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Seagate revenue numbers rain on cloud after market misses

+Comment Seagate has issued an early warning that its third fy2016 quarter revenue will be off by $100m from its forecast of $2.7bn. The company expects to report revenue of approximately $2.6bn and non-GAAP gross margin of approximately 23 per cent, for the quarter which ended April 1 – no, this is not a late April Fool joke. The …
Chris Mellor, 15 Apr 2016
Shopping trolley. Pic: Mikey, Flickr

Microsoft licensing giant yanked off market after sales bid fails

The sales process for Microsoft enterprise licensing house Comparex is "ongoing", the parent company has told us, denying claims from multiple industry sources it is dead in the water. The Raiffeisen Banking Group-owned reseller hired investment banker Jefferies to manage a sales process in May and by September just two …
Paul Kunert, 15 Apr 2016

Confirmed: Cisco did invest in SpringPath

When Cisco entered the hyperconverged product area with its SpringPath software-powered HyperFlex system, it had already invested money in SpringPath and gained board-level representation. Cisco VP for world-wide Data Center and Virtualization, Frank Palumbo, revealed this at a Data Centre partner meeting in Rome. The amount …
Chris Mellor, 13 Apr 2016
European commission photo via Shutterstock

EC cooking up rules change for aggressive tax avoiders

The European Commission is reported to be updating its planned rules for tackling aggressive tax planning. Brussels’ legislators are understood to be updating existing tax plans that would force companies to say where their money is held. Under the proposed rules, firms operating in EU member states with a turnover of more …
Gavin Clarke, 12 Apr 2016
Suitcase full of money

Dell infosec unit SecureWorks given $1.42bn price tag in IPO

Dell's cyber security subsidiary SecureWorks has been valued at up to $1.42bn ahead of an initial public offering. SecureWorks filed to go public in December 2015. The S-1 form placed with the United States Securities and Exchange Commission (SEC) at the time offered a $100m placeholder figure before the valuation, though this …

SAP warns: Americas slowed our 2016 start

Europe’s largest software company has warned its first-quarter results could be weaker than expected, thanks to a slow start in the Americas. SAP announced preliminary first-quarter revenue results on Friday showing continued growth in cloud but a drop in new licences for on-premises software. New software licences for its …
Gavin Clarke, 11 Apr 2016
Afraid of the dark, image via Shutterstock

Shall we? Shan't we? Nutanix inches towards IPO

Background + Comment Nutanix has filed an updated pre-IPO document indicating it could IPO sooner rather than later this year. The hyper-converged systems market, in which single scale-out products combine server compute, storage, networking and hypervisor software in one orderable entity with virtual SAN capability, is hot. In recent weeks: …
Chris Mellor, 8 Apr 2016
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Troubled Azzurri Comms offloaded to AIM-listed Maintel

AIM-listed comms and networking integrator Maintel has conditionally agreed to slurp struggling rival Azzurri Comms for £48.5m - a company that is twice its size. At the same time, the London-based Maintel confirmed it is also to place Ordinary Shares on the market at 700 pence each with the aim of generating roughly £24m to …
Paul Kunert, 8 Apr 2016
Amazon CEO Jeff Bezos

AWS to crack $10bn annual sales this year says Jeff Bezos

Amazon.com founder Jeff Bezos has penned a new letter to shareholders in which he points out that Amazon Web Services is bigger, and growing faster, than its parent company did at the same age. “This year, Amazon became the fastest company ever to reach $100 billion in annual sales,” Bezos writes. “Also this year, Amazon Web …

Intel restructures financial reporting to 'provide visibility'

Intel has announced that it's going to radically revise the segmentation it uses for financial reports. Chipzilla has announced the template here. It's got nothing to do with trying to highlight better performing segments and isolate its flatlining PC processor segment, really. It's all about providing “visibility into the …
Doctor Who – The Zygon Invasion. Pic credit: BBC

The BBC flashes £560m ICT deal at hungry tech suppliers

The BBC has once again opened its wallet and is enticing suppliers to bid for a £560m ICT and hosting contract – part of its plans to replace its mega £2bn Atos contract. Over the next eight years it expects to splash between £400m and £560m on the deal, via a "single contracting entity" for end user compute services, hosting …
Kat Hall, 5 Apr 2016

