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Expansion-hungry Equinix posts bumper sales

Net income at US data centre outfit Equinix jumped to $59.5m (£38m) for the company's second quarter of 2015, up from $11.3m (£7.2m) in the same period last year. Meanwhile, sales rose 10 per cent to $666m (£426m) for the three-month period. Equinix chief executive, Steve Smith, said: “This marks our 50th quarter of …
Kat Hall, 30 Jul 2015
HDD_heads

Will the PC glory days ever return, WD asks as its finances slip

Are the glory days gone for good? Will the PC market ever come back? AS WD rues the damage that declining PC disk sales have done to its revenues, that’s a question that will be exercising its product strategists as they ponder its latest results. Revenues for its fourth fiscal 2015 quarter were 14 per cent down from a year …
Chris Mellor, 30 Jul 2015
Samsung Galaxy S6

What can't sell Galaxy S6s and keeps going down on you? Samsung and its profits

Samsung Electronics's profits fell eight per cent, year on year, in its second quarter of 2015 – as sales of its Galaxy S6 failed to gain traction. Profit for the three-month period, which ran from April to June, fell to 5.75tn won ($4.9bn, £3.2bn). Profit for the mobile division fell to 2.76tn won, from 4.42tn won a year …
Kat Hall, 30 Jul 2015
BT Openreach at work

Never mind falling revenues, BT watchers, look at the footy offering

BT had a mixed quarter, buoyed up mainly by TV subscriptions - and it has taken its results announcement as an opportunity to shore up its broadband position. Revenue to for the first quarter of financial year 2016, ending June 30th, at £4.28bn, down two per cent overall. There was a six per cent drop in revenue from Global …
Simon Rockman, 30 Jul 2015
Github octodex

Git a load of this: GitHub now valued at $2 billion

GitHub has received a $250m infusion of venture-capital cash that values the code-sharing website at $2bn. That means it's worth more than ZenDesk ($1.78bn), slightly less than the New York Times ($2.17bn), and more than stricken Yelp ($1.87bn). The San Francisco-based upstart said its Series-B funding round was led by VC …
Shaun Nichols, 30 Jul 2015
facebook_shock_648

Facebook is raking in so much filthy lucre, it can't spend it fast enough

Facebook beat estimates on both revenue and earnings for the second quarter of its fiscal 2015, but investors seemed taken aback by the social network's soaring spending. The firm reported revenue of $4.04bn for the three months ending on June 30, which was up 38.9 per cent from the same period a year ago. Its earnings were …
Neil McAllister, 29 Jul 2015
Yelp search

Yelp whelps yelp 'Help!' Chairman ejects, shares plunge 30%, losses grow

Yelp is in full crisis mode as the upstart's chairman is out – and its stock continues to free fall. The reviews website, headquartered in San Francisco's startup land, announced on Wednesday that a modest $2.7m profit in the second quarter of 2014 had turned into a loss of $1.3m in the second quarter of 2015. This is despite …
Shaun Nichols, 29 Jul 2015
Caught_in_the_mud

CommVault mired in losses. Will activist investors move in?

Data management specialist CommVault could be open to activist investor activity, said an analyst, after reporting a loss and seeing yearly revenues down on Americas sales inadequacies and foreign currency headwinds. First, fiscal 2016 revenues were down nine per cent on the year, at $139.1m, and down eight per cent …
Chris Mellor, 29 Jul 2015
Champagne Not Included

Capita cracks open the bubbly after 10 per cent sales jump

This year's huge Capita spending spree boosted the company's sales by 10 per cent to £2.28bn, according to the outsourcing giant's first-half results for 2015. During that period, the outsourcer splashed a total of £279m on 11 businesses, most recently snapping up Scottish business intel outfit Barrachd. Profits before tax …
Kat Hall, 29 Jul 2015
Grand Fromages at Reggio Parmagiano

Moshe's Infinidat happy to SHOUT about its progress

Moshe Yanai's Infinidat startup, which came out of stealth in April with its InfiniBox array, is bragging about its growth. It recently revealed figures including: 300 per cent sales growth in the second quarter compared with Q1 2015 500 per cent growth in channel sales 53 per cent of global sales came through resellers …
Chris Mellor, 29 Jul 2015

