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Articles about Revenue

AVG stung as search revenue from freebie scanners dries up

Security software firm AVG net income has fallen from $24.7m in Q2 2013 to $13.7mn in Q2 2014, according to financial results out Wednesday. The profits slide is explained by the slip in revenue from $100.4m in Q2 2013 to $88m in the three months running up to 30 June 2014. AVG responded to the results by revising its outlook …
John Leyden, 31 Jul 2014
Ciscoblood

Cisco revenue dip means 6,000 staff to be de-assimilated

Facing rising competition, Cisco has announced another round of layoffs – 6,000 – in financial results that beat analyst expectations but were still flat. Presenting the company's latest quarter results, CEO John Chambers announced the latest round of layoffs, but was at least able to give a sliver of good news, with revenue …
Bill_Veghte

HP storage revenue downturn? It's just a 'kink', says exec

HP's first calendar 2014 quarter storage revenue downturn was a blip, according to the global head of its enterprise group – though analysts at IDC may not agree. Bill Veghte, exec veep and GM of HP's Enterprise Group, was speaking about the calendar Q1 numbers that co-incide with HP's second fiscal quarter. He told us the …
Chris Mellor, 01 Aug 2014
Racks inside Rackspace's Sydney Data Centre

Rackspace: Record revenue shows managed cloud strategy 'working'

Despite record revenue growth in the second quarter and good expectations for this quarter, profit at Rackspace Inc was flat, disappointing shareholders. The former hosting firm said it had added thousands of new customers as it tries to transition itself into a cloud company in the midst of serious price competition from the …
Fraud image

Days since IBM last reported revenue growth: About 810

IBM revenues have overall declined, year on year, for the ninth quarter in a row as the company struggles to adjust to a cruel world increasingly led by lower-cost competitors. The venerable tech company reported second quarter of 2014 financials on Thursday. Revenues for the period were $24.4bn, down two per cent on the $24. …
Jack Clark, 17 Jul 2014
Blackberry_bold_9000_all_sides

BlackBerry revenue slips below $1bn as users shun BB10

BlackBerry's revenue slipped below a billion dollars in the fourth fiscal quarter for the first time since 2007, as its smartphone sales continued to slide, but its losses were slightly less than expected. The ailing Canadian firm reported a net loss of nearly $6bn for the year up to the start of March and a loss of $423m for …
Veeam v7 data flow

Veeam chases $1bn revenue dream as VC joins board

Veeam is looking more and more like the Data Domain of virtual server backup suppliers, announcing 100 per cent annual growth in second quarter bookings, boasting more than 73,000 customers and securing a new VC partnership to take it to the $1bn annual revenue level. That would mean, El Reg's storage desk thinks, passing …
Chris Mellor, 06 Aug 2013
Google sign outside Mountain View headquarters

Google's ad-slinging juggernaut gobbles more BEEELLIONS in revenue

Google turned in another impressive earnings report on Thursday, with the giant ad-slinger's revenues reaching record highs both for the fourth quarter and for fiscal 2013. Total revenues for the three months ending on December 31 were $16.86bn, a 17 per cent hike from the year-ago period. And ignoring the impact of the Motorola …
Neil McAllister, 30 Jan 2014
VMware logo

Management tools lead VMware through $5bn annual revenue barrier

VMware has cracked the $US5bn barrier for the first time on the back of 17 per cent year-on-year revenue growth it says it can repeat again during 2014. The company also reported Q4 revenue of $1.48bn, up 15 per cent from 2012's fourth quarter. Virtzilla's current hero is its management and automation software. Just about …
Simon Sharwood, 29 Jan 2014

SEC: We won't slap IBM over its cloud revenue reporting

IBM has announced that it has avoided any regulatory action over the way it reports its revenues from cloud computing after the US Securities and Exchange Commission completed its investigation. The company said in a filing that it had been notified that the market authority wasn’t planning any action over its cloud business. “ …

Google: Thanks for the billions in revenue, UK. Here are your taxes, that's ... £11m

Google paid Britain £11.2m in corporation tax in 2012, the company confirmed today. That's slightly more than the £7.3m the ad giant coughed up in 2011. But the latest figure, confirmed by Google to The Register this afternoon, will no doubt enrage the search king's critics - including Labour MP and Parliament's Public Accounts …
Team Register, 30 Sep 2013

Apple ups revenue estimates in wake of nine million–phone weekend

In a filing with the US Securities and Exchange Commission, Apple has announced that it now expects its revenue to come in at the high end of the range it projected when it announced its financial results for its third fiscal quarter of 2013 this July. In the filing this Monday, Apple CFO Peter Oppenheimer cited the sale of nine …
Rik Myslewski, 23 Sep 2013

