Ceragon posts Q2 revenue of $68.6 million

Ceragon Networks posted Q2 revenue of $68.6 million, up 9.9% from $62.4 million in Q2 2020 and up 0.4% from $68.3 million in Q1 2021. The increase from Q2 2020 is mainly attributed to stronger sales in North America and India. Net loss was $(1.7) million, or $(0.02) per diluted share compared with $(5.5) million, or $(0.07) per diluted share for Q2 2020 and $(1.2) million, or $(0.01) per diluted share for Q1 2021.

Doron Arazi, the newly appointed CEO, commented: "I've been at Ceragon for less than a month and already seen so much to be proud of, thanks to a highly efficient, proactive team. I feel fortunate to lead a team of 1,000+ dedicated and talented individuals who collectively have driven Ceragon's impressive performance, weathering unexpected storms such as the Covid-19 pandemic, bringing the company to where it is today. We had a strong quarter in terms of bookings, especially in North America, India and Europe. We've been awarded new contracts. To date we have sixteen 5G design wins. We're participating in more OpenRan trials. It has been a good start and I'm truly excited about all the growing 5G-era opportunities lying ahead."

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Orange presents its 2023 ambitions in 3 areas

Orange outlined its ambitions for three of its growth drivers: Orange Africa & the Middle East, Orange Business Services and Orange Cyberdefense.

Orange Africa & the Middle East: achieve annual double-digit EBITDAaL growth by 2023

For more than 20 years, Orange has developed Africa & the Middle East into a key area for sustainable growth. Orange currently offers digital services in 18 countries in the region. By 2023, the Group aims to achieve an average annual growth rate (CAGR) in revenues of around 6%, double-digit EBITDAaL growth and an even faster increase in its organic cash flow.

Orange Business Services: by 2025, more than 55% of Orange Business Services’ revenue will be generated by digital, integration services and new connectivity services

Orange Business Services is a trusted player in the digital transformation of businesses and continues its transformation as a network-native digital-services company. IT and integration services (including cyber activities) and new connectivity services represented 41% of its revenues in 2020, while its cost optimization efforts continue. The Group's strategy on the B2B market remains focused on three main areas of growth: digital (cloud, digital & data, IoT, cyber), integration services, and new connectivity services. By 2025, Orange Business Services will generate more than 55% of its revenues from these segments by strengthening its main differentiating factors. Orange Business Services has demonstrated remarkable resilience compared to its peers in the face of the pandemic and has returned to sustainable revenue growth. The Group expects to achieve an average annual growth rate (CAGR) in revenue of around 2% per year in 2022 and 2023, and a return to EBITDAaL growth in 2022, which should then accelerate in 2023.

Orange Cyberdefense: the Group aims to achieve double-digital revenue growth and an operating margin about double that of today.

Cyber security has become a critical factor and an essential requirement for every company so as to guarantee a safer digital society. Orange Cyberdefense has been working to secure the infrastructure and digital assets of its B2B customers since 2014. As one of the European leaders in cyber security, Orange Cyberdefense will take steps to seize new opportunities for external growth through the possible creation of a standalone subsidiary. The Group aims to achieve double-digital revenue growth for Orange Cyberdefense, higher than that of the market, and an EBITDAaL margin in the medium term about double that of today.

A full day of archived presentations is online:

https://www.orange.com/en/investor-days-thematic-documents

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Arianespace launches Eutelsat QUANTUM satellite

Arianespace successfully launched Eutelsat's QUANTUM satellite into Geostationary Transfer Orbit using an Ariane 5 rocket from the Guiana Space Center in Kourou, French Guiana.

The satellite, which was built by Airbus Defence and Space offers in-orbit reprogrammable features that will enable government and mobility customers to actively define and shape performance and reach.The satellite provides coverage of the MENA region and beyond.

Commenting on the agreement, Pascal Homsy, Eutelsat’s Chief Technical Officer said: “Our congratulations to Arianespace and the Guiana Space Center teams for successfully launching the EUTELSAT QUANTUM satellite. The collaboration between Eutelsat, ESA, the UK Space Agency and Airbus Defence and Space on this ambitious satellite program has resulted in a world-first. EUTELSAT QUANTUM will supply services with unprecedented in-orbit reconfigurability in coverage, frequency and power, allowing complete mission rehaul, at any orbital position. It is a testimony to the innovative spirit and expertise of the European Space industry.”

