Cisco adds AI across its networking and security portfolios

Cisco introduced new integrations across its networking and security portfolios, enabling IT teams tp manage more of their campus and branch secure networking technologies from a unified AI-driven cloud platform.“As a market leader in both networking and security, and with visibility into over 1 billion endpoints, Cisco is in a unique position to build the industry’s premier AI-driven, secure and simple networking management platform, Cisco Networking...

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OIF to showcase Interoperability at OFC 2024

Addressing the unprecedented demand for next-generation data center networking, artificial intelligence/machine learning (AI/ML) and disaggregation applications.OIF will showcase the interoperable solutions from 47 member companies at the upcoming OFC 2024 in San Diego. OIF’s OFC demo this year features nine new participating companies and marks a 38 percent increase in participants compared to the OFC 2023 demo. The live and interactive multi-vendor...

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Lumen charts progress following European divestiture

Lumen Technologies reported Q4 2023 revenue of $3.517 billion, down from $3.800 billion a year earlier. Reported net loss was $(1.995) billion for the fourth quarter 2023, which included a non-cash goodwill impairment charge of $1.9 billion, compared to reported Net Loss of $(3.069) billion for the fourth quarter 2022, which included a non-cash goodwill impairment charge of $3.271 billion.During the quarter, Lumen completed the $1.8 billion divestiture...

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ZEDEDA raises $72M for Edge AI and Computing

ZEDEDA, a start-up based in San Jose, California, announced $72 million in Series C funding for its edge management and orchestration software.ZEDEDA, which says it now has tens of thousands of nodes under management, reduces the cost of managing and orchestrating distributed edge infrastructure and applications while increasing visibility, security and control. Its platform provides a unified orchestration experience across hardware, software, networks...

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Arm's quarterly revenue rises 14% yoy on AI trends

Arm reported revenues of $824 million for its fiscal third quarter and three months ended December 31, 2023, up 14% year-over-year, with record royalty revenue and strong growth in licensing revenue. Non-GAAP operating profit increased 17% year-over-year to $338 million resulting in a 41.0% non-GAAP operating margin."Arm delivered another quarter of record revenues driven by continued adoption of the world’s most pervasive compute platform," said...

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Lumen appoints Dave Ward as CTO

Lumen Technologies named Dave Ward as its new Chief Technology Officer, reporting to Lumen CEO Kate Johnson starting next week and serve as a member of the executive team.Ward joins Lumen from PacketFabric, a start-up in the NaaS sector, where he was the chairman and CEO. Prior to leading PacketFabric, he was a Senior Vice President, CTO-Engineering and Chief Architect at Cisco Systems, and served as a Fellow at both Cisco Systems and Juniper Networks."My...

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NETGEAR posted Q4 revenue of $189 million, down 24% yoy

NETGEAR reported fourth quarter 2023 net revenue of $188.7 million, a decrease of 24.3% from the comparable prior-year quarter.Fourth quarter 2023 GAAP operating loss of $2.9 million, or (1.5)% of net revenue, as compared to operating loss of $12.2 million, or (4.9)% of net revenue, in the comparable prior-year quarter.Fiscal 2023 net revenue of $740.8 million, a decrease of 20.6% from the prior year.Bryan Murray, Chief Financial Officer of NETGEAR,...

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