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

Thursday, January 23, 2020

Ericsson: flat sales, improving margins, impact from Sprint/T-Mobile

Ericsson reported 4Q2019 sales of SEK 66.4 billion (US$6.96 billion), up 1% adjusted for comparable units and currency. Revenue dipped in North America but was compensated by growth in other markets, primarily in the Middle East and North East Asia. Reported sales grew by 4%. Gross margin was 37.1% (32.0%) excluding restructuring charges.

Full-year 2019 sales increased by 4%, adjusted for comparable units and currency, with Networks growing by 6%. Reported sales increased by 8%.

Börje Ekholm, President and CEO of Ericsson, states:

"Our performance during 2019 puts us on track to reach our targets for 2020 and 2022. Our focused strategy with increased investments in R&D combined with operational efficiency is paying off. We have regained technology leadership, recovered previously lost ground in several markets and improved the financial results. Today, we are a leader in 5G with 78 commercial 5G agreements with unique operators and 24 live 5G networks on four continents. Operating margin[1] excluding costs related to the resolution of the US SEC and DOJ investigations and restructuring charges was 9.7% for full-year 2019, almost reaching the target of more than 10% one year early..."

"Due to the uncertainty related to an announced operator merger, we saw a slowdown in our North American business in Q4, resulting in North America having the lowest share of total sales for some time. However, the underlying business fundamentals in North America remain strong. The negative growth in North America was more than offset by growth in Asia and the Middle East. It is still too early to assess possible volumes and price levels for the expected deployment of 5G in China, and we expect that the initial challenging margins will shift to positive margins over the lifespan of the contracts."

https://www.ericsson.com/en/press-releases/2020/1/ericsson-reports-fourth-quarter-and-full-year-results-2019

Comcast cites Q4 gains in broadband and wireless

Comcast reported consolidated revenue for the fourth quarter of 2019 of $28.4 billion, up 2.0%. Consolidated net income attributable to Comcast increased 25.9% to $3.2 billion. Consolidated adjusted EBITDA increased 3.0% to $8.4 billion.

For the twelve months ended December 31, 2019, Comcast's consolidated revenue increased 15.3% to $109 billion compared to 2018. Consolidated net income attributable to Comcast increased 11.3% to $13.1 billion. Consolidated Adjusted EBITDA increased 13.6% to $34.3 billion.
Capital Expenditures decreased 2.5% to $3.1 billion in the fourth quarter of 2019.

Cable Communications’ capital expenditures decreased 7.8% to $2.1 billion. NBCUniversal’s capital expenditures increased 7.6% to $641 million. Sky had capital expenditures of $228 million.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said,

"We delivered strong operational and financial results in the fourth quarter, capping another great year for Comcast, including double-digit growth in full-year adjusted EPS, record free cash flow and 1.4 million broadband net additions in the U.S. Our teams at Cable, NBCUniversal and Sky continued to execute at a high level, strengthening our leadership position in our markets. Looking ahead, in 2020 we are leaning into exciting opportunities, including: further differentiating our broadband product in the U.S. through innovations like Flex and xFi Advanced Security; accelerating the deployment of Sky Q; launching a new broadband service in Italy; debuting Super Nintendo World at Universal Studios Japan; and introducing a world-class streaming service - Peacock - which leverages capabilities from across Comcast. Underscoring our confidence in the continued success of our company, we are pleased to announce a 10% increase in our dividend, our 12th consecutive annual increase."

  • Revenue for Cable Communications increased 2.6% to $14.8 billion in the fourth quarter of 2019, driven primarily by increases in high-speed internet, business services and wireless revenue, partially offset by a decrease in advertising revenue.
  • High-speed internet revenue increased 8.8%, driven by an increase in the number of residential high-speed internet customers and rate adjustments.
  • Business services revenue increased 8.8%, due to an increase in the number of customers receiving our services and an increase in average rates.
  • Wireless revenue increased 39.4%, primarily reflecting an increase in the number of customer lines.
  • Advertising revenue decreased 19.1%, reflecting a decrease in political advertising revenue.
  • Excluding political advertising revenue, advertising revenue was consistent with the prior year period.
  • Video revenue decreased 1.2%, reflecting a decrease in the number of residential video customers, partially offset by rate adjustments.
  • Voice revenue decreased 3.6%, primarily due to a decrease in the number of residential voice customers.

