Articles about financial

The drinks are on Juniper: Revenue and profits up in Q2 2017

Juniper Networks has turned in a solid second quarter, reporting growth in revenue and profitability. Today the company reported revenue of US$1.3bn (all figures here are GAAP), and net income of $179.8m, better than Q2 2016 by a more-than-handy 28 percent. Switching was the company's engine room for Q2, piling on 32 per cent …

SWIFT finally pushes two-factor auth in banks – it only took several multimillion-dollar thefts

The international financial network SWIFT has said it will "expand" its use of two-factor authentication when banks shift funds. The belated decision comes following a turbulent few weeks in which a series of multi-million dollar thefts carried out through the SWIFT system came to light. Bangladesh's central bank lost $81m, …
Kieren McCarthy, 28 May 2016
LG G4

LG glances at red-stained bank account, crosses fingers for G4

South Korean electronics giant LG is putting on its best face after its bottom line plunged by two thirds. LG said that the drop in currencies was the main reason its net income for the first quarter of 2015, ended March 31 [PDF], stood at 38bn Korean Won (US$35m) compared to 98bn (US$91.5m) from the year-ago period – a 61 per …
Shaun Nichols, 29 Apr 2015
5_pounds_sterling_money_cash_moolah

giffgaff riff-raff hacked off with lift-off of cash spaff

giffgaff claims to be “the network run by you”, so perhaps it shouldn’t be quite so surprised when the online community objects to what was a mobile phone company suddenly deciding it’s a bank. The “run by you” bit means that the company worries a lot about what customers say in the forums. And what the “owners” are saying is …
Simon Rockman, 24 Apr 2015

UK.gov eyes up virtual currencies, fingers red tape dispenser

The UK government is to review the trade in virtual currencies to investigate whether it should regulated. Chancellor George Osborne said the review would look into the potential of "alternative payment systems" to boost UK growth and would include an assessment of the need to regulate the use of virtual currencies in …
OUT-LAW.COM, 7 Aug 2014

Apple's iTunes 'n' App Store rakes in half the mazuma of Google's ENTIRE core business

Here's your fun stat for today: Apple's iTunes, Software, and Services group has gross revenues of about half that of Google's entire core business – excluding Motorola and "Other" – and those revenues are rising faster than Google's. Apple's iTunes Group's gross revenues compared with those of Google's core business In …
Rik Myslewski, 11 Feb 2014
HTC

HTC looks to cheaper phones as revenues wane

HTC said that it will pull away from the premium smartphone market and focus its efforts on lower-cost handsets. The company said in its latest quarterly report, published on Monday, that the move would help the company improve its margins as HTC struggles to cope with plummeting revenues. The firm reported 42.9bn NT$ (New …
Shaun Nichols, 10 Feb 2014

Rampaging Google now second most valuable company ON EARTH

Apple may handily hold the title of World's Most Valuable Company when measured by the size of its market capitalization, but the number-two spot, long held by fossil-fuel pusher Exxon Mobil, has been usurped by one of Cupertino's craftiest competitors: Google. As we clicked Publish on this story after the markets closed on …
Rik Myslewski, 7 Feb 2014

ARM posts sterling revenue growth, but moneymen spank it anyway

UK chip designer ARM Holdings PLC announced its financial results for the fourth quarter of 2013 on Tuesday, and despite solid revenue growth and a positive guidance, the company behind the chips that power the vast majority of the world's smartphones and tablets was spanked by The City's moneymen. The reason for the immediate …
Rik Myslewski, 4 Feb 2014
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Intel confirms it will axe 5,400 workers in 2014

Updated Intel plans to cut its workforce by approximately 5,400 employees this year, a company spokesman told The Reg. After the workforce reduction was revealed by Reuters, Intel senior manager of corporate and financial PR Chris Kraeuter confirmed to us that there will be a reduction of "about 5 per cent" of the company's 107,600 …
Rik Myslewski, 17 Jan 2014

Apple 'happy ending': BULGING iPhone WAD - but can it ever be enough?

Apple has reported its financial results for the fourth quarter of its fiscal 2013: its numbers handily outperformed the projections published by the Wall Street moneymen, though net income slipped from the same period last year. For the quarter, Apple's all-important earnings per share (EPS) came in at $8.26 on revenues of $ …
Rik Myslewski, 28 Oct 2013

Apple ups revenue estimates in wake of nine million–phone weekend

In a filing with the US Securities and Exchange Commission, Apple has announced that it now expects its revenue to come in at the high end of the range it projected when it announced its financial results for its third fiscal quarter of 2013 this July. In the filing this Monday, Apple CFO Peter Oppenheimer cited the sale of …
Rik Myslewski, 23 Sep 2013

BlackBerry inks deal to go private for $4.7bn

BlackBerry – or, as the struggling Canadian smartphone manufacturer has been renamed by the chattering classes, "Beleaguered BlackBerry" – has signed a letter of intent to be taken private by a consortium led by Fairfax Financial Holdings of Toronto, Ontario. Fairfax currently owns about 10 per cent of BlackBerry, and the …
Rik Myslewski, 23 Sep 2013

Microsoft CFO quits as quarterly results fail to sparkle

Microsoft has released its financial results for the third financial quarter of 2013 and the results make uncertain reading for CEO Steve Ballmer, who is also about to lose his chief financial officer Peter Klein. Redmond reported revenues of $20.49bn for the three months ended 31 March, up 17.2 per cent year-on-year, and …
Iain Thomson, 18 Apr 2013
The Register breaking news

'Most US banks' were DDoSed last year - survey

Nearly two-thirds of retail banks experienced at least one distributed denial of service (DDoS) attack in the past year, according to a new survey. In a new report, (12-page/941KB PDF) commissioned by Corero Network Security, 64 per cent of 650 IT and IT security experts from 351 banks said a DDoS attack had been carried out …
OUT-LAW.COM, 24 Jan 2013
Screenshot showing overriding check-in policy in Team System.

What Compsci textbooks don't tell you: Real world code sucks

There’s a kind of cognitive dissonance in most people who’ve moved from the academic study of computer science to a job as a real-world software developer. The conflict lies in the fact that, whereas nearly every sample program in every textbook is a perfect and well-thought-out specimen, virtually no software out in the wild is …
Dave Mandl, 21 Dec 2012
The Register breaking news

AT&T to mothball 2G network by 2017

In its latest filing with the Securities and Exchange Commission, US telecommunications giant AT&T has said it plans to sunset its 2G wireless network by January 1, 2017, with the goal of reclaiming spectrum for 3G/4G service. "Due to substantial increases in the demand for wireless service in the United States, AT&T is facing …
The Register breaking news

Yahoo! revenues! continue! to! decline!

Yahoo! has released disappointing results for its fourth quarter, with earnings down 5 per cent and revenues falling a further 13 points. Revenues excluding traffic acquisition costs (TAC) fell three per cent to $1.17bn, compared to $1.21bn this time last year, although income from operations did increase by 10 per cent to $ …
Iain Thomson, 24 Jan 2012

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