Red Hat agreed to acquire Neural Magic, an MIT spinout working on generative AI (gen AI) inference performance engineering. Financial terms were not disclosed. The acquisition is part of Red...
Arista Networks has posted strong financial results for the third quarter of 2024, showing robust year-over-year growth driven by high demand across AI, data center, and campus networking. With a...
ADTRAN announced its Q3 2024 preliminary financial results, showing a positive trajectory driven by sequential revenue growth and improving market conditions. With revenue reaching $227.7 million, the results exceeded midpoint...
CommScope’s third quarter of 2024 results highlighted a steady rise in demand across its network connectivity solutions, with net sales reaching $1.08 billion—a 2.7% increase year-over-year. The company’s Connectivity and...
MACOM reported strong fiscal fourth-quarter and full-year 2024 financial results, showing solid growth despite a challenging market environment. In Q4, MACOM’s revenue reached $200.7 million, marking a 33.5% year-over-year increase...
Sandvine initiated restructuring proceedings under Canada’s Companies’ Creditors Arrangement Act (CCAA) and is filing for recognition under Chapter 15 in U.S. Bankruptcy Court. These moves come as part of a...
Amazon reported strong financial results for Q3 2024, highlighted by an 11% increase in total net sales to $158.9 billion. The Amazon Web Services (AWS) segment, a key driver of...
Intel’s Q3 2024 results, while reflecting challenges in profitability, underscore the company’s commitment to realigning its cost structure and innovating its product line. Revenue reached $13.3 billion, representing a 6%...
Juniper Networks reported solid financial performance for Q3 2024, showcasing robust demand across cloud, enterprise, and service provider segments as it prepares for a strategic acquisition by Hewlett Packard Enterprise...
Microsoft reports a robust start to fiscal year 2025, driven by continued strength in its cloud services and solid growth across multiple segments. For the quarter ending September 30, 2024,...
Extreme Networks has reported positive financial results for the first quarter of fiscal year 2025, showing sequential growth despite a challenging year-over-year comparison. The company achieved $269.2 million in revenue,...
IBM reported third-quarter 2024 earnings with $15 billion in revenue, a 1% increase (or 2% at constant currency) compared to last year. Software led the growth, climbing 10% with strong...
Digital Realty (NYSE: DLR), headquartered in Austin, Texas, announced financial results for the third quarter of 2024, reporting total revenue of $1.4 billion, a 5% increase from the previous quarter...
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