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Canada completes 3500 MHz band auction

The government of Canada raised a record C$8.9 billion (US$7.2 billion) through the auction of 1,504 licenses of 3500 MHz spectrum. The following provisional results were announced.

https://www.ic.gc.ca/eic/site/smt-gst.nsf/eng/sf11722.html

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Xavier Niel bids EUR 182 per share to privatize Iliad

Xavier Niel, the founder and controlling shareholder of iliad, launched a simplified public tender offer for iliad valued at 182 euros per share, representing a premium of 61.0% on the closing share price at July 29, 2021.

Xavier Niel and iliad’s managers and long-standing shareholders who have undertaken to tender their shares to the offer, and/or transfer their shares to Xavier Niel’s holding companies, directly and indirectly own 74.9% of iliad’s share capital and 83.6% of its voting rights.

Xavier Niel, iliad’s reference shareholder, said: “I founded iliad in 1999 and I’m very proud of what the Group has grown into and the value it has created for all of its shareholders. Iliad is now entering a new phase in its development, requiring rapid changes and major investments which will be easier to undertake as an unlisted company. Our ambition for iliad is to accelerate its growth to make it a leading telecommunications player in Europe.”

Thomas Reynaud, Chief Executive Officer of iliad, stated: “Iliad’s management team welcomes this further demonstration of Xavier Niel’s commitment to the Group. This operation will secure iliad’s strategic independence and help us pursue our business development plan based on major investments in 5G and fiber. It’s a question of growth, trust and confidence. I’m very excited at the idea of starting a major new chapter in iliad’s history, with the full support of Xavier Niel and the Group’s 15,000 employees.”

Separately, iliad reported its growth for Services revenues reached 6.3% in the second quarter, up on the 4.8% increase recorded for the first three months of the year. Excluding the consolidation of Poland-based Play, the Group's EBITDA rose by 17% and operating cash flow edged up by a modest €22 million, with the increase in capex in France offsetting a large portion of the decrease in ltaly's operating losses.

In France, growth picked up pace in the second quarter, coming in at 5.0%, with a rise in revenues for the Fixed business - led by the commercial and financial success.

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Nokia's Q2 net sales up 4% yoy, growth across all business groups

Nokia announced Q2 net sales of EUR 5.313 billion up 4% yoy on a reported basis and up 9% yoy on a constant currency basis, driven by growth across all business groups, with particular strength in Network Infrastructure. Q2 comparable diluted EPS was EUR 0.09 and reported diluted EPS was EUR 0.06.

Based on the strong performance, Nokia increased upwards its full-year outlook. The company now expects a comparable operating margin between 10-12% for full-year 2021, compared to the previous range of 7-10%. 

Pekka LUNDMARK, President and CEO of Nokia, states:

"I am delighted that our strong start to 2021 continued in the second quarter. Our constant currency sales growth of 9%, combined with good cost control, enabled us to deliver a comparable operating margin of 12.8%. Even excluding a one-time software deal in Mobile Networks, we saw good underlying progress in operating margin. We are already seeing the benefits of our new operating model which helped us to deliver such a strong financial performance."

"The highlight of the second quarter was the Mobile Networks launch of our new AirScale baseband and radio products with up to 75% better power efficiency helping to reduce our environmental footprint and the lightest 32TRX massive MIMO active antenna in the market. In Network Infrastructure we sustained double-digit growth and have a series of product launches ahead in the second half to further strengthen our differentiation. Cloud and Network Services is making good progress on its portfolio rebalancing and Nokia Technologies continues to scale with two licensing agreements with automotive manufacturers including Daimler."

Some highlights:

https://www.nokia.com/about-us/investors/results-reports-Va2/

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Telefonica to acquire Cancom UK&I for managed services

Telefónica Tech agreed with Cancom Group to acquire Cancom UK&I for EUR 398 million euros valued at a multiple of 13.5x EV/OIBDA (based on 2021E). 

Telefónica Tech said the deal will strengthen the capabilities of its Cloud and Cybersecurity division in the UK and Ireland. Cancom UK&I has 600 professionals, joining the Telefónica Tech team, and a broad and strong digital services portfolio including professional services and managed services in advanced IT, cybersecurity and multi-cloud solutions.

