Articles about financials

Jack in black: 12 years on, Twitter finally makes a profit from its firehose of memes and misery

After 11 years and seven months in operation, and billions and billions of dollars in losses, Twitter today said it is, at long last, a profitable business. The shoutfest broker of memes, sarcasm, news, jokes, harassment, Russian trolls, and so so much wailing, declared it had, for the first time ever, managed to make money in …
Shaun Nichols, 8 Feb 2018
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Pour yourself a tall one, Juniper investors. It's lost money again

Juniper Networks has announced a drop in revenue for Q4 2017 and predicted Q1 2018 will disappoint. In the fourth quarter, the company turned in a US$148.1 million loss on revenue of $1,239.5, which was down 11 per cent compared to a year ago. In a CFO commentary [PDF] the company's blamed “architectural shifts in the cloud” …

IBM lifts its 22-quarter shrinking sales curse: Finally, a whole 1% uptick

For 22 quarters in a row, IBM's sales have been shrinking. But not any more. In the final three months of 2017, Big Blue's revenues grew 3.5 per cent compared to year-ago quarter, the first such rise in about six years. It's fair to say IBM sure took its time to regain its footing. And yet the corporation still managed to make …
Shaun Nichols, 19 Jan 2018

TalkTalk sees red after chucking £75m on restructuring bonfire

Beleaguered Brit ISP TalkTalk's half-year results have plunged into the red, reporting pre-tax losses of £75m due to major restructuring costs. Sales fell 5 per cent to £856m from £902m the year before. The firm attributed a chunk of those losses to a £31m bill in associated costs for overhauling its mobile phone business …
Kat Hall, 15 Nov 2017
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Flagging outsourcing biz and sports rights weigh down BT profits by 4%

BT reported a 4 per cent drop in net income to £1.8bn for its second quarter as sports TV rights costs and its underperforming outsourcing biz hit the bottom line. Overall sales fell 2 per cent to £5.9bn for the three months to September. Revenue for Global Services dropped 10 per cent to £1.26bn, with total earnings …
Kat Hall, 2 Nov 2017

Roaming charges drop smacks O2 daddy Telefonica in the profits

Operating profit at Spanish telco Telefonica - owner of UK cell network O2 - dropped 1.9 per cent in its third quarter to €4.1bn (£3.6bn), mainly due to the loss of roaming revenue and changes to exchange rates. Revenue dropped 2.5 per cent in the quarter to €12.7bn (£11.3bn), for the quarter. Sales in Blighty were up 1.1 per …
Kat Hall, 26 Oct 2017
Cisco logo falling off Cisco building

Cisco security sales disappoint, DRAM drought dents results

For a couple of years now, Cisco has said its future lies in selling more software, but it's not quite working out as planned. In its fourth quarter 2017 (and full-year) results announced today, nobody was particularly surprised that hardware operations shrank (routing and switching both down by nine per cent to US$1.9 billion …
ISO7816 Tattoo

You don't call, you don't text: SIM-flinger Gemalto warns of 9% sales drop

Security software-maker Gemalto has once again issued a trading update, warning its second quarter revenue will fall 9 per cent to €742m (£663m) compared with the same period in 2016. The company said its profit from operations are in line with expectations at approximately €93m (£83m). However, due to a lacklustre SIM market …
Kat Hall, 24 Jul 2017

Dixons Carphone stirs PC Curry, reports 10% profit gravy

Dixons Carphone reported a bumper year, with profits up 10 per cent to £501m for its preliminary results 2016/17. Revenue in the UK and Ireland rose 2 per cent to £6.5bn, with overall group sales up 9 per cent to £10.5bn. The borg is in the process of closing 134 stores in the UK this year, as part of its 3-in-1 store concept …
Kat Hall, 28 Jun 2017

If your Xmas party expenses left you with a hangover, you should see Dell's spending

If revenue growth is vanity but profits are sanity, then Dell EMC made something of an inauspicious start to life as one company: sales expansion was overshadowed by deepening losses. The results for the firm’s third quarter of fiscal 2017 ending October 28, which included 52 days of financial results from EMC and VMware, …
Paul Kunert, 8 Dec 2016

HP Inc CEO Dion: Whey-hey, we're on the pull

HP Inc has delivered its first full year of financial results, and they aren't looking good. Profits fell 63 per cent, revenue was down 6 per cent, and its earnings per share were down over a quarter. It had been a difficult year, CEO Dion Weisler acknowledged during Tuesday's earnings call, but the company is now planning to …
Iain Thomson, 23 Nov 2016
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Cisco rewards massive profit jump with thousands of layoffs

Cisco is reporting record financial numbers on the same day it says it will cut 5,500 employees from its payroll. Switchzilla says that the move is part of its ongoing campaign to shift its focus from slinging networking hardware to providing software and services for enterprises moving to software-defined networks (SDN). CEO …
Shaun Nichols, 17 Aug 2016

Bezos bags bonkers bucks as almighty AWS astounds again

Amazon Web Services (AWS) is on a roll after closing a financial quarter in which its operating income more than doubled. Amazon as a whole posted a solid quarter, with net sales of $30.4bn, up from $23.1bn, and net income of $857m, up from $92m. Much of that was due to the success of the cloud computing business. For the Q2 …
Shaun Nichols, 29 Jul 2016

What's big, blue and red all over? IBM. Profit, z Systems down, cloud up

IBM today reported its second quarter financial results and the figures don't look good, with profits falling nearly 30 per cent. The venerable computing giant did perform slightly better than analysts expected, however GAAP revenues and profits are both down year-on-year. It's the 17th straight quarter of revenue declines for …
Iain Thomson, 18 Jul 2016

Clouds rain revenue on Adobe's business

Adobe's reported continued growth in its cloud subscriptions, but not enough to satisfy investors. Its Q2 2016 revenue rose 20.4 per cent year-on-year to US$1.4 billion on the back of Creative Cloud subscriptions: the digital media business piled on 26 per cent year-on-year to hit $943 million, with Creative Cloud chipping in …

When are flat revenues not so bad? When your name is Cisco

Cisco says that it is optimistic on its financial outlook despite a "challenging environment" that saw the networking giant's quarterly revenues drop slightly. "We delivered a strong Q3, executing well despite the challenging environment," said CEO Chuck Robbins. "I'm pleased with our performance today as well as the progress …
Shaun Nichols, 18 May 2016

Apple man found dead at Cupertino HQ, gun discovered nearby

An Apple employee was found dead in a conference room at the iPhone giant's HQ in Cupertino, California, this morning. A gun was discovered nearby. Cops were called to the One Infinite Loop campus at about 8.35am. Sgt Andrea Urena of Santa Clara County Sheriff's Office described the death as "isolated incident," adding "nobody …
Shaun Nichols, 27 Apr 2016

Your 30 second guide to the past three months on Planet Adobe: Talk about sitting on cloud 9

Adobe is crediting a surge in cloud services with helping to drive its best financial Q1 take ever. The Silicon Valley software giant said that its Creative Cloud and Marketing Cloud services recorded strong growth on the quarter and spurred the company to increase its revenue target for the year. For the three months [PDF] …
Shaun Nichols, 17 Mar 2016

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