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Articles about q1

Insight warns Q1 sales and operating profits to fall

Insight Enterprises hasn't managed to dust off the economic cobwebs just yet if prelim calendar Q1 financials are anything to go by. The reselling powerhouse said today it expects revenues to decline five per cent on the same quarter a year ago to $1.2bn, and warned operating profit will drop to $17m from $25.6m - excluding …
Paul Kunert, 19 Apr 2013
The Register breaking news

Nokia: OK, Q1 has been weak, but there's 'underlying' profit

Nokia warned of a weaker first quarter last year and duly delivered. Sales were €5.85bn in Q1 2013 with an operating loss of €150m. Net phone sales were down 32 per cent year on year, with 6.1 million smartphones shifted in the first three months of the year, of which 5.6 million were Lumia Windows phones. In Q4 Nokia shifted …
Andrew Orlowski, 18 Apr 2013
The three new Juniper EX9200 modular switches

Juniper pushes up sales and profits in Q1

The top brass at Juniper Networks are breathing a little bit easier as the company turned in numbers that show it is growing despite taking a big hit in sales of gear, software, and services to the US government in the first quarter. In the quarter ended in March, Juniper nudged up revenues by 2.6 per cent to $1.03bn, and net …

UK tech channel in RUDE health as bankruptcies dip in Q1

It's time to crack open the bubbly: corporate fatalities in the UK channel have fallen for the fourth consecutive quarter, official stats from credit rating firm Graydon UK reveal. Some 61 companies bit the dust in the first three months of the year versus 64 for the same period of 2013, indicating that the UK IT industry has …
Paul Kunert, 04 Apr 2014

Reseller giant Systemax bleeds red ink in Q1 of 'turnaround year'

Misfiring reseller big gun Systemax has seen poor results in the first quarter of calendar 2013 - which is supposed to be its turnaround year. In its efforts to recover, the business has slashed European jobs, shuttered US PC factories and axed retail brands. The ailing firm, branded as Misco in Europe, saw sales decline 3.6 per …
Paul Kunert, 01 May 2013
wall_street

Price cuts, OpenStack transition make Rackspace miss in Q1

Rackspace Hosting did not turn in the kind of first quarter it wanted for the period ending in March, so expect knee-jerk reactions and hyperventilating from investors who think it can't stay in the cloud game against the likes of Amazon, Google, and Microsoft. Its results did not meet Wall Street's expectations, with only 20.2 …
DVD it in many colours

Intel beats Q1 expectations, jacks up revenue forecast

Intel crept in over expectations with its Q1 results today, though its silicon business dipped 2 per cent on the previous year's slightly longer quarter. The chip giant characterized its Q1 performance as a "solid start" to the year, and was bullish enough to jack up its expectations for the second quarter. Revenues were $12. …
Joe Fay, 17 Apr 2012

Arrow profits quiver as Q1 sales misfire

Arrow Electronics' Q1 profits have been derailed by restructuring charges and weaker than expected sales of components in Europe and Asia. The enterprise distie giant reported a bottom line of just $113.6m (£70.1m), down 16.6 per cent compared to the same quarter a year ago, on the back of sales of $4.9bn (£3.02bn), a drop of 6. …
Paul Kunert, 01 May 2012
Apple iPad 3 aka new iPad

Apple tops tablet, mobile computer markets in Q1

The usual caveat applies: these numbers only work if you factor in tablet sales. Do, says market watcher DisplaySearch, and Apple is once more the world's top-selling maker of mobile computers. The Cupertino company took 22.5 per cent of the market in Q1, almost double the market share of its nearest rival, HP, which notched up …
Tony Smith, 23 May 2012

Microsoft reports low Q1 earnings on sluggish PC sales

Microsoft had an unremarkable quarter during the three months ending September 30, with a soft PC market contributing to low earnings in advance of a raft of highly anticipated Redmond product launches that will begin later this year and continue through 2013. On Thursday, the software giant posted a profit of $4.47bn on …
Neil McAllister, 19 Oct 2012
Rackgo systems include servers, storage, switching, and batteries

