Articles about q1

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
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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
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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
IBM Selectric Golfball

Apple: Don't 'overreact'

Tim Cook has shrugged off fears about Apple's future after its Q1 results. Appearing on CNBC's Mad Money programme, the CEO responded to the suggestion that Apple was on the way out by saying he thought that was "a huge overreaction". Apple reported a 26 per cent drop in net income last week as iPhone sales fell for the first …

Argos defection to Tech Data whips Ingram Micro's bottom... line

The loss of a retail supply contract with Argos helped push Ingram Micro’s European sales growth into the barrier’s during car crash Q1 financials. The US-headquartered tech distributor reported sales of $2.66bn on this side of the pond for the period ended 31 March. This was down 13.35 per cent year-on-year. Ingram is being …
Paul Kunert, 03 May 2016
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What's Zuck planning with his Facebook bots? Maximum $ilo revenue

Analysis Facebook smashed through expectations for its first quarter of the year. A surge in mobile ads saw revenue up 52 per cent to $5.38bn while the user base grew to 1.65 billion – 22 per cent of the world’s population, and extracting every byte of data (and every penny from those bytes) from that existing user base is the company' …
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Xiaomi takes aim at Apple, Qualcomm

Apple and Qualcomm will be doing a bit of looking-over-their-shoulder competitive analylsis: rising Chinese Chinese electronics manufacturer Xiaomi is prepping a smartwatch and mobile processor. The company's Mi smartwatch has left the rumour-mill, with a launch schedule to be formally announced at a company event on May 10. …
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There's never been a better time to be a product reseller... if you like pain

Tough times are here again for the on-premise infrastructure providers with Insight Enterprises the latest to report top line slippage. The global reseller filed sales of $1.17bn for calendar Q1, down four per cent year-on-year, as declines in European and Asia Pacific ops wiped out the slight progress made in North America. …
Paul Kunert, 29 Apr 2016
stack of newspapers with a pair of ethernet cables next to them

Profits down at Baidu

Profits are down at the Chinese web giant though revenue has risen. The company reported a 19 per cent drop in its Q1 2016 profits at roughly $300m, despite a revenue rise, as the company rejigs itself in preparation of expanding outside of the search-engine game. Revenue rose by 24 per cent to $2,44bn year on year, with …
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
Amazon CEO Jeff Bezos

Amazon's AWS cash machine embiggens, breezes past $2bn-a-quarter mark

Amazon has reported bumper first quarter results, with profits of $513m and sales increasing 28 per cent. In its previous quarterly results Amazon's stock took a beating after the company reported a lower than expected sales. After Thursday's results, the company was back in favor and saw its stock price rise over 10 per cent …
Iain Thomson, 28 Apr 2016
Sony Xperia Go rugged Android smartphone

Q. What's the difference between smartphones and that fad diet you all got bored of? A. Nothing

For those wondering if we've reached Peak Smartphone: global smartphone shipments saw their first ever quarterly drop, say analysts. Research house Strategy Analytics says that shipments in the first quarter of 2016 declined by three per cent over the same period in 2015. This marks the first time analysts have recorded …
Shaun Nichols, 28 Apr 2016
SanDisk Z410

SanDisk's enterprise flash sales are embiggening nicely

SanDisk enjoyed fatter revenues on an annual compare in its first quarter, driven by higher enterprise product sales. First 2016 quarter revenues of $1.37bn were three per cent up the $1.33bn recorded a year ago and, as expected, seasonally down on the final 2015 quarter’s $1.54bn by 11 per cent. There was a profit of $78m, a …
Chris Mellor, 28 Apr 2016

Samsung chuckles, swerves around Apple's Q1 phone sales crash

Samsung delivered what Apple couldn’t in the first three months of 2016 - increased smart phone sales. The chaebol today reported overall group net profit of 5.25 trillion won ($4.5bn), up 5.6 per cent for calendar Q1 on sales that grew 5.6 per cent to 49.7 trillion won ($43bn). The giant’s mobile unit reported eight per cent …
Gavin Clarke, 28 Apr 2016
Gary Kovacs, CEO of AVG. Pic: World Economic Forum

Mobile antivirus sales offset declining search revenues for AVG

The scourge of Android malware is helping to bolster the bottom line of security software firm AVG but the firm still ended up recording a slight decrease in profits. For the first quarter ending 31 March 2016, AVG posted revenues of $107.9m, compared to $102.8m in Q1 2015, a rise of five per cent. Sales from AVG’s emerging …
John Leyden, 28 Apr 2016
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Watch it Apple: time has come for cheaper rivals' strap-ons

