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

Tuesday, July 27, 2021

Microsoft Azure revenue leaps ahead 51% yoy

 Microsoft reported Q2 revenue of $46.2 billion, up increased 21%, and net income of $16.5 billion, up 47% yoy. Diluted earnings per share was $2.17 and increased 49%.


“We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business,” said Satya Nadella, chairman and chief executive officer of Microsoft. “Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”

Revenue in Productivity and Business Processes was $14.7 billion and increased 25% (up 21% in constant currency), with the following business highlights:

  • Office Commercial products and cloud services revenue increased 20% (up 15% in constant currency) driven by Office 365 Commercial revenue growth of 25% (up 20% in constant currency)
  • Office Consumer products and cloud services revenue increased 18% (up 15% in constant currency) and Microsoft 365 Consumer subscribers increased to 51.9 million
  • LinkedIn revenue increased 46% (up 42% in constant currency) driven by Marketing Solutions growth of 97% (up 91% in constant currency)
  • Dynamics products and cloud services revenue increased 33% (up 26% in constant currency) driven by Dynamics 365 revenue growth of 49% (up 42% in constant currency)

Revenue in Intelligent Cloud was $17.4 billion and increased 30% (up 26% in constant currency), with the following business highlights:

  • Server products and cloud services revenue increased 34% (up 29% in constant currency) driven by Azure revenue growth of 51% (up 45% in constant currency)

Revenue in More Personal Computing was $14.1 billion and increased 9% (up 6% in constant currency), with the following business highlights:

  • Windows OEM revenue decreased 3%
  • Windows Commercial products and cloud services revenue increased 20% (up 14% in constant currency)
  • Xbox content and services revenue decreased 4% (down 7% in constant currency)
  • Search advertising revenue excluding traffic acquisition costs increased 53% (up 49% in constant currency)
  • Surface revenue decreased 20% (down 23% in constant currency)

https://www.microsoft.com/en-us/Investor/earnings/FY-2021-Q4/press-release-webcast



Monday, July 26, 2021

F5 posts revenue of $652 million, up 12% yoy

F5 Networks reported GAAP revenue of $652 million, up 12% yoy, for its fiscal third quarter ended June 30, 2021. Non-GAAP net income for the third quarter of fiscal year 2021 was $169 million, or $2.76 per diluted share, compared to $134 million, or $2.18 per diluted share, in the third quarter of fiscal year 2020.

Our very strong third quarter results demonstrate the powerful alignment of F5’s expanded solution portfolio and our customers’ most important application needs,” said Fran├žois Locoh-Donou, F5’s President and CEO. “Robust software growth and resilient demand for systems drove 12% GAAP revenue growth in our third quarter, and 11% revenue growth versus the prior year’s third quarter non-GAAP revenue.”



Locoh-Donou continued, “Customers’ traditional applications are generating more revenue and more engagement than ever before. At the same time, customers also are accelerating adoption of modern application architectures, like Kubernetes, for new applications. With our expanded application security and delivery portfolio, we are uniquely positioned to solve our customers’ most significant modern and traditional application challenges on premises, in the cloud, and across multiple clouds.”

Sunday, July 25, 2021

Intel's Q2 PC sales rise, but data center continues to dip

 Citing record Q2 revenue in its PC and Mobileye businesses, on July 2, Intel reported Q2 revenue of $19.6 billion, flat year over year (YoY), and non-GAAP revenue of $18.5 billion, up 2% YoY, which exceeded April guidance by $700 million. EPS) was $1.24. The results exceeded Q2 guidance for revenue, EPS, and gross margin.

“There’s never been a more exciting time to be in the semiconductor industry. The digitization of everything continues to accelerate, creating a vast growth opportunity for us and our customers across core and emerging business areas. With our scale and renewed focus on both innovation and execution, we are uniquely positioned to capitalize on this opportunity, which I believe is merely the beginning of what will be a decade of sustained growth across the industry,” said Pat Gelsinger, Intel CEO. “Our second-quarter results show that our momentum is building, our execution is improving, and customers continue to choose us for leadership products.”