Brocade's fat pipes shrink: Fibre Channel revenue dip ahead

Brocade has cut its current quarter's estimated revenue by between $19m and $34m, implying there may be trouble afoot in the Fibre Channel world. Brocade makes Fibre Channel equipment for use linking networked storage arrays to servers, plus a line of Ethernet switch gear. Recently the company reduced its revenue expectations …
Chris Mellor, 03 May 2013

ARM posts sterling revenue growth, but moneymen spank it anyway

UK chip designer ARM Holdings PLC announced its financial results for the fourth quarter of 2013 on Tuesday, and despite solid revenue growth and a positive guidance, the company behind the chips that power the vast majority of the world's smartphones and tablets was spanked by The City's moneymen. The reason for the immediate …
Rik Myslewski, 04 Feb 2014
Quantum CEO Jon Gacek

Quantum expects to see Q3 revenue hike, sheds 60 extra bodies

Quantum expects to report a seasonal third quarter revenue hike in its third 2014 fiscal quarter ended 31 December, with lower costs helped by manufacturing outsourcing and several additional redundancies. El Reg storage desk has received several emails about the latter and they were also confirmed by the company. Revenues for …
Chris Mellor, 16 Jan 2014

Fed watchdogs sniff around IBM's cloud revenue reporting

IBM filed its quarterly 10-Q report with the US Securities and Exchange Commission Wednesday morning, and buried in that lengthy document is a note that the Securities and Exchange Commission (SEC) has raised an eyebrow over the way IBM recognizes its revenues for cloud computing. There is not a whole lot of detail about exactly …
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

AMD lowers revenue expectations in run up to Q3 report

AMD has announced lowered expectations for its third-quarter financial results, with revenues declining 10 per cent from the previous quarter, down from the 1 per cent – give or take 3 per cent – that it had previously projected. "The lower than anticipated preliminary revenue results are primarily due to weaker than expected …
Rik Myslewski, 11 Oct 2012
The Register breaking news

Another quarter, another $14bn in revenue for Google

Google announced an impressive start for its fiscal 2013 on Thursday, reporting first-quarter revenues of $13.97bn – an eyebrow-raising 31 per cent increase from the same quarter last year. That growth was perhaps not quite so remarkable, however, when you consider that the online ad giant also pulled in $14.42bn in Q4 of 2012 …
Neil McAllister, 18 Apr 2013
Photo of a stack of $100 bills

Hey, what's inside those Imation Nexsan arrays? Whoa, bundles of cash?

The pace of revenue decline at storage biz Imation is lessening – but the loss-making continues: its second quarter results show storage media revenue falls outweighing storage array and security product revenue rises. Net revenue for the quarter, ending June 30, was $178.6m, down 15.6 per cent from a year ago but flat compared …
Chris Mellor, 01 Aug 2014

Google exhales another $14bn revenue figure

Google reported hefty earnings of $14.11bn on Monday for the second quarter of its fiscal year, up 19 per cent on the same quarter a year ago. The growth was even ahead of last quarter's $13.97bn, though that had been down on Q4 2012's $14.42bn and Q3's $14.10bn. Net income was $3.23bn, down slightly on quarter one's $3.35bn, …
Jack Clark, 18 Jul 2013
Microsoft Surface bomb

Microsoft confirms secret Surface will never see the light of day

Speculation that Microsoft contemplated a “mini” version of its Surface fondleslabs, but decided not to let it see the light of day, has been confirmed in Redmond's 8-K form lodged with the US Securities and Exchange Commission (SEC). The filing includes a section on “Computing and Gaming Hardware” that says “Current year cost …
Simon Sharwood, 24 Jul 2014

Cray posts modest loss, awaits Q4 revenue wave

Supercomputer maker Cray turned in a slightly better than expected second quarter, with a modest bump in revenues and a slight loss. This is a win in the ever-choppy supercomputer racket – and particularly for Cray in a second quarter. For the past three years, Cray has been cramming a large portion of its sales in the final …

Apple squeaks over revenue estimates, misses earnings target

Apple reported revenues in its fourth fiscal quarter that topped the Wall Street moneymen's predictions – but only barely. Its earnings per share, however, came in lower than most predictions. Cupertino posted quarterly revenue of $36bn, which resulted in a quarterly earnings-per-share (EPS) of $8.67. According to the 47 …
Rik Myslewski, 25 Oct 2012
Don Draper is sad

We told you jailbreaking your iThing was dangerous

Chinese malware has infected more than 75,000 iPhones and hijacked some 22 million advertisements and stealing revenue from developers on the iOS jailbreak community, virus prober Axelle Apvrille says. The AdThief malware relied on the Cydia Substrate extension present only on jailbroken Apple devices to hijack advertising bucks …
Darren Pauli, 13 Aug 2014

Bitcoin mining rig firm claims $3m revenue in just FOUR DAYS

It is said that during a gold rush, the people who make the real money are the ones selling the spades. The same appears to be true with Bitcoin, judging by the whacking great revenues announced by a firm which makes computers dedicated to mining the cryptocurrency. KnCMiner, a Swedish manufacturer of Bitcoin mining machines, …
Jasper Hamill, 14 Nov 2013
Lightning

AWS hell no: Can Microsoft Azure sales beat Amazon's cloud?