Record-breaking $502m in sales, BIG LOSSES – OF COURSE IT'S TWITTER

Twitter has managed to collect over half a billion dollars - and somehow throw it all away and more even though it does nothing but run a microblabber portal. But the markets are impressed anyway. The company brought in $502m for the second quarter of its fiscal 2015, which ended on June 30. The figure represented a 60.9 per …
Neil McAllister, 28 Jul 2015
Vodafone bird box signal repeater

Vodafone sales dip, waits for fixed broadband to kick in

Sales at Vodafone dropped marginally to £10.1bn, revealed the global mobile operator's second quarter results. UK sales remained broadly the same at £1.4bn. Blighty is its second largest market after Germany, which recorded a drop in sales of 12 per cent to £1.7bn. Revenue for the company’s first six months of trading rose by …
Kat Hall, 24 Jul 2015

Unisys halts and catches fire: Mainframe builder dives into the red

Mainframe maker Unisys plunged into the red during its second quarter of 2015, posting losses of $58.2m (£37.6m). The losses quadrupled compared with its second quarter in 2014, when the biz dropped $12.1m over the three-month period. Overall revenues dropped five per cent to $765m (£494m). Nevertheless, chief exec Peter …
Kat Hall, 24 Jul 2015

Embarrassed Amazon admits to actually MAKING MONEY as cloud biz blooms

Wall Street got a nasty Q2 shock today from Amazon, which announced an unexpected profit driven largely by its cloudy AWS business. Total net sales for the three months ending on June 30 were $23.19bn, a 19.9 per cent year-on-year gain that ran right past financial analysts' estimates. But the real surprise was that the …
Neil McAllister, 23 Jul 2015
St_George_and_Dragon

Plummeting SanDisk snaps awake, pulls hard on the control stick

After a terrible first quarter of the year, SanDisk revenues continued to fall in its second quarter, which has just ended. However, profits went up sharply, giving hope that a turnaround at the wannabe enterprise flash storage supplier is under way. SanDisk_Q2_2015 SanDisk financials ... Click image to increase its size …
Chris Mellor, 23 Jul 2015
Exit sign. Pic:  Lukas Kästner

Cisco exits set-top box biz, sheds US$1.8bn of revenue

Cisco's Connected Devices Division, a purveyor of set top boxen for service providers, is off to Europe having been acquired for €550 million / US$600 million by Technicolor. The French company, formerly Thomson (as most of its customer premises equipment/set-top boxes are branded), will take on the division first created by …
A Chinese laundry on the back streets of Shanghai

Chinese IT spending with western firms goes OVER A CLIFF

US tech companies report big trouble in China, despite official data claiming strong growth in the middle kingdom. The official data has growth ticking along at 7 per cent per annum. While that's at the low end of what Beijing wants, it was still welcomed by articles like this one, in state-owned organ Xinhua, explaining “The …
Simon Sharwood, 23 Jul 2015

Dear diary. Gotta axe 15% of staff, it's like I'm cracking up – Qualcomm

Mobile chipmaker Qualcomm says it's putting its business under the microscope with an eye to restructuring after posting lackluster third-quarter results, including revenue that missed estimates. "We are making fundamental changes to position Qualcomm for improved execution, financial and operating performance," Qualcomm CEO …
Neil McAllister, 22 Jul 2015

Storage slump? Dunno what you're talking about, beams EMC

EMC basically saw off most signs of a storage slump with a two per cent revenue rise in its second quarter 2015, although with revenue being reduced after paying $75m in a VMware pricing settlement with the US government. Revenues of $5.98bn generated profits of $487m, 17 per cent down on profits a year ago, but still well …
Chris Mellor, 22 Jul 2015
Godzilla vs Kitten by https://www.flickr.com/photos/fun9us/

VMware sprawls across the data centre to post 'solid' Q2 results

VMware has posted what CEO Pat Gelsinger described as “solid” second quarter results that exceeded analysts expectations on earnings-per-share and fell over the line on the revenue growth front. The former metric was 93 cents a share, two cents higher than expected. The latter was $1.6bn, a four per cent improvement that …
Simon Sharwood, 22 Jul 2015
Stanley Kubrick's The Shining

Yahoo! reverses! reversal! FLIPS! profit! into! loss!