Cancom UK&I is a certified Microsoft Gold Partner for 9 competencies, including Azure Expert MSP, CSP Direct, LSP, Surface Silver Partner and FastTrack and it also has other relevant partnerships with leading technology vendors. Cancom UK&I reached EUR 155 million in revenues in 2020, of which Managed and Professional Services represent more than 50% and are growing differentially. Cancom UK&I will reach EUR 190 million of revenues in 2021 with an adjusted EBITDA margin of 15.4% and revenues related to Managed Services and Professional Services revenues project differential growth rates of 20% and 26% CAGR18-21, respectively.

José Cerdán, CEO of Telefónica Tech, said: “Having the Cancom UK&I talented team join Telefonica Tech, will strengthen our Cloud and Cybersecurity capabilities in the UK and Ireland, with a strong focus on Professional and Managed services, and combined with our value proposition and global reach allows us to position ourselves as the strategic partner for our B2B customers in their digital transformation strategy".

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Microchip announces network synchronization platform

Microchip Technology Inc. introduced a single-chip, highly integrated, low-power, multi-channel integrated circuit (IC) that can be coupled with the company’s IEEE 1588 Precision Time Protocol (PTP) and clock recovery algorithm software modules.

“Our newest ZL3073x/63x/64x network synchronization platform implements sophisticated measure, calibrate and tune capabilities, thereby significantly reducing network equipment time error to meet the most stringent 5G requirements,” said Rami Kanama, vice president of Microchip’s timing and communications business unit. “A uniquely flexible architecture for implementing the necessary channel density as well as high-performance, low-jitter synthesizers help simplify the design of timing cards, line cards, Radio Units (RU), Centralized Units (CUs) and Distributed Units (DUs) for 5G Radio Access Networks (RAN).”

Microchip said its measure, calibrate and tune capabilities ensure 5G systems achieve International Telecommunication Union – Telecommunication (ITU-T) Standard G.8273.2 Class C (30ns max|TE|) and the emerging Class D (5ns max|TEL|) time error requirements. The architecture provides flexibility, offering up to five independent Digital Phase Locked Loop (DPLL) channels while consuming only 0.9W of power in a compact 9 x 9-millimeter package that simultaneously reduces board space, power and system complexity.

With five ultra-low-jitter synthesizers, this latest platform offers 100 femtosecond (fs) root mean square (rms) jitter performance required by high-speed interfaces in the latest 5G RU, DU and CU systems.

Microchip’s network synchronization platform software includes its ZLS30730 high-performance algorithm coupled with its ZLS30390 IEEE 1588-2008 protocol engine. Both are widely deployed in 3G, 4G and 5G networks with precise timing capabilities.

Microchip’s ZL3073x/63x/64x network synchronization platform combines seamlessly with the company’s family of precision 5G oscillators – for example, the OX-601 Oven Controlled Crystal Oscillator (OCXO) – to offer 5G network operators a total system solution.

The company’s extensive portfolio of timing and clock solutions include clock generation, fanout buffer and jitter attenuator solutions as well as quartz and MEMS oscillators is complemented by a broad family of Ethernet physical layer (PHY) devices.

https://www.microchip.com/en-us/about/news-releases/products/first-single-chip-network-synchronization-solution-provides-ultr

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T-Mobile US raises 2021 financial guidance

T-Mobile US reported Q2 revenues of $20.0 billion up 13% year-over-year. Service revenues amounted ti $14.5 billion up 10% year-over-year. Net income was $978 million, 8x more than last year, with diluted earnings per share of $0.78.

Some highlights:

• Approximately 80% of Sprint customer traffic is now carried on the T-Mobile network
• One-third of Sprint customers have been moved to the T-Mobile network
• Net customer additions of 1.4 million in Q2 2021 increased 107 thousand year-over-year and the total customer count increased to a record-high of 104.8 million.
• Postpaid net customer additions of 1.3 million in Q2 2021 increased 164 thousand year-over-year.
• Postpaid phone net customer additions of 627 thousand in Q2 2021 increased 374 thousand year-overyear, and postpaid phone churn of 0.87% improved sequentially for the second consecutive quarter.
• Postpaid other net customer additions were 649 thousand in Q2 2021.
• Postpaid account net additions of 349 thousand in Q2 2021 increased 248 thousand year-over-year.

 https://investor.t-mobile.com/financial-performance/quarterly-results/default.aspx

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OIF's IA for High Bandwidth Coherent Driver Modulator -- 800G and up

OIF announced an Implementation Agreement (IA) for High Bandwidth Coherent Driver Modulator (HB-CDM) 2.0. This IA builds upon the HB-CDM 1.0 IA, released in November 2018, and leverages the same form factor.