Gelsinger also stated "While I expect the shortages to bottom out in the second half, it will take another 1 to 2 years before the industry is able to completely catch up with demand. IDM 2.0, which combines our internal manufacturing capacity with the use of third-party foundries, best positions us to weather these challenges and work with our ecosystem partners to build a more resilient supply chain."


Thursday, July 22, 2021

AT&T Fiber: 246,000 net adds in Q2 bring total to 5.4M

Citing higher revenues for its WarnerMedia, Mobility, Mexico, and Consumer Wireline groups, AT&T reported Q2 sales of $44.0 billion versus $41.0 billion in the year-ago quarter, up 7.6% reflecting partial recovery from the prior-year impacts of COVID-19.  The gains were offset by declines in domestic video and Business Wireline, which were $6.1 billion, down 4.0% year over year from lower service revenues. Second-quarter revenues were $28.1 billion, up 6.1% year over year due to increases in Mobility and Consumer Wireline.

Second-quarter net income attributable to common stock was $1.5 billion, or $0.21 per diluted common share, versus $1.2 billion, or $0.17 per diluted common share in the year-ago quarter. Cash from operating activities was $10.9 billion, down $1.1 billion year over year, with capital expenditures of $4.0 billion and content spend of $5.3 billion 

“We’re pleased with our performance and our momentum is strong,” said John Stankey, AT&T CEO. “For the fourth consecutive quarter, we saw good subscriber growth across wireless, fiber and HBO Max. Mobility delivered strong service revenue, EBITDA and postpaid phone growth. Our fiber business, which leads on customer satisfaction, grew subscribers and penetration."

Some highlights

Communications 

Mobility:

  • 789,000 postpaid phone net adds
  • 1,156,000 postpaid net adds
  • 174,000 prepaid phone net adds
  • Postpaid phone churn of 0.69%, equaling lowest churn ever
  • Revenues up 10.4%; service revenues up 5.0%; equipment revenues up 31.9%
  • Operating income of $6.0 billion, up 3.4% year over year; EBITDA4 up 2.7%
  • Operating income margin of 31.7%; EBITDA service margin5 55.9%

Consumer Wireline:

  • 246,000 AT&T Fiber net adds; penetration more than 36%
  • Revenues up 2.9%; broadband revenues up 8.3% with ARPU growth of 6.1%

WarnerMedia 

  • 2.8 million total domestic HBO Max and HBO subscriber6 net adds; total domestic subscribers of 47.0 million, up 10.7 million in past year; and 67.5 million7 globally, up
  • 12.0 million in past year
  • Launched ad-supported HBO Max and international offerings
  • Domestic HBO Max and HBO subscriber ARPU8 of $11.90
  • Total revenues up 30.7% to $8.8 billion
  • Direct-to-Consumer subscription revenues up nearly 40%
  • Now expect 70-73 million global HBO Max/HBO subscribers by end of year

https://investors.att.com/financial-reports/quarterly-earnings/2021


Wednesday, July 21, 2021

Verizon reports increased 5G adoption and record 2Q

 Citing wireless revenue growth, strong Fios and Verizon Media results, and increased wireless equipment revenue, Verizon reported consolidated operating revenues in second-quarter 2021 of $33.8 billion, up 10.9 percent from second-quarter 2020, and an increase of 5.3 percent from second-quarter 2019. Verizon reported EPS of $1.40, compared with $1.13 in second-quarter 2020. 

Capital expenditures in first-half 2021 were $8.7 billion, including more than $160 million for C-band expansion.

“Second quarter results were exceptional, both financially and operationally,” said Verizon Chief Financial Officer Matt Ellis. “Our strong first half performance and the momentum in our business gives us the confidence to raise our total wireless service revenue growth guidance to between 3.5 percent and 4 percent, an update from prior guidance for 2021 total wireless service revenue growth of at least 3 percent. We are also raising our adjusted EPS guidance* to the range of $5.25 to $5.35, an update from prior guidance for 2021 adjusted EPS of $5.00 to $5.15."

