Articles about Slump

Storage slump? Dunno what you're talking about, beams EMC

EMC basically saw off most signs of a storage slump with a two per cent revenue rise in its second quarter 2015, although with revenue being reduced after paying $75m in a VMware pricing settlement with the US government. Revenues of $5.98bn generated profits of $487m, 17 per cent down on profits a year ago, but still well …
Chris Mellor, 22 Jul 2015

BOXing clever: Data biz embiggens sales - then its shares slump

Box, the freemium business data sharer, saw satisfying revenue growth and controlled losses for its fiscal 2015 fourth quarter and full year, although it disappointed analysts, whose comments prompted a 17 per cent share price fall. Highlights: Q4 FY 2015 revenue was $62.6m, up 61 per cent from $38.8m a year ago Q4 FY 2015's …
Chris Mellor, 12 Mar 2015
Vodafone on Piccadilly

Vodafone's Euro revenues slump by nearly TEN PER CENT

Vodafone's latest results make grim reading for the company's investors, with revenues in established markets falling and subscribers drifting away despite the firm's 4G investments. The British mobe operator's service revenues fell in Europe by 9.6 per cent and was only partially offset by gains in India and Turkey. The group …
Andrew Orlowski, 06 Feb 2014

Shopping spree helps Arrow counter organic sales slump

Healthy organic sales growth has once again proved slippery for enterprise tech bellwether Arrow Inc to grasp, though demand for heavy duty software and hardware started to re-emerge. At group level, the tech distie reported revenues of $5.68bn, up seven per cent year-on-year as reported – but this was largely due to …
Paul Kunert, 30 Jul 2014

Not even Asia can save PC market's slump

PC shipments officially entered their longest slump in history last quarter after a 10.9 per cent year-on-year decline, with even the once-proud APAC region registering another double-digit drop, according to analyst Gartner. The market watcher’s preliminary forecast for Q2 2013 makes for pretty grim reading if you’re a PC …
Phil Muncaster, 11 Jul 2013
John Chambers at the World Economic Forum 2010

BIG trouble in BIG China: Cisco shares fall off a cliff as CEO warns of slump

Cisco's shares slumped ten per cent in after-hours trading on Wednesday after the networking kingpin copped to terrible performance in emerging markets. The hardware giant squeezed $2.9bn in net income (up 11.6 per cent year on year) out of revenues of $12.1bn (up 1.8 per cent) in the third quarter of 2013. The company beat Wall …
Jack Clark, 13 Nov 2013
Candy Crush Saga

King's stocks are candy-crushed as its top toy suffers splurge slump

More than 13 per cent of Candy Crush game-maker King Digital's stock price was wiped off overnight – after it admitted players of its wildly popular mobile app were spending less and less money. King’s results for Q1 2014, the quarter in which it launched its rather poor market debut, revealed a couple of wobbles: net profit …

What PC sales slump? That's ALL OVER, declares Gartner

An optimistic new report from Gartner suggests that the PC market may actually be returning to growth, with most of the sales going to top-name vendors. By Gartner's estimates, worldwide PC shipments were essentially flat for the second quarter of 2014, growing just 0.1 per cent when compared to the same period a year ago. But …
Neil McAllister, 09 Jul 2014
Simpana 10 Content Store

CommVault boosts profits by 25%, bucks storage slump trend

Data backup and archive software supplier CommVault has delivered a object lesson in how to run a business, filing Wall Street-beating revenues and profits for its latest quarter. Its revenues for the second quarter of its fiscal 2014 were $141.9m, up 20 per cent annually and 6 per cent more than the previous quarter. Net income …
Chris Mellor, 29 Oct 2013
ho, ho, ho

A server bonanza is for Christmas, not for life: Xmas boost hides slump

One sequential bounce in EMEA server shipments and revenues doesn't a recovery make, but last year's Chrimbo quarter may have cheered hard-pressed suppliers, judging by the figures. The latest IDC data shows some 606,000 systems were sold across the region in the final three months of 2013, up 13.2 per cent on the previous …
Paul Kunert, 19 Mar 2014

Cash slump a Seagate problem, or a hard disk industry problem?