Server racket 'challenging' in Q1, says IDC

It is not a fun time to be peddling servers, but it is probably a great time to be buying them, according to the box-counting wizards at IDC. Both server revenues and shipments were down in the first quarter, marking the fifth of the past six quarters where revenues took a dip. There are so many different kinds of transitions …

EMEA server sales downed by financial meltdown in Q1

European server sales slumped in opening three months of the year due to the economic meltdown, but HP managed to knock IBM off the top spot as its rate of decline was slower. This is according to abacus-stroker IDC, armed with stats that indicate factory revenues in Q1 were $3.1bn, down nearly 12 per cent year-on-year as unit …
Paul Kunert, 08 Jun 2012
fingers pointing at man

Acer Q1 profit falls

Acer's recovery at the end of last year was short lived as Q1 sales and profits moved south. Revenues and operating income declined 11.4 per cent to NT$113bn and NT$138m respectively in the three months, which the firm described as being "in line with expectations". Profit after tax fared worse, crashing 72.1 per cent to NT$ …
Paul Kunert, 25 Apr 2012

Channel defies gloom, ships £400m kit in Q1

The UK channel raised a metaphorical middle finger to economists talking up the recession by shipping £400m worth of computing kit in Q1. This represents almost a 10 per cent jump in revenues on last year, with fondleslabs up 174.5 per cent, notebooks up 8.6 per cent and desktops up 11.5 per cent, channel number-cruncher Context …
Paul Kunert, 04 May 2012
graph up

Channel bites Apple's hand off for any old iPads in Q1

Apple sales via independent distributors across Western Europe soared 42 per cent in Q1, figures from channel analyst Context reveal. The sales-out numbers detailed by the beancounter's Vendor Performance Monitor (VPM) shows that the majority of growth was generated by the previous generation of iPads, up 180 per cent. This is …
Paul Kunert, 20 Apr 2012

SanDisk shares tumble as chip-maker lowers Q1 forecast

Flash memory maker SanDisk haS suffered a 9.47 per cent dip in its share price in trading today, after they announced a summary of results for the first quarter of 2012. Blaming weaker than expected demand and pricing, SanDisk said that its revenues for the three months ending 1 April were 8 to 11 per cent lower than expected. …
Anna Leach, 04 Apr 2012
The Register breaking news

Ginni blasts 'slow' IBM staff after poor Q1 results

IBM chief Virginia Rometty has issued a company-wide dressing-down to staff who are "too slow", after the firm's disappointing first quarter results. Rometty sent off a five-minute internal video message to IBMers, seen by the Wall Street Journal, where she blamed the company's sales staff for the results, saying they failed to …
Unisys sets LinuxWorld alight

Unisys grows in Q1, swings to profit

Mainframe and services seller Unisys saw some growth in the first quarter, with sales up 1.9 per cent to $928.4m thanks to a bump in services bookings and despite a slight downtick in hardware sales. The company swung from a $39.4m loss in the year-ago quarter to a $13.4m profit this time around. In the quarter, technology …
Samsung Wave 3

Samsung... no, Apple... no, Samsung tops Q1 smartphone sales chart

Here's a classic case of why you shouldn't rely entirely on market watchers: two of them yesterday claimed different phone makers top the world smartphone charts. In the blue corner, we have Strategy Analytics, lifting Samsung's arm up high and emailing us to say the South Korean giant's 44.5m estimated smartphone shipments …
Tony Smith, 27 Apr 2012
The Register breaking news

Nokia loses $1.7bn in Q1, sales chief falls overboard

Nokia's sales chief Colin Giles will depart in a shake-up of the company's commercial operation, the mobe maker announced in its earnings call today. After he clears his desk in June, 20-year veteran Giles won't be replaced, with the four regional senior VPs now reporting directly to head of markets Niklaus Savander. As the …
Andrew Orlowski, 19 Apr 2012