Some highlights

Consumer

  • Consumer ended second-quarter 2021 with approximately 20 percent of wireless phone customers having 5G-capable devices.
  • Total Verizon Consumer revenues were $23.5 billion, an increase of 11.2 percent year over year, and an increase of 6.7 percent from second-quarter 2019. 
  • Total wireless retail postpaid churn was 0.83 percent in second-quarter 2021. Wireless retail postpaid phone churn was 0.65 percent, a record-low retail postpaid phone churn outside of second-quarter 2020 and third-quarter 2020, which were heavily impacted by the pandemic. 
  • In second-quarter 2021, Consumer reported 350,000 wireless retail postpaid net additions. This consisted of 197,000 phone net additions and 234,000 other connected device net additions, offset by 81,000 tablet net losses.
  • There were 92,000 Fios Internet net additions in second-quarter 2021. Consumer Fios revenues of $2.9 billion in second-quarter 2021 were the highest since the company's new operating structure was introduced in 2019. The company's trailing 12-month total Fios Internet net addition performance is the highest since 2015. Consumer reported 62,000 Fios Video net losses in second-quarter 2021.

Business

  • Total Verizon Business revenues were $7.8 billion, up 3.7 percent year over year, and relatively flat from second-quarter 2019.
  • Business wireless service revenues were $3.1 billion in second-quarter 2021, an 8.0 percent increase year over year, and an increase of 11.4 percent from second-quarter 2019. This increase was led by Small and Medium Business and Global Enterprise. 
  • Total wireless retail postpaid churn was 1.30 percent in second-quarter 2021, and wireless retail postpaid phone churn was 1.07 percent.
  • Business reported 178,000 wireless retail postpaid net additions in second-quarter 2021, including 78,000 phone net additions.

NETGEAR cites continuing supply chain constraints, freight costs

NETGEAR reported second quarter 2021 net revenue of $308.8 million, an increase of 10.3% from the comparable prior year quarter. Second quarter 2021 non-GAAP net income per diluted share of $0.66, as compared to $0.54 in the comparable prior year quarter.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “Second quarter revenue came in at $308.8 million, representing 10.3% topline growth year over year. Worldwide supply chain constraints, however, such as component shortages, increased freight costs and transit times, and factory closures due to COVID-19, led to a perfect storm of factors that held back our revenue number and saw us fall short of our operating margin goals. As we continue to navigate through this rapidly changing environment, our long-term thesis that premium WiFi will drive the growth of the consumer networking market and our service subscriber base remains intact. With vaccination rates rising and businesses reopening, work from anywhere and hybrid work models are here to stay and we anticipate that the U.S. consumer networking market will grow 20% above pre-pandemic levels in the second half of this year. Meanwhile, demand for our SMB products rebounded strongly in the second quarter as businesses reopened post-COVID. Despite supply constraints, SMB net revenue grew approximately 58% year over year.”

https://investor.netgear.com/overview/default.aspx

Monday, July 12, 2021

Ekinops posts record 1H2021 revenue of EUR50.8m

Ekinops reported consolidated revenue of €27.6m in Q2 2021, a 12% increase compared with Q2 2020. At constant exchange rates, quarterly growth comes out at 14%. Revenue for the first half of the year amounted to €50.8 million, up 11% over the same period last year.

Ekinops said all its Group product lines (Optical Transport, Access and Software) posted growth and contributed to the solid half-year performance. Optical Transport demonstrated particularly strong momentum, with H1 growth of 26%, and, for the first time, generated over €10m in revenue in a single quarter.

The share of software and services increased to 12% of revenue in the reporting period (compared with 8% in H1 2020), driven in particular by the success of network function virtualization solutions.

