Articles about Revenues

Violin Memory axes staff just before Christmas, gives CFO $150k bonus

Violin Memory is cutting staff while rewarding chief financial officer Cory Sindelar with a bonus to persuade him to stay for another two months. Merry Christmas, Silicon Valley style. Chief marketing officer Amy Love told The Register today: “Violin is resizing the company as part of its overall turnaround efforts. More news …
Chris Mellor, 02 Dec 2016
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Server market slumps as everyone stops buying

Abacus-shuffler IDC's Worldwide Quarterly Server Tracker for the year's third quarter makes for ugly reading: the firm says just about all categories of server sales have stalled. Revenue was down 7.0 per cent, year over year, and shipments decreased 4.6 per cent. It's not all bad, there's still 2.38m machines and US$12.5 …
Simon Sharwood, 02 Dec 2016
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Post-IPO Pure doing all right, says NVMe is the new flash

Pure Storage all-flash arrays continue to rise, with revenues up 50 per cent year-on-year in Pure's third fiscal 2017 quarter. Pure beat Wall Street estimates, and says it has achieved a near $800m run rate. It must be hoping for similar growth in its current quarter and, by its own reckoning, it could be a billion dollar a …
Chris Mellor, 01 Dec 2016

Netflix and fill – our coffers: Canada mulls taxing vid streaming giant 5% of subs cash

The Canadian government will consider a new digital tax that would see Netflix required to set aside five per cent of its gross revenues. A consultation enthusiastically opened by heritage minister Melanie Joly and titled "Canadian content in a digital world" closed last week, but may not have produced the results she was …
Kieren McCarthy, 30 Nov 2016
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Nutanix makes thundering great loss, stock market hardly blinks

A thundering great loss: that’s the first thing to notice about Nutanix’s latest quarterly results. It’s more than three times worse than the loss of the previous quarter: $162.2m vs $49.9m and the year-ago quarter’s $38.5m loss; sales grew only 19 per cent sequentially so the rate of loss-making would seem to have accelerated …
Chris Mellor, 30 Nov 2016

Gartner: It's tough out there for server-sellers

Gartner's number-crunchers say the server market declined in the third quarter, with only Cisco and the Others supplier category showing revenue growth. Worldwide server revenue slumped 5.8 per cent from a year ago with shipments sliding 2.6 per cent. In the x86 category, there was a 1.6 per cent decline in revenue and 2.3 per …
Chris Mellor, 30 Nov 2016
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RIP HPE's The Machine product, 2014-2016: We hardly knew ye

HPE lab boffins have finally, after years of work, built a proof-of-concept prototype of their fairytale memory-focused computer, The Machine. The achievement is bittersweet. A decision has been made within Hewlett Packard Enterprise management to step back from manufacturing and selling the much-hyped fabled device as a …
Chris Mellor, 29 Nov 2016
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Pound's plunge opens UK's tech SMBs to foreign buyouts - analyst

The £24bn purchase of Brit tech success ARM Holdings by Japan giant Softbank this summer was a contentious affair. The new government claimed it demonstrated that post-EU referendum Britain is “open for business”, although it has also voiced concern about British assets falling to overseas buyers with talk of a more focused " …
Gavin Clarke, 28 Nov 2016
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Jingle bells, RM tells, some staff to go away... via Skype

RM Education sprinkled some festive cheer among its staffers by confirming in a Skype call with them that redundancies are in the offing. In a statement sent to El Reg, RM managing director Toby Black, confirmed "with sincere regret" that 70 people are to lose their jobs across the business, including 35 from the head office …
Paul Kunert, 24 Nov 2016
Nimble_AF_Series_table_competition

Nimble: Thank flash for sweet, sweet AFA

Analysis A considered look at Nimble Storage's latest quarterly results show that its all-flash array (AFA) sales are rising but hybrid product sales are falling, suggesting some cannibalisation is going on. We need to provide a few numbers to show this, and the ones for the recent quarter come from Nimble's shareholder letter (PDF). …
Chris Mellor, 24 Nov 2016

