Showing posts with label Financial. Show all posts
Showing posts with label Financial. Show all posts

Wednesday, August 12, 2020

Cisco's revenue drops 9% to $12.2 billion

Cisco reported revenue of $12.2 billion, GAAP net income of $2.6 billion or $0.62 per share, and non-GAAP net income of $3.4 billion or $0.80 per share, for its fourth fiscal quarter ended July 25, 2020.

The figure represents a 9% drop in revenue compared to a year earlier, the third straight quarterly drop. Earnings per share rose 22%. Product revenue was down 13% and service revenue was flat. Revenue by geographic segment was: Americas down 12%, EMEA down 6%, and APJC down 7%. Product revenue was led by growth in Security, up 10%. Infrastructure Platforms was down 16% and Applications was down 9%.

For FY2020 Cisco's otal revenue was $49.3 billion, a decrease of 5%.

"By the end of fiscal 2020, we achieved our goal of more than half of our revenue coming from software and services, and this strategy continues to resonate with customers as they digitize their organizations. Throughout fiscal 2020, Cisco has demonstrated operational resilience based on our strong customer relationships, solid financial foundation, and differentiated innovation," said Chuck Robbins, chairman and CEO of Cisco. "As we focus on the future, we are rebalancing our R&D investments to focus on new areas so we can continue to offer customers the best, most relevant technology in simpler, more easily consumable ways."

Thursday, April 30, 2020

AWS hits sales of $10.219 billion, up 33% yoy

Amazon Web Services (AWS) generated Q1 sales of $10.219 billion, up 33% from a year ago. Operating income was $3.075 billion, up 38% YoY.

Trailing 12 months (TTM) revenue was $37.5 billion.

AWS now represents 13% of Amazon.com overall business.

During the quarter, the company opened AWS Europe (Milan) and AWS Africa (Cape Town) Regions.

AWS now spans 76 Availability Zones within 24 geographic regions, with announced plans for nine more Availability Zones and three more AWS Regions in Indonesia, Japan, and Spain.


Tuesday, March 31, 2020

Huawei reports robust 2019, revenue up 19.1%, profit up 5.6%

Despite pressure from the U.S. government and growing international restrictions, Huawei reported very robust financial performance for 2019:  global sales revenue in 2019 lept to CNY858.8 billion, up 19.1% year-on-year; net profit reached CNY62.7 billion; and cash flow from operating activities topped CNY91.4 billion, up 22.4% year-on-year.

"2019 was an extraordinary year for Huawei," said Eric Xu, Huawei's Rotating Chairman. "Despite enormous outside pressure, our team forged ahead with a singular focus on creating value for our customers. We worked hard to earn their respect and trust, as well as that of our partners around the globe. Business remains solid."

Some highlights from Huawei's 2019 annual report:
  • Carrier business revenue reached CNY296.7 billion, up 3.8% year-on-year.
  • Enterprise business revenue reached CNY89.7 billion, up 8.6% year-on-year.
  • Consumer business revenue reached CNY467.3 billion, up 34% year-on-year.
  • Overall revenue in China was CNY506.7 billion, up 36.2%
  • Overall revenue in EMEA was CNY206 billion, up 0.7%
  • Overall revenue in Asia PAC was CNY70.5 billion, down 13.9%
  • Overall revenue in the Americas was CNY52.5 billion, up 9.6%
  • R&D expenditures amounted to CNY131.7 billion
  • In 2019, Huawei shipped 240 million smartphones
"The external environment will only get more complicated going forward," Xu cautioned. "We need to keep enhancing the competitiveness of our products and services, promoting open innovation, and creating greater value for our customers and society at large. This is the only way we can seize the historic opportunities presented by the digital and intelligent transformation of industries, and maintain robust growth in the long run."

At the press conference, in response to a question regarding a possible tightening of restrictions of U.S.-based technology used by TSMC to produce 5G chipsets, Xu was quoted as saying "

"The Chinese government will not just stand by and watch Huawei be slaughtered on the chopping board... Why wouldn't the Chinese government ban the use of 5G chips or 5G chip-powered base stations, smartphones and other smart devices provided by American companies, for cybersecurity reasons?"