In geographic terms, growth in North America came out at 15%, rising to 25% in US dollars. While Optical Transport equipment continue to prove highly successful, the first half was marked by a boost in the sales of Access solutions. These solutions enable operators to undertake the virtualization of their network functions and benefit from new-generation software-defined networks (SDNs). Access sales almost doubled in the region, reaching a seven-digit number over the period. After a stable first quarter, the EMEA region bounced back sharply in the second, ending the first half with robust growth of 22%. All the business lines posted growth, with an extremely strong increase for Optical Transport equipment. First-half growth in France amounted to 4%, with a slight slowdown in Q2 2021 that was to be expected owing to extremely strong momentum in the region in Q2 2020 (growth of 29%). In the domestic market, all the Group's business activities also posted growth. In Asia-Pacific, the business activity remained depressed in the first half (-29%). The region continues to struggle to rebound following the extreme impact of the pandemic.

https://www.ekinops.com/news/corporate/record-revenue-in-first-half-2021-50-8m-for-a-substantial-increase-of-13-at-constant-exchange-rates

Saturday, June 12, 2021

SANWA acquires Fiberon for passive and active connectors

SANWA Denki Kogyo Co., Ltd. completed its acquisition of Fiberon Technologies, another provider of fiber optic network solutions. Financial terms were not disclosed.

FIBERON, founded in 1998, specializes in advanced passive and active connectivity products for the optical fiber communications market.

“FIBERON has continuously delivered quality products with excellent service and speed as a trusted supply partner to its customers,” said Yasuo Ishii, President and CEO of SANWA. “Joining FIBERON’s advanced product lines and strategic geographical presence together with SANWA’s unparalleled engineering, manufacturing, and quality management will significantly expand the available product range and service reach for current customers and offer a powerful supplier partnership for optical communications industry worldwide.”

In addition to the expanded product offerings by both companies, SANWA’s in-house design, engineering and manufacturing capabilities will now provide custom engineering and OEM sourcing options to FIBERON’s existing and new customers.

https://www.sanwa-us.com/

Tuesday, June 1, 2021

HPE posts sales of $6.7 billion, up 11% yoy

Hewlett Packard Enterprise (NYSE: HPE) reported sales of $6.7 billion for its 2nd quarter, ended April 30, 2021, up 11% from the prior-year period or 9% when adjusted for currency, with better than normal sequential seasonality driven by strong demand. GAAP gross margins was 34.1%. Non-GAAP diluted net EPS was $0.46, compared to $0.27 in the prior-year period and above the previously provided outlook of $0.38 to $0.44 per share. 

“Our disciplined execution on our strategic priorities is positively impacting both top and bottom line performance,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “We are strengthening our core compute and storage businesses, doubling down in our growth Intelligent Edge and HPC businesses and accelerating our pivot to as-a-service, while also advancing our cloud-first innovation agenda to become the edge-to-cloud platform as-a-service choice for our customers and partners.”

“As businesses emerge from the pandemic and move beyond the immediate needs of COVID, digital transformation is at the forefront of their strategic initiatives,” said Neri. “Our focus has been to accelerate our strategy in order to help our customers transform their businesses, optimize their applications and data across an increasingly distributed world, and be future ready, today.”


Some highlights:

  • Intelligent Edge revenue was $799 million, up 20% from the prior-year period or 17% when adjusted for currency, with 15.5% operating profit margin, compared to 12.3% from the prior-year period. Switching was up 17% from the prior-year period when adjusted for currency, WLAN was up 16% from the prior-year period when adjusted for currency, and Aruba SaaS offering was up triple-digits from the prior-year period and is now a meaningful contributor to HPE’s overall ARR.
  • High Performance Compute & Mission Critical Systems (HPC & MCS) revenue was $685 million, up 13% from the prior-year period or 11% when adjusted for currency, with 2.8% operating profit margin, compared to 7.6% from the prior-year period. We remain on track to achieve our full year and 3-year revenue growth CAGR target of 8% to 12%.
  • Compute revenue was $3.0 billion, up 12% from the prior-year period or up 10% when adjusted for currency, with 11.3% operating profit margin, compared to 5.8% from the prior-year period.
  • Storage revenue was $1.1 billion, up 5% from the prior-year period or up 3% when adjusted for currency, with 16.8% operating profit margin, compared to 15.7% from the prior-year period. Notable strength in software-defined solutions, including Nimble, up 17% from the prior-year period when adjusted for currency with strong momentum in dHCI growing triple-digits. All flash Arrays grew 20% from the prior-year period led by Primera, up triple-digits from the prior-year period.
  • Financial Services revenue was $839 million, up 1% from the prior-year period or down 3% when adjusted for currency, with 10.8% operating profit margin, compared to 9.2% from the prior-year period. 

