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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
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
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New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 2014
The Register breaking news

Yahoo! wows Wall Street with revenue drop

Yahoo!'s revenues took another fall during the fourth quarter - that's the fifth tumble in a row - but they didn't fall quite as much as expected. The beleaguered web portal reported revenues of $1.73bn during Q4, a 4 per cent drop from a year ago. But that's up 10 per cent from Q3, and it beat the expectations of both the Wall …
Cade Metz, 27 Jan 2010
The Register breaking news

Yahoo! revenue! AND! profits! bomb! as! expected!

Yahoo! surprised no one yesterday when it reported its third quarter results to Wall Street. The company, which is searching for a replacement CEO following Carol Bartz's undignified sacking in September, said its Q3 net income hit $293m, or 23 cents a share. But that's down 26 per cent on the same period a year earlier, when …
Kelly Fiveash, 19 Oct 2011
The Register breaking news

Nvidia forecasts massive Q4 revenue drop

Nvidia has warned that its revenue will fall sharply below previous estimates due to collapsing demand from end-users and PC makers in the global recession. The graphics chip maker now expects to report a decline in its fiscal fourth quarter sales of between 40 and 50 per cent compared to the previous quarter. Based on its third …
Austin Modine, 13 Jan 2009
The Register breaking news

Microsoft doubles quarterly revenue drop

Microsoft has recorded its second year-on-year decline in quarterly revenue, more than double the size of the first crash it reported this spring. Revenue for the whole company fell by 17 per cent to $13bn for the three months ending June 30, compared to a six per cent drop of $13.65bn reported in April. Income for the fourth- …
Gavin Clarke, 24 Jul 2009
Decaying red telephone boxes

Chucking cash at sport and broadband starts to pay off for BT

BT shares climbed three per cent this morning off the back of decent end-of-year results from the one-time national telco, which saw its sales growth outshine market predictions. But, despite being buoyed by its unexpected achievement of flat revenues of £18.3bn as well as a six per cent rise in adjusted pre-tax profit of £2.8bn …
Kelly Fiveash, 08 May 2014

'Eventful but positive' year for RM as it quits the PC-making world

Shape-shifting education supplier RM was in philosophical mood as it exited a biz-changing fiscal '13 with profits up and revenues down, impacted by fewer – but higher margin – Building Schools for the Future contracts. Turnover in the 12 months to 30 November fell nine per cent year-on-year to £261.7m (8.4 per cent excluding …
Paul Kunert, 03 Feb 2014
The Register breaking news

Vodafone revenues hit as customers in Europe hang onto their cash

The end of Vodafone's financial year saw the company writing down £7.7bn in assets, leaving it with a profit of only £673m based on annual revenue which declined 4.4 per cent to £44.4bn. The revenue drop was the largest ever for the telecommunications giant, it said. The bright spot in the Vodafone numbers was again Verizon, …
Bill Ray, 21 May 2013
arrow pointing up

Ex-top disk dog down in the revenue dumps

Seagate has announced preliminary third quarter results 11.5 per cent lower than a year ago, with 1.3 million fewer disk drives shipped, but announced it is going to begin making dividend payments. Happy investors have boosted its shares by 9.12 per cent to $16.03. Seagate said for its third fiscal 2011 quarter, ending April 1, …
Chris Mellor, 08 Apr 2011
The Register breaking news

Microsoft records first ever revenue drop

Microsoft's reported its first ever drop in year-on-year revenue thanks to a combination of deteriorating PC sales and increased uptake of cheap netbooks. Revenue for its third fiscal quarter fell six per cent to $13.65bn, the company said Thursday, while net income plummeted 32 per cent to $2.98 bn. Earnings per share dropped …
Gavin Clarke, 24 Apr 2009
Footing

Fusion-io posts another loss-making quarter but execs remain bullish

For flash fettlers Fusion-io's finances, it isn’t spring yet – but nor is it the bleak mid-winter. Revenues are starting to look as if they are on a solid footing with sequential growth and reduced losses. Fusion-io makes PCIe flash cards and has suffered wrenching senior management changes, including the departure of the …
Chris Mellor, 23 Jan 2014
Mark Moshayedi Jan 2013 Interim STEC CEO

Fallen flash flogger sTec says direct sales will save its bacon

Flash disk maker sTec isn't looking healthy. Its revenues have declined by over a third from the last quarter and net losses exceed revenues for this quarter - as they have done for the last 18 months. Revenues from storage array manufacturers are falling away faster than the company's alternative revenue-generating efforts are …
Chris Mellor, 09 May 2013
Rackgo systems include servers, storage, switching, and batteries

