Articles about Revenue

Arista revenue rises to US$179 million in March quarter

Arista Networks has reported continuing growth, taking its revenue to US$179 million, but at the cost of a slimming of its margins to 65.8 per cent (down from 69.4 per cent a year ago). The revenue growth was strong at nearly 53 per cent higher than a year ago, but it slowed at the end of the period and was only 3.2 per cent up …
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Rackspace shares tumble on lowered forecast, revenue miss

Shares of cloud hosting provider Rackspace were battered on Monday after the firm reported a lackluster forecast for the second quarter of its fiscal 2015. Rackspace's total revenue for the three months ending on March 31 was $480.2m, a 14.1 per cent increase over the previous year's first quarter – not bad, but Wall Street was …
Neil McAllister, 12 May 2015
HP Logo splitting in two

HP beats the street on earnings, misses on revenue in Q2

HP has announced its results for its second fiscal quarter, and the news is mixed. The market expected the company to post earnings of 85 cents on US$25.64 billion in revenue. The company trumped the earnings figure by announcing it delivered 87 cents per share, but missed on revenue with a figure of $25.45bn. That's down seven …
Simon Sharwood, 22 May 2015
Huawei HQ

Huawei bellows big revenue jump thanks to brisk 2014 phone sales

Huawei – which was backed by Britain last week despite repeated claims that the Chinese company's network kit could endanger national security – saw a 33 per cent leap in net profit for 2014. The privately held, employee-owned telecoms giant reported its full-year results this morning, when the firm's rotating CEO Ken Hu …
Kelly Fiveash, 31 Mar 2015

Roar of the Dragon: Revenue up by nearly half at Alibaba as it expands into Silicon Valley

Revenue soared by 45 per cent at Chinese e-commerce and tat bazaar giant Alibaba to 17.43bn yuan (£1.8bn) for its first quarter, compared with the same period last year. However, overall net income fell by 49 per cent to $463m (£300m) as the company made significant share-based compensation payouts to investors and employees …
Kat Hall, 08 May 2015

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
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Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015
POwered_Wheelchair

Revenue jumps, but FalconStor still wobbly on its feet

The sickly software-defined storage child that was FalconStor is not yet a strapping adolescent, but is at least on the way back to full health. First quarter 2015 revenues were a startlingly high $19.9 million, coming from a quarterly revenue band of $12-$15 million over the previous eight quarters. The year-ago quarter’s …
Chris Mellor, 24 Apr 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
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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
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 …
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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
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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
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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 …
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
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
De Vaartkapoen. Pic: Bianca Bueno

Security software's a booming market. Why is Symantec stumbling?

Worldwide security software revenue totalled $21.4bn in 2014, a 5.3 per cent increase from 2013's revenue of $20.3bn, according to the serious bean counters at Gartner. A decline in consumer security software and endpoint protection — areas that together account for 39 per cent of the market — was more than offset the strong …
John Leyden, 27 May 2015
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
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Former Cisco money chief cash-lands at Red Hat

Cisco’s departed financial chief Frank Calderoni has landed as CFO and operations chief at Linux distro kingpin Red Hat. Calderoni was the network giant’s CFO for seven years and managed the company through growth, acquisitions, layoffs and restructuring. He replaces Red Hat’s CFO Charlie Peters, who is retiring. During his …
Gavin Clarke, 23 Jun 2015
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
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
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

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

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. “ …

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

Teradata tumbles off Wall Street pedestal, buys back paper

Big data and data warehouse shop Teradata has fallen from Wall Street grace with a Q1 revenue and profits miss. First quarter 2015 revenues of $582 million were 7.3 per cent down on the year-ago quarter's $628 million. The $22 million net income was 63 per cent less than the $59 million recorded a year ago. In the prior quarter …
Chris Mellor, 07 May 2015

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
Sydney Harbour Bridge in the cloud

Azure's already a AU$50 million business in Australia

Australia's financial year ended on Tuesday, and Vulture South understands that when the F9 key was pressed to do all the sums, the number in the cell marked “Azure revenue” came in at about AU$50m, plus or minus $5m (about US$38.2m, £24m). That sum was all Azure revenue – Office 365 isn't counted in the calculations. The Reg …
Simon Sharwood, 01 Jul 2015
Mark Hurd and Safra Catz

'Oracle, why are your sales f-' CLOUD CLOUD CLOUD, blasts Larry

Investors had their knives out for Oracle once again on Wednesday after the database giant's fourth-quarter results missed analysts' estimates on both earnings and revenue. The report capped off a disappointing year for Oracle, one in which its total revenue for the twelve months was flat from the previous year, at $38.23bn. It …
Neil McAllister, 17 Jun 2015

French outsourcer Atos fattens revenues on UK public sector

French outsourcer Atos posted bumper profits int its first quarter, mainly buoyed by the UK public sector deals. Revenue rose 17.6 per cent to €2.4bn (£1.7bn), compared with the same quarter last year. The UK was the biggest market for the outsourcer, growing 15 per cent to €511m (£367m) compared with the same quarter last year …
Kat Hall, 22 Apr 2015

