Tag: Financials

Big Blue sees a three percent revenue rise

Posted on July 21, 2021 by - News

Biggish Blue posted a three percent year-on-year revenue rise for its second quarter thanks mostly to sales gains across cloud, global business services and its software business Red Hat, despite net income falling marginally overall.

Total revenue for the quarter stood at $18.7 billion for the three months ending 30 June, up from $18.1 billion the year before, with global business services revenue up 12 percent and cloud revenue rising 13 percent to $7 billion.

Meanwhile, Red Hat revenue grew 20 percent in the quarter, despite net income falling slightly from $1.36 billion to $1.32 billion.

SCC has a record turnover

Posted on August 4, 2020 by - News

SCC had had a rather good year with record turnover as services and data centre growth continues to lead the way and provide continuing stability.

Results for SCC EMEA show revenues reaching a record £2.3 billion and EBIT of £30.7 million – turnover growth of 5.5 percent and EBIT growth of 8.8 percent year-on-year despite performance being dampened by the global COVID-19 outbreak affecting the final month of FY20. The group achieved 11 percent growth in services across EMEA, driving SCC’s successive growth, with the product business also continuing to perform well.

K3 warns of sliding profits

Posted on October 23, 2019 by - News

K3 has warned that its earnings will be “significantly” below market expectations after seeing major client deals fall through.

In a trading update, K3 said that its second half had “started confidently”, but a major new contract then failed to materialise and a “large customer” entered administration. Clients are buying software at a slower pace than anticipated.

BlackBerry makes a profit

Posted on March 27, 2015 by - News

Samsung Browses BlackberryIt seems that BlackBerry has turned the corner as it reported a quarterly profit today – results that sent its share price up by over five percent.

Revenues however fell to $550 million for its quarter, down from $793 million in the same period last year. Net profit was £28 million, compared to a loss in the same quarter last year of $148 million.

So what’s BlackBerry doing right? It seems that CEO John Chen is keeping a close eye on expenses but its revenue from software rose 20 percent in the quarter, accounting for $67 million in revenues.

Despite its formerly impregnable position as the handheld of choice for the corporate market, sales of its more up to date models don’t appear to be particularly good.

BlackBerry is attempting to change its model from hardware and services to software.

Wall Street analysts hailed the profit figure but fretted about the revenue, which the company had estimated would be $786 million.

Ingram Micro posts “record” Q4 financials

Posted on February 14, 2013 by - News

IMIngram Micro announced a record quarterly financial for the last months of 2012, driven by its acquisition of BrightPoint and Aptec.

However, it was also this move that cost it money, with the company claiming that restructuring costs as a result of the purchase led a loss in profitability.

For the fourth quarter of 2012 the distie reported worldwide sales of $11.38 billion, a 14 percent rise from the $9.95 billion in the fourth quarter last year.

It said the recently completed acquisitions of BrightPoint and Aptec Holdings had helped contribute approximately $1 billion and $75 million, respectively, to the quarter’s revenues.

Worldwide gross profit also hit an all-time quarterly record of $661.2 million compared with $554.3 million in the same period of 2011.

However, the distie’s operational bottom line wasn’t as positive with the books showing that operating profit dropped by 4.7 percent  to $167.9 million.

The company said that this figure was as a result of it gobbling up BrightPoint and Aptec and the $8.6 million in restructuring and other acquisition-related costs.

However, this hasn’t caused the company concern with it predicting worldwide consolidated revenue growth in the low teens, for 2013, which includes the contribution of BrightPoint.

And analysts are also on the same track. Today the company was upgraded by Needham & Company from a “hold” rating to a “buy” rating.