Red Hat hits the top and bottom numbers in fiscal Q1

Everybody seems to be a bit jumpy about the global economy these days, and Red Hat will be giving Wall Street a case of the jitters when the market opens on Thursday even though it exceeded its revenue and profit targets in its first quarter of fiscal 2013. In the period ending May 31, Red Hat's support contract subscriptions …

Red ink not as deep as expected for Fujitsu in Q1

Japanese IT conglomerate Fujitsu may have been been hit hard by the decline in PC and smartphone sales and seen its server business slump as well, but the weakening of the yen by the Japanese government to boost the indigenous economy has helped inflate overseas sales revenues, and an uptick in the systems integration business …

Big Blue misses Q1 targets big-time thanks to systems shortfall

Big Blue did not turn in the numbers that it expected in the first quarter thanks to more than $400m in mainframe systems, related software, and intellectual property licensing deals that rolled over into the second quarter. In the quarter ended in March, revenues were off 5.1 per cent, to $23.41bn, and net income fell by 1.1 …
fingers pointing at man

HTC wants a hug after glum Q1 estimates

HTC could be in for a spot of bother in 2012 after its Q1 outlook missed analysts’ estimates. Commentators suggest the firm may struggle to compete with Apple, Samsung and the wealth of handset manufacturers crowding this increasingly competitive space. The Taiwanese hardware manufacturer forecast revenue of about NT$65bn to NT$ …
Phil Muncaster, 07 Feb 2012
The Register breaking news

SSD sweetheart STEC swings to Q1 loss

If ever you needed a salutory tale about the perils of sitting on your laurels, then STEC, once EMC's SSD darling and pioneering enterprise flash high flier, can provide it in spades. First movers have got to be fast and STEC was unconscionably slow. The company's Fibre Channel interface Zeus-IOPS solid state drives (SSDs) were …
Chris Mellor, 09 May 2012
The Register breaking news

Cheaper, slimmer Google Nexus 7 rumored for Q1 2013

Google may be readying a revamped model of the middle sibling in its Nexus line of Android devices for as early as the first quarter of 2013, if the supply-chain snoops at Taiwanese tech news site DigiTimes are correct. Sources in the tech manufacturing sector are whispering that the Chocolate Factory and its manufacturing …
Neil McAllister, 20 Dec 2012
A blade server from the UV2 super

SGI tax bennies push bigger profit in Q1

Jorge Titinger, the CEO who was brought into Silicon Graphics last year to clean up the mess made by $87m in low-margin deals that wrecked the company's bottom line for a few quarters, is probably breathing a little easier now that the most recent quarter has ended. Not just because revenues were up, but because the remaining $ …

Win XP security deadline: Biz bods MUST protect user data – ICO

The end of support for XP on Tuesday doesn't only mean increased risk from hackers exploiting vulnerabilities that will never be patched. It also creates a heightened data protection risk to businesses, the UK's data privacy watchdog has warned. The Information Commissioner's Office (ICO) also warned that the end of support for …
John Leyden, 08 Apr 2014
The Register breaking news

Zynga shares wobble as biz bleeds $85.4m in Q1

Freshly public online gaming outfit Zynga reported a first quarter net loss of $85.4m to Wall Street yesterday. The company, which has catapulted its sales off the back of Facebook, where it derives around 93 per cent of its revenue from the social network, had earnings of $17m in the same period a year earlier. Revenue …
Kelly Fiveash, 27 Apr 2012
The Register breaking news

Nokia market share dips below 30% in Q1

Nokia's global mobile phone market share significantly fell below 30 per cent for the first time in 10 years during the company's first quarter, when it announced a new pact with Microsoft. The company, which today signed a definitive agreement with MS to build several Nokia Windows phones together, posted better than expected …
Kelly Fiveash, 21 Apr 2011