Wednesday, January 22, 2020

IBM cites accelerated cloud performance in 4Q19

IBM posted 4Q10 revenue of $21.8 billion, up 0.1 percent, with GAAP EPS from continuing operations of $4.11. Red Hat revenue was up 24 percent. Total cloud revenue was $6.8 billion, up 21 percent.

Highlights by segment:
  • Cloud & Cognitive Software (includes Cloud & Data Platforms which includes Red Hat; Cognitive Applications; and Transaction Processing Platforms) — revenues of $7.2 billion, up 8.7 percent (up 9.4 percent adjusting for currency), led by cloud, Security, and IoT; Cloud & Data Platforms, up 19 percent (up 20 percent adjusting for currency); Cognitive Applications, up 1 percent; Transaction Processing Platforms, up 3 percent (up 4 percent adjusting for currency).
  • Global Business Services (includes Consulting, Application Management and Global Process Services) — revenues of $4.2 billion, down 0.6 percent (down 0.3 percent adjusting for currency), with growth in Consulting, up 4 percent.
  • Global Technology Services (includes Infrastructure & Cloud Services and Technology Support Services) — revenues of $6.9 billion, down 4.8 percent (down 4.0 percent adjusting for currency).
  • Systems (includes Systems Hardware and Operating Systems Software) — revenues of $3.0 billion, up 16.0 percent (up 16.5 percent adjusting for currency), led by IBM Z, up 62 percent (up 63 percent adjusting for currency); Storage Systems revenue grew 3 percent.
  • Global Financing (includes financing and used equipment sales) — revenues of $301 million, down 25.3 percent (down 24.9 percent adjusting for currency); revenue reflects the wind-down of OEM commercial financing.
“We ended 2019 on a strong note, returning to overall revenue growth in the quarter, led by accelerated cloud performance," said Ginni Rometty, IBM chairman, president and chief executive officer. "Looking ahead, this positions us for sustained revenue growth in 2020 as we continue to help our clients shift their mission-critical workloads to the hybrid cloud and scale their efforts to become a cognitive enterprise.”

Tuesday, January 7, 2020

A10 Networks boosts its earnings guidance

A10 Networks expects to report revenue results for the fourth quarter of 2019 between $59 million and $60 million, above the previous guidance range of $55 million to $59 million. The results are preliminary.

“I am excited by the overall opportunity for A10 investors, customers and employees. We believe our strong customer engagement and exciting product roadmap positions us well for the future needs of the industry. Looking ahead, we remain focused on driving improved financial performance through top-line growth and operational excellence,” said Dhrupad Trivedi, CEO of A10 Networks.

Thursday, December 12, 2019

Broadcom posts revenue of $5.78 billion, up 6% yoy

Broadcom reported quarterly net revenue of $5,776 million, 4.7 percent higher than $5,515 million in the previous quarter and 6.1 percent higher than $5,444 million in the same quarter last year.

Gross margin 54.6 percent of net revenue. Operating income was $1,054 million, or 18.2 percent of net revenue. This compares with operating income of $865 million, or 15.7 percent of net revenue, in the prior quarter, and operating income of $1,652 million, or 30.3 percent of net revenue, in the same quarter last year. Net income was $847 million, or $1.97 per diluted share. This compares with net income of $715 million, or $1.71 per diluted share, in the prior quarter, and net income of $1,115 million, or $2.64 per diluted share, in the same quarter last year.

The results do not include the Symantec Enterprise Security business, which Broadcom acquired on November 4, 2019.

On an annual basis, the semiconductor business declined 8% yoy, offset by gains in the infrastructure software business. All silicon categories declined for the year, with the exception of networking.

"Fiscal year 2019 concluded as expected. Our semiconductor solutions segment continued to work its way through a cyclical correction. This was more than offset by our infrastructure software segment, which delivered healthy results benefitting from the integration and performance of our CA business," said Hock Tan, President and CEO of Broadcom Inc. "Looking to fiscal 2020, we remain well-positioned across our technology franchises. We continue to believe that our core semiconductor business is bottoming and will return to year over year growth in the second half of our fiscal year. In addition, we expect to benefit from the integration of the Symantec Enterprise Security business into what is otherwise expected to be a stable infrastructure software segment in fiscal 2020."

