Showing posts with label Earnings. Show all posts
Showing posts with label Earnings. Show all posts

Wednesday, February 10, 2016

Hortonworks Sees Q4 Revenues Rise 196%

Hortonworks reported revenue of $37.4 million for the fourth quarter of 2015, an increase of 196 percent compared to the fourth quarter of 2014. Gross billings were $52.1 million for the quarter, a 63 percent increase over gross billings of $31.9 million in the same period last year. There was a GAAP gross profit of $21.7 million for the fourth quarter of 2015, compared to gross loss of $46.2 million in the same period last year.

"We are pleased with our fourth quarter performance, which was highlighted by support subscription revenue growth of 146% year-over-year," said Rob Bearden, chief executive officer and chairman of the board of directors of Hortonworks. "We more than doubled our customer base in 2015 and exited the year with over 800 customers. As evidenced by our 159% dollar-based net expansion rate over the trailing four quarters, we are excited to serve as the preferred IT partner during this transformational period in the data management industry."

http://www.hortonworks.com

Tuesday, July 28, 2015

Radisys Posts Revenue of $47 Million

Radisys reported consolidated revenue of $47.0 million for Q2 2015, and non-GAAP earnings per share of $0.03, an increase of $0.10 year-on-year.

For the second quarter of 2015, Software-Systems revenue was $14.2 million, compared to $9.7 million in the prior quarter and $10.4 million in the second quarter of 2014, representing increases of 46% and 36%, respectively. Revenue growth was primarily driven by accelerating MediaEngine deployments in support of VoLTE rollouts, including partial delivery of the $11M order noted above, and revenue tied to acceptance of FlowEngine lab systems.

Embedded Products revenue was $32.9 million, compared to $39.0 million in the prior quarter and $39.6 million in the second quarter of 2014. While revenue was down both sequentially and year-on-year largely resulting from legacy end-of-life product transitions, Embedded Products revenue came in above expectations due to continued strength from the segment’s core customer base.

“In the second quarter, we continued to generate further momentum across our business, specifically within Software-Systems with strong revenue growth both sequentially and year-on-year,” said Brian Bronson, Radisys President and CEO. “Most notably, during the quarter we received an $11 million follow-on order from a large Asian carrier that selected our MediaEngine platform to enable all media processing in its VoLTE rollout. Also strategically significant during the quarter was the acceptance of additional FlowEngine lab units by the large North American carrier we are engaged with representing another tangible proof point for our new products. We continue to expect initial orders from this carrier for commercial deployments later in the second half of 2015.”

http://www.radisys.com

Thursday, July 9, 2015

Barracuda Networks Hits Revenue of $78 Million, up 18% YoY

Barracuda Networks reported revenue of $78.0 million for its first quarter of fiscal 2016, up 18% from $66.2 million in the first quarter of fiscal 2015.  Appliance revenue in the first quarter of fiscal 2016 grew to $23.7 million, up from $20.8 million in the first quarter of fiscal 2015, and recurring subscription revenue grew to $54.3 million in the first quarter of fiscal 2016, up from $45.4 million in the first quarter of fiscal 2015, representing 70% of total revenue.

However, there was a GAAP net loss for the quarter of $3.8 million, or $0.07 loss per share, based on a basic share count of 53.0 million.

"We delivered revenue and non-GAAP EPS at the top end of our targeted range," said BJ Jenkins, president and CEO. "During the quarter, we grew total active subscribers, increased gross margin and maintained a 92.5% dollar-based renewal rate, speaking to the underlying strength of our business model."

https://investors.barracuda.com/company/investor-relations/default.aspx


Tuesday, February 3, 2015

Radisys Posts Q4 Revenue of $48.2 Million

Radisys reported fourth quarter 2014 revenues of $48.2 million and a GAAP net loss of $4.5 million or $0.12 per diluted share. Fourth quarter non-GAAP profit was $0.4 million or $0.01 per diluted share.