High-end SAN peddler Dot Hill delivers profit – market says 'meh'

Three consecutive quarters of profit and a full year profit after seven years of losses: Dot Hill is looking good and CEO Dana Kammersgard can breathe more easily. Fourth quarter 2013 revenues were $58.8m, up sequentially from the prior quarter's $52.6m and even more than the year-ago quarter's $44.1m; it's up 29 per cent, in …
Chris Mellor, 07 Mar 2014
The Register breaking news

Foxconn daddy's shares slip on weak Q1 profit

Foxconn's parent company Hon Hai's shares dropped 7 per cent today after it announced weaker profits than expected in the first quarter. Hon Hai reported a net profit of NT$14.9bn ($510.8m, £314m) for the quarter, down just a little from the same period last year when the firm made NT$15.3bn ($523.2m, £322m). The group's costs …
The Register breaking news

Virgin Media Q1 revenue climbs as signups fall

Virgin Media saw total revenues were up 5.7 per cent in the company's first quarter ended 31 March 2011, despite a dip in the rate of increase of its customer base. It pulled in £982.3m in Q1, compared with £929.4m for the same period a year earlier. The company delivered operating income of £110.6m, up on 2010's £69.6m. …
Kelly Fiveash, 20 Apr 2011
channel

AMD bleeds red in Q1 after GlobalFoundries deal rejig

PC and server chip maker Advanced Micro Devices didn't do as badly as expected in the first quarter, with revenues only down 1.7 per cent to $1.59bn. But the red ink was deeper than usual in the wake of its restructuring of its relationship with fab partner GlobalFoundries, which cost AMD a $703m writeoff in the quarter. And …
The Register breaking news

Revenues down at BT for Q1, share price up

BT reported a 5 per cent decline in revenues for its first quarter ended 30 June, while pre-tax profit climbed 20 per cent. It saw total sales of £4.76bn in Q1, compared with £5bn in the same period in 2010. Adjusted profit before tax jumped to £533m from £466m a year earlier. Earnings per share rose from 4.4 pence to 5.2 pence …
Kelly Fiveash, 28 Jul 2011
The Register breaking news

TalkTalk Q1 sales fall as number of broadband punters declines

TalkTalk saw 146,000 broadband customers quit the service in the company's first quarter even as its overall subscriber base for all of the telco's products returned to growth. The past few months of heavy rain in Britain hampered TalkTalk's rate of connections for new customers, the firm added. It saw growth in fully unbundled …
Kelly Fiveash, 26 Jul 2012
Oracle Termites

Oracle revenues miss expectations – AGAIN

Oracle posted lower than expected revenue for the first quarter of its 2014 financial year, making it the third consecutive quarter that the database giant has missed analyst expectations. Oracle announced revenues of $8.38bn and earnings per share of 59 cents on Wednesday, compared to the $8.48bn and EPS of 56 cents that the …
Jack Clark, 18 Sep 2013
The Register breaking news

Dell, HP Ultrabooks out Q1 2012

Acer may have rushed to introduce skinny laptops based on Intel's Ultrabook specification - it debuted the Aspire S3 at the IFA show in September - but fellow top-three PC vendors Dell and HP haven't. Clearly heeding Intel's warning that much better Ultrabook-centric chippery - its next-gen 'Ivy Bridge' platform, essentially - …
Tony Smith, 05 Oct 2011
HP's ProLiant Gen8 servers

Unix, mainframes drag down servers in Q1

The server market is starting to run out of steam, and there's plenty of blame to go around as to why. According to the box counters over at Gartner, the Unix market is in a slump, IBM is at the tail end of its System zEnterprise mainframe line and customers are awaiting new machines for later this year. The later-than-expected …
The Register breaking news

UK PC sales plunged in Q1

Brits aren't buying so many computers these days, but they are taking to tablets. But while tablet sales are well up year on year, it hasn't been enough to compensate for slowing notebook, netbook and desktop demand. UK PC sales during the first quarter of the year were down 7.7 per cent, well below the European average of 2.9 …
Tony Smith, 12 Apr 2011
channel

