CRN Channel News

  • Indian Software Companies Top $1B Mark, But Worries Remain
    India's third-largest software exporter, Wipro, said Friday that its revenue for the latest fiscal year surpassed US$1 billion for the first time on rising orders from American companies--giving another boost to one of the country's biggest industries.
  • IBM Reports Positive Financials
    Buoyed by growth across nearly all of IBM's business units, company CFO John Joyce said this week that Big Blue's first-quarter financial performance is a clear indicator that customers are finally spending again on IT systems and infrastructure.
  • Sun's Q3 Not Too Bright
    The recently beleaguered Sun Microsystems reported heavy losses for its fiscal 2004 third quarter on Thursday, April 15. The disappointing results actually met analysts' expectations but showed how much the company has struggled of late as it tries to right its struggling server business and deal with layoffs and reorganization at its top levels.
  • Nokia Posts 1Q Profit But Warns Of 2Q Revenue, Earnings Drop
    Confirming it missed expectations in its flagship mobile phones unit, Nokia on Friday reported lower earnings and sales for the first quarter and lowered forecasts for the second quarter amid increased competition from American and Asian rivals.
  • Reports 12th straight quarter of revenue decline

    Sun Posts $760M Loss For 3Q
    Sun Microsystems, as projected earlier this month, Thursday posted a major loss for its fiscal 2004 third quarter, its 12th consecutive quarter of declining year-over-year revenue.
  • Hardware revenue jumps 16 percent in first quarter, software up 11 percent

    IBM's CFO Says Corporate Hardware Refresh Fuels Growth
    IBM's CFO said the company is finally benefiting from a long-awaited hardware refresh cycle that helped drive hardware revenues up 16 percent for its fiscal first quarter.
  • Siebel Earnings Dramatically Up, Revenue Flat For The Quarter
    Siebel Systems on Thursday matched the revenue and earnings results it had promised investors and analysts earlier in the month. For the first quarter ended March 31, the San Mateo, Calif., company reported earnings of $31.7 million, or 6 cents a share, compared with $4.6 million, or a penny per share, last year. Despite this dramatic 580 percent increase in earnings, total revenue remained relatively flat at $329.3 million, compared with $332.8 million in the same quarter a year ago--a 1 percent decline.
  • Beats revenue expectations; Palmisano says he's enthusiastic about 2004

    IBM Matches Wall Street's 1Q Earnings Forecasts
    IBM matched Wall Street's expectations for first-quarter earnings and slightly beat revenue estimates for the period ended March 31.
  • Laura Ingraham To Speak at 2004 VARBusiness 500 Awards
    Look for political commentator and radio talk show host Laura Ingraham to stir the pot with her acerbic take on Washington and the media when she lights up the 2004 VARBusiness 500 Awards on June 15. The industry's most prestigious event brings together IT executives to celebrate the VARBusiness 500, the definitive ranking of the largest solution providers, integrators and IT consultants in North America, and to recognize the companies and individuals that excelled last year.
  • Microsoft Releases Free Visio XML Schema
    Microsoft on Thursday followed up on its earlier releases of XML schemas for Word, Excel and InfoPath with one for Visio 2003, the Redmond, Wash.-based developer's diagramming tool.