Going forward, Radisys will report revenue and profitability in two segments: Software-Systems and Embedded Products and Hardware Services. The company's 2015 expectations for these two segments are:

  • Software-Systems: Revenue growth of 10% to 20%, Gross Margins of 55% to 65% and an operating loss of $2 to $8 million. Growth will be enabled by a focus on VoLTE market opportunities with the company's MediaEngine products, providing wire-speed packet classification and load balancing for NFV telecom architectures with FlowEngine products and royalty growth resulting from its CellEngine software suite of products moving into small cell commercial deployments.
  • Embedded Products and Hardware Services: Revenue decline of approximately 20%, gross margins of 25% to 30% and operating profit of $13 million to $17 million. 

“Over the last two years we have made incredible strategic progress in our core focus areas while simultaneously improving the operational execution of the company. This has positioned Radisys to enjoy meaningful growth opportunities in all of our Software-Systems product lines while at the same time benefiting from the stability and increasing levels of profitability within our Embedded Products business," stated Brian Bronson, Radisys President and Chief Executive Officer.

http://investor.radisys.com/phoenix.zhtml?c=90237&p=irol-irhome

Wednesday, November 19, 2014

Salesforce Revenues Up 29% YoY, 2015 Guidance Increased

Salesforce reported Q3 revenue of $1.38 billion, an increase of 29% year-over-year, and 30% in constant currency.  Subscription and support revenues were $1.29 billion, an increase of 28% year-over-year.  Professional services and other revenues were $95 million, an increase of 33% year-over-year.  There was a GAAP loss per share of ($0.06), and diluted non-GAAP earnings per share was $0.14.

"Salesforce continues to be the fastest growing top 10 software company, with constant currency revenue and deferred revenue growth of 30% or more year-over-year," said Marc Benioff, Chairman and CEO, Salesforce. "Given the tremendous response to our Customer Success Platform, I'm delighted to announce a fiscal 2016 revenue projection of $6.5 billion at the high end of the range."

Revenue for the company's full fiscal year 2015 is projected to be approximately $5.365 billion to $5.370 billion, an increase of 32% year-over-year.

http://www.salesforce.com

Tuesday, January 28, 2014

AT&T: Smartphone Penetration at 77% of Postpaid Base

AT&T reported Q4 2013 consolidated revenues of $33.2 billion, up 1.8 percent versus the year-earlier period.  Q4 net income totaled $6.9 billion, or $1.31 per diluted share, compared to $(3.9) billion, or $(0.68) per diluted share, in the year-earlier quarter. Adjusting special items, earnings per share was $0.53 compared to an adjusted $0.44 in the year-ago quarter, an increase of 20.5 percent.

AT&T said it is on track to deliver the financial targets laid out with Project VIP. It expects consolidated revenue growth in the 2 to 3 percent range for 2014, including strength in wireless service and wireline consumer revenues. The company also expects stable consolidated margins with continued improvement in wireless margins helping offset Project VIP pressure in wireline. Adjusted earnings per share growth is expected to be in the mid-single digit range excluding any impact from future share buybacks.

AT&T expects capital expenditures in the $21 billion range. Free cash flow is expected to be in the $11 billion range.

Some Wireless Operational Highlights

Wireless Service Revenues -- total wireless revenues, which include equipment sales, were up 4.5 percent year over year to $18.4 billion. Wireless service revenues increased 4.8 percent in the fourth quarter to $15.7 billion. Wireless data revenues increased 16.8 percent from the year-earlier quarter to $5.7 billion. Fourth-quarter wireless operating expenses totaled $14.5 billion, down 3.9 percent versus the year-earlier quarter, and wireless operating income was $3.9 billion, up 53.8 percent year over year.

Phone-Only Postpaid ARPU -- Postpaid phone-only ARPU increased 3.9 percent versus the year-earlier quarter. Total postpaid subscriber ARPU, which includes high-margin but lower-ARPU tablets, increased 2.1 percent versus the year-earlier quarter. This marked the 20th consecutive quarter AT&T has posted a year-over-year increase in postpaid ARPU. Postpaid data ARPU increased 15.4 percent versus the year-earlier quarter.

