Archive for March, 2009
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Spirent Reports H1
Monday, March 23rd, 2009
LONDON — Spirent Communications plc (“Spirent” or “the Group”) (LSE: SPT), a leading communications technology company, today announces its interim results for the first half of 2007.
Highlights
Restructuring actions in the first half of 2007 on course to achieve £21.5 million of full year cost savings in 2008. Exceptional expenses lower than anticipated at £12.6 million of which
£3.5 million are cash.
Adjusted earnings per share from continuing operations increased from 0.65 pence in the first half of 2006 to 0.85 pence per share in the first half of 2007 after absorbing negative foreign exchange impact equivalent to 0.22 pence per share.
Net cash inflow of £10.3 million in the first half, increasing cash to £106.9 million with no debt.
Results of Strategic Review to be communicated to shareholders in October 2007 will more
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Brix Monitors Ethernet Services
Monday, March 23rd, 2009
BOSTON — Brix Networks, a global provider of converged service assurance solutions, today announced a new offering that gives providers of Carrier Ethernet services scalable management of service turn-up initiatives, network and customer service level agreements (SLAs), and visibility across multiple networks to help in their transition from legacy infrastructures to next-generation networks.
The company’s BrixNGN™ solution allows providers that are focused on cellular backhaul and managed services to conduct automated and on-demand testing, service performance monitoring, and trouble-shooting of their bandwidth-intensive offerings, including inter-carrier peering, wholesale backbone services, private line over Ethernet, and Voice over IP (VoIP) backhaul.
BrixNGN supports the draft IEEE 802.1ag and ITU-T Y.1731 standards, which allow for end-to-end Ethernet more
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Shunra Tests Apps
Monday, March 23rd, 2009
NEW YORK — Shunra, the world’s leading provider of network emulation solutions, today announced that it has expanded its VE Desktop Professional and Professional Services offerings to allow Development and QA groups to integrate their existing testing solutions with Shunra’s leading network performance solution. Delivered through both VE Desktop Professional technology and Professional Services expertise, customers can now become more proactive and capture network-related defects much earlier in the software development lifecycle. Users can now easily include the network layer within existing unit and user acceptance testing processes, enabling applications to perform as expected once deployed over the Wide Area Network (WAN).
The end-to-end application performance best practices delivered through Shunra technology and on- site expertise provide discovery, more
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FiberTower Deploys Accedian
Monday, March 23rd, 2009
MONTREAL — Accedian Networks Inc., a leading provider of Service Assurance solutions and Ethernet Demarcation Devices, today announced that FiberTower Corporation (Nasdaq: FTWR) has selected and deployed the Company’s EtherNID(TM) SLA-Meter(TM) platform to measure performance and assure Service Level Agreements (SLAs) on its Ethernet-based backhaul network. FiberTower, a leading alternative provider of backhaul services for wireless carriers, chose Accedian’s Ethernet Service Assurance Platform to monitor SLAparameters end-to-end in a multi-point environment.
The Accedian EtherNID(TM) family allows backhaul service providers to guarantee stringent Ethernet SLA parameters between each Base Station and the MobileSwitchingCenters, a key requirement in the intensive rollout of 3G and WiMAX service initiatives currently taking place in the US.
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Nimsoft Bags $10.3M
Monday, March 23rd, 2009
REDWOOD CITY, Calif. — Nimsoft, a leading provider of service level management solutions, today announced that the company has secured $10.3 million in funding from JMI Equity and Northzone Ventures. Nimsoft, established in 1998 and profitable since its founding, has never received any external investment capital and has grown organically to more than 400 customers. The capital investment will fund an expansion of the company’s worldwide sales and marketing outreach and will further develop its product offerings, which help customers manage critical IT resources and application performance. For the past three years, Nimsoft has consistently grown revenues in the high double digits, evidence of market acceptance of Nimsoft’s low cost, easy-to-deploy solutions.
