Articles about Revenue

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Why Big Business is usually last to the party

Big businesses tend to be exceptionally risk averse. There's a general reluctance to adopt new, bleeding-edge technology because the priority – understandably – is to be able to maintain productivity. Small companies can live with the occasional glitch in systems – a couple of dozen people without email for a couple of hours …
Dave Cartwright, 29 Jul 2016
Customer service motivation cube

What's Niu? No longer profitable, revenues down... but we're hiring!

Once-profitable managed services business Niu Solutions is now burning cash and CEO Shaun Ledgerwood reckons the company will take three years to get back in the black. Based in Surrey, Niu Solutions flogs services to the retail and financial sectors, collecting monthly fees on contracts ranging from one to five years. …
Microsoft Lumia 640 XL

Microsoft buries the bad Windows Phone news: Mobile sales collapse

Microsoft has revealed how badly its Windows phone business has crashed via paperwork filed with America's financial regulator, the SEC. Nokia was shipping 7.3 million Lumias per quarter when the deal to acquire its phone unit was announced in September 2013. Nokia was shipping over 90 per cent of Windows Phones sold. But in …
Andrew Orlowski, 29 Jul 2016
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WD disk revenues spin slower as its flash fireworks go off

WDC beat its own better-than-expected preliminary results estimates with a $3.495bn quarter but swung to a $351m loss with fewer disk units sold. Layoffs are coming. Revenues for the fourth fiscal 2016 quarter, ended July 1, were 9.2 per cent higher than a year ago and 24.8 per cent up on the previous quarter. This quarter …
Chris Mellor, 29 Jul 2016

What's on a road to nowhere? Ingram's Q2 numbers

Ingram Micro outlined progress, or rather lack of it, when it reported calendar Q2 numbers last night and did little to convince financial markets - including Shanghai’s Stock Exchange - that it is a business going places fast. The world’s largest tech distributor said revenue for the three months ended 30 June were down four …
Paul Kunert, 29 Jul 2016
Parachutist image via Shutterstock

The bigger they get, the harder we fall: Thinking our way out of cloud crash

Cloud computing is wonderful, until it isn’t. A digital screw comes loose somewhere, and before you know it the whole engine has ground to a halt in a cascading cloud outage – or, as we like to call it, a cloutage. It has happened before, and Bryan Ford was very worried about it in 2012. Then a Yale Researcher, he published a …
Danny Bradbury, 29 Jul 2016

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016
Google's Sundar Pichai, speaking at Google I/O 2015

Google, er, Alphabet takes on 10,000 more staff, banks more and more billions from ads

Alphabet, the holding company for Google and the Chocolate Factory's other concerns, has reported strong growth in the second quarter ending June 30, with revenues up 21 per cent from this time last year. Google made up the vast majority of this revenue, accounting for $21.3bn for the quarter, with the other parts of Alphabet …
Iain Thomson, 28 Jul 2016

Someone (cough, cough VeriSign) just gave ICANN $135m for the rights to .web

An unnamed organization just paid $135m for the rights to sell ".web" domain names. This is three times the previous record of $45m for .shop, and seven times the average auction price for top-level domains. The massive price tag has raised eyebrows in the domain name industry, not least because one of the companies taking …
Kieren McCarthy, 28 Jul 2016
Raspberry Pi Zero

Avnet sees Dätwyler's bid for Raspberry Pi slinger, raises to £868m

Avnet, the American technical component distributor, has come in at the 11th hour to outbid an existing offer for Premier Farnell, distributors of the Raspberry Pi. Farnell was all set to be sold to Swiss group Dätwyler Holding for £792m, including debt, but a new offer from Avnet with an enterprise value of £868m has now been …

O2 sales dip 9% as tight-fisted Brits cling to their old handsets

Sales at O2 UK fell by 8.9 per cent to €3.46bn (£2.91bn) for the first half of the year, as customers opted to hang on to their old handsets rather than upgrade. Sales for the quarter fell even further by 12.3 per cent year-on-year to €1.71bn (£1.4bn). However, Philip Carse, an analyst at Megabuyte, notes that, given the weak …
Kat Hall, 28 Jul 2016
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BT sees 35% sales gain as it digests hearty EE meal

Sales jumped by 35 per cent for BT's first quarter to £5.7bn, with profit before tax up 16 per cent to £802m - mainly due to its £12.5bn slurp of EE. The mobile operator contributed £1.2bn for the quarter and £84m in operating profit. Elsewhere other parts of the biz were lacklustre. Its Wholesale biz fell 10 per cent to £ …
Kat Hall, 28 Jul 2016
Facebook's Mark Zuckerberg, speaking at the 2015 F8 conference

