AWS Revenue Soars 55% YoY in Q3 to Reach

Revenues for Amazon Web Services reached $3.231 billion in Q3 2016, up 55% year over year. Operating income at AWS reached $861 million, up 101% year over year. Trailing Twelve Months (TTM) sales reached $11.1 billion. North America represented 58% of the sales mix. The operating margin for the quarter was 31.6%. Some AWS highlights for the quarter from the Amazon.com quarterly financial report: Amazon Web Services (AWS) announced the availability...

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Qualcomm to Acquire NXP -- Engines for the Connected World

Qualcomm agreed to acquire all of the issued and outstanding shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion. The deal will be financed through cash on hand and $11 billion in new debt. The companies expect total annualized synergies of $500 million within two years of close. NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people...

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CoreSite's Revenue Grows 17% YoY to $101 Million

CoreSite Realty Corporation reported third-quarter total operating revenues of $101.3 million, representing a 17.2% increase year over year. Reported third-quarter net income per diluted share were $0.36, representing 38.5% growth year over year. "We delivered another quarter of solid financial and operational performance in the third quarter, highlighted by strong earnings growth and leasing momentum. Our third quarter volume of new and expansion...

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Nokia Sees Softening Market Conditions, Especially Mobile Infrastructure

Nokia posted net sales (non-IFRS) in Q3 2016 of EUR 6.0 billion, down from EUR 6.4 billion on a comparable combined company basis for the same period a year ago. "Nokia delivered solid third quarter results. Nokia Technologies led the way, with a sharp year-on-year increase in net sales, largely driven by revenues related to the Samsung licensing agreement that was announced in Q3. The results also reflect another excellent quarter from Fixed...

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A10 Networks' Q3 Sales Hit $55 Million, up 8% but Missing Guidance

A10 Networks' Q3 2016 revenue grew to $55.1 million, up 8 percent when compared with $50.8 million in the third quarter of 2015. On a GAAP basis, A10 Networks reported a net loss for the third quarter 2016 of $4.7 million, or $0.07 per share, compared with a net loss of $9.0 million, or $0.14 per share, in the third quarter of 2015. “We reported third quarter revenue of $55.1 million, which was below our guidance and reflects a shortfall in North...

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American Tower Looks to Europe for Opportunities

American Tower, a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 144,000 tower sites, will form a joint venture with Dutch pension fund manager PGGM to develop telecommunications real estate investment opportunities in select European countries. The new company will be called ATC Europe.  American Tower will contribute its German assets into ATC Europe and PGGM will acquire...

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Mellanox Posts Sales of $224 Million, up 4.4%

Mellanox Technologies reported Q3 2016 revenues of $224.2 million, up 4.4 percent compared to $214.8 million in the second quarter of 2016. GAAP net income was $12.0 million, compared to $4.7 million in the second quarter of 2016. “We are pleased to report the sixth consecutive quarter of record revenue. We see strong customer adoption of our 25/50/100 Gigabit Ethernet solutions. We believe the transition to 25/50/100 Gigabit Ethernet provides...

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GSMA Elects Sunil Bharti Mittal as Chair

The GSMA elected new members of the GSMA Board for the two-year period from January 2017 through December 2018. The GSMA Board has also elected Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises as Chair, and re-elected Mari-Noëlle Jego-Laveissiere, Executive Vice President, Innovation, Orange Group as Deputy Chair. “I am delighted to be elected as Chairman of the GSMA, and look forward to working closely with the rest of the Board, the...

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WSJ: CenturyLink and Level3 in Merger Talks

The Wall Street Journal reported that CenturyLink and Level 3 Communications are in advanced talks to merge.  Neither company confirmed the report. Both companies operate very significant fiber backbone networks. Over the past few years, CenturyLink has acquired Qwest Communications, Savvis and Embarq (formerly Sprint's Local Telecommunications Division). In 2014, Level 3 acquired TW Telecom. In 2011, it acquired Global Crossing. http:/...

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