Articles about Revenue

Google-backed Yieldify has acquired IP from ‘world’s biggest patent troll’

Yieldify, the Google-backed startup accused of stealing code from British adtech company Bounce Exchange, has been making some unusual friends. Yieldify has acquired an ancient web patent from III Holdings which was first filed in 2007. III Holdings is better known as Inside Intellectual Ventures, co-founded by Nathan Myhrvold …
Andrew Orlowski, 06 May 2016
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Qlogic beats own estimate

Storage connctivity biz QLogic beat estimates with a Q4 revenue raise. Instead of the expected $116m, QLogic revenues were $119.4m in its fourth fiscal 2016 quarter, down 10.5 per cent year-on-year and, as seasonally expected, down 2.7 per cent on the prior quarter. Full fy2016 revenues were $458.9m, 11.8 per cent less than …
Chris Mellor, 06 May 2016

Hey, YouTube: Pay your 'workers' properly and get with the times

Analysis The latest record industry middleman takes more than ever from the mouths of musicians, at least compared with the old record industry middleman. Head of the recording industry trade group BPI Geoff Taylor says that video music consumption rose by 50 per cent, but revenue only rose by 0.5 per cent. Taylor contrasted this with …
Andrew Orlowski, 06 May 2016
Abstract newspaper letters

Arista's 'solid' quarter

Arista has posted revenue of $242.2 million for Q1 2016. That's up 33 per cent on the same quarter last year and means $32m of net income. Management have declared this a "solid" result and anticipate another $20m or so of revenue in Q2. ® Abstract newspaper letters
Simon Sharwood, 06 May 2016
Teradata, Aprimo, and eCircle together

Q. What's orange and white, has a new CEO but is red all over? A. Teradata

+Comment Data warehouse and biz intelligence wrangler Teradata made a loss in its first quarter of 2016. It also recruited a new CEO to get the company motoring again. The new broom is 67 years old, and you don't need big-data analytics to see he won't be around for long. Teradata's revenues for the three months to March 31 were $545m …
Chris Mellor, 05 May 2016
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Alibaba says its AWS-a-like division embiggened by 138%

Alibaba’s cloud computing division Alicloud reported bumper growth of 138 per cent to $468m (£322m) for its full financial year 2016, as more paying customers flocked to the Middle Kingdom's AWS equivalent. As of March 31, 2016, AliCloud had more than 2.3 million customers, including more than 500,000 paying customers. The …
Kat Hall, 05 May 2016
Job cuts jpeg

Lost little X-IO lays off ~75 staff in Colorado as it shutters factory

X-IO sent a formal letter on April 29 to the Colorado Department of Labor and Employment, saying it intended to close its Colorado Springs manufacturing operation, and warning that up to 107 people could lose their jobs. In the event 70-80 employees were laid off, with some 50 employees remaining. Potential job rescue, IP …
Chris Mellor, 05 May 2016
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Sage cheerfully pours £10m over Salesforce partner Fairsail

Payroll and accounting software firm Sage Software is taking a stake in Salesforce-HR platform partner Fairsail. Star-struck Sage, which has also announced interim financial results with growth in its own cloud service, will take a £10m minority stake in Fairsail and a board seat. Sage is leading the funding round. Fairsail …
Gavin Clarke, 05 May 2016
top of the bt tower

BT to splash £550m integrating EE. Firm shrugs: Cheap!

BT's £12.5bn gobble of EE will cost the business £550m in integration costs - according to the company's full-year financial results which were given a significant boost thanks to the acquisition. For its full-year results for 2016, revenue increased six per cent to £18.9bn, with profits up 15 per cent to £3bn. Revenue for the …
Kat Hall, 05 May 2016

Review legacy code: Waking dragons is risk worth taking, says Trainline ops head

Continuous Lifecycle For a business that processes 120 customer transactions per minute, the fear of IT outages is never far from the mind of Trainline's head of IS operations, Dave Stanley. Just 15 minutes of downtime can have a serious impact on revenue. Last year Trainline.com turned over £2bn in train ticket revenue, making it the fifth …
Kat Hall, 05 May 2016
space view of australia in arty green

Australia copies UK's Google tax on 'contrived' dodges

Australia has copied the United Kingdom's Government Digital Service and has now decided the UK's Google-busting Diverted Profits tax is also worth replicating. Australia's national budget was delivered on Tuesday and treasurer* Scott Morrison's speech introducing the year's planned government expenditure promised “a new …
Simon Sharwood, 05 May 2016
Ashlee Vance, Elon Musk: How the Billionaire CEO of SpaceX and Tesla is shaping our Future

Tesla production executives depart as 'leccy car maker reports narrowing loss

Tesla might have pleased Wall Street with its latest financial results, but the company has also lost a couple of high-profile production executives in the last 24 hours. With around 400,000 reservations booked for the Model 3, the 'leccy car maker needs all the build nous it can find, but Bloomberg reports the departures of …

