Hasta La Gadget!

If you were ever curious to how many photos get uploaded to Facebook everyday or how many likes happen across the entire social network or the sheer size of data booking the face is responsible for, look no further. Facebook gave a state of the union (of sorts) that detailed just how big Facebook data is. More »

After a couple of down quarters in a row, Dell needed to come out strong in Q2 of fiscal year 2013. Well, it’s probably not as glowing a quarter as the company was hoping for, but a slight rebound in profits from last quarter should give it something to smile about. Revenue was up roughly $100 million sequentially, which translated into an equal amount of additional profit. After netting just $635 million in income during Q1, Dell banked $732 million in Q2 of 2013. Year-over-year, however, things are a little less rosy. Revenue was down eight percent and net income a worrisome 18 percent. Still, while its consumer arm continues to struggle (where revenue is down 22 percent), its enterprise services division continues to grow, raking in $4.9 billion this quarter — up six percent from the same time last year and matching its previous record. The company expects revenue to continue to fall next quarter, but expects good things from it Enterprise Solutions, Services and Software division going forward. For more financial particulars check out the PR after the break.

Update: Dell’s slide deck — partially shown above — unsurprisingly points out that Windows 8-based Ultrabooks, all-in-one desktops and tablets are on deck, but it also mentions a mysterious “converged device” segment as well. Hmm.

Continue reading Dell reports Q2 earnings: rakes in $14.5 billion of revenue, nets $732 million in profit

Filed under: Misc. Gadgets

Dell reports Q2 earnings: rakes in $14.5 billion of revenue, nets $732 million in profit originally appeared on Engadget on Tue, 21 Aug 2012 16:18:00 EDT. Please see our terms for use of feeds.

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Normally shake ups in management and earnings outlooks don’t really grab our attention. But, buried in the PR for just such moves from HP today was a particularly intriguing tidbit of information. In Q3 the company expects to be hit for $8 billion in pre-tax assets (but not cash) as part of an “impairment of goodwill” charge related to the purchase of Electronic Data Systems. That’s in addition to a $1.5 billion charge it’ll be absorbing following the layoff of some 27,000 employees in May. While the company has actually raised its earnings outlook for the quarter, we’ll have to wait till August 22nd to find out just how much these two charges will affect the bottom line. For some more detail, check out the PR after the break.

Continue reading HP expects to take $8 billion hit over its purchase of EDS

Filed under: Misc. Gadgets

HP expects to take $8 billion hit over its purchase of EDS originally appeared on Engadget on Wed, 08 Aug 2012 16:17:00 EDT. Please see our terms for use of feeds.

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TWC pushed out its second quarter results, showing it’s following the trend of shedding customers without hurting the bottom line. It took in $5.4 billion in revenue for the three month period — with more cash coming from selling higher tiers of service to existing users — leaving it with a net profit of $452 million. The company reported that it lost 169,000 residential video subscribers but gained 104,000 back across its high-speed data and voice businesses, which it described as “organic decline,” but looks more like cord-cutting to us.

Filed under: Home Entertainment

Time Warner Cable lost 169,000 subscribers, spares DirecTV’s blushes originally appeared on Engadget on Thu, 02 Aug 2012 11:28:00 EDT. Please see our terms for use of feeds.

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Sprint’s second quarter figures have arrived, showing that the company’s billion-dollar gamble on the iPhone isn’t working right now. While it sold 1.5 million Apple-branded handsets in the three month period (40 percent to new and postpaid customers), it recorded an operating loss of $629 million and a colossal net loss of $1.4 billion — compared to an operating loss of $255 million and a net loss of $863 million in the first quarter. Operating revenues of $8.8 billion improved on those in the first quarter by a single percent — mostly due to higher service fees from its wireless offerings. It’s also grown its cash reserves, up from $128 million last quarter to $267 million today, and can point to 442,000 postpaid and 141,000 new prepaid subscribers pushing the company’s customer base up to 56 million nationwide — mentioning that 60 percent of former Nextel users chose to remain with Sprint during the enforced change.

The figures reveal that Sprint’s eating around $782 million due to the shutdown of the Nextel platform and a further $184 million to end leases on antenna sites for the moribund network. It’s also having to take a hit of $204 million due to its investment into infrastructure partner Clearwire. It’s affirmed its $1 billion lending facility, contingent upon purchasing gear from Ericsson to help build its LTE network, which it aims to have installed in 12,000 sites by the end of the year. Of course, that purchase was prompted by the collapse of Philip Falcone’s doomed LightSquared project, which caused the Now Network to lose $66 million in cash and its childhood innocence when it comes to trusting other people.

Update: Big Yellow also mentioned that it has no plans to adopt a shared data plan to follow AT&T and Verizon.

Filed under: Cellphones, Wireless, Internet

Sprint’s iPhone gamble isn’t paying off as 2012 Q2 figures reveal $629 million operating loss originally appeared on Engadget on Thu, 26 Jul 2012 07:17:00 EDT. Please see our terms for use of feeds.

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