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

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

Wednesday, February 6, 2019

Marvell warns on Q4 citing weaker cloud capital spending

Marvell Technology Group updated its financial guidance for its fourth quarter of fiscal 2019, which ended on February 2, 2019. The company now expects its fourth-quarter fiscal 2019 preliminary unaudited revenue to be in the range of $735 million to $745 million, below its previously announced guidance range of $790 million to $830 million.

Marvell said the majority of its fourth-quarter revenue shortfall was due to a weaker than expected storage controller business. The company believes demand for its products was impacted primarily by macroeconomic uncertainty, reduction in cloud capital spending and PC CPU shortages. The exception was embedded processors for networking and 4G & pre-5G wireless infrastructure which met expectations.

The company expects the weakness in demand that it saw in the fourth quarter of fiscal 2019 to continue in the first quarter of fiscal 2020.

"Although we are disappointed with our fourth quarter revenue, we continued to run the business efficiently under difficult end market conditions and are satisfied with gross margin execution and operating expense management," said Matt Murphy, President and CEO. "We are optimistic that demand will begin to improve later this year, as inventory levels adjust in customer's supply chains, and capital spending picks up. While we will prudently manage our operating expenses to reflect this softer demand environment, we remain committed to the key initiatives that we outlined at our Investor Day and are on track to launch our 5G base station products later this fiscal year. We have conviction in our strategy to drive long-term growth and we remain focused on execution."

Tuesday, January 29, 2019

Verizon looks to 5G transformational change

Verizon posted flat overall sales for the last quarter of 2018, continued growth in retail postpaid net mobile customer lines, continued growth in FiOS services, and a steeper loss in its media business. For 2019, the big hope is on 5G. The company's guidance is for overall revenue (GAAP) to remain a low single digit.

"Verizon finished 2018 by delivering solid financial and operational performance, as evidenced by our strong wireless service revenue and earnings growth," said CEO Hans Vestberg. "2018 was a remarkable year full of 5G firsts, including being first in the world to commercially deploy 5G with our 5G Home product. As we head into 2019 and the 5G era, we're beginning a period of transformational change. We are laser focused on delivering customers a best-in-class and game-changing experience on our networks."

Verizon reported Q4 2018 revenue $34.3 billion, up 1.0 percent from fourth-quarter 2017.  EPS for the quarter was 47 cents, compared with $4.56 in fourth-quarter 2017.

Some highlights:



Wireless results

  • Verizon reported 1.2 million retail postpaid net additions in fourth-quarter 2018, consisting of 653,000 phone net additions, 11,000 tablet additions and 556,000 other connected devices, primarily wearables. Postpaid smartphone net additions were 873,000, compared with 647,000 in fourth-quarter 2017, a 34.9 percent increase.
  • Verizon reported full-year 2018 postpaid net additions of 2.5 million, consisting of phone net additions of 1.1 million, tablet losses of 181,000 and 1.6 million other connected device additions. Postpaid smartphone net additions for full-year 2018 were 2 million, up 13 percent year over year.
  • Total revenues were $24.4 billion, an increase of 2.7 percent year over year. For full-year 2018, operating revenues totaled $91.7 billion, an increase of 4.8 percent year over year. Excluding the impact of the revenue recognition standard, total revenues grew 2.1 percent year over year in fourth-quarter 2018 and 4.4 percent for the full year, compared with 2017, to $24.3 billion and $91.3 billion, respectively.
  • Service revenues increased 0.1 percent in fourth-quarter 2018, driven by ongoing customer growth, step-ups to unlimited plans and the benefits of customers customizing their experience through mix-and-match plans. Full-year service revenues decreased 0.2 percent year over year. Excluding the impact of the revenue recognition standard, service revenues increased 1.9 percent in fourth-quarter 2018 and 1.7 percent for the full year, on a year over year basis.
  • Total retail postpaid churn was 1.08 percent in fourth-quarter 2018, and retail postpaid phone churn was 0.82 percent.
  • Segment EBITDA (non-GAAP) totaled $10.4 billion in fourth-quarter 2018, an increase of 9.7 percent year over year. Excluding the impact of the revenue recognition standard, segment EBITDA totaled $9.8 billion in fourth-quarter 2018. Segment EBITDA margin on total revenues (non-GAAP) was 42.5 percent. Excluding the impact of the revenue recognition standard, segment EBITDA margin was 40.5 percent. For the full year, segment EBITDA margin was 46.4 percent in 2018, compared with 44.1 percent in 2017.

