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

Thursday, March 26, 2020

A10 reaffirms Q1 guidance

A10 Networks reaffirmed its financial guidance for Q1:

  • Revenue in the range of $51 million to $53 million
  • Non-GAAP gross margin in the range of 76% to 78%
  • Non-GAAP operating expenses in the range of $37.5 million to $38.5 million
  • Adjusted EBITDA in the range of $3.7 million to $5 million
  • Non-GAAP earnings per share in the range of $0.01 to $0.03 using approximately 81 million diluted shares


Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks, commented, “As an organization, protecting the health and safety of our employees and our global community is our top priority, and we are committed to take the necessary actions to do our part to help slow the spread of COVID-19. Thankfully, to date, we have not experienced any meaningful negative impact to our business or our supply chain, and we anticipate our first quarter financial results to be in line with the guidance provided in our fourth quarter earnings release. Our team is productively working, with the vast majority of employees doing so remotely. Amidst the global quarantine and shelter in place orders, networks across the globe are being stressed with unprecedented usage and increasing demand for bandwidth, underscoring the need for the critical communications infrastructure solutions we provide. We are taking the necessary steps to mitigate any potential disruption given the macro uncertainty and unprecedented nature of the current environment, while remaining focused on the significant opportunity in front of us.”

“We are reaffirming our first quarter outlook and remaining focused on internal initiatives to improve operational efficiency while executing on our key objectives,” Trivedi added.

Monday, March 9, 2020

Flex cites COVAD-19 impact on contract manufacturing

As a result of the still-evolving COVID-19 situation, Flex (formerly Flextronics) expects its fourth quarter fiscal 2020 results to be negatively impacted and the company will not meet its current guidance.

“Our cross-functional teams have done an amazing job returning more than 80% of our colleagues back to work, in a disciplined and safe manner. On behalf of the Flex leadership team, my sincere thanks to all my Flex colleagues for their commitment to safety and dedication to ramping up production at our China factories,” said Revathi Advaithi, Chief Executive Officer of Flex. “We are working intently with our supply chain partners and are well-integrated with our customers as we navigate the disruptions from this situation. I am confident that now more than ever, our focus on execution and our ability to move with speed at scale will enable us to navigate through these events with discipline.”

More detail is expected on March 11.

Wednesday, February 26, 2020

Nutanix posts quarterly sales of $347M, subscription model grows

Nutanix reported revenue of $346.8 million for the second quarter of its fiscal 2020 ended January 31, 2020, up from $335.4 million in the second quarter of fiscal 2019. There was a GAAP net loss of $217.6 million, compared to a GAAP net loss of $122.8 million in the second quarter of fiscal 2019; Non-GAAP net loss was $116.3 million, compared to a non-GAAP net loss of $40.4 million in the second quarter of fiscal 2019. Billings were $428.1 million, up from $413.4 million in the second quarter of fiscal 2019.

“Our solutions-based approach to our go-to-market strategy is helping customers realize the benefits and power of our new products in conjunction with our core software. As a result, we increased the attach rate of our new products to 31%, up from 21% as of Q2 fiscal 2019,” said Dheeraj Pandey, Chairman, Co-founder and CEO of Nutanix. “We were also pleased with several other key drivers of growth for our business in the quarter, including our partnership with HPE and traction in the U.S. commercial segment.”

“We saw strong momentum in the shift of our business towards subscription. In the second quarter, 79% of billings came from subscription, surpassing our stated goal of 75% by the end of the fiscal year and well ahead of our internal plan, while still delivering on our guidance for top line growth,” said Duston Williams, CFO of Nutanix. “Looking forward, the change in our fiscal 2020 TCV guidance is driven by two factors – first, a much faster than expected shift to subscription, coupled with a more cautious view on business activities in the greater APJ region due to the anticipated impact of the coronavirus.”


Monday, February 24, 2020

Keysight's Q1 revenue rises 9% to $1.095 billion

Keysight Technologies reported quarterly revenue of $1.095 billion, up 9% when compared with $1.006 billion last year. GAAP net income was $163 million, or $0.86 per share, compared with GAAP net income of $114 million, or $0.60 per share, in the first quarter of 2019. Non-GAAP net income was $240 million, or $1.26 per share, compared with $176 million, or $0.93 per share in the first quarter of 2019.

“Keysight delivered another outstanding quarter and a strong start to the year with both revenue and earnings exceeding the high end of our guidance. Revenue growth in the quarter was driven by ongoing strength in 5G-related investments and increased spending in aerospace defense and semiconductor measurement," said Ron Nersesian, Keysight president and CEO. "Our consistent financial performance illustrates the strength of our differentiated solutions targeting a diverse set of end markets,” said Nersesian.

