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French outsourcer Atos fattens revenues on UK public sector

French outsourcer Atos posted bumper profits int its first quarter, mainly buoyed by the UK public sector deals. Revenue rose 17.6 per cent to €2.4bn (£1.7bn), compared with the same quarter last year. The UK was the biggest market for the outsourcer, growing 15 per cent to €511m (£367m) compared with the same quarter last year …
Kat Hall, 22 Apr 2015

Yahoo! sees! profit! and! shares! fall! as! earnings! missed! - save! us! Japan!

A first quarter earnings report from Yahoo! revealed the company had missed its revenue forecast again, prompting a share price fall for the once great tech company, and increased talk of stake sales. Results for the quarter ended 31 March 2015 showed an “encouraging revenue growth of eight per cent, with display revenue growing …
Playground_slide

Whee! IBM storage hardware revenues just keep sliding and sliding

IBM's storage hardware revenue decline has continued, according to its 2015 first quarter results. IBM's earnings statement said: "Revenues from System Storage decreased eight per cent (down two per cent, adjusting for currency)." Remember, this is just the storage hardware business, ignoring storage software products, and if …
Chris Mellor, 21 Apr 2015

IBM feathers pillow with System z cash – but still losing sleep after 12 quarters of decline

IBM weathered a tough first three months of its fiscal 2015, reporting its twelfth successive quarter of year-on-year revenue declines. As has become a common refrain among tech execs, Big Blue CFO Martin Schroeter blamed some of the company's woes on unfavorable foreign exchange rates. But even correcting for currency …
Neil McAllister, 20 Apr 2015
Photo by Mike Mozart

Comcast, Time Warner Cable in crunch talks with FCC, DoJ over $42bn mega-merger

The proposed merger of Comcast and Time Warner Cable (TWC) is on the rocks, it appears. Sources close to the two companies have told The Wall Street Journal that the US Department of Justice and the FCC are not happy with the proposed business gobble, and both want to hold face-to-face talks to discuss the ins and outs of the …
Shaun Nichols, 20 Apr 2015

Seagate's third quarter results looking lacklustre as profits tumble

Seagate has reported year-on-year declines in third-quarter revenue and profit, as notebook enhancements went unnoticed. Third fiscal 2015 quarter revenues were $3.3bn, 3 per cent down on the $3.4bn recorded a year ago and 11 per cent lower than the second full-year 2015 quarter's $3.7bn. Profits were $291m, 26 per cent down on …
Chris Mellor, 20 Apr 2015
Photo of a stack of $100 bills

Slack raises $160m from investors, gets mega $2.8bn valuation

Workplace chat app Slack has confirmed it has raised $160m (£106m), valuing the company at $2.8bn (£1.9bn), according to reports. The Slack service allows employees to create and manage internal message boards for individual projects and departments. Previously the company was valued at a mere $1.2bn (£800m). In an interview …
Kat Hall, 17 Apr 2015

Sources: Coms calls on corporate financer to flog telco biz

Embattled London-listed corporation Coms plc has tasked Knight Corporate Finance with finding a buyer for its voice division – and sources tell us that time is of the essence. The business comms outfit, which split with CEO David Breith in February after a boardroom bust-up, enlisted Paul Billingham, founder at Knight, last week …
Paul Kunert, 17 Apr 2015

Remember SeaMicro? Red-ink-soaked AMD dumps it overboard

Tattered AMD says it's done with its SeaMicro server division, following a grim quarter that saw the ailing chipmaker weather losses beyond the expectations of even the gloomiest of Wall Street analysts. In guidance issued alongside AMD's earnings report for the first quarter of its fiscal 2015, CFO Devinder Kumar said the …
Neil McAllister, 16 Apr 2015
Bloody Serial Killer Shower Curtain

Bloodied SanDisk preps for job cuts after market reading mis-steps

Comment SanDisk said its Q1 numbers were going to be bad, and bad they were, with revenue and profits drops due to an embedded component material screw-up and execs not seeing where the market was going. Job cuts are coming. What’s happened is that SanDisk fell short in the enterprise market, mis-read trends, and then discovered it …
Chris Mellor, 16 Apr 2015

