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Articles about Third Quarter Results

CommVault profits

CommVault: Data-sifting cloudy archive shifter ... and now revenues lifter

CommVault's revenues are growing nicely, and so are its profits, but the rate of growth has slowed somewhat. The company supplies the popular Simpana backup, archive and data management software product. For its third quarter, which finished on 31 December, revenues amounted to $153.3m, a rise of 23 per cent from a year ago and …
Chris Mellor, 07 Feb 2014
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Intel reports first $11bn-plus quarter

Less than two months after Intel lowered Wall Street expectations for its third-quarter, it released said financial info — and the news ain't too shabby: Chipzilla exceeded $11bn in revenues for the first time in its history. "Intel's third-quarter results set all-time records for revenue and operating income," Intel president …
Rik Myslewski, 12 Oct 2010
Job cuts jpeg

Juniper ELIMINATES 300 jobs, braces wallet for US gov shutdown blow

Jittery Juniper Networks is axing hundreds of workers amid concerns the US government shutdown could hamper its stateside federal business. The cuts were confirmed during a conference call with analysts last night to discuss the firm's third-quarter results. Juniper also revealed sales had risen to $1.185bn, up three per cent …
Paul Kunert, 23 Oct 2013

NetSuite's Nelson mocks SAP for halting work on its, er, 'NetSuite-killer'

NetSuite has slapped down business software rival SAP for abandoning mid-market customers hungry for Software as a Service (SaaS). Zach Nelson, NetSuite chief executive, said SAP’s decision to stop developing its Business ByDesign service proved the danger of relying on a “last generation provider” like SAP for cloud services …
Gavin Clarke, 25 Oct 2013
Barnes & Noble Nook Simple Touch with Glowlight

Didn't get a Nook for Xmas? That's OK, hardly anyone else did, either

The fortunes of Barnes & Noble's Nook division have gone from bad to worse, with the ebook group reporting plummeting revenues over the holiday period. The bookseller said on Thursday that the Nook unit's sales for the nine weeks ending December 28 were down 60.5 per cent from the same period a year ago. Newly minted Barnes & …
Neil McAllister, 09 Jan 2014

NetApp to 'realign', cut 600 jobs worldwide

NetApp has announced it will cut 600 jobs around the world, as part of a plan to adopt “... a business realignment plan designed to focus its resources on key strategic initiatives and streamline its business in light of the constrained IT spending environment.” The company announced the plan today in a form 8-K filed with the …
Simon Sharwood, 13 Mar 2014

Yahoo! balance! sheet! bulked! by! Alibaba!

Yahoo! has released its third-quarter results, and the numbers aren't pretty. The purple palace managed to drag $US1.14bn through the door, but that's five per cent less than the figure for 2012's third quarter. Earnings before interest, taxes, depreciation and amortization were $331 million, a 19 per cent drop compared the Q3 …
Simon Sharwood, 16 Oct 2013
WD WD TV Live

Growth, what's that? Storage firms tighten belts as revenues flatline

It’s results round-up day at the Register, with LSI, Mellanox, QLogic, Symantec and WD all filing their quarterly results. Here we go on a numbers blitz: Western Digital reported first fiscal 2014 quarterly revenues of $3.8bn and profits (net income) of $495m from making 62.6 million disk drives with an average selling price of …
Chris Mellor, 28 Oct 2013
Claw hammer

6TB - big? Pah! Seagate plans to put out 8TB and 10TB MONSTERS

We got all excited about Seagate's latest 6TB drive but, really, we haven't seen anything yet. It has been revealed that the spinning rust company is anticipating 8TB and 10TB drives later this year. This info came out in the company's third quarter results earnings call, where chairman, president and CEO Steve Luczo was talking …
Chris Mellor, 30 Apr 2014

Yahoo! co-founder Jerry Yang joins board of Oracle rival Workday

Yahoo! co-founder Jerry Yang is taking a hand in the affairs of fast-growing Oracle and SAP competitor Workday. Workday announced on Monday that Yang had joined its board, where he’ll lend his experience helping build its Enterprise Resource Planning (ERP) service. The company is banking on Yang’s experience in building …
Gavin Clarke, 26 Nov 2013

Indirect proposition: Inside IBM UK software supremo's profit plan

IBM’s Stephen Smith shrugs off our suggestion there’s more pressure on him now than ever before. And no wonder: he is a man with a profit-generating plan. Smith is the UK and Ireland head of IBM’s Software Group – a unit that’s home to some of the biggest names in software, never mind the Big Blue brand itself. As a whole, the …
Gavin Clarke, 08 Jan 2014

