Intel's Q3 data center revenue dropped 27% yoy

Intel reported Q3 2022 revenue of $15.3 billion, down 20% from $19.2 billion a year earlier. Gross margin dropped to 42.6% from 56.0% a year earlier, while earnings per share fell 85% yoy to $0.25 from $1.67.“Despite the worsening economic conditions, we delivered solid results and made significant progress with our product and process execution during the quarter,” said Pat Gelsinger, Intel CEO. “To position ourselves for this business cycle, we...

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AWS sales hit $20.5 billion, growth rate now at 27% yoy

In its quarterly financial statement, Amazon reported AWS sales of $20.5 billion, a increase of 27% year-over-year (28% excluding changes in foreign exchange rates). AWS segment operating income was $5.4 billion, compared with operating income of $4.9 billion in third quarter 2021.An interesting note -- AWS has supplied Snowball devices, which are ruggedized compute and storage hardware, to Ukraine to help secure, store, and transfer over 10 petabytes...

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LightCounting: Optical components forecast

The transceiver market is on track for another year of strong (14%) revenue growth in 2022, after increasing by 10% in 2021, and 17% in 2020, according to an updated Optical Components forecast from LightCounting. The report predicts growth will slow to 4% in 2023, prior to recovering in 2024-2025.Some highlights:Strong sales of DWDM and Ethernet optics accounted for most of the market growth in 2021 and these segments are projected to lead the growth...

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T-Mobile US adds 394K postpaid accounts in Q3, raises guidance

T-Mobile US announced additions of 394,00 postpaid net account additions in Q3 2022, a new record for the company. Postpaid phone churn was a low of 0.88%. The company also reported 578,000 High Speed Internet net customer additions. As a result, T-Mobile US raised its 2022 guidance for the third consecutive quarter. "We’ve always said our aspiration was to be the first and only provider to offer customers both the best network and the best...

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Versa secures $120 million for its SASE platform

Versa Networks secured additional financing of $120 million for its single-vendor SASE platform, which delivers AI/ML-powered SSE and SD-WAN. The pre-IPO round was led by funds and accounts managed by BlackRock, Inc. Silicon Valley Bank (SVB) also participated in the funding.“As the leader in SASE, the fastest growing security and networking category, and executing on SASE services for years, Versa is the only solution proven to deliver the...

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Stonepeak takes 36% in American Tower’s U.S. data centers

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, invested an additional $570.0 million, which, together with its initial $2.5 billion investment in August 2022, on a fully converted basis and based on the currently outstanding equity, represents an approximately 36% ownership interest in American Tower’s U.S. data center business. The conversion is expected to occur four years from the date of...

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XL Axiata signs Huawei for "5G City" project

XL Axiata signed a collaboration agreement with Huawei to develop "5G City", with the aim to realize a smart city through 5G networks, predict the evolution of technology, operate network intelligently, and improve user experience.XL Axiata and Huawei are working together on following scope: green 5G with simplified site solution, multi antenna radio modules, cost-effective rural network solution for islands population coverage, etc."Together with...

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Comcast's Xfinity Mobile reaches 5 million after 5 years

Comcast's Xfinity Mobile MVNO service has surpassed five million customer lines after five years on the market“We set out to build a different kind of mobile service designed for the way people use their phones today – with the Internet at the center of the experience. Our goal is simple - keep our Internet customers happy with a mobile service that offers incredible value; attract new customers who want a great connectivity experience inside and...

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Aviat wins E-ban radio contract with Bharti Airtel

Bharti Airtel has contracted Aviat Networksfor wireless multiband radio solutions.Airtel will deploy Aviat's all outdoor WTM 4800 E-Band and Multi-Band solutions to significantly expand the capacity of their microwave backhaul network.Aviat's Multi-Band vendor agnostic feature enables traffic aggregation from multiple links which in turn improves network congestion and gives better speeds to customers. Aviat Networks will also undertake maintenance...

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