Virty upstart PernixData spills beans after going cap in hand to investors

We're being told PernixData is encountering funding issues and people have been laid off. PernixData, which has developed VMware distributed hypervisor caching, has received a total of US$62m in funding: $35 million in 2014, $20m in 2013, and $7m in its founding 2012 year. The company, however, is looking for a UI test …
Chris Mellor, 04 May 2016
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Government tips last dollars into NBN

Australia's National Broadband Network (NBN) won't get anywhere near completion before direct government funding for the project dries up, the 2016 Budget reveals. It's even feasible that the government could throw its hands in the air and terminate the rollout, if the cost of doing so is less than the total cost of funding …

Sprint bombs another year

US carrier Sprint boasts that for the first time in nine years it's made a positive operating income. Unfortunately, that $310m was wiped out by a $2bn net loss for the 12 months to March 31. Over the year, Sprint banked $32.2bn in sales, down from 2014's $34.5bn. A year ago it recorded a $3.34bn net loss, worse than 2015's $1 …
Shaun Nichols, 03 May 2016

EMC makes a LEAP forward with Virtustream and more

EMC World The first day of EMC World in Las Vegas caused announcement overload, with the Unity array top of the list, closely followed by a Virtustream storage cloud and more. The Virtustream Storage Cloud (VSC) is for enterprises and service providers to store data in the cloud, mission-critical data, says EMC. The data can come from …
Chris Mellor, 03 May 2016
IBM Selectric Golfball

Commvault profits up

Commvault grew its revenues and profits in its fourth fiscal 2016 quarter. Revenues of $159.6m were up 6 per cent year-over-year and 2.5 per cent sequentially. There was a $5.8m net profit, up 70.6 per cent on a year ago, and 18.4 per cent sequentially. Software revenue was $73.3m, an increase of five per cent year-on-year. …
Chris Mellor, 03 May 2016
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Brocade feeling down

Storage and Ethernet network switch supplier expects weaker Q2 revenues. Brocade has reset Q2 revenue expectations lower, citing a weak SAN market and continued IP networking headwinds. Instead of revenues between $542m to $562m, it now expects them to be between $518m to $528m. This is $523m at the mid-point, 4.4 per cent …
Chris Mellor, 03 May 2016
Mechanical hands produce gold bars on assembly line. Photo by Shutterstock

What's Zuck planning with his Facebook bots? Maximum $ilo revenue

Analysis Facebook smashed through expectations for its first quarter of the year. A surge in mobile ads saw revenue up 52 per cent to $5.38bn while the user base grew to 1.65 billion – 22 per cent of the world’s population, and extracting every byte of data (and every penny from those bytes) from that existing user base is the company' …
China

Snake oil ads land China's top search engine in trouble

Chinese search engine Baidu is under investigation after a case of dodgy medical advertising hit the headlines. Healthcare advertising is a lucrative line for the company, with a Tencent Technology report last year putting its income from the sector in the vicinity of US$1.5 billion in 2014. Chinese government news agency …
Marissa Meyer

CEO! Mayer! to! get! $55m!

Yahoo! CEO Marissa Mayer is in line for a $55m payout following the web company's sale. The Purple Palace broke the news on Friday with an SEC filing [PDF] that details the payout Mayer and other execs will get once a sale goes through and a "change in control" severance plan is triggered. Under the plan, Mayer will bank a …
Shaun Nichols, 02 May 2016
Seagate logo

If you work on Seagate's performance drives, time to find another job

+Comment As expected, Seagate's revenues totaled $2.6bn in the three months to April 1, the third quarter [PDF] in its fiscal 2016, down 21 per cent year-on-year. And as anticipated, it made a $21m loss – its first loss in many many quarters and way down from the year-ago's $291m profit. On Friday, as the results for Q3 were published …
Chris Mellor, 30 Apr 2016

PayPal probed over Venmo cash-flinging app

PayPal says it is under investigation by the US Federal Trade Commission (FTC) for alleged "deceptive or unfair practices" involving its Venmo app. In a filing with the SEC, the online payment giant said it has received a "civil investigative demand" from the FTC last month requesting documents and answers to a series of …
Kieren McCarthy, 29 Apr 2016
stack of newspapers with a pair of ethernet cables next to them

Profits down at Baidu

Profits are down at the Chinese web giant though revenue has risen. The company reported a 19 per cent drop in its Q1 2016 profits at roughly $300m, despite a revenue rise, as the company rejigs itself in preparation of expanding outside of the search-engine game. Revenue rose by 24 per cent to $2,44bn year on year, with …
iPhone 6S colors

Carl Icahn: Will someone rid my portfolio of this rotten Apple?

