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Mobile Core Network Market Returns to Growth in 2Q 2023, According to Dell'Oro Group

Retrieved on:

Wednesday, August 23, 2023

MCN, Huawei, Telecommunications, Y/Y, ZTE, Ericsson, Monolithic kernel, Mobile network operator, Bolan, Growth, Network equipment provider

REDWOOD CITY, Calif., Aug. 23, 2023 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Mobile Core Network (MCN) market returned to growth in 2Q 2023. The China region returned to growth and Europe, the Middle East, and Africa (EMEA) had the strongest quarterly growth rate since 3Q 2020.

Key Points:

REDWOOD CITY, Calif., Aug. 23, 2023 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Mobile Core Network (MCN) market returned to growth in 2Q 2023.
The China region returned to growth with increased spending by two of the four Mobile Network Operators (MNOs).
"As of 2Q 2023, we counted 44 Mobile Network Operators (MNOs) that have launched commercial 5G SA networks.
Additional highlights from the 2Q 2023 Mobile Core Network and Multi-Access Edge Computing Report include:
The top MCN vendors worldwide for 2Q 2023 were Huawei, Ericsson, Nokia, and ZTE.

Private Wireless RAN Revenues Accelerate in the Second Quarter, According to Dell'Oro Group

Retrieved on:

Tuesday, August 8, 2023

Huawei, Telecommunications, Y/Y, Samsung, Ericsson, RAN, Investment, Growth, LTE, Mobile phone, Network equipment provider

REDWOOD CITY, Calif., Aug. 8, 2023 /PRNewswire/ -- According to a newly published forecast report by Dell'Oro Group, a trusted source for market information about the telecommunications, security networks, and data center industries, private wireless revenues remain small relative to total RAN investments, but year-over-year growth is on the uptick. Preliminary readings suggest that total private wireless RAN revenues, including traditional private wide-area macro and small cells, increased by around 60 percent year-over-year (Y/Y) in the second quarter. This growth was underpinned by positive trends from both established and smaller RAN suppliers.

Key Points:

Preliminary readings suggest that total private wireless RAN revenues, including traditional private wide-area macro and small cells, increased by around 60 percent year-over-year (Y/Y) in the second quarter.
The results in the second quarter clearly show that the private wireless market is moving in the right direction," continued Pongratz.
Additional highlights from the July 2023 Private Wireless Report:
Top 3 Private Wireless RAN suppliers for the 3Q 2022 to 2Q 2023 period include Huawei, Nokia, and Ericsson.
Total private wireless RAN revenues are projected to grow at a 24 percent CAGR between 2022 and 2027, while public RAN revenues are set to decline at a 2 percent CAGR over the same time period.

WISH Shareholder News: Johnson Fistel Encourages ContextLogic Shareholders with Losses to Contact the Firm Regarding Investigation

Retrieved on:

Friday, August 4, 2023

Sell, Loop, LLP, Y/Y, Wish (company), SAN, Hold

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points:

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
If you purchased common stock in the company and suffered significant losses on your investment, join our investigation now:
There is no cost or obligation to you.
Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.
For more information, contact Jim Baker at (619) 814-4471 or [email protected] .

Audacy Reports Second Quarter Results

Retrieved on:

Friday, August 4, 2023

Audacy, Inc. (NYSE: AUD; OTC: AUDA) today reported financial results for the quarter ended June 30, 2023.

Key Points:

Audacy, Inc. (NYSE: AUD; OTC: AUDA) today reported financial results for the quarter ended June 30, 2023.
Net revenues for the quarter were $298.5 million, down 6.6% compared to $319.4 million in the second quarter of 2022.
Local spot was down 3.7%, while national spot was down 16.6%
Digital revenues, were $66.7 million, down 4% compared to the second quarter of 2022.
Field, Chairman, President and Chief Executive Officer, stated: “Second quarter net revenues were down 6.6% in line with our quarterly guidance, reflecting challenging ad market conditions.

OpenText Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on:

Thursday, August 3, 2023

Cloud, OpenText, Micro Focus, CC, Bank statement, Fiscal, Y/Y, GAAP, Organization, EBITDA, Acquisition, CFO, TSX, Growth, Information management, Cardboard

"OpenText Fiscal 2023 progress and results are exceptional and record setting, with 28% total revenue growth.

