Articles about Tax Profits

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ARM Holdings gives the thumbs-up, reports revenue and licensing uptick

Chip designer ARM has reported revenue and profit increases in Q1, with its shares trading up despite a moody FTSE 100 this morning. Q1 2016 saw a year-on-year dollar revenue rise for ARM at 14 per cent (22 per cent in £) when its results were posted today. Pre-tax profits of £137.5m are an increase of 14 per cent year-on-year …

Computacenter eyes investment plans for growing cash mountain

Computacenter's centre of gravity shifted eastwards in 2015, as the mega reseller’s German operation fired on all cylinders while its UK box-shifting business sputtered. At the same time, its CEO and chairman both seemed to suggested it could be looking even further afield as it ponders what to do with its enormous cash pile …
Joe Fay, 11 Mar 2016

TalkTalk admits losing £60m and 101,000 customers after THAT hack

TalkTalk has reported a loss of £60m related to its major hack in October, attributing the write-off to IT costs and shedding 101,000 customers during its third quarter. The biz said the costs of restoring its online capability and enhancing security are expected to total £40m-£45m. It also took a £15m hit "arising from Q3 …
Kat Hall, 02 Feb 2016
Profits down, image via Shutterstock

SAP profits dented despite cloud expansion

SAP has reported a drop in net profits for its most recent quarter and for 2015 despite an accelerating cloud business. Europe’s largest software firm saw net profit down two per cent to 1.2bn euro ($1.3bn) despite a growth in revenue of 16 per cent to 6.3bn ($6.8bn) euro. SAP was reporting for the period to December 31. As …
Gavin Clarke, 22 Jan 2016
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Booked that expensive holiday yet Mr Server Maker? Maybe just a day trip for now

The EMEA server market is on fire, but not in a good way – both shipments and factory revenues declined in Q2 amid the currency issue and uncertain business climate. Unit sales dropped 5.6 per cent year-on-year to 523,800 servers, and the money coughed for them dipped 2.3 per cent to $3.1bn, abacus fondlers at Gartner have …
Paul Kunert, 26 Aug 2015
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Lenovo CEO: We will axe 3,200 workers as our profits shrink to nowt

There’s no room for sentiment or emotion in business, as Lenovo showed today when it reported an 80 per cent crash in pre-tax profits and plans to axe 3,200 jobs across the group. Revenues for the three months ended 30 June grew three per cent, excluding the impact of for-ex conversions to $10.7bn – but the firm saw a 47 per …
Paul Kunert, 13 Aug 2015

Silicon-happy ARM engorges its profits by a third – so its shares dip

ARM posted bumper sales and profits for its second quarter results – yet shares at the Cambridge-based outfit were still dragged down by Apple's "disappointing" results. Revenues at the mobile processor design biz rose 22 per cent to £228.5m for its second quarter, while pre-tax profits increased 32 per cent to £123.9m, …
Kat Hall, 22 Jul 2015
Parachutists and cloud image via Shutterstock

Dancing in the fluffy white stuff ain't helping SAP's bottom line

Rampant cloud growth struggled to offset falling profits for SAP, Europe’s largest software company, during the firm’s second quarter. Post-tax profits tumbled 16 per cent to 469m euro ($508.2m) while total revenue increased by a fifth, to 4.9bn euro ($5.3bn) for SAP’s three months to June 30, 2015. Earnings per share fell 16 …
Gavin Clarke, 21 Jul 2015

Good for some: Greek meltdown swells Dixons Carphone's coffers

Dixons Carphone has made an auspicious start to corporate life together, judging by the first set of full-year preliminary results released today, helped by brisk trade in the UK and panic-buying in crisis-hit Greece. It seems the gods of retail are smiling on the company as it banked turnover of £9.9bn in the 13 months ended …
Paul Kunert, 16 Jul 2015

Sage boosts profit but that means NOTHING without the CLOUD

Sales rose 6.5 per cent to £699m during accounts-ware biz Sage's half-year results, despite the company's poor cloudy progress. Pre-tax profits increased 4.9 per cent to £173m, compared with the first half of its previous financial year. Stephen Kelly, chief executive officer, said the company is in the process of overhauling …
Kat Hall, 06 May 2015
Hungry goat licks lips. Pic: David Goehring

So how should we tax these BASTARD COMPANIES, then?

