AWS continues 42% yoy growth pace

Amazon Web Services continues to grow at a 42% year-over-year pace. In its Q3 2017 financial report, Amazon disclosed that AWS sales for Q3 2017 amounted to $4.584 billion. During the quarter, AWS launched per-second billing in all regions for Linux-based EC2 instances, Elastic Graphical Processing Units (GPU), Elastic Block Store (EBS) Volumes, AWS Batch, and Elastic Map Reduce (EMR). Customers using these services will now be billed in one-second...

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Elliott Management to privatize Gigamon in $1.6 billion deal

Elliott Management, a private investment firm known for shareholder activism, will acquire Gigamon for $38.50 per share in cash, for a total value of approximately $1.6 billion, making Gigamon a privately-held company. Elliott Management and its affiliates currently hold a 7.0% equity voting stake in Gigamon. Under the deal, Gigamon shareholders will receive $38.50 in cash for each share of Gigamon common stock held. "We are pleased to announce...

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Nokia posts Q3 sales of EUR 5.5b, a 7% slide yoy

Driven by strength in its patent licensing business and improve efficiency in its Networks division, but offset by some challenges in its Mobile Networks business, Nokia reported Q3 2017 net sales of EUR 5.5 billion, a 7% year-on-year decrease (4% decrease on a constant currency basis) compared to a year earlier. Gross margin for Q3 was 42.7% (40.0% in Q3 2016), and non-IFRS operating margin ws 12.1% (9.3% in Q3 2016), driven by Nokia Technologies...

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Intel sees record revenue for data center, IoT and memory

Intel reported Q3 revenue og $16.1 billion and record operating income and record earnings per share (EPS), driven by strong data-centric growth, expanding operating margins and gains on the sale of equity investments. The company cited record revenues for its data center, Internet of Things and memory businesses. Gross margin for Q3 was 62.3%, down from 63.3% a year earlier. "We executed well in the third quarter with strong results across the...

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How will Brexit impact the data center business in Ireland?

Leo Clancy, Head of Technology, Consumer & Business Services at IDA Ireland visits Silicon Valley to talk about data centers, IoT and the impending impact of Brexit on Ireland. https://youtu.be/ShSwE69Pz3Y ...

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ADVA's Q3 revenues decline to EUR 111.2 Mill

Citing a drop in revenues from two major customers during the acquisition process of MRV Communications, ADVA Optical Networking reported a drop in revenues in Q3 2017 to EUR 111.2 million, down from EUR 144.2 in Q2 2017, and down 30.3% year-on-year (YoY) (Q3 2016: EUR 159.5 million). The figure was within the adjusted guidance announced on August 28, 2017. Pro forma operating income in Q3 2017 stood at EUR -0.8 million or -0.7% of revenues, down...

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DragonWave acquired by Transform-X

DragonWave, which a global supplier of packet microwave radio systems for mobile and access networks and which is bases in Ottawa, Canada, has been acquired by Transform-X, a private equity firm based in Tucson, Arizona.  Financial terms were not disclosed. DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations...

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