Thursday, May 27, 2021

VMware reports sales of $2.99 billion, up 9% yoy

VMware reported revenue for the first quarter of its fiscal year 2022 of $2.99 billion, an increase of 9% from the first quarter of fiscal 2021. GAAP net income was $425 million, or $1.01 per diluted share, compared to $386 million, or $0.92 per diluted share, for the first quarter of fiscal 2021. Non-GAAP net income for the first quarter was $744 million, or $1.76 per diluted share, up 16% per diluted share.


Highlights:

  • The combination of subscription and SaaS and license revenue was $1.39 billion, an increase of 12% from the first quarter of fiscal 2021.
  • Subscription and SaaS revenue for the first quarter was $741 million, an increase of 29% year-over-year.
  • RPO for the first quarter totaled $11.0 billion, up 9% year-over-year.
  • The VMware Special Committee of independent directors and Dell Technologies have agreed to terms in which VMware will be spun-off from Dell Technologies. The terms include significant simplification to the corporate ownership structure and an $11.5B to $12.0B special cash dividend recommended by the independent Special Committee and declared by the VMware Board to all VMware stockholders immediately prior to the spin-off and subject to the satisfaction of all closing conditions. The two companies have also finalized a commercial agreement that preserves and enhances their strategic partnership to deliver joint customer value.

“We are pleased with our Q1 financial performance as we delivered solutions for customers in strategic areas like multi-cloud, application modernization and digital workspaces, while focusing on providing a broader set of consumption choices with our Subscription and SaaS offerings,” said Zane Rowe, CFO and Interim CEO, VMware. “We are excited to welcome Raghu Raghuram as the next CEO of VMware. This milestone, along with the proposed Dell spin-off, sets the stage for the company’s next innovative chapter.”

Wednesday, May 5, 2021

ADTRAN posts Q1 revenue of $127.5 million


ADTRAN reported Q1 2021 revenue of $127.5 million compared to $114.5 million for the same period a year ago. Net income for the first quarter of 2021 was $0.9 million and earnings per share, assuming dilution, was $0.02 per share. Non-GAAP net income was $6.3 million and non-GAAP earnings per share, assuming dilution, was $0.13 per share. 

ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, “Our business continues to be driven by strong demand for our fiber access platforms, in-home service delivery platforms and software platforms with regional service providers across the U.S. and Europe. These service providers increasingly turn to ADTRAN for end-to-end solutions that simplify the deployment of fiber-based broadband services while providing an enhanced subscriber experience. The increased demand for ADTRAN’s solutions was highlighted by record product order bookings in the quarter.”

ADTRAN also announced that its Board of Directors declared a cash dividend for the first quarter of 2021. The quarterly cash dividend of $0.09 per common share is to be paid to the company’s stockholders of record as of the close of business on May 20, 2021. 


Tuesday, May 4, 2021

Arista Networks reported Q1 2021 revenue of $667.6 million, an increase of 2.9% compared to the fourth quarter of 2020, and an increase of 27.6% from the first quarter of 2020.

GAAP gross margin was 63.7%, compared to GAAP gross margin of 63.9% in the fourth quarter of 2020 and 64.7% in the first quarter of 2020. Non-GAAP net income of $198.8 million, or $2.50 per diluted share, compared to non-GAAP net income of $161.7 million, or $2.02 per diluted share in the first quarter of 2020.

“Arista begins the 2021 year with a flying start. Clearly, the focus on our cognitive cloud networking suite is resonating with customers across diverse data sets and applications,” stated Jayshree Ullal, President and CEO of Arista Networks.


https://investors.arista.com/Home/default.aspx

Wednesday, April 28, 2021

Huawei's Q1 revenue drops 16.5% year-on-year

Huawei reported Q1 2021 revenue of CNY152.2 billion (US$23.17 billio) in revenue, a 16.5% decrease year-on-year. 