Sunday, November 24, 2019

Orange divests operations in Niger

Orange has sold its entire 95.5% stake in Orange Niger to Zamani Com S.A.S. Zamani Com S.A.S. is wholly owned by Mr Mohamed Rissa of Rimbo Invest and Mr Moctar Thiam of Greenline Communications, both minority shareholders of Orange Niger. Financial terms were not disclosed.

The company’s services will continue to be marketed under the Orange brand during a transition period.

Orange says the Africa and Middle East region remains a strategic priority, however, the market environment in Niger led to this decision.

Tuesday, November 12, 2019

Infinera posts Q3 revenue of $325 million

Infinera reported GAAP revenue of $325.3 million for its third quarter ended September 28, 2019, compared to $296.3 million in the second quarter of 2019 and $200.4 million in the third quarter of 2018.

GAAP gross margin for the quarter was 26.7% compared to 20.7% in the second quarter of 2019 and 35.0% in the third quarter of 2018. GAAP operating margin for the quarter was (21.3)% compared to (36.6)% in the second quarter of 2019 and (12.6)% in the third quarter of 2018.

GAAP net loss for the quarter was $(84.8) million, or $(0.47) per share, compared to a net loss of $(113.7) million, or $(0.64) per share, in the second quarter of 2019, and net loss of $(32.6) million, or $(0.21) per share, in the third quarter of 2018.

Non-GAAP revenue for the quarter was $327.6 million compared to $306.9 million in the second quarter of 2019 and $200.4 million in the third quarter of 2018.

“In the third quarter, we delivered solid results and achieved significant bookings growth while completing the most challenging tasks of the Coriant integration. Our focused execution and growing backlog keep us on track to deliver double our synergy savings commitments in fiscal 2019 and return to non-GAAP operating profitability and positive cash flow for the fourth quarter of 2019,” said Tom Fallon, Infinera CEO. “We have also enhanced our innovation pipeline with announced DRX wins, the successful launch of XR optics, and growing confidence in our plan to deliver 800G products to the market in 2020.”

Sunday, November 3, 2019

Alibaba Cloud continues to soar in Q3 - up 64% yoy to US$1.3B

Alibaba reported cloud computing revenue of RMB9,291 million (US$1,300 million) during the September 2019 quarter, primarily driven by an increase in average revenue per customer.

As of August 2019, 59% of companies listed in China are customers of Alibaba Cloud.

Alibaba said the adoption of cloud services in China’s public sector and traditional industries is driven not only by demand for cost-effective IT solutions, but also by transformation of business models and processes through digitization of customer insight, inventory, work flow, resource planning and other aspects.


AWS generated Q3 sales of $9 billion, 35% growth


Amazon Web Services generated Q3 revenue of $8.995 billion, up 35% compared to last year.

Trailing 12 months (TTM) revenue was $32.5 billion.

Tuesday, October 29, 2019

A10 Networks returns to profitability as revenues rise 7% yoy

A10 Networks reported Q3 2019 revenue of $52.8 million, up 7 percent compared with $49.2 million in Q2 2019. GAAP gross margin was 77.4 percent. GAAP net income was $0.2 million, or $0.00 per basic and diluted share, and non-GAAP net income was $1.8 million, or $0.02 per basic and diluted share.

“We delivered results in the third quarter that were in-line to above our most recent guidance. Our revenue increased 7% sequentially, and we were pleased with improving demand from our service provider vertical, which grew 36% versus the prior quarter. We also saw continued strength in 5G security in South Korea, Japan, and the Middle East,” said Lee Chen, president and chief executive officer of A10 Networks. “We are optimistic as we look to the fourth quarter and beyond, due to improving demand signals from several key North America accounts, expanded 5G security infrastructure deployments on the part of service providers across the globe, an ongoing positive mix shift toward more recurring maintenance and subscription revenue, and the fact that the company is laser-focused on making progress to accelerate operating income.”

https://investors.a10networks.com/news/default.aspx

Monday, October 28, 2019

AT&T's Q3 revenue dips to $44.6 billion

Citing declines in revenues from legacy wireline services, WarnerMedia and domestic video, AT&T reported consolidated Q3 revenues of $44.6 billion versus $45.7 billion in the year-ago quarter. Operating expenses were $36.7 billion versus $38.5 billion in the year-ago quarter, down 4.6% due to lower intangible asset amortization, lower Entertainment Group costs, lower Warner Bros. film and TV production costs, and cost efficiencies. Third-quarter net income attributable to AT&T was $3.7 billion, or $0.50 per diluted share, versus $4.7 billion, or $0.65 per diluted share, in the year-ago quarter.



