VMware sales rise 12% YoY as subscription and SaaS revenue grows
VMware reported quarterly revenue of $2.73 billion, an increase of 12% from the first quarter of fiscal 2020. GAAP net income for the first quarter was $386 million, or $0.92...
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OneWeb looks to increase its constellation up to 48,000 satellites
OneWeb, which filed for Chapter 11 bankruptcy protection in March, is now asking the FCC for permission to increase the size of its planned constellation up to 48,000 LEO satellites....
Marvell posts sales of $694 million citing growth in data center and 5G
Marvell Technology Group reported quarterly revenue of $694 million, which exceeded the midpoint of the company's guidance provided on March 4, 2020. GAAP net loss for the first quarter of...
Dell’Oro: Optical Transport Equipment sales for DCI up 13% in Q1
Sales of optical transport equipment used for data center interconnect (DCI) increased 13 percent year-over-year in 1Q 2020, according to a new report from Dell’Oro Group,. The top three vendors...
Canadian court rules extradition process can continue for Huawei exec
A Canadian court has ruled that the extradition process of Huawei CFO Meng Wanzhou to the United States to face fraud charges may continue. The question at hand was whether...
KKR to invest $1 billion in European data center venture
KKR, a leading global investment firm, will make a $1 billion equity capital commitment in the formation of Global Technical Realty (“GTR”), a build-to-suit and roll-up acquisition data center platform...
650 Group: Ethernet switch market dropped 10% YoY in Q1
The Ethernet Switch Market declined nearly 10% Y/Y on weak campus and data center results in 1Q20, declining to approximately $7 billion, according to a newly released report from 650...
GTT announces resignation of its CEO
Richard D. Calder will step down as president and CEO of GTT, effective on June 1, 2020. “We appreciate the many accomplishments Rick has achieved since joining GTT as CEO...
Sparkle activates PoP in Salvador, Brazil
Sparkle activated a new Point of Presence (PoP) in Salvador, Brazil. This adds to the ten existing points of presence in the country – in Sao Paulo, Rio De Janeiro...
Semtech posts quarterly sales of $133 million
Semtech Corporation reported Q1 FY2021 net sales of $132.7 million. GAAP EPS amounted $0.15 and non-GAAP EPS was $0.35.Highlights for the First Fiscal Quarter 2021Net bookings grew 22% sequentially led...
Nutanix posts quarterly sales of $318 million, up 11%
Nutanix reported revenue of $318.3 million for its third quarter of fiscal 2020, ended April 30, 2020, up 11% year-over-year from $287.6 million in the third quarter of fiscal 2019....
Aruba introduces “Instant On” 1930 Series of smart-managed switches
Aruba introduced a new series of switches that enable small businesses to deploy a unified, high-speed network that is easy to set-up, manage and maintain. The new Aruba Instant On...
Mobile operator survey: 81% say progress toward 5G is moving rapidly
Approximately 30% of mobile service providers are already proactively planning to add 5G standalone capabilities to their networks, and another 9 percent say their companies will move directly to standalone,...
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