AT&T sets sights on profitable 5G and fiber customers, cost cutting

 AT&T posted Q2 revenues of $29.9 billion, up 0.9% year over year, and operating income of $6.4 billion, up 29.3% year over year. Communications Q2  revenues were $28.8 billion, up 0.5% year over year due to increases in Mobility and Consumer Wireline, which more than offset a decline in Business Wireline. Operating income was $7.2 billion, up 7.4% year over year, with operating income margin of 24.9%.“The direction we set three years...

Read More

Verizon posts Q2 wireless service revenue growth and cash flow

Verizon reported total operating revenue of $32.6 billion, a decrease of 3.5 percent from second-quarter 2022, however, total wireless service revenue grew 3.8 percent to $19.1 billion. Net income was $4.8 billion, a decrease of 10.3 percent from second-quarter 2022, and consolidated adjusted EBITDA of $12.0 billion, up 0.8 percent year over year.Some highlightsTotal Broadband:Total broadband net additions of 418,000, reflecting a strong demand for...

Read More

Orange group revenues climbed 2.6% in Q2

Orange Group revenues in Q2 reached EUR 10,926 billion, up 2.6% over a year earlier.Some highlights:Accelerated revenue growth in the quarter was driven by the performance of retail services[3], which benefited from price increases. Retail services rose 4.3% in 2Q (+3.6% in 1H) and more than offset the continued decline in revenues from wholesale services, which fell 4.1% in 2Q (-5.9% in 1H). Equipment sales again recorded strong growth in 2Q with...

Read More

Ribbon posts Q2 revenue of $211 million, rising IP Optical sales

Ribbon Communications Inc. reported revenue for the second quarter of 2023 of $211 million, compared to $206 million for the second quarter of 2022 and $186 million for the first quarter of 2023.International represented 53% of salesEnterprise represented 32% of product sales"Ribbon delivered solid results in the second quarter with sequential and year-over-year growth in both revenue and earnings. IP Optical Networks continued to build momentum...

Read More

MaxLinear posts sales of $183.9 million in Q2, cancels Silicon Motion merger

MaxLinear reported Q2 net revenue of $183.9 million, down 26% sequentially and down 34% year-over-year.GAAP gross margin was 55.9%, compared to 56.5% in the prior quarter, and 58.7% in the year-ago quarter.  GAAP diluted loss per share was $0.05, compared to diluted earnings per share of $0.12 in the prior quarter, and diluted earnings per share of $0.40 in the year-ago quarter. Non-GAAP diluted earnings per share was $0.34, compared to $0.74 in the prior quarter, and $1.11 in the year-ago quarter.“Even as we navigate a challenging demand...

Read More

NETGEAR posts Q2 net revenue of $173.4 million, looks forward to WiFi 7

NETGEAR posted second quarter 2023 net revenue of $173.4 million, a decrease of 22.3% from the comparable prior-year quarter, however the company says the results are above the high end of previously issued guidance. There was a second quarter 2023 non-GAAP net loss per diluted share of $0.16, as compared to net loss per diluted share of $0.19 in the comparable prior-year quarter.Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “In the second quarter, NETGEAR delivered revenue of $173.4 million, above the high end of our...

Read More

A10 Networks reports s of $65.8M, encouraging signs for 2H2023

A10 Networks reported Q2 revenue of $65.8 million, up 14.1% sequentially from Q1 and in-line with expectations. Non-GAAP net income was $14.5 million, or $0.19 per diluted share (non-GAAP EPS), compared with non-GAAP net income of $13.4 million, or $0.17 per diluted share in the second quarter of 2022.The second quarter results demonstrated sequential improvements consistent with our expectations and our continued focus on our business model,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “Spending from large enterprises...

Read More

Rakuten Mobile Selects Oracle Policy and Charging

Rakuten Mobile has chosen Oracle Communications' cloud native converged policy and charging solutions to support its4G and 5G services, with plans to onboard to Rakuten Symphony's Symworld™ Marketplace. These solutions will run on Rakuten Symphony's Symcloud Cloud Native Platform (CNP) and will help execute on the operator's vision for an automated, high-performance architecture that easily scales to support consumer and business use cases across...

Read More