Facebook is unstoppable

Facebook today revealed its financial figures for Q2 2016 – the three months to June 30 – and if you're an FB hater, prepare to be disappointed. Revenue: $6.4bn, up 59 per cent year on year from $4bn. Profit: $2bn, up 186 per cent from $719m. Earnings per share: 71 cents, up from 25 cents. Daily active users: 1.13 billion …
Shaun Nichols, 27 Jul 2016
Comically sad tearful man doing fake-looking wail of despair. Photo by Shutterstock

Boo hoo. Brexit to hit Capita's bottom line

Outsourcing giant Capita has hinted that the UK's decision to leave the EU will have an impact on its bottom line, while recording a sales increase of 5 per cent to £2.4bn for its first half-year results. Profit before tax rose by 27 per cent to £186.1m, compared with the same period in 2015. Andy Parker, chief exec of Capita …
Kat Hall, 27 Jul 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …
Lady  standing on a hand with a megaphone shouting into mans ear

QLogic boosted profits 700% in a year. What's that chomping sound?

In its last quarter as an independent company, QLogic grew revenues 2.6 per cent and profits by 700 per cent in a year. Its future lies inside Cavium and it has to deal with a declining Fibre Channel business. Revenues of $116.4m were ahead of the year-ago $113.4m but down on the seasonally-higher prior quarter’s $119.4m. Net …
Chris Mellor, 27 Jul 2016
Projects at risk

MPs reiterate risks of mega £10bn Aspire contract overhaul

UK MPs have warned that HMRC (HM Revenues and Customs) may struggle to overhaul its expensive £10bn IT systems with Capgemini, and that further cuts could ultimately waste more taxpayers' cash. The Public Accounts Committee (PAC) report published today said the body remains concerned that HMRC may struggle to integrate …
Kat Hall, 27 Jul 2016
Batman. Credit: DC Comics.

Cisco busts ransomware rodent targeting bitcoin, cryptocoin subreddits

The eager-but-pwned net menace behind the JigSaw ransomware has been found targeting Reddit users with multiple malware in a bid to snare victims. The VXer is thought to be behind three ransomware variants, including the well-known Jigsaw which sports iconography from the Saw film, each lurking behind websites that foist the …
Darren Pauli, 27 Jul 2016
A plate of horderves

Cavium revenue, losses rise

Networking semiconductor outfit Cavium has reported rising revenue for Q2 2016, but its losses are widening. Its revenue for the quarter was US$107.2 million, up 2.1 per cent on the same period last year and up 5.2 per cent from Q1 2016. However, losses are up. The company announced GAPP net loss of $7.4 million, up from $3.8 …
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Services income helps Juniper keep Q2 from collapse

The tough networking market continues to make growth difficult for the big names: Juniper Networks has reported flat year-on-year Q2 2016 revenue and has warned of a flat outlook. Second quarter 2016 revenue was US$1.221 billion, and its operating margin fell year-on-year from 19.9 per cent in Q2 2015 to 16.7 per cent for the …
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Twitter: $602m into -$107m

Twitter staved its losses, grew sales, increased its number of users – and still its stock has tanked today. Nothing is working. The microblogging website reported on Tuesday its financial figures for its second quarter of 2016, and – yup – it's another profit-free three months: it recorded a $107m loss, which is better than …
Shaun Nichols, 27 Jul 2016
Tim Cook, photo by JStone via Shutterstock

What's losing steam at Apple? Pretty much everything

Apple is trying to put the best face on another bad quarter by saying it has exceeded its own meager expectations. The Cupertino giant had previously warned that its revenues would be down, and Apple execs boasted that they at least were at the high end of those lowered expectations. For Apple's fiscal 2016 Q3, ended June 25 …
Shaun Nichols, 26 Jul 2016
Verizon corporate building

Verizon blames striking workers for dent in sales

Fresh from its $4.8bn acquisition of Yahoo!, Verizon says its sales dropped five per cent year-on-year in its latest quarter, the three months to the end of June. Essentially, US telecom giant's wireless and wireline revenues fell over the year-ago quarter. Here's a summary of VZ's Q2 2016 results: Revenues of $30.5bn were …
Shaun Nichols, 26 Jul 2016
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Commvault's growing, even if profits dipped into losses this quarter

Commvault has sustained its recovery for a third quarter although it has recorded a loss after a much smaller income tax benefit was applied than a year ago. The first fiscal 2017 quarter saw a 9.6 per cent rise in Commvault's revenues to $152.4m: they were $139.1m a year ago, and $159.6m in the seasonally higher preceding …
Chris Mellor, 26 Jul 2016

BlackBerry's new best pals: Microsoft, Google, Samsung

BlackBerry didn't drop any bombshells at its annual Security Summit last week. Unlike previous years, there were no surprise acquisitions or products. But it did conspicuously share the limelight with a number of partners, some of which may make jolly good new owners. On the stage were Samsung, Google and Microsoft. The latter …
Andrew Orlowski, 26 Jul 2016
Money down the drain