Smartphones and Tablets -- AT&T posted a net increase in total wireless subscribers of 809,000 in the fourth quarter. Subscriber additions for the quarter included postpaid net adds of 566,000. Postpaid net adds include 299,000 smartphones. Total branded smartphone net adds (both postpaid and prepaid) were 529,000. Total branded tablet net adds were 440,000.

Connected device net adds were 398,000 -- Prepaid had a net loss of 32,000 subscribers primarily due to declines in session-based tablets; however, prepaid revenues increased both year over year and sequentially. Reseller had a net loss of 123,000 subscribers primarily due to losses in low-revenue 2G subscriber accounts.

Q4 Postpaid Churn -- The company had its lowest-ever fourth-quarter postpaid churn of 1.11 percent compared to 1.19 percent in the year-ago quarter. Total churn was stable at 1.43 percent versus 1.42 percent in the year-ago quarter.

Smartphones Reach Record 93 Percent of Phone Sales -- AT&T added 1.2 million postpaid smartphones in the fourth quarter. At the end of the quarter, 77 percent, or 51.9 million, of AT&T's postpaid phone subscribers had smartphones, up from 70 percent, or 47.1 million, a year earlier. The company sold 7.9 million smartphones in the quarter. More than 1 million of those smartphone sales were on the new AT&T Next program. Smartphones accounted for a record 93 percent of postpaid phone sales in the quarter. AT&T's ARPU for smartphones is twice that of non-smartphone subscribers. More than half of AT&T's postpaid smartphone customers now use an LTE device, and 77 percent use a 4G-capable device (LTE/HSPA+).

Some Wireline Operational Highlights

Wireline Revenues -- Total Q4 wireline revenues were $14.7 billion, down 1.4 percent versus the year-earlier quarter and up 0.3 percent sequentially. Wireline service revenues were down 0.7 percent year over year. Total U-verse revenues grew 27.9 percent year over year and were up 7.0 percent versus the third quarter of 2013. Fourth-quarter wireline operating expenses were $13.3 billion, up 1.0 percent versus the fourth quarter of 2012. AT&T's wireline operating income totaled $1.5 billion, down 18.8 percent versus the fourth quarter of 2012. Fourth-quarter wireline operating income margin was 9.9 percent, down versus 12.0 percent in the year-earlier quarter, primarily due to declines in voice revenues, success-based growth, U-verse content costs and costs incurred as part of Project VIP.

Consumer Revenues Increase 2.9 Percent -- Revenues from residential customers totaled $5.6 billion, an increase of 2.9 percent versus the fourth quarter a year ago and up 1.3 percent sequentially. Continued strong growth in consumer IP data services in the fourth quarter more than offset lower revenues from voice and legacy products. U-verse, which includes TV, high speed Internet and voice over IP, now represents 57 percent of wireline consumer revenues, up from 46 percent in the year-earlier quarter. Consumer U-verse revenues grew 26.8 percent year over year and were up 6.8 percent versus the third quarter of 2013.

U-verse TV Churn -- Total U-verse subscribers (TV and high speed Internet) reached 10.7 million in the fourth quarter. U-verse TV had the lowest-ever churn in its history. U-verse TV added 194,000 subscribers in the fourth quarter with an increase of 924,000 for the full year to reach 5.5 million in service. AT&T has more pay TV subscribers than any other telecommunications company. U-verse high speed Internet had a record fourth-quarter net gain of 630,000 subscribers, to reach a total of 10.4 million, and a record annual increase of 2.7 million, or 34 percent. Overall, total wireline broadband subscribers were essentially flat in the quarter but grew year over year. Total wireline broadband ARPU was up more than 7 percent year over year. Total U-verse high speed Internet subscribers now represent 63 percent of all wireline broadband subscribers compared with 47 percent in the year-earlier quarter.

