Financials

Huawei reported revenue of CNY310.9 billion for 1H2023, with a year-on-year increase of 3.1% and a net profit margin of 15.0%.  The company's ICT infrastructure business contributed CNY167.2 billion, its...

 VIAVI reported revenue of $263.6 million for its fourth fiscal quarter ended July 1, 2023, down from $335.3 million for the same period a year earlier. GAAP net loss was...

Zayo announced the addition of Bill Smith to its board of directors.  Smith most recently served as the interim CEO of PG&E – one of the nation’s largest utility companies...

For Q2 2023, Deutsche Telekom Group service revenue was up 1.4 percent to 23.0 billion euros (up 3.2 percent in organic terms), while net revenue was down 2.4 percent to...

GlobalFoundries Inc. (GF) reported Q2 revenue of $1,845 million, net income of $237 million, and adjusted net income of $297 million. Gross margin was 28.8% and adjusted gross margin was...

Infinera reported Q2 GAAP revenue of $376.2 million compared to $392.1 million in the first quarter of 2023 and $358.0 million in the second quarter of 2022. GAAP gross margin...

Tareq Amin has stepped down as Rakuten Mobile Representative Director and Co-CEO effective 07-August-2023. On LinkedIn, Amin expressed gratitude to Rakuten employees and leadership, saying he looks forward to new...

MaxLinear and Silicon Motion each issued press releases accusing the other of bad faith in their merger agreement, which MaxLinear terminated unilaterally on July 26th. MaxLinear cited multiple grounds for...

Adtran reported Q2 revenue of $327.4 million, up 90% year-over-year and 1% quarter-over-quarter. Net loss attributable to the company for the second quarter of 2023 was $33.3 million, down 1,655%...

 In its Q2 financial report, Amazon disclosed that AWS segment sales increased 12% year-over-year to $22.1 billion. AWS segment operating income was $5.4 billion, compared with operating income of $5.7...

Cloudflare reported Q2 venue of $308.5 million, representing an increase of 32% year-over-year. Non-GAAP net income was $33.7 million, compared to $0.3 million in the second quarter of 2022. Non-GAAP...

MACOM announced the appointment of Wayne Struble as Senior Vice President, Advanced Semiconductor Technology. Struble, who has served as a MACOM Distinguished Fellow of Technology since joining MACOM in 2010,...

Extreme Networks posted sales of $363.9 million for its ffourth quarter ended June 30, 2023., up 31% year-over-year, and up 9% quarter-over-quarter. Non-GAAP diluted EPS $0.33, compared to $0.15 in...