Articles about Revenue Drop

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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

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

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

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
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

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

Siebel teams with IBM in software climbdown

Siebel has formed a partnership with IBM to sell its CRM software over the internet as a low cost monthly subscription service. This represents a climbdown by CEO Tom Siebel, who vocally dismissed the subscription model two years ago after a failed initial experiment with a spun-out business called This was merged …
News IS, 03 Oct 2003
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
The Register breaking news

HP overshoots on Q1

ComputerWire: IT Industry Intelligence Does the fact that Hewlett Packard Co did a little better than expected in its first fiscal quarter mean that the $25bn merger with rival Compaq Computer Corp is a good idea, as chairman and CEO Carly Fiorina clearly believes, Tim Prickett Morgan writes Or does it mean that, as founder's …
ComputerWire, 14 Feb 2002
The Register breaking news

Samsung dons TFT-LCD crown

Korea's Samsung Electronics sold the most large TFT-LCD panels in Q4 last year, against a backdrop of disappointing industry sales worldwide. Large area (10.4 inch and above)TFT-LCD panel shipments were 1.035 million less than expected - falling one per cent on the previous quarter to 8.4 million, according to a survey by Texan …
Linda Harrison, 15 Mar 2001
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
The Register breaking news

MS turns in whopping 41 per cent net profit

Despite Microsoft's first quarter ending 30 September showing 7 per cent lower revenue than the previous quarter, as well as net income down 0.5 per cent, this is not the story being reported today. Microsoft prefers to make comparisons with the year-earlier quarter, which shows its results in a better light. Revenue was $5.38 …
Graham Lea, 20 Oct 1999