The company said its network business maintained steady growth, while its consumer business revenue declined, in part as a result of selling the Honor smart device brand in November 2020. Huawei's net profit margin was up 3.8 percentage points year-on-year at 11.1% – the result of the company's ongoing efforts to improve quality of operations and management efficiency, as well as a patent royalty income of US$600 million.

"2021 will be another challenging year for us, but it's also the year that our future development strategy will begin to take shape," said Eric Xu, Huawei's Rotating Chairman. "We thank our customers and partners for their ongoing trust. No matter what challenges come our way, we will continue to maintain our business resilience. Not just to survive, but do so sustainably. As always, we will remain focused on the needs of our customers and keep delivering practical business value."

"As always, we remain committed to technological innovation and investing heavily in R&D as we work to address supply continuity challenges caused by restrictions in the market", stressed Xu. "We will continue making breakthroughs in basic science and pushing the frontiers of technology."

Tuesday, April 27, 2021

Juniper posts Q1 revenue of $1.074 billion, up 8% YoY

 Juniper Networks reported Q1 2021 net revenues of $1,074.4 million, an increase of 8% year-over-year and a decrease of 12% sequentially.GAAP net loss was $31.1 million, a decrease of 252% year-over-year and 201% sequentially, resulting in diluted loss per share of $0.10. Non-GAAP net income was $98.5 million, an increase of 28% year-over-year, and a decrease of 46% sequentially, resulting in non-GAAP diluted earnings per share of $0.30.

“We reported strong March quarter results. Revenue exceeded our expectations and we experienced better than expected product orders across each of our customer verticals,” said Juniper’s CEO, Rami Rahim. “Momentum is strong entering the June quarter and we are confident regarding our growth prospects. We believe the success we are seeing is a result of the deliberate actions we have taken to strengthen our product portfolio and go-to-market organization, both of which are enabling us to capitalize on attractive end-market opportunities now and in the future.”


Regarding its outlook, Juniper said the worldwide shortage of semiconductors is causing ongoing supply constraints which have resulted in extended lead times. The company believes that extended lead times will likely persist for the next few quarters, but that, at this point in time, it believes it will have access to sufficient semiconductor supply to meet its full-year financial forecast.

At the mid-point of guidance, revenue is expected to be up 5% year-over-year. Juniper expects to see sequential growth across our Cloud and Enterprise verticals while Service Provider is expected to remain approximately flat.

Additional highlights from Juniper:

  • Automated WAN Solutions increased 22% YOY, with both MX and PTX product families posting YOY growth. 
  •  While Cloud-ready Data Center (CRDC) declined 10% YOY due to the timing of deals, orders grew more than 30% YOY due to broad-based strength across cloud, enterprise and service provider customers; Apstra exceeded expectations. 
  •  AI-Driven Enterprise increased 12% versus last year, as Mist and EX product families grew YOY. Security revenue increased 11% YOY and orders exceeded expectations in the period. Strength was especially notable in the high-end of the market, although Juniper saw growth across all customer verticals and product families. 
  •  Software and related services revenue grew 7% YOY. Software orders were particularly strong in the quarter, rising more than 70% on a YOY basis due to broad based strength across verticals and use cases. The services team delivered another solid quarter and continued to grow on a YOY basis due to strong renewals and service attach rates. 
  •  Juniper’s Mist AI saw new logos nearly double in Q1 andas orders experienced another quarter of triple digit growth, with a record number of deals greater than $1M. Juniper’s “Mistified” business of Wireless LAN, Wired Access, Marvis Virtual Network Assistant and Associated EX pull through approximately doubled YOY and saw record EX pull through in Q1.  In addition to strength with large Fortune 500 customers, Juniper is experiencing continued strength in the channel and improved momentum with smaller commercial accounts, highlighting the value of its AI-driven enterprise offerings to customers of all sizes and across all verticals.

A10 Networks reported Q1 2021 revenue of $54.8 million, up 2.0% year-over-year. GAAP gross margin was 77.2% and non-GAAP gross margin was 78.9%. GAAP net income was $2.7 million, or $0.03 per share, compared with a net loss of $(297,000), or $(0.00) per share in the first quarter of 2020. Non-GAAP net income was $9.4 million, or $0.12 per share compared with non-GAAP net income of $4.0 million, or $0.05 per share in the first quarter of 2020.


