Articles about Third Quarter Results

Storm

Microsoft's Azure and Office 365 growth slows

Analysis Microsoft has reiterated its belief in a mythical annual income of $20bn from cloud despite growth in Azure and its apps-as-a-service business slowing. Chief executive Satya Nadella Thursday reiterated the existing belief Microsoft will hit £20bn “run rate” in cloud business for fiscal 2018. That’s the fiscal year after …
Gavin Clarke, 22 Apr 2016

NetApp to chop 1,450 staffers from payroll, reveals revenue stumble

NetApp earned profits of $153m in its latest quarter, good, but revenues of only $1.39bn, bad; its mid-point estimate a quarter ago was $1.45bn, making it quite an undershoot. The $1.39bn in its third fiscal 2016 quarter, ended January 29, compares to $1,54bn a year ago, a 9.7 per cent fall, and $1.45bn in its second 2016 …
Chris Mellor, 18 Feb 2016
Mangstor NX6320

Here's to Hu: QLogic beats expectations as it waits for new CEO

Storage connectivity card and ASIC supplier QLogic had a much better third quarter than expected as interim CEO, also chief financial officer, Jean Hu delivered higher revenues and a profits recovery. The revenue number was $122.7m, 18.6 per cent more than the previous quarter, and higher than the guidance issued for the …
Chris Mellor, 01 Feb 2016
Crystal ball via http://www.manoftaste.de/

IBM has visions of a cloudy future ... so buys Clearleap

IBM has slurped up video services company Clearleap for an undisclosed pile of cash, part of Big Blue's ongoing moves to reinvent itself as a cloudy player. Clearleap will be integrated into the IBM Cloud platform, said the tech giant. According to IBM, Clearleap's video platform allows customers to support millions of …
Kat Hall, 09 Dec 2015

Imation results drenched in red as exiting consumer biz cuts deep

+Comment Global data storage company Imation is on the accountant's operating table and diseased flesh is being slowly cut away. Its third quarter results are dominated by red ink, with a $152m loss, 148 per cent worse (yes, worse) than a year ago. Revenues for the quarter were $129.2m, 26.2 per cent less than the year-ago quarter’s $ …
Chris Mellor, 09 Nov 2015
Watson Power7 cluster. Pic: IBM

IBM splashing $2bn on Weather Company – reports

Big Blue is reported to be further beefing up its Watson division by splashing $2bn (£1.3bn) snapping up the digital arm of the Weather Company, a US-based organisation that runs the Weather Channel and a digital company providing mobile apps. Both the Wall Street Journal and the Financial Times reported that people familiar …
Kat Hall, 28 Oct 2015

Migraine in the mainframe: Unisys reports more losses

Mainframe maker Unisys posted yet more disappointing results for, recording a net loss of $9.6m (£6m) for its third quarter results. Revenue was $739m (£477m), down 16 per cent on last year. Anthony Miller, analyst at TechMarketView, noted the firm's hardware revenue halved and services revenues declined by 8 per cent. " …
Kat Hall, 22 Oct 2015

Intel inks $8bn debt deal, preps for Altera buy

Intel has bumped up its debt levels by $8bn (£5.2bn) to $20bn (£16bn), ahead of its $16.7bn (£10.4bn) gobble of data centre chip outfit Altera. The Chipzilla admitted to taking on huge debt levels during its third-quarter results conference call. During the three-month period it generated revenues of $14.5bn (£9.4bn) and a …
Kat Hall, 15 Oct 2015

EMC traditional storage decline accelerating

Revenues for EMC’s traditional storage products are declining faster and faster as enterprises prefer converged/hyper-converged and cloud alternatives. Analysis of EMC’s preliminary third quarter results by Stifel MD Aaron Rakers shows accelerating year-on-year declines in EMC’s traditional storage products, including VMAX, …
Chris Mellor, 15 Oct 2015
Champagne_bottles

Freshly slurped EMC's financials will be flat with no fizz

At the same time as it was being swallowed by Dell, EMC pre-announced its third quarter results, revealing virtually no growth in revenues from a year ago. The company expects Q3 revenues to be between $6.05bn and $6.08bn. At the mid-point, that is 0.5 per cent higher than a year ago and 1 per cent more than the second quarter …
Chris Mellor, 13 Oct 2015

Dear diary. Gotta axe 15% of staff, it's like I'm cracking up – Qualcomm

Mobile chipmaker Qualcomm says it's putting its business under the microscope with an eye to restructuring after posting lackluster third-quarter results, including revenue that missed estimates. "We are making fundamental changes to position Qualcomm for improved execution, financial and operating performance," Qualcomm CEO …
Neil McAllister, 22 Jul 2015
Railway line split. Pic: Ian Sane

Qualcomm gazes at its navel while stroking the surgeon's saw

Qualcomm is pondering a breakup as it embarks on a major corporate soul-searching exercise prompted by activist investors, according to reports. The firm may announce the strategic review when it reports fiscal third-quarter results on Wednesday, sources told The Wall Street Journal. It follows reports in April that activist …
Kat Hall, 21 Jul 2015
4 arrows signs in arrow on wooden wall