Apple Watch started 2016 on a losing streak, ceding market share* to a range of cheaper rivals. Q1 is a hangover quarter across the entire consumer electronics sector, and particularly in wearables, which can be expected to suffer a post-Christmas slump. Strategy Analytics has estimated that Apple shipped 2.2 million in Q1 …
Andrew Orlowski, 28 Apr 2016

Smartphone growth? Not in Q1, says IDC

Prospects for handset-makers just got worse, with the smartphone market recording its worst quarterly growth ever. Remember how at the end of March, Gartner predicted a mere seven per cent smartphone growth for 2016, the first time the market hadn't managed double-digit growth? That forecast is starting to look like rose- …

Microsoft fingered for Western Euro PC tragedy

Microsoft last year effectively murdered one part of the mobile PC market that was going gangbusters - Windows with Bing (WwB) - and unsurprisingly this is now reflected in weaker sales across Western Europe. The low-cost WwB portables reached distributors by summer '14, designed to counter what was seen as a growing threat to …
Paul Kunert, 27 Apr 2016
Walking on water, image via Shutterstock

Ding-dong, reality calling: iPhone slump is not Apple's doom

The sky is not falling. This is not as bad for Apple as 2003 or 1996. But neither does Apple walk on water. For the first time in 13 years, Apple’s reported falling revenue – down 13 per in the last three months to $50.6bn. Cruelly, it was the growth engine that was winding down: iPhone sales fell for the first time in the …
Gavin Clarke, 27 Apr 2016
TwitterIPO

Honestly though, Twitter can't do anything right

Microblogging platform Twitter has disappointed investors, missing Q1 2016 revenue and user growth forecasts. Its share price has fallen 13.5 per cent in after-hours trading today to $15.35. The San Francisco company's GAAP net loss of US$79.7m was considerably better than the first quarter 2015 loss of $162.4m (and also …
DirecTV

AT&T credits DirecTV gobble for $41bn quarter

AT&T says its recent purchase of satellite provider DirecTV helped drive a 24 per cent jump in revenues. The US telco giant said that the $49bn merger was already beginning to pay dividends with its 2016 Q1 [PDF] period. "We're seeing good momentum with our initial integrated wireless, video and broadband offers," said AT&T …
Shaun Nichols, 27 Apr 2016

T-Mobile US gobbles up another 2.2m customers

For yet another quarter, "uncarrier" T‑Mobile US has shown that there is money to be made in giving customers what they want. Its revenue for Q1 2016 was up on the year-ago period to $8.6bn, beating analysts' expectations: Revenues: Up 10.6 per cent year-on-year to $8.6bn. Service revenues up 13 per cent year-on-year to $6. …
Kieren McCarthy, 26 Apr 2016

Windows patching rises

Unpatched Windows PCs are on the decline in the UK - by the end of Q1 2016, 6.1 per cent of UK consumers had unpatched Windows operating systems, compared to 11.5 per cent at the same time last year, figures from Flexera Software’s Secunia Research team indicated. The same study found Apple QuickTime users are slower to patch …
John Leyden, 26 Apr 2016
data centre

It's a good time to be in hyper-converged, eh, Pivot3?

Pivot3's had its highest-ever revenue growth rate in 2016's first quarter. The company hyperconverged appliance company bought Nexgen, an all-flash and hybrid array starup spun out of SanDisk, earlier this year, and gained $54.6m in funding. Now we see why the VCs were excited about Pivot3's prospects. Pivot3 saw a greater …
Chris Mellor, 25 Apr 2016

Veeam releases results

Virtual software firm Veeam has claimed it grew by 26 per cent in the UK and Ireland in Q1, with total customers in the region reaching 13,752. It also boasted of 24 per cent year-on-year growth in total bookings revenue. Veeam’s global customer count is up to 193,000. There was a 75 per cent year-on-year increase in total …
Chris Mellor, 25 Apr 2016
AMD CEO Lisa Su speaking at the firm's 2015 financial analyst day

Hands up, who prayed for AMD? Well, it worked

About a year ago, we asked you to pray for AMD. It's working. AMD has announced a joint venture with a Chinese manufacturer that will churn out server processors using mini-Chipzilla's technologies in the Middle Kingdom. It also said it will bank about $1.5bn from three new games console chips over the next three or four years …
Chris Williams, 22 Apr 2016
A broken cable box

Verizon is big on IoT 'cos its wireline biz is dying on the vine

Verizon says that it will focus on "developing new markets," as the telco giant was just able to keep revenues on the uptick. The US carrier said that it would be shifting a focus over towards the internet of things (IoT) and its content market in the coming months, as it looks to bolster sagging revenues in other parts of its …
Shaun Nichols, 22 Apr 2016
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When is making $20bn in three months not enough? When your name is Google