AT&T noted growth in strategic and managed business services, domestic wireless services and IP broadband.

Mobility:

  • Service revenues up 0.7% in 3Q; up 1.9% year to date
  • 255,000 phone net adds (101,000 postpaid, 154,000 prepaid); 780,000 phone net adds year to date
  • Total net adds of 3.7 million to reach 162.3 million in service
  • Postpaid phone-only ARPU increased 0.6% versus the year-ago quarter
  • Nearly 900,000 FirstNet connections across more than 9,800 agencies now in service 

Entertainment Group:

  • Operating income up 4.8% year to date with solid video and broadband ARPU gains
  • 2.3% year-to-date EBITDA growth as Company targets stability
  • Video subs impacted by focus on long-term value customer base and carriage disputes:
  • 20.4 million premium TV subscribers – 1,163,000 net loss
  • 1.1 million AT&T NOW subscribers – 195,000 net loss
  • IP broadband revenue growth of 3.5%; 318,000 AT&T Fiber gains
  • Nearly 85% of all broadband subscribers on AT&T’s fiber network have speeds of 100 megabits or more. 
  • Total broadband customers with speeds of 100 megabits or faster have more than doubled in the past year.
  • AT&T now markets its 100% fiber network to nearly 14 million customer locations in parts of 85 major metro areas. 
  • Broadband penetration in the fiber footprint continues to be significantly higher than in AT&T’s non-fiber footprint with penetration rates increasing the longer we have fiber in a market.

Sunday, October 27, 2019

AT&T to sell stake in Central European Media Enterprises for $1.1B

AT&T agreed to sell its stake in Central European Media Enterprises Ltd. to an affiliate of the Czech investment firm PPF Group N.V. (PPF) for approximately $1.1 billion in cash at close and will also be relieved of a $575 million debt guarantee.

CME, which has broadcast operations in Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia, announced in early 2019 that it was conducting a review of strategic options, including a potential sale of part or all of the company. AT&T acquired its stake in CME with the acquisition of Time Warner, now WarnerMedia, in 2018.

AT&T said the sale is consistent with its plans to monetize non-strategic assets as it continues to pay down debt.

Wednesday, October 23, 2019

Microsoft Azure sales grew 59% yoy in Q3

Microsoft reported quarterly revenue of $33.1 billion, up 14% yoy, and net income of $10.7 billion, up 21%.

“The world’s leading companies are choosing our cloud to build their digital capability,” said Satya Nadella, chief executive officer of Microsoft. “We are accelerating our innovation across the entire tech stack to deliver new value for customers and investing in large and growing markets with expansive opportunity.”


Some highlights

Revenue in Productivity and Business Processes was $11.1 billion and increased 13% (up 15% in constant currency), with the following business highlights:

  • Office Commercial products and cloud services revenue increased 13% (up 15% in constant currency) driven by Office 365 Commercial revenue growth of 25% (up 28% in constant currency)
  • Office Consumer products and cloud services revenue increased 5% (up 6% in constant currency) with continued growth in Office 365 Consumer subscribers to 35.6 million
  • LinkedIn revenue increased 25% (up 26% in constant currency)
  • Dynamics products and cloud services revenue increased 14% (up 16% in constant currency) driven by Dynamics 365 revenue growth of 41% (up 44% in constant currency)

Revenue in Intelligent Cloud was $10.8 billion and increased 27% (up 29% in constant currency), with the following business highlights:

  • Server products and cloud services revenue increased 30% (up 33% in constant currency) driven by Azure revenue growth of 59% (up 63% in constant currency)
  • Enterprise Services revenue increased 7% (up 8% in constant currency)

Revenue in More Personal Computing was $11.1 billion and increased 4% (up 5% in constant currency), with the following business highlights:

  • Windows OEM revenue increased 9% (up 9% in constant currency)
  • Windows Commercial products and cloud services revenue increased 26% (up 29% in constant currency)
  • Search advertising revenue excluding traffic acquisition costs increased 11% (up 13% in constant currency)
  • Xbox content and services revenue was relatively unchanged (up 1% in constant currency)
  • Surface revenue decreased 4% (down 2% in constant currency)

Wednesday, October 9, 2019

ADTRAN trims Q3 estimates citing pause from 2 international customers

ADTRAN trimmed its preliminary estimates for the third quarter ended September 30, 2019, saying it now expects revenue for the quarter to be approximately $114 million. Earnings per share for the quarter, assuming dilution, is expected to be a loss of approximately $0.96. Non-GAAP earnings per share for the quarter, assuming dilution, is expected to be a loss of approximately $0.06.

