Financials

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%...

 In its Q2 financial report, Amazon disclosed that AWS segment sales increased 12% year-over-year to $22.1 billion. AWS segment operating income was $5.4 billion, compared with operating income of $5.7...

Cloudflare reported Q2 venue of $308.5 million, representing an increase of 32% year-over-year. Non-GAAP net income was $33.7 million, compared to $0.3 million in the second quarter of 2022. Non-GAAP...

MACOM announced the appointment of Wayne Struble as Senior Vice President, Advanced Semiconductor Technology. Struble, who has served as a MACOM Distinguished Fellow of Technology since joining MACOM in 2010,...

Extreme Networks posted sales of $363.9 million for its ffourth quarter ended June 30, 2023., up 31% year-over-year, and up 9% quarter-over-quarter. Non-GAAP diluted EPS $0.33, compared to $0.15 in...

Mubadala, the Abu Dhabi sovereign investment company, has acquired a minority stake in Aligned Data Centers, alongside majority partners managed by Macquarie Asset Management. Aligned offers both Scale Data Centers (colocation)...

Lumen Technologies reported revenue $3.661 billion for the second quarter 2023, compared to $4.612 billion for the second quarter 2022. The company recorded a Net Loss of $(8.736) billion for...

Cambium Networks reported Q2 evenues of $59.5 million, a decrease of 23% sequentially, and an increase of 14% year-over-year. There was a net loss of $2.6 million or $0.10 per...

Nile, a start-up based in San Jose, California, closed a $175 million Series C investment round, bringing its total funding to date to $300 million. Nile, which emerged from stealth...

Cisco has acquired Code BGP, a privately held BGP monitoring company based in Greece. Financial terms were not disclosed. Code BGP was founded in 2021 by Fontas Dimitropoulos, Vasileios Kotronis...

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a global asset management firm, agreed to acquire New Relic for $87.00 per share...

Arista Networks reported record revenue of $1.459 billion for Q2 2023, an increase of 8.0% compared to the first quarter of 2023, and an increase of 38.7% from the second...

BT Group plc selected Allison Kirkby as its next Chief Executive, replacing Philip Jansen as Chief Executive around the end of January 2024 at the latest. Kirkby currently serves as...