About 59 percent of U-verse broadband subscribers have a plan delivering speeds up to 12 Mbps or higher.

Some Business Services Operational Highlights

Total revenues from business customers were $8.8 billion, down 3.4 percent versus the year-earlier quarter, and were essentially flat from the third quarter.

Revenues for next-generation business solutions — including VPN, Ethernet, cloud, hosting and other advanced IP services — grew 17.4 percent versus the year-earlier quarter. These services represent a $9 billion annualized revenue stream and are more than a quarter of business wireline revenues. During the fourth quarter, the company also added 78,000 business U-verse high speed broadband subscribers.

http://www.att.com/gen/press-room?pid=25228&cdvn=news&newsarticleid=37405

Tuesday, October 22, 2013

Broadcom Posts Revenue of $2.15 Billion, Announces 1,150 Job Cuts

Broadcom reported net revenue was $2.15 billion for the third quarter of 2013, up 2.7% compared with the $2.09 billion reported for the second quarter of 2013 and an increase of 0.8% compared with the $2.13 billion reported for the third quarter of 2012. Net income GAAP) was $316 million , or $0.55 per share (diluted), compared with a GAAP net loss of $251 million , or $0.43 per share (basic and diluted), for the second quarter of 2013 and GAAP net income of $220 million , or $0.38 per share (diluted), for the third quarter of 2012.

"Broadcom delivered better-than-expected results across the board in the September quarter," said Scott McGregor, Broadcom's President and Chief Executive Officer. "With the Renesas transaction closed, the combined team is working diligently to deliver LTE revenue in early 2014. Looking forward, we are taking the necessary steps to tightly manage the business while focusing on strategic initiatives, including LTE, data center innovation and driving the next generation of home video with HEVC."

Broadcom also noted that it has launched a global restructuring plan that includes a workforce reduction of up to 1,150 employees (some of whom originated from the Renesas acquisition). In connection with the plan, Broadcom recorded restructuring costs of $12 million in the third quarter of 2013 and anticipates that it will record approximately $20 million in restructuring costs in the fourth quarter of 2013.

http://www.broadcom.com/investors


  • In September 2013, Broadcom agreed to acquire LTE-related assets from affiliates of Renesas Electronics Corporation for approximately $164 million in cash. Broadcom is gaining a dual-core LTE SoC that is ready for volume production and is carrier-validated by leading global operators in North America, Japan and Europe. Broadcom also receives high-quality multimode, multiband, LTE-A/HSPA+/EDGE modem IP that includes support for leading-edge features such as Carrier Aggregation and VoLTE. The acquisition adds quality patents and applications to Broadcom's IP portfolio and brings some of the world's most experienced cellular engineers to Broadcom.  Broadcom said the deal will accelerate the launch of its first multimode, carrier-validated LTE SoC platform, which is now expected in early 2014. 

Wednesday, May 15, 2013

Cisco Delivers Solid Results, Sales Hit $12.2 Billion

Cisco reported third quarter net sales of $12.2 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.5 billion or $0.46 per share, and non-GAAP net income of $2.7 billion or $0.51 per share.

"Cisco is executing at a very high level in a slow, but steady economic environment. We are especially pleased with our ninth consecutive record revenue quarter. We are starting to see some good signs in the US and other parts of the world which are encouraging," stated Cisco Chairman and CEO John Chambers. "We have the right products, the right solutions and our customers are coming to us to solve their biggest business problems. The pace of change is increasing and Cisco is well positioned."


