Toshiba Back to Black

By Cindy Waxer January 31, 2011

Toshiba is back to black, thanks to a recovering global economy and increasing demand for the flash memory chips used in digital cameras and smartphones.

The electronics giant is reporting net profit of 12.4 billion yen ($151 million) in its October-December quarter compared to a net loss of 10.6 billion yen in the same period in 2009. Electronic devices, including LCDs and flash memory, generated 17.2 billion yen in operating income compared with an operating loss of 6.6 billion yen a year ago. And Toshiba's quarterly revenue increased 1.6 percent year-on-year to 1.6 trillion yen.

Research firm Gartner recently ranked flash memory as one of the top 10 strategic technologies for 2011. In fact, reported earlier that Gartner has seen huge use of flash memory in consumer devices, entertainment equipment and other embedded IT systems. It also offers a new layer of the storage hierarchy in servers and client computers that has key advantages: space, heat, performance and ruggedness among them. Unlike RAM, the main memory in servers and PCs, flash memory is persistent even when power is removed. In that way, it looks more like disk drives where information is placed and must survive power-downs and reboots.

Despite the fact that over half of Toshiba's revenue stems from overseas, the company’s North America sales expanded 7.2 percent. For the fiscal year through March 2011, Toshiba expects to post a net profit of 100 billion yen, against a net loss of 19.7 billion yen a year earlier, with revenue likely to increase by 4.9 percent to 6.6 trillion yen.

Want to learn more about the latest in communications & technology? Then be sure to attend ITEXPO East 2011, taking place Feb 2-4, 2011, in Miami. ITEXPO offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.

Edited by Tammy Wolf

TechZone360 Contributing Editor

Related Articles

Robotic Process Automation vs. Business Process Automation in the Modern Customer Centric Enterprise

By: Special Guest    3/23/2018

There's a lot being said about robots these days and about Robotic Process Automation (RPA). RPA describes a software development toolkit that allows …

Read More

How to Grow Your VR Company

By: Special Guest    3/23/2018

Developers from every walk of life are now flocking to Virtual Reality as it has grown from a niche idea to a legitimate hardware. Companies all over …

Read More

Satellite Firm Swarm Technologies Facing Death After Defying FCC

By: Doug Mohney    3/22/2018

Swarm Technologies is the most important satellite company you've never heard about. But a failure to heed the Federal Communications Commission (FCC)…

Read More

Apple, IBM Partner on AI, ML

By: Paula Bernier    3/21/2018

Apple and IBM are collaborating to make it easier for developments to create AI-powered applications. The effort will employ IBM Watson Services for C…

Read More

5 Influential African-Americans In Tech

By: Special Guest    3/19/2018

It's no secret that Silicon Valley has a problem with diversity. Apart from being male-dominated, most of its workforce is white or Asian, with whites…

Read More