Don't rush into 5G until you've got a market, warns GTI chief

MBBF2016 Mobile carriers should only adopt 5G "if we're able to create new markets", Craig Ehrlich of the Global TD-LTE Initiative (GTI) has warned the mobile network industry, adding: "If 5G does not focus on that then we're buying a lot of equipment and [just] talking a lot of hype." Huawei, organisers of the Global Mobile Broadband …
Gareth Corfield, 24 Nov 2016
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HPE core servers and storage under pressure

Analysis HPE's latest results show a company emerging slimmer and fitter through diet (cost-cutting) and exercise (spin-merger deals) but facing tougher markets in servers and storage – the new normal, as CEO Meg Whitman says. A look at the numbers and the earnings call from the servers and storage points of view shows a …
Chris Mellor, 23 Nov 2016

HP Inc CEO Dion: Whey-hey, we're on the pull

HP Inc has delivered its first full year of financial results, and they aren't looking good. Profits fell 63 per cent, revenue was down 6 per cent, and its earnings per share were down over a quarter. It had been a difficult year, CEO Dion Weisler acknowledged during Tuesday's earnings call, but the company is now planning to …
Iain Thomson, 23 Nov 2016
1980 olympics weight-lifting champs. By RIA Novosti archive, image #484445 / Dmitryi Donskoy / CC-BY-SA 3.0

HPE is creaming Dell in HPC

HPE is making almost twice as much revenue from shipping servers into the supercomputer market as Dell EMC. According to our sister publication The Next Platform, “Servers are the key component of HPC systems, and so sales of servers into the HPC space is a good proxy for the overall health of the HPC sector. “In the first …
Chris Mellor, 18 Nov 2016

A-Oh-Well: Internet corpse sheds 500 workers

AOL, best known for being your parents' old ISP, is laying off 500 workers. The dial-up giant-turned-content-network will be shedding around 5 per cent of its total workforce as part of an effort to cull the ranks of its corporate operations. Multiple reports suggest that AOL CEO Tim Armstrong has been pitching the layoffs as …
Shaun Nichols, 17 Nov 2016

NetApp's regeneration could be deep surgery or anti-wrinkle cream

Analysis NetApp's long story short – customers aren't buying the old stuff and don't like the new stuff much either. In its second fiscal 2017 quarter, revenues of $1.34bn were 7.6 per cent down on $1.45bn the year before. They were 3.9 per cent higher than Q1 2017's, though. Profits (net income) of $109m were 4.4 per cent …
Chris Mellor, 17 Nov 2016
Wallisellen, Switzerland - 30 January, 2016: sign on the wall of the Cisco Systems GmbH office.  <a href="http://www.shutterstock.com/gallery-1322746p1.html?cr=00&pl=edit-00">Denis Linine</a> / <a href="http://www.shutterstock.com/editorial?cr=00&pl=edit-00">Shutterstock.com</a>

Cisco: Revenues are flat, profits are down, and we're not changing our plan

Cisco says it will continue its push into the services space as its revenues were once again down slightly. Switchzilla told investors on Wednesday that even in a "challenging business environment" globally, it was not going to change its plans to focus on automation, security and analytics as it moves away from its …
Shaun Nichols, 17 Nov 2016
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AWS looks to add 'bill collector' to its list of cloud offerings

Amazon Web Services has opened a store that will allow customers to purchase additional software-as-a-service products and pay with their monthly AWS bill. The cloud giant says that the AWS Marketplace Vendors program will let cloud customers buy the additional services as needed, paying for time or data used rather than as a …
Shaun Nichols, 16 Nov 2016
Dev Ittcheria, President and CEO of MondoBG

MongoDB's CEO: Expect aggressive investing as biz aims at Oracle et al

Interview Dev Ittycheria, chief executive and president at MongoDB, took a moment out from the company's European event to tell The Register about its strategy for the future. The NoSQL business is approaching its tenth birthday, but plans for neither profit nor exiting are on the immediate horizon. Due to the hundreds of millions in …
The Taj Mahal