Salesforce acquires AI startup MetaMind

Salesforce.com has confirmed it has acquired AI startup MetaMind on undisclosed terms. MetaMind focuses on developing deep learning technology "to simplify, improve and automate decision making" for businesses. It was founded by Richard Socher in mid 2014, following a PhD at Stanford. Socher now describes himself as Chief …

Nutanix cracks its first $100m quarter

Nutanix has cracked US$100m in quarterly revenue for the first time. The magic number - $102,697,000 to be precise, emerged in amended pre-float documentation it has lodged with the United States Securities and Exchange Commission. The amended Form S-1 now includes the quarter to January 31st, 2016. That quarter was a beauty …
China

Sanctions-slapped Chinese telecoms vendor ZTE swaps execs

Chinese telecoms vendor ZTE is overhauling its management board just one month after the biz was slapped with sanctions by the US government over accusations it had violated trade rules in Iran. The company today confirmed it will meet this week to install a new team, following revelations in the Wall Street Journal over the …
Kat Hall, 4 Apr 2016

BlackBerry's still losing millions – but hit its revenue target, finally

BlackBerry has hit its target of earning half a billion dollars in software and services revenue over a full fiscal year, thanks to the acquisition of long time rival Good Technology as well as BB's patent revenue. The Canadian firm still has some way to go to being profitable, though, and the old phone business doesn’t seem …
Mammatus clouds by Craig Linsday, CC 3.0 licence

Huawei on bumper results: We owe growth to ginormous ICT market

Chinese telco Huawei posted bumper sales and profits for its full-year 2015, with revenue up 37 per cent to 395bn Chinese yuan (£42bn) and a net profit increase of 33 per cent to in annual revenue worldwide. Its traditional kit-building biz contributed the lion's share of sales, up 21 per cent to ¥232.3bn (£25bn). The company …
Kat Hall, 1 Apr 2016
IBM Headquarters, Armonk, NY

IBM snaps up small Bluewolf for reported $200m

IBM is set to buy its second CRM-as-a-service business this month, announcing the imminent acquisition of Bluewolf, a Salesforce partner, for a reported £200m. Bluewolf will join IBM's Interactive Experience (iX) arm, to provide Big Blue with Salesforcesque offerings in its customer relationship management. iX is an IBM …

Sphere 3D keeps business ship afloat atop sea of red ink

+Comment Overland Storage's – oops, sorry – Sphere 3D's ability to walk on water, otherwise known as floating on red ink, continues unabated with its fourth quarter and full calendar year 2015 results. Tape and disk data protection vendor Overland Storage was bought by Sphere 3D in December 2014. Much has been made of its Glassware …
Chris Mellor, 1 Apr 2016
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Michael Dell takes $11m pay hit

Michael Dell has taken an $11m (£7.7m) pay cut ahead of the company's $67bn gobble of EMC, according to a filing to US regulator the Securities and Exchange Commission. In January 2016, Michael Dell took home a total package of $2.4m - which included his salary of $950,000. The last available compensation table for Dell's top …
Kat Hall, 31 Mar 2016
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Cloudera's valuation slashed by Fidelity amid IPO fail fears

Cloudera's estimated valuation was slashed 38 per cent by major capital player Fidelity Investments, reports have said, as Wall Street grows very cool on unicorn public offerings. Fidelity aired its concerns about a potential "startup bubble" by marking down its assessment of privately held Cloudera, monthly holding reports …

Foxconn pays £2.5bn to swallow Sharp in cut-price takeover deal

Chinese iPhone assembler Foxconn is to swallow Japanese monitor biz Sharp for ¥389bn (£2.5bn) – around £625m less than it had previously been willing to cough up. Under the terms of the deal, Foxconn's daddy Hon Hai will gain a controlling stake of 66 per cent in Sharp. The takeover beat a proposal by the Japanese government …
Kat Hall, 30 Mar 2016
Cat lies exhausted in front of a sandwich board advertising an internet cafe, with all manner of tech companies' branding plastered all over it: Google, Yahoo, Facebook, MSN , Skype, ,Opera, Ventrilo, Twitter, MIRC!!!

Top! tip! for! Yahoo! – 'Fire! your! board! of! directors!'

