Showing posts with label Financials. Show all posts
Showing posts with label Financials. Show all posts

Thursday, October 19, 2017

ZTE's 9-month revenues rise 7% YoY

ZTE Corporation's revenue in the first nine months of 2017 increased to RMB 76.580 billion (US$11.57 billion), 7.01% higher than last year.

ZTE published guidance calling for a 36.58% increase in net profit for the nine months ended 30 September 2017. Net profit attributable to holders of ordinary shares of the listed company in the first nine months was RMB 3.905 billion, based on the preliminary figures.


Tuesday, October 17, 2017

IBM sees growth in cloud and as-a-service categories

IBM reported Q3 2017 revenue of $19.2 billion, flat compared to a year ago and down 1% yoy when accounting for currency.

In the third quarter, the company generated net cash from operating activities of $3.6 billion, or $3.3 billion excluding Global Financing receivables. IBM’s free cash flow was $2.5 billion. IBM returned $1.4 billion in dividends and $0.9 billion of gross share repurchases to shareholders.

"In the third quarter we achieved double-digit growth in our strategic imperatives, extended our enterprise cloud leadership, and expanded our cognitive solutions business," said Ginni Rometty, IBM chairman, president and chief executive officer. "There was enthusiastic adoption of IBM's new z Systems mainframe, which delivers breakthrough security capabilities to our clients."

Some highlights:

  • Q3 cloud revenues increased 20 percent to $4.1 billion. 
  • Cloud revenue over the last 12 months was $15.8 billion, including $8.8 billion delivered as-a-service and $7.0 billion for hardware, software and services.
  • The annual exit run rate for as-a-service revenue increased to $9.4 billion from $7.5 billion in the third quarter of 2016. 
  • Q3 revenues from analytics increased 5 percent. 
  • Q3evenues from mobile increased 7 percent
  • Q3 revenues from security increased 51 percent (up 49 percent adjusting for currency).
  • IBM continues to make capital investments in cloud and cognitive capabilities.

Thursday, September 28, 2017

A10 expects bump up in Q3 revenue

A10 Networks increased its financial outlook for Q3 2017, saying it now expects revenue to be between $59 million and $60 million, above its prior guidance of $53 million to $57 million. The company also expects to report a profit on a non-GAAP basis.

A10 Networks also announced the departure of Ray Smets, EVP of worldwide sales, effective in the fourth quarter.

Friday, September 1, 2017

Bouygues Telecom grows revenue, subscriber count

Bouygues Telecom reported sales of €2,434 million in the first half of 2017, 6% more than in the first half of 2016. Sales from network also rose 6% to €2,084 million and sales from network excluding incoming traffic rose 7% over the period. The increase in data usage resulting from the decline in voice and text usage is leading to a decrease in sales from network generated by incoming traffic. However, there is no impact on EBITDA, since this decline in sales is offset by reduced interconnection costs.

EBITDA was up €139 million versus the first half of 2016 to €547 million. The EBITDA margin rose by 5.5 points year-on-year to 26.2%. Operating profit was €215 million higher at €210 million. It included non-current income of €48 million, mainly related to the capital gain on the sale of towers to Cellnex, which more than offset non-current charges related to the roll-out of network sharing.

Some highlights:

