Articles about q1

Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco ends Q1 an inch ahead of guidance

Cisco has farewelled its chief financial officer after announcing results that showed a still-beating heart somewhere in the giant switch market. Net income for the Borg's first quarter was reported at US$1.8 billion, on revenue of $12.2 billion, about US$40 million ahead of Wall Street's expectations. The company also announced …
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, 06 May 2014
Sky Anytime+

Sky's tech bets pay off: Pay TV firm unveils blazing growth for Q1

Sky posted record numbers as its tech bets continue to pay off. BskyB’s ARPU (average revenue per customer) reached £576, up £32 from two years ago, with triple-pay punters accounting for 37 per cent of its 15.5 million customer base. Just over 11.5 million of those are retail customers, and just over 4 million wholesale. The …
Andrew Orlowski, 16 Oct 2014

Avnet CEO: enterprise tech spending on the turn in fiscal Q1

A dark cloud hanging above Avnet’s Asian and EMEA computing components biz cast a shadow over the relatively decent start to fiscal ’15 for the Technology Solutions division. The enterprise tech bellwether reported sales of $2.46bn for the quarter ended September, up 2.4 per cent on an organic basis versus the same period a year …
Paul Kunert, 27 Oct 2014
box_shifting_channel

Weakened Apple slab grab sees Q1 growth slump to RECORD LOW

Apple's iPad shipments into distribution have fallen faster than at any point since the slab was brought to market and yet the wheels aren't close to coming off of the fruit-emblazoned sales juggernaut. A 16.1 per cent world-wide sales crash in Q1 to 16.35 million units saw iPad market share plummet to 32.2 per cent from 46.4 …
Paul Kunert, 09 May 2014

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
wall_street

Whoops! Nvidia lets slip Q1 earnings early – and they're solid

An internal communications cockup forced Nvidia to release its first-quarter 2015 results two days early, surprising Wall Street with revenues and earnings that beat analysts' estimates. Nvidia had earlier announced that it would release this quarter's earnings report on Thursday, but when a preliminary draft of its results was …
Neil McAllister, 07 May 2014

Acer fairly sure it made a profit in Q1. Assuming it got the office tea-bag account right

Ailing Acer has told us "transformation plans" are on track despite generating a profit after tax of just NT$1m - or £19,600 - in the first calendar quarter of 2014. This titchy cash haul would cover a small bunch of non-golden parachutes for execs that want to bale: or equates to a £2.80 handout for each employee in the company …
Paul Kunert, 08 May 2014
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
Tyrannosaurus rex

Texas T Rex Dell: Terabytes shipped. Count 'em and weep...

Dell sold more storage capacity than any other supplier in the first half of 2014, says analyst IDC. In IDC's worldwide Quarterly Disk Storage Systems Tracker reports Dell is singled out as having sold 4,311,728 terabytes of disk storage, 4.3 exabytes, by the mid-point of 2014 – pretty damned impressive. We're told that Dell …
Chris Mellor, 24 Sep 2014

Hot summer of football to stir Samsung's profits after slow Q1

Samsung Electronics, the mobes, slabs, screens, domestic appliances and chips arm of the industrial giant, has posted results showing a decline in operating product. The company hauled 53.68 trillion Korean won (about $US50 billion) through the doors between January 1 and March 30 2014, 8.49 trillion won (about $US7 billion) of …
Simon Sharwood, 29 Apr 2014
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
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
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 …
RFID_snail_trio

NBN Co to launch commercial FTTN in Q3 2015

The Federal Government's favoured “multi-technology model”, under which fibre-to-the-node would become the default build for NBN Co where the fibre build hasn't commenced, has finally got a landing date: 2015. NBN Co's latest product roadmap (PDF here) says commercial fibre-to-the-node services will launch in the third quarter …
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

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
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

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

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

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
NBN Co Customer premises equipment

NBN Co reports fibre traction and Telstra action

NBN Co has made the slightly awkward announcement that it's more than tripled the number of premises connected to its fibre network in the past year, while maintaining its commitment to the multi-technology model for future rollouts. It's chalked up the connections surge in spite of a management bonfire, several reviews to …
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 …
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 …
medical_doctor_health_channel

Brit PC market out of intensive care thanks to XP, falling prices

The PC market is gradually on the mend after the bloodiest period in its history when businesses sweated their assets, consumers bought tabs and costly excess stock swilled around the channel. Sales went up by mid-single digits in Q1 as UK shoppers in the commercial sectors began to spend on traditional systems again, said …
Paul Kunert, 05 Jun 2014
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
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 …
IDC total storage Q1 cy2014