I'm good, I'm fine, solid quarter, real well ... pants Sprint as it limps past, spilling $300m

US telco Sprint says it is bringing in new customers by the boatload, despite another quarter in which its losses reached well into nine figures. The fourth-largest carrier in the US logged a net loss of $302m as it continues a campaign to rebuild its business model. For the first quarter of Sprint's financial 2016, ended …
Shaun Nichols, 25 Jul 2016

Hans off! Ericsson unplugs CEO after gräsliga results

Ericsson CEO Hans Vestberg has been unceremoniously dumped after another set of disappointing results. The Swedish telecoms' board unanimously decided to ditch their chief exec after he failed to meet analyst expectations, despite having slashed jobs and done his best to cut costs. He has been at the company for 28 years and …
Kieren McCarthy, 25 Jul 2016

Yahoo! She said yes. Verizon confirms $4.8bn acquisition

Verizon has today confirmed it will splash out $4.83bn (£3.7bn) buying Yahoo, with the deal expected to close in the first financial quarter of next year. The telco was one of 40 suitors rumoured earlier this year to be interested, including Google parent Alphabet, Time and even Daily Mail parent DMG. Yahoo! has been on a …
Kat Hall, 25 Jul 2016
Man in a suit drinking tea out doors reading from his tablet

Huawei big, margins slimmer

Huawei revenue rose 40 per cent over the first half 2016, from the same period a year ago, although the employee-owned company didn’t disclose its profits. Revenue was declared at ¥245.5bn ($36.6bn) for the first six months of 2016. Margins were lower, at 12 per cent, down from 18 per cent. Huawei has increased its consumer …
Team Register, 25 Jul 2016
Fibre, image via Shutterstock

Not-BT-Openreach' biz CityFibre sextuples pipeline

Cable-layer CityFibre has booked a six-fold increase in contracts during its first half of 2016, with £53.8m in the pipeline compared with £8.1m for the same period last year. New contracts signed in the period comprise 3,702 new customers, more than three times the total amount on the books in 2015 (1,110), and more than …
Kat Hall, 25 Jul 2016
Twilight Zone, 'Time Enough At Last'

Free Windows 10 upgrade: Time is running out – should you do it?

Microsoft's free Windows 10 upgrade offer runs out this Friday, 29 July 2016, one year after the initial release, and a few days before the Anniversary Update. "This is more than a one-time upgrade: once a Windows device is upgraded to Windows 10, we will continue to keep it current for the supported lifetime of the device – …
Tim Anderson, 22 Jul 2016
Mellanox bluefield

Mellanox plans to SoC it to storage speed with Multi-ARM BlueField

InfiniBand and Ethernet adaptor biz Mellanox has storage acceleration SoCs coming to provide faster external array access across NVMe fabrics. Mellanox CEO Eyal Waldman talked about NVME over Fabrics (NVMeF) in his company's second quarter 2016 earnings call. His company makes InfiniBand and Ethernet networking devices, and is …
Chris Mellor, 22 Jul 2016
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Oh dear, Vodafone: Sales dip in UK

Sales at Vodafone in the UK dropped 3.2 per cent in the first quarter of its financial year to €1.84bn (£1.5bn) - with the biz pointing to issues with its new billing system. Overall revenue dropped by 4.5 per cent to €13.37bn (£11.2bn), with sales in Europe also dipping by 3.5 per cent to €8.7bn (£7.3bn). The biz blamed its …
Kat Hall, 22 Jul 2016
Goldfish, image via shutterstock

Oracle tools up for cloud wars with sales re-org

Oracle has shaken up its sales force to drive cloud business, multiple sources have told The Register. The task of pushing Oracle cloud services, flagship database and middleware was handed exclusively to Oracle’s field sales operation. On-premise apps - eBusiness Suite, PeopleSoft, Siebel - have gone to the phone-based direct …
Gavin Clarke, 22 Jul 2016
Burning money, photo via Shutterstock

AT&T: Money? Oh, sure, no I'm fine – I'm doing great (if you ignore my phone business)

AT&T says wireless revenues are down in what was an otherwise solid quarter for the US telecom giant. Its second quarter of 2016 [PDF] period was, overall, a success thanks to solid returns from the newly-acquired DirecTV. They were, however, tempered by falling revenues in other areas. Quarterly revenues were $40.5bn, up 22 …
Shaun Nichols, 21 Jul 2016
Shouting match

XtremIO heading for the bin? Total BS, thunders CTO Itzik Reich

Storage industry jungle drums heard by El Reg suggest EMC is axing XtremIO product line development and putting it into maintenance mode due to scalability and data availability issues. EMC vehemently denies this, saying it's absolute FUD. Three independent sources say XtremIO is headed for a maintenance-only retirement home …
Chris Mellor, 21 Jul 2016