Billionaire activist investor Carl Icahn has offloaded his Apple shares after the stock dropped below $100 a piece this week following the vendor's first sales slip in 13 years. The world's most valued tech company reported a 13 per cent drop in turnover to $50.6m for the three months ended 31 March, Apple's Q3 of fiscal '16 …
Katyanna Quach, 29 Apr 2016
Small truck skids towards side of road as wheel comes loose. Photo by shutterstock

WD’s revenue wheels have fallen off. Profits are sinking, too

WD is experiencing global disk drive cooling as the slowing PC jetstream and flash El Nino jointly disrupt the HDD environment. But that's enough in the meteorological metaphor line. WD revenues fell 21 per cent year-on-year to $2.8bn in WD’s third fiscal 2016 quarter, which closed April 1. The quarter-on-quarter compare …
Chris Mellor, 29 Apr 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
NBN Logo

NBN launches satellite broadband services

Australia's national broadband network (NBN) has turned on its 25Mbps satellite service. Communications minister Mitch Fifeld and regional communications minister Fiona Nash today pressed the go button for satellite services. The service isn't complete, because only one of two planned Sky Muster satellites is in orbit. That …
Simon Sharwood, 29 Apr 2016
Symantec CEO Michael Brown

Symantec CEO Mike Brown ousted after nasty numbers

Symantec CEO Mike A. Brown will leave the company, after it today announced it will miss its projected Q4 2016 sales. Symantec has previously forecast sales of between US$885m and $915m. Advice released today suggested the actual result will be closer to $873m, a small but nasty miss. The company's tried to explain the miss ( …
Simon Sharwood, 29 Apr 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
Sony Xperia Go rugged Android smartphone

Q. What's the difference between smartphones and that fad diet you all got bored of? A. Nothing

For those wondering if we've reached Peak Smartphone: global smartphone shipments saw their first ever quarterly drop, say analysts. Research house Strategy Analytics says that shipments in the first quarter of 2016 declined by three per cent over the same period in 2015. This marks the first time analysts have recorded …
Shaun Nichols, 28 Apr 2016

Chomp! Barracuda gets its bite back after turning a profit again

The sum of $83.7m exceeded Barracuda’s revenue estimates for its fourth fiscal 2016 quarter, ended Feb 29, 2016. It was a 16 per cent rise year-on-year and a 4.5 per cent rise quarter-on-quarter. There was a $3.2m net profit, pleasing after five straight loss-making quarters. The full year revenue number was $320.2m, 15.4 per …
Chris Mellor, 28 Apr 2016
SanDisk Z410

SanDisk's enterprise flash sales are embiggening nicely

SanDisk enjoyed fatter revenues on an annual compare in its first quarter, driven by higher enterprise product sales. First 2016 quarter revenues of $1.37bn were three per cent up the $1.33bn recorded a year ago and, as expected, seasonally down on the final 2015 quarter’s $1.54bn by 11 per cent. There was a profit of $78m, a …
Chris Mellor, 28 Apr 2016
Gary Kovacs, CEO of AVG. Pic: World Economic Forum

Mobile antivirus sales offset declining search revenues for AVG

The scourge of Android malware is helping to bolster the bottom line of security software firm AVG but the firm still ended up recording a slight decrease in profits. For the first quarter ending 31 March 2016, AVG posted revenues of $107.9m, compared to $102.8m in Q1 2015, a rise of five per cent. Sales from AVG’s emerging …
John Leyden, 28 Apr 2016

Neo4j CEO: We're at 'a huge inflection point for graph databases'

Interview Emil Eifrem, CEO and co-founder of Neo Technology, says the world is at “a huge inflection point for graph databases” as his company, which supports the open source Neo4j graph database management system, releases v3.0 of the software. Ahead of releasing an architecturally overhauled v3.0 of the data management system, the …

Smartphone growth? Not in Q1, says IDC

Prospects for handset-makers just got worse, with the smartphone market recording its worst quarterly growth ever. Remember how at the end of March, Gartner predicted a mere seven per cent smartphone growth for 2016, the first time the market hadn't managed double-digit growth? That forecast is starting to look like rose- …
Zuckerberg

Back up the trucks for Zuck's bucks: Facebook revenues up 52 per cent

Facebook says skyrocketing advertising bucks are behind a huge jump in revenues and income this year. For the first quarter of its fiscal 2016 year, the House of Zuck reported: Revenues of $5.4bn were up 52 per cent from last year's $3.5bn. Net income of $1.5bn was a 195 per cent increase from a reported $512m in last year' …
Shaun Nichols, 27 Apr 2016
Douanier_rousseau_hungry_lion_art

