK comms and networking integrator Maintel has blamed trading partner Avaya’s bankruptcy filing in the US for slowing customer demand on this side of the pond. Maintel said in preliminary half-year results that its managed services division was “negatively affected” by delays to customer installations caused by the telco …
Kat Hall, 11 Sep 2017
Older woman with shocked expression speaks on fixed line phone... photo by Shutterstock

Network and IT investment spanks Three's bottom line

UK mobile operator Three posted a drop in operating income of 15 per cent to £197m in its first-half results, due to costs associated with network and IT infrastructure investment. In a call the company said it is preparing to ramp up investment in its network to prepare for the onset of 5G technology. Total revenue for the …
Kat Hall, 3 Aug 2017
Tesla Model 3

Tesla: Revenues up, losses deepen, in start to 'exciting' 2017

Elon Musk’s ‘leccy car firm Tesla has boosted its revenues and deepened its losses, according to its latest quarterly results. Total revenues for the first quarter of fiscal year 2017 were $2.96bn, more than double the $1.15bn figure for Q1 last year. Net profits were negative, being a loss of $397m. Last year the company made …

Soaring sales, healthy fat profits... Simply not good enough, Nvidia

Nvidia continues to ride the AI hype wave, raking in $2.17bn in sales in three months – its best quarterly results yet, apparently. Jen-Hsun Huang, CEO and cofounder of the graphics chips biz, told investors and analysts on a conference call on Thursday “we’re at the beginning of an AI computing revolution.” Well, at least he' …
Katyanna Quach, 10 Feb 2017
Dido Harding, Chief Executive of TalkTalk

TalkTalk teen hacker pleads guilty as firm reveals £22m profit jump

TalkTalk has unveiled a healthy jump in post-tax profits on the same day a 17-year-old boy pleaded guilty to hacking the British telco. This morning the teenager, who because of his age cannot be named, pleaded guilty at Norwich Youth Court to seven charges under the Computer Misuse Act. He will be sentenced on 13 December, …
Gareth Corfield, 15 Nov 2016
Suitcase full of money

Akamai rides on the botnet's back to US$584 million quarter

Cloud computing security has driven a 6 per cent year-on-year revenue growth for Akamai, up from $US551 million last year to $584 million for Q3 2016. The company's third quarter financial report shows its performance and security business unit turned in $345 million in revenue, 19 per cent higher than for the same quarter in …

Cisco raises axe above 14,000 staff – reports

Updated Cisco is rumoured to be laying off up to 14,000 staff - nearly 20 per cent of its global workforce - part of a shift toward becoming a software-focused biz. Multiple sources have told US site CRN, the cuts will hit between 9,000- 14,000 of the company's global 73,104 employees. The biz has 7,000 employees in the UK. "They …
Kat Hall, 17 Aug 2016
Asus S1

Mobile malaise drags down Asus Q2 numbers

Asus has reported a double digit slide in net income for the fourth quarter, highlighting that even overtaking Apple in the computer sales stakes is no golden ticket to world domination. The netbooks and bikinis innovator turned in Q2 net revenues of $NT93.9bn (£2.3bn), a 5 per cent slip on the same period last year, results …
Joe Fay, 12 Aug 2016
walking_fingers

TalkTalk: 9,000 broadband customers did the walk walk last quarter

UK ISP TalkTalk has confirmed 9,000 customers abandoned its broadband services in the first three months of fiscal '17 ended June – and that overall group sales were pretty much flat on the prior year period. The provider did not release the exact turnover for the period - that comes at the half way point of the year - but it …
Kat Hall, 20 Jul 2016
Microsoft CEO Satya Nadella

Microsoft Azure doubles up to $800m a quarter – and is wiped out by dying phone sales

Analysis All eyes were on Microsoft's cloud business today as it published its fourth-quarter and full-year financial results. Amid the numbers, Redmond boasted that its Azure revenues from the quarter were up 102 per cent year-on-year – we estimate the cloud service's revenue to be about $800m in total for the period. Meanwhile, …
Iain Thomson, 20 Jul 2016
US Dollars by https://www.flickr.com/photos/pictures-of-money/  https://creativecommons.org/licenses/by/2.0/ Attribution 2.0 Generic (CC BY 2.0)

Hardware sizzles for HPE – and brings home the bacon

Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise. For the three months ended 30 April (second quarter fiscal year 2016 – summary, tables [PDFs]), HPE's turnover edged up one per cent …
Paul Kunert, 25 May 2016
Amazon CEO Jeff Bezos

Amazon's AWS cash machine embiggens, breezes past $2bn-a-quarter mark

Amazon has reported bumper first quarter results, with profits of $513m and sales increasing 28 per cent. In its previous quarterly results Amazon's stock took a beating after the company reported a lower than expected sales. After Thursday's results, the company was back in favor and saw its stock price rise over 10 per cent …
Iain Thomson, 28 Apr 2016

T-Mobile US gobbles up another 2.2m customers

For yet another quarter, "uncarrier" T‑Mobile US has shown that there is money to be made in giving customers what they want. Its revenue for Q1 2016 was up on the year-ago period to $8.6bn, beating analysts' expectations: Revenues: Up 10.6 per cent year-on-year to $8.6bn. Service revenues up 13 per cent year-on-year to $6. …
Kieren McCarthy, 26 Apr 2016
Railway line split. Pic: Ian Sane

Wobbly Acer goes two-legged to steady itself

Acer is to split into two in an effort to stabilize an uncertain recovery. The company will move its "core business" of PCs, servers, tablets and monitors under one umbrella and its "new business" of cloud services, smartphones and wearable devices under another. The restructuring is the same as we outlined earlier this week …
Kieren McCarthy, 24 Mar 2016

Systemax bleeds cash, reports $100m net loss for 2015

The cost of exiting its North America reseller biz propelled Systemax’s net losses to nearly $100m in calendar 2015 - but European ops might just be finally showing some signs of recovery. The supplier, in the midst of a turnaround strategy, offloaded the Technology Group reseller biz in December to PCM for $14m but then …
Paul Kunert, 9 Mar 2016

T-Mobile US triples profit, adds two million customers

T-Mobile US has continued to tap into widespread frustration with competing mobile phone carriers by adding 2.1 million customers in the last quarter of 2015 and tripling its profits. The Q4 results show the company's net income jumped to $297m from $101m one year previously. It also pulled in an additional 2.1 million …
Kieren McCarthy, 17 Feb 2016
Cisco RFGW-1-D Edge QAM

Enterprise network spend hits the brakes – and Cisco's OK with that

The financial market turmoil that's characterized 2016 has led Cisco to set modest expectations for the coming three months. Having said that, the networking giant is pleased with its performance in Q2 of its fiscal 2016, aka the quarter to January 23. Its US$11.8bn second quarter revenue (normalized to exclude the cable …

ARM pumps fist as profits soar, warns of weaker hand in 2016

Chip designer ARM once again posted bumper annual results, with profits up 31 per cent to £414.8m on revenue of £968m, up 22 per cent. During the year the company shifted 14.8 billion ARM-based chips, up 16 per cent on 2014. But the company warned that increased economic uncertainty during 2016 "may influence consumer and …
Kat Hall, 10 Feb 2016

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