BT to Invest £6 Billion in Upgrades

BT and its Openreach and EE businesses will between them spend around £6 billion pounds in capital expenditure over the next three years in the first phase of a plan to extend superfast broadband and 4G coverage beyond 95 per cent of the country by 2020. Ultrafast broadband will be deployed to a minimum of ten million homes and businesses in the same period, subject to regulatory support, with an ambition to reach twelve million. There will be an...

Read More

Aliyun Clocks in at 175% YoY Growth Rate

Alibaba Group reported very strong performance in Q1, with revenues coming in at RMB 24,184 million (US$3,751 million), an increase of 39% year-over-year. Alibaba's China retail marketplaces revenue was RMB18,340 million (US$2,844 million), an increase of 41% YoY.  Mobile revenue was RMB13,084 million (US$2,029 million), an increase of 149% YoY. Annual active buyers on our China retail marketplaces increased to 423 million, an increase of 16...

Read More

Arista Posts Solid Q1 Revenue of $242 Million

Arista Networks announced Q1 revenues of $242.2 million, a decrease of 1.3% compared to the fourth quarter of 2015, and an increase of 35.3% from the first quarter of 2015. GAAP net income was $35.2 million, or $0.48 per diluted share, compared to GAAP net income of $24.5 million, or $0.34 per diluted share, in the first quarter of 2015. GAAP gross margin came in at 64.0%, compared to GAAP gross margin of 63.6% in the fourth quarter of 2015 and 65.8%...

Read More

Pivotal Raises $253 million from Ford, Microsoft

Pivotal, a start-up based in Palo Alto, California, expects to close a Series C financing round highlighted by $253 million in new cash, led by new investor Ford Motor Company, in conjunction with Microsoft and all previous investors GE, EMC and VMware. Pivotal Cloud Foundry is an enterprise cloud native platform for building new software "at startup speed." The company said its Cloud Native platform drives software innovation for many of the world’s...

Read More

MRV Posts Q1 Sales of $19 Million

MRV Communications reported quarterly revenue of $18.9 million, compared to $22.2 million, reflecting a lower contribution from legacy infrastructure management products, partially offset by growth of packet and optical products. Gross margin remained at 51.9%, compared to 52.0%, despite lower revenues of legacy products. There was a GAAP net loss from continuing operations of $3.9 million, or $0.56 per share, compared to a GAAP net loss from continuing...

Read More