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Vittorio Colao (CEO)

Brexit-fearing Vodafone: Of course we’ll make money from 4G

Vodafone has announced steady-as-she-goes results for the year to 31 March 2015, with group revenue up 10.1 per cent to £42.2bn, and the first increase in service revenue for ten quarters (albeit only 0.1 per cent) — all pretty much in line with what the company had forecast. Emerging markets saw a six per cent increase, …
Simon Rockman, 20 May 2015
Navteq vehicle in Oxford

Baidu now backing Uber's bid for Nokia maps

Less than two weeks after Uber kicked off the bidding war for Nokia's HERE maps unit, the price has escalated and the rumoured alliances have shifted. When the car-hire-app company's interest first emerged via the New York Times, the industry's deep throats reckoned Chinese Web outfit Baidu was bidding with the big three of …

Arista revenue rises to US$179 million in March quarter

Arista Networks has reported continuing growth, taking its revenue to US$179 million, but at the cost of a slimming of its margins to 65.8 per cent (down from 69.4 per cent a year ago). The revenue growth was strong at nearly 53 per cent higher than a year ago, but it slowed at the end of the period and was only 3.2 per cent up …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Symantec: Look at our Q4 numbers ... no, not those ones

The road to separation continues to be anything but smooth for Symantec’s security operation, particularly on the consumer front, as it again suffered from sales shrinkage, unlike the breakaway storage biz. In the last set of full year numbers from the firm, sales fell three per cent to $6.5bn, including a four per cent slip in …
Paul Kunert, 15 May 2015
The Black Knight, defeated

Merged Sphere 3D merrily continues Overland's loss trend

Sphere 3D, now replete with the fruits of its Overland Storage merger, has carried on Overland's history of declining revenues and constant losses. We thought we might have had to undergo a mental reset for a moment. Canadian application virtualisation software hawker Sphere 3D took over/merged with Overland recently and this …
Chris Mellor, 14 May 2015
Jump for joy. Pic: Kate Palana

Free at last! Flogging off O2 fattens Telefonica’s financials

Spanish telco Telefonica bounced back to growth in its first-quarter results — thanks in part to the sale of its UK outfit O2 — increasing sales by 12.6 per cent to €11.5bn (£8.3bn) compared with the same period last year. Net earnings in the three months to March reached €1.8bn (£1.3bn), up from €688m (£498m) in 2014. César …
Kat Hall, 14 May 2015
Dido Harding, Chief Executive of TalkTalk

TalkTalk unveils best results ever – and its share price dips

TalkTalk's share price dropped two per cent after it delivered its best ever quarterly financial results, for the end of 2014. The company posted revenue in the 12 months to 31 March 2015 of £1.8bn, up 4.2 per cent on the previous year, and profit of £76m, up 24.6 per cent, helped by improved efficiency. Unusually for TalkTalk …
Simon Rockman, 14 May 2015
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco CEO John Chambers' parting gift: a better-than-expected Q3

Outgoing Cisco boss John Chambers is smiling after delivering an April quarter that's 5.1 per cent up over the April 2014 quarter in turnover and 11.7 per cent up in profit. The result would have been even better, but for ongoing weakness in the service provider market (down 7 per cent). The enterprise, public sector and …
Hadoop

Quarterly losses double at Hadoop hawker Hortonworks

Open source Hadoop purveyor Hortonworks doubled its quarter-on-quarter net losses in the first quarter of 2015 to a loss of $40m (£25m). Meanwhile, revenue rose 167 per cent to $22.8m (£14.5m). For its full-year, the company estimates a net loss of between $78m (£50m) and $84m (£54m). In its previous full-year results, it …
Kat Hall, 13 May 2015

US titans roll out the numbers... wow, reselling is a tough game

Calendar Q1 numbers are out for shape-shifting resellers Insight Enterprises and Systemax, with the former reporting flat sales and profits but the latter faring much, much worse. Both are trying to rapidly develop services operations based on consulting, managed services and the cloud to replace commoditised or 'empty calorie' …
Paul Kunert, 12 May 2015
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

