Articles about Revenue

Revenue drops at IT giant CSC... 'Good progress' says chief

Revenue at CSC fell by 3.4 per cent to $3.08bn for the firm's second quarter as "transformation efforts" took hold at the IT giant. Meanwhile, operating income fell 3.3 per cent compared to the same period last year – to $340m. Half-year net income fell by $112m to $307m, compared with the first six months of 2013. Sales were …
Kat Hall, 07 Nov 2014

PRE-SPLINTERED Symantec's Q2 revenue slips, net profit rises

Symantec has reported mixed second quarter results, with revenue down one per cent on the year, but net profit rising by the same amount. The company saw revenue of $1.62bn for its second fiscal 2015 quarter, compared with revenue of $1.64bn a year ago (a fall of one per cent), and $1.74bn in the previous quarter. Net profit of …
Chris Mellor, 06 Nov 2014
alibaba logo

Alibaba's magic cave empties as it misses revenue target

Chinese online tat bazaar Alibaba has not only posted disappointing results, been caned by the stock market but now has also fallen foul of China's government for knowingly hosting sellers of counterfeit kit. The company reported that it earned $964m for the last quarter of 2014 on revenue of $4.22bn. The earnings number was …
Simon Sharwood, 30 Jan 2015

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

Analysis 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
wall_street

Nimble revenue diet gets fibre supplement

IPOed hybrid array market star Nimble Storage beat the street with fourth-quarter revenues of $68.3m, and lost less money than last quarter as Fibre Channel sales kicked in. Can it keep on like this? The revenue was up 64 per cent on an annual compare. Losses of $24.7m were less than the previous quarter's $28.4m, but almost …
Chris Mellor, 27 Feb 2015
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 …
Violin array flash cards

Don't fret: Flash array fiddler Violin sees revenue rise, losses dip

Violin has recorded rising revenues and lessening losses for its third quarter as the new CEO gets the flash array company barking louder in the data centre flash array dogfight. Violin_Q3fy2015_800 Kevin DeNuccio took hold of the CEO reins at Violin in February and the company has just reported results for its third fiscal …
Chris Mellor, 25 Nov 2014
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
HMRC

The Revenue achieved RECORD numbers of e-tax returns ... by NOT shifting to GOV.UK

Special Report Her Majesty's Revenue and Customs (HMRC) was forced to take radical steps to keep the British government's cash rolling in, as its deadline to move its websites into the new GOV.UK digital empire drew near. HMRC even opened a centre for a digital team in Newcastle, one that looked and felt like a clone of the Cabinet Office's …
Andrew Orlowski, 20 Feb 2015
Satya Nadella

Microsoft: Cloud-o-bile still only small slice of softening revenue pie

Microsoft reported revenues that beat estimates for Q1 of fiscal 2015, boosted by strong growth in cloud and mobility. But its solid-looking numbers belied ongoing softness in its traditional core markets. Total revenues for the three months ending on September 30 were $23.20bn, a 25 per cent year-on-year increase but flat from …
Neil McAllister, 23 Oct 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
Angry woman on mobile

Mobile giants: 4G is so yesterday. Better IT can kickstart revenue growth

Just as operators struggle to make direct profit improvements from LTE, so the vendors have long given up on 4G upgrades being the solution to all their problems. LTE is the most significant factor in driving revenue growth for the big five infrastructure suppliers, for sure, but the margins and differentiation in the equipment …
Wireless Watch, 07 Nov 2014
Google sign outside Mountain View headquarters

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

Updated 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
Lock security

Cyber-punch-drunk eBay slashes revenue forecasts

eBay continues to bear the scars from a cyber attack that led to the leakage of 145 million users data, as the footfall in its third party online tat bazaar came in below management expectations during calendar Q3. President and CEO John Donahoe said the e-commerce platform has a runway to grow, “however, without a doubt, eBay …
Paul Kunert, 16 Oct 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
sap security vulnerabilities

SAP’s cloudy future prompts a dip in profit forecast

German software giant SAP has cut its profit margin forecast for 2017, as its cloud offering is set to take off and dent the company's (still-bulging) pockets. According to its results today, Tuesday, by 2017 operating profit will be around €6.3bn-€7bn (£4.8bn-£5.3bn) on revenue of €21bn-€22bn (£16bn-£17bn). This is down from …
Kat Hall, 20 Jan 2015
money_yen_dollar_pound