You're only young but you're going to die: Farewell, all-flash startups

Comment Following news of its restructuring there will inevitably be layoffs at X-IO’s Colorado Springs facility. We hear that the company is working to get staff employment with other companies. The situation is fast-developing and X-IO’s concern is its employees and not the media, so we'll hear more later. Our interest here is not …
Chris Mellor, 27 Apr 2016
Man on laptop has ethical dilemma (represted by angel and demon on either shoulder). Photo by Shutterstock

The case for ethical ad-blocking

When is ad-blocking ethical? How about when the adtech industry is behaving so unethically it destroys people’s livelihoods? Musician and music rights campaigner David Lowery last year made the incendiary suggestion that musicians should encourage their fans to block the advertising running on music-streaming sites – even …
Andrew Orlowski, 27 Apr 2016
Walking on water, image via Shutterstock

Ding-dong, reality calling: iPhone slump is not Apple's doom

The sky is not falling. This is not as bad for Apple as 2003 or 1996. But neither does Apple walk on water. For the first time in 13 years, Apple’s reported falling revenue – down 13 per in the last three months to $50.6bn. Cruelly, it was the growth engine that was winding down: iPhone sales fell for the first time in the …
Gavin Clarke, 27 Apr 2016
TwitterIPO

Honestly though, Twitter can't do anything right

Microblogging platform Twitter has disappointed investors, missing Q1 2016 revenue and user growth forecasts. Its share price has fallen 13.5 per cent in after-hours trading today to $15.35. The San Francisco company's GAAP net loss of US$79.7m was considerably better than the first quarter 2015 loss of $162.4m (and also …
Tim Cook

Shares down?! But, but, but ... Apple just made $50bn – that's the way the Cookie grumbles

Apple has confirmed analysts' fears of a drab quarter, reporting its first year-over-year sales decline in more than a decade. Its share price is down 8.2 per cent to $95.76 in after-hours trading – dipping below the magic hundred-buck mark. The Mac maker said that in the three months to March 31 – the second quarter of its …
Shaun Nichols, 26 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
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Gwyneth Paltrow and Richard Branson will lead Sage's 'sexy accounting' shtick

Sage Software is following in the footsteps of Microsoft and Salesforce by rolling out big names to vent hot air at its events. The British company, which had revenues of £194m last year, employs 13,000 people and is known for its mid-market accounting software, has signed Virgin empire supremo Sir Richard Branson to anchor …
Gavin Clarke, 26 Apr 2016
WD RE4 Enterprise disk drive

Trouble at t'spinning rust mill: Disk drive production is about to head south

+Comment A sea change is looming in the disk drive industry as drive spindle motor maker Nidec reduces its total disk drive demand number. Nidec is a Japanese company and has the largest market share of any such manufacturer. It foresees demand for about 400 million units in 2016, down 13 per cent from its previous October 2015 …
Chris Mellor, 26 Apr 2016
cloud

Alcatel-Lucent embarks on cloudy board shake-up

Networking biz Alcatel-Lucent Enterprise is replacing its chief exec Jeff Ma with Jack Chen, as the outfit vows to make itself all about the cloud. Prior to joining Alcatel, Chen was the head of the Asia Pacific and China region at Alcatel and its China Wireless biz. The biz has also unveiled a new cloud strategy to provide …
Kat Hall, 26 Apr 2016
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Riverbed gears up for its second IPO

Exclusive Almost exactly a year since networking biz Riverbed exited from the stock market following pressure from activist investor Elliot, the company is once again gearing up for an IPO. The move to go private was prompted by Elliot, which had complained that the $1bn revenue company was not performing. Private equiteer Thoma Bravo …
Kat Hall, 26 Apr 2016
Stanley Kubrick's The Shining

NSW Dept of Education IT system still in slow-motion collapse

The NSW state government's troubled education IT system rollout continues to plague its users, with Fairfax Media reporting enrolments at Sydney Institute of TAFE are in crisis. The system in question, Learning and Business Management Reform (LMBR), is a decade-long attempt to create a one-system-to-rule-them-all SAP …
data centre

It's a good time to be in hyper-converged, eh, Pivot3?

Pivot3's had its highest-ever revenue growth rate in 2016's first quarter. The company hyperconverged appliance company bought Nexgen, an all-flash and hybrid array starup spun out of SanDisk, earlier this year, and gained $54.6m in funding. Now we see why the VCs were excited about Pivot3's prospects. Pivot3 saw a greater …
Chris Mellor, 25 Apr 2016
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Cloud gear biz Outsourcery is running out of cash. Again

Misfiring AIM-listed cloud provider Outsourcery appears to be running out of runway. Sales still haven’t matched the predicted highs, cash flow is drying up again and a crash seems possible. The purveyor of infrastructure, software and unified comms clouds has pre-announced its calendar year 2015 results, with revenue up nine …
Paul Kunert, 25 Apr 2016