Worstall @ the Weekend To break with tradition: this week let's see if we can propose something sensible rather than doing our usual liverish snarling at whatever it is that grips my goat this week. So, let's see if we can work out how we should actually be taxing capital and the returns to it. This, of course, involves the taxation of corporations …
Tim Worstall, 26 Apr 2015
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ARM wrestles analysts' guesses to floor after slurping IP Kool-Aid

The first three months of 2015 have been good to ARM, which saw revenues of $348.2m and pre-tax profits of $120.5m in the first quarter, with 3.8 billion ARM-based chips shipped - or more than 450 chips per second. That’s an increase of 14 per cent on revenue and 24 per cent on profit – well ahead of what analysts predicted, …
Simon Rockman, 21 Apr 2015

Ingram Micro: Damn you Europe for our ghastly margins

Weaker margins in Europe due to forex losses and cut-throat retail pricing was the only major blip in an otherwise decent end to the calendar 2014 for Ingram Micro. It was not a vintage year though. Sales in Q4 bounced 18 per cent to $13.95bn: Technology and Other Solutions grew ten per cent to $11.2bn and Mobility shot up 60 …
Paul Kunert, 27 Feb 2015
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Deckchairs shifted aboard tech liner HP's services biz

An EMEA-wide overhaul dreamed up by HP execs to lift the fortunes of the Enterprise Services division — and cut out costs — will be implemented in time for the fiscal New Year starting next month. Under the new-look biz, ES has consolidated from nine sub-regions into four ‘super’ clusters including North (Benelux and Nordics), …
Paul Kunert, 16 Oct 2014
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Capita: We've spent £150m on acquisitions... SHOW US the MONEY

Serial acquirer Capita IT Services reported a low-single digit revenue jump for the first half of calendar 2014, but given the numerous acquisitions made this looks to be something of a commercial damp squib. The techie arm bulked up sales by just 2.7 per cent year-on-year to £235m in the period, not including the £60m worth of …
Paul Kunert, 23 Jul 2014
Google sign outside Mountain View headquarters

Activist investors try forcing Google to pay more taxes

A group of Google investors has called on the firm to stop "undermining democracy and the rule of law" and start paying as much tax as possible in the countries it operates in. The stockholders have put forward a proposal, to be voted on at the annual general meeting today, which would force Google to adopt a set of principles …
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Juniper Networks UK bigwig hotfoots it to Alternative Networks

Juniper UK and Ireland boss Mark Quartermaine is hot-footing it to one of the firm's biggest channel partners, Alternative Networks, where he will be COO from next month. The former IBM, C&W, BT Global Services and Azzurri exec initially joined LSE-listed Alternative as a non-exec director in January last year but his …
Paul Kunert, 24 Apr 2014
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Dixons Retail and Carphone Warehouse mull merger

Dixons and Carphone Warehouse (CPW) today confirmed they are locked in negotiations that may or may not lead to a merger. "These discussions are at a preliminary stage and there can be no certainty that a transaction will be forthcoming," the pair said in a joint statement this morning. As such, no decision has been made …
Paul Kunert, 24 Feb 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
Retro Space Invaders Couch

Do you really want tech companies to pay more tax?

World+dog is grumpy with Apple, Microsoft, Google and plenty of other multinational companies, because they do legal-but-tricky things to avoid paying tax. But you, dear readers, might have a good reason to let them all off the hook, because you probably own shares in at least one. There's a good chance you don't know about …
Simon Sharwood, 29 Jul 2013

Worldwide tax crackdown planned against tech globocorps

The G20 has backed an action plan from the OECD that would fundamentally rejig international rules on taxation. Major multinationals like Google, Apple and Amazon have excused their legal tax-dodging antics by shrugging their shoulders and telling governments that if they don't like it, they'll have to change the rules, and …

Apple dodged all UK corporation tax in 2012

Apple didn't pay any corporation tax in the UK last year, according to its latest filings in the country, adding to controversy at home about its imaginative tax planning. The fruity firm's main British subsidiaries Apple (UK), Apple Europe and Apple Retail UK reported pre-tax profits between them of £68m in the year to …
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Computacenter: We've so much cash we're GIVING AWAY MEELLIONS

One of Europe's largest resellers, London-based Computacenter, has helped investors get the Bank Holiday weekend off to a good start by confirming plans to return £75m to them. Computacenter said in a statement to the City that it is proposing a one-off "return of value" to shareholders of 48.7 pence per ordinary share. The £ …
Paul Kunert, 24 May 2013
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Bechtle's double digit sales, profit hike in UK? Satisfactory, says parent firm

A double digit hike in sales and profits at the Brit arm of reselling powerhouse Bechtle was merely described as "satisfactory" by its German owner. Coming in the middle of the steepest economic downturn ever, The Channel - suggests the parent firm is perhaps being a little too ruthlessly rational. Sales for calendar 2012 at …
Paul Kunert, 30 Apr 2013
Camputers' Lynx