Wireline results

  • Total wireline revenues decreased 3.2 percent year over year in fourth-quarter 2018 and 3.0 percent for the full year, compared with 2017, to $7.4 billion and $29.8 billion, respectively.
  • Total Fios revenues grew 2.5 percent year over year, excluding the impact of the revenue recognition standard. In fourth-quarter 2018, Verizon added a net of 54,000 Fios Internet connections and lost a net of 46,000 Fios Video connections, continuing to reflect the shift from traditional linear video to over-the-top offerings. At year-end 2018, Verizon had 6.1 million Fios Internet connections and 4.5 million Fios Video connections.
  • Wireline operating loss was $273 million in fourth-quarter 2018, and segment operating loss margin was 3.7 percent. Full-year 2018 segment operating loss was $273 million, and segment operating loss margin was 0.9 percent.
  • Segment EBITDA (non-GAAP) was $1.3 billion in fourth-quarter 2018. Excluding the impact of the revenue recognition standard, segment EBITDA was $1.2 billion. Segment EBITDA margin (non-GAAP) was 17.6 percent in fourth-quarter 2018, compared with 20.9 percent in fourth-quarter 2017. Excluding the impact of the revenue recognition standard, segment EBITDA margin was 16.9 percent. For the full year, segment EBITDA margin was 19.9 percent in 2018, compared with 21.1 percent in 2017.


Thursday, December 13, 2018

Ciena hits Q4 revenue $899.4 million, up 21% YoY

Ciena reported revenue of $899.4 million for its fiscal fourth quarter ended October 31, 2018, up 20.8% year over year. Q4 net income per share was $0.34 GAAP, or $0.53 adjusted (non-GAAP).

For fiscal year 2018, Ciena reported revenue of $3.09 billion, as compared to $2.80 billion for fiscal year 2017.
“We achieved outstanding financial results in our fourth quarter and fiscal 2018 due to continued execution of our proven strategy," said Gary B. Smith, president and CEO, Ciena. "The combination of our innovation strength, successful interception of market trends and sustained ability to take share and outperform the market, along with a thriving industry environment, gives us tremendous confidence in both the near and longer term outlook for our business.”

Some highlights:

  • North America represented 61.7% of overall revenue
  • Europe, Middle East and Africa represented 13.7% of overall revenue
  • Caribbean and Latin America represented 5.9% of overall revenue
  • Asia Pacific represented 18.7% of overall revenue
  • Three 10%-plus customers represented a total of 33.1% of revenue
  • Cash and investments totaled $953.4 million
  • Cash flow from operations totaled $68.0 million
  • Average days' sales outstanding (DSOs) were 79
  • Headcount totaled 6,013




https://investor.ciena.com/news/press-release-details/2018/Ciena-Reports-Fiscal-Fourth-Quarter-2018-and-Year-End-Financial-Results/default.aspx

Monday, December 3, 2018

Arlo cuts guidance after missing product launch

Arlo Technologies, the wireless networking company that spun out of Netgear earlier this year, trimmed its business outlook and guidance for the fourth quarter of 2018 .

The company cited delays in shipping its new flagship wire-free security camera system, Arlo Ultra, which had been expected to hit the market in late November 2018. However, Arlo discovered a quality issue with the battery from one of its suppliers, leading to a delay in shipments. The company now anticipates that Ultra will begin global commercial distribution in January of 2019.

“While we are disappointed to delay sales of our exciting new product, Ultra, customer satisfaction is our number one priority and we took action to ensure we continue to bring the best products to the market. Arlo is a leader in the market not only because of our incredible product feature set and ease-of-use, but also our quality and reliability,” said Matthew McRae, Chief Executive Officer of Arlo Technologies, Inc.