Wednesday, February 12, 2020

Cisco posts quarterly revenue of $12 billion, down 4% yoy

Cisco reported revenue of $12.0 billion for the quarter ended January 25, 2020, down 4%, with product revenue down 6% and service revenue up 5%.  GAAP net income was $2.9 billion or $0.68 per share, and non-GAAP net income was $3.3 billion or $0.77 per share.

Revenue by geographic segment was: Americas down 5%, EMEA down 3%, and APJC down 1%. Product revenue was led by growth in Security, up 9%.  Infrastructure Platforms and Applications were each down 8%.

"I am incredibly proud of the innovation our teams continue to drive," said Chuck Robbins, chairman and CEO of Cisco. "I am confident in our long-term growth opportunities as we help our customers build out the networks for the future."



Thursday, January 30, 2020

AWS sales in Q4 reached $9.95 billion, up 34% yoy

Amazon Web Services (AWS) generated revenue of $9.954 billion during Q4 2019, up 34% compared to a year earlier. Operating income for AWS was up 19% year over year, reaching $2.596 billion for the quarter.

On an annualized basis, AWS is on a $35 billion run rate and represents 12% of Amazon's overall revenue.



Some additional highlights for AWS during Q4:


  • AWS announced several significant new customer commitments and migrations during the quarter spanning major industries, including finance with Western Union, FINRA CAT, LLC, a subsidiary of FINRA (Financial Industry Regulatory Authority), and Klarna, a leading global payments provider and bank; media with Fox Corporation, and ProSiebenSat.1 Media SE, Europe’s leading satellite and cable broadcaster; sports with a new player health and safety initiative with the NFL, the Seattle Seahawks, Bundesliga, Germany’s premier football league, and Formula One Group; energy with BP; pharmaceuticals with Novartis; and hospitality with Best Western Hotels & Resorts, among others.
  • •AWS announced three Arm-based instances (M6g, C6g, R6g) powered by AWS’s new Graviton2 processors, that deliver up to 40% better price and performance than current x86 processor-based instances. These new Arm-based instances are powered by the AWS Nitro System, a combination of dedicated hardware and lightweight hypervisor, enabling faster innovation and enhanced security for customers at a much lower cost.
  • AWS announced the general availability of AWS Outposts, a fully-managed service that extends AWS infrastructure and services to virtually any data center, co-location space, or on-premises facility. AWS Outposts offers customers the same AWS hardware infrastructure, services, APIs, and tools to build and run applications on premises and in the cloud for a truly consistent hybrid experience. AWS compute, storage, database, and other services run locally on Outposts, and customers can access the full range of AWS services available in the region to build, manage, and scale on-premises applications using familiar AWS services and tools.
  • AWS announced AWS Local Zones, a new type of AWS infrastructure deployment that places AWS compute, storage, database, and other select services closer to large population, industry, and IT centers where no AWS Region exists today. With the opening of the first AWS Local Zone in Los Angeles (LA), developers will have the ability to deploy applications that require single-digit millisecond latencies to end-users also in LA. AWS Local Zone customers will be able to use their compute, storage, database, and other select services locally in LA, while also being able to seamlessly connect back to the rest of their workloads running in the AWS U.S. West (Oregon) Region or other AWS Regions a customer may be using.
  • AWS announced AWS Wavelength, which enables developers to build applications that deliver single-digit millisecond latencies to mobile devices and users by deploying AWS compute and storage at the edge of the 5G network. With AWS Wavelength, developers can serve use cases that require ultra-low latency like machine learning inference at the edge, autonomous industrial equipment, smart cars and cities, Internet of Things (IoT), and Augmented and Virtual Reality. AWS is partnering with Verizon on making AWS Wavelength available across the U.S., and is collaborating with other leading telecommunications companies, including Vodafone and SK Telecom, to launch AWS Wavelength across Europe and South Korea in 2020, with more global partners coming soon. 

https://ir.aboutamazon.com/investor-relations

Wednesday, January 29, 2020

Microsoft Azure grew at 62% annual clip in Q4

Revenue for Microsoft Azure rose 62% yoy in the fourth quarter of 2019 compared to a year earlier.

Overall, Microsoft reported 4Q19 revenue of $36.9 billion, up 14% yoy.  Operating income was $13.9 billion, up 35% yoy. Net income was $11.6 billion, up 38% GAAP and 36% non-GAAP.

“We are innovating across every layer of our differentiated technology stack and leading in key secular areas that are critical to our customers’ success,” said Satya Nadella, chief executive officer of Microsoft. “Along with our expanding opportunity, we are working to ensure the technology we build is inclusive, trusted and creates a more sustainable world, so every person and every organization can benefit.”