Deferred revenue was $113.2 million, up 11.8% year-over-year. Security solutions grew to 60% of revenue and increased 15.5% on TTM basis.

"We made significant progress in the first quarter against our stated goal of growing recurring revenue, and continued increasing security solutions revenue as a percent of total revenue,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “Our best-in-class security solutions are increasingly well-received by the market, and demand for network security solutions is growing. Software now represents more than 10% of our total revenue in the first quarter, compared to 6% for the full-year of 2020 and just 4% in 2019. Our stated goal was to grow recurring revenue faster than our consolidated revenue, giving us greater predictability into our quarterly revenues and enhancing the financial leverage we have built into our business model. As expected, we saw a decline in our Japan revenue related to the timing of the Olympics, but our strong book-to-bill performance in the quarter of 1.2:1 supports our full-year growth outlook for Japan. We were able to offset this temporary weakness with strong, improving performance in the Americas.”

Thursday, April 22, 2021

Intel posts rise in EPS, dip in data center sales

 Intel reported Q1 revenue of $19.7 billion (GAAP), down 1 percent year over year (YoY), and non-GAAP revenue of $18.6 billion, flat YoY, which exceeded January guidance by $1.1 billion. First-quarter GAAP earnings-per-share (EPS) was $0.82; non-GAAP EPS was $1.39, which exceeded January guidance by $0.29.

“Intel delivered strong first-quarter results driven by exceptional demand for our leadership products and outstanding execution by our team. The response to our new IDM 2.0 strategy has been extraordinary, our product roadmap is gaining momentum, and we’re rapidly progressing our plans with re-invigorated focus on innovation and execution,” said Pat Gelsinger, Intel CEO. “This is a pivotal year for Intel. We are setting our strategic foundation and investing to accelerate our trajectory and capitalize on the explosive growth in semiconductors that power our increasingly digital world.”

First-quarter revenue exceeded January guidance by $1.1 billion led by continued, 

Intel said its results were driven by strong PC demand. PC unit volumes were up 38 percent YoY, and notebook volumes set a new Intel record. The company also saw initial recovery of Enterprise and Government sales in the Data Center Group (DCG). 

Intel also achieved better-than-expected revenue in Internet of Things Group (IOTG) and Mobileye, and Mobileye set a new revenue record in the quarter.



https://www.intc.com/financial-info

Wednesday, April 21, 2021

NETGEAR's Q1 revenue soars to $317.9 million, up 38.3% yoy

NETGEAR reported Q1 2021 net revenue of $317.9 million, an increase of 38.3% from the comparable prior year quarter. First quarter 2021 GAAP net income per diluted share of $0.72, as compared to net loss per diluted share of $0.14 in the comparable prior year quarter. First quarter 2021 non-GAAP net income per diluted share of $0.99, as compared to $0.21 in the comparable prior year quarter.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “With both businesses performing well, Q1 marks a strong beginning to the year for us. The NETGEAR team again navigated the ongoing challenges in the supply chain to deliver strong revenue growth. Our revenue came in at $317.9 million for year over year growth of 38.3%, and we delivered record non-GAAP operating profit of $42.3 million, a non-GAAP operating margin of 13.3%. The higher than anticipated demand for SMB products propelled us over the high end of our topline guidance range. Non-GAAP operating margin significantly exceeded expectations, buoyed by a higher mix of SMB and higher margin e-commerce revenue as well as lower air freight expense.”

Mr. Lo continued, “Our outstanding first quarter was powered by strong demand across both of our businesses. Our SMB business benefited from the reopening of economies worldwide, notching strong sequential growth of 8.5% and year over year growth of 17.9%. Our CHP business again saw strong growth year on year, led by the premium segment, and we continue to hold a leading market share position in this fast growing, highly lucrative segment. This allowed us to gain share globally, and most notably we saw our US market share in consumer WiFi climb two points in the first quarter. All of this has translated into continued success in our efforts to grow our recurring subscription services business, as we added 44,000 subscribers, exiting the quarter with 481,000, and keeping us on track to reach our goal of 650,000 subscribers by the end of the year.”