Seagate bleeding sales as PC downturn starts to hit hard

Just like QLogic, Seagate sales figures have taken a dive along with the PC sales downturn, and it's had to issue preliminary results to warn the market. For its fourth fiscal 2015 quarter, instead of the expected $3.2-$3.3bn, it thinks it will make just $2.9bn. It expects to report unit shipments of approximately 45 million …
Chris Mellor, 13 Jul 2015

Seagate's third quarter results looking lacklustre as profits tumble

Seagate has reported year-on-year declines in third-quarter revenue and profit, as notebook enhancements went unnoticed. Third fiscal 2015 quarter revenues were $3.3bn, 3 per cent down on the $3.4bn recorded a year ago and 11 per cent lower than the second full-year 2015 quarter's $3.7bn. Profits were $291m, 26 per cent down on …
Chris Mellor, 20 Apr 2015

ONTAP isn't putting NetApp ONTOP

Opinion NetApp's third quarter results were poor but NetApp revenues have been flat or falling for a couple of years now. Management doesn't seem to view this as a deep-set problem requiring deep-set answers. In the earnings webcast, NetApp's management said the Q3 revenue fall was due to foreign exchange (FX) and sales execution …
Chris Mellor, 12 Feb 2015
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Fujitsu slapped down in Land of the FALLING YEN

Revenue dropped 2.4 per cent at Japanese IT giant Fujitsu to ¥1,171.5bn (£6.6bn, $9.9bn) in the firm's third-quarter results, when compared with the same period last year, although a fall in the yen propped up non-domestic revenue levels. Sales in Japan took the biggest hit, falling 8.6 per cent due to a decline in shipments of …
Kat Hall, 30 Jan 2015
IBM PC 5150

IBM bags multi-billion dollar outsourcing deal with ABN AMRO

IBM has bagged a multi-billion dollar 10-year deal with Dutch bank ABN AMRO, the second major European outsourcing win for the company in the last month. The deal is likely to bring cheer to Big Blue, following its recent "disappointing" third-quarter results. The deal includes a private IBM cloud, mobile computing, managed …
Kat Hall, 01 Dec 2014

Yahoo! buys vid-pusher BrightRoll for $640m

Yahoo! has bought video advertising service BrightRoll for $640m in a bid to become the "biggest video advertising platform" in the US. The transaction will combine Yahoo!'s desktop and mobile video advertising to "bring substantial value to advertisers on both platforms", apparently. This year, BrightRoll estimates revenues …
Kat Hall, 12 Nov 2014
Angry woman on mobile

Mobile giants: 4G is so yesterday. Better IT can kickstart revenue growth

Just as operators struggle to make direct profit improvements from LTE, so the vendors have long given up on 4G upgrades being the solution to all their problems. LTE is the most significant factor in driving revenue growth for the big five infrastructure suppliers, for sure, but the margins and differentiation in the equipment …
Wireless Watch, 07 Nov 2014

Alca-Lu stems bleeding, squeezes costs

Alcatel-Lucent is slowly stemming the flow of blood, with IP routing its stand-out performer in the company's most recent quarterly results. In a set of often-depressing sales numbers, the company's IP routing revenues rose 2.2 per cent compared to the third quarter of 2013, the company said. That, however, wasn't enough to …
Cat on computer

Apple dealer CANCOM: We're RAKING IT IN

Apple dealer CANCOM has announced whopping third-quarter results, way in excess of the same period last year, citing that old favourite "solid business demand". The German firm has reported raking in €208.4m worth of sales revenue in the last quarter, compared with €142.3m during the same period in 2013. This all works out to …
Team Register, 30 Oct 2014
Facebook WhatsApp

Facebook shares flutter as firm reports user growth slowing

Facebook's shares dropped 10 percent on the news that it is planning to spend more on roughly the same number of users next year. However, after hours trading pulled the social media monster's price back up to around $80 per share following the third-quarter results announcements. CFO Dave Wehner said the company was planning …
Kieren McCarthy, 28 Oct 2014

Activist investors force Riverbed into climbdown over cash 'n' costs

Comment Another one bites the dust as activist investor Elliott Management forces networking biz Riverbed into a strategic review of its options. Despite announcing good second and third quarter results with increasing revenues and profits, Riverbed has had to bow to activist investors' concerns about shareholder value by initiating a …
Chris Mellor, 24 Oct 2014

Violin: Don't weep for Tier 1 storage... it'll soon be flashtastic

Comment Flash will replace all enterprise tier 1 storage, and shared arrays will prevail over server-side SANs, while network latency remains a solvable computer science problem, argues Violin Memory CEO Kevin DeNuccio. The market and technology shocks waves of cloud, virtualisation and flash are coming Violin's way, with the all- …
Chris Mellor, 20 Oct 2014
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

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
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 …
Chris Mellor, 07 Feb 2014
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

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

Interview 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, …
Gavin Clarke, 08 Jan 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
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 …
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

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
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

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

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

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

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 …

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, …

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

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

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
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. …

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 …
The Register breaking news

'Other land uses bring in more money than frankincense'

QuotW 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 …
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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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

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
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 …
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