Articles about q1

Graph of US dollar going up CC 2.0 https://www.flickr.com/photos/68751915@N05/ 401kcalculator.org.

Surging dollar value brightens Tech Data’s European revenues

The unfavourable forex rate leaving US vendors with a damp patch on their financial results in Europe ironically might have helped Tech Data in its opening quarter of fiscal 2016. The world’s second largest tech distie reported sales of $5.8bn for Q1 ended 30 April, down 12 per cent year-on-year, but better than Wall Street …
Paul Kunert, 29 May 2015

US titans roll out the numbers... wow, reselling is a tough game

Calendar Q1 numbers are out for shape-shifting resellers Insight Enterprises and Systemax, with the former reporting flat sales and profits but the latter faring much, much worse. Both are trying to rapidly develop services operations based on consulting, managed services and the cloud to replace commoditised or 'empty calorie …
Paul Kunert, 12 May 2015

Citrix – Sorry, we didn't realise job cuts would knacker results

Citrix dropped the ball in Q1 by underestimating the short-term effects of chopping hundreds of staffers as part of a company-wide restructure, and the challenge posed by the swollen dollar. The firm previously warned shareholders and Wall Street analysts a fortnight ago that sales and earnings per share would come in lower …
Paul Kunert, 23 Apr 2015

Disappearing storage and server projects hit Arrow ECS

If ever proof were required that tanker sized distributors needs to keep acquiring to maintain growth levels then Arrow Inc's fiscal Q1 numbers provided the perfect test case. The Fortune 500 firm reported a five per cent rally in sales to $5.08bn but exclude the firms it hoovered up last fiscal year, including security distie …
Paul Kunert, 7 May 2014
Stained glass angels

Gods of tech distribution smile on Blighty in Q1

Distributors in almost half of the countries across Western Europe failed to register sales growth during Q1 but those with ops in Blighty were not among them. Sales out data from Context reveals UK market revenues climbed 12.4 per cent in the three months to €2.5bn, making it the largest sector in the region for the past four …
Paul Kunert, 6 May 2014
Windows XP boot screen

Win XP war, huh! What is it good for? Enormo IT reseller Insight

A currency tailwind in EMEA, PC munching customers fleeing from Windows XP support doom on both sides of the Atlantic, and far leaner restructuring charges lifted Insight Enterprises' Q1 2014 financials. The Fortune 500 tech reseller reported a year-on-year three per cent hike in sales to $1.2bn in the period from January to …
Paul Kunert, 2 May 2014
John Chambers at the World Economic Forum 2010

BIG trouble in BIG China: Cisco shares fall off a cliff as CEO warns of slump

Cisco's shares slumped ten per cent in after-hours trading on Wednesday after the networking kingpin copped to terrible performance in emerging markets. The hardware giant squeezed $2.9bn in net income (up 11.6 per cent year on year) out of revenues of $12.1bn (up 1.8 per cent) in the third quarter of 2013. The company beat …
Jack Clark, 13 Nov 2013
Avnet TS

Avnet looking to cut costs AGAIN

Avnet CEO Rick Hamada has described fiscal Q1 numbers as a "disappointing setback" with profits falling steeply and further cost cutting required. The distie titan already revealed plans to lop a load of costs to help out the bottom line when it unveiled preliminary Q1 figures early this month, with sales down nine per cent to …
Paul Kunert, 25 Oct 2012

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, 8 Jun 2012
order_book

Logica's UK order book crashes by 80 per cent

Logica's UK outsourcing ordering book took a hammering in Q1, falling 80 per cent year-on-year – albeit against a strong 2011. At group level the integrator turned over £971m in sales during calendar Q1, down 1 per cent year-on-year. The pipeline slid by nearly a quarter to £1.05bn and the outsourcing backlog was down 4 per …
Paul Kunert, 11 May 2012
InsightEnterprises

Insight biz tremor topples EMEA operating profits

Insight Enterprises saw EMEA operating profits decline by nearly a third in Q1 largely due to restructuring charges. This was a blemish on a decent set of numbers for the global reseller, given the biting economic climate: sales rose two per cent year-on-year to $1.24bn, operating profits climbed 12 per cent to $25.6m and net …
Paul Kunert, 3 May 2012
warehouse interior - wide aisle, big shelves

Systemax profits tumble as US punters keep wallets closed

Systemax CEO Richard Leeds said he's disappointed by calendar Q1 numbers as profits fell by almost 50 per cent due to flagging US consumer electronics sales. The group - which operates the Misco and WStore brands in Europe, and Tiger Direct, Circuit City and CompUSA stateside - saw turnover slide one per cent year-on-year to $ …
Paul Kunert, 2 May 2012
The Register breaking news

SAP still not a force in cloud after sales cash drizzle

German software maker SAP AG is facing an uphill battle to become a force in the cloud market after revealing subscription-based sales amounted to just €29m (£23.7m) in Q1. This represents year-on-year growth of 625 per cent on the opening three months of 2011 but that's clearly from a minuscule base. Total revenues were up …
Paul Kunert, 25 Apr 2012
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 …
channel

Lenovo chiefs chortle over decision to buy IBM's PC biz

IBM may think it was a grand plan to exit the PC game by flogging its biz to Lenovo, but the Chinese vendor does not concur, as its Q1 sales rises show. The concerted turnaround efforts continued for the seventh consecutive quarter since Lenovo dumped former CEO Bill Amelio, with sales up 15 per cent to $5.9bn and operating …
Paul Kunert, 18 Aug 2011
The Register breaking news

Nokia welcomes a slow 2010

Nokia's first three months of 2010 were passable, but not good enough for investors, and the company saw fewer handsets going to the USA. Net sales hit €9.5bn - three per cent more than Nokia made in the first part of 2009. Operating profit jumped to €488m, which compares well to the paltry €55m in same period last year, but …
Bill Ray, 22 Apr 2010
globalisation

HP's PC and printer sales back from the depths

In an unexpected reversal, Hewlett-Packard's core PC business has boosted the company to a 25 per cent increase of profits while its enormous service division went kinda limp. During its first fiscal quarter, which ended January 31, HP pulled in profits of $2.3bn, up from $1.9bn during the same period last year. The is was …
Austin Modine, 17 Feb 2010
The Register breaking news

Cisco profits slip 19%, but pass 'tipping point'

Cisco's fiscal first quarter profit dropped 19 per cent based on lower sales, but the networking equipment giant believes it had already hit the recession's bottom in Q3 and is optimistic about the overall economic outlook. Chief executive John Chambers said results in Cisco's fiscal Q1 2010, which ended October 24, "continue …
Austin Modine, 4 Nov 2009

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