Fujitsu slapped down in Land of the FALLING YEN

Revenue dropped 2.4 per cent at Japanese IT giant Fujitsu to ¥1,171.5bn (£6.6bn, $9.9bn) in the firm's third-quarter results, when compared with the same period last year, although a fall in the yen propped up non-domestic revenue levels. Sales in Japan took the biggest hit, falling 8.6 per cent due to a decline in shipments of …
Kat Hall, 30 Jan 2015
Cell tower, view from below. Image by Shutterstock.com

Whew, US cellcos... Better find a new revenue stream, QUICK

Analysis The wave of operator consolidation across the Americas and Europe is driven by the urgent need to cut costs and achieve economies of scale. With average revenue per user (ARPU) falling, even for supposedly premium LTE and fiber services, and with huge infrastructure upgrades still ahead, carriers need to find drastic cost …
Wireless Watch, 05 Jan 2015

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

Sales slip at fine-hit CSC after firm escapes from the NHS

Sales at US computer giant CSC dropped 8.7 per cent to $2.95bn (£1.9bn) for its third quarter - around $150m (£98.6m) below what the company had hoped. The company also recorded an income loss of $313m (£206m) for the third quarter, which was affected by pre-tax pension-related charges of $462m (£303m) and a $195m (£128m) charge …
Kat Hall, 10 Feb 2015

What exchange rate blues? Our storage revs have grown – HP

Comment Despite lousy dollar exchange rates, HP storage revenues are climbing – unlike those of NetApp, which fingered those same exchange rates as the cause of its woes. In its first fiscal 2015 quarter HP’s revenue was $26.84bn, down 5 per cent on an annual compare, with net income of $1.37bn, down 4 per cent from a year ago. So far, …
Chris Mellor, 25 Feb 2015
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 …
TwitterIPO

Twitter fears big EU tech payout to pacify lawmakers over data-slurping concerns

A fretful Twitter has told investors that it may be forced to shell out cash on IT infrastructure in Europe if the Safe Harbor pact between the EU and the US collapses. The profit-shy company, which derives most of its revenues from advertising, revealed its fears in Twitter's annual report published on Tuesday. Meanwhile, it …
Kelly Fiveash, 04 Mar 2015

Mobe-hungry BT's sales slip over Xmas amid EE buyout silence

Sales at one-time state telco monopoly BT fell by three per cent to £4.48bn in its third quarter, the company announced today. The decline, as compared to last year's Q3 revenues, reflects a "modest" decline in BT's business revenue with more customers moving to data and VoIP services, it said. The company also blamed foreign …
Kat Hall, 30 Jan 2015

QLogic hits all-flash bullseye, doubles profit

QLogic is smiling, and so it should, with revenues and profits growing, and all-flash arrays, where it has host server connectivity dominance, blooming too. The glory days might just be coming into sight again. Revenues for its full-year 2015 third quarter were $140.2m, 10 per cent higher than the previous quarter, and a chunky …
Chris Mellor, 30 Jan 2015
arrow pointing up

Rackspace posts double-digit jump in sales and profits

Cloud purveyor Rackspace clocked up sales of $1.79bn (£1.16bn) for its full-year 2014, a 17 per cent increase on 2013, while net income rose 28 per cent to $110m (£73.1m). Fourth-quarter net income at the cloudy firm was particularly strong, increasing 80 per cent to $37m (£24m) on revenue up 16 per cent to $472m (£306m). But …
Kat Hall, 18 Feb 2015

UK chip champ ARM flexes muscle: Shows strong profit and sales

UK processor core design biz ARM today posted double-digit profit and turnover growth for its full-year results 2014, with the company reporting a "record" number of licences signed in its fourth quarter. Profits rose 13 per cent to £411.3m at the Cambridge-based group, on revenue up 16 per cent to £795m for the year ended 31 …
Kat Hall, 11 Feb 2015
Nokia Lumia 830 group

What's that, Microsoft? Yep, a Lumia and Surface SALES BOOM

Microsoft shipped a record number of Lumia smartphones in the final quarter of calendar year 2014, as Surface revenue finally started to make an impression. Microsoft reported that 10.5 million Lumias shipped, the most in a quarter, on the strength of low-cost devices. However, to put that in perspective, Samsung sold over 78 …
Andrew Orlowski, 27 Jan 2015

4G Mobile data suck stiffens Vodafone revenues

Vodafone has seen an increase in its UK revenues of almost one per cent during the fourth quarter of 2014, prompted by users gradually moving to 4G and spending more on data. Revenue in the fourth quarter of 2013 was £1,518m, rising to the princely sum of £1,532m for the end of 2014, the mobile giant's first UK revenue rise for …
Simon Rockman, 05 Feb 2015
Sky 3D football

