Crehan: Merchant-built Ethernet SmartNIC revenues up 3X

 Revenues for the merchant-built Ethernet smartNIC market, which includes Data Processing Units (DPUs) and Infrastructure Process Units (IPUs), more than tripled year-over-year in the first half of calendar-year 2023, according to a recent report from Crehan Research Inc. This is the second consecutive half- year period in which revenues have more than tripled, result in merchant-built Ethernet SmartNICs now comprising over 20% of total merchant-built...

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Microsoft posts 29% growth in Azure sales

Citing growth in cloud services, Microsoft reported quartler revenue of $56.5 billion, an increase of 13% (up 12% in constant currency), net income of $22.3 billion, up 27% (up 26% in constant currency), with diluted earnings per share was $2.99 and increased 27% (up 26% in constant currency).“With copilots, we are making the age of AI real for people and businesses everywhere,” said Satya Nadella, chairman and chief executive officer of Microsoft....

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Advanced Photonics Coalition targets ecosystem building blocks

A new Advanced Photonics Coalition was announced at the OpticaPhotonic-Enabled Cloud Computing Industry Summit, which was hosted at Juniper Networks’ Aspiration Dome in Sunnyvale, California.Picking up on the previous Consortium for On-Board Optics (COBO), APC aims to foster cooperation across all corners of the ecosystem.“Our mission is for optical fabs to be leading and creating the world's best technology in terms of reliability, validation, and...

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Alphabet's Google Cloud posts $8.41 billion in sales in Q3

Alphabet reported quarterly revenue of $77 billion, up 11% over the same period last year.Google Cloud accounted for $8.411 billion, compared to $6.868 billion a year ago.Sundar Pichai, CEO, said: “I’m pleased with our financial results and our product momentum this quarter, with AI- driven innovations across Search, YouTube, Cloud, our Pixel devices and more. We’re continuing to focus on making AI more helpful for everyone; there’s exciting progress...

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Verizon's Q3 revenue dips .6%, dividend increased

Verizon reported total operating revenue of $33.3 billion for Q3, a decrease of 2.6 percent from Q3 2022. Net income was $4.9 billion, a decrease of 2.8 percent from Q3 2022."We continued to make steady progress in the third quarter with a clear focus on growing wireless service revenue, delivering healthy consolidated adjusted EBITDA and increasing free cash flow," said Verizon Chairman and CEO Hans Vestberg. "Our financial discipline, combined...

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Orange Q3 revenues up 1.8%

Orange Group reported revenues for the third quarter of 2023 were 10,999 million euros, an increase of 1.8%, or 194 million euros, year on year (compared with +2.6% in 2Q and +2.0% in H1). Revenue growth in the quarter was driven by retail services [2], which grew by 3.8%, or 304 million euros (+4.3% in 2Q and +3.6% in H1). This increase, in absolute terms, was more than double the decline in revenues from wholesale services, which continued...

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Ceragon Networks to acquire Siklu

Ceragon Networks agreed to acquire Siklu, a provider of multi-Gigabit “wireless fiber” connectivity in urban, suburban and rural areas, for an enterprise value of $13-15 million. As consideration to Siklu’s shareholders, Ceragon will issue approximately 1.5 million ordinary shares. Ceragon is expected to assume financial liabilities of approximately $10-12 million, of which approximately $2.5 million are classified as long-term debt.Ceragon...

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