Yahoo! has reported a $22m loss for its second quarter, as CEO Marissa Mayer tries to buy market share off Google and Facebook. For the same period last year, the ad business booked a $270m profit, so the quarter represents a slump of nearly $300m. The loss, which Reuters briefly described as a “lower-than-expected profit” …
Scrooge McDuck

BREAKING NEWS: Apple makes money

Apple has kept up its record pace, posting a third-quarter profit of $10.67bn (£6.43bn), up 38 per cent year on year, from revenues of $49.6bn (£31.8bn). The Cupertino giant said it flogged 47.5 million iPhones in what was its best-ever third fiscal quarter performance [PDF] to date. Revenues from the three-month period to …
Shaun Nichols, 22 Jul 2015
Satya Nadella

Microsoft has RECORD quarter, in a BAD way - Sad Nad slashes phone biz

Brobdingnagian software biz Microsoft wrote down the biggest quarterly loss of its corporate history on Tuesday, reluctantly gulping down another $8.44bn of red ink - mostly associated with its train-wreck acquisition of Nokia. The latest writedown left Redmond with a net loss of $3.20bn for the three months ending on June 30 …
Neil McAllister, 21 Jul 2015
Toshiba

Toshiba CEO and execs quit over $1.2bn six-year accounting scandal

Toshiba CEO Hisao Tanaka and seven other bigwigs have quit after a probe concluded profit figures had been inflated beyond their real values. The Japanese electronics giant said in a brief statement [PDF] today that $1.2bn (£770m, 151.8bn yen) was incorrectly added to Toshiba's income-before-tax figures in the 2008 to 2014 …
Shaun Nichols, 21 Jul 2015
Job cuts jpeg

Staff at stumbling server storage supplier QLogic brace for big layoffs

QLogic, swaying in the doorway with a tatty photocopy of its lousy prelim results in hand, has warned staff they will be axed to cut costs. A couple of weeks ago, the server-storage connectivity card vendor signaled poor first fiscal 2016 quarter results were coming: sales will be up to $19m lower than the most optimistic …
Chris Mellor, 21 Jul 2015
Layout of IBM's four superconducting quantum bit device. Using a square lattice, IBM is able to detect both types of quantum errors for the first time. This is the best configuration to add more qubits to scale to larger systems. (Credit: IBM Research)

Big Blue bafflement: Anyone in IBM Storage know which way is up?

Comment IBM's storage hardware revenues continued their long-term dive, judging by the corp's latest financial results. It's getting hard to know what to say about this. IBM is supposed to be one of the best-managed corporations in the world and yet, for twenty quarters in a row, its quarterly storage revenues have declined on the …
Chris Mellor, 21 Jul 2015
Parachutists and cloud image via Shutterstock

Dancing in the fluffy white stuff ain't helping SAP's bottom line

Rampant cloud growth struggled to offset falling profits for SAP, Europe’s largest software company, during the firm’s second quarter. Post-tax profits tumbled 16 per cent to 469m euro ($508.2m) while total revenue increased by a fifth, to 4.9bn euro ($5.3bn) for SAP’s three months to June 30, 2015. Earnings per share fell 16 …
Gavin Clarke, 21 Jul 2015
Huawei HQ

Huawei claims 30 per cent growth for H1 2015/16

Huawei's core smartphone and network infrastructure units have driven the Chinese behemoth's revenue past $28bn for the first half of financial year 2015-2016. In a result that will chill the likes of Cisco, Nokia/Alcatel-Lucent and Ericsson, the company's revenues hopped on an elevator to grow 30 per cent year-on-year, and …
The Incredible Shrinking Man

What's dying on the vine and rhymes with IBM?

It was business as usual for IBM in the second quarter of its fiscal 2015 – which in Big Blue's case means it once again posted revenues that were lower than the same period a year ago. It was the thirteenth quarter in a row of which that could be said. Of course, to hear CEO Ginny Rometti tell it, it's still all part and …
Neil McAllister, 20 Jul 2015

America helps ease Ericsson's pain

Ericsson boss Hans Vestberg is breathing a sigh of relief, with America's demand for mobile broadband stabilising enough to help it beat forecasts for the second quarter. The company announced on Friday that the North American territory had finally stabilised after declining for three quarters, helping both sales and profit …
Finnish_Sauna_etching

Quantum blames wobbly storage world for its own wobbly financials

They say that when the tide goes out you can see who's been swimming naked. It's going out for Barracuda, QLogic, and Seagate, and Quantum makes four as it bares lousy preliminary Q1 numbers. Instead of the hoped-for $125 million to $135 million revenues in its first fiscal 2016 quarter, it's looking at just $111 million. This …
Chris Mellor, 17 Jul 2015