Lead investors Peter Arrowsmith of JMI Equity and Torleif Ahlsand of Northzone Ventures will join more
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IBM Reports Q4
Monday, March 23rd, 2009
ARMONK, N.Y. –
Full-Year 2008:
• Record revenue of $103.6 billion;
• Record pre-tax profit of $16.7 billion;
• Record earnings per share of $8.93;
• Record free cash flow of $14.3 billion, up $1.9 billion, excluding Global Financing receivables.
Full-Year 2009:
• Earnings-per-share expectation of at least $9.20.
Fourth-Quarter 2008:
• Diluted earnings of $3.28 per share, up 17 percent;
• Net income of $4.4 billion, up 12 percent;
• Gross profit margin of 47.9 percent, up 3 points;
• Revenue of $27.0 billion, impacted by strong U.S. dollar, down 6 percent, down 1 percent adjusting for currency;
• Software revenues up 3 percent, up 9 percent adjusting for currency; pre-tax more
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Microsoft Reports Q2
Sunday, March 22nd, 2009
REDMOND, Wash. — Microsoft Corp. today announced revenue of $16.63 billion for the second quarter ended Dec. 31, 2008, a 2% increase over the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.94 billion, $4.17 billion and $0.47, declines of 8%, 11% and 6%, respectively, compared with the prior year.
Client revenue declined 8% as a result of PC market weakness and a continued shift to lower priced netbooks. However, strong annuity licensing drove Server & Tools revenue growth of 15%. Entertainment and Devices revenue grew 3% driven by strong holiday demand for Xbox 360 consoles with a record 6 million units sold in the quarter.
During the quarter, Microsoft showcased significant new product innovations by debuting Windows 7, Windows Azure, Office Web applications, Windows Server 2008 R2 and Office more
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Nakina Names CFO
Sunday, March 22nd, 2009
OTTAWA — Nakina Systems, a leading provider of multi-vendor, multi-domain network management solutions, today announced the appointment of Jacquie Arthur to the position of chief financial officer. “Jacquie has remarkable entrepreneurial credentials,” says Nakina CEO Jay Borden. “With two IPOs, six follow-on offerings, and over fifty M & A transactions, Jacquie adds great depth of financial experience to our team at a time when we are poised for substantial growth.”
For the past 18 years, Arthur has worked for high tech companies in the software, hardware, and semiconductor sectors. From 2002 to 2005, she was CFO of Aprisma and part of a team that turned the company around and sold it, providing a very high return to Gores Technology Group, the private equity sponsor. She then spent three years at Monotype Imaging, joining the company just after it was more
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Infosys Closes Q3
Sunday, March 22nd, 2009
BANGALORE, India — Infosys Technologies (NASDAQ: INFY – News):
Highlights
Consolidated results for the quarter ended December 31, 2008
• Third quarter revenues at $ 1,171 million, up 8.0% from the corresponding quarter last fiscal; in constant currency 14.6%
• Earnings per American Depositary Share* (ADS) increased to $0.58 from $0.55 in the corresponding quarter last fiscal; YoY growth was 5.5%
• 30 new clients were added during the quarter by Infosys and its subsidiaries
• Gross addition of 5,997 employees (net 2,772) for the quarter by Infosys and its subsidiaries
• 103,078 employees as on December 31, 2008 for Infosys and its subsidiaries
*The tax provision for quarters ended December 31, 2008 and December 31, 2007 includes a net tax reversal of $12 million and $13 million respectively. Excluding this more
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Motive Hits 10 Million Mark
Sunday, March 22nd, 2009
AUSTIN, Texas — Motive, the leading provider of digital life management software for broadband and mobile data services, now part of Alcatel-Lucent, today announced it is beginning the year with more than ten million devices under management with its Home Device Manager (HDM) product. Deployed with more than 50 service providers worldwide, Motive’s HDM simplifies and accelerates the mass-market rollout and management of popular services such as high-speed Internet, IPTV and VoIP. It also streamlines device configuration, technical support and on-going management for a variety of customer premises equipment (CPE) – including residential gateways, IPTV set-top boxes, VoIP adapters, femtocell access points and other devices that comprise a home network.
By utilizing HDM, service providers can offer their customers a simple, consistent and unique service more
