Articles about q1

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WD disk revenues spin slower as its flash fireworks go off

WDC beat its own better-than-expected preliminary results estimates with a $3.495bn quarter but swung to a $351m loss with fewer disk units sold. Layoffs are coming. Revenues for the fourth fiscal 2016 quarter, ended July 1, were 9.2 per cent higher than a year ago and 24.8 per cent up on the previous quarter. This quarter …
Chris Mellor, 29 Jul 2016

What's on a road to nowhere? Ingram's Q2 numbers

Ingram Micro outlined progress, or rather lack of it, when it reported calendar Q2 numbers last night and did little to convince financial markets - including Shanghai’s Stock Exchange - that it is a business going places fast. The world’s largest tech distributor said revenue for the three months ended 30 June were down four …
Paul Kunert, 29 Jul 2016

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016
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Security FUD and malware outbreaks boost Sophos' coffers

Revenues at Sophos were buoyed by the growing threat of ransomware and the like to its target mid-market customer base. For the quarter ending 30 June 2016, Sophos recorded revenues of $127.4m, 12.2 per cent up from the $113.5m its business brought in during Q1 2016. Kris Hagerman, chief executive officer, commented: "Our …
John Leyden, 28 Jul 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …
A plate of horderves

Cavium revenue, losses rise

Networking semiconductor outfit Cavium has reported rising revenue for Q2 2016, but its losses are widening. Its revenue for the quarter was US$107.2 million, up 2.1 per cent on the same period last year and up 5.2 per cent from Q1 2016. However, losses are up. The company announced GAPP net loss of $7.4 million, up from $3.8 …
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Services income helps Juniper keep Q2 from collapse

The tough networking market continues to make growth difficult for the big names: Juniper Networks has reported flat year-on-year Q2 2016 revenue and has warned of a flat outlook. Second quarter 2016 revenue was US$1.221 billion, and its operating margin fell year-on-year from 19.9 per cent in Q2 2015 to 16.7 per cent for the …
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Locky now top email menace

Locky claimed top spot for email-based malware in Q2, overtaking Dridex, a banking trojan. Many Locky and Dridex slingers turned to JavaScript files attached to email messages to install payloads, email security firm Proofpoint warns. Among email attacks that used malicious document attachments, 69 per cent featured the new …
John Leyden, 26 Jul 2016
Money down the drain

I'm good, I'm fine, solid quarter, real well ... pants Sprint as it limps past, spilling $300m

US telco Sprint says it is bringing in new customers by the boatload, despite another quarter in which its losses reached well into nine figures. The fourth-largest carrier in the US logged a net loss of $302m as it continues a campaign to rebuild its business model. For the first quarter of Sprint's financial 2016, ended …
Shaun Nichols, 25 Jul 2016
The big split

Systemax flogs German sub to CANCOM

The break up of Systemax’s European operations may have just started after it brokered a “definitive agreement” to sell the Misco German subsidiary to CANCOM for an undisclosed sum. Under the terms of the deal, staff and customer lists will be transferred to the new owner. The deal is subject to closing conditions and is …
Paul Kunert, 25 Jul 2016
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Oracle tools up for cloud wars with sales re-org

Oracle has shaken up its sales force to drive cloud business, multiple sources have told The Register. The task of pushing Oracle cloud services, flagship database and middleware was handed exclusively to Oracle’s field sales operation. On-premise apps - eBusiness Suite, PeopleSoft, Siebel - have gone to the phone-based direct …
Gavin Clarke, 22 Jul 2016

Official: AMD now stands for Avoiding Miserable Death

AMD fans are over the moon today as their favorite processor designer has sold more chips than expected in the three months to June 25. The Sunnyvale, California, biz beat analysts' estimates on revenue and earnings per share in a billion-dollar quarter that ended in the black rather than the usual red: the Radeon maker banked …
Chris Williams, 21 Jul 2016

Whoa! Shanghai Stock Exchange delays $6bn Ingram Micro takeover

Tianjin Tianhai, the Chinese logistics giant, has delayed next week’s shareholder meeting to rubber stamp the $6bn takeover of Ingram Micro as it gathers data requested by the Shanghai Stock Exchange (SSE). Tianjin Tianhai, owned by the conglomerate HNA Group, revealed in February its intended acquisition of Ingram, the world …
Paul Kunert, 21 Jul 2016
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Clouds will gather again after wispy Q1, says IDC

The cloud infrastructure market dipped in the first quarter of 2016, but analyst outfit IDC reckons the full-year result will be much brighter, with the segment slated to pass US$37 billion for the full year. IDC Cloud Infrastructure Forecast IDC's cloud infrastructure forecast for 2016 According to the Prognosticator's …

Is Pure Storage a solid business or is skepticism justified?

