Auction site Ebay states it had a revenue of $2.2 billion in the first quarter, up 9 percent from $2.02 billion in the same quarter last year. Net income grew by $41 million, or 11 percent, from $357 million in 2009 to §398 million in 2010. Ebay’s payment unit Paypal reported net total pay volume worth $21.3 billion, a growth of 35 percent year over year.
For the second quarter, Ebay expects revenue to be between $2.15 billion and $2.2 billion. Revenue for the entire year is estimated to be in the range of $8.8 billion to $9.1 billion.
Sandisk says its revenue in the first quarter increased 65 percent, from $659.48 million last year to $1.09 billion. Net profit was $234.7 million, compared to a loss of $208 million one year ago. However, Sandisk said revenue was 12 percent weaker than in its preceding fourth quarter. Sandisk claims its OEM business managed to offset traditionally weak consumer demand in its first quarter. Sales for mobile products doubled, another positive effect for the maker of flash memory cards.
DRAM maker Hynix Semiconductor had its best quarter since the last quarter of 2006. Revenues amounted to 2.82 trillion Korean won (~$2.54 billion). Net income was 822 billion Korean won, after a nett loss of 1.18 trillion won last year. Hynix is on the path of recovery and profiting from increasing demand for memory products.
VMWare also posted higher revenues. Revenues expanded from $470.3 million in 2009 to $633.5 million this year. Net income grew from $69.93 million to $78.42 million.
“We expect second quarter license revenues to be down sequentially, but total revenues to increase to a range of $635 and $665 million incorporating increased revenues from the acquisition of Zimbra and assets acquired from EMC. We also expect annual 2010 revenues to be in the range of $2.625 and $2.725 billion, an increase of 30% to 35% from 2009,” commented VMWare CFO Mark Peek.