The activist investor firm who first pushed for the sale of Yahoo!'s core search business now wants to oust its board of directors. Starboard Value says that it wants to replace all nine directors at the Purple Palace with its own group of nine execs, who will make a "significant change" at the ailing search and advertising …
Shaun Nichols, 24 Mar 2016
Railway line split. Pic: Ian Sane

Wobbly Acer goes two-legged to steady itself

Acer is to split into two in an effort to stabilize an uncertain recovery. The company will move its "core business" of PCs, servers, tablets and monitors under one umbrella and its "new business" of cloud services, smartphones and wearable devices under another. The restructuring is the same as we outlined earlier this week …
Kieren McCarthy, 24 Mar 2016

HPE, Microsoft throw readies at fat $73.5m Mesosphere funding round

In Brief The snuggles between Hewlett Packard Enterprise (HPE) and Microsoft continue; this time with the companies getting in on the Series C funding round of cluster management startup Mesosphere. Mesosphere has managed to raise $73.5m in its Series C funding round, it announced today, bringing its total funding to just under $126m …
Giant Red Hat shadowman logo in field, with message, "Calling all enterprisers"

Enterprise revenues power Red Hat past $2bn barrier

Red Hat is in the enviable position of having become the first open-source firm to break the $2bn revenue barrier. The Linux spinner has reported full-year revenue $2.05bn, an increase of 14 per cent from subscriptions, training and services. Net income was up 10 per cent to $199m. For its fourth quarter Red Hat reported $ …
Gavin Clarke, 23 Mar 2016

More VC dosh, vicar? Moneymen hand Slack-a-like biz Domo $131m

Venture capitalists have poured $131m of fresh funding into a Slack-like collaboration startup, Domo. Domo, founded in 2010, secured the money in a top-up to an existing Series D funding round from a tranche of its existing backers plus newbie Credit Suisse. That existing round was for $200m and took place in April 2015. …
Gavin Clarke, 23 Mar 2016
Still from Boston Dynamics video (Robotic mule runs through the forest)

Google tries to run from flailing robotics arm

Google's parent company Alphabet is fixing to flog its money-munching robotics arm, Boston Dynamics, which it only bought three years ago. Executives at Alphabet reckon that military robotics tech firm Boston Dynamics is unlikely to produce any real revenue in the next few years, reported Bloomberg, and as such has quietly put …
Apple iPod touch

Apple's largest UK reseller Jigsaw24 is for sale

The UK’s largest Apple reseller, Jigsaw24, is for sale, multiple industry contacts have told The Channel. The Nottingham-based B2B seller has hired Deloitte to run the process, a move that comes just three years after private equity outfit NorthEdge Capital (NEC) moved in to back a roll up by the management team. In recent …
Paul Kunert, 18 Mar 2016
IBM PC 5150

IBM buys CRM SaaS firm – no, not Salesforce

IBM has snapped up an as-a-service CRM expert and, no, it has nothing to do with Salesfore. The giant has bought Microsoft Dynamics systems integrator partner Optevia for an undisclosed sum in a deal announced Friday morning. UK-based Optevia will be folded into IBM Global Business Services, which is seeing staff axed as part …
Gavin Clarke, 18 Mar 2016

Your 30 second guide to the past three months on Planet Adobe: Talk about sitting on cloud 9

Adobe is crediting a surge in cloud services with helping to drive its best financial Q1 take ever. The Silicon Valley software giant said that its Creative Cloud and Marketing Cloud services recorded strong growth on the quarter and spurred the company to increase its revenue target for the year. For the three months [PDF] …
Shaun Nichols, 17 Mar 2016

UK tech supplier Softcat shows off fuller figures

Mid-market reselling monster Softcat is still piling on the pounds after adding hundreds of new punters and squeezing more out of existing ones. But the tech supplier agrees with Chancellor Osborne - storm clouds are gathering over the UK economy. At the half-way stage of fiscal ’16 ended 31 January, turnover at the Marlow- …
Paul Kunert, 17 Mar 2016
George Osborne, photo: HM Treasury