The HB-CDM 2.0 follows the integrated laser and coherent receiver standards from OIF in enabling next-generation compact, high-performance coherent networking solutions. Since OIF’s HB-CDM 1.0 was released for 64 Gigabaud (GBd), enabling 400Gbps coherent systems, the market has seen a need for increased network capacity and higher performance. The HB-CDM 2.0 leverages the original Type 1 form factor for compatibility with existing systems and also includes a Flexible Printed Circuit (FPC) as an alternate interface and higher performance RF pitch options for extended rates for future systems.

“OIF’s HB-CDM 1.0 standard was a critical new component enabling optimized 400G+ metro and long-haul coherent networks, supporting the industry need for more capacity with a standardized footprint, interface and performance,” explained Technical Editor of the OIF HB-CDM 2.0 IA, Richard Ward, Intel. “The HB-CDM 2.0 is a natural extension covering 128GBd in coherent technology for 800G per wavelength and beyond coherent systems. The market demand reinforces OIF’s critical role in creating solutions to fulfill industry requirements and accelerating market adoption of optical networking technologies.”

http://www.oiforum.com

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What's next for fiber access?

GPON has been the leading fiber access for the last 15 years, but which 10G or beyond technology will prevail next. 

Robert Conger, ADTRAN's SVP Technology & Strategy, discusses the various PON options, including XGS-PON, Combo-PON and higher-speed alternatives.

https://youtu.be/nHR7Keh68aY

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TPG Telecom picks Infinera’s ICE6 800G for Australia-Guam cable

 TPG Telecom selected Infinera for a major technology upgrade of its PPC-1 cable system connecting Australia and Guam, including connectivity to Papua New Guinea. It has two fiber pairs spanning approximately 7,000 kilometers, with 78 repeaters spaced approximately 92 kilometers apart. The submarine cable is a major gateway for North America and other Asia Pacific destinations.

Using Infinera’s ICE6 800G solution, the project will boost data capacity on this key internet backbone link by 50 percent, from 8 Tbps currently to 12 Tbps. Enabling direct connectivity to key Sydney points of presence (POPs) is part of this upgrade, delivering seamless connections for TPG Telecom customers beyond the landing station.

TPG Telecom Executive General Manager Mobile and Fixed Networks Barry Kezik said, “We are increasing the capacity of this vital international link by 50 percent to meet the growing data requirements of our customers, which is being driven by booming demand for cloud computing and video streaming.”

“Infinera is excited to collaborate with TPG Telecom to deploy our industry-leading ICE6 800G solution on its critical subsea network, offering higher-speed bandwidth and more capacity and arming TPG Telecom with the ability to deliver new high-speed connectivity services,” said Nick Walden, Senior Vice President, Worldwide Sales, Infinera.

TPG Telecom's brands include Vodafone, TPG, iiNet, AAPT, Internode, Lebara and felix. In addition to its PPC-1 assets, TPG Telecom is party to agreements which provide it with access to the Southern Cross cable connecting Australia to the US, and an agreement giving it indefeasible rights to use the SEA-US submarine cable between Guam and California. SEA-US extends the reach of TPG Telecom’s directly controlled network into the main hub of internet content in the US. TPG Telecom also has international links into New Zealand, Singapore, Hong Kong and Japan.

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Fujitsu and HFR Networks enhance Smart xHaul for 5G transport

 Fujitsu Network Communications and HFR Networks introduced new and enhanced Smart xHaul solutions for 5G network transport. Enhancements include new  optics for the M6424 time sensitive networking (TSN) aggregation and transport switch — which is in use with a Tier 1 U.S. service provider as the lead customer — and the new M6208E TSN switch for hardened environments.

The enhanced M6424 delivers up to 400G transport capacity with the new xWave 400G optical solution for high-capacity TSN with precision time protocol (PTP) over a single fiber. This significant increase in transport efficiency results in an 8 to 1 fiber savings, with a pay-as-you-grow solution provisioned in 100G increments.

Moreover, the M6424 switch includes integration of 10Gbps/25Gbps Smart Tunable Optics, offering a powerful “semi-active” transport solution when cell site power and space challenges exist. The M6424 utilizes its management software to access the smart self-tuning optics for automated turn-up and remote visibility at passive cell sites, allowing proactive Operations, Administration and Management (OA&M) capabilities, resulting in high availability services support. In this way, optics can be disaggregated from the transport system and plugged directly into radios at space constrained or zoning-restricted locations such as lamp posts, utility poles or building facades, solving challenges related to power, aesthetics and space.