Europe drags, as Accenture posts steady growth

Outsourcing giant Accenture posted a yearly sales increase of five per cent to $7.5bn (£5bn) for its second quarter results, highlighting its "digital" investments as a reason for the consistent growth. However, its European revenue dropped by two per cent to $2.66bn (£1.8bn). The company singled out France, Germany, Spain and …
Kat Hall, 27 Mar 2015
Taylor Swift

Spotify springs bloody leak as losses grow to $197m – report

Spotify's net losses jumped significantly in 2014 to $197m from $68m a year earlier, it has been reported. The Stockholm, Sweden-based music streaming service blamed hole in finances on international expansion, recruiting more staff and product development. According to the New York Times, which cited documents filed in …
Kelly Fiveash, 09 May 2015

Gartner: Dell nowhere to be seen as storage SSD sales go flat

Well, here's another nail in the coffin for traditional storage arrays; Gartner claims array SSD sales were up just one per cent year-on-year, while server flash sales grew 51 per cent. EMC leads the AFA players, while Cisco and Dell are nowhere. Total enterprise SSD revenue is 2014 was $5.77bn, up 30 per cent year-on-year. …
Chris Mellor, 11 May 2015
Sleeper

Airbnb beats actual posh hotel chain with stupidly large valuation

Airbnb is shortly expected to unveil a valuation of $24bn (£15bn), meaning it will soon be worth more than actual hotel chain Marriott, according to reports. This month, Airbnb expects to close a $1bn (£628m) funding round at a $24bn valuation, "people familiar with the matter" have whispered to the Wall Street Journal. In …
Kat Hall, 18 Jun 2015

Yahoo! sees! profit! and! shares! fall! as! earnings! missed! - save! us! Japan!

A first quarter earnings report from Yahoo! revealed the company had missed its revenue forecast again, prompting a share price fall for the once great tech company, and increased talk of stake sales. Results for the quarter ended 31 March 2015 showed an “encouraging revenue growth of eight per cent, with display revenue growing …
RingRing Remember these? What's special about the rear left one?

Give us your software BlackBerry, we love it. The phones? Meh

Rising software revenue helped make up for continuing falls in phone hardware income at BlackBerry in the past quarter, with the waning giant booking revenue of $658m for first quarter of full year 2016, and reported a non-GAAP operating loss of $7m. Forty per cent of all income was phone sales, of around 1.1 million devices. …
Andrew Orlowski, 23 Jun 2015
Poor people in India queue for a political party-sponsored medical check. Pic: Welfare Party of India

Tech Mahindra posts profit warning: The end for Indian outsourcing?

Indian outsourcer Tech Mahindra, which bought disgraced rival Satyam in 2012, has issued a profit warning — the first sign of trouble in the buoyant market for some time. In a regulatory filing to the Bombay Stock Exchange, it blamed a "seasonally weak" mobility business for dragging down first-quarter revenue, with shares …
Kat Hall, 29 Jun 2015
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Reseller SCC buys a slice of Fluidata

IT re-seller SCC has taken an undisclosed stake in London-based data connectivity outfit Fluidata, so as to further muscle into the infrastructure space. James Rigby, chief executive of SCC, said the investment will give the company access to the data telecoms market. "Fluidata positions SCC at the forefront of data centre …
Kat Hall, 23 Mar 2015
Microsoft CEO Satya Nadella

Microsoft is BEATING Amazon's cloud revenues. Er, how?

Microsoft's cloud revenues are beating those of Amazon's AWS. That's if analyst-haus Stifel Nicolaus's data is correct. Back in 2012's third quarter Microsoft commercial cloud revenue was $254m, with Amazon Web Services (AWS) ahead at $530m. In the first quarter of 2015 AWS revenues totaled $1.566bn, with Microsoft nudging ahead …
Chris Mellor, 27 Apr 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
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Confused Colt dumps the IT services market while revenues shrink

In a major about-turn, telecoms network provider Colt has today announced it will exit the IT services market as the firm searches for a fresh strategy to halt a worrying decline in revenue. "We are taking decisive action to become a more focused and disciplined organisation," said Rakesh Bhasin, CEO, in an update to the London …
Kat Hall, 30 Jun 2015
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
Fluffy grey ragdoll cat relaxes next to laptop.

HP storage revenues declining as the dithering continues

Comment HP storage revenues went backwards in its second fiscal 2015 quarter. The revenue from newer converged storage systems (3PAR, StoreOnce, StoreAll, etc) rose 5.3 per cent over the year to $356m (from $338m), but traditional storage revenues (EVA, MSA, tape) slumped 18.3 per cent to $384m (from $470 million). Overall storage …
Chris Mellor, 22 May 2015
Example of tidy cabling

Cloud market spins up a cyclone of sales

Happy days, hardware-sellers, box-peering-abacus-wielder IDC says sales of cloudy kit surged by a whopping 25 per cent in 2015's first quarter. The analyst outfit's Worldwide Quarterly Cloud IT Infrastructure Tracker found that sales of infrastructure-grade servers, storage and ethernet switches grew by 25.1% year over year to …
Simon Sharwood, 03 Jul 2015

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 …