  • In the first half of 2017, gross capex stood at €585 million, in line with the 2017 full-year gross capex target of €1.2 billion. 
  • Bouygues Telecom added 645,000 mobile customers in the first half of 2017, resulting in a total base of 13.6 million customers at end-June 2017. 
  • There were over 10 million mobile plan customers excluding MtoM at end-June 2017, with 240,000 new adds in the first half of 2017, of which 110,000 in the second quarter. 
  • In the fixed market, Bouygues Telecom signed up 133,000 new customers in the first half of 2017, of which 45,000 in the second quarter. 
  • Bouygues Telecom confirms its target of 1 million additional fixed customers by end-2017 versus end-2014. The Miami FTTH offer accounted for close to two-thirds of net growth in the second quarter of 2017. As a result, Bouygues Telecom had 171,000 FTTH customers at end-June 2017, more than twice as many as at end-June 2016. 
  • Bouygues Telecom is continuing to roll out FTTH, with 16 million premises secured at end-June 2017, 7 million more than at end-2016, and 2.6 million premises marketed, 0.6 million more than at end-2016. Bouygues Telecom confirms its target of 12 million premises marketed in 2019 and 20 million in 2022. In all, Bouygues Telecom had 552,000 very-high-speed customers at end-June 2017. 
http://www.bouygues.com/wp-content/uploads/2017/08/press-release.pdf

Thursday, August 31, 2017

Ciena posts quarterly revenue of $729m, up 8.7% yoy

Ciena reported revenue of $728.7 million for its fiscal third quarter 2017, as compared to $670.6 million for the fiscal third quarter 2016. Net income (GAAP) amounted to $60.0 million, or $0.39 per diluted common share, which compares to a GAAP net income of $33.5 million, or $0.23 per diluted common share, for the fiscal third quarter 2016.

“We delivered another solid quarter with strong revenue growth and profitability, and we took additional market share through our diversification and innovation leadership,” said Gary B. Smith, president and CEO, Ciena. “Our continued success, combined with strong fundamental demand drivers that are playing in our favor, is drawing a clear division between the winners and losers in the marketplace.”

Ciena said its expects fiscal fourth quarter 2017 revenue to be in the range of $720 to $750 million.

Some highlights:

  • U.S. customers contributed 60.1% of total revenue
  • Two customers each accounted for greater than 10% of revenue and in aggregate represented 28% of total revenue
  • Cash and investments totaled $854.2 million
  • Cash flow from operations totaled $50.6 million
  • Headcount totaled 5,780




More online.

http://investor.ciena.com

Nutanix hits revenue of $226.1 million, up 62% year-over-year

Nutanix reported revenue of $226.1 million for its fourth quarter of fiscal year 2017,  62% year-over-year from $139.8 million in the fourth quarter of fiscal 2016. Billings rose to $289.2 million, growing 40% year-over-year from $206.6 million in the fourth quarter of fiscal 2016. There was a GAAP net loss of $90.7 million, compared to a GAAP net loss of $49.9 million in the fourth quarter of fiscal 2016. GAAP net loss per share was $0.59, compared to a pro forma GAAP net loss per share of $0.41 a year earlier.

"The fourth quarter was another record quarter and an outstanding conclusion to the fiscal year. Our newly announced products, Nutanix Calm and Xi Cloud Services, extend our market opportunity by simplifying and harmonizing datacenter operations for the multi-cloud era,” said Dheeraj Pandey, CEO, Nutanix. “This quarter, marked by record revenues, continued adoption of AHV, increased software-only sales, strong growth from our OEM partners, and positive operating cash flow, was a great way to end our first year as a public company.”

Some highlights:

Nutanix ended its Q4 with 7,051 end-customers, adding over 875 new end-customers during the quarter. Fourth quarter customer wins included ABC Stores, Amgen, Bacardi, HCA Healthcare, Konica Minolta Business Solutions Europe GmbH, The Hershey Company, The Home Depot, and Tokopedia.
Increased Number of $1 Million+ Deals: 43 customers with deals over $1 million in the quarter, up 39% YoY.
During the quarter, Nutanix introduced Nutanix Calm and Xi Cloud Services, along with a strategic alliance with Google to blend the Nutanix environment with the Google Cloud Platform, providing new functionality to address the challenges of the multi-cloud era.
Increased AHV Penetration: Saw a 75% YoY increase in adoption of AHV, Nutanix’s built-in hypervisor, based on a four-quarter rolling average of nodes using AHV.
http://ir.nutanix.com

Wednesday, August 30, 2017

ADVA updates guidance citing weaker orders

ADVA Optical Networking updated its Q3 2017 revenue and profitability guidance.