Analysis Seagate revenues and profits have slumped in its third fiscal 2014 quarter, reflecting ongoing difficulties in the disk drive market and product transitions. Revenues of $3.4bn were reported in the quarter ending 28 March, and these were 4 per cent down year-on-year. Net profits were $395m, 5 per cent lower than a year ago. …
Chris Mellor, 30 Apr 2014
An obese belly, dangling freely. Pic: Tony Alter

Woah there Dot Hill, that's one seriously fat sales boom

A five year slump is over and high-end SAN maker Dot Hill is back after posting monster fourth-quarter revenues. Full year revenues still have a way to go, though, before the firm beats its 2010 high point. $69.1m was the revenue number for the fourth 2014 quarter, 17.5 per cent up on the $58.8m recorded a year ago, and 5.6 per …
Chris Mellor, 09 Mar 2015
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Weakened Apple slab grab sees Q1 growth slump to RECORD LOW

Apple's iPad shipments into distribution have fallen faster than at any point since the slab was brought to market and yet the wheels aren't close to coming off of the fruit-emblazoned sales juggernaut. A 16.1 per cent world-wide sales crash in Q1 to 16.35 million units saw iPad market share plummet to 32.2 per cent from 46.4 …
Paul Kunert, 09 May 2014
The Register breaking news

Nokia's Q4 'beat expectations' despite ongoing sales slump

Nokia announced preliminary financial results for its fourth quarter of 2012 on Thursday, claiming that its smartphone business had "exceeded expectations," despite the fact that overall sales are still trending downward. The struggling mobile maker said its Devices & Services division sold 86.3 million devices in the quarter, …
Neil McAllister, 11 Jan 2013
Ciscoblood

Chuck chucks Cisco's China C-suite

Incoming Borg boss Chuck Robbins has sliced a bunch of executives from Cisco's operations in China, in a response to the territory's ongoing weak performance. The move is also in line with Robbins' stated desire to flatten out the Borg's burgeoning bureaucracy. First Rob Lloyd and Gary Moore were given pink-slips, and later, Wim …

Ereader sales to slump as punters snap up cheap slabs – report

The ereader market is heading towards a slump in 2012 as users increasingly consume digital content on their tablets, according to new research from Taiwanese IT news site Digitimes. The report found that overall, global shipments of ereaders stood at 22.82 million units in 2011, a year-on-year increase of 107 per cent. It added …
Phil Muncaster, 06 Mar 2012
Scrooge McDuck

While AMD, Apple et al thrash around, chippery fat-cat TSMC is grinning all the way to the bank

Chip-baking industry heavyweight Taiwan Semiconductor Manufacturing Company (TSMC) emerged from another quarter of gangbusters year-on-year growth on Thursday, even as it reported flat revenue from the previous sequential quarter and it warned that the next quarter might be somewhat less spectacular. The firm – which fabs chips …
Neil McAllister, 17 Apr 2015
Stanley Kubrick's The Shining

Yahoo! reverses! reversal! FLIPS! profit! into! loss!

Yahoo! has reported a $22m loss for its second quarter, as CEO Marissa Mayer tries to buy market share off Google and Facebook. For the same period last year, the ad business booked a $270m profit, so the quarter represents a slump of nearly $300m. The loss, which Reuters briefly described as a “lower-than-expected profit” …
The Register breaking news

Mobile phone sales slump bites Nokia

Nokia may have plunged down the chart of best-selling smartphone makers, but at least it can console itself with the knowledge that it’s still up toward the top of the broader mobile phone supplier table. ‘Toward the top’ but not ‘at the top’, of course. According to market watcher Gartner, Nokia is merely the world’s second …
Tony Smith, 14 Nov 2012
The_Tomb_of_the_Diver_Paestum_Italy

QLogic issues mournful prognosto ahead of next numbers

QLogic expects a significant shortfall in its latest quarter’s results compared to expectations set a couple of months ago and has issued preliminary numbers to warn the financial markets. The expectation was for $124 million to $132 million revenues. Instead the prelim number is $113 million, well down, and comparing poorly …
Chris Mellor, 10 Jul 2015
Kim Jong-un

HTC profits slump but Kim Jong Un's a fan

Taiwanese smartphone maker HTC's profits slumped 91 per cent in the last quarter, but the firm received an unlikely endorsement after North Korean leader Kim Jong Un was apparently seen using one of its devices. The company has spent most of 2012 fighting arch rival Apple in court and trying to streamline its operations. Its …
Phil Muncaster, 05 Feb 2013

Wall St wolves tear chunk off Microsoft: There goes $30bn!

The morning after Microsoft published its second quarter figures, its share price tumbled 10 per cent as markets opened in New York – wiping $30bn off its value. Never mind the 3D goggles announced a few days before: a brace of Wall St analysts have cut their estimates and ratings for the software giant. The Street has talked …
Gavin Clarke, 27 Jan 2015
MICA aurora borealis probe small1

What's that coming over the Dot Hill, is it is a monster? Is it a sales monster?