The new M6208E switch is a scalable, high-capacity TSN switch in a compact, hardened enclosure for outside plant wall or pole mounting, built for rapid site deployment in challenging conditions ranging from rural cell sites to constrained environments, such as subways or venues. The versatile M6208E reduces fiber needs by enabling service blending across legacy 3G or 4G LTE common public radio interface (CPRI) infrastructure at remote radio heads with 5G enhanced CPRI traffic and Ethernet services on a common RAN.

“As service providers face the complexities of building out ubiquitous 5G coverage, they need operational flexibility with greater efficiency and performance. Leveraging TSN and innovative optics optimized for xHaul enables significant cost savings, business agility and faster time to market,” said Paul Havala, vice president of technology business unit, Fujitsu Network Communications, Inc. “The combination of Fujitsu’s integration services and HFR Networks' standards-compliant technology empowers versatile Smart xHaul solutions with centralized management across multiple RAN types to support a wide variety of 5G transport use cases.”

“HFR Networks continues to listen to customers as we expand our flexiHaul solutions portfolio,” said Paul Crann, chief executive officer, HFR Networks. “These enhanced switching solutions help operators to accelerate 5G coverage to more locations, including sites that require rugged, passive or compact solutions with the ability to converge multiple services onto common infrastructure.”

As an HFR Networks’ partner, Fujitsu offers the M6424, xWave 400G and M6208E switching solutions as part of its Smart xHaul transport portfolio, along with network integration and management services.

https://hfrnetworks.com/

HFR and Fujitsu debut 25G Smart Tunable Optics for 5G transport

Wednesday, January 27, 2021  25G, Fronthaul, Fujitsu  

HFR Networks and Fujitsu Network Communications introduced 25G Smart Tunable Optics as part of Fujitsu's flexiHaul portfolio of solutions. HFR Networks’ Smart Tunable Optics seamlessly integrate into Fujitsu's flagship flexiHaul transponder based and Time Sensitive Networking (TSN) portfolios. 

The Smart Tunable Optical transceivers automatically self-tune to the correct wavelength without intervention by the host system or a field technician. This automates fast service turn-up, and enables full operational visibility on xHaul transport links for proactive management of active or passive remote sites. Smart Tunable Optics are also available supporting 10G.

Fujitsu says 5G fronthaul is driving 25G transport as an essential requirement, including the ability to combine existing 10G services across a variety of equipment and technologies from different RAN suppliers. Intelligent self-tuning optics enable network operators to maximize valuable fiber capacity while saving on space and power at remote sites by using only passive components. This is critical for operators around the world as they continue deploying additional LTE capacity in parallel with quickly ramping new 5G services.

“As a strategic partner of Fujitsu, HFR Networks continues to provide the innovation required by our customers,” said Paul Havala, V.P. of Global Planning, Fujitsu Network Communications. “Smart Tunable Optics deliver the increased flexibility and impressive total cost of ownership benefits that operators demand as they continue to move towards open networks while simultaneously increasing network capacity across mixed generations of radio technologies and vendors.”

“HFR Networks is thrilled to add another industry first to its list of accomplishments,” stated Paul Crann, CEO, HFR Networks. “By enabling converged 4G/5G services across RAN vendors and overcoming constraints due to limited fiber, we are able to simplify operations while reducing the remote site space and power requirements. HFR Networks empowers operators in their continued efforts to get to market quickly with new 5G services using high-performance, open and cost-effective solutions.”

http://www.hfrnetworks.com

http://us.fujitsu.com/telecom

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Red Hat and Nutanix enter strategic partnership

Red Hat and Nutanix announced a strategic partnership focused on building, scaling and managing cloud-native applications on-premises and in hybrid clouds. The collaboration brings together Red Hat OpenShift and Red Hat Enterprise Linux with Nutanix Cloud Platform, including Nutanix AOS and AHV.

Key elements of the partnership include:

• Red Hat OpenShift as the preferred choice for enterprise full stack Kubernetes on Nutanix Cloud Platform. Customers looking to run Red Hat Enterprise Linux and Red Hat OpenShift on hyperconverged infrastructure (HCI) will be able to use an industry-leading cloud platform from Nutanix, which includes both Nutanix AOS and AHV.
• Nutanix Cloud Platform is now a preferred choice for HCI for Red Hat Enterprise Linux and Red Hat OpenShift. This will enable customers to deploy virtualized and containerized workloads on a hyperconverged infrastructure, building on the combined benefits of Red Hat’s open hybrid cloud technologies and Nutanix’s hyperconverged offerings.

