F5’s quarterly revenue of 11% yoy, cites macro economics for 9% job cuts
F5 reported revenue of $703 million for its second quarter of fiscal year 2023 revenue, up 11% from $634 million in fiscal year 2022.…
A journal for networking and telecoms
A journal for networking and telecoms
Corporate strategy coverage
Following earnings, leadership changes, acquisitions, divestitures, funding, partnerships and capital allocation across networking, telecom, cloud and AI infrastructure.
Coverage architecture
Converge Digest tracks the business decisions that determine how infrastructure markets evolve. Coverage includes quarterly results, guidance, executive transitions, mergers and acquisitions, venture funding, restructuring, strategic partnerships, manufacturing investment and the capital programs behind new network and compute capacity.
Revenue, margins, guidance, backlog, capital expenditure and segment trends.
Latest reporting ↓02Acquisitions, divestitures, integrations and portfolio restructuring.
Latest reporting ↓03CEO and board transitions, organizational changes and operating priorities.
Latest reporting ↓04Funding rounds, strategic investments, joint ventures and ecosystem agreements.
Latest reporting ↓Latest reporting
F5 reported revenue of $703 million for its second quarter of fiscal year 2023 revenue, up 11% from $634 million in fiscal year 2022.…
Seagate Technology Holdings announced a settlement agreement with the U.S. Department of Commerce’s Bureau of Industry and Security that resolves allegations that Seagate’s sales…
Ericsson reported flat organic sales in Q1 of SEK 62.6 billion (approximately US$6.05 billion), as sales for its Networks business unit declined by 2%…
Ericsson announced a five-year R&D partnership valued at more than CAD 470 million with the Government of Canada. The investment will see Ericsson expands…
AWS faces short-term headwinds, writes Amazon CEO Andy Jassy in a letter to investors dated 13-April-2023, due to companies “being more cautious in spending…
Ekinops reported consolidated revenue of €31.9 million, up +15 and in line with annual guidance of more than +12% revenue growth on a full-year…
EFFECT Photonics announced the appointments of Dr. Ted Schmidt as Senior Vice President of Product Development, Tony Englese as Vice President of Operations, and…
The National Telecommunications and Information Administration (NTIA) issued a public request for comment on whether the U.S. goververnment should adopt policies governing artificial intelligence…
Citing customer inventory corrections which impacted its Subscriber Solutions product line, ADTRAN announced that its preliminary revenue for Q1 is now expected to be…
The Innovative Optical and Wireless Network Global Forum will host its third annual member meeting in Osaka, Japan, from 25-27 April, 2023, at the…
Deutsche Telekom has increased its ownership stake in T-Mobile US to 50.2%, up from 43% at the time the Sprint merger was completed three…
Huawei announced a US$20 million expansion of its Singapore R&D operations. OpenLab 3.0 represents a US$20 million upgrade of Huawei’s R&D operations in Asia…
Ciena reaffirmed its previously-issued guidance for its fiscal second quarter and full year 2023, along with its previous statements with respect to both the…
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