Dell'Oro: Data center switch sales at record level

Global sales of Data Center Switches witnessed an impressive growth of more than 20 percent in 1Q 2023, representing the fourth consecutive quarter of record-breaking revenue levels, according to a new report from Dell'Oro Group. The growth was broad-based across all major vendors, with Arista and Nvidia leading the pack and significantly outpacing market performance."The substantial growth was primarily fueled by the ongoing release of the backlog...

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Broadcom's networking revenue up 20%, VMware deal on track

Broadcom reported Q2 consolidated revenue of $8.7 billion, up 8% year-over-year, and adjusted EBITDA margin of 65%."Broadcom's second quarter results were driven by demand for next generation technologies from hyperscale, while enterprise and service providers continued to sustain," said Hock Tan, President and CEO of Broadcom Inc. "Our third quarter outlook projects year-over-year growth, reflecting continued leadership in networking as we support...

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VMware's revenue rises 6% to $3.28 billion, SaaS at 37% of sales

VMware reported revenue for 1Q FY 24 of $3.28 billion, an increase of 6% from the first quarter of fiscal 2023. GAAP net income for the first quarter was $224 million, or $0.52 per diluted share, down 9% per diluted share compared to $242 million, or $0.57 per diluted share, for the first quarter of fiscal 2023. Non-GAAP net income for the first quarter was $644 million, or $1.49 per diluted share, up 16% per diluted share compared to $542 million,...

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Dell Technologies sees infrastructure sales drop 20% to $7.6 billion

Dell Technologies reported 1Q FY24 revenue of $20.9 billion, down 20%. The company generated operating income of $1.1 billion and non-GAAP operating income of $1.6 billion, down 31% and 25%, respectively. Diluted earnings per share was $0.79, and non-GAAP diluted earnings per share was $1.31, down 42% and 29%, respectively. Cash flow from operations was $1.8 billion."We executed well against a challenging economic backdrop," said Chuck Whitten, co-chief...

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Ireland's electric utility plans private mobile network

ESB Networks, which operates the communications network for Ireland's state-ownd Electricity Supply Board (ESB), selected Sigma Wireless and its partner Nokia for the development of a private mobile network. Nokia will work with Sigma Wireless Communications and ESB to supply and install the new LTE-based private wireless system over a three-year period.The network is seen as a key enabler for ESB Networks in delivering integration of renewable energy...

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NTT Investment Partners Fund IV is established

NTT Group announced the establishment of the "NTT Investment Partners Fund Ⅳ) with the objective is to accelerate innovation and collaboration in services and technologies.The fund size is 20 billion yen and the investors include NTT, NTT Finance and NTT DOCOMO Ventures.  The funding period shall be 12 years.  NTT DOCOMO is designated as fund manag...

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