• Nutanix AHV is now a Red Hat certified hypervisor enabling full support for Red Hat Enterprise Linux and OpenShift on Nutanix Cloud Platform. 
• The certification of the Nutanix built-in hypervisor, AHV, for Red Hat Enterprise Linux and OpenShift offers enterprise customers a simplified full stack solution for their containerized and virtualized cloud-native applications. This certification delivers Red Hat customers additional choice in hypervisor deployments, especially as many organizations explore innovative, modern virtualization technologies.
• Joint engineering roadmap providing robust interoperability. Red Hat and Nutanix will focus on delivering continuous testing of Red Hat Enterprise Linux and Red Hat OpenShift with Nutanix AHV to provide robust interoperability. The companies will also collaborate to deliver more timely support by aligning product roadmaps.

https://www.nutanix.com/blog/red-hat-and-nutanix-partner-to-deliver-big-on-hybrid-cloud

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Biden signs order on Cybersecurity for Critical Infrastructure

President Biden signed a National Security Memorandum (NSM) on “Improving Cybersecurity for Critical Infrastructure Control Systems”. There are two key parts:

• Directs the Department of Homeland Security’s Cybersecurity & Infrastructure Security Agency (CISA) and the Department of Commerce’s National Institute of Standards and Technology (NIST), in collaboration with other agencies, to develop cybersecurity performance goals for critical infrastructure. We expect those standards will assist companies responsible for providing essential services like power, water, and transportation to strengthen their cybersecurity.
• Formally establishes the President’s Industrial Control System Cybersecurity (ICS) Initiative. The ICS initiative is a voluntary, collaborative effort between the federal government and the critical infrastructure community to facilitate the deployment of technology and systems that provide threat visibility, indicators, detections, and warnings. The Initiative began in mid-April with an Electricity Subsector pilot, and already over 150 electricity utilities representing almost 90 million residential customers are either deploying or have agreed to deploy control system cybersecurity technologies. The action plan for natural gas pipelines is underway, and additional initiatives for other sectors will follow later this year.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/07/28/fact-sheet-biden-administration-announces-further-actions-to-protect-u-s-critical-infrastructure/

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Cyxtera begins trading on Nasdaq

Cyxtera, which operates more than 60 data centers around the world, completed its business combination with Starboard Value Acquisition Corp. The business combination, which was approved by SVAC’s stockholders at its special meeting held on July 28, 2021.

Cyxtera said the public listing provides access to new capital sources to fuel growth, accelerate product and technology innovation, enhance its ability to quickly meet customer needs and support further strategic go-to-market efforts. 

On July 30, 2021, Cyxtera’s shares of Class A common stock will begin trading on The Nasdaq Global Select Market under the symbol “CYXT” and its warrants under the symbol “CYXTW.”

“Today marks a key milestone in a journey we launched in 2017 to build a global leader in digital infrastructure with the scale, connectivity and technology to meet the needs of leading enterprises, service providers, and government agencies,” said Manuel D. Medina, Chair of Cyxtera and Founder and Managing Partner of Medina Capital. “Cyxtera already has a strong track record of value creation, and we look forward to continuing to deliver innovative solutions for our customers across our global data center platform.”

www.cyxtera.com

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Xilinx reports record quarter despite supply chain issues

Xilinx posted Q2 sales of $879 million, representing 3% sequential growth and 21% annual growth, despite ongoing industry-wide supply chain challenges.

Xilinx delivered another record quarter as the demand for our products remains robust, despite an unprecedented and challenging supply constrained environment,” said Victor Peng, Xilinx president and CEO. “Our stellar results were driven by strength across our diversified end markets. We continue to actively manage the supply situation with our partners, including qualifying a new supplier in a key part of our supply chain, to meet strong customer demand. In addition, we continue to execute extremely well on our roadmap as we have broadened the Versal portfolio with the Versal Edge and Versal HBM series announcements. We are working every day to improve supply for our customers.”