Thursday, August 30, 2018

Ciena posts strong quarter as revenue rises to $818.8m

Ciena reported revenue of $818.8 million for its fiscal third quarter 2018,  as compared to $728.7 million for the fiscal third quarter 2017.

Ciena's GAAP net income for the fiscal third quarter 2018 was $50.8 million, or $0.34 per diluted common share, which compares to a GAAP net income of $60.0 million, or $0.39 per diluted common share, for the fiscal third quarter 2017.

Ciena's adjusted (non-GAAP) net income for the fiscal third quarter 2018 was $74.3 million, or $0.48 per diluted common share, which compares to an adjusted (non-GAAP) net income of $56.4 million, or $0.35 per diluted common share, for the fiscal third quarter 2017.

"The combination of continued execution against our strategy and robust, broad-based customer demand resulted in outstanding fiscal third quarter performance," said Gary B. Smith, president and CEO of Ciena. "With our diversification, global scale and innovation leadership, we remain confident in our business model and our ability to achieve our three-year financial targets.”

Some highlights:

  • U.S. customers contributed 57.3% of total revenue
  • Three customers accounted for greater than 10% of revenue and represented 33% of total revenue
  • 37% of revenue comes from non-telco customers; In Q3, three of the top ten revenue accounts were webscale customers, including one that exceeded 10% of total quarterly sales – a first for Ciena.
  • Secured wins with tier one global service providers – many of whom are new to Ciena – including Deutsche Telekom in support of its international wholesale business entity. The project includes a Europe-wide network deployment leveraging our WaveLogic technology.
  • APAC sales were up nearly 50%, with India once again contributing greater than 10% of global revenue. India grew 100% year-over-year, and Japan doubled in the same period. Australia also remained a strong contributor to quarterly results.
  • The subsea segment was up 23% year-over-year, largely driven webscale company demand. Ciena noted several new and significant wins in Q3, including four new logos, and Ciena was selected as the preferred vendor for two large consortia cables.
  • The Networking Platforms business was up more than 14% year-over-year.
  • Adjusted gross margin was 43.4%
  • Headcount totaled 5,889
https://investor.ciena.com/events-and-presentations/default.aspx




At this

Wednesday, August 8, 2018

Equinix now has an 82% utilization rate across its global data centers

Equinix reported quarterly revenue of $1.262 billion, up 18% year-over-year or up 9% yoy on a normalized and constant currency basis. Net income amounted to $68 million and adjusted EBITDA was $604 million, with a 48% adjusted EBITDA margin.

Peter Van Camp, Executive Chairman and Interim CEO and President, Equinix: “Equinix delivered another strong quarter with record bookings across all three regions and virtually all key operating metrics showing solid momentum in our go-to-market engine and interconnection strategy. Our unique global platform of 200 data centers, and the customer ecosystems within them, remain at the heart of our strategy, as evidenced by strong cross-regional sales and healthy interconnection activity in Q2."

Some highlights for the quarter:

  • Interconnection revenue continued to outpace colocation revenue, reflecting the rapid adoption of hybrid, multicloud as the preferred IT deployment model
  • Cross connects between customers increased to more than 288,000
  • The Equinix Cloud Exchange Fabric platform now serves more than 1,200 customers. 
  • Completed expansions in the Amsterdam, Denver and London metros
  • Achieved a utilization rate of 82% across the platform
  • There is an active pipeline of 32 expansion projects currently underway, including a partnership with Omantel
  • Key customer wins and expansions included China Mobile, Lithia Motors and Tencent
  • Customer deployments across multiple metros increased to 85% of total recurring revenue.

Monday, August 6, 2018

Acacia is cautiously optimistic with recent lifting of ZTE ban

On August 2, Acacia Communications reported Q2 revenue of $65.0 million, a decrease of 18% year-over-year. The GAAP gross margin was 38.8%; and there was a GAAP net loss of $3.2 million. Non-GAAP net loss amounted to $3.2 million.

“During the second quarter, we stayed focused on execution, particularly around new product development and revenue diversification,” said Raj Shanmugaraj, President and Chief Executive Officer of Acacia Communications. “We are pleased with the ramp of our newer products and the revenue growth opportunities we are seeing in the second half of 2018 over the first half.  As we continue to execute on our strategic vision, we believe we are well positioned with our differentiated product portfolio to further diversify our customer and revenue base and benefit from growth in the overall coherent market.”