Analysis BTIG analysts attended Pure Storage Live, a customer and partner event, in New York City on Thursday, June 27, and came away thinking Pure is the real deal and not another ultimately doomed storage wannabe. Their note points out that: "The market continues to be extremely skeptical that the differentiation is sustainable; it …
Chris Mellor, 08 Jul 2016
 Putting text-reading robots to work. Arthur_Caranta, CC BY-SA

‘Peak Samsung’ isn't

Strong sales of its S7 flagships have boosted Samsung to its highest quarterly profit for two years, the company stated yesterday. The earnings guidance contradicts experts who predicted ages ago that we had reached “Peak Samsung”. The group’s overall profit should be around ₩8.1tn ($7bn), up 17.4 per cent from the same …
Andrew Orlowski, 07 Jul 2016

Oracle says it is 'committed' to Java EE 8 – amid claims it quietly axed future development

Exclusive Oracle has told The Register it is "committed" to Java amid growing fears the IT giant had all but given up on Java EE – aka Java Platform, Enterprise Edition. The Redwood City titan said it will present fresh plans for the future of Java EE 8 at its JavaOne conference in San Francisco in September. Version eight is due to be …
Chris Williams, 07 Jul 2016
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NetApp loses Lee Caswell to VMware

NetApp's flash marketeer, Lee Caswell, has resigned and joined VMware. A NetApp statement said: “Lee Caswell has decided to leave NetApp. We are grateful for Lee’s contributions to NetApp and wish him success in his new ventures. As we continue our market momentum — including our recent leadership position in flash as …
Chris Mellor, 27 Jun 2016

From Watson Jr to Watson AI: IBM's changed, and Papa Watson wouldn't approve

Completed in 1983, IBM's prestigious South Bank office in London, on the banks of the River Thames, owes a lot to the Brutalist style of architecture, popular in the 1960s and 1970s. It makes heavy use of concrete: a solid building for a solid company. The IBM logo has been outside that building for more than 30 years, an …
Billy MacInnes, 23 Jun 2016
Nigel Farage, leader of UKIP. Pic: Jennifer Jane Mills

All this Brexit talk derailed UK tech spending, right? That's a big fat NOPE

The monotonous EU referendum is having no detrimental affect on tech spending as reported by the UK’s largest distributors, official statistics seem to confirm. Despite the FUD emanating from both camps for months, and the noise getting even louder as Brits prepare to visit the voting booths, it seems all the fire-stoking has …
Paul Kunert, 21 Jun 2016
Raining money

Dell close to selling software division for $2bn – reports

Dell is close to agreeing the sale of its software division for more than $2bn as it digs behind the settee cushions to fund its mega-acquisition of EMC. A consortium including Francisco Partners and Elliot Management are “in advanced talks” to acquire the division, Reuters reported today, citing “three people familiar with …
Iron Giant

Open MPI gets closer to exascale-ready code

Big iron sysadmins: there's a significant upgrade to OpenMPI in the works. Late last week, OpenMPI released v2.0.0rc3, which brings a full Version 2 of the message passing interface closer to fruition. Open MPI is an open source implementation of the MPI Forum's message passing standards. It covers a variety of 32-bit and 64- …

Clueless s’kiddies using exploit kits are behind ransomware surge

Releases of new ransomware grew 24 per cent quarter-on-quarter in Q1 2016 as relatively low-skilled criminals continued to harness exploit kits for slinging file-encrypting malware at their marks. The latest quarterly study by Intel Security also revealed that Mac OS malware grew quickly in Q1, primarily due to an increase in …
John Leyden, 14 Jun 2016
Sony Ericsson Aino

Ericsson set to lay off thousands of workers over summer – report

Swedish telecommunications business Ericsson is reportedly set to rid itself of up to 4,000 employees this summer, and potentially thousands more thereafter. Citing anonymous sources, Svenska Dagbladet (SVD) reported that 3,000-4,000 Ericsson workers were going to go this summer, with thousands more following them as the …
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Explicit Intel 'Beach' pics 'leaked': All eyeballs on Optane SSD roadmap

Intel looks to be producing four Optane product families, with Mansion Beach, Brighton Beach, Stony Beach and Carson Beach code names seen on what looks like a leaked Intel slide. The Intel Optane SSD roadmap slide from BenchLife Info of Taiwan shows us various Intel SSD product families during 2016 and the first 2017 quarter …
Chris Mellor, 14 Jun 2016

Microsoft buys LinkedIn for the price of 36 Instagrams

Microsoft is swooping in to buy CV and soapbox site LinkedIn, in an all-cash deal worth a whopping $26.2bn. The software giant is paying $196 per share for LinkedIn, a $61 premium on the enterprise social platform's closing price on last Friday. Jeff Weiner will remain CEO of LinkedIn, reporting to Microsoft’s CEO Satya …
Katyanna Quach, 13 Jun 2016
Michael Dell, photo: Dell

