earnings

Oracle turns in a mixed bag in 2nd-quarter results

Oracle today reported better-than-expected second-quarter earnings, revenue that was lighter than estimates, and hardware system product sales that fell 23 percent from a year ago.

In other words, Oracle's quarter was a mixed bag (preview).

Oracle reported second-quarter earnings of $2.6 billion, or 53 cents a share, on revenue of $9.1 billion, up 3 percent from a year ago. Non-GAAP earnings were 64 cents a share.

Wall Street was expecting Oracle to report second-quarter earnings of 61 cents a share on revenue of $9.02 billion.

New license and cloud revenue was up 17 percent in the … Read more

Pandora shares plummet after hours on weak outlook

Pandora Media, the company behind the Web's largest radio service, saw its share price drop nearly 20 percent in after-hours trading this evening.

The company's dismal forecast spooked Wall Street, which was already growing skeptical of the company's business model. Pandora shares declined 18 percent, or $1.71, to $7.74. When Pandora went public earlier this year, the company's shares changed hands at more than $16.

Pandora reported net income of just over $2 million, or a penny a share, on sales of $120 million in its fiscal third quarter, which ended Oct. 31. That … Read more

Salesforce posts strong Q3 earnings, beats Street

Aiming to be the first cloud computing company to hit a $4 billion annual run rate, Salesforce.com is on the right track as it beat Wall Street expectations for the third quarter.

The social enterprise giant reported a third quarter net loss of $220 million, or $1.55 per share (statement). Non-GAAP earnings were 33 cents a share on a revenue of $788 million, up 35 percent annually.

Wall Street was expecting Salesforce to report third-quarter earnings of 32 cents a share on revenue of $776.5 million.

But Salesforce seems interested in discussing future quarters, as CEO Marc … Read more

Whitman proclaims new products will return HP to 'greatness'

With Hewlett-Packard's stock price going south in a hurry, CEO Meg Whitman tried to advance the argument that HP's 'return to greatness' will based on great products.

"In terms of investments, we are very focused on product, product, product," said CEO Meg Whitman in today's earnings conference call, via a transcript provided by Seeking Alpha.

Whitman continued. "Great companies return to greatness on the basis of product."

She went on to cite products like its "Gen8" servers, Moonshot servers, and new lines of PCs, printers, and services.

Both Whitman and chief … Read more

Despite earnings report, Best Buy not a lost cause -- yet

"It's like rearranging the deck chairs on a sinking ship." So goes the oft-used simile that references the legendary 1912 sinking of the RMS Titanic. The phrase has been used to describe everything from government disfunction to professional sports disappointment. (Andy Reid, I'm looking at you.) But today, I will apply it to the business of big box, brick-and-mortar consumer technology retail. And there's no bigger ship in this shrinking sea than Best Buy, the American electronics retailer.

First, the facts: Best Buy posted disappointing third-quarter results this morning. The company recorded a loss, fed … Read more

HP takes $8.8B charge on Autonomy 'improprieties'

Last updated at 9:45 a.m. PT

Hewlett-Packard took a massive charge related to its purchase of Autonomy and indicated that it bought the company based on pumped-up and fraudulent accounting.

In its fourth-quarter earnings report, HP recorded a charge of $8.8 billion in its software unit. Then HP dropped this bomb:

The majority of this impairment charge is linked to serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation plc that occurred prior to HP's acquisition of Autonomy and the associated impact of those improprieties, failures and misrepresentations on the expected future financial performance … Read more

Dell makes pitch for $649 Windows 8 tablets at business

After Dell reported lackluster earnings today, executives made a case for the company's Windows 8 tablets at businesses.

Dell's earnings fell sharply today, with net income in the quarter ended November 2 sinking 47 percent to $475 million compared with the $893 million reported in the same period last year. Revenue was off 11 percent.

So, what is Dell doing about it? Well, it's trying to transform itself into a supplier of IT services.

But before it can do that, it's still trying to sell lots of PCs -- and now Windows 8 tablets.

Those tablets … Read more

Cisco kicks off fiscal year with strong earnings

Cisco shares rose by 6.8 percent on Tuesday after the bell as the networking giant published a rather solid earnings report for the first fiscal quarter of 2013.

The San Jose, Calif., based corporation reported a net income of $2.1 billion, or 39 cents a share (statement). Non-GAAP earnings were 48 cents a share on a revenue of $11.9 billion -- up by 6 percent on an annual basis.Wall Street was expecting Cisco to report first quarter earnings of 46 cents per share on revenue of $11.78 billion.Cisco chairman and CEO John Chambers asserted … Read more

Nvidia CEO: People buying tablets instead of cheap PCs

Tablets really are replacing PCs now that the latest version of Windows has launched, graphics- and mobile-chip maker Nvidia said.

But at least right now, Nvidia's mobile business isn't big enough to offset the less-than-merry computer market this holiday season.

It's not exactly shocking that tablets have been eating into sales of PCs. Computer makers have noted the trend, and so have Nvidia chip rivals Intel and Advanced Micro Devices.

But what's interesting is that Nvidia says consumers now realize that a "great tablet is better than a cheap PC." That could signal a … Read more