The Lynx effect: The story of Camputers' mighty micro

Archaeologic Not all of the early 1980s British home computers were fated to be as successful as Sinclair’s ZX series or Acorn's BBC Micro. Many were destined instead to be loved solely by keen but small communities of owners. For all these users’ enthusiasm, there were too few of them to sustain the cost of developing, manufacturing, …
Tony Smith, 20 Mar 2013
Parliament House Canberra by Flickr user OzMark17 used under CC Share and Share alike licence

Australian Parliament issues summons to Apple, Microsoft, Adobe

The IT Pricing Inquiry being conducted by Australia's House Committee on Infrastructure and Communications has issued summons to Apple, Microsoft and Adobe. The inquiry kicked off in 2012 and is investigating why Australians pay more for hardware and software than those overseas. At current exchange rate one Australian dollar …
Simon Sharwood, 11 Feb 2013

Phoenix IT Group injects fresh blood, hopes to heal from accounting boo-boos

Troubled Northampton-based player Phoenix IT Services has quietly introduced new blood to the organisation. The IT services specialist recently posted numbers for the halfway (30 September) point in fiscal 2013, with sales diving £7m to £124m and operating profits falling to £9.9m from £14m (restated) in the previous year. This …
Paul Kunert, 11 Dec 2012
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Datel: Reseller growing faster than its vendor master Sage

Datel, Sage's largest channel partner in the UK, clearly isn't suffering similar growing pains to its vendor master after posting double digit growth for fiscal 2012. Sales saw an 18 per cent spike to £16.8m in the twelve months to 31 May and EBITDA rose 47 per cent to £1.67m. Pre-tax profits reached £1.14m from £588,000 a year …
Paul Kunert, 07 Dec 2012
The Register breaking news

Amazon makes BEELLIONS from British customers, pays pennies in tax

Amazon paid just £1.8m in corporation tax in the UK despite racking up a pre-tax profit of £74m on £3.35bn sales in 2011, according to figures the web giant wanted to keep secret. MPs probing the company's minuscule corporation tax bill demanded to see Amazon's profit numbers as well as its sales performance, and published the …

German dealer Bechtle planning Euro blitz

Lower than expected sales outside of its German homeland and rising staff costs were blamed by Bechtle's bosses for a double digit slide in profits. The reseller giant said sales edge up just one per cent to €502m (£401m) in calendar Q3 but profits before tax (PBT) fell 15.5 per cent to €18.7m (£15m). Domestic turnover grew 6.5 …
Paul Kunert, 13 Nov 2012
Northamber

Olympics may have been glorious, but they 'dampened IT trade'

The Olympics may have boosted the feelgood factor in London and across the wider country but it dampened trade in the IT channel - well, according to distributor Northamber anyway. The veteran UK distie made the claim today as it reported financials for the year to 30 June which revealed a return to pre-tax profits but a double …
Paul Kunert, 27 Sep 2012

Capita Group snaps up travel agent for biz types Expotel

Business process outsourcing group Capita, daddy to Capita IT Services, has slurped business travel booking agent Expotel Group for £16m. Capita grabbed Expotel, which handles UK hotel, business travel and conference booking, to snap onto its existing business travel operations and provide events management as well. Expotel …
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

Sage: Where's this double-dip disaster everyone's crying over?

Sage revealed the fragility of the Eurozone economy continues to give management sleepless nights as the recovery it touted didn't show up. Back home in Blighty, though, growth was described as good. The UK-based accounting software biz pushed up sales two per cent to £661.2m in the six months to 31 March. Pre-tax profits …
Paul Kunert, 16 Jul 2012
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Dixons Retail: A mirror held up to Europe

Dixons Retail's top and bottom lines slipped in fiscal 2012 ended 28 April, according to preliminary results. Group pre-tax profits fell to £70.8m, down from £85.3m in the previous financial year and sales dipped three per cent to £8.05bn, compared to £8.3bn in fiscal 2011. The total loss before tax narrowed to £118.8m from £ …
Paul Kunert, 21 Jun 2012
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Phoenix burns engineering and Northampton call centre jobs

Phoenix IT Group has told HQ-based call centre staff and a bunch of field engineers that their jobs are at risk of redundancy, insiders have told The Channel. The headcount reduction is part of a phased plan to chop 300 workers, and is understood to have led to some rationalisation in sales and marketing including the exit of …
Paul Kunert, 30 May 2012
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Phoenix restructure sends profits down in flames

Phoenix IT Group saw its wings decisively clipped over the last year, as a wide-ranging restructure battered profits and helped knock sales off-course in an already tough market. The services group insisted it was confident it will see revenue growth over the current year, but remained “cautious” about its likely performance in …
Joe Fay, 28 May 2012
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Kcom shrugs off revenue slip to boost profits

