Articles about results

Palo Alto Networks' new boss hints at borging rivals as losses shrink

Two things are happening at Palo Alto Networks: it is losing less cash, and the latest exec to reside in the head shed is rubbing his hands together at the prospect of selling more tech as a service. The enterprise networking security biz reported a loss of $2.3m for its fourth quarter of fiscal 2018, ended 31 July, compared …
Raining cash from the clouds

All clouds rain into VMware's steadily swelling coffers

VMware keeps growing its sales like, depending on your opinion of the virtualization giant, weeds in an unkempt garden, or a lottery jackpot prize pool. For the second quarter of its fiscal 2019 – the three months to August 3 – services revenues rose to $1.27bn, up 11 per cent year-on-year. Along with $90m in licensing, up 15 …

Don't you just love Windows 10 refreshes, yells Lenovo

Windows 10 PC refreshes in business land helped Lenovo report double digit sales growth for the first quarter of its fiscal 2019 earnings - the Chinese giant made hay while the sun shone. Revenue bounced 19 per cent year-on-year to $11.91bn, but two thirds of this came from PC sales, which went up 19.8 per cent in the quarter …
Paul Kunert, 16 Aug 2018
freak out

Extreme Networks? Extreme Share Price Crash, more like

Extreme Networks’ share price almost halved after its Q4 financials hit the wires on Wednesday, in spite of the US network infrastrucutre kit-maker reporting a double-digit bounce in turnover. It serves as a timely reminder that tech companies miss Wall Street forecasts at their peril. While revenues rose 56 per cent to $278. …
Gareth Corfield, 10 Aug 2018
Shutterstock - ration book

Arris CPE revenue hit by component shortages

Another network vendor has had its financials dented by component shortages: this time, it's Arris. Shortages in memory and multilayer ceramic capacitors (MLCCs) slowed delivery of customer-premises equipment (CPE) products. As a result, CEO Bruce McLelland told today's earnings call, some production will be shifted from Q2 to …
Juggling apple image via Shutterstock

Apple laughing all the way to the bank – with profits of $5.3m per hour

Apple continues to display all the characteristics of a money-making machine, with record results for the third quarter of the year. This was the iGiant's strongest fiscal third-quarter results in its history, according to Apple, and its fourth straight quarter of double-digit revenue growth. In a conference call with analysts …
Iain Thomson, 1 Aug 2018
Bob Swan

Swan dive: Intel shares dip under interim CEO Bob as 10nm processor woes worry Wall Street

Despite record-breaking earnings, Intel's shares took a modest dip on Thursday when the semiconductor behemoth reveal its financial results for the second quarter of this year. Revenues for the three months to June 30 rose strongly, year on year, and profits were up 78 per cent. However, it's clear that the markets are …
Iain Thomson, 27 Jul 2018

Pesky 'restructuring charges' make off with Citrix's cloudy cash

You win some, you lose some. Citrix has embiggened its quarterly revenues – while at the same time shrinking profits by a couple of million dollars. How did they manage that? The firm on Wednesday reported revenues of $742m for the second quarter of fiscal year 2018, a 7 per cent increase on the year-ago quarter of $693m. …
Gareth Corfield, 26 Jul 2018
Burning 5G against dark background

5G whizz: Ericsson just turned in first profit since 2016

Ericsson has dodged a loss for the first time in two years, after 18 months under the strict regime imposed by CEO Börje Ekholm, who took the reins at the vendor at the start of 2017. Under Ekholm, the company has shed more than 20,000 jobs (around 14,000 in direct employees) and cut more than 10 billion Swedish kronor — more …

BlackBerry continues its gentle slide even as software sales embiggen

BlackBerry's Q1 FY19 revenues are down 9 per cent year-on-year, though nearly 90 per cent of that came from software and services sales. The latest quarter's software and services of $189m were up 18 per cent year-on-year, comparing to the one-time mobile behemoth's overall revenues of $213m. However, the company's net loss …
Andrew Orlowski, 22 Jun 2018
BT Tower photo via Shutterstock

BT announces Gavin Patterson to become ex-CEO

Hard pressed BT boss Gavin Patterson has agreed to leave the telco after five years in the role, with the group citing a "need for a change of leadership" following disappointing results and a flagging share price. Patterson will exit later this year, with the board having already begun a search for his successor. Last month …
Kat Hall, 8 Jun 2018
closed sign

Dixons to shutter 92 UK Carphone Warehouse shops after profit warning

Dixons Carphone is to close 92 of its 650 stores following a profit warning this morning which sent shares tumbling 20 per cent. The firm expects pre-tax profits to be £382m in its 2017/18 results out next month, but already predicts profits to fall to £300m in 2018/19. In contrast, for 2016/17 it reported profits of £501m. …
Kat Hall, 29 May 2018
he exterior of the carphone warehouse on January the 23rd, 2015, in London, England, UK. The carphone warehouse has over 3000 stores. Editorial Credit: Michaelpuche / Shutterstock.com

Hello, Dixons Carphone? Yep, we're ringing from a 2015 handset. Profits down 60%, eh?

Dixons Carphone execs handed out their numbers to world+dog today, showing profits plummeting by more than half in the firm’s half-year results. The plunge was chalked up to UK customers skipping mobile upgrades - a move that could signal further closures across its stores. Facepalm from Shutterstock Reality strikes Dixons …
Kat Hall, 13 Dec 2017
depressed_648

TalkTalk sees red after chucking £75m on restructuring bonfire

Beleaguered Brit ISP TalkTalk's half-year results have plunged into the red, reporting pre-tax losses of £75m due to major restructuring costs. Sales fell 5 per cent to £856m from £902m the year before. The firm attributed a chunk of those losses to a £31m bill in associated costs for overhauling its mobile phone business …
Kat Hall, 15 Nov 2017

What just banked $7bn in pay dirt, is stroking its big growth, and rhymes with cold sweat?

Google parent Alphabet announced on Thursday a better-than-expected quarter, driving up its share price. Its stock jumped to $1,036 apiece in after-hours trading before settling down slightly into the low four figures, up three per cent. Analysts had been expecting earnings per share to be around $8.33, but Alphabet smashed …
Iain Thomson, 26 Oct 2017
Stressed looking business person.

Maintel blames Avaya bankruptcy protection for sales hit

UK comms and networking integrator Maintel has blamed trading partner Avaya’s bankruptcy filing in the US for slowing customer demand on this side of the pond. Maintel said in preliminary half-year results that its managed services division was “negatively affected” by delays to customer installations caused by the telco …
Kat Hall, 11 Sep 2017
Older woman with shocked expression speaks on fixed line phone... photo by Shutterstock

Network and IT investment spanks Three's bottom line

UK mobile operator Three posted a drop in operating income of 15 per cent to £197m in its first-half results, due to costs associated with network and IT infrastructure investment. In a call the company said it is preparing to ramp up investment in its network to prepare for the onset of 5G technology. Total revenue for the …
Kat Hall, 3 Aug 2017
Tesla Model 3

Tesla: Revenues up, losses deepen, in start to 'exciting' 2017

Elon Musk’s ‘leccy car firm Tesla has boosted its revenues and deepened its losses, according to its latest quarterly results. Total revenues for the first quarter of fiscal year 2017 were $2.96bn, more than double the $1.15bn figure for Q1 last year. Net profits were negative, being a loss of $397m. Last year the company made …

Create a news alert about results, or find more stories about results.

Biting the hand that feeds IT © 1998–2018