Intel inches above Wall Street's earnings expectations

On the day that the Dow notched its first triple-digit gain in over a month, Intel joined the party – well, in a minor way, to be sure – by beating Wall Street's lowered expectations for its most-recent quarter. The company reported quarterly revenue of $13.5bn, net income of $3bn, and earnings per share of 58¢. While those …
Rik Myslewski, 16 Oct 2012

Mellanox trips on faulty InfiniBand cables in Q4

InfiniBand and Ethernet switch and adapter maker Mellanox Technologies said after the market closed on Wednesday that the company was not going to make its revenue targets for the fourth quarter and full 2012 year – in part because of the jittery economy but mostly because of a bug in InfiniBand cables. In a statement, Mellanox …
Rotten apple

Rogue trader gets 2½ years for BILLION-dollar Apple share plot

A rogue trader has been sentenced to 30 months in prison for his scheme to profit from an unauthorised purchase of a billion dollars of Apple stock. The doomed plan – which eventually led to David Miller's employers being forced to put their biz up for a merger or fresh investment – was to buy millions of Apple shares on 25 …

SAP cuts back on development of Business ByDesign software unit

SAP is halting development of its unwanted Business ByDesign hosted enterprise resource planning (ERP) service and swapping to services running on its HANA systems. The ERP giant has confirmed reports that Business ByDesign will no longer receive any more major feature updates and that it’s now slipping into maintenance and bug- …
Gavin Clarke, 22 Oct 2013

Apple's new non-feline Mac operating system, OS X Mavericks, ready to go

Apple has released the Golden Master (GM) verion of its upcoming OS X 10.9, aka Mavericks, to its developers, along with the GM version 5.0.1 of its integrated development environment (IDE), Xcode. Screen shot from Apple's Developer website announcing that the Golden Master of OS X 10.9, aka Mavericks, is now available OS X …
Rik Myslewski, 04 Oct 2013

Embattled Xyratex prepares poison pill: You'll never take me alive!

Xyratex, the OEM supplier of disk drive arrays that has been facing troubled times for while now, has erected a poison pill defence and is paying dividends to keep its shareholders happy as it moves into HPC array building. The company, which sells disk drive arrays on the OEM market, has moved into the high-performance …
Chris Mellor, 19 Dec 2012
The Register breaking news

CSC confirms $1.5bn NHS IT write-off

CSC has confirmed it is to write off almost $1.5bn as a result of its involvement in the National Programme for IT (NPfIT). In December 2011 the company, which had been contracted to supply electronic patient records systems to a number of NHS trusts, warned shareholders it may lose an amount equal to, or in excess of, its $1. …
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Tech Data battens down hatches for miserable Xmas

Tech Data is cutting costs to reflect the leaner economic climate and in anticipation of modest single digit sales growth over the Christmas quarter. The distie giant today reported a seven per cent sales climb to $6.6bn (£4.2bn) for the third quarter ended 31 October, helped by a currency tailwind and a 10.6 per cent profit …
Paul Kunert, 21 Nov 2011
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Samsung has bloody good quarter

Samsung has reported a 16 per cent increase in profits for the third quarter of 2006 compared with the same period in 2005. The Korean electronics giant posted net profit of 2.19 trillion won (€1.83bn) for the three months ending 30 September. This is far higher than analysts' expectations of a net profit of 1.89 trillion won …
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Dell knocks back Q3 results as SEC probe turns formal

Dell today delivered a last minute disappointment to investors by delaying the release of its third quarter financial results. The delay comes as Dell tries to deal with an ongoing SEC (Securities and Exchange Commission) investigation into the company's financial reporting. In a statement, Dell revealed that the SEC has …
Ashlee Vance, 16 Nov 2006
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
Apple

Mac and iPod save Apple's quarter

June's headlines may have belonged to the iPhone but Apple's third-quarter results served as a handy reminder it's the record-breaking Mac and unstoppable iPod that are driving business. Apple said Wednesday it sold 270,000 iPhones during the 30 remaining hours of its June quarter when the iPhone shipped, with 146,000 iPhones …
Gavin Clarke, 25 Jul 2007

Analysts: Samsung will show us the MONEY on Friday

Samsung will be announcing a healthy profit in its quarterly results, according to market-watchers, who reckon the Korean electronics giant has powered through the period with strong smartphone sales. The company, which is constantly jockeying with Apple for the title of top mobe-maker, has seen its star rise somewhat …
fingers pointing at man

