Meta reports drop in revenue and profits as CAPEX soars

Meta reported a drop in Q3 revenue and profitability along with rapidly rising capital expediture costs as it invests in infrastructure and metaverse development.Third Quarter 2022 Operational HighlightsFamily daily active people (DAP) – DAP was 2.93 billion on average for September 2022, an increase of 4% year-over-year.Family monthly active people (MAP) – MAP was 3.71 billion as of September 30, 2022, an increase of 4% year-over-year.Facebook daily...

Read More

NTT inaugurates data center in Johannesburg

NTT Ltd. opened its latest data center in Johannesburg, South Africa. Johannesburg 1 Data Center is part of NTT’s expansion into the African continent with a capacity of 12MW covering 6,000m² of IT space once fully built out. The technical infrastructure is supported by N+1 uninterruptible power supply systems (UPS), N+1 generator backup, and highly redundant cooling systems. This will provide clients with dedicated sustainable infrastructure,...

Read More

Fujikura develops high-performance heat pipe for data center cooling

Fujikura introduced a high performance heat pipe for data center cooling that doubles the maximum heat transfer capacity compared with our conventional products.A heat pipe is an evacuated and sealed container charged with a small quantity of working fluid. Without the assistance of any external force, a heat pipe can transfer heat from one end to other by the repeated action of vaporization and condensation. A new wick structure was developed to...

Read More

OIF appoints Board of Directors

 OIF announced its newly elected Board of Directors and Officers. TBoard of Directors: Ian Betty, Ciena, was elected to the Board (two-year term)Jeff Hutchins, Ranovus, was re-elected to the Board (one-year term) and continues as Physical & Link Layer Working Group – Co-Packaging Vice ChairMike Li, Intel, was elected to the Board (one-year term)Cathy Liu, Broadcom Inc., was re-elected to the Board (two-year term) and continues as PresidentGary...

Read More

China's State Grid Corp extends optical transport contract with Nokia

China State Grid Corp. (SGCC), which is the world’s largest power utility, will deploy Nokia’s optical technology across Hubei, Hunan and Jiangxi provinces, creating a world-class OTN backbone with the capacity, operational efficiency and intelligence required to support the Chinese power grid and provide highly-reliable service to its broad customer base.SGCC supplies electrical power to more than 1.1 billion people across 26 provinces, covering...

Read More

Aliro introduces end-to-end entanglement-based Quantum Network

Aliro Quantum, a quantum networking start-up that spun out of NarangLab at Harvard University, introduced its end-to-end entanglement-based Quantum Network solution. AliroNet is hardware vendor agnostic and is licensed in three modes of operation. These three modes of operation align with the genuine quantum network rollout stages. Each mode of operation includes Aliro technical support services with the option to purchase additional services...

Read More

NETGEAR's Q3 sales drop 14% yoy to $249.6 million

NETGEAR reported Q3 2022 net revenue of $249.6 million, a decrease of 14.0% from the comparable prior year quarter. Third quarter 2022 GAAP net income per diluted share of $0.10, as compared to $0.31 in the comparable prior year quarter.Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “In the third quarter, we achieved revenue in the upper half of our guidance range, enabled by continued strong demand for our high-end WiFi...

Read More

Ribbon sees strength in IP Optical Networks sales

Ribbon Communications reported Q3 revenue of $207 million, compared to $210 million for the third quarter of 2021 and $206 million for the second quarter of 2022. Product and service bookings-to-revenue was 1.28x in the third quarter of 2022, with IP Optical Networks at 1.45x."I am excited to share the significant progress we have made this quarter towards improving the fundamentals of our IP Optical Networks business. In many ways this was a record...

Read More

Indonesia's Moratelindo upgrades optical transport with Nokia

Moratelindo, which is one of the largest private telecommunications infrastructure and network providers in Indonesia, has deployed Nokia's optical transport solution to boost the network capacity in Jakarta and Java island. Nokia's solution also includes the 1830 Photonic Service Switch (PSS) to help Moratelindo maximize the reach and capacity of the transport network. Michael McPhail, Chief Technology Officer at PT. Mora Telematika Indonesia,...

Read More