ADTRAN Chief Executive Officer Tom Stanton stated, “Our revenue this quarter has been significantly impacted by a pause in shipments to a Tier 1 customer in Latin America and the continued slowdown in the spending at an international Tier 1 customer. With the exception of these two large customers, revenues generated from the rest of our business grew 20% over the previous quarter. Although we expect our Latin American customer sales to rebound, our current visibility regarding timing is limited. For the international Tier 1 customer, we expect that sales should resume with the new capital cycle in 2020.”

Our current expectation for revenue for the fourth quarter of 2019, is that it will be flat to slightly down from the third quarter. Additionally, we plan for our non-GAAP operating expenses during the fourth quarter to be approximately 10% below our second quarter non-GAAP expense rate.

Sunday, August 18, 2019

Telstra posts declining sales/profits, focuses on T22 strategy

Citing negative headwinds from nbn, Telstra last week reported total FY 2019 income of A$27.8 billion, down 3.6 percent year over year. EBITDA decreased by 21.7 percent to $8.0 billion.

Regarding the impact of the nbn, Telstra absorbed around $600 million of negative recurring EBITDA headwind in the period. Underlying EBITDA decreased approximately 4 percent excluding the in-year nbn headwind.

To date, Telstra estimates the nbn has adversely impacted EBITDA by approximately $1.7 billion since FY16, and estimates it is around 50 percent of the way through the recurring financial impact of the nbn.

Telstra CEO Andrew Penn said the company is fully committed to its T22 strategy one year in and that it is making strong progress on its implementation.

“FY19 has been a pivotal year for Telstra. Notwithstanding the intense competitive environment and the challenging structural dynamics of our industry, it is a year in which I believe we can start to see the turning point in the fortunes of the company from the changes we have embraced,” Mr Penn said. “We completed our strategic investment program announced in 2016 to digitise our business and create the networks for the future, delivering over $500 million of EBITDA benefits. We passed the halfway mark of customers migrating onto the nbn network. We launched 5G, the next generation of telco technology and the platform for future growth for us and our customers. And at the start of the year we commenced our T22 strategy, where we have made very significant progress."

Telstra said it has removed  $456 million in underlying costs in the year.

"This means we have achieved $1.17 billion in reductions since FY16 and we are on track to achieve our $2.5 billion net cost reduction target by FY22," Mr Penn said. “Our cost out drivers have included simplification and digitization and this has led to reductions in direct and indirect labour costs as well as non-labour related costs. Examples include 900,000 fewer truck rolls over the year enabling us to reduce our fleet vehicles by 14 percent, and we have also reduced our property footprint by 8 percent."




Some highlights:

  • Telstra Consumer and Small Business - income decreased by 1.6 percent to $14,271 million, largely impacted by a 6.3 percent decline in fixed as a result of ongoing standalone fixed voice decline. Mobile services revenue decreased by 2.3 percent as declining Average Revenue Per User (ARPU) offset customer net additions. Network Applications and Services (NAS) revenue continued to grow, increasing by 13.9 percent, primarily driven by growth in unified communications.
  • Mobile broadband revenue decreased by 14.0 percent to $673 million after a decline in ARPU and reduction of 266,000 customer services in postpaid and prepaid. IoT revenue grew by 19.4 percent to $203 million, increasing customer services by 561,000 due to the introduction of new IoT products
  •  Telstra now serves a a total of 2,605,000 nbn connections, an increase of 659,000. nbn market share is now 49 percent (excluding satellite)
  • Telstra Enterprise - income increased by 0.3 percent to $8,243 million as growth in international offset a decline in domestic. Telstra Enterprise domestic income decreased by 2.1 percent as growth in NAS and mobility was offset by industry ARPU decline in Data & IP and ongoing decline in ISDN. Telstra Enterprise international income grew by 9.0 percent mainly due to growth in higher-margin Data & IP and a positive impact from the depreciation of the Australian dollar (AUD).
  • Networks and IT  - responsible for the overall planning, design, engineering architecture and construction of Telstra networks, technology and information technology solutions. It primarily supports the revenue-generating activities of other segments. Networks and IT income decreased by 6.7 percent to $70 million.
  • Telstra InfraCo - income excluding internal access charges decreased by 6.3 percent to $3,057 million due to expected declines from Telstra Wholesale fixed legacy and nbn commercial works, partly offset by increased recurring nbn DA receipts. Including internal access charges, income increased by 51.6 per cent to $4,948 million. Internal access charges were recognised from 1 July 2018 following the establishment of Telstra InfraCo as a standalone business unit, therefore there were no access charges in FY18.
  • Telstra InfraCo is now fully operational as a standalone infrastructure business unit within Telstra. Telstra InfraCo controls assets with a book value of around $11 billion and is responsible for key network assets including data centres and exchanges, most of the fibre network, the copper and hybrid fibre coaxial networks, international subsea cables, poles, ducts and pipes.