Samsung making over half its cash from its mobes

Samsung won't be leaving the mobe sector in a hurry, as it's now making more than half its money on smartphones, according to its third quarter results. If Apple was hoping the ongoing patent litigation could help push the Korean chaebol out of the market, it can think again, since Samsung is extremely unlikely to turn its back …
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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

eBay's non-Skype profits climb 16%

eBay's third-quarter revenues climbed 10 per cent over the same quarter last year, if you exclude revenues from the failed VoIP experiment with Skype, while non-Skype, non-GAAP profits rose 16 per cent. With net earnings per share topping out at 40 cents, eBay beat the expectations of the Wall Street guessmen, and it gave much …
Cade Metz, 20 Oct 2010
The Register breaking news

Intel Q3 results disappoint, outlook cloudy

Intel's third quarter results, released on Tuesday, showed profits significantly higher than the previous year, but short of analysts' expectations. The world's largest chipmaker earned $686m, or $0.10 a share, in the third quarter, compared with a profit of $106m, or $0.02 a share, in the same period last year. Though higher, …
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AMD CEO Dirk Meyer resigns

Mere days after AMD's "Fusion era" began, the Dirk Meyer era ended. The company's president and CEO resigned Monday afternoon, effective immediately. "Dirk became CEO during difficult times. He successfully stabilized AMD while simultaneously concluding strategic initiatives including the launch of Global Foundries, the …
Rik Myslewski, 10 Jan 2011
The Register breaking news

Novell results are outstandingly mediocre

Novell has posted third quarter results which the current industry buzz about Web services software has yet to translate into a boost in sales for the networking software and services firm. Third quarter revenues for Novell came in at $247 million which resulted in a net loss of $19.3 million, once a $30.4 million restructuring …
John Leyden, 24 Aug 2001

Oracle and SAP are Big Software, but for how long?

When Oracle announced disappointing third-quarter results in March 2013, executives at the company were quick to blame poor sales execution for a two per cent decline in new software licences and cloud software subscriptions. It wasn't a symptom, they insisted, of underlying problems with the company’s product portfolio - or …
The Register breaking news

Facebook's stock rally may be shortlived: Small advertisers enraged

Facebook users are complaining that Facebook has intentionally downgraded services for owners of Pages on its social network platform because it wants them to pay for the reach they used to receive for free. In what users have called a "bait-and-switch" scheme, Page owners - from small shops to blogs to brands – have reported …
Anna Leach, 25 Oct 2012
The Register breaking news

Netflix raises $400m to steady its global expansion

Video rental firm Netflix, soon to be hitting the UK shores, has raised $400m in fresh capital from long-time investors to try to boost the firm after a tough few months. The US company has dropped nearly 75 per cent of its market value since July, when it announced an ill-fated plan to split its DVD and streaming services and …
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Lumbering STEC struggles to turn corner

STEC shares sank like a stone after it predicted a depressed outlook in its quarterly report. It never really recovered from last year's EMC over-purchase fiasco, and has suffered from over-priced product and missing PCIe flash. The Wall Street Journal had STEC stock down 36 per cent in after-hours trading, touching $10.68. Ouch …
Chris Mellor, 29 Jul 2011
cloud

Cisco refuses to deny it will sell off Linksys

Cisco is understood to be planning to sell off its consumer router Linksys business. The company has declined to squash the rumour. According to people familiar with the situation, the network giant is mulling over letting go of its WebEx brand, too. The moves could come as soon as next week. A Cisco spokesman told The Register …
Kelly Fiveash, 18 May 2011
The Register breaking news

eBay halts nine months of revenue shrinkage

eBay's revenues are on the rise again, thanks to the continued growth of its PayPal and Skype operations. But in the third quarter, the online tat house saw profits plummet nearly 30 per cent. The news sent its share price tumbling more than five per cent in after hours trading on Wednesday. In the quarter ending September 30, …
Cade Metz, 21 Oct 2009

Massive Chinese set-top box orders favour locals

The magnitude of China Telecom‘s set top plans – with 3.6 million set tops being ordered in a variety of programs – shows how Chinese companies are likely to dominate the set top industry in the coming years and months. The tender for this round of 2012 devices is just complete and will only take the giant operator through to …
Faultline, 13 Nov 2011
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Big Blue bucks the downturn

