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Lumentum reported net revenue for the fiscal third quarter of 2018 of $298.8 million, with GAAP net income of $2.7 million, or $0.04 per diluted share. Non-GAAP net income for the fiscal third quarter of 2018 was $50.6 million, or $0.78 per diluted share. Non-GAAP net income for fiscal second quarter of 2018 was $107.8 […]
Equinix’s quarterly revenues increased 28% year-over-year to $1.216 billion; a 10% year-over-year increase on a normalized and constant currency basis. Peter Van Camp, Executive Chairman and Interim CEO and President, Equinix, stated: “As Equinix approaches its 20th anniversary, we are excited to post our 61st quarter of consecutive revenue growth, which is reflective of the […]
Orange Business Services named Dr. Helmut Reisinger as its new chief executive officer, replacing Thierry Bonhomme, who becomes special advisor to the Chairman and CEO of Orange before retirement later this year. Helmut will report to Stéphane Richard, Chairman and CEO of Orange, and will be a member of the Group’s Executive Committee. Most recently […]
TidalScale, a start-up based in Campbell, California, is on a mission to build the world’s largest virtual servers based on Intel x86 commodity hardware. The company’s “inverse” hypervisor combines multiple physical servers (including their associated CPUs, memory storage and network) into one or more large software-defined virtual servers. This is the inverse equivalent of VMware […]
Nokia will sell its Digital Health business to Éric Carreel, co-founder and former chairman of Withings. Financial terms were not disclosed. Digital Health’s business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners.
The OPNFV Project announced its sixth OPNFV platform release: OPNFV Fraser, advancing the state of NFV around cloud native applications and new upstream project integration while continuing end user support as they deploy and test virtualized networks. OPNFV provides the platform and tooling required by developers to validate, integrate, onboard, and test NFVI, VIM, VNFs, […]
Cisco agreed to sell its Service Provider Video Software Solutions (SPVSS) business to a company backed by the Permira Funds. Financial terms were not disclosed. Permira Funds will create a new, rebranded company focused on developing and delivering video solutions for the Pay-TV industry. The new company’s portfolio includes Cisco’s Infinite Video Platform, cloud digital […]
Cisco, agreed to acquire Accompany, a start-up developing an AI-driven relationship intelligence platform, for $270 million in cash. Accompany, which is based in Los Altos, California, offers business insights for finding new prospects, navigating the selling process, and strengthening relationships. Accompany Founder and CEO Amy Chang will join Cisco as senior vice president in charge of […]
Seaborn Networks will use Xtera’s wideband repeater to enable C+L band capability for its new ARBR cable between São Paulo and Buenos Aires. The ARBR submarine fibre optic cable system, which is a fully-funded project developed jointly by Seaborn Networks and the Werthein Group. The 2,700 km open system, 4-fibre pair, 48Tbps, direct PoP-to-PoP subsea […]
Juniper Networks reported net revenues of $1,082.6 million for the first quarter of 2018, a decrease of 11% year-over-year and 13% sequentially. GAAP operating margin was 5.1%, a decrease from 12.8% in the first quarter of 2017, and a decrease from 16.4% in the fourth quarter of 2017. GAAP net income was $34.4 million, a […]
MACOM reported revenue of $150.4 million for its fiscal second quarter ended March 30, 2018, a decrease of 19.2% compared to $186.1 million in the previous year fiscal second quarter and an increase of 14.9% compared to $130.9 million in the prior fiscal quarter. Gross margin was 43.6%, compared to 37.0% in the previous year […]
American Tower reported revenue of $1.742 billion for Q1 2018, up 7.8% over last year. “The strong demand we experienced in late 2017 for our telecommunications real estate further accelerated in the U.S. as well as in our Latin America and EMEA regions in the first quarter of 2018. Notably, record levels of new business […]
Here are some networking notes from Facebook’s F8 developer conference this week in San Jose, California: Facebook is fully invested in the Messenger platform. Businesses are using Messenger to handle 8 billion customer messagers per month Messenger is adding real-time translation between major languages Facebook has attracted over 200,000 independent developers for Messenger Facebook is […]