Some highlights for the quarter:


  • Ninth consecutive quarter of record revenue and non-GAAP net income.
  • Hottest areas: cloud data center sales were up 77%, wireless up 27, Service Provider Wi-Fi- up >100%, SP video up 30%
  • John Chambers said the company is planning for slow, steady recovery in the U.S. and elsewhere.
  • Regionally: Americas grew 7%, EMEA was flat at 0%, APC was 1%
  • By customer segment: Enterprise sales grew 3%, Public sector grew 1%, Commercial were up 3% and Service Provider sales grew 8%
  • The book-to-bill ratio is approximately 1.


http://www.cisco.com

Wednesday, May 1, 2013

JSDU Reports Quarterly Sales of $405 Million, Cites Delayed Carrier Spending


JDSU reported GAAP net revenue  $405.3 million for its fiscal quarter ending 30-March-2013, with net loss of $(28.0) million, or $(0.12) per share.  Prior quarter net revenue was $429.4 million, with net income of $4.1 million, or $0.02 per share. Net revenue for the same period a year ago was $403.3 million, with net loss of $(17.4) million, or $(0.08) per share.

“The March quarter experienced delayed carrier capex budget releases resulting in lower revenue than expected in our Communications Test and Measurement and Optical Communications businesses,” said Tom Waechter, President and CEO of JDSU. “Despite the revenue challenges, the JDSU team delivered solid results in most areas of the business. Our innovation engine and product portfolio align well with our customers’ strategic priorities, enabled by healthy cash generation and our strong balance sheet.”

http://www.jdsu.com

Tuesday, April 30, 2013

Cavium Posts 4.8% Sequential Sales Increase in Q1, Net Loss of $3.2M


Cavium reported Q1 2013 revenue of $69.5 million, a 4.8% sequential increase from the $66.4 million reported in the fourth quarter of 2012. Net loss (GAAP) was $3.2 million, or $(0.06) per diluted share compared to $78.8 million, or $(1.56) per diluted share in the fourth quarter of 2012.

http://www.cavium.com

Monday, April 29, 2013

Riverbed Posts Q1 Revenue of $246 Million, WAN Optimization Grows 6%


Riverbed reported Q1 revenue of $246 million, compared to $182 million in the first quarter of 2012, representing 35% year-over-year growth.  This includes $52 million contributed by OPNET, which Riverbed recently acquired. GAAP net loss for Q1'13 was $8.1 million, or $0.05 per diluted share, compared to GAAP net income of $6.9 million, or $0.04 per diluted share, in Q1’12.

”Non-GAAP revenue grew thirty-eight percent over the prior year and ten percent without the benefit of $52 million contributed by OPNET in the quarter,” said Jerry M. Kennelly, chairman and CEO. “Despite weak government spending and general economic softness impacting results, WAN optimization revenue increased six percent year-over-year,” continued Kennelly. “Our market expanding products outside of WAN optimization and OPNET generated more than 40% year-over-year growth. Over the long-term, we believe our multi-product strategy to deliver unmatched application performance will allow us to accelerate the company’s revenue growth.”

http://www.riverbed.com

Thursday, April 25, 2013

NETGEAR Posts Lower Sales for Q1, Cites Product Transition Issues

NETGEAR reported Q1 net sales of $293.4 million, as compared to $325.6 million for the first quarter ended April 1, 2012, and $310.4 million in the fourth quarter ended December 31, 2012.  Net income  (GAAP) was $15.3 million, or $0.39 per diluted share.  This compares to GAAP net income of $25.1 million, or $0.65 per diluted share, for the first quarter of 2012, and GAAP net income of $16.1 million, or $0.41 per diluted share, in the fourth quarter of 2012. Gross margin on a non-GAAP basis in the first quarter of 2013 was 30.5%, as compared to 31.0% in the year ago comparable quarter, and 30.0% in the fourth quarter of 2012.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR commented, "The lower than expected operating margin in the first quarter was driven by product mix, primarily due to difficulties in the transition to our new ReadyNAS line of products. The transition occurred late in the quarter and difficulty securing components and some last minute bug fixes led to unanticipated delays. This marked the first time we completely replaced an entire line of products, which involved obsoleting ten models and replacing them with seven brand new models. The execution was much harder than anticipated and we learned a valuable lesson in engineering and manufacturing planning. The good news is that our supply is now in full swing and customer feedback on the new product line has been very positive."