Sky bathes in cash - then adds FIVE BEELLLION to its debt mountain

Sky is successfully unbundling itself, or so it seems, and trying to fight off the twin assaults of telco giant BT breaking its live football stronghold in the UK and the emergence of over-the-top players such as Netflix. For the period covering the six months ended 31 December, the company formerly known as "BSkyB" had an …
Andrew Orlowski, 04 Feb 2015
No Sale

PwC: Forget margin, tech biz, HUSTLE for that SALE

The phrase "turnover is vanity, profit is sanity" apparently does not apply to the tech sector, with PwC advising companies this year to focus on revenue growth above margins and "yield maximum shareholder value". According to the report 2015 Technology Industry Trends this is particularly important in a "volatile market", which …
Kat Hall, 27 Jan 2015
Close-up of a YouTube logo as viewed on a computer screen in close up...

NO ONE is making money from YouTube, even Google – report

It seems no one is making money from online goggle box YouTube, least of all Google – despite reports that the company generated $4bn (£2.6bn) revenue last year. While YouTube accounted for about six per cent of Google’s overall sales last year, it didn’t contribute to earnings, a source told the Wall Street Journal. YouTube's …
Kat Hall, 26 Feb 2015
Stormy Dover. Pic: Phil Houghton

CommVault CEO: Quick, throw me some more sales reps

Data protection and archiving vendor CommVault is in a profits hole and management hasn't been able to stop digging yet. Profits of just $3m in its third full-year 2015 quarter were only two per cent of revenues, after being 4.3 per cent in the previous quarter and five per cent a year ago, when revenues of $153.3m were slightly …
Chris Mellor, 29 Jan 2015

Brocade's IP strategy stutters in flat first quarter

A recovery in storage area networking product revenues has offset sliding IP networking sales to give Brocade a first quarter 2015 revenue result of US$576m, up two per cent quarter-on-quarter and the same amount year-on-year. Although flat year-on-year at at US$353m, the SAN segment swelled nine per cent in Q1 2015, reversing a …

HP sets net to snare Aruba: reports

HP looks like breaking its long embargo on large acquisitions by snaffling Aruba Networks, according to emerging reports. Bloomberg's report cites the usual “people with knowledge of the matter” as saying the two companies are in talks, adding that the deal is in such early stages that it could still fall through. The Wi-Fi …
Hortonworks logo

Big data = big loss for Hadoop-flinger Hortonworks

If the future of big data is Hadoop, those peddling it still have a long journey ahead of the them. Newly IPO'd Hortonworks' inaugural results show a company whose losses are growing as its business expands. Further, it’s not subscriptions to Hortonworks’ implementation of the open-source Hadoop that are growing most – it is …
Gavin Clarke, 25 Feb 2015
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
SEC

US tech titan CSC slapped with $190m penalty

IT giant CSC has been slapped with a $190m (£122m) penalty by US regulator the Securities and Exchange Commission following a probe into the firm's accounting practices. The investigation was opened in 2011, mainly into the firm's European outsourcing unit - including revenue from its troubled NHS contract negotiations between …
Kat Hall, 30 Dec 2014
The Child Catcher

Google hatching YouTube Kiddie Vids – report

Google is about to enter the lucrative revenue stream of advertising to children, with the Chocolate Factory set to reportedly announce a YouTube app for kids. YouTube executive Malik Ducard will unveil YouTube Kids on Monday at the entertainment industry event Kidscreen Summit, according to The Wall Street Journal. A source …
Kat Hall, 20 Feb 2015
big droplets falling from rain cloud

VMware cracks US$6bn for the year, says SaaS will slow growth

VMware today used its Q4 2014 earnings call to warn its revenue growth will slow because it's doing so well in the cloud. The overall picture is rosy for VMware, which announced a US$1,703 million quarter and $6.03 billion dollar year, up 15 per cent and 16 per cent respectively on the corresponding periods from 2013. Other …
Simon Sharwood, 28 Jan 2015

Cisco targets India with new investment

In a move interpreted as an endorsement of the new Indian government headed by reformer, and digital service delivery believer, Narendra Modi, Cisco wants to turn around its fortunes in India, and is reportedly putting US$1.7 billion on the table as part of its strategy. The Economic Times reports the commitment, which The Borg …