Dell slips into a slimmer red dress after sales diet

Dell had an unremarkable Q1 of fiscal 2017, with its parent Denali Holding Inc today reporting revenues down 2 per cent year on the year to $12.5bn, but greatly reduced operating losses, trimmed 52 per cent from $335m to $161m. The company burned through $63m in cash in the three months ended April 29 but this pointed to " …
Drew Cullen, 10 Jun 2016
Giant burger

McDonald's says bigger fonts cooked up improved profits

Burger baron McDonalds has attributed stronger financial performance to, in part, enlarging the point size of the fonts it uses on the chits sent to its chefs and customers. McDonalds has had a rotten few years on the financial front, as customers desert it for healthier, newer or more interesting fast food options. Attempts …
Simon Sharwood, 09 Jun 2016
Nested virtualisation in Windows 10

OVF 3.0 due by Christmas

Work has commenced on version 3.0 of the Open Virtualization Format (OVF). OVF is an open format for virtual machines. Commercial virtualisation vendors have proprietary VM formats. An open format makes it easier to migrate virtual machines between hypervisors. The Distributed Management Task Force's OVF Working Group page …
Simon Sharwood, 07 Jun 2016
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Cisco drags down the Ethernet switch market, routers grow a little

The Ethernet market remains limp, with IDC's first-quarter data showing a mere 1.4 per cent increase compared with the first quarter of 2015. By contrast, the number-cruncher reckons the router market expanded by a still-disappointing 3.3 per cent. The only Ethernet geography to show double-digit growth was the Asia Pacific, …
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Anaemic hyperscale orders hurt server makers in Q1

A pause in hyper-scale deployments has triggered the first year-on-year decline in seven quarters for global server shipments and revenues. Also a “clear end to the enterprise refresh cycle” contributed to the Q1, 2016 slow down, according to IDC, the tech market watcher. In essence, Q1 2015 revenues were flattered by a major …
Drew Cullen, 02 Jun 2016
Iris flowers

'Limitless enterprise storage'. Really? Digging deeper into Symbolic IO

Backgrounder Remember the company we wrote about yesterday? The startup with the startling technology which claimed its storage and compute technology could run database queries 60 times or more faster than other systems, and offers ”limitless enterprise storage". Well here's a Q&A that sheds a little more light on the tech. The main …
Chris Mellor, 02 Jun 2016
Mellanox bluefield

Mellanox's SoCs take a night on the Tiles

Fancy a high core count ARM system-on-a-chip? That's what Mellanox is packing into the BlueField SoC processors it hopes will give it the edge in the hyperscale market. Bob Doud joined Mellanox in the latter's US$811 million acquisition of EzChip, whose Tilera multicore chip technology is a big part of the BlueField …
Amazon data center

Server makers love Intel Xeons (true) - but not the price tag

Amazon, Google and other giant cloud companies are buying server CPUs in huge numbers, helping to increase global shipments in 2016 for x86 and ARM server class microprocessor by 3.5 per cent to 22.9 million shipments. Strong demand means rising average selling prices (ASPs) - up 25 per cent between 2010 and 2015 - and revenue …
Drew Cullen, 01 Jun 2016
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Tech spending in Europe is slowing, a fatter Tech Data belches

Tech Data has said it is countering the slowdown in IT spending across Europe by nabbing market share from Ingram Micro rivals, though it stopped short of naming those leaky ships it is pinching business from. The IT distie titan reported group sales of $6bn, up one per cent year-on-year for Q1 ended 30 April; revenues in the …
Paul Kunert, 27 May 2016
Train wreck

The screeching of Violin Memory's parting strings is horrible

Another great quarter. Not. Violin Memory made a paltry $9.7m in revenue and posted a $22m loss for its first fiscal 2017 quarter. Revenues were down 20 per cent on the year-ago quarter and 11 per cent on the previous quarter, the fourth fiscal 2016 quarter, when revenues of $10.9m and losses of $25.5m were followed by lay- …
Chris Mellor, 27 May 2016

Q. What do you call a sales-growing letdown? A. Pure Storage

All-flash shipper Pure Storage delivered higher-than-expected revenue for its first fiscal 2017 quarter, but also had the first quarter-on-quarter revenue decline in its history since the IPO. Analysts thought it could have done better. Is this seasonality emerging for the first time or was there some other reason its turbo- …
Chris Mellor, 26 May 2016