Wednesday, December 4, 2019

Independent Global Cloud Xchange to emerge from bankruptcy

The United States Bankruptcy Court for the District of Delaware confirmed Global Cloud Xchange's Plan of Reorganization, clearing the way for the company to successfully complete its Chapter 11 financial restructuring.

GCX will emerge from Chapter 11. following regulatory approval, as an independent company backed by the strong ownership of its existing senior secured noteholders. Through Chapter 11, the company will have reduced its debt by $150 million and gained access to new working capital to further its strategic plan.

GCX owns one of the world’s largest private undersea cable system spanning more than 68,000 route kms.

Thursday, March 8, 2018

Marvell posts revenue of $615 million

Marvell Technology Group reported revenue for the fourth quarter of its fiscal 2018 of $615 million.  GAAP net income from continuing operations for the fourth quarter of fiscal 2018 was $49 million, or $0.10 per share. Non-GAAP net income from continuing operations for the fourth quarter of fiscal 2018 was $165 million, or $0.32 per diluted share. Cash flow from operations for the fourth quarter was $120 million.

"Our strong fourth quarter and fiscal year results continue to demonstrate that Marvell's strategy is working and that our team is executing it very well," said Marvell President and CEO Matt Murphy. "We are making tremendous progress in the transformation of Marvell, and I look forward to the year ahead."



  • In November, Marvell., which is a leading supplier of HDD and SSD storage controllers along with wireless and Ethernet components, agreed to acquire Cavium for $40.00 per share in cash and 2.1757 Marvell common shares for each Cavium share, representing a transaction value of $6 billion.

Monday, February 12, 2018

Quantenna posts Q4 revenue of $41.3m, up 10% yoy

Quantenna Communications, which supplies high-performance Wi-Fi silicon, posted Q4 revenue of $41.275 million, up 10% year-over-year. Full-year 2017 revenue to $176.4 million, representing year-over-year growth of 37%

Q4 net income (NonGAAP) was $455,000or $0.01 per share.

Fourth quarter GAAP gross margin of 51.6% compared to 51.5% in the fourth quarter of fiscal year 2016.

“Overall, 2017 was a very successful year as we posted 37% year-over-year revenue growth. We are pleased to report that our key cable MSO customer has initiated a nationwide rollout of a gateway solution using our industry leading Wave 3 10G technology. We enter 2018 excited about the opportunities in front of us and believe we are well positioned to extend our Wave 2 market opportunities and garner incremental Wave 3 10G designs,” remarked Dr. Sam Heidari, Chairman and Chief Executive Officer.

Thursday, October 19, 2017

Verizon sees gains in mobile and FiOS

Citing strength in consumer wireless and wireline services, Verizon reported Q3 consolidated revenues of $31.7 billion, up 2.5 percent from a year earlier, but down 2.3 percent on a comparable basis excluding divestitures and acquisitions (Yahoo). Verizon reported EPS of 89 cents in the quarter, compared with 89 cents in third-quarter 2016.

Cash flow from operations totaled $17.2 billion during the first nine months of 2017, and year-to-date capital expenditures have totaled $11.3 billion. CAPEX for the full year is now expected to at the lower end of the range of $16.8 billion to $17.5 billion.

Some selected highlights from the Q3 financial report

Wireless

  • There was a net increase of 603,000 retail postpaid connections in third-quarter 2017. 
  • Net phone additions of 274,000 included 486,000 smartphones in the quarter, compared with 242,000 smartphone additions in third-quarter 2016. The 603,000 postpaid net adds included tablet net adds of 91,000 and net adds of other connected devices, led by wearables, of 238,000. The company had 109.7 million retail postpaid connections and 5.6 million retail prepaid connections at the end of the quarter.
  • Verizon now has approximately 78 percent of its postpaid phone base on unsubsidized service pricing plans, compared with 60 percent in third-quarter 2016.
  • Just over 50 percent of Verizon’s available low- and mid-band spectrum portfolio is being used for 4G LTE.