Server sales continue decline – time to bargain hard with your supplier

These are not easy days to be a server maker – and it very likely it'll never be easy again, so we had better get used to it. In the short run, there has probably not been a better time to wrestle with your server vendors on price since the dot-com bust. That said, the confluence of many factors is putting tremendous pressure on …
The Register breaking news

eBay revenue shrinks for first time in history

In the fourth quarter, for the first time in its history, eBay saw a decline in year-over-year revenue. "We're not happy about that," CEO John Donahoe told analysts and reporters during the requisite conference call announcing the company's Q4 results. For the quarter ending December 31, eBay pulled in sales of $2.04bn, a 6.6 …
Cade Metz, 22 Jan 2009
Rackgo systems include servers, storage, switching, and batteries

ODMs and DIYs chomp x86 server racket

If the server market is an indicator of the health – or lack thereof – of the global economy, then we're not quite out of the woods of the Great Recession, despite the exuberance on the global stock markets. According to the box counters at Gartner, server revenue worldwide were down 5 points to $11.83bn in the first quarter …
Photo of the Keon Firefox OS phone from Geeksphone

Foxconn signs on to build Firefox OS devices for clients

Taiwanese electronics manufacturing giant Foxconn, best known in the West for assembling Apple's iPhones, has announced its support for the Mozilla Foundation's web standards–based Firefox OS. The gizmo-maker said at a press event in Taipei on Monday that it had entered into "a wide-ranging partnership" with Mozilla, though no …
Neil McAllister, 03 Jun 2013
Morse

Morse sees revenue slide

Professional services firm Morse today reported a 13 per cent group profit fall and said its continued drive away from the IT infrastructure market had put a dent in its financial figures. Revenue from continuing operations was down £40m to £256.5m for the year-on-year period ended 30 June 2007. The infrastructure arm of the …
Kelly Fiveash, 04 Sep 2007
AMD logo

AMD smacked by channel slump in Q2

The bean counters at AMD have done a first pass on the company's second quarter, and it is not looking so good. The company said in a statement after Wall Street called it a day on Monday that revenues in the second quarter ended in June would fall by approximately 11 per cent sequentially from the first quarter. AMD had …

Sony and Tosh gobble chips to kick start recovery

Ailing Japanese electronics giants Sony and Toshiba are set to splurge a combined total of over $US14bn (£8.7bn) on chips next year to support a range of new products they hope will turn their fortunes around, according to market watcher IHS iSuppli. The analyst revealed in its IHS Semiconductor Spend Analysis report that Sony’s …
Phil Muncaster, 06 Dec 2012
Fusion-io ioScale 3.2TB card

Fusion-io nosedives as Facebook, Apple finish scoffing flash and chips

Flash memory maker Fusion-io's revenue is forecast to decline by 30 per cent from last quarter to the next, ending its meteoric growth. Sales in the company's Q2 of fiscal 2013, which ended on 31 December, rose 43 per cent year on year to $120.6m, an 8 per cent rise on Q1 and a record for the company. Profits of this latest …
Chris Mellor, 31 Jan 2013
LIFE_SUPPORT_HEART_AND_LUNG_MACHINE

SanDisk jolted out of flatline after Q3 flash storage shock

SanDisk is putting its poor first and second quarter results behind it, as the flash storage supplier returns to selling stuff customers want and starts growing revenues and profits again. A total of $1.27bn in revenue came in in SanDisk's third calendar 2012 quarter, with net income of $77m. Comparing it with the year-ago …
Chris Mellor, 19 Oct 2012
channel

Clouds overshadow 'shrinking' UK server market

The UK server market is forecast to shrink next year as the corporate refresh nears it end of cycle and more SMEs turn to cloud computing instead of buying hardware. This is the view of the landscape in 2012 according to the number-crunchers at IDC, which downgraded previous estimates of a 2.1 per cent revenue decline for the …
Paul Kunert, 27 Sep 2011
Broken CD with wrench

Sandisk's revs circle drain as mobile flash demand drops

We thought flash demand was booming, but flash supplier Sandisk's quarterly revenue has dropped to its lowest point in seven quarters after price drops and demand falls. It expects the next quarter to be even worse. Revenues in its first 2012 quarter were $1.21bn, down 7 per cent year-on-year and a thumping 24 per cent …
Chris Mellor, 20 Apr 2012
The Register breaking news

US broadcasters put the squeeze on small-town cable TV

Small cable TV networks are having to increase their prices just to offer content that the owner will happily give away, and they want the FCC to do something about it. The content in question is broadcast TV channels, which are free to receive if you've got a roof-top antenna and a decent line of sight, but are also normally …
Bill Ray, 23 Mar 2012
Cat 5 cable

