Financials

Citing solid demand with over 30% total sequential product order growth with double-digit increases across all customer markets, Cisco reported revenue of $15.2 billion, net income on a generally accepted...

Coherent Corp. reported revenue of $1.205 billion for the quarter ending 30-June-2023.  Non-GAAP EPS amounted to $0.41. Both figures were at the high end of the company’s guidance. The company...

Cisco agreed to acquire Working Group Two (WG2), a Norwegian company built from a Telenor incubation together with Cisco, that pioneered a cloud native mobile core as-a-service platform. Financial terms...

Radisys completed its previously announced acquisition of Mimosa Networks, a subsidiary of Airspan Networks. Mimosa brings a diverse portfolio of point-to-point and point-to-multi-point connectivity products leveraging unlicensed spectrum bands. These...

Huawei reported revenue of CNY310.9 billion for 1H2023, with a year-on-year increase of 3.1% and a net profit margin of 15.0%.  The company's ICT infrastructure business contributed CNY167.2 billion, its...

 VIAVI reported revenue of $263.6 million for its fourth fiscal quarter ended July 1, 2023, down from $335.3 million for the same period a year earlier. GAAP net loss was...

Zayo announced the addition of Bill Smith to its board of directors.  Smith most recently served as the interim CEO of PG&E – one of the nation’s largest utility companies...

For Q2 2023, Deutsche Telekom Group service revenue was up 1.4 percent to 23.0 billion euros (up 3.2 percent in organic terms), while net revenue was down 2.4 percent to...

GlobalFoundries Inc. (GF) reported Q2 revenue of $1,845 million, net income of $237 million, and adjusted net income of $297 million. Gross margin was 28.8% and adjusted gross margin was...

Infinera reported Q2 GAAP revenue of $376.2 million compared to $392.1 million in the first quarter of 2023 and $358.0 million in the second quarter of 2022. GAAP gross margin...

Tareq Amin has stepped down as Rakuten Mobile Representative Director and Co-CEO effective 07-August-2023. On LinkedIn, Amin expressed gratitude to Rakuten employees and leadership, saying he looks forward to new...

MaxLinear and Silicon Motion each issued press releases accusing the other of bad faith in their merger agreement, which MaxLinear terminated unilaterally on July 26th. MaxLinear cited multiple grounds for...

Adtran reported Q2 revenue of $327.4 million, up 90% year-over-year and 1% quarter-over-quarter. Net loss attributable to the company for the second quarter of 2023 was $33.3 million, down 1,655%...