Financials

Aviatrix appointed Doug Merritt as CEO and President, replacing Steve Mullaney. Merritt was previously CEO and President of Splunk. Under Merritt’s leadership, Splunk grew revenues from the equivalent of $100...

Cisco announced plans to acquire Accedian, a privately-held company based in Montreal that offers performance analytics and end user experience solutions. Financial terms were not disclosed. The deal is expected...

Citing the need for greater scale and cost efficiency,  Vodafone Group Plc and CK Hutchison Group Telecom Holdings announced plans to merge their UK telecommunication businesses. Vodafone will own 51% of the...

Hewlett Packard Enterprise (HPE) appointed Bethany Mayer, former president and CEO of Ixia, to HPE’s Board of Directors, effective today. She will also serve as a member of the Board’s...

The European Commission will provide up to €8.1 billion to advance research in the field of Microelectronics, including communication technologies (IPCEI ME/CT).  The initiative involves 68 projects from 56 companies,...

Driven by strong growth in cloud services, Oracle reported fiscal 2023 Q4 revenue of $13.8 billion, up 17% in USD and up 18% in constant currency. GAAP net income was...

Ciena reported revenue of $1.13 billion or its fiscal second quarter ended April 29, 2023, up 19% as compared to $949.2 million for the fiscal second quarter 2022. Ciena's GAAP...

Digital Realty raised approximately $1.1 billion of gross proceeds from the sale of approximately 11 million shares issued under the company's at-the-market program, including 3.5 million shares to be issued...

Cyxtera entered into a pre-arranged Chapter 11 process in the U.S. Bankruptcy Court for the District of New Jersey. Cyxtera said it is continuing to operate its unique global platform...

VMware reported revenue for 1Q FY 24 of $3.28 billion, an increase of 6% from the first quarter of fiscal 2023. GAAP net income for the first quarter was $224...

Dell Technologies reported 1Q FY24 revenue of $20.9 billion, down 20%. The company generated operating income of $1.1 billion and non-GAAP operating income of $1.6 billion, down 31% and 25%,...

MACOM is establishing a European Semiconductor Center to offer its customers higher frequency Gallium Arsenide (GaAs) and Gallium Nitride (GaN) monolithic microwave integrated circuits (“MMICs”). MACOM recently acquired the key...

Hewlett Packard Enterprise reported Q2 revenue of $7.0 billion, up 4% from the prior-year period and 9% in constant currency. GAAP margin amounted to 36.0%, an all-time record for the...