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Big data = big loss for Hadoop-flinger Hortonworks

If the future of big data is Hadoop, those peddling it still have a long journey ahead of the them. Newly IPO'd Hortonworks' inaugural results show a company whose losses are growing as its business expands. Further, it’s not subscriptions to Hortonworks’ implementation of the open-source Hadoop that are growing most – it is …
Gavin Clarke, 25 Feb 2015
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Sales of HP notebooks and servers are UP! And that's all the good news

HP kicked off its fiscal 2015 with a disappointing first quarter, reporting revenue and earnings both down for the three months ending on January 31, as compared to the year-ago period. Total revenues for the quarter were $26.84bn, a 4.7 per cent year-on-year decline that underperformed analysts' estimates. The firm's net …
Neil McAllister, 24 Feb 2015
Columns of coins in the cloud

Deutsche Bank pens cloudy infrastructure deal with HP

Fat outsourcing contracts are relatively few and far between these days, so HP’s 10-year, multi-billion dollar global win with Deutsche Bank is a welcome shot in the arm for its declining Enterprise Services division. The deal was signed before Chrimbo – we asked HP for comment at the time but it refused to talk – but it went …
Paul Kunert, 24 Feb 2015
Beer taps at a pub. Via http://www.freeimages.com/

Last round, folks: Dell 'n' pals pull out wallets as Nexenta preps for IPO

Nexenta is clearly keen to be top dog of the software-defined storage world. After reportedly experiencing 100 per cent year-on-year growth from 2013 to 2014, Nexenta says it is gearing up for an IPO in the next 18 months or so – with channel and geographic expansion and a final funding round coming. Nexenta says it has reached …
Chris Mellor, 23 Feb 2015

Ailing Calyx Managed Services flogged to MXC Capital for £9m

Private equity fund Better Capital has offloaded troubled Calyx Managed Services to tech investment and advisory house MXC Capital for £9m in what signifies a likely break-up of the biz. VC veteran Jon Moulton’s Calyx MS came on the market before Christmas, with corporate financier Rickitt Mitchell & Partners distributing an …
Paul Kunert, 23 Feb 2015

Brocade's IP strategy stutters in flat first quarter

A recovery in storage area networking product revenues has offset sliding IP networking sales to give Brocade a first quarter 2015 revenue result of US$576m, up two per cent quarter-on-quarter and the same amount year-on-year. Although flat year-on-year at at US$353m, the SAN segment swelled nine per cent in Q1 2015, reversing a …

'NSA, GCHQ-ransacked' SIM maker Gemalto takes a $500m stock hit

The world's biggest SIM card manufacturer, Gemalto, revealed yesterday to have been hacked by the NSA and GCHQ, has taken a $470m hit in its stock price. Gemalto was caught unawares by the revelation that the US and UK intelligence agencies had compromised its systems, and stole potentially millions of SIM card keys used to …
John Leyden, 20 Feb 2015

UK public sector biz keeps French giant Atos buoyant

Sales at French outsourcing giant Atos rose 5.1 per cent to €9.1bn (£5.9bn) for its full-year 2014, buoyed by UK public sector spend. Net income was €283m (£183m), up a respectable nine per cent from the previous year. However, the firm said when currency exchange was taken into account, sales dropped 1.1 per cent on last year …
Kat Hall, 19 Feb 2015
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Rackspace posts double-digit jump in sales and profits

Cloud purveyor Rackspace clocked up sales of $1.79bn (£1.16bn) for its full-year 2014, a 17 per cent increase on 2013, while net income rose 28 per cent to $110m (£73.1m). Fourth-quarter net income at the cloudy firm was particularly strong, increasing 80 per cent to $37m (£24m) on revenue up 16 per cent to $472m (£306m). But …
Kat Hall, 18 Feb 2015
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Vodafone didn't have a £6bn tax bill. Sort yourselves out, Lefties

Worstall on Wednesday I find myself watching current politics completely open-mouthed in amazement. The number of what are, if we are to be unkind about it, simply outright lies that have become common truths astonishes me. I refer, of course, to the latest revelations of the tax affairs of the nation. The latest round is those revelations from HSBC' …
Tim Worstall, 18 Feb 2015