Wireline

  • Total Fios revenues grew 4.8 percent, and consumer Fios revenues grew 4.6 percent, comparing third-quarter 2017 with third-quarter 2016 and including the impact of two marquee pay-per-view events in the current quarter. Fios Gigabit Connection, which offers high-speed broadband, continues to gain traction with customers.
  • In third-quarter 2017, Verizon added a net of 66,000 Fios Internet connections and lost a net of 18,000 Fios Video connections, reflecting the ongoing shift from traditional linear video to over-the-top offerings. At the end of the quarter, Verizon had 5.8 million Fios Internet connections and 4.6 million Fios Video connections.
Other
Enterprise solutions revenue, excluding XO, decreased 5.0%, while growth in fiber-based products continues. On a constant currency basis, revenue was down 5.3%. 
Telematics revenue was over $220 million in the quarter, including Fleetmatics and Telogis. Total IoT revenue on an organic basis increased approximately 13% in the quarter.

On the analyst conference call, Matt Ellis Verizon's EVP and CFO, said development spending is focused on the Verizon Intelligent Edge Network, which extends from the wireless or wireline access networks to an intelligent distributed computing platform to a highly automated software-enabled core network

Tuesday, October 17, 2017

ADTRAN posts strong quarter, earnings up 28% yoy

Citing strong sales for broadband equipment and growing service revenues, ADTRAN reported Q3 2017 sales of $185.1 million compared to $168.9 million for the third quarter of 2016. Net income was $15.9 million compared to $12.4 million for the third quarter of 2016. Earnings per share, assuming dilution, were $0.33 compared to $0.26 for the third quarter of 2016.

ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, “We are very pleased with the company’s performance in the third quarter as we continued to see strong sales in our domestic ultra-broadband solutions and services, which have more than doubled from the same period last year. Total company revenues grew by 10% compared to the same period last year as a result of strength in both our Network Solutions segment and a record performance in our services revenues, which again grew at a double-digit pace. We were also pleased to see growth in our Customer Devices category in the quarter. Our customers are increasingly relying on ADTRAN to help them plan, provision and deploy network assets to the best effect, ensuring the network is prepared for the emergence of exciting applications and mission critical services.”

Thursday, August 24, 2017

Broadcom posts quarterly revenue of US$4.463 billion, up 18% yoy

Broadcom reported quarter net revenue of $4,463 million, an increase of 7 percent from $4,190 million in the previous quarter and an increase of 18 percent from $3,792 million in the same quarter last year. Gross margin was $2,149 million, or 48.2 percent of net revenue. Operating income was $648 million, or 14.5 percent of net revenue. This compares with operating income of $474 million, or 11.3 percent of net revenue, in the prior quarter, and operating loss of $264 million, or 7.0 percent of net revenue, in the same quarter last year.

“We continue to execute consistently and delivered strong financial results for our third fiscal quarter, with revenue growth of 6 percent and EPS growth of 11 percent sequentially” said Hock Tan, President and CEO of Broadcom Limited. “We are expecting revenue growth to further accelerate in the fourth fiscal quarter, led by robust content gains and seasonal strength in our wireless segment.”

http://www.broadcom.com


Sunday, July 31, 2016

SES Posts 1H16 Revenue of EUR 956.8 million, down 4.2%

SES S.A. reported revenue of EUR 956.8 million, down 4.2% as reported (-4.8% at constant FX), for the first six months of 2016. EBITDA came in at EUR 699.8 million, down 5.4% as reported (-5.8% at constant FX and same scope).

“SES’s first half results were in line with management’s expectations, while the appeal of SES’s differentiated and holistic solutions to major customers has continued to deliver substantial contract backlog and validates SES’s capability-driven strategy," stated Karim Michel Sabbagh, President and CEO.