"We continue to see large market opportunities created by the ever expanding access to high speed Internet connectivity among consumers and businesses.  We are very focused today on building our product portfolios for intermediate and long term growth in all three of our business units. In retail, we continue to gain traction with the 11ac upgrade cycle and we are gaining share in the Smart Home space, specifically with our Internet video streaming solutions. In our Commercial Business Unit, the launches of the new ReadyNAS and 10GBaseT switches in the first quarter were received enthusiastically by the market, positioning us for growth in the months and years ahead. And in our Service Provider Business Unit, we introduced our first LTE gateway into the North American fixed mobile data market and have attracted interest from multiple service providers."

http://www.netgear.com

Radisys Posts Q1 Revenue of $68.2 Million

Radisys reported Q1 revenues of $68.2 million and a GAAP net loss of $6.6 million or $0.23 per share. ATCA and software solutions revenue amounted to $46.5 million, or 68% of total revenue.

Radisys noted its first revenue generating shipments of its new Media Resource Function (MRF), the MPX-12000, which will provide Rich Communication Services (RCS) capabilities in a network being rolled out by a tier one carrier in Asia.

The company also noted that platform design wins in Q1 are expected to result in approximately $60 million of revenue over the next five years.

"I am pleased that along with successfully meeting a number of key product development and operational objectives set seven months ago, our first quarter revenue and profitability met our guidance. During the first quarter, we released essential features that enabled the recognition of our first MPX-12000 (MRF) revenue. The funnel for our new MRF is strong and we are in multiple trials with carriers in Voice over LTE applications as well as enabling RCS in the IP Multimedia Subsystem (IMS) core. We also are seeing nice traction in our solutions business which takes our breadth of technology to develop products for our customers such as load balancing, edge routing, intelligent gateways and compact packet cores," stated Brian Bronson, Radisys' President and CEO.

http://www.radisys.com


Wednesday, April 24, 2013

F5 Posts Revenue of $365.5 Million, Down 4%

F5 Networks reported revenue of $350.2 million for its second quarter of fiscal 2013, down four percent from $365.5 million in the prior quarter and up three percent from $339.6 million in the second quarter of fiscal 2012.  GAAP net income was $63.4 million ($0.80 per diluted share) compared to $69.5 million ($0.88 per diluted share) in the first quarter of 2013 and $68.6 million ($0.86 per diluted share) in the second quarter a year ago.

“As we indicated in our announcement of preliminary results on April 4, service provider revenues for the second quarter came in significantly below our expectations,” said John McAdam, F5 president and chief executive officer.  “We believe this was primarily due to project delays, which caused customers to postpone orders that we had expected to close during the quarter. The weakness in sales to service providers was especially pronounced in North America. In addition, sales to the Federal government were also below our internal forecast as a consequence of continuing uncertainty over the impact of sequestration and other efforts to reduce Federal spending.

http://www.f5networks.com


Infinera Posts Q1 Revenue of $124.6 Million, Loss Narrows


Infinera reported Q1 revenue of $124.6 million, compared to $128.1 million in the fourth quarter of 2012 and $104.7 million in the first quarter of 2012.  The GAAP gross margin for Q1 was 34% compared to 34% in the fourth quarter of 2012 and 39% in the first quarter of 2012.  GAAP net loss for the quarter was $(15.3) million, or $(0.13) per share, compared to net loss of $(16.1) million, or $(0.14) per share, in the fourth quarter of 2012 and net loss of $(20.6) million, or $(0.19) per share, in the first quarter of 2012.