“Our second quarter results were in-line with our expectations, despite being negatively impacted by the imposition of the ZTE denial order in April,” said John Gavin, Chief Financial Officer of Acacia Communications. “As a result of our ongoing focus on operational efficiencies, we were able to further strengthen our balance sheet while continuing to fund our core strategic projects. Additionally, with the recent lifting of the ZTE ban, we are cautiously optimistic that our re-engagement with ZTE will become more ordinary course over the next few quarters.”

http://ir.acacia-inc.com/news-releases/news-release-details/acacia-communications-reports-second-quarter-2018-results




Tuesday, July 31, 2018

Huawei's first half sales were up 15%

Huawei reported revene of CNY 325.7 billion (US$47.80 billion), an increase of 15% over the same period last year. The company's operating margin in 2018 H1 was 14%.

In its carrier business, Huawei said it continues to focus on end-to-end 5G solutions, driving the continuous evolution of LTE – as well as Intent-Driven Networks, cloud data centers, etc.

In its enterprise business, Huawei remains committed to building integrated, innovative, and open digital platforms for its customers. The company said its focus is on cloud computing, IoT, artificial intelligence (AI), and big data.

In its consumer business, Huawei has maintained a tight focus on technological innovation, including its P20 series smartphones, its GPU Turbo graphics processing acceleration, and its MateBook X Pro notebooks.

In the cloud domain, Huawei has picked up the pace of its innovation in cloud infrastructure. Two major focuses include providing stable, reliable, secure, trusted, and sustainable cloud services for customers, and building an AI platform that is affordable, intuitive, and secure for all users.

MACOM's quarterly sales drop to $137.9m

MACOM Technology Solutions, which supplies high-performance RF, microwave, millimeterwave and lightwave semiconductor products, reported revenue of $137.9 million for its 3rd fiscal quarter, a decrease of 29.1% compared to $194.6 million in the previous year fiscal third quarter and a decrease of 8.3% compared to $150.4 million in the prior fiscal quarter. Fiscal third quarter revenue included $0.4 million compared to $12.4 million in the fiscal second quarter from the LR4 subassembly business divested on May 10, 2018.

Gross profit was $48.2 million, a decrease of 48.0% compared to $92.6 million in the previous year fiscal third quarter and a decrease of 26.6% compared to $65.6 million in the prior fiscal quarter. The net loss from continuing operations was $85.2 million, or $1.31 loss per diluted share, compared to net loss from continuing operations of $14.0 million, or $0.22 loss per diluted share, in the previous year fiscal third quarter and net loss from continuing operations of $15.5 million, or $0.50 loss per diluted share, in the prior fiscal quarter.

"Overall the quarter played out largely as expected," commented John Croteau, President and CEO of MACOM. "We made tangible progress in yield improvements for our 25G lasers and are now starting to execute a controlled ramp, scaling into high volume production. Based on our expected higher production volumes of 25G lasers, we added a new white-box transceiver customer, thereby launching our Data Center solutions business model. This business model provides dedicated transceiver manufacturing capacity and a ready-made supply chain to the end markets, and for MACOM, a dedicated customer which we anticipate will consume our Data Center semiconductor components as we scale production in the second half of calendar 2018. With increasing availability of our lasers, we believe that we are well positioned to step and repeat, scaling our solutions business model by enabling multiple, high-volume manufacturing customers to begin production ramps to meet industry demand over the course of the coming quarters.

Monday, July 2, 2018

Dell plots return to public market, VMware to pay $11 billion dividend

Dell Technologies will return to the public equity market by offering a new class of publicly listed common stock in exchange for existing Dell Technologies Class V tracking stock. The Class V stockholders will have the option to elect $109 in cash consideration per Class V share, up to $9 billion in aggregate, which represents a 29% premium to the Class V closing share price immediately prior to announcement.

As part of the plan, the Board of Directors of VMware announced an $11 billion one-time special dividend pro-rata to all VMware stockholders.