Chip forecast upped by Gartner

The market watching wizards at Gartner have taken another gaze in the crystal ball, and after some buffing and polishing have decided that the outlook for the semiconductor industry in 2012 is a bit better than they had expected as 2011 came to a close. According to the latest forecast, Gartner now expects for global chip sales …
Jeanette Horan

IBM CIO's Great Refresh: No, Sales Guy, you can't JUST use DropBox

She might be CIO of IBM, but Jeanette Horan is just like you: replacing Windows XP with Windows 7, ripping out Internet Explorer 6 and floating a growing amount of software on the cloud. She also has to contend with staffers begging her for the ability to share information using third-party sync 'n' share apps like DropBox. …
Gavin Clarke, 02 Aug 2013
hands waving dollar bills in the air

Windows 7 misses Microsoft's summit of success

Microsoft has reversed the blow to its business wrought by the recessionary end of 2008, announcing second-quarter results more in-line with its standard performance. On Thursday, the company boasted the demand for Windows 7, launched in October, had propelled it towards record second-quarter revenue and profit. The comparable …
Gavin Clarke, 29 Jan 2010
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Symantec hit by massive goodwill impairment

Symantec announced moderately satisfying but recession-hit numbers for the full fiscal 2009 year, with the final quarter showing a revenue drop. A massive goodwill impairment charge of $7.4bn blew an enormous, non-cash hole into net income numbers for the full year and its final quarter. Fourth quarter fiscal 2009 revenues were …
Chris Mellor, 07 May 2009
The Register breaking news

Google profits swell (only) 24 per cent

Google's revenues leapt 24 per cent during the second quarter, and profits rose 24 per cent as well. But that wasn't enough to satisfy the Wall Street guessmen. Mountain View raked in $5.09bn during the quarter ending June 30, up from $4bn in last year's Q2, while income rose to $1.84bn, up from $1.48bn. "Everyone read the …
Cade Metz, 15 Jul 2010
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HP ramps Superdome 2 shipments

Hewlett-Packard wants to remind everyone that it's still in the high-end server business. It wants you to know that since its blade-ish Superdome machines shipped at the beginning of the fall, sales are ramping up in line with competitive RISC/Unix iron from IBM and Oracle/Fujitsu. HP's PR machine, looking for something good to …
channel

IBM has lousy disk storage quarter

IDC's latest disk storage market tracker report fingers IBM as the big loser, dropping 22.7 per cent from Q4 last year compared to Q4 07 in total disk storage systems factory revenue. Total external disk systems factory revenues declined 0.5 per cent year-on-year (y-on-y) to $5.3bn, while the total of all disk storage system's …
Chris Mellor, 09 Mar 2009
fingers pointing at man

HP to forge x86 Integrity and Superdome servers

HP will forge Integrity and Superdome machines based on Intel's Xeon processors in addition to the Itanium machines it currently is selling, and plans to upgrade through at least two more processor generations. Not that we didn't warn you. El Reg anticipated this when the "Tukwila" Itanium 9300-based Integrity and Superdome 2 …
Logica

Logica admits outlook uncertain

IT services group LogicaCMG admitted today that its outlook for 2008 remains uncertain as it posted full year results that were below market expectations. Pre-tax profit tumbled more than a quarter from £116.6m in 2006 to £84.1m for the year ended 31 December 2007. Adjusted operating profit was up two per cent to £207.6m which …
Kelly Fiveash, 27 Feb 2008
The Register breaking news

Yahoo! lops off (another) five per cent of self

After watching profits plummet nearly 80 per cent during the first three months of the year, Yahoo! will jettison five per cent of its worldwide workforce. But new chief executive Carol Bartz insists these staff cuts are nothing like the staff cuts made by the beleaguered web giant at the end of last year. "To allow us to focus …
Cade Metz, 21 Apr 2009

StorageTek turns nifty Q3 profit

A streamlined StorageTek managed to turn a nice profit in its third quarter despite flat revenue. The tape specialist pulled in $527m during the period, which is just slightly higher than the $520m in revenue posted in the same quarter last year. StorageTek's net income, however, rose significantly to $43m in the third quarter …
Ashlee Vance, 20 Oct 2004
For Sale sign detail

Sun stuns server market in Q1 with sales spike

The server market was slapped and dropped on its head during the first quarter of 2006. We haven't seen anything quite like it since 2000. What's the big shocker? Well, Sun Microsystems actually enjoyed one of the stronger runs during the first quarter by most metrics, while Dell proved one of the worst performers. Beyond the …
Ashlee Vance, 24 May 2006
hands waving dollar bills in the air