Citing weaker than expected orders, ADVA said it now expects revenues in Q3 2017 (including acquisition of MRV Communications) are forecasted to be between EUR 110 million and EUR 125 million. Revenues in Q3 2017, excluding acquisition of MRV, are forecasted to be between EUR 104 million and EUR 114 million, down from previous guidance of between EUR 120 million and EUR 130 million.

ADVA Optical Networking also said IFRS pro forma operating income in Q3 2017 (including acquisition of MRV) is forecasted to be between -4% and 2% of revenues. IFRS pro forma operating income in Q3 2017, excluding acquisition of MRV, is forecasted to range between -3% and 2% of revenues. The previous guidance was between 2% and 5% of revenues. IFRS pro forma operating income excludes stock-based compensation, non-recurring restructuring costs, amortization and impairment of goodwill, and acquisition-related intangible assets.

ADVA Optical Networking also plans to reduce its workforce in orde to maximize the value of the MRV acquisition and enhance profitability throughout the combined company. The company expects non-recurring restructuring costs in 2017 to amount to EUR 9 million. Management expects that the reductions will lead to cost savings of EUR 15 million per year on a run rate basis, with the initial effect of these savings being realized in late Q4.

http://www.advaoptical.com/en/about-us/investor-relations/financial-results/ad-hoc-releases/170828

Keysight posts revenue of $832 milllion, up 16%

Keysight Technologies reported quarterly revenue of $832 million, up 16% compared with $715 million last year. GAAP operating margin was -0.4 percent, compared with 15 percent in the third quarter of 2016. GAAP net loss was $18 million, or a loss of $0.10 per share, compared with net income of $91 million, or $0.53 per share in the third quarter of 2016.

“We delivered strong third quarter results. Order growth accelerated to 8 percent on a core basis driven by strength in our key focus areas, and cash generated from operations was $98 million. We are pleased with the momentum we are building in the market with new and existing customers developing leading-edge technologies such as 5G, next-gen Wi-Fi, high-speed datacenters, and automotive and energy,” said Ron Nersesian, Keysight president and CEO.

Some highlights:

  • Communications Solutions Group (CSG) revenue was $418 million in the third quarter, compared to $424 million in the prior year third quarter. Growth in commercial communications and 5G was offset by a decline in aerospace, defense and government.

  • Electronic Industrial Solutions Group (EISG) revenue was $218 million in the third quarter, up 14 percent when compared to $191 million in the third quarter of 2016. EISG growth was driven by strong demand for general electronics, semiconductor, and automotive and energy solutions.
  • Ixia Solutions Group (ISG) revenue was $120 million in the third quarter. ISG revenue was impacted by continued challenging market conditions with its network equipment manufacturers customers in the U.S., while demand for visibility and application and security solutions was strong among service provider customers.
  • Services Solutions Group (SSG) revenue in the third quarter grew 4 percent year-over-year to $107 million when compared with $103 million in the third quarter of 2016. Services growth was driven by remarketed solution sales.


Sunday, August 27, 2017

VMware cites momentum as sales rise 12% yoy

Ahead of this week's VMworld show in Las Vegas, VMware reported Q2 revenue of $1.90 billion, an increase of 12.2% from the second quarter of 2016. License revenue for the second quarter was $732 million, an increase of 13.7% from the second quarter of 2016. GAAP net income for the second quarter was $334 million, or $0.81 per diluted share, up 30% per diluted share compared to $265 million, or $0.62 per diluted share, for the second quarter of 2016.