There's a prospect coming into view of Microsoft’s Azure cloud offering passing Amazon's AWS in cloud revenues. Fancy that. Azure grew its commercial cloud services revenue 147 per cent on an annual basis in the second quarter of 2014, and has an annualised run rate of $4.4bn. So says financial analyst Aaron Rakers, the MD of …
Chris Mellor, 28 Jul 2014

Intel prods PC market's corpse, corpse shouts 'I'M NOT DEAD!'

Chipmaker Intel has raised its revenue expectations after discovering that the PC market is less moribund than it imagined. Chipzilla said on Thursday that "as a result of stronger than expected demand for business PCs," it was raising its second-quarter growth revenue estimate from $13bn to $13.7bn. "Intel now expects some …
Jack Clark, 12 Jun 2014

Amazon's cloud on track for $2bn in revenue in 2013

Bezos & Co's cloud looks likely to turn over at least $2bn in 2013 and potentially much more – a fact sure to put the frighteners on traditional IT suppliers scrabbling to come up with their own as-a-service infrastructure products. Amazon recorded revenues of $750m within its "Other" category in the first quarter of 2013, up $ …
Jack Clark, 26 Apr 2013

Apple beats revenue estimates but margins are falling

Apple has beaten some of the gloomier analyst expectations in its second quarter's results filing, with revenues of $43.6bn for the quarter generating $9.5bn in profits. But margins are falling and the company warned that next quarter it may clear only $33.5bn to $35.5bn in revenues – its biggest fall in a decade. The company …
Iain Thomson, 23 Apr 2013
Micron RealSSD

Chipper chipmaker Micron shows off boosted bottom line – gee, thanks, Elpida

Memory chipmaker Micron Technology – still riding high on the announcement that its on-package memory will bolster Intel's "Knights Landing" processor – has announced what appear to be cheery results today. Its fiscal 2014 quarter revenues were $3.98bn, 3 per cent lower than the second quarter of fiscal 2014 but a whopping 72 …
Chris Mellor, 24 Jun 2014

Western Digital cuts revenue forecast, cites 'muted demand'

Storage megacorp Western Digital dropped a bomb on its investors – and the entire computer industry – by announcing that it was lowering its revenue projections for its first fiscal quarter, which will end on September 28. That quarter, the company said in a press release on Thursday, will now see revenues of between $3.9 …
Rik Myslewski, 14 Sep 2012

Cray misses revenue targets for Q4

Veteran supercomputer-maker Cray has warned Wall Street moneymen to expect lower-than-forecast results for its 2012 financial report. Cray has been absolutely clear that the multi-petaflopping "Blue Waters" and "Titan" supercomputers being installed respectively at the University of Illinois and Oak Ridge National Laboratory …
The Register breaking news

Half of all app store revenue goes to just 25 developers

Apple's App Store and the Google Play store each claim to offer over 700,000 apps to choose from, but only a tiny fraction of them bring in significant revenue for their developers, according to research from analyst firm Canalys. In fact, the company says, of the $120m in total revenue generated from paid app downloads and in- …
Neil McAllister, 04 Dec 2012

EMC revenues are up. But, hey Joe, I heard you shot your profits down...

EMC sold a record $5.9bn of products and services in its second 2014 quarter, representing a stately five per cent year-on-year increase in sales - and a $400m boost over the first quarter of this year. EMC’s second quarter revenues are generally higher than its first quarter. Net income was $589m, 16 per cent down on profits a …
Chris Mellor, 23 Jul 2014

Healthy Fibre biz fattens QLogic's bottom line... and not before time

It's a new fiscal year and a fresh first quarter for QLogic... and it looks like Q’s droopy revenue woes are set to end. It appears to have bottomed out, with numbers once again on the rise as Q starts growing again. Generally speaking, Q supplies storage access adapters and controllers for Fibre Channel and Ethernet. Revenues …
Chris Mellor, 25 Jul 2014
The Register breaking news