Verizon in SUDDEN $4.4bn AOL GOBBLE, aims to make fourplay more exciting

Verizon Communications is buying AOL for $4.4bn, apparently to strengthen its hand at video advertising. This comes on the back of Verizon’s existing plans to launch a video snacking service for mobes, with descriptions making it sound as though the plan will be using LTE-broadcast. Verizon is particularly interested in AOL’s …
Simon Rockman, 12 May 2015
Toshiba MQ03ABB300

Toshiba shares go over a cliff after probe into hidden losses

Toshiba's shares have dived 22 per cent in a week after the company commenced a probe into accounting irregularities, rescinded previous profit guidance and cancelled a planned dividend payment. Toshiba's Notice Regarding Establishment of Independent Investigation Comittee (PDF) explains that some projects went pear-shaped, but …
Simon Sharwood, 12 May 2015
Taylor Swift

Spotify springs bloody leak as losses grow to $197m – report

Spotify's net losses jumped significantly in 2014 to $197m from $68m a year earlier, it has been reported. The Stockholm, Sweden-based music streaming service blamed hole in finances on international expansion, recruiting more staff and product development. According to the New York Times, which cited documents filed in …
Kelly Fiveash, 9 May 2015

Roar of the Dragon: Revenue up by nearly half at Alibaba as it expands into Silicon Valley

Revenue soared by 45 per cent at Chinese e-commerce and tat bazaar giant Alibaba to 17.43bn yuan (£1.8bn) for its first quarter, compared with the same period last year. However, overall net income fell by 49 per cent to $463m (£300m) as the company made significant share-based compensation payouts to investors and employees …
Kat Hall, 8 May 2015
Navteq vehicle in Oxford

Uber and car makers jockey for Nokia's 'HERE' maps – report

Transport's enfant terrible, Uber, has reportedly put in a bid to acquire Nokia's HERE mapping unit. The New York Times spoke to an anonymous troika of insiders, who whispered that a bid of up to $3bn had been tabled. Three billion simoleans wouldn't be a big payday for Nokia, which bought HERE for $8.1bn in 2007 but has …
Nvidia GeForce

Struggling Nvidia says it may pay up to $125m to shutter Icera modem biz

Nvidia posted mixed results for the first quarter of its fiscal 2016, even as it looks forward to exiting the mobile chip business in favor of new markets. Total revenue for the quarter was $1.15bn, which narrowly missed analysts' estimates. It also represented disappointing year-on-year growth of just 4.4 per cent, compared to …
BT Openreach van

'Tough' UK public sector blamed in BT sales hiccup

Sales dropped 2 per cent to £17.85bn for telco giant BT's full-year results announced today, while profits increased 12 per cent to £3.17bn compared with the previous year. The company primarily blamed its drop in sales on the foreign exchange market, while attributing the profit boost to an efficiency and cost-cutting programme …
Kat Hall, 7 May 2015
AMD CEO Lisa Su speaking at the firm's 2015 financial analyst day

Rip up your AMD obits: Gaming, VR, embedded chips to lift biz out of the red by 2016, allegedly

Struggling chipmaker AMD hosted an all-day meeting in New York City on Wednesday to reassure financial analysts that its product portfolio is strong and it plans to return to growth this year. During the meeting – AMD's first in three years – CEO Lisa Su said she plans to return the company to profitability in the second half of …

Sage boosts profit but that means NOTHING without the CLOUD

Sales rose 6.5 per cent to £699m during accounts-ware biz Sage's half-year results, despite the company's poor cloudy progress. Pre-tax profits increased 4.9 per cent to £173m, compared with the first half of its previous financial year. Stephen Kelly, chief executive officer, said the company is in the process of overhauling …
Kat Hall, 6 May 2015
Man writing a letter