"We are very pleased with our Q2 results, which were driven by broad-based strength across the product portfolio in all three geographies," said Pat Gelsinger, chief executive officer, VMware. "As we continue our multi-year journey from a compute virtualization company to offer a broad portfolio of products driving efficiency and digital transformation, customers are increasingly turning to VMware to help them run, manage, secure and connect their applications across all clouds and all devices. VMware had a strong quarter and is well positioned for the future," said Zane Rowe, executive vice president and chief financial officer, VMware. "We increased our fiscal year guidance, completed our successful debut debt offering and received authorization for an additional $1.0 billion of stock repurchases."

Some highlights:

  • NSX included in all top 10 deals this quarter
  • VMware Cloud Services, including VMware Cloud on AWS service, continues to experience strong customer interest and remains on-track
  • During the quarter, VMware signed its largest ever telco deal with Vodafone, reprsenting "a huge step forward" for its NFV initiative
  • VMware now has 20,916 employees
  • In June, VMware introduced major updates across its VMware vRealize Cloud Management Platform which enable customers to manage and provision at scale -- including compute, network, storage, and application services across multi-cloud environments.


http://www.vmware.com

ZTE posts 1H17 sales of RMB 54 billion, up 13% yoy

Citing strength in mobile networking and its smartphone business, ZTE reported that its first-half revenue increased 13.1% to RMB 54.01 billion (US$8.12 billion). Net profit attributable to holders of ordinary shares of the listed company jumped to RMB 2.29 billion.

Some highlights:

  • R&D spending increased to RMB 6.68 billion in the first half, or 12.4% of revenue. 
  • In March 2017, the company was ranked No. 1 in the World Intellectual Property Organization (WIPO)'s latest annual list for patent applications, reflecting the company's increased focus on research and development of next-generation technologies.
  • The Carrier Networks division accounted for 59.9% of revenue.
  • ZTE has deployed over 60 Pre5G networks as well as 240 SDN and NFV networks globally.  
  • ZTE cited a year-on-year growth of 41.7 percent in self-developed chip shipments in the first half of 2017. 
  • In its Consumer division, ZTE reported growth in both operating revenue and gross profit, saying it now ranks fourth in the US smartphone market and ranks among the top five in countries including Australia, Germany, Canada and Spain. ZTE’s terminal STB shipment gained a year-on-year increase of 15% in first-half, exceeding the annual shipments in 2016.

http://www.zte.com.cn

Wednesday, August 16, 2017

Cisco posts quarterly revenue of $12.1 billion, down 4% yoy

Cisco reported fourth quarter revenue of $12.1 billion, down 4% from $12.6 billion from the same time last year. Net income (GAAP) was $2.4 billion or $0.48 per share, down 14% from $2.8 billion a year ago.

For FY 2017, Cisco's total revenue amounted to $48.0 billion, a decrease of 2%. On a GAAP basis, net income was $9.6 billion and EPS was $1.90.

"We had another strong quarter and a transformative year. We made tremendous progress transitioning our business to more software and recurring revenue and delivered on our commitment to accelerate innovation in our core and across the portfolio," said Chuck Robbins, CEO, Cisco. "The network has never been more critical to business success and we are building the network of the future."

Some highlights


  • Product revenue was down 5% and service revenue up 1%. 
  • 31% of total revenue was from recurring offers, up 4 percentage points from the fourth quarter of fiscal 2016. 
  • Revenue by geographic segment was: Americas down 6%, EMEA down 6%, and APJC up 6%. 
  • Product revenue performance was led by Wireless and Security which increased 5% and 3%, respectively. NGN Routing and Switching revenue each decreased 9%. Service Provider Video, Data Center, and Collaboration revenue decreased 10%, 4%, and 3%, respectively.
  • On a GAAP basis, total gross margin and product gross margin were 62.2% and 60.3%, respectively. 

https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1873317

Cisco's intent-based, intuitive networking launch – Part 2


An interesting aspect of Cisco's new strategic direction with its Intent-based enterprise networking is that the company has made a major bet on developing proprietary ASICs rather than relying on merchant Ethernet switching silicon from Broadcom, Cavium, Barefoot, Innovium or other merchant semiconductor suppliers. There are a number of reasons why the company may have chosen this approach. First, with Broadcom dominating the market for Ethernet...