Michael Dell, who currently owns 72% of Dell Technologies common shares, stated: “I am proud to lead this great company into its next chapter as we continue to evolve and grow to the benefit of our customers, partners, investors and team members. Unprecedented data growth is fueling the digital era of IT, and we are uniquely positioned with our portfolio of technologies and services to enable the digital, IT, security and workforce transformations of our customers. Most importantly, I remain deeply committed to this company and working with our world-class team to build the long-term value of Dell Technologies and its businesses.”

Pat Gelsinger, chief executive officer, VMware commented, “We are pleased to be in a position to return capital to stockholders through this one-time special dividend, which is the result of the exceptional performance of our business and our broad-based portfolio’s strong cash flow generation. We remain laser focused on our strategy to deliver innovative software that drives customer success as a strategic and growing independent entity.”

Regarding VMware's status, Michael Dell, who is chairman of the VMware Board as well as the Dell Board, stated: “VMware has thrived as part of the Dell Technologies family and has seen tremendous traction and strategic relevance with all customers, resulting in significant revenue growth and financial performance. After the transaction concludes, I am looking forward to VMware’s continued independent status, strategy and capital allocation policy for organic investment, M&A and shareholder returns."

https://www.vmware.com/company/news/releases/vmw-newsfeed.VMware-Announces-One-Time-Special-Dividend-to-Stockholders.2205706.html

Thursday, May 24, 2018

Nutanix posts revenue of $289.4 million, up 41%


Nutanix reported revenue of $289.4 million for its third quarter of fiscal 2018, ended April 30, 2018, up 41% year-over-year, and reflecting the elimination of approximately $52 million in pass-through hardware revenue in the quarter as the company executes its shift toward increasing software revenue.


GAAP gross margin was 67.0%, up from 59.5% in the third quarter of fiscal 2017.  GAAP net loss was $85.7 million, compared to a GAAP net loss of $96.8 million in the third quarter of fiscal 2017. Non-GAAP net loss amounted to $34.6 million, compared to a non-GAAP net loss of $45.7 million in the third quarter of fiscal 2017.

“Demand for our solutions remains strong as we saw 67 percent growth in software and support billings and 55 percent growth in software and support revenue. We had strong success in our hiring in the quarter that positions us to deliver on our future growth plans, as we outlined at our March Investor Day,” said Duston Williams, CFO of Nutanix. “The continued growth in our software and support billings and gross margin expansion in the quarter demonstrates we are successfully executing on our transition to a software-defined business model.”

Some highlights:


  • During the quarter, Nutanix grew software and support billings by 67 percent year-over-year, including three software and support deals worth more than $5 million each. Pass-through hardware billings decreased to 17 percent of total billings in the quarter, down from 25 percent in the year-ago quarter.
  • Improved AHV Penetration: Grew adoption of AHV, the company’s built-in hypervisor, to 33%, based on a four-quarter rolling average of nodes using AHV as a percentage of NX nodes sold.
  • Nutanix ended the third quarter of fiscal 2018 with 9,690 end-customers, adding 820 new end-customers during the quarter and growing deals greater than $1 million by 28 percent year-over-year.


Monday, May 21, 2018

Pure Storage hits quarterly revenue of $255.9 million, up 40% yoy

Pure Storage posted revenue of $255.9 million for its quarter ended April 30, 2018., up 40% yoy, exceeding the high end of previously issued guidance. The was a GAAP operating loss of $61.9 million, compared to a loss of $58.2 million in the same period a year ago.

"Pure has delivered another strong quarter as we lead the industry in delivering new data-centric architectures that enable enterprises to succeed both today and tomorrow," said Pure Storage CEO Charles Giancarlo. "The combination of our innovative business model, first-to-market technology innovations, and focus on customer success drove continued momentum in Q1."

Monday, May 14, 2018

Switch hits revenue of $98 million, up 10% yoy

Las Vegas-based, colocation provider Switch Inc, reported Q1 2018 revenue of $97.7 million, compared to $89.2 million for the same quarter in 2017, an increase of 10%. Net income was $4.0 million, compared to $20.3 million for the same quarter in 2017.  Net income in the first quarter of 2018 includes $12.4 million in equity-based compensation expense compared with $2.3 million in equity-based compensation expense in the same quarter of 2017.