Welcome to the family ... Microsoft licks nib of Surface pen maker N-trig

Microsoft has scooped up Surface Pro 3 pen maker N-trig, after partnering with the outfit for several years. Rumours that Redmond had bought the PC and tab digi pen vendor first, er, surfaced in February. On Friday, Microsoft finally confirmed the buyout of N-trig, which makes the pen tech for the software giant's Surface Pro 3 …
Kelly Fiveash, 2 May 2015
Troll. Pic:  Anna Bialkowska

You can't keep a Secret and nor can anyone else: the app is closing

In an almost-unprecedented move, a silicon valley founder is exiting a company before it's burned all its money: anonymous chat app Secret is looking for a graceful exit. David Byttow says Secret's “significant amount of invested capital” (remaining from US$35 million of funding) will be returned to the investors, rather than …
Marc Benioff of Salesforce. Pic: Techcrunch

Someone is trying to buy Salesforce – but who could it be?

Salesforce.com is being eyed up for an acquisition – and has hired financial experts to guide it through the biz gobble, it's claimed. "Salesforce does not comment on rumors or speculation," the San Francisco-headquartered cloud giant told The Register this afternoon in response to whispers. There has been no formal offer for …
Shaun Nichols, 29 Apr 2015
LG G4

LG glances at red-stained bank account, crosses fingers for G4

South Korean electronics giant LG is putting on its best face after its bottom line plunged by two thirds. LG said that the drop in currencies was the main reason its net income for the first quarter of 2015, ended March 31 [PDF], stood at 38bn Korean Won (US$35m) compared to 98bn (US$91.5m) from the year-ago period – a 61 per …
Shaun Nichols, 29 Apr 2015

Tax shouldn't be taxing – unless you're Barracuda Networks

Barracuda Networks reported a satisfyingly chunky revenue rise for its final 2015 quarter and full year, ended February 28, but losses dove unexpectedly deep due to taxation manipulations. Revenues for the fourth fiscal 2015 quarter were US$72.2m, up 19.7 per cent on the year-ago's $60.3m, and 2.6 per cent higher sequentially. …
Chris Mellor, 29 Apr 2015
Samsung Galaxy S6

Samsung Electronics' sales go OVER A CLIFF

Samsung Electronics, the phones-and-chips-and-tellies arm of the Chaebol, has reported a nasty set of numbers for 2015's first quarter. Let's go straight to a slide from the earnings call to show you just how nasty it is. Samsung Q1 2015 sales and profits Samsung Electronics Q1 2015 results. Click here to embiggen Those …
Simon Sharwood, 29 Apr 2015
Twitter for Mac New

Twitter's share price crashed 18% thanks to ONE LONE TWEET

Financial analysts have reacted with comical dismay following less-than-forecast results from microblabber-content advertising website Twitter. The outfit's monthly active users, at 302 million, were up 18 per cent year-on-year and 4.86 per cent quarter-on-quarter, prompting Landcolt Capital's Todd Schoenberger to tell Reuters “ …

How do you sell fewer hard drives but make more profit? Let's ask ... Western Digital

Western Digital's third quarter of fiscal 2015, ended April 3, raked in sales of US$3.55bn – that's 4.1 per cent down on the year-ago quarter, and 8.7 per cent less than the previous quarter. It banked a profit of US$384m; that figure was US$375m a year ago, so that's a 2.4 per cent gain. WD recorded a profit of US$460m in the …
Chris Mellor, 29 Apr 2015
Apple iPhone 6 and 6 Plus

MONSTROUS iPhone sales are CANNIBALIZING iPads, gabbles Apple CEO

Apple countered soaring iPhone and Mac sales with yet another doleful quarter for the iPad in its second quarter of fiscal year 2015. The Cupertino giant logged Q2 revenues of US$58bn (£38bn, AU$73.9bn), up 27 per cent over US$45.6bn in the same period last year. Earnings per share (non-GAAP diluted) of US$2.33 beat analyst …
Shaun Nichols, 27 Apr 2015
HP Logo splitting in two