Talk is FINNISHed: Nokia to buy Alcatel Lucent for €15.6 billion

Nokia and Alcatel-Lucent have confirmed rumours about a possible merger by saying it will happen, as “The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent”. Each Alca-Lu share will be exchanged for 0.55 of a new Nokia …
Simon Sharwood, 15 Apr 2015

What just went down on Intel for three months? Er, PC and mobile chips

Intel announced its earnings based on its new financial reporting structure for the first time on Tuesday, but despite having lumped its ailing Mobile & Communications unit in with its PC Client business, there was no hiding that the three months ended on March 28 were a tough quarter for Chipzilla. Total revenue for the first …
Neil McAllister, 14 Apr 2015
firing range - target in cross hairs

Citrix warns it will miss Q1 earnings guidance

Citrix has announced that it will not deliver the financial results it promised the markets. “Revenue for the quarter is expected to be in the range of $755 million to $760 million, below the company's guidance of $780 million to $790 million,” says in its mea culpa preliminary Q1 results released today. “Net income for the …
Simon Sharwood, 10 Apr 2015
channel_teaser_money_top

El Reg offers you the chance to become a Master Investor – for free

Promo The Register has partnered with the Master Investor Show to give you the chance to enjoy a whole day learning how to turn your nous and cash into ... even more nous and cash. The upfront cost to you? Precisely nothing. Master Investor 2015, at London’s Business Design Centre on April 25, features a range of highly knowledgeable …
Team Register, 9 Apr 2015

Samsung and HTC: Gaze upon our EMBIGGENED numbers, pesky analysts

Cost-cutting and better-than-expected mobile shipments helped Samsung Electronics and HTC trash analysts' profit forecasts, according to both firms' unaudited Q1 data. Results from the Korean chaebol took a turn for the worse in 2014 as demand for its smartphones and tabs crashed, causing an inventory pile-up that proved costly …
Simon Rockman, 7 Apr 2015
tumbling dice

Pure Storage preps for IPO: report

Pure Storage has appointed Morgan Stanley, Goldman Sachs and Barclays Plc to ready it for an initial public offering (IPO), says Reuters. Citing people familiar with the financial footling as its source, the newswire says the company thinks the markets will toss over US$3bn in its direction some time later this year. Pure …
Intel headquarters, Santa Clara

Intel: We came here to bury our Mobile chip business, not praise it

Intel says that beginning next week it will report its quarterly earnings in a slightly different way than it has previously, in a move that shields the chipmaker's poor-performing Mobile and Communications group from direct scrutiny. On Monday, Chipzilla officially unveiled its new financial reporting structure, which combines …
Huawei HQ

Huawei bellows big revenue jump thanks to brisk 2014 phone sales

Huawei – which was backed by Britain last week despite repeated claims that the Chinese company's network kit could endanger national security – saw a 33 per cent leap in net profit for 2014. The privately held, employee-owned telecoms giant reported its full-year results this morning, when the firm's rotating CEO Ken Hu …
Kelly Fiveash, 31 Mar 2015

Life after Lord Shugs looks good, as Viglen directors' packages swell

Being a director at Viglen has become considerably more lucrative since Lord Shugs offloaded the tech supplier to Westcoast Holdings. The last standalone financials from both Viglen and sister firm XMA (the pair have been integrated) were filed at Companies House and make for remarkably boring reading, but in a good way. The …
Paul Kunert, 31 Mar 2015
hands waving dollar bills in the air

Managed services biz Claranet adds £107m to war chest

Acquisition-hungry European managed services provider Claranet has drummed up £107m in a refinancing deal. Charles Nasser, Claranet Group founder and CEO, said: “Our financing now extends to 2020 and achieves greater flexibility for us as we plan for further growth and the development of our products and services." He added: " …
Kat Hall, 31 Mar 2015

Yahoo! and! Microsoft! extend! tricky! search! deal! talks! by! 30! days!