Some highlights:

• Data Center Group (DCG) revenue in the quarter increased 14% sequentially driven by strong demand across hyperscale cloud customers and the Fintech market
• Wired and Wireless Group (WWG) revenue was up 13% year-over-year and flat sequentially driven by continuing global 5G deployments
• Aerospace & Defense, Industrial and Test, Measurement & Emulation (AIT) revenue declined 10% sequentially, with record Industrial end market performance offset by a decline in Aerospace & Defense sales, and a modest decline in TME
• Automotive, Broadcast and Consumer (ABC) revenue in the quarter increased 13% sequentially, with record quarters in the Broadcast and Consumer end markets
• Platform transformation continues with total Adaptive SoC revenue, which includes Zynq and Versal platforms, up 13% sequentially and 83% year-over-year, and representing 28% of total revenue

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Hatif Libya picks Infinera for optical transport network

 Hatif Libya, a subsidiary of the Telecommunications Holding Company (LPTIC), selected selected Infinera to expand and develop Libya’s optical transport network. The multi-million USD project will provide access to internet and mobile services in areas not reached previously by the network and improve the quality and reliability of services for all customers.

Hatif was established in 2008 for the purpose of operating and maintaining sovereign the national network to reach 214 villages and cities that spans 1200 km and provide its services to all of Libya. T

Infinera will deploy Automatically Switched Optical Network (ASON) technology.

The agreement was signed today by Mohamed Belras Ali, Chairman of the Board of Directors of Hatif Libya, and David Heard, Infinera CEO. The ceremony was attended by Abdelhamid AlDabaiba, Head of the National Unity Government, Faisel Gergab, LPTIC Chairman, and the U.S. Ambassador to Libya, Richard Norland.

Prime Minister AlDabaiba said at the signing: “We view this exciting new partnership between Hatif Libya and Infinera as a major stepping stone towards strong Libyan-American economic relations. It highlights the welcome return of American companies to Libya to assist in the completion of stalled projects. Deals like this are the cornerstone of a diversified, robust economy of the future.”

Faisel Gergab, Chairman of the Board of Directors of the Libyan Telecommunication Holding Company (LPTIC), said: “The partnership with Infinera boosts LPTIC’s commitment to providing improved connectivity services and is an important milestone in our strategic goal of digital transformation. This contract will strengthen the telecommunications sector in all regions of the country and will help boost our economy. We see this early cooperation as a signal of what’s ahead for the telecommunications sector, and we fully intend to pursue more partnerships with the U.S.

David Heard, CEO of Infinera, said: “We are pleased to announce this strategic partnership with Hatif Libya, which represents a key foundation of the Libyan telecom sector. Working together, we can build a telecommunications infrastructure that will meet current and future needs. We are looking forward to establishing a successful long-term relationship based on our technology innovations, industry expertise, and committed partnership. We are thrilled to be entering Libya and to be working closely with our Libyan partners to deliver a best-in-class solution.”

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CoreSite posts Q2 revenue $162.1 million, up 7.7% yoy

CoreSite reported operating revenues of $162.1 million, an increase of 7.7% year over year and 2.8% sequentially. Net income was $0.59 per common diluted share, an increase of $0.07 year over year and $0.08 sequentially.

During Q2, CoreSite commenced 133 new and expansion leases for 59,174 net rentable square feet, representing $8.4 million of annualized GAAP rent, for an average rate of $142 per NRSF. CoreSite also signed 112 new and expansion leases for 33,135 NRSF and $7.8 million of annualized GAAP rent, for an average rate of $235 per NRSF.

“We are optimistic about the fundamental market drivers supporting our go-to-market strategy,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “Technology requiring low-latency, high-performance, hybrid-cloud IT architectures continues to play an increasingly important role in the success of businesses. We believe we are well-positioned to capture a good share of the edge needs in our major metropolitan U.S. markets.”

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MACOM posts revenue of $153 million, up 11% yoy

MACOM reported revenue of $152.6 million for its third fiscal quarter, an increase of 11.2%, compared to $137.3 million in the previous year fiscal third quarter and an increase of 1.4% compared to $150.6 million in the prior fiscal quarter. Net income was $15.0 million, or $0.21 per diluted share, compared to net loss of $25.0 million, or $0.37 loss per diluted share, in the previous year fiscal third quarter and net income of $14.8 million, or $0.21 per diluted share, in the prior fiscal quarter.

“Our Q3 results demonstrate MACOM’s potential,” said Stephen G. Daly, President and Chief Executive Officer. “We remain focused on engineering excellence and execution.”

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