A few operational highlights from the financial statement:


  • HDTV channels up 12.1% (YOY) to 2,442 channels, improving HD penetration from 30.4% to 32.7%
  • Of the 7,463 total TV channels broadcast by SES’s global fleet (30 June 2015: 7,164), 32.7% are broadcast in HD (30 June 2015: 30.4%). This represents a growth in HDTV channels of 12.1% (YOY) to 2,442 HDTV channels. 
  • At 30 June 2016, 60% of SES’s total TV channels are broadcast in MPEG-4 (30 June 2015: 54%).
  • At 30 June 2016, SES now broadcasts 16 commercial UHD TV channels (30 June 2015: none), including all regional variations. In January 2016, SES and Vivicast Media unveiled UHD-1 for audiences of North American cable operators and telcos. Then, in May 2016, SES announced an agreement for the world’s first Ultra HD sports channel, Viasat Ultra HD. 
  • SES now supports a total of 57 global government customers. In January 2016, SES secured a new contract with the Kativik Regional Government, in Canada, to provide satellite services across the northern Quebec region. The contract, which began on 30 June 2016, includes 12 transponders on SES-2 to deliver critical C-band communications capabilities. The service will triple the bandwidth currently available across the region.
  • As at 30 June 2016, the SES fleet had 1,550 available transponders (30 June 2015: 1,518 available transponders). The movement in available capacity includes the entry in commercial service of SES-9 (+53 incremental transponders) on 1 June 2016. This was partly offset by the ARSAT migration (-16 transponders) and reduction in available capacity on NSS-6 (-5 transponders) as a result of power degradation.


http://www.ses.com/

Tuesday, March 22, 2016

Red Hat Posts Revenue of $544 Million, up 17%

Red Hat reported fourth quarter revenue of $544 million, up 17% year-over-year or 21% in constant currency; full fiscal year revenue of $2.05 billion, up 15% year-over-year or 21% in constant currency. GAAP operating income for the quarter was $72 million, up 6% year-over-year.

“Enterprises increasingly adopting hybrid cloud infrastructures and open source technologies drove our strong results. The fourth quarter marked our 56th consecutive quarter of revenue growth, contributing to Red Hat’s first fiscal year crossing $2 billion in total revenue,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “Customers are demanding technologies that modernize the development, deployment and life-cycle management of applications across hybrid cloud environments.

Some highlights:

  • Subscription revenue from Infrastructure-related offerings for the quarter was $391 million, an increase of 15% in U.S. dollars year-over-year and 18% measured in constant currency. 
  • Subscription revenue from Application Development-related and other emerging technologies offerings for the quarter was $89 million, an increase of 38% in U.S. dollars year-over-year and 43% measured in constant currency.

http://www.redhat.com

Thursday, February 11, 2016

CoreSite Posts 25% YoY Rise in Revenue for Data Center Services

CoreSite reported Q4 2015 revenue of $90.9 million, a 25.4% increase year over year and an increase of 5.3% on a sequential-quarter basis. CoreSite reported fourth-quarter net income attributable to common shares of $9.3 million, or $0.32 per diluted share.

Tom Ray, CoreSite’s Chief Executive Officer, commented, “We're pleased to report continued execution of our business plan in the fourth quarter, delivering solid growth and finishing out 2015 as another strong year for our company.” Mr. Ray continued, “In addition to our solid financial results for the fourth quarter, we finished 2015 and began 2016 with positive leasing momentum.

Some highlights:

  • CoreSite executed 155 new and expansion data center leases representing $8.9 million of annualized GAAP rent during the fourth quarter, comprised of 42,089 NRSF at a weighted-average GAAP rental rate of $211 per NRSF.
  • CoreSite’s fourth-quarter data center lease commencements totaled 54,329 NRSF at a weighted average GAAP rental rate of $172 per NRSF, which represents $9.3 million of annualized GAAP rent.
  • CoreSite’s renewal leases signed in the fourth quarter totaled $10.1 million in annualized GAAP rent, comprised of 49,561 NRSF at a weighted-average GAAP rental rate of $204 per NRSF, reflecting a 3.8% increase in rent on a cash basis and 6.7% increase on a GAAP basis. The fourth-quarter rental churn rate was 2.3%.


http://www.coresite.com

Tuesday, January 12, 2016

Radisys Sees Preliminary Q4 Revenue at High End of Guidance

Radisys reported preliminary results for its Q4 2015, saying it now expects revenue to be approximately $44 million and non-GAAP earnings of approximately $0.08 per diluted share -- at the high end of the company's previous guidance.

