Alibaba's cloud revenue grew at 103% yoy pace in March quarter

Alibaba Group reported that its cloud division (Aliyun) generated revenue of RMB 4.385 billion (US$699 million) for its fiscal quarter ending 31-March-2018, representing 103% increase over the same period last year, and an 8% growth. Aliyun currently represents 7% of Alibaba's overall revenue, which amounted to  RMB 61.932 billion (US$9.873 billion) for the quarter, an increase of 61% year-over-year. The gross market value (GMV) transacted...

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Final splice complete on Hawaiki transpacific cable with up to 43 Tbps of capacity

The final splice of the Hawaiki Submarine Cable has been made and the system is on schedule for commercial launch next month The carrier-neutral Hawaiki subsea cable links Australia and New Zealand to the mainland United States, as well as Hawaii and American Samoa, with additional potential future landings in New Caledonia, Fiji, and Tonga. The Hawaiki Cable System comprises over 15,000 km of high-capacity cable, and the use of TE SubCom's optical...

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Shares in Carbon Black leap 26% in IPO - end point security

Shares in Carbon Black rose 26% over their IPO price to close at $23.94. The shares are now traded on Nasdaq under the symbol CBLK. Carbon Black, which is based in Waltham, Mass., specializes in endpoint security and its solutions encompass application control, endpoint detection and response (EDR), and next-generation antivirus (NGAV). Carbon Black operates a big data and analytics cloud platform that enables customers to defend against the most...

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Three weeks in, ZTE appeals to U.S. Commerce Dept as shares remain suspended

ZTE has appealed to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) to lift the ban on the export of U.S. products to the company, according to a regulatory filing made by ZTE to the Hong Kong exchange. There is no word on whether the appeal will be heard or acted upon by BIS. Meanwhile, trading of ZTE's shares on the Hong Kong market remain suspended since April 16th. ZTE posted a Q1 growth rate of 12% prior to export ban...

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Australia's Vertel launches SD-WAN with Nuage Networks

Vertel, an Australian national telecommunications carrier specialising in the design, build and operation of next-generation wireless networks, is deploying Nuage Networks for it upcoming SD-WAN services launch for government, enterprise and service provider customers. The service launch is expected in July this year. The SD-WAN will also underpin the delivery of a range of enhanced ICT services such as managed security, Unified Communications,...

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EdgeConneX expands North American edge data centers

EdgeConneX announced multiple planned expansions at it sEdge Data Centers (EDCs) across North America. The company plans to accommodate up to 50 MWs of additional capacity across multiple markets, including Atlanta, Denver, Miami, Phoenix, Portland, and Toronto. EdgeConneX said it is experiencing significant growth from new customers as well as increased need for additional power capacity and space from its anchor tenants and existing clients. ...

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