IBM sees optimism for cloud and AI despite its weaker financials

IBM recently reported that its cloud revenues continue to rise, however not at the rate of its larger public cloud competitors and not at the pace that investors have come to expect. The company's Q2 financial report posted in late July revealed that that cloud revenues grew 17% in the quarter, led by as-a-service offerings, which were up 32% year-to-year. Total cloud revenue was $15.1 billion for the last 12 months and XaaS revenue was $8.8...

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Dan Pitt, MEF: Perspective on Open Source

The industry is looking very closely at open source software and open source hardware for a number of reasons, says Dan Pitt, MEF, Senior Vice President. Open source shares the development costs in a way that provides everyone with access to the same code base. MEF builds a larger framework that incorporates components that could be built with open source or closed source software elements, shows how you can create end-to-end services with them,...

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Arista's Q2 Revenue Jumps to $405mn, up 51% YoY

Arista Networks reports stronger than expected results for its second quarter ended June 30, 2017. Revenue rose to $405.2 million, an increase of 20.8% compared to the first quarter of 2017, and an increase of 50.8% from the second quarter of 2016. GAAP gross margin was 64.1%, compared to GAAP gross margin of 63.9% in the first quarter of 2017 and 63.8% in the second quarter of 2016. GAAP net income was $102.7 million, or $1.30 per diluted share,...

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Full House Again at the FCC

The U.S. Senate approved the nominations of Jessica Rosenworcel and Brendan Carr to serve as FCC Commissioners. This restores the FCC as a five-person body. Jessica Rosenworcel previously served as FCC Commissioner under the Obama administration since 2011 and was renominated in 2015 but the Senate failed to renew her posting during the 2016 election cycle. Rosenworcel replaced long-term FCC Commissioner Michael Copps when his term ended in December...

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Infinera Posts Q2 Revenue of $177mn

Infinera reported Q2 revenue of $176.8 million compared to $175.5 million in the first quarter of 2017 and $258.8 million in the second quarter of 2016. GAAP gross margin for the quarter was 36.7% compared to 36.5% in the first quarter of 2017 and 47.8% in the second quarter of 2016. GAAP operating margin for the quarter was (22.9)% compared to (21.6)% in the first quarter of 2017 and 6.2% in the second quarter of 2016. GAAP net loss for the quarter...

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Oclaro reports Q4 revenue of $149.38m, up 19.3% yr/yr

Oclaro reported financial results for its fourth quarter and fiscal year 2017, ended July 1, 2017, as follows:1.  Revenue for the fourth quarter of $149.38 million, down 7.9% compared with $162.18 million for the third quarter and up 19.3% from $125.18 million for the fourth quarter of fiscal 2016.2.  Gross income for the fourth quarter of $61.33 million, down 8.2% compared with $66.79 million for the third quarter and up 52.6% from $40.18...

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Verizon to acquire WOW! for $225m for Chicago Fiber Network

WideOpenWest (WOW!), a provider of Internet, cable TV and voice services based in Englewood, Colorado, announced that it has entered into a definitive agreement to sell a portion of its fibre network in its Chicago market to a subsidiary of Verizon for $225 million in cash.In addition, WOW! and Verizon will enter into a new agreement pursuant to which WOW! will complete the build-out of the network in exchange for a payment of approximately $50 million...

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MRV reports Q2 revenue of $19.72m, down 6.8% Q/Q

MRV Communications reported financial results for the second quarter ended June 30, 2017 as follows:1.         Revenue for the second quarter of 2017 of $19.72 million, down 6.8% compared with $21.17 million in the preceding first quarter and down 8.6% versus $21.58 million in the prior year second quarter.2.         Gross profit for the second quarter of $10.16 million,...

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CESNET of Czech Republic deploys Coriant Groove

Coriant announced that the CESNET, provider of network infrastructure for the R&E sector in the Czech Republic, has tested the Coriant Groove G30 Network Disaggregation Platform combined with the CESNET-developed Czech Light family of advanced optical devices for a trial of high-capacity coherent optical transmission in its nationwide e-infrastructure.As part of CESNET's planned deployment and ongoing exploration of new technologies, Coriant...

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Zayo provides Peak 10 customers with CloudLink service

Zayo Group announced that it is to begin providing customers of Peak 10, a provider of hybrid IT infrastructure, with access to its CloudLink services under a new agreement.CloudLink services provide an on-ramp to Zayo's extensive fibre network, which connects thousands of on-net facilities including data centres and public cloud providers, enabling global connectivity to major cloud services providers.Under the agreement, Zayo will initially offer...

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CloudVelox enhances One Hybrid Cloud

CloudVelox, a provider of cloud automation and orchestration software, announced release 5.0 of its One Hybrid Cloud software with new capabilities to enable automated mass migrations to data centres with VMware virtualised environments.With the new release, One Hybrid Cloud enables three new use cases for enterprise customers with the flexibility to migrate workloads from any source to data centre environments including between data centres (DC...

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NeoPhotonics Posts Q2 Revenue of $73 Million

NeoPhotonics reported Q2 revenue of $73.2 million, up $1.5 million, or 2%, from the prior quarter, but down from $99 million for the same period last year. Gross margin was 22.9%, down from 25.8% in the prior quarter Non-GAAP Gross margin was 23.9%, down from 26.3% in the prior quarter. The was a net loss of $9.3 million, an improvement from a net loss of $11.5 million in the prior quarter. "We are pleased to report revenue of $73.2 million at the...

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Evolve IP acquires Mtel, a Dutch cloud company

Evolve IP, describing itself as the Cloud Strategy Company, announced that it has acquired Mtel, a European cloud communications solutions provider based in the Netherlands, as part of the company's ongoing growth strategy and to provide an increased presence in Europe.Evolve IP noted that it shares a core market differentiator with Mtel in terms of delivering tailored contact centre solutions and custom integration designed to meet the specific...

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