Wednesday, July 24, 2019

AT&T says its 5G rollout is on track

AT&T reported Q2 2019 consolidated revenues of $45.0 billion and adjusted EPS of $0.89 compared to $0.91 in the year-ago quarter. The company raised its free cash flow guidance to $28 billion range and reaffirmed its financial guidance for the rest of the year.

Declines in revenues from legacy wireline services, Vrio, domestic video and wireless equipment were more than offset by the addition of WarnerMedia and growth in domestic wireless services, strategic and managed business services, IP broadband and Xandr.

Net debt has been reduced by $18 billion over the past 12 months and now stands at about $150 billion.

AT&T says it is on track for nationwide 5G coverage by mid-2020.

“We’re halfway through the year and on track to deliver on all our 2019 priorities,” said Randall Stephenson, AT&T chairman and CEO. “We continue to pay down debt and are more confident than ever that we’ll meet our yearend deleveraging goal, and we’ll take a look at buying back stock.  Our FirstNet build is not only running ahead of schedule – it’s become a driver of our wireless network leadership in speed, reliability and network performance. It also sets us up to have nationwide commercially available 5G coverage in the first half of 2020."


Highlights:


  • In Mobility, service revenues were up 2.4%. There were 355,000 phone net adds, including 144,000 postpaid smartphone net adds and 72,000 postpaid phone net adds. There were 341,000 prepaid net adds of which 283,000 were phones.
  • For the Entertainment Group, there was a 2.6% operating income growth with solid video and broadband ARPU gains. AT&T now has 21.6 million premium TV subscribers, with a 778,000 net loss during the quarter. There are now 1.3 million DIRECTV NOW subscribers, with a 168,000 net loss in Q2.  AT&T TV, company’s new thin client video service, is expected to begin trials in the third quarter.
  • IP broadband revenue growth was 6.5% with 318,000 AT&T Fiber gains. AT&T now has nearly 14 million customer locations passed with fiber, and 22 million when business locations are included.

https://investors.att.com/

Wednesday, July 17, 2019

ADTRAN reports Q2 sales of $156.4 million, up 22% yoy

ADTRAN reported preliminary revenue of $156.4 million for Q2 2019, compared to $128.0 million for the second quarter of 2018. Net income is estimated to be $5.1 million compared to a net loss of $7.7 million for the second quarter of 2018. Earnings per share, assuming dilution, is estimated to be $0.11 compared to a loss per share of $0.16 for the second quarter of 2018. Non-GAAP net income is estimated to be $6.9 million compared to a net loss of $4.6 million for the second quarter of 2018. Non-GAAP earnings per share, assuming dilution, is estimated to be $0.14 compared to a loss per share of $0.10 for the second quarter of 2018.

ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, “We are pleased with our continued progress and solid performance for the second quarter of 2019. Revenue for the quarter grew 22% year-over-year and 9% over the previous quarter. Our execution continues to be strong across North America, LATAM, EMEA, and the Pacific Rim with diverse and well-balanced material revenue contributions from each of these regions. This sustained progress underscores the Company’s global impact as we help our customers build their best networks.”

ADTRAN's Board of Directors also declared a cash dividend for the second quarter of 2019 of $0.09 per common share to be paid to holders of record at the close of business on August 1, 2019.

