Amazon Web Services rockets ahead at 49% yoy pace

Amazon.com reported stellar net sales of $51.0 billion for Q1 2018, up 43% over last year, including $1.6 billion from favorable foreign exchange rates throughout the quarter. Net income was $1.6 billion in the first quarter, or $3.27 per diluted share, compared with net income of $724 million, or $1.48 per diluted share, in first quarter 2017. As usual, Amazon Web Services (AWS) was a major contributor to this growth. AWS sales for the quarter...

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Nokia reports flat sales in Q1 but cites building 5G momentum

Nokia reported net sales in Q1 2018 were EUR 4.9 billion, down from EUR 5.4 bn in Q1 2017. On a constant currency basis, net sales would have been flat year-on-year. Non-IFRS diluted EPS in Q1 2018 was EUR 0.02. Nokia’s Networks business net sales were EUR 4.3bn, with operating profit of EUR 43mn Q1 net sales and profitability were impacted primarily by lower net sales in North America. However, order intake and backlog were excellent in Q1. Therefore,...

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Facebook's reach continues to grow

Despite the well-publicized uproar about data privacy, Facebook continues to add users worldwide at a rapid pace. Daily active users (DAUs) – DAUs were 1.45 billion on average for March 2018, an increase of 13% year-over-year. Monthly active users (MAUs) – MAUs were 2.20 billion as of March 31, 2018, an increase of 13% year-over-year. Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for...

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Microsoft Azure grows 89% yoy in Q1

Microsoft reported Q1 revenue of $26.8 billion, up 16% yoy, operating income of $8.3 billion, up 23%; net income of $7.4 billion, up 35% yoy; and diluted earnings per share of $0.95, up 36%. Cloud revenue was a major factor in the performance, with Azure growing 89% yoy in constant currency. Some highlights Revenue in Productivity and Business Processes was $9.0 billion and increased 17% (up 14% in constant currency) Office commercial products...

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Baidu's Q1 revenues rise 31%

Baidu reported Q1 2018 total revenues were RMB 20.9 billion ($3.33 billion), increasing 31% year over year. Mobile revenue represented 78% of total net revenues, compared to 70% for the first quarter of 2017. Total revenues of Baidu Core were RMB 16.1 billion ($2.57 billion), increasing 26% year over year. Operating income was RMB 4.6 billion ($728 million), increasing 128% year over year. Operating margin reached 22%, compared to 13% for the first...

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Digital Realty's Q1 revenue of $744 million, up 35% yoy

Digital Realty, a leading global provider of data center, colocation and interconnection solutions, reported revenues for the first quarter of 2018 of $744 million, a 2% increase from the previous quarter and a 35% increase from the same quarter last year. Net income amounted to $110 million, and net income available to common stockholders of $86 million, or $0.42 per diluted share, compared to $0.26 per diluted share in the previous quarter and...

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Interoute connects the Vatican to its fibre backbonev

Interoute's fibre network is supporting the launch of The Vatican Communications Secretariat’s new online portal www.vaticannews.va, which combines radio, TV and publishing into a single interface. Interoute owns and operates a global private network encompassing 72,000 route kilometres of fibre across Europe. Francesco Masci, Head of the Technology Department of the Secretariat for Communication of the Holy See, said, "The rethinking of the...

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Intel hires ex-Tesla exec to lead silicon engineering

Intel announced the appointment of Jim Keller to lead the company’s silicon engineering, which encompasses system-on-chip (SoC) development and integration. Keller, 59, joins Intel from Tesla, where he most recently served as vice president of Autopilot and Low Voltage Hardware. Prior to Tesla, he served as corporate vice president and chief cores architect at AMD, where he led the development of the Zen* architecture. Previously, Keller was vice...

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