Thursday, April 15, 2021

IPI Partners raises $3.8 billion in second fund for data centers

IPI Partners (IPI), a global investment platform focused exclusively on data centers and other technology and connectivity-related real assets,  announced the final closing of IPI Partners II at $3.8 billion. IPI said its second fund attracted demand well in excess of its target, reflecting strong support from a global institutional investor base. 

IPI II acquires, develops, leases, and operates data centers and related assets that serve the digital capacity needs of large, high-quality technology companies globally. Over the last four and a half years, IPI has built one of the world’s largest privately held data center portfolios with 480 megawatts leased and capacity for more than 880 megawatts. IPI II began investing in 2020, and most recently closed on the acquisition of SUPERNAP Italia, a Milan-based data center platform.

“Fundraising for IPI II has been a resounding success, and we are extremely grateful that our recent achievements and established market presence have earned the trust and confidence of a wide range of high quality, sophisticated investors,” said Matt A’Hearn, Partner at IPI. “The fund’s close comes at a truly ideal time, aligning with the large and growing opportunity we see at the core of our investment strategy.”

http://www.ipipartners.com

Monday, April 12, 2021

NVIDIA: Q1 revenue ahead of expectations

NVIDIA announced that first quarter revenue for fiscal 2022 is tracking above its previously provided outlook, with outperformance in each of its market platforms.

“While our fiscal 2022 first quarter is not yet complete, Q1 total revenue is tracking above the $5.30 billion outlook provided during our fiscal year-end earnings call. We are experiencing broad-based strength, with all our market platforms driving upside to our initial outlook,” said Colette Kress, executive vice president and chief financial officer of NVIDIA.

“Within Data Center we have good visibility, and we expect another strong year. Industries are increasingly using AI to improve their products and services. We expect this will lead to increased consumption of our platform through cloud service providers, resulting in more purchases as we go through the year. Our EGX platform has strong momentum, and we expect this will drive increased revenue from enterprise and edge computing deployments in the second half of the year.

“Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean. We expect demand to continue to exceed supply for much of this year. We believe we will have sufficient supply to support sequential growth beyond Q1,” she continued.


https://s22.q4cdn.com/364334381/files/doc_presentations/2021/04/v2/NVIDIA-Investor-Day-2021-FINAL.pdf

Tuesday, March 16, 2021

ZTE posts 11.8% growth as infrastructure investments in China surge

 ZTE reported operating revenue of RMB101.45 billion (about US$15.6 billion) for 2020, representing a year-on-year increase of 11.8%. Net profit amounted to RMB4.26 billion, a year-on-year decrease of 17.3%, attributable mainly to the relatively substantial growth in net profit for 2019 comprising a one-off income before taxation of RMB2.66 billion from asset disposal during the third quarter of 2019. Basic earnings per share was RMB0.92.

In 2020, ZTE's operating revenue in both domestic and international markets increased year-on-year, with operating revenue in domestic and international markets increased by 16.9% to RMB68.05 billion and 2.7% to RMB33.40 billion respectively.  


In 2020, ZTE's operating revenue in both domestic and international markets increased year-on-year, with operating revenue in domestic and international markets increased by 16.9% to RMB68.05 billion and 2.7% to RMB33.40 billion respectively.  

Some highlights for 2020:

  • Year-on-year growth in all its three major businesses:  operator networks, government and enterprise services and consumer services grew by 11.2% to RMB74.02 billion, 23.1% to RMB11.27 billion and 7.8% to RMB16.16 billion respectively. 
  • Net cash flows from operating activities for 2020 rose to RMB10.23 billion, a year-on-year increase of 37.4%, setting a new record again. 
  • R&D spending amounted to RMB14.80 billion with a year-on-year growth of 17.9%, which was 14.6% as a percentage of operating revenue, 0.8 percentage point higher than that in 2019. 

https://www.zte.com.cn/global/about/news/20210316e1.html