IBM gave investors something to cheer about today - Big Blue will not be nationalised any time soon. The company pre-announced a summary of its third quarter results, which show it has hit targets for the period, and fully expects to continue to do so. Earnings per share were $2.08 compared to $1.68 for the third quarter of …
John Oates, 09 Oct 2008
server room

SGI previews Q4 financials

Supercomputer maker Silicon Graphics is implementing a new revenue-accounting method in the fourth quarter, and the changes to the way it keeps its books have forced it to push out its financial results for two more weeks. SGI had been expected to report its numbers after Wall Street closed Tuesday. Despite pushing out the …
Novell

Novell recovery continues

Novell increased its estimates for full year revenue yesterday to between $940 and $980m, and said margins for the year were also improving. Reporting third quarter results, Novell said it brought in revenues of $245m, compared to $237m for the third quarter of 2007. Income from operations was $1m compared to a loss of $10m for …
John Oates, 29 Aug 2008
The Register breaking news

Palm: revenues up, expectations down

Despite a surge in sales, Palm CFO Doug Jeffries predicts that the smartphone maker's immediate future won't be a happy one. These revelations came today in a conference call with analysts and reporters as Palm announced its third-quarter results for fiscal year 2010. Wall Street immediately spanked the company's stock in after- …
Rik Myslewski, 18 Mar 2010
The Register breaking news

Yahoo! profits! soar! on! falling! revenues!

Google says the worst of the economic meltdown is behind us. But Yahoo!'s take on the matter is a bit more guarded. After its revenues took another dip during the third quarter, dropping 12 per cent year-on-year, the best Carol Bartz and company can say is that the economy is "loosening-up a bit." Controlling more than 60 per …
Cade Metz, 20 Oct 2009
hands waving dollar bills in the air

Xerox waves job axe at 3,000 staff

Printing giant Xerox Corp looks set to cull its worldwide workforce by five per cent. Xerox will axe about 3,000 jobs over the next six months to save $200m. Yesterday the company lowered its forecast for the next quarter amid what CEO Anne Mulcahy described as a “tough business environment”. The firm disappointed Wall Street …
Kelly Fiveash, 24 Oct 2008
The Register breaking news

'Other land uses bring in more money than frankincense'

This was the week when the rumours about potential suitors for Research in Motion started as the firm's fortunes continued to flag. Various industry whispers put Amazon, Microsoft and Nokia in a partnership, HTC and Samsung in the hot seat for a possible BlackBerry-maker buy. Sony launched its new handheld console to the …
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Imation backpedals in Q3

Imation has issued preliminary third quarter figures badly affected by the financial market turmoil in September. For its third quarter ending September 30th (Q3 08), Imation expects to report revenues of $525m, the same as the year-ago quarter and $22m down from Q2 08. Excluding restructuring charges, it expects an operating …
Chris Mellor, 10 Oct 2008
For Sale sign detail

Logitech cuts jobs and dumps guidance

Logitech has withdrawn financial guidance for the year and will cut 15 per cent of salaried staff. The French Swiss mouse firm said December sales had been bad all round, and it expected things to get worse in what it believes will be an extended downturn. Gerald Quindlen, Logitech's president and CEO, said: “During the …
John Oates, 06 Jan 2009
The Register breaking news

Nokia tries to smile as profits slump

Nokia's third quarter results show the company feeling the credit crunch and losing ground to competitors with cheaper handsets, but still chipper about the future. Overall revenues in the quarter were €12.2bn, down 5 per cent on the year, or 1 per cent in constant currency. Operating profits came in at €1.5bn 21 per cent less …
Bill Ray, 16 Oct 2008
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DARPA cuts back on Cray super project

As the market was getting ready to open this morning Cray told Wall Street that the US Defense Advanced Research Projects Agency, which funds all kinds of advanced systems and networks, is scaling back its contract for a future petaflops-scale supercomputing system being designed by Cray under DARPA's High Productivity Computing …
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IBM wrings more profits out of declining Q3

IBM has not tried to defy the gravity of the economic meltdown, but rather has used it as a means to wring more profits out of its business, and in the third quarter Big Blue continued to expand its bottom line even as its top line continued to shrink. In the quarter ended in September, IBM posted revenue of $23.6bn, down 6.9 …
The Register breaking news

Global PC market growing

Growth in the worldwide PC market has increased by 9.1 per cent in the third quarter of 2006 despite stagnant growth in the US. The latest figures from tech sector market intelligence firm IDC show that in the US overall PC shipments remained unchanged year-on-year for the third quarter of 2006, compared to more than five per …
Aoife Carr, 21 Dec 2006