SAN maker Dot Hill is lifting its revenue forecast for the quarter. Why’s that interesting? Because it confirms Dot Hill is climbing out of a deep ditch where it has spent the past four years hiding, and that the previous quarter’s sales increase wasn’t a one-off stunt. Summer really has arrived for Dot Hill. For the first …
Chris Mellor, 16 Apr 2015

PC market facing worst-ever slump in 2013

Analyst house IDC has revealed its latest predictions of the PC industry, and the results aren't pretty: shipments of desktop systems are expected to fall by 7.8 per cent this year, the biggest decline in the platform's history. Laptops aren't immune, either. IDC predicts that tablets will outsell laptops this year, and that by …
Iain Thomson, 28 May 2013
The Register breaking news

Brit web firms tweet way out of slump

Tweeting and faffing with Facebook are helping British internet businesses avoid the economic slump, according to a survey by Sage Pay. Brit web stores grew an average 49 per cent in the past 12 months, and three-quarters of them reported using social media to drive sales, according to the poll's findings. Sage Pay, a payment- …
Anna Leach, 27 Sep 2011
The Register breaking news

ITV scoffs at ad slump as production arm hauls in cash

ITV has reported a revenues 11 per cent higher, and profits 15 per cent higher than a year ago, before accounting for exceptional items and tax. Revenues topped £1.28bn and pre-tax profits were £235m. The commercial broadcaster's primary revenue source – advertising – is weaker than a year ago, with spending flat this year. But …
Andrew Orlowski, 26 Jul 2012
The Register breaking news

Bitcoin slump follows senators’ threats

As any investment adviser will tell you, it’s a bad idea to put all your eggs in one basket. And if Rick Falkvinge was telling the truth when he said all his savings were now in Bitcoin, he’s been taken down by a third in a day. Following last week’s call by US senators for an investigation into virtual crypto-currency Bitcoin, …
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months, …
Paul Kunert, 19 Jun 2015
The Register breaking news

World heading for massive jobs slump

The early signs of another jobs slump are already apparent, according to the International Labour Organisation (ILO). The body now estimates that employment in advanced economies won't return to levels seen before the global financial crisis until 2016. “We have reached the moment of truth. We have a brief window of opportunity …
The Register breaking news

Qualcomm bucks global chip biz slump - report

Phone chip-maker Qualcomm defied the semiconductor industry decline to show double-digit year-on-year growth at a time when almost all of its rivals saw their sales slide, and the market as a whole dipped. Or it will have done if a forecast made today by Gartner, a market watcher, proves correct. Gartner today said it expects …
Tony Smith, 17 Dec 2012
ZTE Logo

Iran blamed for ZTE's 260 PER CENT profit slump

Under-fire Chinese telecoms kit maker ZTE has warned it will report a loss of up to 1.75bn yuan (£174m) for the first nine months of the year, blaming a slowing global economy and the Iranian market, where US investigators are probing its activities. The Shenzhen-based firm’s preliminary financials for the first three quarters …
Phil Muncaster, 15 Oct 2012

Nvidia sales and profits rise despite PC slump

Graphics and ARM chip maker Nvidia is sailing smartly through the shrinking PC market, boosting both sales and profits – and doing so despite its transitions to Tegra4 and Tegra4i processors for smartphones, tablets, and other devices. In the first quarter of fiscal 2014 ended on April 28, Nvidia's overall sales rose by 3.2 per …

Tech disties: What the HELL happened to our sales growth in Q1?

Tech disties’ sales growth across Europe almost halved in Q1 as the XP migration factor ran out of steam, PC business dwindled and weaker demand for Apple slabs and IBM big iron came to bear. The quarterly figures – based on sales-out data from the suppliers – collated by Context’s SalesWatch tracker, indicate turnover from the …
Paul Kunert, 11 May 2015
money notes lifted up

Samsung snubs slump, slurps stunning smartmobe sales

Strong smartphone sales banked Samsung a $4.56bn profit in the three months to 30 June, according to its latest bean counting exercise. The South Korean giant posted a 48 per cent year-on-year rise in net income in preliminary results announced last night [PDF]. Despite the economic chill that has seen even Apple's growth hit …
Anna Leach, 27 Jul 2012
No Sale

Quantum not buying Dot Hill. Takes the OEM, master disti path instead

Contradicting rumours we heard that it was buying Dot Hill, storage biz Quantum, already a Dot Hill OEM, is taking on master channel distribution rights for the network array maker's products. Dot Hill manufactures storage systems for OEM customers such as Quantum and others, and has a focus on improving array performance with …
Chris Mellor, 14 Apr 2015

Syscap waves £50 million in CASH at UK tech channel

Finance provider Syscap has set its sights on wooing back the channel by waving at least £50m in cash at partners seeking funding. The firm began life as a channel finance provider, but has since moved into other sectors, such as legal businesses. It currently funds around £30m-£35m to 700 partners - some 10 per cent share of …
Kat Hall, 18 Nov 2014
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Brocade shakes up sales leaders after earnings slump

