ZTE reports 2017 sales of RMB 108.82 billion, up 7.49%

ZTE Corporation reported 2017 operating revenue of RMB 108.82 billion, 7.49% higher than a year earlier. Net profit attributable to holders of ordinary shares of the listed company in the whole year 2017 was RMB 4.55 billion, an increase of 293%. Net cash flow from operating activities for 2017 was approximately RMB 6.78 billion, about 28.88% year-on-year growth. Excluding the impact of penalty payments imposed by U.S government authorities, the...

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Nokia reports stronger financials and outlook

Nokia reported Q4 2017 sales of EUR 6.7 billion, flat compared with the same period in 2016, however, on a constant currency basis, non-IFRS net sales increased 5% and reported net sales increased 6%, with 2% growth in Nokia's Networks business and 80% growth in Nokia Technologies. Non-IFRS diluted EPS in Q4 2017 amounted to EUR 0.13, compared to EUR 0.12 in Q4 2016/ The improved performance of Nokia's Networks business was driven by IP Networks...

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AWS hit revenue of $5.113 billion in Q4, up 45% yoy

Revenues for Amazon Web Services (AWS) in Q4 2017 reached $5.113 billion, up 45% yoy. Operating income for AWS amounted to $1.354 billion, up 46% yoy, as disclosed in Amazon's quarterly financial report. Amazon cited a laundry list of milestones for the quarter: Newly announced enterprise customers going all-in on AWS include Expedia, Ellucian, and DigitalGlobe. The Walt Disney Company and Turner named AWS their preferred public cloud provider;...

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Motorola Solutions to acquire Avigilon for video surveillance solutions

Motorola Solutions agreed to acquire Avigilon, a supplier of advanced security surveillance solutions, for CAD$27.00 per share, valuing the transaction at approximately US$1.0 billion including Avigilon’s net debt. Avigilon, which is based in Vancouver, British Columbia, holds more than 750 U.S. and Canadian patents related to video surveillance.  The company's portfolio includes video analytics, network video management software and hardware,...

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VIAVI to Acquire Cobham's wireless test and measurement businesses

Viavi Solutions agreed to acquire the Test and Measurement business of Cobham plc for $455 million in cash. Viavi said the acquisition strengthens its competitive position in 5G deployment and diversifies the company into military, public safety and avionics test markets.  Cobham AvComm and Wireless T&M provides testing solutions for communication service providers' networks from the radio access network through to the network core. It...

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AT&T claims 1.1 million global route miles of fiber

AT&T now claims to have over 1.1 million global route miles of fiber. The carrier says more than 8 million business customer locations across the U.S. are either on or within 1,000 feet of its fiber. In addition, nearly 400,000 U.S. business buildings are lit with AT&T’s fiber nationwide. “It all starts with fiber. Fiber accelerates everything that businesses need to digitally transform. Without fiber, innovative solutions like highly-secure...

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Qualcomm and Samsung expand their relationship

Qualcomm and Samsung Electronics announced a multi-year strategic relationship agreement between the two companies in various technology areas and across a range of mobile devices. "The announcement today underscores the importance of our longstanding strategic relationship with Samsung in driving core mobile technology into many different segments," said Cristiano Amon, president, Qualcomm Incorporated. "As Qualcomm continues to lead the world...

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Vapor IO adds to Advisory Board: Strickland, Mockapetris and Tarazi #datacenters

Vapor IO, a start-up specializing in edge computing and edge data centers, announced three new members of its advisory board: Robert Strickland, former CTO of Leap Wireless and Cricket Communications (acquired by AT&T), Paul Mockapetris, inventor of DNS, and Ihab Tarazi, former CTO of Equinix. Last year, Vapor IO announced Project Volutus, an edge co-location and data center as a platform service that will stitch together a network of fully-managed...

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Viavi reports sales of $202 million, down 2.3% yoy

Viavi reported revenue of $201.8 million for the quarter ended 30-Dec-2017, a decline of 2.3% compared to a year earlier.  There was a net loss of $(3.7) million, or $(0.02) per share. Prior quarter GAAP net revenue was $195.2 million, with net loss of $(4.8) million or $(0.02) per share. GAAP net revenue for the second quarter of fiscal 2017 was $206.5 million, with net income of $49.2 million, or $0.21 per share. Non-GAAP net revenue was...

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NTT DATA INTELLILINK picks Cloudify's TOSCA orchestration

NTT DATA INTELLILINK Corporation, which delivers managed IT services, has chosen Cloudify’s open source cloud-native orchestration platform as a preferred TOSCA orchestration framework and is now offering Cloudify to its IT systems integration customers throughout the world. Cloudify's orchestration framework automates the application stack installation and deployment processes as well as post-deployment processes such as monitoring, auto-healing,...

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Netronome appoints Donnelly as SVP Business Development

Netronome appointed Leonard Donnelly as senior vice president of corporate and business development. Previously, Donnelly held executive, chair and CEO positions at Apical (acquired by ARM), Artofus, Intune, FORE Systems, Cinehub (acquired by C&C) and Digital Hub (Ireland’s largest tech incubator). Leonard was also the EVP of sales, marketing and product of Euristix when it was acquired by FORE Systems...

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