Highlights:

Revenue in Productivity and Business Processes was $11.8 billion and increased 17% (up 19% in constant currency), with the following business highlights:

  • Office Commercial products and cloud services revenue increased 16% (up 18% in constant currency) driven by Office 365 Commercial revenue growth of 27% (up 30% in constant currency)
  • Office Consumer products and cloud services revenue increased 19% (up 20% in constant currency) with continued growth in Office 365 Consumer subscribers to 37.2 million
  • LinkedIn revenue increased 24% (up 26% in constant currency)
  • Dynamics products and cloud services revenue increased 12% (up 15% in constant currency) driven by Dynamics 365 revenue growth of 42% (up 45% in constant currency)


Revenue in Intelligent Cloud was $11.9 billion and increased 27% (up 28% in constant currency), with the following business highlights:

  • Server products and cloud services revenue increased 30% (up 32% in constant currency) driven by Azure revenue growth of 62% (up 64% in constant currency)
  • Enterprise Services revenue increased 6% (up 7% in constant currency)


Revenue in More Personal Computing was $13.2 billion and increased 2% (up 3% in constant currency), with the following business highlights:
Windows OEM revenue increased 18% (up 18% in constant currency)

  • Windows Commercial products and cloud services revenue increased 25% (up 27% in constant currency)
  • Surface revenue increased 6% (up 8% in constant currency)
  • Search advertising revenue excluding traffic acquisition costs increased 6% (up 7% in constant currency)
  • Xbox content and services revenue decreased 11% (down 9% in constant currency)  

https://www.microsoft.com/en-us/Investor/earnings/FY-2020-Q2/press-release-webcast

Tuesday, January 28, 2020

MACOM posts quarterly revenue of $119 million

MACOM Technology Solutions reported quarterly revenue of $119.1 million, a decrease of 21.0% compared to $150.7 million in the previous year fiscal first quarter and an increase of 6.1% compared to $112.2 million in the prior fiscal quarter. Gross margin was 48.9%, compared to 50.8% in the previous year fiscal first quarter and 47.2% in the prior fiscal quarter. Net loss was $28.4 million, or $0.43 loss per diluted share, compared to net loss of $23.4 million, or $0.44 loss per diluted share, in the previous year fiscal first quarter and net income of $10.5 million, or $0.16 per diluted share, in the prior fiscal quarter.

“Q1 was a solid start to our fiscal year,” said Stephen G. Daly, President and Chief Executive Officer. “Our new organization and engineering leadership is having a positive impact on product development.”

Monday, January 27, 2020

Juniper posts Q4 sales of $1.208 billion, up 2% YoY

Juniper Networks reported preliminary net revenues of $1,208.1 million for 4Q2019, an increase of 2% year-over-year, and an increase of 7% sequentially. GAAP operating margin was 14.8%, a decrease from 16.7% in the fourth quarter of 2018, and an increase from 12.2% in the third quarter of 2019. GAAP net income was $168.4 million, a decrease of 12% year-over-year, and an increase of 70% sequentially, resulting in diluted earnings per share of $0.49. Non-GAAP net income was $198.7 million, a decrease of 3% year-over-year, and an increase of 19% sequentially, resulting in non-GAAP diluted earnings per share of $0.58.

Full Year 2019 net revenues were $4,445.4 million, a decrease of 4% year-over-year.

“We returned to year-over-year growth during the December quarter and saw encouraging trends across various areas of our business, including record Enterprise sales, double digit year-over-year growth in the Cloud, solid momentum with Mist, and another quarter of strength in our services organization,” said Juniper’s CEO, Rami Rahim. “We believe we are executing well and positioned to sustainably grow the business starting this year.”

“We experienced better than expected top and bottom-line results during the December quarter,” said Juniper’s CFO, Ken Miller.

F5 Networks reports sales of $569 million, up 5% YoY

F5 Networks reported revenue of $569.3 million for the first quarter of its fiscal year 2020, up 5% from $543.8 million in the first quarter of fiscal year 2019, driven by software solutions revenue growth of 50%.

GAAP net income for the first quarter of fiscal year 2020 was $98.5 million, or $1.62 per diluted share compared to first quarter fiscal year 2019 GAAP net income of $130.9 million, or $2.16 per diluted share.

Non-GAAP net income for the first quarter of fiscal year 2020 was $155.4 million, or $2.55 per diluted share

“To better meet our customers’ changing application demands we have invested to deliver our world-class applications services across a wider range of deployment and consumption models,” said François, Locoh-Donou, CEO and President of F5 Networks. “As a result, customers are increasingly deploying F5 in multi-cloud environments, driving a revenue mix shift toward software. During our first quarter, customer demand for our software solutions and related services and support drove 50% software revenue growth and 5% revenue growth.”

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.

See also