Cock fight? Not half. Microsoft beats down Apple in Q1

Microsoft won bragging rights over Apple in Britain’s biz slab sales stakes following the first full quarter the two rivals went head to head with their Pro devices. The iPad Pro, released in last October, sold 107,000 units in the UK in Q1 versus 275,000 Surface Pro devices, which was up on the 83,000 units Microsoft flogged …
Paul Kunert, 23 May 2016
A group of people hold out mobile phones in a circle. Photo by Shutterstock

World goes SIM-free, leaving Sony and HTC trailing behind

One-third of phones worldwide are now sold SIM-free, Gartner reports today in its latest quarterly smartphone market numbers. The move to SIM-free online sales has benefited Chinese upstarts and left former favourites like Sony and HTC in the dust, analyst Anshul Gupta told us. “They haven’t changed at all, while the market …
Andrew Orlowski, 19 May 2016
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The PC is dead. Gartner wishes you luck, vendors

The PC market is doomed. We know this. You know this. Gartner knows this, but it reckons vendors can bleed out a few more pennies if they start selling high-end rigs for gamers. "PCs are no longer the first or only devices users are choosing for internet access," said Meike Escherich, principal research analyst at Gartner. …
£10 notes. Pic: Howard Lake

Mega UK distributor DCC Tech: 2016 was our annus horribilis

The once seemingly unstoppable distribution juggernaut DCC Technology hit some unmovable barriers in fiscal ’16 caused by slumping tab and smartphone sales and the loss of a retail gig. The parent of UK trading arm Exertis admitted today it had endured a "very difficult year". The LSE listed firm still managed to bump up …
Paul Kunert, 17 May 2016

HSBC swinging axe on UK IT department, 840 heads to roll

HSBC is to wipe out more than 800 of its UK-based techies in a move Unite the union has condemned as a ‘reckless’ drive to offshore jobs. The redundancies are part a wider cost cutting drive that will see the bank slash 8,000 positions in Blighty and a total of 50,000 worldwide by the end of next year, with the aim of saving $ …
Kat Hall, 16 May 2016
4 arrows signs in arrow on wooden wall

Acer made less than £1m profits in Q1 as forex rates bit hard

Ailing Acer – one of the PC makers considered at risk of vendor consolidation – has made an inauspicious start to calendar year 2016 as sales and profits tumbled. The Taiwanese business today reported revenues of NT$56.32bn (£1.19bn) for the three months ended 31 March, down 17.1 per cent on the prior year’s stats. It didn’t …
Paul Kunert, 12 May 2016
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016
Scrambled Eggs from shutterstock

That went well – NOT - Nokia's first post-Alcatel numbers dip

When Nokia Networks and Alcatel-Lucent officially became one company, on January 14th this year, board chair Risto Siilasmaa declared “Our earnings, market cap and growth opportunities have multiplied.” Today, the combined companies reported results for the first time, with €5.6 billion to show off but the confession that a …
Simon Sharwood, 11 May 2016
Abstract newspaper letters

Arista's 'solid' quarter

Arista has posted revenue of $242.2 million for Q1 2016. That's up 33 per cent on the same quarter last year and means $32m of net income. Management have declared this a "solid" result and anticipate another $20m or so of revenue in Q2. ® Abstract newspaper letters
Simon Sharwood, 06 May 2016
Ashlee Vance, Elon Musk: How the Billionaire CEO of SpaceX and Tesla is shaping our Future

Tesla production executives depart as 'leccy car maker reports narrowing loss

Tesla might have pleased Wall Street with its latest financial results, but the company has also lost a couple of high-profile production executives in the last 24 hours. With around 400,000 reservations booked for the Model 3, the 'leccy car maker needs all the build nous it can find, but Bloomberg reports the departures of …

Arrow ECS top dog parades $200m (run rate) cloudy biz

Cloud computing is on track to be a $200m plus annual business for Arrow ECS, the enterprise IT distie's big boss has claimed. The reliably boring firm - in a good way if you are an investor - notched up its umpteenth straight quarter of expanding sales, jumping nine per cent to $1.8bn for Q1 of fiscal ’17 ended 2 April. …
Paul Kunert, 04 May 2016

Apple loses iPhone™

Apple has lost its trademark on the word "iPhone" in China. The decision was handed down in late April by a court in Beijing, but has only reached the Anglophone press now. The court stated that Apple was not able to prove that "iPhone" was "a famous brand" in China before the mobe's release in that country in 2009, and as …
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Long term sick-note abuser Misco not losing nearly as much money

A pinkish hue has yet to return to the cheeks of sickly European reseller Misco but its latest financials indicate the patient is finally out of intensive care - the same cannot be said of its parent. Most of Misco’s vital statistics improved in calendar Q1, all but sales which slipped 5.3 per cent to $258.2m - or were down a …
Paul Kunert, 04 May 2016