Thursday, February 14, 2019

Arista posts Q4 sales of $596 million, up 27% YoY

Arista Networks reported fevenue of $595.7 million for Q4 2018, an increase of 5.8% compared to the third quarter of 2018, and an increase of 27.3% from the fourth quarter of 2017. GAAP gross margin was 62.9%, compared to GAAP gross margin of 64.2% in the third quarter of 2018 and 65.7% in the fourth quarter of 2017. GAAP net income was $170.3 million, or $2.10 per diluted share, compared to GAAP net income of $103.8 million, or $1.29 per diluted share, in the fourth quarter of 2017. Non-GAAP net income was $182.2 million, or $2.25 per diluted share, compared to non-GAAP net income of $137.3 million, or $1.71 per diluted share, in the fourth quarter of 2017.

"We are pleased with our solid 2018 financial performance and continued momentum across cloud titan and enterprise verticals. Arista is earning a strategic role with customers deploying transformative cloud networking,” stated Jayshree Ullal, Arista President and CEO.

Supermicro sales exceed guidance

Super Micro Computer, which supplies server and storage solutions, expects to report the following financial results for the quarter ended December 31, 2018:


  • Net sales in a range of $915 million to $925 million compared to its previous guidance range of $830 million to $890 million
  • GAAP and non-GAAP gross margin in the range of 13.9% to 14.1%
  • GAAP fully diluted earnings per share in the range of $0.25 to $0.30; non-GAAP fully diluted earnings per share in the range of $0.57 to $0.61
  • Cash flow from operations of $42 million and capital expenditures of $4 million
  • GAAP gross margin for the fiscal second quarter of 2019 that the Xompany expects to report is in the range of 13.9% to 14.1% and GAAP fully diluted earnings per share is in the range of $0.25 to $0.30.

Wednesday, February 13, 2019

Equinix sees record bookings for its 200 global data centers

Equinix reported 2018 annual revenues of $5.072 billion, an increase of 16% year-over-year; 9% growth on a normalized and constant currency basis. Net income amounted to $365 million, a 57% increase over the previous year.

Some highlights:
  • Achieved record global gross and net bookings in the 4th quarter
  • Equinix has 36 expansion projects underway and has entered Hamburg, Muscat and Seoul as new markets
  • Strong bookings across all three regions (Americas, EMEA and Asia-Pacific) in Q4 with record EMEA bookings, and the second-best booking performance to date in the Americas and Asia-Pacific regions. 
  • Equinix bookings this quarter spanned across more than 3,000 customers, with a quarter of those customers buying across multiple metros.
  • Enterprises continue to leverage Equinix's highly distributed and cloud-enabled global platform to locate their infrastructure closer to the interconnected digital edge. 
  • In Q4, 60% of total recurring revenues came from customers deployed across all three regions, and 86% of total recurring revenues came from customers deployed across multiple metros. 
  • Interconnection revenues continued to outpace colocation revenues in Q4, growing 10% year-over-year on an as-reported basis and 12% on a normalized and constant currency basis




http://investor.equinix.com

Tuesday, February 12, 2019

Twilio posts Q4 revenue of $204.3 million, up 77%

Twilio, which operates a cloud communications platform,  reported revenue of $204.3 million for the fourth quarter of 2018, up 77% from the fourth quarter of 2017 and 21% sequentially from the third quarter of 2018. GAAP loss from operations of $44.0 million for the quarter. GAAP net loss per share attributable to common stockholders, basic and diluted, was $0.47 based on 99.4 million weighted average shares outstanding in the fourth quarter of 2018, compared with GAAP net loss per share attributable to common stockholders, basic and diluted, of $0.20 based on 93.2 million weighted average shares outstanding in the fourth quarter of 2017. Non-GAAP net income per share attributable to common stockholders, diluted, was $0.04 based on 110.6 million non-GAAP weighted average shares outstanding in the fourth quarter of 2018.

"The power of our platform model was evident in our results once again, as Q4’s exceptional results capped off an incredible 2018,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer. “We are excited to add email to our platform through the acquisition of SendGrid and look forward to helping our customers drive their customer engagement strategies across all of the important communication channels - voice, messaging, video, and, now email.”

Key metrics

  • 64,286 Active Customer Accounts as of December 31, 2018, compared to 48,979 Active Customer Accounts as of December 31, 2017.
  • Dollar-Based Net Expansion Rate was 147% for the fourth quarter of 2018, compared to 118% for the fourth quarter of 2017.
  • 1,440 employees as of December 31, 2018.
  • Closed the acquisition of SendGrid, the leading email API platform

See also