Microsoft and Yahoo! have extended discussions about whether to remain wedded to a decade-long and at times stormy search deal that was first struck in 2009. Under the duo's 10-year pact, it was agreed that Redmond's Bing would power searches across the Purple Palace's web estate. But Yahoo!'s search advertisers have previously …
Kelly Fiveash, 29 Mar 2015
Confused computer keyboard

Did we just wake up in an alternate universe? BlackBerry turns a profit

BlackBerry actually made money in the fourth quarter of its fiscal 2015, but the bigger picture for the ailing smartphone maker is far from rosy. The Canadian firm reported net income of $28m for the three months ending on February 28, compared to a loss of $423m for the same period a year ago. As a result, it was able to post …
Neil McAllister, 27 Mar 2015

SanDisk slashes sales outlook as growth shudders to a stop

SanDisk expects the current quarter's revenues to be about $1.3bn, 14 per cent less than a year ago, with the flash business supposed to be a growth area. The execs must have been horrified when they heard. At the end of the poorly performing previous quarter it expected $1.40bn to $1.45bn, still down on the $1.51bn earned a …
Chris Mellor, 27 Mar 2015

Europe drags, as Accenture posts steady growth

Outsourcing giant Accenture posted a yearly sales increase of five per cent to $7.5bn (£5bn) for its second quarter results, highlighting its "digital" investments as a reason for the consistent growth. However, its European revenue dropped by two per cent to $2.66bn (£1.8bn). The company singled out France, Germany, Spain and …
Kat Hall, 27 Mar 2015

Light the lanterns people, Acer made a profit in 2014

A recovery of sorts is taking place at Acer with calendar 2014 P&L accounts returning to the black in a meaningful way, bringing closure to three consecutive years of losses. The latest CEO Jason Chen is steadying operations, and more conservative sales forecasts are also paying off, as Acer wasn’t forced to write down stock, …
Paul Kunert, 26 Mar 2015
Funny money from south of the river

When cash is King, mobile money means economic freedom

Last month, flipping through the pages of the Daily Nation - Kenya’s tabloid newspaper of crime, politics and corruption - I came across the story of a police officer undone by his mobile. It seems this officer - who earned the equivalent of a few hundred dollars a year - saw many times that amount pass through his hands on a …
Mark Pesce, 26 Mar 2015
Red Hat

Wall Street tips fedora to Red Hat: Sales up, profit flat, everybody dance

Red Hat's shares are on the up after the Linux distro maker beat Wall Street's expectations in its fourth financial quarter, ended February 28. The North Carolina biz reported revenues up 16 per cent during the three-month period, compared to the same period the year before, and up 17 per cent for the whole year, even accounting …
Iain Thomson, 26 Mar 2015
Android 5.0 "Lollipop"

Cyanogen finds $80m in collecting tin after busking session

Bloatware-free Android version Cyanogen has some powerful friends. The company has passed around the investors' collecting tin and come up with $80m. Those friends are Twitter Ventures, Qualcomm, Telefónica Ventures, Indonesian telco Smartfren Telecom, Index Ventures, Access Industries (the US-based industrial group headed by …
Simon Rockman, 24 Mar 2015
cake

Reseller SCC buys a slice of Fluidata

IT re-seller SCC has taken an undisclosed stake in London-based data connectivity outfit Fluidata, so as to further muscle into the infrastructure space. James Rigby, chief executive of SCC, said the investment will give the company access to the data telecoms market. "Fluidata positions SCC at the forefront of data centre …
Kat Hall, 23 Mar 2015
Ship in trouble

Standard General bids to save RadioShack from oblivion

Historic retailer RadioShack, currently under Chapter 11 bankruptcy protection, will learn its fate today, as its assets go up for auction, although its options for survival look distinctly limited. A $145.5m bid from Standard General LP, a hedge fund which is also one of RadioShack’s lenders, could save 9,000 jobs and 1,723 out …
Simon Rockman, 23 Mar 2015
Fluffy grey ragdoll cat relaxes next to laptop.

Distribution of cream among EMC executive fat cats revealed

Fancy finding out how much EMC fat cats earn? Read on. Total compensation – meaning share options, salary and bonuses – for the top execs at EMC Information Infrastructure (EMC II) in 2014 looked like this: Joe Tucci (EMC Chairman & CEO) – $11,203,318 David Goulden (EMC II CEO) – $10,531,257 Howard Elias (President & COO …
Chris Mellor, 23 Mar 2015

If you can explain what 'an API management platform' is, you too can be worth $700m

Cloud software company Apigee has filed IPO documents and plans to raise $86m on a total valuation of $700m. The San Jose-based company touts "an API management and predictive analytics platform," whatever that is, and boasts clients including eBay, Adobe, AT&T, Citrix and the BBC. Competitors include giants IBM and Oracle. The …
Kieren McCarthy, 20 Mar 2015