Google parent company Alphabet is feeling the heat after it failed to reach earnings targets this past quarter. The Chocolate Factory took a beating on Wall Street after it reported non-GAAP earnings of $7.50 per share in its 2016 Q1 period, which ended in March. Analysts had expected earnings of at least 7.96 per share. Here' …
Shaun Nichols, 21 Apr 2016
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Goodbye: XPoint is Intel's best exit from NAND production hell

Analysis 3D XPoint memory represents a door way to non-volatile profits for Intel and a passage away from NAND production, which is bedevilled by over-supply from costly fabrication plants with high costs. This idea starts from a simple question: how is Intel’s flash business doing? Not well, according to a financial analyst. In its …
Chris Mellor, 21 Apr 2016
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EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016

Check Point chugs on: Profits and revenues up despite volatile market

Check Point’s share price has dipped a touch after the firm reported lacklustre Q1 financial results. During the first quarter ending 31 March 2016, Check Point’s total revenues came in at $404m, compared to $373m in the first quarter of 2015, a nine per cent increase year-on-year. Its GAAP net income rose, albeit modestly. …
John Leyden, 21 Apr 2016
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The suits in finance are cutting down on tech spend – Computacenter

Some financial services institutions are taking a break from spending cash on tech, London-based supplier giant Computacenter said today as it reported a Q1 trading update. The services-based reseller revealed a four per cent year-on-year dip in UK turnover to £348.6m for the three months ended 31 March. Product sales dropped …
Paul Kunert, 21 Apr 2016
CEO Rob Beardon - Image via hortonworks

Hortonworks CEO tells El Reg: 'Clearly there's a lot of work to do'

Interview Hortonworks CEO, Rob Bearden, told The Register that “clearly there's a lot of work to do” as the business attempts to stop burning cash by the end of 2016. In an interview in The Marker hotel in Dublin, just across the River Liffey from where Hortonworks was hosting its EMEA Hadoop Summit, Bearden reaffirmed that the Santa …
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Citrix's strong Q1

Citrix's turnaround plan looks like it is working. The company reported its first quarter results today, with revenue of US$826 million representing year-on-year growth of nine per cent. Profit was $83m. Both figures exceeded expectations. No wonder the company's shares jumped 5.7 per cent on the news. “The progress we made …
Simon Sharwood, 21 Apr 2016
Man shouting the news from a rolled up newspaper

Apple delays Q2 earnings

We'll have to wait an extra day to find out how rich Apple is. Cook & Co have pushed back their scheduled earnings call a day, telling investors that Apple's Q2 2016 report will take place on April 26 at 2pm PDT, rather than the originally scheduled April 25. The delay is reportedly being made to observe a scheduled memorial …
Shaun Nichols, 20 Apr 2016
Close up of etched silicon

ARM Holdings gives the thumbs-up, reports revenue and licensing uptick

Chip designer ARM has reported revenue and profit increases in Q1, with its shares trading up despite a moody FTSE 100 this morning. Q1 2016 saw a year-on-year dollar revenue rise for ARM at 14 per cent (22 per cent in £) when its results were posted today. Pre-tax profits of £137.5m are an increase of 14 per cent year-on-year …

VMware says users run away screaming after trying OpenStack

VMware has reported a cracking first quarter for 2016, with year-on-year revenue growth of five per cent making for a US$1.59bn revenue haul for the three months to March 31st. Not everything is rosy down VMware way: compute virtualisation sales were off ten percent and revenue down one point, as expected. Licence sales ticked …
Simon Sharwood, 20 Apr 2016
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Yahoo! shows! off! for! suitors! by! diving! into! red! ink!

Yahoo! seems resigned to its fate, and says it is "pleased" with taking a $98m loss on the quarter. The Purple Palace on Tuesday recorded yet another drop in revenues and acknowledged it was making "significant progress" towards the sale of its core business. For the Q1 2016 period, ended March 31: Revenue was $1.09bn, down …
Shaun Nichols, 19 Apr 2016

Oof! Acer suffers 25 per cent hit to PC sales in turbulent Q1

Acer and Lenovo's PC sales tumbled during the first three months of 2016 as the EMEA market contracted by 10 per cent, according to Gartner. While everybody except Asus was down compared to 12 months ago, Acer was the single biggest loser. The ailing notebook maker shipped 26.4 per cent fewer PCs – 1.5m units – leaving it …
Gavin Clarke, 19 Apr 2016
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Intel preps for layoffs: Chipzilla sharpens axe for deep job cuts

Job queues in Intel’s home state of Oregon are to swell in 2016 with Chipzilla steering thousands of workers to the chopping block. So claimed local paper The Oregonian, where Chipzilla is headquartered, with the employee cull said to start after Intel reports its Q1 numbers next week. According to the loquacious sources the …
Paul Kunert, 19 Apr 2016