Intel takes CPU market share from AMD in Q1

The chip watchers at iSuppli say that Intel continued to gain processor market share even though it was hit by a bug in a chipset used with its "Sandy Bridge" desktop, laptop, and entry server platforms. According to the latest stats from iSuppli, both x86 and x64 microprocessors as a group continue to take market share away …
The Register breaking news

eBay beats Q1 forecasts with PayPal mobe cash mountain

eBay has seen its revenues and income rise in the first quarter this year, boosted by PayPal's moves in the mobile payments sector. The web marketplace reported a 29 per cent lift in revenue from the same quarter last year, rising to $3.3bn (£2bn), while net income was up 17 per cent to $725m (£450m), beating analysts' …
management governance3

Clock ticking for IT distie Tech Data to end accounts probe

IT channel biz Tech Data has until September to get its house in order - because that's when it must file all its delayed financial reports to regain compliance with NASDAQ rules. The world's second largest tech distributor missed the deadline for filing its Q1 2013 results this month, some 45 days after the end of the quarter …
Paul Kunert, 20 Jun 2013

Hey, Acer: Is that a rounding error, or did you actually make a profit?

Only a foreign exchange tailwind and stock disposal helped ailing Acer return to profit for calendar Q1 of 2013. The Taiwanese firm booked sales of NT$91.9bn (£2bn) during the period, down more than 18 per cent year-on-year. This was "in line with the original shipment outlook", Acer said in a statement accompanying the numbers …
Paul Kunert, 07 May 2013
The Register breaking news

RIM, Moto tablet ship total to hit 2m in Q1

RIM will be shipping more than a million BlackBerry PlayBook tablets during the firs three months of 2011 as the battle to beat Apple's iPad - or at least grab a chunk of the emerging media slate maket - begins in earnest. Motorola, meanwhile, will be taking receipt of up to 800,000 Xoom tablets, moles from Taiwan's contract …
Tony Smith, 14 Jan 2011
Sony XDR-S16DBP digital radio

Blighty's great digital radio switchover targets missed AGAIN

The digital radio revolution is taking place regardless of the uptake of DAB, according to Ofcom's annual digital radio report (PDF). Home penetration of DAB receivers has still not reached 50 per cent and sales of DAB receivers in Britain – including car audio systems – has fallen from 2.2 million in Q1 2008 to 1.9 million in …
Andrew Orlowski, 26 Sep 2013
distribution_channel

Mad Leo exit finally clears way for Blighty to love HP again

HP has finally halted the downward sales trend in distribution that dogged its UK operation for much of 2012. Figures from Context show that HP accounted for 22 per cent of the £1.8bn worth of tech shipped by distributors in Q1 2012, a share that steadily declined to 16 per cent by Q4. But Jeremy Davies, CEO at the Brit-based …
Paul Kunert, 24 Apr 2013
Broken CD with wrench

Global players wolfing down chips again after crap Q1

The chip market is growing again after slumping a bit in the past several months, holding out hope for semis that the growth rate in the second half of the year will be sufficient for the industry to eke out some increases for the full year. It all hangs on whether the global economy and the insatiable desire of consumers for …
cloud

Attachmate acquisition stalls Novell's Q1

Novell is in the process of being eaten by Attachmate and having some juicy patents sold off to a holding company controlled by Microsoft, Apple EMC, and Oracle. And the company's top brass took a zero for the day and didn't face Wall Street when Novell announced its financial results for the first quarter of fiscal 2011 ended …

Cray peddles more iron than expected in Q1

It is tough to find a choppier business than the supercomputer market, and Cray CEO Peter Ungaro had to remind Wall Street once again to not judge the company on a single quarter, and particularly on the first quarter that it has just turned in. While the company's top line was a little better than expected, issues with the …