revenue

Intel boosts outlook for third quarter

This was originally posted at ZDNet's Between the Lines.

Intel on Friday raised its guidance for third-quarter revenue, citing stronger-than-expected demand for microprocessors and chipsets.

Revenue is now expected to be $8.8 billion to $9.2 billion, compared to the previous guidance of $8.1 billion to $8.9 billion. Analysts had been expecting $8.55 billion in revenue. The company also said it expects gross margins to be in the upper half of the previous range of 51 percent to 55 percent.

The news comes on the heels of Dell's better-than-expected earnings report Thursday. The company … Read more

Twitter pro accounts coming by year's end

Well, it looks like Twitter will actually do it.

In an interview with VentureBeat on Thursday, Twitter co-founder Biz Stone elaborated on the company's goal to put out a revenue model before the end of the year. He said that yes, it will involve offering paid accounts to businesses that use the microblogging platform for marketing, customer relations, publicity, and what-have-you. That's something Twitter has been hinting at for about a year now.

There's not a whole lot of detail available. But paid accounts will definitely involve statistics and analytics that aren't available through Twitter's … Read more

SAP sales drop but earnings rise

SAP on Wednesday reported a 4 percent gain in earnings for the second quarter despite lower sales.

For the quarter ended June 30, the business software giant netted 423 million euros ($600 million) compared with 408 million euros for 2008's second quarter. The company attributed the gain to cost cuts and to stronger growth in its profit margin, the net difference between sales and earnings.

"Despite the challenging economic conditions, the strength of our business model combined with a strong cost discipline has proven itself once again by enabling us to report another quarter of strong operating margin … Read more

Analyst: Chip sales to recover in second half

On the back of Intel's better-than-expected financials, an iSuppli analyst said Monday that chip inventories will recover, driving up sales in the second half of the year.

Following positive financial guidance from Intel and other chipmakers, global semiconductor revenue will increase by a sharp 10.4 percent in the third quarter and by 4.9 percent in the fourth quarter, according to Carlo Ciriello, a financial analyst for iSuppli.

This expected recovery comes on the heels of four consecutive quarters of chip inventory declines, which took their sharpest dive in the first quarter of this year, plunging by 15.… Read more

Video game sales revenue plummets 31 percent

Revenue from U.S. video game sales dropped 31 percent to $1.17 billion in June, compared with $1.7 billion a year earlier, according to data released Thursday by market research firm NPD Group.

The ongoing economic recession and a lack of blockbuster game title releases were blamed for the drop, the fourth decline in video game sales in as many months.

"This is one of the first months where I think the impact of the economy is clearly reflected in the sales numbers," NPD's Anita Frazier said in a statement. "This level of decline … Read more

Oracle beats expectations as sales, earnings dip

Oracle announced on Tuesday lower fourth-quarter sales and earnings but was encouraged as results beat expectations.

For the fourth quarter of its fiscal year, which ended May 31, the database giant earned $1.9 billion, or 38 cents a share, versus $2 billion, or 39 cents, a year earlier. Sales fell 5 percent to $6.9 billion, compared with $7.2 billion a year ago. However, Wall Street had been predicting revenue of only $6.47 billion.

Oracle noted in its report that results were hurt by the lower value of foreign currencies versus the U.S. dollar. Without that … Read more

Is open source losing its soul?

Early free-software advocates like Richard Stallman raged against the copyright-toting software capitalists, yearning for a brighter day of peace, love, and (GNU) Linux. In 1998, afraid that this quasi-hippie ideal might scare away the business world from embracing free software, Eric Raymond and a few others came up with the term "open source," broadening the tent well beyond free-software radicals.

Today that tent is broad enough to include everyone from Stallman (still fighting the same fight he always has) to Microsoft, with the poignancy of the term "open source" coming to lose some of its fire, … Read more

Pew Center illustrates how Craigslist is killing newspapers

It's tough to compete with free.

The use of online classifieds sites, such as Craigslist, has more than doubled in the past four years, according to a study published Friday by the Pew Research Center. At the same time that Web classifies are on the rise, the classifieds business that newspapers once depended on has collapsed, the Pew Internet & America Life Project found.

"Nearly half (49 percent) of Internet users say they have ever used online classified sites," the Pew Center said in the report. In 2005, the percentage was 22 percent.

One out of 10 … Read more

Biz Stone on Twitter: No ads

Twitter co-founder Biz Stone said at the Reuters Technology Summit on Monday that the ubiquitous microblogging start-up isn't considering an advertising-based business model at all.

The whole "we'll make money by offering corporate accounts of some sort" mantra has been talked about by Twitter's founders quite a bit recently. But until this point, Stone and co-founder Evan Williams haven't been quite this explicit in ruling out advertising altogether.

"There are a few reasons why we're not pursuing advertising--one is, it's just not quite as interesting to us," Stone said at … Read more

The platform should be making more than Facebook--for now

You'd think, based on what the blogosphere is saying about dual sets of numbers in Advertising Age and VentureBeat, that Facebook has a new reason to freak out about revenues. Namely, signs point to the fact that the third-party developer platform that Facebook launched two years ago now collectively makes more money than the social network itself.

Well, of course it does.

From some of the headlines, you'd think that it were some sort of Silicon Valley equivalent of humans creating robots that eventually outstrip them in intelligence. While it's sort of amusing to think about Facebook … Read more