Channel on track: British tech insolvencies fall to seven-year low

It is official: 2014 numbers for corporate deaths in the Brit tech channel have slumped to a seven-year low, figures from credit reference agency Graydon UK confirm. Some 48 local suppliers went under in Q4, taking the tally of insolvencies for the 12 months to 198 versus 293 in 2013 – annual levels not seen since prior the …
Paul Kunert, 16 Feb 2015

Virgin Media to splurge BEELLIONS on UK network infrastructure expansion

Virgin Media temporarily pushed BT's shares down more than 2 per cent on Friday, after it announced a juicy £3bn cash injection into Britain's internet infrastructure. The cable company, which was bought by John Malone's Liberty Global roughly 18 months ago, promised to bring broadband speeds of 152 Mbps to four million more …
Kelly Fiveash, 16 Feb 2015

Google founders to offload $4 BEEELLION in shares

Google founders Sergey Brin and Larry Page are about to offload millions of shares that will net each billions in cash. Don't panic, dear readers, at the prospect of Google's share price (and the balance of your pension fund) diving: the pair are offloading their holdings in line with an amended stock trading plan that is …
Simon Sharwood, 16 Feb 2015
Photo of Kermit the Frog at NASA

It's not easy being Green. But WHY insist we knit our own ties?

Worstall @ the Weekend Following on from last week's approbation of one Green Party policy, it is possibly time for me to get off my chest an issue over the policy general of said greenery luvvies that really, really, bugs me. Specifically, it is this idea that we should rely upon markets less and do more things "for ourselves". As I'll explain, from …
Tim Worstall, 15 Feb 2015
Stock ticker board

Acer: We're still a thing! We're still alive. And we are touting 300M shares

Acer wants to become a "hardware + software + services" biz – and issued 300 million shares on the Taiwanese Stock Exchange to fund this strategy and pay down debts. It’s been a challenging couple of years for Acer: a returning demand for PCs will help relieve the pain, although all the crystal ball strokers from Gartner to IDC …
Paul Kunert, 13 Feb 2015
Microsoft Surface Pro 3

Microsoft loves Surface pen maker N-trig so much it bought it – report

Microsoft has reportedly gobbled up N-trig, makers of digital pen technology for PCs and tablets, for an undisclosed sum. The sale of the Kfar Saba, Israel–based firm was reported by the Israeli business daily Globes, citing sources who valued the deal at around $200m. N-trig makes the pen tech for Microsoft's Surface Pro 3 …
Neil McAllister, 12 Feb 2015
Tesla Model X e-SUV dashboard

Tesla loses $100 million after Chinese problems

Elon Musk was expecting it, but a little trouble in big China has hit Tesla's bottom line hard. The company lost $107.6m in Q4 2014, up from a loss of $74.7m for the previous quarter. Musk blames this on a weak market in China and delays with getting the new P85D to customers “We built 11,627 vehicles in Q4, thus achieving our …
Simon Rockman, 12 Feb 2015

Insight Enterprises grits teeth as cloudy payoff remains elusive

A biting currency headwind and Microsoft licensing fee changes slapped Insight Enterprises’ respective top and bottom lines in calendar Q4 as it waited for services investments to pay dividends. The global reseller last night reported revenues of $1.45bn for the quarter, up four per cent year-on-year – but it could have been …
Paul Kunert, 12 Feb 2015

What goes up but must come down? NetApp's customer invoices

Analysis Decline is setting in: NetApp's revenues are showing a distinctive downturn – and the latest quarterly numbers confirm the trend. Sales in the third quarter of 2015, which finished January 23, added up to US$1.55bn, which was 3.73 per cent down on the year-ago quarter's US$1.61bn. It was just half a per cent higher than Q2's $1 …
Chris Mellor, 12 Feb 2015

Whose GPUs let it cruise to record revenues? Nvidia, that's who!

