Intel's ‘Cloud for All’ Initiative Targets New Investments

Intel is rolling out a new "Cloud for All" initiative to accelerate cloud adoption by making public, private and hybrid cloud solutions easier to deploy. The plan calls for a series of investments and collaborations in the cloud software ecosystem, which the company expects will lead to tens of thousands of new cloud deployments. “The cloud has been critical to the digital services economy and has enabled tremendous innovation and business growth,...

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Amazon Web Services Hits $1.82 Billion in Q2, up 81% YoT

In its quarterly financial update, Amazon.com announced that revenues at AWS reached $1.824 billion for the second quarter of 2015, up 81% over the $1.055 billion for Q2 2014. Some other AWS highlights for Q2: Amazon Web Services (AWS) announced that it will open a new region in India in 2016, which will enable customers to run workloads in India and serve Indian end-users with even better latency. AWS announced that the EU (Frankfurt) region,...

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IBM Acquires Compose for Cloud Database Services

IBM has acquired Compose, a start-up offering MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at web and mobile app developers. Financial terms were not disclosed. Compose, which was founded in 2010 and is based in San Mateo, California, offers auto-scaling, production-ready databases including MongoDB, Redis, Elasticsearch, PostgreSQL and RethinkDB. The services includes 24x7 monitoring and...

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Telx Joins FASTER Transpacific Cable Project

Telx is joining the FASTER transpacific cable system project, which will offer an initial capacity of 60 Tbps when it enters service next year. It will connect the west coast of the U.S. to major Asian cities including Chikura and Shima in Japan. The FASTER cable system will land in Oregon and can be accessed via a distribution Point of Presence (PoP) in Telx's PRT1 (Hillsboro, Oregon) data center, just outside of Portland. Telx's PRT1 Hillsboro...

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AT&T Adds One Million Connected Cars in Q2

AT&T report consolidated revenues for the second quarter of $33.0 billion, up 1.4 percent versus the year-earlier period. When excluding the divested Connecticut wireline property, revenues were up 2.2 percent. Compared with results for the second quarter of 2014, operating expenses were $27.3 billion versus $27.0 billion; operating income was $5.7 billion versus $5.6 billion in the second quarter a year ago, and operating income margin was 17.3...

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Juniper's Revenues Rise to $1.2 Billion

Juniper Networks reported Q2 2015 revenue of $1,222 million, a decrease of 1% year-over-year and an increase of 15% sequentially. Juniper posted GAAP net income of $158.0 million, or $0.40 per diluted share for the second quarter of 2015, a decrease of 29% year-over-year and an increase of 97% sequentially. “We are pleased to report strong sequential revenue growth from the first quarter across all technologies, which reflects the strength of our...

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PMC Trims Back Following Weaker Than Expected Carrier & Storage Markets

PMC-Sierra reported revenue of $124.8 million for Q2 2015, a decrease of 1.6 percent, compared to $126.8 million in the second quarter of 2014, and a decrease of 6.2 percent from $133.1 million in the first quarter of 2015. GAAP net loss in the second quarter of 2015 totaled $8.6 million or $0.04 per share, compared to GAAP net loss in the second quarter of 2014 of $3.5 million or $0.02 per share, and GAAP net income in the first quarter of 2015...

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Altera Cites Slowdown in Wireless Infrastructure

Altera reported second quarter sales of $414.2 million, down 5 percent from the first quarter of 2015 and down 16 percent from the second quarter of 2014. Second quarter net income was $70.3 million, $0.23 per diluted share, compared with net income of $94.9 million, $0.31 per diluted share, in the first quarter of 2015 and $127.0 million, $0.41 per diluted share, in the second quarter of 2014. Altera said sales declined sequentially with Telecom...

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Gigamon Posts Q2 Sales of $51 Million, up 48% YoY

Gigamon reported Q2 revenue of $51.4 million, up 48% year-over-year. GAAP net income was $38,000, or $0.00 per basic and diluted share, compared to GAAP net loss of $32.5 million, or $1.01 per basic and diluted share, in the second quarter of fiscal 2014. "Our record performance in the quarter was driven by continued traction of our security and GigaSMART portfolios, and strong results in our Federal and Service Provider businesses in the quarter,"...

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A List of Cisco's Recent Acquisitions

Cisco to Acquire MaintenanceNet for $139 Million Tuesday, July 07, 2015 Cisco will pay $139 million in cash and retention incentives to acquire MaintenanceNet, a privately held company providing a cloud-based software platform that uses data analytics and automation to manage and scale attach and renewals of recurring customer contracts. MaintenanceNet, which is based in Carlsbad, California, operates a ServiceExchange cloud platform...

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