Official: AMD now stands for Avoiding Miserable Death

AMD fans are over the moon today as their favorite processor designer has sold more chips than expected in the three months to June 25. The Sunnyvale, California, biz beat analysts' estimates on revenue and earnings per share in a billion-dollar quarter that ended in the black rather than the usual red: the Radeon maker banked …
Chris Williams, 21 Jul 2016

HMRC research finds 'resistance' to proposals to shift contractor tax compliance burden

There is "general resistance" among both the public and private sectors to plans that would shift responsibility for ensuring that third party contractors are paying the right employment taxes from the individual to public sector employers, HM Revenue and Customs (HMRC) has found. Employers surveyed by HMRC were concerned …
OUT-LAW.COM, 21 Jul 2016

The cloud ain't making it rain for Intel right now: Tech giants pause server chip sales

Analysis Intel's stock price fell on Wednesday after it became clear the processor maker is not selling quite as many server processor chips as investors had hoped. The Silicon Valley giant reckons its CPU sales into data centers will hit double-digit growth by the end of the year. So far, with half the year gone, we're staring at mid- …
Chris Williams, 21 Jul 2016
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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

BlackBerry chief: We don't have to make phones to make phones

BlackBerry CEO John Chen said his company has an internal project to bring Android security up to the level of its BlackBerry 10 platform, which should bear fruit after the release of Android N. He also hinted at a future based around brand and technology licensing. "We have a tremendous amount of technology. We can stay in …
Andrew Orlowski, 19 Jul 2016
Various types of clouds. Photo by Shutterstock

Scalr hosting hit with outage

Cloud management biz Scalr.com was yesterday hit by an outage which knocked customer websites offline. In a post, the company said the problem had been due to an update that included flawed logic, causing server records to be removed but not AWS servers or other cloud servers. One customer got in touch this morning to …
Kat Hall, 19 Jul 2016

EMC: Sales flat but wallets fat. Ready to vote on the merger?

EMC-Dell deal EMC saw totally flat revenues in its second quarter but profits rose 19 per cent. It could have been better as late orders couldn't be fulfilled. Revenues were a straight $6bn, unchanged from a year ago but up 9.6 per cent sequentially. They were $5.9bn two years ago so EMC is arguably standing still revenue-wise. Net income …
Chris Mellor, 19 Jul 2016
BT Openreach van

MPs tell BT: Lay more fibre or face split with Openreach

BT has "significantly under-invested" in IT infrastructure subsidiary Openreach and a full split should go ahead if it fails to offer "appropriate reforms and investment assurances", according to a report by MPs. The report (PDF) published by the Culture, Media and Sport Select Committee concluded the shortfall in investment …
Kat Hall, 19 Jul 2016
A burning dumpster

Dying! Yahoo! writes! off! half! of! the! $1bn! it! paid! for! Tumblr!

Yahoo! fell short of already-low expectations as the shriveling internet icon continues to limp towards its impending sale. CEO Marissa Mayer had no update on the Purple Palace's quest for a buyer, but said the company was still working on the sale of its core business. "In addition to our efforts to improve the operating …
Shaun Nichols, 19 Jul 2016
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Netflix and not chill

Netflix stock is in freefall after the streaming company fell well short of its own quarterly projections. The video service says that it added just 1.7 million new members in the second quarter of 2016 [PDF], down from 3.3 million additions in last year's quarter and far worse than its earlier projection of 2.5 million. …
Shaun Nichols, 19 Jul 2016
results

What's big, blue and red all over? IBM. Profit, z Systems down, cloud up

IBM today reported its second quarter financial results and the figures don't look good, with profits falling nearly 30 per cent. The venerable computing giant did perform slightly better than analysts expected, however GAAP revenues and profits are both down year-on-year. It's the 17th straight quarter of revenue declines for …
Iain Thomson, 18 Jul 2016
Woman at gym lifts weights with arms. Photo by Shutterstock

Softbank promises stronger ARM: Greater overseas reach and double the UK jobs

Brit-tech success poster child ARM holdings is to be acquired by Japanese telecom multinational Softbank. ARM, whose chip designs drive the majority of the world’s smartphones, is under offer for a remarkable £24.3bn - a premium of 43 per cent over current stock price. Softbank, whose last yearly revenue totalled 19.5 …
Gavin Clarke, 18 Jul 2016
Man loads in blanket into the washing machine. Photo by Shutterstock

Facebook and Google show how the world really will be blanketed in 5G

Facebook has outdone even Google recently, in its efforts to shake up the mobile industry and accelerate the delivery of broadband services (and its revenue generators) to the entire planet. This is no longer just about using balloons and new spectrum to push affordable wireless access to underserved communities. It is about …
Wireless Watch, 18 Jul 2016