Vodafone blames €5bn H1 loss on cutthroat Indian competition

Vodafone struggled with declining revenues and profits in its first half of this fiscal year, despite blaming its €5bn net loss on a writedown of its Indian arm's value thanks to increased competition. The British telco, which from April this year has been counting its coins in euros instead of pounds, recorded a net loss of € …
Gareth Corfield, 15 Nov 2016
Dido Harding, Chief Executive of TalkTalk

TalkTalk teen hacker pleads guilty as firm reveals £22m profit jump

TalkTalk has unveiled a healthy jump in post-tax profits on the same day a 17-year-old boy pleaded guilty to hacking the British telco. This morning the teenager, who because of his age cannot be named, pleaded guilty at Norwich Youth Court to seven charges under the Computer Misuse Act. He will be sentenced on 13 December, …
Gareth Corfield, 15 Nov 2016
Smartphone showing Chinese flag

China gets mad at Donald Trump, threatens to ruin Apple

China says the rhetoric of US President-elect Donald Trump could lead it to block the sale of products by Apple and other US tech companies. An editorial from the state-run Global Times news outlet suggests that, should Trump make good on his campaign promise to declare China a currency manipulator and raise tariffs on …
Shaun Nichols, 15 Nov 2016
Trotter's Independent Trading Co.

Samsung flings $8bn at buyout of connected car biz Harman

Samsung is splashing out $8bn on buying US connected car tech firm Harman Industries, it announced this morning. The deal is for $112 in cash per share, a premium of just over a quarter on Harman’s closing share price at the end of last week. In its first quarter of fiscal year 2017 Harman sold $1.8bn worth of its “connected …
Gareth Corfield, 14 Nov 2016
Metal plant grows out of circuit board - Green IT concept pic. Photo by Shutterstock

Siemens to mentor Mentor Graphics in $4.5bn acquisition

Siemens is to acquire the design automation and industrial software business Mentor Graphics in a $4.5bn deal, including debt. Mentor Graphics, which is headquartered in Wilsonville, Oregon, generates annual global revenues of around $1bn off the back of its integrated circuit design automation software. Siemens reckons the …
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Kaminario's Dani Golan reaches for the sky

Profile Dani Golan stands on the roof of his Israeli headquarters and points out features of the scenery: an 8,000 year-old ruin here, an ancient trade route there, a modern highway alongside the building, a sign to Nazareth, and fighter jets taking off from a nearby airforce base with thunderous, sky-filling roars. Dani is …
Chris Mellor, 14 Nov 2016

Got a cold flannel? Acer Q3 profits were bigger than cost of your lunch

2016 will forever be remembered for the Brexit vote, the Donald's presidential victory and maybe, just maybe, the year that Acer's bottom line recovery started in earnest. OK, the last one is a long shot. The Taiwanese notebook business has reported calendar Q3 results, and while the top line continued to slide on the prior …
Paul Kunert, 11 Nov 2016

Brace yourselves! Blighty is turning to AI for help

The UK government is looking at ways to revamp its digital services with the help of machine learning and AI, according to a new report released by the Government Office for Science. AI is the biggest trend taking over technology, and with the looming presence of autonomous vehicles and robots, governments are beginning to …
Katyanna Quach, 11 Nov 2016

Nvidia's financials have great numbers. Yuge numbers. The best numbers, believe me

Nvidia continued its run of solid financials Thursday by turning in a $2bn quarter. The graphics chip designer said the quarter, its fiscal year 2017 Q3, saw record revenues and earnings per share. Revenues of $2bn were up 53 per cent from $1.3bn in the year-ago quarter. Net income of $542m was up 108 per cent from $246m …
Shaun Nichols, 11 Nov 2016
Wedding ring

HPE and SimpliVity may be at church door

Meg Whitman’s big storage play could soon be realised with sources claiming Hewlett Packard Enterprise is to bid between $3.8bn to $3.9bn for Simplivity. SimpliVity is the number two startup in the hyper-converged infrastructure appliance (HCIA) market which, in turn, is the strongest growth market in storage. Dell-EMC is the …
Chris Mellor, 09 Nov 2016
London financial centre gherkin etc. photo by shutterstock