Osbo slaps down Amazon and eBay – who'll be liable for traders evading VAT

Budget UK Chancellor George Osborne has said today the government will make online marketplaces such as Amazon and eBay liable for traders evading VAT in the UK - in his 2016 budget which outlined a swathe of tax cuts. The growing number of sellers based outside Europe and sell goods online without having a registered VAT number …
Kat Hall, 16 Mar 2016

Oracle made slightly less money last quarter, and America is to blame

Oracle is blaming a strong dollar in cutting into its Q3 fiscal 2016 numbers. The enterprise giant reported [PDF] a three per cent decline in revenues and a 14 per cent drop in net income on the year-ago quarter, but said that when adjusted for constant currency, revenues would have been up one per cent and income down just …
Shaun Nichols, 15 Mar 2016
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Judging by these numbers, Dell can't wait for EMC to turn up and unload its storage

Dell's storage revenues are declining while its servers and networking figures increase. Of course, when Dell buys EMC, that'll sort out Dell's storage numbers. The figures were revealed in a filing submitted by Dell to US financial watchdog the SEC on March 11. The dossier includes revenues for its Enterprise Systems Group ( …
Chris Mellor, 15 Mar 2016
Michael Dell, photo: Dell

Private Dell mostly makes PCs – and its sales of those are down

Dell isn’t exactly in rude financial health as it marches ever closer to the $60bn+ acquisition of EMC – at least, judging by P&L accounts the privately-held Texan tech firm filed with the US SEC. The mammoth Form s-4 is supposed to paint a painfully honest picture of the businesses current position and the potential risks of …
Paul Kunert, 15 Mar 2016
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Four crucial deals to pluck Violin Memory away from the trash can

Analysis During the Violin Memory quarterly results earnings call on Thursday, CEO Kevin DeNuccio talked about his company's strategic review with investment banker Jefferies LLC. The review "included both inbound and outbound inquiries of over 40 companies" that might benefit from using or selling "the technology and value proposition …
Chris Mellor, 11 Mar 2016

Crap IT means stats crew don't really know how UK economy's doing

Clunky IT systems at the Office for National Statistics (ONS) have contributed to inaccurate reporting of economic growth, according to an independent review of UK economic statistics. The report (PDF), by Professor Sir Charles Bean of the London School of Economics, said the ONS's current technology estate "is in dire need of …
Kat Hall, 11 Mar 2016

Computacenter eyes investment plans for growing cash mountain

Computacenter's centre of gravity shifted eastwards in 2015, as the mega reseller’s German operation fired on all cylinders while its UK box-shifting business sputtered. At the same time, its CEO and chairman both seemed to suggested it could be looking even further afield as it ponders what to do with its enormous cash pile …
Joe Fay, 11 Mar 2016
Violin

Violin Memory axes quarter of its staff after finances hit a bum note

Violin Memory has become a sub-$50-million-run-rate company with its latest loss-making quarter, and announced a 25 per cent head count cut in a restructuring exercise. The beleaguered all-flash array company saw revenues in its fourth fiscal 2016 quarter, ended Jan 31, of just $10.9m, the lowest amount in more than three …
Chris Mellor, 10 Mar 2016

Systemax bleeds cash, reports $100m net loss for 2015

The cost of exiting its North America reseller biz propelled Systemax’s net losses to nearly $100m in calendar 2015 - but European ops might just be finally showing some signs of recovery. The supplier, in the midst of a turnaround strategy, offloaded the Technology Group reseller biz in December to PCM for $14m but then …
Paul Kunert, 9 Mar 2016

Looking behind HPE Storage's top-line revenue numbers

Analysis HPE’s traditional storage declined faster in the first 2016 quarter than the newer converged storage revenues rose. Hence the storage segment in HPE’s Enterprise Group was down three per cent year-on-year to $810mn, from $837m. It was also down sequentially, quarter-on-quarter, from $810m in the fourth 2015 quarter. In …
Chris Mellor, 7 Mar 2016
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Pretty, Nimble, but these financials just aren't nimble enough

Nimble Storage’s revenues rose to $90.1m in its fourth fiscal 2016 quarter but its losses deepened, to $32.4m, counter-balancing that good news. Overall revenues didn’t rise enough to assuage investors' concerns about future profitability. The company has fixed the big hole in its product line with the release of an all-flash …
Chris Mellor, 4 Mar 2016