Ex-Autonomy chief Mike Lynch's Darktrace bags £12.6m from investors

Darktrace, the Cambridge-based cyber security company backed by the billionaire superyacht-owner Mike Lynch, has raised $18m (£12.6m) from investors. The latest funding round includes a cash injection from Invoke Capital, Lynch’s venture fund that was one of Darktrace’s first backers. It has also bagged funds from Talis Capital …
Kat Hall, 18 Mar 2015
Larry Ellison

Oracle in dollar bother – but Larry's in a fighting mood over cloudy future

Larry Ellison appears unbothered by Oracle's third-quarter revenues remaining flat at US$9.3bn, despite that sum disappointing financial analysts. Big Red revealed its recent results today, and GAAP net income for the three-month period ended February 28 was $2.5bn, down three per cent year on year, or 56 cents per share. …
Iain Thomson, 18 Mar 2015
Adobe Creative Cloud

Adobe: Flash, pah. Look, we're doing just fine in the cloud, thank you

Adobe has reported better-than-expected earnings for the first quarter of 2015 ahead of what it called are strong financial figures. The Silicon Valley stalwart reported haul of $1.11bn in revenues and earnings per share of $0.44, well ahead of analysts' $0.39 estimates. Over the quarter customers downloaded 30m apps and piled …
Shaun Nichols, 17 Mar 2015
Dyson Heater

Battery bods Sakti3 hoover up $15m from power-hungry Dyson

Dyson has pumped $15m (£10m) into US solid-state battery start-up Sakti3 as part of its plans to invest £1.5bn into "future technologies". Last year Dyson said it wanted to branch into four new portfolios of technology over the next four years. James Dyson, founder and chief engineer, said: “Sakti3 has achieved leaps in …
Kat Hall, 16 Mar 2015

Facebook shops for ads tech – snaps up product search engine TheFind

Facebook has bought Mountain View, California-based product search engine TheFind for an undisclosed sum. The outfit, founded in 2006, confirmed the takeover from Mark Zuckerberg's free content ad network in a statement on its website. TheFind claimed to have helped 1 billion shoppers track down products using its service, …
Kelly Fiveash, 14 Mar 2015
Cyanogen

Cyanogen said to be hoovering up cash, but NOT from Microsoft

Sources say Android alt-firmware outfit Cyanogen is close to closing a new round of funding, but Microsoft reportedly won't be among the investors. Bloomberg reported on Friday that Cyanogen is close to an agreement that would see it raise $110m from a group of financiers including PremjiInvest, the investment firm of Wipro …
Neil McAllister, 13 Mar 2015
Blood image

Ericsson unplugs 2,200 more staff

Ericsson's move to focus on software is to hit another 2,200 jobs in Sweden, the telco vendor has announced. The cuts focus on roles in R&D and supply, the company's statement says, but admin and sales roles will also be affected, along with external consultants. The vendor says R&D remains important, but reducing the number of …
Bloodbath!

Pathetic PC sales just cost us a BILLION dollars, cries Intel

Intel has lowered its revenue forecast for the first quarter of its fiscal 2015 by nearly a billion dollars, citing a weaker than expected PC market. While previously the chipmaker had said it expected to bring in $13.7bn (£9.21bn) during Q1, plus or minus $500m, on Thursday it revised that estimate to $12.8bn (£8.6bn), plus or …
Neil McAllister, 12 Mar 2015
iiNet actor

iiNet to be scooped up by TPG for $1.4 billion

Competition in the Australian broadband market is about to take another step backwards in favour of consolidation, with TPG announcing it's going to buy iiNet. iiNet has long been a favourite of Australia's Internet users for doing battle with "big content" over its right to take piracy cases all the way to end users. It won the …

BOXing clever: Data biz embiggens sales - then its shares slump

Box, the freemium business data sharer, saw satisfying revenue growth and controlled losses for its fiscal 2015 fourth quarter and full year, although it disappointed analysts, whose comments prompted a 17 per cent share price fall. Highlights: Q4 FY 2015 revenue was $62.6m, up 61 per cent from $38.8m a year ago Q4 FY 2015's …
Chris Mellor, 12 Mar 2015