Vocus doubles revenue and data centre space

Dark fibre and data centre provider Vocus Communications has doubled its revenue in the first half of 2012 reflecting the company’s shift from a niche provider of wholesale Internet into a core provider of infrastructure based telecommunications services. Revenue for the first half of 2012 was $AU21.9 million, up 57 percent from …
money notes lifted up

Dell ups revenue threshold for top table resellers

Dell is trying to make its Premier club for resellers more exclusive by upping the enterprise revenue requirement to maintain the accreditation. But the move has caused some concern among the firm's channel fraternity, who are worried that the top tier will become the preserve of the largest resellers. The Texan tech titan …
Paul Kunert, 06 Jun 2012

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
Dot Hill Assured_SAN_Ultra48

Storage array supplier Dot Hill: Revenues are down, but so are losses

Storage array supplier to OEMs has less to be dismal about with declining revenues but much less of a loss in its second quarter. The business isn't growing, but at least it is not shrinking. Revenues for the second calendar 2014 quarter were $48.2m, the same as the previous quarter but 8.4 per cent down on the year-ago quarter …
Chris Mellor, 12 Aug 2014
Ciscoblood

Cisco prepares to take $700m hit to make 6,000 layoffs

Cisco has said that it will be hit with $700m in charges in fiscal 2015 in the restructuring plan that will see the firm axe 6,000 employees. The company said in a regulatory filing that it expects to recognise around $250m to $350m of these charges in the first quarter of the next financial year and the rest throughout the year …
Suitcase bulging with cash

Atmel buys more IoT capability

Atmel, best known as a maker of microcontrollers and capacitive touchscreens, is expanding its Internet of Things footprint with the acquisition of low-power wireless chip designer Newport Media. Newport Media started out life shipping TV system-on-a-chip (SOC) devices, and during 2012 and 2013 branched out into 802.11n, 802.11b …

Symantec scratches head over balance sheet, calls in JPMorgan

Reports say Symantec, struggling to reverse a revenue slowdown, has called in JPMorgan Chase & Co. to look at its options and help fend off activist shareholders. Symantec is a $6.7bn/year revenue company that is struggling to lift its earnings. The last quarterly report made that abundantly clear. It fired its CEO Steve …
Chris Mellor, 07 Apr 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
IDC total storage Q1 cy2014

Is it THE END OF BIG DATA? Quarta Horribilis for high-end storage

IDC has just revealed one of the worst storage quarters for a couple of years as buyers went on a high-end storage strike. There's been a quite spectacular slump in the storage business in the first 2014 quarter, according to the beancounters' Storage Tracker. Notwithstanding the digital-universe-drowning-us-in-Big-Data …
Chris Mellor, 06 Jun 2014
Euro notes

Termination charges drop smacks Vodafone and EE in the WALLET

The reduction in how much mobile networks receive for handling incoming calls has hit both Vodafone and EE so hard that they have both separated out the charges in interim financial reports. Brit multinational Vodafone announced a global drop in its revenue of 4.2 per cent for the quarter while UK mobile firm EE's financials saw …
Simon Rockman, 25 Jul 2014

Optus buries nasty for NBN Co in its annual results

A strong – almost stunning – rate of 3G-to-4G conversion hasn't stopped Australia's number two mobile carrier Optus losing mobile customers to market leader Telstra, and only its rigorous cost-cutting has allowed the carrier to return a profit for FY 2013-2014. Although the carrier's 4G base shot up from 785,000 people in 2013 …

Dragons' Den newbie firm Outsourcery: We are losing sales, we need to go DIRECT

Generals in the war-room at cloudy Brit biz Outsourcery are hiring direct sales reps in the public sector amid concerns that channel partners alone are not hitting the mark just yet. The AIM-listed outfit has been forced to slash costs because the pipeline of deals brought to the table by third-party resellers are taking longer …
Paul Kunert, 30 Jun 2014
hands waving dollar bills in the air

Facebook haters, look away now: BABY SNAP site's profit is up 138%

Facebook shares have rocketed after the social network biz reported record-setting growth, revenue and margins as it wrung cash from hundreds of millions of mobile users. The Menlo Park ads website reported second-quarter revenues of $2.910bn on Wednesday, beating the $2.81bn Wall Street analysts had been expecting, and up 61 …
Jack Clark, 23 Jul 2014
SAP

SAP's on-site apps fumble for the gearstick as cloud stamps pedal

The decline in SAP’s software sales has accelerated while the company’s smaller cloud operation has continued to expand. For the tech giant's first quarter of 2014, revenue from sales of on-premises business applications fell five per cent, year on year, to €623m ($860m), under IFRS rules, according to its latest financial …
Gavin Clarke, 22 Apr 2014