HP in talks with unions ahead of the Big Split-Up

HP is consulting the local Works Council and trade unions well ahead of the corporate bisection, with its UK organ aiming to be ready to dot the Is and cross the Ts in a little over four months' time. The British tentacle is understood to be HP's second largest sales territory so getting things running smoothly here is paramount …
Paul Kunert, 27 Apr 2015
Unisys sets LinuxWorld alight

Unisys looks to ‘streamline’ as losses increase, sales fall

Losses at mainframe maker Unisys plunged deeper into the red in the company's first quarter of 2015, falling a further $10 million (£6.6 million) to $27.4 million (£18.1 million). First-quarter 2015 sales fell 5 per cent to $721 million (£476 million), when compared with the previous year. The company hopes to makes savings of …
Kat Hall, 24 Apr 2015
POwered_Wheelchair

Revenue jumps, but FalconStor still wobbly on its feet

The sickly software-defined storage child that was FalconStor is not yet a strapping adolescent, but is at least on the way back to full health. First quarter 2015 revenues were a startlingly high $19.9 million, coming from a quarterly revenue band of $12-$15 million over the previous eight quarters. The year-ago quarter’s …
Chris Mellor, 24 Apr 2015
Microsoft CEO Satya Nadella

Microsoft: Profit DECIMATED because you people aren't buying PCs

Microsoft has weathered a difficult three months: despite signs of growth in cloud computing, overall sales were dragged down by dwindling demand from consumers. Revenues of $21.73bn in Microsoft's third quarter of fiscal 2015, ended March 31, met analysts' expectations. However, sustainable growth still eludes the software …
Neil McAllister, 24 Apr 2015
Amazon Web Services

Amazon lifts lid on AWS money factory, says it's a $5 BEEEELLION biz

Amazon lifted the veil from the financials of its Amazon Web Services (AWS) cloud computing business for the first time on Thursday, and it looks to be off to a fine start for the first quarter of the company's fiscal 2015. While Amazon's total revenue of $22.72bn for the quarter represented 15 per cent year-on-year growth – a …
Neil McAllister, 23 Apr 2015

Your essential guide: What to look for in today's Amazon, Google, and Microsoft earnings

Analysis It's probably not entirely a coincidence that Amazon, Google, and Microsoft will all file their quarterly earnings reports on Thursday. But while these tech titans wage a tug-of-war for your public compute workloads, each is relying on other sources of revenue to bankroll its cloud land grab – and the three companies have very …
Neil McAllister, 23 Apr 2015
True humility - the Curate's egg

EMC's curate's egg sees revenues waiting for new product take-offs

EMC’s first quarter results were like the curate's egg; good in parts, but hit by currency problems, job cuts and unsatisfactory core storage revenues in others. First-quarter 2015 revenues were up 2 per cent to $5.6bn, compared to $5.5bn a year ago, with EMC II (the core storage biz) revenues disappointing. The top-line number …
Chris Mellor, 23 Apr 2015
Facebook WhatsApp

Facebook profits plunge by a fifth as buyouts soak up Zuck's cash

Profits at global ad platform Facebook plunged by 20 per cent on the year to $512m (£341m) for the company's first quarter, as it shelled out vast amounts of cash in pursuit of world domination. Costs and expenses for the first quarter of 2015 were $2.61bn (£1.74bn), an increase of 83 per cent from the first quarter of 2014. …
Kat Hall, 23 Apr 2015
Qualcomm

Qualcomm profits sink as it hands over nearly a BEEELLION dollars in fines to China

Qualcomm showed encouraging signs of growth in the second quarter of its fiscal 2015, even as a hefty payout to China bit deeply into its bottom line. The mobile chipmaker's revenue for the quarter was $6.89bn, which was down slightly from the previous sequential quarter but up by 8.3 per cent from the year-ago period, beating …
Neil McAllister, 22 Apr 2015

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