“We continue to build momentum across all of our product lines as customers look to Radisys to solve implementation challenges for next-generation communications networks, including VoLTE and the key building blocks for Software-Defined Networks,” commented Brian Bronson, Radisys President and Chief Executive Officer. “Our performance during the quarter enabled us to exceed the full year revenue and earnings expectations that we set at the beginning of 2015, while also supporting incremental investments in key growth product lines to set the stage for growth in 2016 and beyond.”

http://www.radisys.com


Thursday, October 22, 2015

ADVA Posts Record Quarter - Up 40% YoY

ADVA Optical Networking reported record revenues of EUR 122.3 million for its Q3 2015, up by 40.4%  over the same period last year.  Net profit nearly doubled to EUR 8.6 million (Q3 2014: EUR 4.4 million).

The company cited several factors for its strong financial results: the demand for data center interconnect (DCI) technology, the continued push for 100G metro solutions and the rebound in European carrier and enterprise spend.

“Q3 was an outstanding quarter. We delivered revenues of EUR 122.3 million – a quarterly record for our company,” said Brian Protiva, CEO, ADVA Optical Networking. “This shouldn’t come as any surprise. We’ve built a lot of momentum and seen strong growth throughout the year."

Monday, August 31, 2015

ZTE's Revenue of Profits Rise in First Half of 2015

ZTE reported operating revenue of RMB 45.9 billion for the first six months of 2015, up 22% over the first half of 2014, primarily reflecting growth in operating revenue for 3G system equipment in the domestic market, FDD-LTE system equipment in the domestic and international markets, TD-LTE system equipment in the international market, wireline switch and access systems in the domestic market and optical communication systems in the domestic market.

Operating profit was RMB 76 million for the period compared to a loss of RMB 210 million for the same period last year.

ZTE said China's domestic telecommunications industry is undergoing a stage of transition in both network and business model. During the first half of 2015, domestic carriers’ investment in equipment remained stable given the progress of 4G network deployment and expedited broadband development as a matter of national policy.  During the reporting period, the Group reported operating revenue of RMB 24.361 billion from the domestic market, accounting for 53.08% of the Group’s operating revenue.

http://wwwen.zte.com.cn/en/about/investor_relations/announcement/201508/P020150826636431955004.pdf

Friday, July 3, 2015

Emerson to Spin Off Network Power Business

Emerson recently announced plans to spin off its Network Power business and to streamline its portfolio.
The company is also exploring "other strategic options" to drive growth and accelerate value creation for shareholders.

The spinoff of Network Power will result in two separate companies with distinct strategies and investment profiles. Following completion of all actions, Emerson will continue to be a global leader in bringing technology and engineering together to provide solutions for customers in the process, industrial, commercial and residential markets.  These actions offer significant opportunities for enhanced growth, profitability, cash flow, and returns to shareholders.

As a publicly traded company, Network Power will be the world’s leading, stand-alone provider of thermal management, A/C and D/C power, transfer switches, services and infrastructure management systems for the data center and telecommunications industries.

“Emerson has a proven record of taking decisive actions to enhance shareholder value while providing an unmatched level of service to customers around the world,” said Chairman and Chief Executive Officer David Farr. “We are aligning ourselves with the changing global marketplace and our customers’ evolving needs to drive Emerson and Network Power forward. Creating two, independent companies will position both businesses to continue as leaders and to pursue distinct strategies to drive profitable growth. Emerson and Network Power will each have sharper strategic focus, enabling both companies to better allocate resources, incentivize employees and allocate capital to capture the significant long-term opportunities in their respective markets.”

http://www.emerson.com/

  • http://www.emerson.com Emerson reported $24.5 billion in revenue for fiscal 2014. The company is based in St. Louis and currently has about 115,000 employees worldwide.

Wednesday, January 28, 2015

Facebook Tops 745 Million Mobile Daily Active Users

Facebook continues to add users across all regions of the world.  The number of daily active users (DAUs) now exceeds 890 million, an increase of 18% year-over-year, while the number of monthly active users (MAUs) topped 1.39 billion as of December 31, 2014, an increase of 13% year-over-year.