Nvidia performed better than expected for the fourth quarter of its fiscal 2015 and for the year, with strong graphics processor sales buoyed by its swiftly growing application processor business. The chipmaker reported fourth quarter earnings of $0.43 per diluted share on record revenues of $1.25bn, both of which beat Wall …
Neil McAllister, 12 Feb 2015
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Telstra posts first half-year AUD$2 BEEELLION profit

Australia's dominant telco, Telstra, has posted sterling half-year results. Income for the period to December 31st, 2014, was up 1.6 per cent to AUD$13.0 billion and earnings per share increased 23.4 per cent to 16.9 cents. Speaking of those shares, they're now at around $6.50 apiece, a price not seen since the early 2000s when …
Simon Sharwood, 12 Feb 2015
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco hits the disco as unified comms, wireless sales are lookin' frisk, yo

Just watch that elephant dance: Cisco believes it's managed something Silicon Valley startups often die trying to do, “pivoting” the business to reverse a downward trend. CEO John Chambers sounded cat-swallowed-cream pleased during The Borg's Q2 2015 results call, and investors agreed, adding five per cent to the company's share …

Chip giant TSMC, flush with record sales, plans $16bn fab build-out

Taiwan Semiconductor Manufacturing Company (TSMC) reported sales for January 2015 that were the highest of any single month in its history, amid rising demand for silicon for graphics and mobile computing. TSMC said [PDF] on Tuesday that its net revenues for January hit $2.76bn in US dollars – a company record and a whopping 69. …
Neil McAllister, 11 Feb 2015

UK chip champ ARM flexes muscle: Shows strong profit and sales

UK processor core design biz ARM today posted double-digit profit and turnover growth for its full-year results 2014, with the company reporting a "record" number of licences signed in its fourth quarter. Profits rose 13 per cent to £411.3m at the Cambridge-based group, on revenue up 16 per cent to £795m for the year ended 31 …
Kat Hall, 11 Feb 2015

Not just Imation's imagination: That sinking feeling is real

+Comment Imation has turned in another quarter of revenue decline and losses and a full year of shrinking revenues. Its management is talking about strategic options and unlocking value with a financial advisor – which sometimes means selling off non-performing assets, though we couldn't say it does in this case. Let's get the numbers …
Chris Mellor, 10 Feb 2015

Sales slip at fine-hit CSC after firm escapes from the NHS

Sales at US computer giant CSC dropped 8.7 per cent to $2.95bn (£1.9bn) for its third quarter - around $150m (£98.6m) below what the company had hoped. The company also recorded an income loss of $313m (£206m) for the third quarter, which was affected by pre-tax pension-related charges of $462m (£303m) and a $195m (£128m) charge …
Kat Hall, 10 Feb 2015
Bang by Guian Bolisay

Meru Networks CEO: 2014 was a year of Cs & Ds

Business went from bad to worse for troubled WLAN maker Meru Networks in calendar 2014: losses widened and sales shrunk, paving the way for a fresh round of workforce throttling. The NASDAQ-listed firm warned the view from its deck wasn’t pretty in Q4 prelims released a month ago, and it wasn’t wrong – turnover crashed 28 per …
Paul Kunert, 10 Feb 2015
Shop Direct Skyways House entrance

IBM cuts down Amazon with cloudy 10-year ShopDirect deal

IBM has landed a 10-year cloud and services contract with one of the UK’s biggest and most aggressive privately held firms. Shop Direct, the firm behind Very.co.uk and owner of the Littlewoods brand, will use IBM’s SoftLayer cloud. Financial terms of the contract were not revealed. Andy Wolfe, Shop Direct CIO, told The Reg …
Gavin Clarke, 9 Feb 2015
Crop of doctor with pen and clipboard

Capita lands spot on mega £5bn NHS commissioning deal

Outsourcing giant Capita is one of three major companies to be awarded a place on the £5bn Lead Provider Framework for Commissioning Support Services. Clinical Commissioning Groups (CCGs) will be required to re-procure many of their support services by April 2016 in order to comply with EU procurement law, which NHS England …
Kat Hall, 9 Feb 2015
ARMteaser

ARM grabs Dutch 'SSL of Things' biz Offspark

ARM has strengthened its security portfolio by buying Offspark, the company whose PolarSSL secure communications is widely used in Internet of Things devices. The purchase is not about organic growth for ARM, while the company isn’t giving out a figure for the value of purchase, a spokesman told El Reg it was well below anything …
Simon Rockman, 9 Feb 2015
Hitachi Ultrastar A7K2000