“Our first quarter performance demonstrated solid execution in a traditionally slow quarter for the industry,” said Tom Fallon, president and chief executive officer.  “The DTN-X platform continued to gain traction in the market.  During the quarter, we received purchase commitments from six additional customers, including two new to Infinera, for a total of 27 DTN-X customer commitments to date.  Customer deployments were strong and we shipped a record number of 100G ports.

http://www.infinera.com

Tuesday, April 23, 2013

AT&T: Wireless Data Revenue up 21% in Q1

Citing a 21% surge in wireless data revenues, AT&T reported consolidated Q1 2013 revenues of $31.4 billion, down 1.5 percent versus the year-earlier quarter and up 0.9 percent when excluding revenues from the divested Advertising Solutions business unit. Net income totaled $3.7 billion, or $0.67 per diluted share, up from $3.6 billion, or $0.60 per diluted share, in the year-earlier quarter.

“Our wireless network performance continues to be terrific,” said Randall Stephenson, AT&T chairman and CEO. “And that helped drive our best ever first quarter for smartphone sales, improved wireless churn and strong growth in mobile data revenues. We also posted record sales of our U-verse high-speed IP service. Across all of these areas, we’ve built a solid foundation for future growth in mobile Internet and IP broadband, which will only expand as we progress with Project VIP.”

Some highlights for Q1:

  • Project VIP is ahead of schedule. Nearly 90 percent of the LTE buildout covering AT&T's 300 million POPs will be completed by year end.
  • CAPEX for 2013 is now expected in the $21 billion range. CAPEX for 2014 and 2015 are expected to be in the $20 billion range for each year, with no reduction in the Project Velocity IP (VIP) broadband expansion. Previously, the company expected capital spending of $22 billion annually in 2014 and 2015. AT&T is achieving savings through greater integration efficiencies in Project VIP, accelerating LTE build in 2013 and other ongoing initiatives.

Wireless

  • Total wireless revenues, which include equipment sales, were up 3.4 percent year over year to $16.7 billion.
  • Wireless service revenues increased 3.4 percent in the first quarter, to $15.1 billion. Wireless data revenues increased 21.0 percent from the year-earlier quarter to $5.1 billion. First-quarter wireless operating expenses totaled $12.0 billion, up 3.2 percent versus the year-earlier quarter, and wireless operating income was $4.7 billion, up 4.1 percent year over year.
  • AT&T added 291,000 wireless subscribers in the first quarter. Subscriber additions for the quarter included postpaid net adds of 296,000. Postpaid net adds reflect 365,000 postpaid tablets added in the quarter. Connected device net adds were 431,000.
  • Prepaid had a net loss of 184,000 subscribers primarily due to declines in session-based tablets and declines in GoPhone. Reseller had a net loss of 252,000.
  • AT&T added 1.2 million postpaid smartphone subscribers in Q1.
  • 72 percent, or 48.3 million, of AT&T's postpaid phone subscribers have smartphones, up from 61 percent, or 41.2 million, a year earlier.
  • Smartphones represented 81 percent of postpaid device sales and 88 percent of postpaid phone sales in the quarter.
  • AT&T’s ARPU for smartphones is about twice that of non-smartphone subscribers, and about 90 percent of postpaid subscribers are on FamilyTalk, Mobile Share or business plans.
  • About 60 percent of AT&T’s postpaid smartphone customers now use a 4G-capable device, with more than half of those using LTE devices.

Wireline

  • Total first-quarter wireline revenues were $14.7 billion, down 1.8 percent versus the year-earlier quarter and down 1.8 percent sequentially.
  • Total U-verse revenues grew 31.5 percent year over year and were up 5.0 percent versus the fourth quarter of 2012.
  • Total U-verse subscribers (TV and high speed Internet) reached 8.7 million in the first quarter.
  • U-verse TV added 232,000 subscribers, its best net gain in nine quarters, to reach 4.8 million in service. U-verse High Speed Internet delivered a best-ever net gain of 731,000 subscribers to reach a total of 8.4 million. Overall, the company added 124,000 wireline broadband subscribers, the best quarterly increase in eight quarters.
  • More than 56 percent of U-verse broadband subscribers have a plan delivering speeds up to 10 Mbps or higher — up from 50 percent in the year-ago quarter.
  • Total business revenues were $8.9 billion, down 3.4 percent versus the year-earlier quarter, and business service revenues declined 3.5 percent year over year. Both reflected a slow economy and weak government and business spending.
  • AT&T's most advanced business solutions — including VPN, Ethernet, hosting and other advanced IP services — grew 10.8 percent versus the year-earlier quarter. These services represent a $7.9 billion annualized revenue stream.