Comms services provider Kcom jacked up profits for its full year despite a slip in revenues, preliminary results released this morning show. The erstwhile local telco said this didn't distract from its ongoing refocusing, and it still intended to up its dividend this year. Kcom turned in total revenues of £387.3m for the year …
Joe Fay, 22 May 2012
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UK recession rattles Sage's cage as revenue growth flattens

The Sage Group is keeping close tabs on the UK economy amid fears of the "exposed risk of a renewed recession". The mid-market British accounting software maker hit out after posting first half revenues of £661.2m, up 2 per cent for the period ended 31 March excluding results of the disposed US healthcare biz. Sales included a …
Paul Kunert, 09 May 2012
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Capita poises axe over 1,000 staff - jobs headed to India

Exclusive Capita IT Services (CITS) has told 1,000 staff they are at risk of redundancy and plans to offshore roles to India. The cuts were announced to employees this morning on the same day that the Department for Education confirmed that CITS was among 18 companies selected for an £575m IT framework. Company insiders told The Reg that …
Paul Kunert, 30 Mar 2012
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Former fax salesman made head of Brother's UK ops

Brother has promoted former fax machine salesman Phil Jones to head of UK operations. Jones, who started at the company 18 years ago and was most recently sales and marketing director, replaces previous UK bigwig of more than four years Hiroshi Miura. As UK country head and deputy MD, Jones will report to Yuji Ishiguro, Brother …
Paul Kunert, 21 Mar 2012
The Register breaking news

Oz billionaire says CIA backs Greenpeace

Australian Mining Magnate Clive Palmer has declared the CIA is behind a Greenpeace campaign that aims to slow the growth of Australia's export coal industry. Palmer was recently declared a Living National Treasure, alongside Kylie Minogue among others. Like others in his industry he is also firmly opposed to two new Australian …
Simon Sharwood, 20 Mar 2012
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Computacenter's Euro ops outshine sluggish UK biz

Computacenter saw UK revenues slip in 2011, but strong growth in its European operations boosted revenues overall and underpin a bullish forecast for 2012. The mega reseller and services firm’s German, French and Belgian operations now account for just under half its adjusted operating profit, emphasising its success on the …
Joe Fay, 13 Mar 2012
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Crapita ITS stomps pay rise hope, flushes 2012 bonuses

Cost-cutting Capita IT Services (ITS) has warned staff that bonuses will once again be shelved and salaries frozen in 2012. The integrator called for voluntary redundancies before Christmas and kicked off austerity measures including a review of travel and subsistence across ITS and procurement of systems and services. In an …
Paul Kunert, 09 Mar 2012
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Software and services firm K3 reports descent in profits

Mid-range ERP house K3 saw profits dip in the six months to December as it hoovered up a host of smaller rivals. The software and services seller, which is in currently touting itself around the market, turned in revenues of £33.4m for the first half of its financial year, a 35.2 per cent jump on the previous year. Pre-tax …
Joe Fay, 06 Mar 2012
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Capita gets fat slower as government slims down

The government's austerity program has meant tightened belts at Capita, with the services giant citing reduced public sector revenues as a key reason for subdued revenue growth and a slight dip in pre-tax profits in 2011. However, the firm said it had succeeded in grabbing new business and it was again seeing organic growth from …
Joe Fay, 23 Feb 2012
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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
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Sage warns of bumpy ride ahead

Unstoppable accountancy software juggernaut Sage kept its foot on the gas in fiscal 2011 to record decent top- and bottom-line gains but warned of some danger signs on the road ahead. The firm made £331m pre-tax profits, up 11 per cent on sales of £1.33bn, a rise of 4 per cent for the year ended 30 September. In Europe sales …
Paul Kunert, 30 Nov 2011
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C&W Worldwide boss out after 4 months

Cable & Wireless Worldwide is swapping boss John Pluthero with Vodafone exec Gavin Darby after exceptional charges pushed the firm into the red for the first half of 2011. The move comes less than five months after former chairman Pluthero replaced Jim Marsh in the CEO chair in June following the third profit warning in the …
Paul Kunert, 15 Nov 2011
The Register breaking news

BT profits climb on brisk broadband sales

BT reported second quarter sales of £4.89bn, a 2 per cent drop, while pre-tax profits rose 15 per cent to £570m for the period ended 31 September. Earnings per share rose from 5.1 pence to 5.6 pence and earnings before interest, taxes, depreciation and amortisation were up 3 per cent at BT, with the company reporting £1.49bn …
Kelly Fiveash, 03 Nov 2011