Brocade has printed out a whole bunch of new business cards for its sales and marketing department, just a week after releasing Q2 results that showed sales falling year on year. Regan McGrath has been named VP of global channels and marketing at the mission critical networking vendor. He was previously veep of sales for the …
Joe Fay, 24 May 2012

Ethernet sales slump punches Brocade in the wallet

Ethernet sales slumped a bit and caused Brocade's second 2012 quarter results to stumble. Its fiscal Q2 revenues were $543.4m, down 3 per cent sequentially and 1 per cent annually. Half a billion dollars plus revenue is nothing to sneeze at – startups would kill to be in this territory – but it's disappointing if you are Brocade …
Chris Mellor, 18 May 2012
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 …
Android 4.1 Jelly Bean

US data show slump in Apple tablet share

It’s no great surprise, perhaps, that Google’s Android is taking tablet share from Apple, but new figures suggest the rate of catch-up has accelerated this year. A 1000-odd user survey recently carried out the US statistics gatherer the Pew Research Centre and The Economist which focused on US tablet ownership during the three …
Tony Smith, 03 Oct 2012

Oracle UK boss ousted to channel after 'sales slump'

Oracle UK and Ireland boss Dave Callaghan has been switched out of his role amid claims that the Blighty wing missed its sales target by about ten per cent. In a straight job swap, Callaghan has been handed control of EMEA channels and Dermot O'Kelly has moved in the opposite direction to take the hot seat. The exchange happened …
Paul Kunert, 13 Jul 2012

What just went down on Intel for three months? Er, PC and mobile chips

Intel announced its earnings based on its new financial reporting structure for the first time on Tuesday, but despite having lumped its ailing Mobile & Communications unit in with its PC Client business, there was no hiding that the three months ended on March 28 were a tough quarter for Chipzilla. Total revenue for the first …
Neil McAllister, 14 Apr 2015
IBM CEO Ginni Rometty

Big Blue promises Big Bucks from Big Bets

IBM chief executive officer Virginia M. Rometty has released her annual Chairman's Letter and has told investors that IBM “knew we faced a critical year of transformation” in 2014 but has “made significant progress and built momentum” to get itself out of a nasty slump that has seen sales decline for eleven consecutive quarters …
Simon Sharwood, 10 Mar 2015

Big Blue weeps as another 8% slips off its storage scales

Comment When is Big Blue's storage slide going to end? IBM's latest quarterly and full year fiscal 2014 results show an unabated fall in storage hardware revenues, with an eight per cent annual decline to $864m in the fourth quarter of 2014. It's a huge number, but back in fiscal 2011 the same quarter recorded $1.2bn in storage hardware …
Chris Mellor, 22 Jan 2015
hands waving dollar bills in the air

Logica profits slump in 'much more difficult' 2011

Logica said its 2012 revenues could go up or down as it turned in full year 2011 figures that showed a massive drop in profits. The services giant reported full year consolidated revenues of £3.92bn for the year to December 31, up 6 per cent on the year. Consolidated pre-tax profits were £32.7m, a dramatic fall on the previous …
Joe Fay, 22 Feb 2012
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

Microsoft blames poor Windows sales on PC slump

Microsoft has released its quarterly results, and reports that Windows revenues are down 6 per cent when compared with the previous quarter. For the last three months, Microsoft not only saw its Windows division revenues fall 6 per cent, but its business division grew just three per cent despite strong sales of Lync, Exchange, …
Iain Thomson, 20 Jan 2012

Colt sales slide, profits turn to mush in shiny new cloudy world

A double-digit sales crash in the carrier voice division led top-line declines at Colt in 2014, as a series of one-off costs – including a major restructuring programme – downed profit. It was a “disappointing” outing for the London-listed operation, with turnover dropping 6.4 per cent to €1.49bn in the 12 months, the firm said …
Paul Kunert, 26 Feb 2015
Man wrinkles his eyes in an expression of pain, annoyance or dsicomfort

ULLtraDIMM dam plus inventory oops smacks SanDisk’s Q4 growth

+Comment The expansion of SanDisk’s business nearly stopped in its latest quarter, with revenue growth stalled and profits down as it lost a major customer, experienced troubles in its supply chain and the ULLtraDIMM injunction took hold. Just a temporary setback guys, nothing to see here, move along folks. The consumer and enterprise …
Chris Mellor, 22 Jan 2015
channel

Nvidia hit by GPU slump, too

Microprocessor and GPU maker Advanced Micro Devices said yesterday that its financial results had been whacked by an unexpected downturn in discrete graphics processor sales in the fourth quarter, and Nvidia now says it had the same problem. In a statement, Nvidia put the blame squarely on the disk shortage that has been caused …