Articles about results

BlackBerry continues its gentle slide even as software sales embiggen

BlackBerry's Q1 FY19 revenues are down 9 per cent year-on-year, though nearly 90 per cent of that came from software and services sales. The latest quarter's software and services of $189m were up 18 per cent year-on-year, comparing to the one-time mobile behemoth's overall revenues of $213m. However, the company's net loss …
Andrew Orlowski, 22 Jun 2018
BT Tower photo via Shutterstock

BT announces Gavin Patterson to become ex-CEO

Hard pressed BT boss Gavin Patterson has agreed to leave the telco after five years in the role, with the group citing a "need for a change of leadership" following disappointing results and a flagging share price. Patterson will exit later this year, with the board having already begun a search for his successor. Last month …
Kat Hall, 8 Jun 2018
closed sign

Dixons to shutter 92 UK Carphone Warehouse shops after profit warning

Dixons Carphone is to close 92 of its 650 stores following a profit warning this morning which sent shares tumbling 20 per cent. The firm expects pre-tax profits to be £382m in its 2017/18 results out next month, but already predicts profits to fall to £300m in 2018/19. In contrast, for 2016/17 it reported profits of £501m. …
Kat Hall, 29 May 2018
he exterior of the carphone warehouse on January the 23rd, 2015, in London, England, UK. The carphone warehouse has over 3000 stores. Editorial Credit: Michaelpuche / Shutterstock.com

Hello, Dixons Carphone? Yep, we're ringing from a 2015 handset. Profits down 60%, eh?

Dixons Carphone execs handed out their numbers to world+dog today, showing profits plummeting by more than half in the firm’s half-year results. The plunge was chalked up to UK customers skipping mobile upgrades - a move that could signal further closures across its stores. Facepalm from Shutterstock Reality strikes Dixons …
Kat Hall, 13 Dec 2017
depressed_648

TalkTalk sees red after chucking £75m on restructuring bonfire

Beleaguered Brit ISP TalkTalk's half-year results have plunged into the red, reporting pre-tax losses of £75m due to major restructuring costs. Sales fell 5 per cent to £856m from £902m the year before. The firm attributed a chunk of those losses to a £31m bill in associated costs for overhauling its mobile phone business …
Kat Hall, 15 Nov 2017

What just banked $7bn in pay dirt, is stroking its big growth, and rhymes with cold sweat?

Google parent Alphabet announced on Thursday a better-than-expected quarter, driving up its share price. Its stock jumped to $1,036 apiece in after-hours trading before settling down slightly into the low four figures, up three per cent. Analysts had been expecting earnings per share to be around $8.33, but Alphabet smashed …
Iain Thomson, 26 Oct 2017
Stressed looking business person.

Maintel blames Avaya bankruptcy protection for sales hit

UK comms and networking integrator Maintel has blamed trading partner Avaya’s bankruptcy filing in the US for slowing customer demand on this side of the pond. Maintel said in preliminary half-year results that its managed services division was “negatively affected” by delays to customer installations caused by the telco …
Kat Hall, 11 Sep 2017
Older woman with shocked expression speaks on fixed line phone... photo by Shutterstock

Network and IT investment spanks Three's bottom line

UK mobile operator Three posted a drop in operating income of 15 per cent to £197m in its first-half results, due to costs associated with network and IT infrastructure investment. In a call the company said it is preparing to ramp up investment in its network to prepare for the onset of 5G technology. Total revenue for the …
Kat Hall, 3 Aug 2017
Tesla Model 3

Tesla: Revenues up, losses deepen, in start to 'exciting' 2017

Elon Musk’s ‘leccy car firm Tesla has boosted its revenues and deepened its losses, according to its latest quarterly results. Total revenues for the first quarter of fiscal year 2017 were $2.96bn, more than double the $1.15bn figure for Q1 last year. Net profits were negative, being a loss of $397m. Last year the company made …

Soaring sales, healthy fat profits... Simply not good enough, Nvidia

Nvidia continues to ride the AI hype wave, raking in $2.17bn in sales in three months – its best quarterly results yet, apparently. Jen-Hsun Huang, CEO and cofounder of the graphics chips biz, told investors and analysts on a conference call on Thursday “we’re at the beginning of an AI computing revolution.” Well, at least he' …
Katyanna Quach, 10 Feb 2017
Dido Harding, Chief Executive of TalkTalk

TalkTalk teen hacker pleads guilty as firm reveals £22m profit jump

TalkTalk has unveiled a healthy jump in post-tax profits on the same day a 17-year-old boy pleaded guilty to hacking the British telco. This morning the teenager, who because of his age cannot be named, pleaded guilty at Norwich Youth Court to seven charges under the Computer Misuse Act. He will be sentenced on 13 December, …
Gareth Corfield, 15 Nov 2016
Suitcase full of money

Akamai rides on the botnet's back to US$584 million quarter

Cloud computing security has driven a 6 per cent year-on-year revenue growth for Akamai, up from $US551 million last year to $584 million for Q3 2016. The company's third quarter financial report shows its performance and security business unit turned in $345 million in revenue, 19 per cent higher than for the same quarter in …
axe buried in tree stump CC0

Cisco raises axe above 14,000 staff – reports

Updated Cisco is rumoured to be laying off up to 14,000 staff - nearly 20 per cent of its global workforce - part of a shift toward becoming a software-focused biz. Multiple sources have told US site CRN, the cuts will hit between 9,000- 14,000 of the company's global 73,104 employees. The biz has 7,000 employees in the UK. "They …
Kat Hall, 17 Aug 2016
Asus S1

Mobile malaise drags down Asus Q2 numbers

Asus has reported a double digit slide in net income for the fourth quarter, highlighting that even overtaking Apple in the computer sales stakes is no golden ticket to world domination. The netbooks and bikinis innovator turned in Q2 net revenues of $NT93.9bn (£2.3bn), a 5 per cent slip on the same period last year, results …
Joe Fay, 12 Aug 2016
walking_fingers

TalkTalk: 9,000 broadband customers did the walk walk last quarter

UK ISP TalkTalk has confirmed 9,000 customers abandoned its broadband services in the first three months of fiscal '17 ended June – and that overall group sales were pretty much flat on the prior year period. The provider did not release the exact turnover for the period - that comes at the half way point of the year - but it …
Kat Hall, 20 Jul 2016
Microsoft CEO Satya Nadella

Microsoft Azure doubles up to $800m a quarter – and is wiped out by dying phone sales

Analysis All eyes were on Microsoft's cloud business today as it published its fourth-quarter and full-year financial results. Amid the numbers, Redmond boasted that its Azure revenues from the quarter were up 102 per cent year-on-year – we estimate the cloud service's revenue to be about $800m in total for the period. Meanwhile, …
Iain Thomson, 20 Jul 2016
US Dollars by https://www.flickr.com/photos/pictures-of-money/  https://creativecommons.org/licenses/by/2.0/ Attribution 2.0 Generic (CC BY 2.0)

Hardware sizzles for HPE – and brings home the bacon

Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise. For the three months ended 30 April (second quarter fiscal year 2016 – summary, tables [PDFs]), HPE's turnover edged up one per cent …
Paul Kunert, 25 May 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

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