http://www.att.com/gen/landing-pages?pid=5718

Juniper Posts Q1 Revenue of $1.059 Billion, up 3% YoY

Juniper Networks reported preliminary revenue for Q1 2013 of $1,059 million, down 7% from Q4'12 and up 3% from Q1'12.  The company posted GAAP net income of $91 million, or $0.18 per diluted share for the first quarter of 2013. GAAP diluted net income per share includes a $0.05 tax benefit related to a tax settlement, a $0.02 pre-tax impact from a litigation charge as well as a $0.01 pre-tax impact from restructuring.

"This was a quarter of modest year-on-year growth driven by renewed demand from service providers and offset slightly by softness in enterprise sectors, including federal and financial services," said Kevin Johnson, chief executive officer of Juniper Networks. "We are seeing increased momentum with our new product offerings as we continue our strategy of innovating in the domain of high-performance networking. We believe Juniper has a strong position in the service provider market and has opportunity in the enterprise business as we continue to grow switching as well as revitalize our security business. We continue to focus on delivering great products, improving operational execution, and managing our costs carefully." 



Wednesday, January 23, 2013

Symmetricom Sales Drop 15% on Lower Wireline Spending


Citing lower U.S. government spending and lower communications service provider spending on wireline-related equipment, Symmetricom reported revenue of $49.2 million for its second quarter of fiscal 2013, down $9.1 million, or 15.6%, compared to the $58.3 million reported for the second quarter of fiscal 2012.  Symmetricom reported a net loss of $1.8 million, or $0.04 per share, for the second quarter of fiscal 2013, compared to net income of $2.4 million, or $0.06 per share, in the second quarter of fiscal 2012.

Symmetricom also announced 20 job cuts as a means of controlling its costs.  The company will also reduce the size of its facility in Santa Rosa, California.

www.symmetricom.com

Monday, January 14, 2013

Radisys Increases Q4 Guidance on Strong Finish to Year


Radisys boosted its financial guidance for Q4 2012 saying it now expects revenue to be near the high end of the range provided on October 30, 2012 and positive non-GAAP earnings per share compared to a previous guidance range of ($0.06) to breakeven.

"A strong finish to the year in our software and solutions business along with continued operational focus enabled us to return to profitability more quickly than originally expected,” commented Brian Bronson, Radisys President and Chief Executive Officer. "Additionally, we generated positive cash flow in the fourth quarter and have adequate liquidity to retire the $16.9 million of convertible debt coming due in February 2013. We will set a specific earnings release and conference call date over the next month. I look forward to sharing the full results for the quarter, go forward guidance, and an update on the strategic objectives we outlined in October at that time."

http://www.radisys.com

Ixia Boosts Q4 Outlook

Ixia increased its Q4 2012 revenue guidance to be in the range of $123.5 million to $124.5 million, above its previously stated guidance range of $118 million to $122 million.

Combined Q4 revenue from its two recent acquisitions, Anue Systems and BreakingPoint Systems is expected to be in the range of $30 to $31 million, compared with its previously stated guidance of $26 to $28 million.

"Ixia delivered an impressive fourth quarter with strong momentum across all of our solutions," commented Vic Alston, Ixia's president and chief executive officer. “The integration of our Anue and BreakingPoint acquisitions is tracking well and we are increasing our presence at enterprise and service provider accounts. Ixia is well positioned to help these customers accelerate and secure the delivery of applications over their mobile and data center networks."

http://www.ixiacom.com

See also