"We are pleased with our progress in growing our ecosystem and positioning Switch as a partner of choice for global enterprises," said Thomas Morton, president and general counsel of Switch.  "Our highly differentiated and strategically located campus ecosystems continue to attract primary deployments, while our unique telecom capabilities enable hybrid cloud environments and hyperscale cloud deployments with AWS Direct Connect, Microsoft Express Route, and Google Cloud Interconnect."

Switch completed its IPO in October 2017.

Friday, May 11, 2018

Amdocs posts quarterly sales of $992M, up 2.7% yoy

Amdocs reported revenue for its second fiscal quarter ended March 31, 2018 of $992.3 million, up 1.5% or $14.6 million sequentially from the first fiscal quarter of 2018 and up 2.7% as compared to last year’s second fiscal quarter.  GAAP net income for the second quarter of fiscal 2018 was $101.7 million, or $0.70 per diluted share, compared to GAAP net income of $112.6 million, or $0.76 per diluted share, in the prior fiscal year’s second quarter. Net income on a non-GAAP basis was $137.4 million, or $0.95 per diluted share.

“We are pleased to report solid results for our second fiscal quarter which included double-digit growth in Europe and record revenue in Rest of World. Our operating profitability was stable and we grew our 12-month backlog to another new high. Additionally, we extended our technology leadership with the launch of AmdocsOne at Mobile World Congress and we utilized our cash to close on the acquisitions of Vubiquity, as well as UXP Systems, a leader in User Lifecycle Management solutions,” said Eli Gelman, president and chief executive officer of Amdocs Management Limited.

Amdocs announced a contract with Safaricom, a major mobile network operator in Kenya with 29.5 million customers. Safaricom will use revenue assurance technology and expertise from Amdocs to provide more comprehensive and adaptive revenue safeguards for the entire lifecycle of new services across its entire business.

Wednesday, May 9, 2018

CenturyLink sees rise in business, dip in consumer sales

CenturyLink reported revenues of $5.95 billion for first quarter 2018, compared to $4.21 billion for first quarter 2017. Diluted earnings per share was $0.11 for first quarter 2018, compared to diluted earnings per share of $0.30 for first quarter 2017.

"CenturyLink achieved solid results for first quarter 2018, the first full quarter of operations following the acquisition of Level 3," said Glen F. Post, III, CenturyLink chief executive officer. "Now positioned as one of the world's leading network providers, we believe we have significant opportunities to grow our business and drive long-term shareholder value," Post concluded.

"We are focused on our sales force integration and driving profitable revenue growth while improving our customer experience," said Jeff Storey, CenturyLink president and chief operating officer. "Our integration efforts to date are leading to the synergies we expected and helping us move toward sustainable improved profitability and cash flow generation."



Infinera posts Q1 revenue of $203 million

Infinera reported GAAP revenue for its first quarter ended March 31, 2018 of $202.7 million compared to $195.8 million in the fourth quarter of 2017 and $175.5 million in the first quarter of 2017.

GAAP gross margin for the quarter was 40.5% compared to 24.1% in the fourth quarter of 2017 and 36.5% in the first quarter of 2017. GAAP net loss for the quarter was $(26.3) million, or $(0.17) per share, compared to a net loss of $(40.5) million, or $(0.28) per share, in the first quarter of 2017. Non-GAAP net loss for the quarter was $(7.2) million, or $(0.05) per share, compared to a net loss of $(18.6) million, or $(0.12) per share, in the fourth quarter of 2017, and net loss of $(21.7) million, or $(0.15) per share, in the first quarter of 2017.

“Our financial performance in Q1 reflects continued strong growth from our next-generation products that offset typical seasonal weakness,” said Tom Fallon, Infinera’s Chief Executive Officer. “In 2018, we remain focused on winning new customers that will diversify our revenue base, drive multi-year growth and leverage our unique vertically-integrated operating model. We also remain committed to returning to profitability during the second half of 2018.”

See also