AWS grew at 46% clip in Q3

Amazon Web Services (AWS) generated $6.679 billion in revenue in Q3 2018, up 46% compared to a year ago. The business unit achieved operating income of $2.077 billion for the quarter, up 77% compared to year ago. The annualized run rate is now above $26 billion. Operating margin for AWS was 31%, while capital leases for data centers were up 9% yoy. AWS Highlights for Q3 AWS will open an infrastructure region in South Africa in the first half...

Read More

Digital Realty reports continued growth data center leasing

Digital Realty reported revenues of $769 million for Q3 2018, a 2% increase from the previous quarter and a 26% increase from the same quarter last year. Net income was $90 million, and net income available to common stockholders of $67 million, or $0.33 per diluted share, compared to $0.32 per diluted share in the previous quarter and ($0.02) per diluted share in the same quarter last year. “We continue to execute our core business strategy focused...

Read More

CoreSite says monthly recurring revenue per data center cabinet increased 7.0% yoy

CoreSite Realty reported total operating revenues of $139.2 million for Q3 2018, a 13.1% increase year over year. Third-quarter net income per diluted share was $0.52, a 13.0% increase year over year. “We continue to execute our core business strategy focused on high-value customer deployments, which favor direct interconnection to networks and cloud on-ramps. We are expanding our customer ecosystem and benefiting from strong organic growth,”...

Read More

Nokia announces cost cutting, job losses and corporate realignment

Nokia announced a corporate realignment and cost cutting program aimed at refocusing its efforts on high-performance, end-to-end networks, expansion into new enterprise segments, building a standalone software business, and generating significant licensing revenues. Specifically, Nokia aims to reduce of its annualized operating expenses and production overheads by EUR 700m by the end of 2020 compared to the end of 2018, of which EUR 500m is expected...

Read More

Intel's data-centric revenue grew 22 percent

Intel reported record third-quarter revenue of $19.2 billion, up 19 percent YoY. “Stronger than expected customer demand across our PC and data-centric businesses continued in the third quarter. This drove record revenue and another raise to our full-year outlook, which is now up more than six billion dollars from our January expectations. We are thrilled that in a highly competitive market, customers continue to choose Intel,” said Bob Swan, Intel...

Read More

Nokia posts net sales of EUR 5.5 billion, up 1%

Nokia reported net sales of EUR 5.5 billion for Q3 2018, compared to EUR 5.5 billion in Q3 2017. On a constant currency basis, reported net sales grew by 1% year on year. Nokia achieved year-on-year growth across all five of its Networks business groups, as well as in Nokia Technologies. Reported diluted EPS in Q3 2018 was negative EUR 0.02, compared to negative EUR 0.03 in Q3 2017, primarily driven by lower restructuring and impairment charges,...

Read More

Nokia and Samsung extend patent license agreement

Nokia and Samsung extended their patent license agreement, which would otherwise have expired at the end of 2018. Under the agreement, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2019 onwards. The terms of the agreement remain confidential between the parties. "Samsung is a leader in the smartphone industry and has been a Nokia licensee for many years," said Maria Varsellona, Nokia Chief Legal Officer and President...

Read More

ZTE jumps right back to profitability

Jumping right back after nearly getting shut down as a result of the U.S. export ban, ZTE Corporation reported net profit of RMB 564 million for the third quarter. ZTE reported operating revenue of RMB 19.3 billion, and its R&D investment reached RMB 3.47 billion, covering 17.9% of the quarter’s revenue, a year-on-year increase of 6.7%, compared with 11.2% of the same period last year. Operating revenue of the first nine months ended 30 September...

Read More

ADVA reports fourth quarter in a row with sequential growth

ADVA Optical Networking reported Q3 2018 revenue of EUR 126.2 million, up 2% from EUR 123.8 million in Q2 2018 and increased by 13.5% from EUR 111.2 million in the same year-ago period. Revenues for Q3 2018 were within the guidance forecast the company provided on July 19, 2018 of between EUR 123 million and EUR 133 million. Net income for Q3 2018 was EUR 3.9 million, down from EUR 4.6 million in Q2 2018 and significantly improved in comparison...

Read More

USEI picks Ciena for 100G national backbone

US Electrodynamics (USEI), a satellite and telecommunications company headquartered that operates teleports in both Brewster, Washington and Vernon Valley, New Jersey, selected Ciena’s packet networking portfolio to upgrade its network to a 100G backbone. USEI, which supports a variety of customers across the broadcast, aviation, maritime and government sectors, will uprade its current national 10G network by building its own dedicated terrestrial...

Read More

Mellanox hits record revenue of $279.2 million, up 24%

Mellanox Technologies reported record revenue of $279.2 million for Q3 2018, an increase of 23.7 percent, compared to $225.7 million in the third quarter of 2017. GAAP gross margins of 65.8 percent in the third quarter, compared to 65.7 percent in the third quarter of 2017. GAAP net income was $37.1 million in the third quarter, compared to $3.4 million in the third quarter of 2017.  Non-GAAP net income was $71.4 million in the third quarter,...

Read More

Arctic Wolf raises $45 million for Cyber Security Ops Center service

Arctic Wolf Networks, a start-up based in Sunnyvale, California with offices in Ontario, Canada, raised $45 million in series C funding for its security operations center (SOC)-as-a-service. Arctic Wolf will use the new funding to accelerate company growth and meet the soaring demand for its SOC-as-a-service offering. The Arctic Wolf service provides a cloud-based security incident and event management (SIEM) application combined with a team of...

Read More

Presidential memo calls for National Spectrum Strategy

President Trump issued a memorandum directed the Department of Commerce and federal agencies to develop a National Spectrum Strategy. The goal is to provide a comprehensive roadmap for policy makers on all levels. https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-leading-way-wireless-technology-empowering-american-innovation-2...

Read More

BT appoints Philip Jansen as CEO

BT Group appointed Philip Jansen as its new Chief Executive and as Executive Director on its Board. He will join the company on 1 January 2019 and following a handover period will take over from Gavin Patterson as Chief Executive on 1 February 2019. Philip Jansen, 51, has served as CEO of Worldpay since 2013, leading the business through the UK’s largest ever financial technology IPO. From 2010 to 2013, Philip served as CEO of Brakes Group, which...

Read More