Losses and sales up, shares down at Sophos

Losses at London Stock Exchange-listed Sophos have gone up despite increasing sales. For the six months up to 30 September, revenues were $256.9m (£207.4m) compared to $234.2m in the same period a year ago. Losses, however, widened from $13.4m to $24.6m on rising R&D costs and more recurring business. Unified Threat …
John Leyden, 09 Nov 2016

Green shoot at Imation as Nexsan revenues revive

Shrunken Imation's revenues have started edging ahead in its third 2016 quarter as pared-back Nexsan grows, but losses continue. Revenues were $11.5m compared with Nexsan revenues of $14.5m a year ago, a 20.1 per cent fall. However they were 8.5 per cent higher than the second quarter's $10.6m. There was a net loss of $7.1m, …
Chris Mellor, 09 Nov 2016
Samsung Town, Seoul

How could things get worse for Samsung? Glad you asked

Police in South Korea have raided the corporate offices of Samsung in connection with a high-profile government corruption probe. The Korea Times reports that police conducted the search on Tuesday at Samsung's headquarters on the suspicion that executives at the company were involved with illegal payments to foundations run …
Shaun Nichols, 09 Nov 2016
Breadboard Pi Cobbler

European F-35 avionics to be overhauled at Sealand, says UK.gov

The UK's Defence Electronics and Components Agency (DECA) will be overhauling European nations' F-35 fighter jet avionics at a collection of sheds in a busy enclave of north Wales. DECA won the £2bn "global repair hub" contract, which will last until 2040. The agency will be partnered with BAE Systems and US company Northrop …
Gareth Corfield, 08 Nov 2016
K2s

Kaminario's K2 mountain is about to be uplifted

+Comment Kaminario is building its K2 all-flash array mountain higher in scale, performance and price/performance terms and adding dynamic composability. It sees problems with software-defined, hyper-converged systems and traditional array-based products because they can't meet the needs of customers that are getting "SaaSified," in …
Chris Mellor, 07 Nov 2016
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RIP EarthLink, 1994–2016: From AOL killer to regional ISP's attic

Turn-of-the-millennium internet giant EarthLink has been acquired and will be absorbed into the brand of a regional US ISP. Windstream Holdings said that it will gobble EarthLink in an all-stock transaction that includes assuming $436m of the former dial-up giant's debt. Upon closing, EarthLink employees and executives will …
Shaun Nichols, 07 Nov 2016
Ellison with watch photo by drserg via Shutterstock

Why Oracle's Larry Ellison shelled out $9bn for NetSuite

Analysis NetSuite's 18-year run as an independent ERP SaaS provider is over after shareholders approved Oracle's $9.3bn acquisition of the firm. Larry Ellison scraped up a narrow majority of unaffiliated shares to land one of Silicon Valley's early SaaS pioneers. Ellison got 53.21 per cent of unaffiliated shares, 21,775,553. Oracle's …
Gavin Clarke, 07 Nov 2016
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Leaner, meaner screamer from Infinidat dreamer

Infinidat is tweaking its Infinibox array design to increase its capacity. The present 3U drive trays and 2U controller enclosures will each become 1U trays, enabling an increase from 480 drives to 720 in a rack – a 67 per cent increase. These drive trays hold 60 vertically mounted disk drives. At Infinidat's Herzliya office …
Chris Mellor, 07 Nov 2016

GoPro revenues skydive

Sports camera company GoPro desperately needs good holiday season sales after a terrible third quarter. Shares fell more than 20 per cent in after-hours trading before recovering most of their value on Friday, after the company reported a 40 per cent drop in revenue. Analysts were already expecting a hefty drop, but the 40 …
Kieren McCarthy, 04 Nov 2016
Zuckerberg

Zuck loses $3bn in a day

Facebook head honcho Mark Zuckerberg lost $3bn yesterday after shares in his company fell following an earnings warning about slowing advertising growth. Despite a huge jump in the social media giant's revenues in Q3 2016 – up 59 per cent on last year – and a tripling of its profits to $2.4bn, the warning that it expected …
Kieren McCarthy, 04 Nov 2016
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

CSC shows first growth in two years... after ploughing half a billion into takeovers