Cisco's intent-based, intuitive networking launch – Part 1


This week Cisco outlined its vision for Intent-based Networking. Cisco CEO Chuck Robbins described the unveiling as the most significant announcement from the company in perhaps the last five years and as the 'foundation for networking' for the next 30 years. So, what exactly is it? Simply put, it is a vision. It is not a technology nor a network architecture, it is a vision of machine learning that will be applied to make networks more agile,...


Monday, August 14, 2017

VMware posts strong Q2, raises guidance

Citing broad strength across its portfolio, VMware announced preliminary financial results for its fiscal 2018 second quarter, saying it now expects revenue to be between $1.894 billion and $1.906 billion, an increase of 11.9% to 12.6% from the second quarter of 2016.


  • License revenue for the second quarter is expected to be between $727 million and $737 million, an increase of 12.9% to 14.4% from the second quarter of 2016.
  • GAAP operating margin for the second quarter is expected to be between 17.5% and 19.3%, and non-GAAP operating margin is expected to be between 30.5% and 31.1%. GAAP net income per diluted share for the second quarter is expected to be between $0.78 and $0.86 per diluted share, and non-GAAP net income per diluted share is expected to be between $1.15 and $1.19 per diluted share.

VMware also increased fiscal 2018 guidance as follows:

  • Total Revenue: Approximately $7.830 billion, up approximately 10% compared to fiscal 2016
  • License Revenue: Approximately $3.075 billion, up approximately 10% compared to fiscal 2016
  • GAAP Operating Margin: Approximately 20-21%
  • Non-GAAP Operating Margin: Approximately 32.7%
  • GAAP Net Income Per Diluted Share(1): Approximately $3.19-$3.47 per diluted share
  • Non-GAAP Net Income Per Diluted Share(1): Approximately $5.08 per diluted share
  • Diluted Share Count: 413 million


http://www.vmware.com

Friday, August 11, 2017

NVIDIA Cits Growth in Data center, Auto

NVIDIA reported record revenue for its second quarter ended July 30, 2017, of $2.23 billion, up 56 percent from $1.43 billion a year earlier, and up 15 percent from $1.94 billion in the previous quarter. GAAP EPS was $0.92, up 124 percent from a year ago.
"Adoption of NVIDIA GPU computing is accelerating, driving growth across our businesses," said Jensen Huang, founder and chief executive officer of NVIDIA. "Datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing platform. And in Gaming, increasingly the world's most popular form of entertainment, we power the fastest growing platforms - GeForce and Nintendo Switch.

"Nearly every industry and company is awakening to the power of AI. Our new Volta GPU, the most complex processor ever built, delivers a 100-fold speedup for deep learning beyond our best GPU of four years ago. This quarter, we shipped Volta in volume to leading AI customers. This is the era of AI, and the NVIDIA GPU has become its brain. We have incredible opportunities ahead of us," he said.

http://investor.nvidia.com/results.cfm


NVIDIA Debuts Latest Quadro Pascal GPUs


NVIDIA introduced its latest line-up of Quadro GPUs products, all based on its Pascal architecture and designed for professional workflows in engineering, deep learning, VR, and many vertical applications. "Professional workflows are now infused with artificial intelligence, virtual reality and photorealism, creating new challenges for our most demanding users," said Bob Pette, vice president of Professional Visualization at NVIDIA. "Our new Quadro...





NVIDIA Advances its Pascal-based GPUs for AI


NVIDIA is expanding its Pascal™ architecture-based deep learning platform with the introduction of new Tesla P4 and P40 GPU accelerators and new software. The solution is aimed at accelerating inferencing production workloads for artificial intelligence services, such as voice-activated assistance, email spam filters, and movie and product recommendation engines. NVIDIA said its GPU are better at these tasks than current CPU-based technology, which...