Mobile DAUs were 745 million on average for December 2014, an increase of 34% year-over-year. Mobile MAUs were 1.19 billion as of December 31, 2014, an increase of 26% year-over-year.

Mobile advertising revenue represented approximately 69% of advertising revenue for the fourth quarter of 2014, up from approximately 53% of advertising revenue in the fourth quarter of 2013.

http://investor.fb.com/releasedetail.cfm?ReleaseID=893395

Wednesday, July 9, 2014

DragonWave Posts 61% Revenue Rise

DragonWave reported revenue of $28.8 million for the first quarter of its fiscal year 2015, compared with $17.9 million in the fourth quarter of fiscal year 2014 and $24.5 million in the first quarter of the fiscal year 2014.

Revenue from the Nokia channel (formerly called Nokia Solutions and Networks) represented 61% of revenue in the first quarter of this fiscal year, versus 68% in the fourth quarter of fiscal year 2014 and 57% in first quarter of fiscal year 2014. There was a net loss of $6.6 million or ($0.11) per basic and diluted share. This compares to a net loss applicable to shareholders of $11.6 million or ($0.20) per basic and diluted share in the fourth quarter of fiscal year 2014 and a net loss applicable to shareholders of $6.6 million or ($0.17) per basic and diluted share in the first quarter of fiscal year 2014.

Gross margin for the first quarter of fiscal year 2015 was 20.5%, compared with 14.5% in the fourth quarter of fiscal year 2014 and 11.5% in the first quarter of fiscal year 2014.

“We are pleased that the increased demand that we observed in Q1 2015 is continuing into our second quarter.  Momentum is such that we anticipate revenue growth between 25% and 40% relative to Q1,” said DragonWave President and CEO Peter Allen.

http://investor.dragonwaveinc.com


Wednesday, November 6, 2013

Qualcomm's Sales Continue 33% YoY

Qualcomm reported quarterly revenue of $6.48 billion, up 33 percent year-over-year (y-o-y) and 4 percent sequentially. Net income was $1.50 billion, up 18 percent y-o-y and down 5 percent sequentially.

MSM chip shipments in the quarter came in at 190 million units, up 35 percent y-o-y and 10 percent sequentially.

"I am very pleased with our record financial performance this year as we delivered revenues of $25 billion, up 30% versus last year. Our technologies underpin the global growth of wireless data, and our semiconductor solutions are used across the industry's flagship smartphones," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, we expect continued strong growth of 3G and 3G/4G multimode devices around the world, particularly in China with the anticipated launch of LTE. Qualcomm remains well positioned from a growth standpoint, and we expect double-digit compound annual growth rates for both revenues and earnings per share over the next five years."

http://www.qualcomm.com

Thursday, April 18, 2013

Nokia Siemens Networks Remains Profitable in Q1

Nokia Siemens Networks delivered a strong financially and contributed to an overall improvement in Nokia Group's cash position despite the seasonally weak Q1.

Overall net sales for in Q1 2013 came it at EUR 2.804 billion, down 5% YoY and down 30% compared to Q4 2012.

In the first quarter 2013, Global Services represented approximately 51% of Nokia Siemens Networks net sales, compared to approximately 52% in the first quarter 2012 and approximately 50% in the fourth quarter 2012.

In the first quarter 2013, Mobile Broadband represented approximately 44% of Nokia Siemens Networks net sales, compared to approximately 41% in the first quarter 2012 and approximately 45% in the fourth quarter 2012.

Meanwhile, the parent company (Nokia Group) achieved operating profitability for the third consecutive quarter, with a Q1 non-IFRS operating margin of 3.1%.

Commenting on the results, Stephen Elop, Nokia CEO, said "At the highest level, we are pleased that Nokia Group achieved underlying operating profitability for the third quarter in a row....Nokia Siemens Networks delivered another strong quarter and contributed to an overall improvement in Nokia Group's cash position. On the other hand, our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges."

http://www.nokia.com