Sales at outsourcing and integrator basket case CSC are growing again – all it took was hundreds of millions of pounds worth of acquisitions. The New York Stock Exchange-listed outfit reported revenue of $1.87bn for the three months ending 30 September – its Q2 of fiscal 2017. This was up 7.16 per cent on a year ago and the …
Paul Kunert, 04 Nov 2016
Qualcomm Stadium in San Diego

Qualcomm makes China pay

Qualcomm has had quite a boffo quarter to round off a pretty sound year. The California-based mobile processor and cellular modem designer says it now has nine of the top 10 Chinese handset manufacturers paying it royalties in one form or another on its wireless technologies. (Qualcomm has had a colorful history with Chinese …
Chris Williams, 03 Nov 2016
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Fitbit kit not a hit

Fitbit is giving investors cause for concern after the wearables company posted a 43 per cent drop in profits, year on year. The fall comes despite seeing Q3 2016 revenues climb by 23 per cent to $504m and total unit sales were up by 11 per cent. The company noted the profit fall was based on a number of factors, including a …
Shaun Nichols, 02 Nov 2016
Zuckerberg

Facebook logs $7bn quarter

AMD designs highly complex microprocessors that are the culmination of decades of research and development. They recently logged $1.3bn in quarterly revenue. Facebook makes a free-to-use website using other people's content, and logs more than six times that. The House of Zuck today reported $7bn in revenues over its Q3 2016 …
Shaun Nichols, 02 Nov 2016
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Pivot3 appoints new CxO as revenues rocket

Pivot3 grew like crazy in its third quarter as the hyper-converged infrastructure boom carried on... booming. It grew revenue 105 per cent year-on-year, we're told, with 67 per cent from new customers, apparently. Jamie Lerner has been appointed Chief Revenue Officer, meaning, we suppose, he's responsible for all activities …
Chris Mellor, 02 Nov 2016
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Tableau revenues drop due to weak UK sales, fingers sales bods not Brexit

Life could be better for data-visualisation business Tableau - today it reported weaker-than-expected Q3 revenues and placed the blame at the feet of its under-performing UK team, rather than the Brexit. The company had issued guidance to investors that it would grow revenues to $214m but fell short, bringing in only $206m for …

Survey finds 75% of security execs believe they are INVINCIBLE

Overconfident security execs may be putting their organisations at greater risk, according to new research. A report by services firm Accenture has revealed that of the 2,000 enterprise security practitioners – representing companies with annual revenues of more than $1bn – three in four were confident in their ability to stop …

Delayed Ingram Micro sale to Tianjin Tianhai gets green light from US regs

The Committee on Foreign Investment in the United States (CFIUS) has approved the $6bn takeover of Ingram Micro, the world’s largest tech distie, by Chinese shipping magnate Tianjin Tianhai. The proposed buyout hit the rails earlier this summer when the Shanghai Stock Exchange fired a bunch of financial questions to Tianjin, …
Paul Kunert, 02 Nov 2016
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Broadcom would certainly be broader with Brocade on board

Analysis And so a storage networking era comes to a close, and we have been here before. Brocade is reportedly up for sale, as it has been three times before. The premier Fibre Channel SAN director and switch vendor has consistently tried to use its revenues to buy other companies and diversify, because it knew the market was …
Chris Mellor, 01 Nov 2016
Spam

Florida man ran $1.35m hack-and-spam racket with 50m-plus addresses

The leader of a spamming gang that took over corporate servers and private email accounts to send out spam has pled guilty to charges of computer hacking and identity theft. Timothy Livingston, 31, of Fort Lauderdale, Florida, worked with two other partners to run A Whole Lot of Nothing, LLC. The shell company pulled in …
Iain Thomson, 28 Oct 2016
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Northamber almost strikes cheery note, warns profit a year off

Veteran distie Northamber almost introduced a note of cheeriness as it unveiled its full year results today. Almost. The firm still unveiled a slip in revenues, increasing losses compared to last year, and said profitability is probably at least a year away. In his statement, chairman David Phillips said that as it continued a …
Joe Fay, 28 Oct 2016