Thursday, August 3, 2017

Arista's Q2 Revenue Jumps to $405mn, up 51% YoY

Arista Networks reports stronger than expected results for its second quarter ended June 30, 2017.

Revenue rose to $405.2 million, an increase of 20.8% compared to the first quarter of 2017, and an increase of 50.8% from the second quarter of 2016. GAAP gross margin was 64.1%, compared to GAAP gross margin of 63.9% in the first quarter of 2017 and 63.8% in the second quarter of 2016. GAAP net income was $102.7 million, or $1.30 per diluted share, compared to GAAP net income of $38.9 million, or $0.53 per diluted share, in the second quarter of 2016.

"As we complete our third anniversary of becoming a public company, I am pleased with our record results in Q2 2017,” stated Jayshree Ullal, Arista President and CEO. “Our substantial financial performance, customer success and industry recognition has accelerated the migration to mainstream cloud networking.”

http://investors.arista.com/

Infinera Posts Q2 Revenue of $177mn

Infinera reported Q2 revenue of $176.8 million compared to $175.5 million in the first quarter of 2017 and $258.8 million in the second quarter of 2016. GAAP gross margin for the quarter was 36.7% compared to 36.5% in the first quarter of 2017 and 47.8% in the second quarter of 2016. GAAP operating margin for the quarter was (22.9)% compared to (21.6)% in the first quarter of 2017 and 6.2% in the second quarter of 2016.

GAAP net loss for the quarter was $(42.8) million, or $(0.29) per share, compared to a net loss of $(40.5) million, or $(0.28) per share, in the first quarter of 2017, and net income of $11.5 million, or $0.08 per diluted share, in the second quarter of 2016.

“Highlighted by delivery of ICE4 products to market, I was pleased with our performance in the second quarter,” said Tom Fallon, Infinera's Chief Executive Officer. “We delivered the Cloud Xpress 2 to three customers and had early deployments of the XT-3300. As we continue to deliver on a suite of new products over the upcoming quarters, I believe we are well positioned to grow market share and to gradually improve our financial performance.”

http://www.infinera.com

Oclaro reports Q4 revenue of $149.38m, up 19.3% yr/yr

Oclaro reported financial results for its fourth quarter and fiscal year 2017, ended July 1, 2017, as follows:

1.  Revenue for the fourth quarter of $149.38 million, down 7.9% compared with $162.18 million for the third quarter and up 19.3% from $125.18 million for the fourth quarter of fiscal 2016.

2.  Gross income for the fourth quarter of $61.33 million, down 8.2% compared with $66.79 million for the third quarter and up 52.6% from $40.18 million for the fourth quarter of fiscal 2016.

3.  R&D expenditure for the fourth quarter of $15.75 million, up 8.8% compared with $14.48 million for the third quarter and up 24.3% from $12.67 million for the fourth quarter of fiscal 2016.

4.  SG&A expenditure for the fourth quarter of $15.58 million, up 5.7% compared with $14.74 million for the third quarter and up 8.2% from $14.40 million for the fourth quarter of fiscal 2016.

5.  Total operating expenditure for the fourth quarter of $31.44 million, up 8.2% compared with $29.05 million for the third quarter and up 14.9% from $27.37 million for the fourth quarter of fiscal 2016.

6.  On a GAAP basis, a net income for the fourth quarter of $56.03 million, compared with a net income of $38.21 million for the third quarter and a net income of $11.84 million for the fourth quarter of fiscal 2016.

On a non-GAAP basis, a net income for the fourth quarter of $33.93 million, compared with a net income of $39.89 million for the third quarter and a net income of $14.41 million for the fourth quarter of fiscal 2016.

7.  Cash, cash equivalents and restricted cash as of July 1, 2017 $219.99 million, versus $214.78 million as at April 1, 2017 and $96.64 million as at July 2, 2016.