Sky still blue, above the ocean: Google still raking it in

Gigantic automated advertising machine Google has logged yet another quarter of sound results, showing that if you can get punters in the door to buy magic digital beans without ever having a paid staff member interact with them, you'll do well indeed. The Mountain View Chocolate Factory reported revenue of $17.73bn for the …
Neil McAllister, 17 Jul 2015

Pray for AMD

We were warned, but AMD's second-quarter results were still a shocking bloodbath, with revenue that missed analysts' estimates and came in even lower than the chipmaker's own revised guidance. Last week, we were cautioned to expect AMD's revenue for the period ending on June 27 to be down 8 per cent sequentially, contrary to …
Neil McAllister, 16 Jul 2015

Good for some: Greek meltdown swells Dixons Carphone's coffers

Dixons Carphone has made an auspicious start to corporate life together, judging by the first set of full-year preliminary results released today, helped by brisk trade in the UK and panic-buying in crisis-hit Greece. It seems the gods of retail are smiling on the company as it banked turnover of £9.9bn in the 13 months ended …
Paul Kunert, 16 Jul 2015
Intel headquarters, Santa Clara

Intel beats earnings estimates (because nobody expected it to earn much)

Punch-drunk Intel staggered along in the second quarter of its fiscal 2015 and somehow managed to outperform analysts' estimates, even though its results looked even worse than the previous quarter's. Total revenue for the three months that ended on June 27 was $13.2bn. And while that was better than Wall Street hoped for, it …
Neil McAllister, 15 Jul 2015
Great_Wall_of_China

China looks to gobble Micron, acquire its own RAM and flash chipper

A WSJ report says a Chinese government owned chip-maker is bidding $23 billion to buy Micron, the USA's top DRAM and flash manufacturer. The Tsinghua Unigroup is the largest fabless semiconductor business in China. It has a somewhat opaque structure. Think if it as a branch of the Chinese Communist party, run by a party …
Chris Mellor, 14 Jul 2015
Back of iPhone 5

Account at HSBC? BAD LUCK, no iPhone bonk-banking for you

British high street bank HSBC denies it has been frozen out of Apple Pay, after its customers were surprised to learn they could not join in the mass British bonk-banking bonanza earlier today. In a statement, HSBC told the Register it had always been the plan to launch at the end of July. The bank also insisted the two-week …
Kat Hall, 14 Jul 2015
Apple iPhone 6

Blighty's BONKERS BANKING BONKING BONANZA: Apple Pay arrives

Fanbois of Britain, flick your heads so your post-ironic full bottomed wigs no longer block your ears and listen! Apple Pay is launching in the UK! The bank-worrying NFC payment solution will allow fanboiyim to tap their iThings on terminals in high street shops in the UK to pay for items costing up to £20, in a manner …
Crapita logo

Never mind the redundancies as Capita splashes cash on Barrachd

Everyone's favourite outsourcer Capita has snapped up business intelligence outfit and IBM VAR Barrachd for an undisclosed pile of cash. The 38-strong Scottish biz develops bespoke BI software in the financial services, energy, and higher education sectors. Barrachd was founded in 2007 and its name means "more" in Gaelic – a …
Kat Hall, 9 Jul 2015

Symantec selling Veritas to private equity firm – report

Symantec’s soon-to-be-split-off Veritas business is destined for private equity ownership, according to Bloomberg. The buyer is said to be the Carlyle Group and it will pay something between $7bn and $8bn for a business, which has forecast $2.6bn annual revenues. It’s been noted for some time that there is no CEO identified …
Chris Mellor, 9 Jul 2015

HTC in crisis: How did it get to this point? How did it get this bad?

Analysis HTC's financial figures for its second quarter of 2015 look horrific. HTC says it lost 24 cents (or pence) for every dollar (or pound) of revenue it received. After four quarters of slender profits, the business just fell off a cliff. The Taiwanese giant's share price has halved from £146.5 ($224.63) to £68.50 ($105.03). If …
Cuts to orange

Sync 'n' sod it: EMC might be shaping up to sell Syncplicity

EMC is set to sell is Syncplicity file sync'n'share business to a private equity firm, according to a Bloomberg report. Skyview Capital LLC is the aforementioned PE biz, and it says about itself: “We specialise in acquiring and unlocking unrealised potential within market-leading businesses across a variety of sectors.” …
Chris Mellor, 7 Jul 2015