Tech earnings a mixed bag

Summary:Fusion-io stumbled with a disappointing outlook, but F5 Networks, ServiceNow and Akamai shined.

Earnings from technology vendors were mixed on Thursday as Fusion-io stumbled with a disappointing outlook, but F5 Networks, ServiceNow and Akamai shined.

Here's the roundup.

  • Video conferencing company Polycom reported a third quarter loss of $24 million, or 14 cents a share, on revenue of $336 million. Non-GAAP earnings were 11 cents a share. The results were in line with expectations.
  • F5 Networks reported fiscal fourth quarter earnings of $76.2 million, or 97 cents a share, on revenue of $395.3 million, up 7 percent from a year ago. Non-GAAP earnings were $1.26 a share. Wall Street was looking for fourth quarter earnings of $1.19 a share on revenue of $385 million. For the first quarter, F5 projected non-GAAP earnings of $1.17 a share to $1.20 a share on revenue of $390 million to $400 million. Wall Street was expecting earnings of $1.20 a share on revenue of $389.6 million for the first quarter.
  • Hosting firm Equinix reported third quarter earnings of $36.6 million, or 72 cents a share, on revenue of $540.5 million, up 11 percent from a year ago. Wall Street was looking for earnings of 58 cents a share on revenue of $539.7 million. For the fourth quarter, Equinix sees revenue between $559 million and $563 million. Wall Street was looking for fourth quarter sales of $556.4 million.
  • ServiceNow reported a third quarter net loss of $14.7 million, or 11 cents a share, on revenue of $111.3 million, up 73 percent from a year ago. Non-GAAP earnings were a penny a share. Wall Street was expecting a loss of 2 cents a share on revenue of $105.3 million. For the fourth quarter, ServiceNow is projecting revenue between $119 million and $121 million with a net loss of 2 cents a share. Wall Street was looking for sales of $115 million for the fourth quarter and a net loss of 9 cents a share.
  • Flash data center storage player Fusion-io reported a first quarter loss of $27.9 million, or 28 cents a share, on revenue of $86.3 million. The company's non-GAAP loss was 7 cents a share. Wall Street was looking for a non-GAAP loss of 11 cents a share on revenue of $84.7 million. Fusion-io, which has delivered rocky quarters recently, said it was making progress on its strategic plan, but its outlook for the second quarter fell way short of expectations. Fusion-io projected revenue to be up slightly sequentially. Wall Street was looking for second quarter revenue of $113.8 million.
  • Akamai reported third quarter earnings of $80 million, or 44 cents a share, on revenue of $396 million. Non-GAAP earnings were 50 cents a share. Wall Street was expecting third quarter non-GAAP earnings of 46 cents a share on revenue of $387.5 million.

Topics: Tech Industry, Networking

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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