Euro server slump makes Itanium look good

European server sales were so bad in the first quarter that Intel's long-unloved Itanium actually stood out as a comparative beacon of light. Figures from IDC show that server revenues in EMEA were down 34.3 per cent in the first quarter to $2.9bn, while shipments slumped 29.6 per cent to under 500,000 units. The EMEA slide was …
Joe Fay, 02 Jun 2009
Dollar

Four-core Opteron box fiasco crushes Cray's 2007

Cray has blamed delayed shipments of Opteron-based servers for a likely massive fall in 2007 revenue. The supercomputer maker today warned that its midpoint forecast for 2007 revenue has been lowered to $200m from previous guidance last month of $230m. The revenue drop comes as a result of delayed XT4 system shipments and could …
Ashlee Vance, 04 Jun 2007

Intel rides laptop chips and lower costs during Q2

Strong notebook and server chip sales carried Intel to a second quarter that neared the high end of previous forecasts. Investors, however, seemed unmoved by the results, as Intel noted strong pricing competition in the desktop market and a reliance on cost-cutting measures to gloss its results. Intel reported second quarter …
Ashlee Vance, 17 Jul 2007
Warning Go

Rackable president ousted after two days

Tom Barton got to play king for a day — or two days, as it were — reigning over Rackable systems as CEO and President over the entire weekend before being offed completely. The storage and server maker listed a Q1 revenue drop of 15 per cent Friday, and replaced its previous year $6m profit with a $10m loss. With the news, …
Austin Modine, 30 Apr 2007
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Sun posts flat Q4

Another year, another revenue drop for Sun Microsystems. The hardware vendor today turned in fourth quarter and full year results that showed continued struggles to gain market share, ship high-end servers and sell storage. In the fourth quarter, Sun posted revenue of $2.98bn - a 4 per cent drop from $3.11bn posted in the same …
Ashlee Vance, 27 Jul 2005

Intel makes income disappear in Q4

Intel performed a disappearing act during its fourth quarter, hiding revenue and income from investors. The chip giant saw Q4 revenue drop five per cent to $9.7bn. More stunning, however, was Intel's 39 per cent net income slide to $1.5bn (EPS of 26 cents). These results capped off a difficult year for the company, as it tried …
Ashlee Vance, 16 Jan 2007
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Investors bury Brocade on dismal Q3

Shares of storage switch maker Brocade were pounded this week after a troubling third quarter revenue drop rattled investors' nerves. Brocade revealed preliminary third quarter results of revenue between $121m and $122m. That's a shocking miss from a previous forecast issued in May of revenue between $140m and $145m. Investors …
Ashlee Vance, 04 Aug 2005
cloud

Sun downgraded to Goldman Sachs sell list

The stock and probably the collective psyche of server and operating system maker Sun Microsystems is taking some hits today as an IT watcher at Goldman Sachs put the company on its sell list. Sun has been on a lot of sell lists in recent years, of course, as it has struggled to even maintain sales, much less get profits, in cut …
The Register breaking news

Corel cuts staff in bid for profitability

ComputerWire: IT Industry Intelligence Corel Corp has announced that it has reduced its workforce by 220 employees, approximately 22%, as it aims to become profitable and generate positive cash flow. The Ottawa, Canada-based graphics and office software vendor said the cuts would affect all departments and enable it to reduce …
ComputerWire, 07 Nov 2002
SGI logo hardware close-up

Servers carry IBM to solid Q1

A solid performance from IBM's server unit helped carry the company to a decent first quarter. IBM reported $22.2bn in total revenue for the quarter, which stands as an 11 per cent increase over the $20.1bn posted a year ago. Net income also increased to $1.6bn up from $1.4bn. "IBM continued to out-perform the industry in our …
Ashlee Vance, 16 Apr 2004
cable

IBM up and optimistic in Q3

IBM's showed a modest revenue increase for the third quarter, but results were good enough for the vendor to say that the IT market has stabilized and even to say it will add 10,000 workers next year. IBM posted revenue of $21.5 billion for the period, which marks a 9 per cent increase over the $19.8 billion posted in the same …
Ashlee Vance, 15 Oct 2003
The Register breaking news

CMGI plunges deeper into the Red Ink Sea

CMGI, the dotcom investor/conglomerate, saw losses top $2.5bn for its second quarter - and it forecasts a sales slowdown for the next few months. The Massachusetts-based company recorded a net loss of $2.56bn, or $7.86 per share, for the period ended January 31 2001, compared to a loss of $186 million, or 74 cents per share, …
Linda Harrison, 13 Mar 2001