Hitachi's storage revenues: Not brilliant, but high-end gear helped – analyst

Analysis Hitachi pulled in more storage revenues in the last 2014 quarter than in its previous and year ago quarters, at least in local currency, but its mid-range was weak – implying its high-end Virtual Storage Platform (VSP) arrays did the business, says an analyst. Hitachi owns HDS, which sells Hitachi storage in every territory …
Chris Mellor, 9 Feb 2015
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Computacenter will NOT replace UK MD Muller

Computacenter will not appoint a director replacement for UK managing director Neil Muller, who left at the end of last month to become CEO of now privately owned Daisy Group. This weekend, colourful CEO Mike Norris told 700 staff at the services-based reseller’s 2015 sales conference that his former general’s duties will be …
Paul Kunert, 7 Feb 2015

Symantec sees profits crash ahead of corporate divorce

Symantec’s latest financials bear all the hallmarks of a business whose dramatic bisection is causing some uncertainty for customers and channel partners. A cleaver will be driven through the security and storage business by the end of this year to create two separate publicly traded entities. The groundwork for this is well …
Paul Kunert, 6 Feb 2015

Hey biz – cut fraud with digital ID verification. Yes, like Verify – Maude

Building identity (ID) assurance systems into "customer registration processes" could help businesses cut the cost of fraud, a UK government minister has said. Francis Maude said the Cabinet Office is working with "like-minded organisations" to look into the potential for ID assurance services to be used more extensively in the …
OUT-LAW.COM, 6 Feb 2015
TwitterIPO

Has the world reached PEAK TWIT? Supplies of new Twitter users are drying up

Twitter finished off fiscal 2014 with a ripper fourth quarter in many senses, during which it doubled sales from the previous year - but the microblurt-based ads site gained fewer users than some investors hoped for. On Thursday, Twitter reported revenues of $479m for the three months ending on December 31, a 97.4 per cent gain …

Microsoft's Nadella: Congratulations on 12 months of not being Steve Ballmer

It’s Satya Nadella’s first year as chief executive of the world’s largest software company. What has happened during that time? My Reg colleague Neil McAllister listed the notable developments here earlier today. Over the past 12 months, we've seen Windows 10 as a preview; Office for iOS, Android and even HoloLens; a new …
Gavin Clarke, 5 Feb 2015

Sony Pictures claims 'Nork mega-hack attack' cost it just $15 million

The financial cost of the hacking attack that plagued Sony Pictures Entertainment last year was just a drop in the bucket compared to the movie studio's revenues for the quarter, the Japanese giant has said. In its third-quarter earnings forecast for the three months ending on December 31, Sony pegged the price of the security …
Sky 3D football

Sky bathes in cash - then adds FIVE BEELLLION to its debt mountain

Sky is successfully unbundling itself, or so it seems, and trying to fight off the twin assaults of telco giant BT breaking its live football stronghold in the UK and the emergence of over-the-top players such as Netflix. For the period covering the six months ended 31 December, the company formerly known as "BSkyB" had an …

Red-spattered Android figures sinkhole Sony's healthy financials

Santa was kind to Sony, with sales and profits rising in the final trading quarter of 2014. However, although the Japanese giant shipped 12 million phones in the period the mobile unit still weighs the group down, and further losses are expected as Sony withdraws from the Chinese mobile market. Sony's movie division also had a …

Arrow Electronics buys Computacenter tech disposal biz for £56m

It may be cold outside, but Computacenter (CC) investors have got a warm glow this morning – they are to receive a £100m windfall, partly financed by the sale of the tech disposal and asset recovery biz. The London-listed tech supplier last night revealed to the City the sale of RD Trading (RDC) for £56m in cash to the UK arm of …
Paul Kunert, 3 Feb 2015
RadioShack

Bankruptcy could see RadioShack close doors for good – report

Struggling electronics retailer RadioShack may not emerge from bankruptcy intact after all, sources claim. On Monday, Bloomberg reported that the cash-strapped firm may be preparing to cease all retail operations, citing anonymous sources familiar with the company's plans. Earlier reports suggested RadioShack was in talks to …
Money

Obama's budget packs HUGE tax breaks for poor widdle tech giants

President Obama's budget for 2016 includes a whopping tax break that US tech giants have been demanding – because it will let them bring trillions of dollars held in offshore accounts to America without running up huge bills. Under today's tax code, companies that earn money overseas must pay 35 per cent to Uncle Sam if they …
Iain Thomson, 3 Feb 2015