Additional results and notes

For the full year 2017 Oclaro reported revenue of $600.97 million, compared with $407.91 million in 2016, and a net income of $127.86 million, versus net income of $8.58 million for the prior year.

Oclaro stated that, as expected, QSFP28 sales in the fourth quarter doubled sequentially, while QSFP28 and ACO products accounted for over 40% of total sales, with demand expected to be strong in fiscal year 2018 driven by growth in the metro and data centre markets. 100 Gbit/s and beyond sales were $121 million in the fourth quarter and represented 81% of total sales. Sales of client-side CFP products declined by 25% and 40 Gbit/s and below product sales decreased by over 20%.
In the fourth quarter, Oclaro's top four customers represented 55% of total revenue, versus 68% in the second quarter. The top four customers contributed 17%, 13% and 12% of sales.. For fiscal year 2017 the top customers were Cisco with 18%, ZTE 18%, Huawei with 15% and Nokia 12%.

Oclaro also announced the appointment of Ian Small, most recently chief data officer at Telefónica, to its board of directors, effective September 1, 2017. On July 27th, Oclaro increased the size of the board from seven to eight members.

Outlook

For the first quarter, Oclaro expects revenue of between $151 and $159 million, representing a sequential increase of 3.8% at the midpoint.

MRV reports Q2 revenue of $19.72m, down 6.8% Q/Q

MRV Communications reported financial results for the second quarter ended June 30, 2017 as follows:

1.         Revenue for the second quarter of 2017 of $19.72 million, down 6.8% compared with $21.17 million in the preceding first quarter and down 8.6% versus $21.58 million in the prior year second quarter.

2.         Gross profit for the second quarter of $10.16 million, down 5.0% compared with $10.70 million in the preceding first quarter and up 1.2% versus $10.04 million in the prior year second quarter.

3.         R&D expenditure for the second quarter of $4.61 million, down 2.5% compared with $4.73 million in the preceding first quarter and down 10.0% versus $5.12 million in the prior year second quarter.

4.         SG&A expenditure for the second quarter of $7.45 million, up 10.0% compared with $6,77 million in the preceding first quarter and up 6.3% versus $7.01 million in the prior year second quarter.

5.         Total operating expenditure for the second quarter of $12.06 million, up 4.9% compared with $11.50 million in the preceding first quarter and down 0.6% versus $12.13 million in the prior year second quarter.

6.         On a GAAP basis, net loss for the second quarter of $2.10 million, compared with a net loss of $1.04 million in the preceding first quarter and a net loss of $2.02 million in the prior year second quarter.

On a non-GAAP basis, net loss for the second quarter of $0.44 million, compared with a net loss of $0.52 million in the preceding first quarter and a net loss of $1.31 million in the prior year second quarter.

7.         Cash and cash equivalents as of June 30, 2017 of $24.33 million, compared with $21.41 million as at March 31, 2017 and compared with $25.12 million as at December 31, 2016.

Additional results and notes

MRV noted that on July 2, 2017 it entered into a merger agreement with ADVA NA Holdings and its subsidiary Golden Acquisition (Merger Sub). Under the merger agreement Merger Sub was to commence a cash tender offer to purchase all issued and outstanding shares of MRV for $10.00 per share. On completion of the offer Merger Sub will merge with and into the company, with MRV continuing as the surviving corporation and a wholly owned subsidiary of ADVA.


On July 17th, the offer commenced as per the agreement and is currently scheduled to expire at midnight, August 11, 2017.

NeoPhotonics Posts Q2 Revenue of $73 Million

NeoPhotonics reported Q2 revenue of $73.2 million, up $1.5 million, or 2%, from the prior quarter, but down from $99 million for the same period last year. Gross margin was 22.9%, down from 25.8% in the prior quarter
Non-GAAP Gross margin was 23.9%, down from 26.3% in the prior quarter. The was a net loss of $9.3 million, an improvement from a net loss of $11.5 million in the prior quarter.