Is it THE END OF BIG DATA? Quarta Horribilis for high-end storage

IDC has just revealed one of the worst storage quarters for a couple of years as buyers went on a high-end storage strike. There's been a quite spectacular slump in the storage business in the first 2014 quarter, according to the beancounters' Storage Tracker. Notwithstanding the digital-universe-drowning-us-in-Big-Data …
Chris Mellor, 06 Jun 2014

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 …

Cisco targets India with new investment

In a move interpreted as an endorsement of the new Indian government headed by reformer, and digital service delivery believer, Narendra Modi, Cisco wants to turn around its fortunes in India, and is reportedly putting US$1.7 billion on the table as part of its strategy. The Economic Times reports the commitment, which The Borg …

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, 07 May 2014
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
Galaxy simulation

Astro-boffins start opening universe simulation data

The Illustris Project, a universe-scale simulation created in 2013 at MIT and unveiled in May 2014, is now offering its first data products as downloads for researchers. The large-scale cosmological simulation of galaxy formation, as it describes itself, has half a petabyte containing 12 billion resolution points and in a full …

IDC busts out new converged systems charts, crowns Oracle as Platform King

IDC's numerical navel-gazers have delved into integrated systems and found out that Oracle's engineered systems are crapping all over everybody else and FlexPod is winning out over VCE. The IDC quants separate out Integrated platforms, like Oracle's engineered systems, from Integrated infrastructures, like VCE's Vblocks. Here's …
Chris Mellor, 07 Jul 2014
Google sign outside Mountain View headquarters

Google's latest mega-earnings fail to impress shareholders

It's hard to be disappointed about quarterly revenues of $15.42bn – unless you're Google, that is, and the analysts expected you to bring in even more. The online ad-slinger underperformed in both revenue and earnings per share during the first quarter of its fiscal 2014, based on the average estimate gathered by Yahoo! Finance …
Neil McAllister, 16 Apr 2014
Monty Python and the Holy Grail Blu-ray disc

Toshiba joins the exclusive, three-member 6TB disk drive club

Toshiba has joined Seagate and WD/HGST in the 6TB disk drive club, still so exclusive that it only has three members. The MG04, with capacities of 2, 4, 5 and 6TB, spins at 7200rpm, making it a nearline drive. Toshiba claims it is good for 24/7 usage. It has 12Gbit/s SAS or 6GBit/s SATA interfaces and a secure instant erase …
Chris Mellor, 18 Dec 2014

BEST EVER broadband? Oh no you DIDN'T, Sky – ad watchdog

The telecoms giant formerly known as BSkyB has been ordered to remove a "best ever" broadband ad after rival BT claimed it was "misleading". The Advertising Standards Authority (ASA) said the context of Sky's "BEST EVER broadband offer" in July had not been substantiated and was likely to mislead. Last week BSkyB ditched the …
Kat Hall, 21 Nov 2014

Systemax CEO: Can't get consumer biz out of the crapper

It is a new calendar and financial year for shape-shifting box-shuffler Systemax but the same problem remains: it is hamstrung by a "weak" consumer division that is a burden on the relatively fit B2B operation. The New York-listed reseller last night reported Q1 results ended March with sales declining one per cent to $873.4m, …
Paul Kunert, 30 Apr 2014

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 …

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 …
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

Sluggish Cisco damping Ethernet market, say kit-counters

The bread-and-butter enterprise networking market, Ethernet switches and routers, had a dreadful first quarter in 2014, but just how bad depends on which analyst you listen to. IDC says the Q1 value was $US5.2 billion, while Dell'Oro Group was a little more pessimistic, putting it at $US5 billion. The two companies estimates of …
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the lowest …
Neil McAllister, 18 Sep 2014
No Sale

NetApp: Revenues are down – but own brand kit wasn't to blame

Revenues down, profits up and no growth for three years: that's the picture from NetApp's first fiscal 2015 quarter results. The quarter finished on 25 July, and revenues were $1.49bn. They were $1.52bn a year ago, a 2 per cent fall, and $1.65bn in the previous quarter, 10 per cent less and a seasonal pattern. Net income for …
Chris Mellor, 14 Aug 2014

Mellanox preps to ship 100 Gbps adapters

Mellanox has rounded out its 100 Gbps InfiniBand interconnect strategy with the release of single/dual port adapters. The ConnectX-4 release follows the March announcement of 100 Gbps-capable cable solutions and the aggregate 7.2 Tbps, 100ns-latency 36-port EDR (enhanced data rate) SwitchIB product in June. The ConnectX-4 VPI …