"We are pleased to report revenue of $73.2 million at the upper end of our previously-announced outlook range and representing sequential growth from the first quarter, including modest sequential growth in China despite an inventory overhang,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “While the near term outlook in China isn’t certain, we see positive indicators there for the longer-term and we see strong current demand in North America. We anticipate robust growth in the medium and long term driven by metro, data center interconnect, a normalized China market and the emergence of 400G and above,” concluded Mr. Jenks.

http://www.neophotonics.com

Wednesday, July 26, 2017

Juniper reports Q2 revenue of $1,308.9m, up 7.2% Q/Q

Juniper Networks reported preliminary financial results for the three months ended June 30, 2017, as follows:

1.  Revenue for the second quarter of 2017 of $1,308.9 million, up 7.2% compared with $1,221.0 million in the first quarter and up 7.2% from $1,221.3 million in the second quarter of 2016.

2.  Gross profit for the second quarter of $801.9 million, up 7.4% compared with $746.6 million in the first quarter and up 6.0% from $756.4 million in the second quarter of 2016.

3.  R&D expenditure for the second quarter of $240.2 million, down 13.0% compared with $276.2 million in the first quarter and down 3.1% from $247.9 million in the second quarter of 2016.

4.  SG&A expenditure for the second quarter of $295.5 million, up 0.4% compared with $294.2 million in the first quarter and down 2.2% from $302.3 million in the second quarter of 2016.

5.  Total operating expenditure for the second quarter of $543.7 million, down 8.1% compared with $590.3 million in the first quarter and down 1.6% from $552.6 million in the second quarter of 2016.

6.  On a GAAP basis, net income for the second quarter of 2017 of $179.8 million, compared with net income of $108.8 million in the second quarter and net income of $140.0 million in the second quarter of 2016.

On a non-GAAP basis, net income for the second quarter of 2017 of $220.5 million, compared with net income of $178.0 million in the second quarter and net income of $191.6 million in the second quarter of 2016.

7.  Cash, cash equivalents and short and long-term investments as of June 30, 2017 of $4,214.6 million, compared with $4,043.7 million as at March 31, 2017,

Additional results and notes

For the second quarter of 2017, Juniper reported product revenue of $917.2 million, including routing sales of $572.5 million, down 0.4% year on year, and service revenue of $391.7 million, up 9.0% year on year.

On a geographic basis, second quarter revenue was split as follows: Americas sales of $800.8 million, up 11.2% year on year; EMEA sales of $288.2 million, down 3.9% year on year; Asia Pacific sales of $219.9 million, up 9.3% year on year.

Net cash flow from operations for the second quarter of 2017 was $299 million, compared to $545 million in the first quarter and $360 million in the second quarter of 2016.

Outlook


For the third quarter ending September 30, 2017, Juniper expects revenue of approximately $1,320 million, plus or minus $30 million, representing a sequential increase of 0.8% at the midpoint.

Thursday, July 20, 2017

ZTE expects H1 revenue of RMB 54.01bn, up 13.1% YoY

ZTE has announced preliminary financial results for the first half ended June 30, 2017, as follows:

1.  Operating revenue for the first half of 2017 of RMB 54.01 billion (approximately $8.00 billion), up 13.1% compared with RMB 47.76 billion in first half of 2016.

2.  Operating profit for the first half of RMB 3.29 billion, up 564.8% compared with RMB 495 million in first half of 2016.

3.  Net profit attributable to shareholders of RMB 2.29 billion (approximately $339 million), up 29.8% compared with profit of RMB 1.77 billion in first half of 2016.

ZTE noted that in carrier networks it experienced growth in both operating revenue and gross profit for wireless communications and fixed-line and bearer systems as domestic carriers in China continued to invest in transmission and access systems for 4G projects. In the consumer business, it achieved growth in operating revenue and gross profit for handset products supported by overseas market development.

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