Key Points:

"OpenText Fiscal 2023 progress and results are exceptional and record setting, with 28% total revenue growth.
OpenText delivered record total revenues of $4.5 billion of which 81%, or $3.6 billion, is annually recurring," said Mark J. Barrenechea, OpenText CEO & CTO.
"OpenText delivered an exceptional operating performance in Fiscal 2023 with adjusted EBITDA of $1.5 billion and free cash flows of $655 million.
Please see Note 2 "Use of Non-GAAP Financial Measures" to the consolidated financial statements below.

Zeta’s Accelerates Profitability in 2Q’23 and Raises Guidance

Retrieved on:

Wednesday, August 2, 2023

“Driving this level of consistent growth and profitability is only possible if you are developing exceptional products that deliver exceptional value to your customers.

Key Points:

“Driving this level of consistent growth and profitability is only possible if you are developing exceptional products that deliver exceptional value to your customers.
Increasing Adjusted EBITDA guidance to a range of $31.7 million to $32.2 million, up $2 million at the midpoint from the prior guidance of $30 million.
The revised guidance represents a year-over-year increase of 41% to 44% and an Adjusted EBITDA margin of 17.5% to 18.2%.
Revised guidance represents a year-over-year increase of 35% and an Adjusted EBITDA margin of 17.3% to 17.5%.

DoorDash Releases Second Quarter 2023 Financial Results

Retrieved on:

Wednesday, August 2, 2023

The cumulative impact of these improvements, along with effective execution and durable end markets, drove strong growth and improved efficiency in Q2 2023.

Key Points:

The cumulative impact of these improvements, along with effective execution and durable end markets, drove strong growth and improved efficiency in Q2 2023.
On a reported basis in Q2 2023, we drove Total Orders up 25% Y/Y, Marketplace GOV up 26% Y/Y, and revenue up 33% Y/Y.
On a pro forma basis in Q2 2023, including the results from Wolt for both periods, we drove Total Orders up 18% Y/Y, Marketplace GOV up 20% Y/Y, and revenue up 27% Y/Y.
Our consumer cohorts performed well in Q2 2023, which contributed to strong Y/Y growth in MAU and drove order frequency to a new all-time high.

STAAR Surgical Reports Second Quarter 2023 Results

Retrieved on:

Wednesday, August 2, 2023

STAAR Surgical Company (NASDAQ: STAA), a leading developer, manufacturer and marketer of implantable lenses for the eye, today reported financial results for the second quarter ended June 30, 2023.

Key Points:

STAAR Surgical Company (NASDAQ: STAA), a leading developer, manufacturer and marketer of implantable lenses for the eye, today reported financial results for the second quarter ended June 30, 2023.
Net sales were $92.3 million for the second quarter of 2023, up 14% compared to $81.1 million reported in the prior year quarter.
Gross profit margin for the second quarter of 2023 was 76.6% compared to the prior year quarter of 78.8%.
Operating expenses for the second quarter of 2023 were $62.1 million compared to the prior year quarter of $46.9 million.

Group Financial Results as of June 30th 2023, Approved Solid Financial Performance, With Continued EBITDA Margin Expansion

Retrieved on:

Tuesday, August 1, 2023

In 1H23 the Group delivered solid financial results, with revenues reaching € 1,577.0 million, +8.1% versus 1H22, and EBITDA reaching € 771.8 million, +11.6% versus 1H22.

Key Points:

In 1H23 the Group delivered solid financial results, with revenues reaching € 1,577.0 million, +8.1% versus 1H22, and EBITDA reaching € 771.8 million, +11.6% versus 1H22.
In 2Q23, revenues reached € 835.3 million, +7.3% versus 2Q22 and EBITDA was at € 436.1 million, +10.1% versus 2Q22, with EBITDA Margin at 52%.
Transactions value growth continued across the Group, primarily driven by international schemes, coupled with continued strong growth of customer base and number of terminals.
As of June 30th 2023, the Net Financial Debt was at € 5,422 million, while the Net Financial Debt/ EBITDA ratio reached 3.2x.

Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2023

Retrieved on:

Thursday, July 20, 2023

Robotics, Consumer Electronics, Automotive Manufacturing, Technology, Manufacturing, Hardware, Machinery, Industrial production in Shōwa Japan, Tax, Commercial, Y/Y, International, International Financial Reporting Standards, Corporation, Nidec, OTC, Cardboard, Appliance

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2023.

Key Points:

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2023.
Operating profit increased 34.7% Y/Y to ¥60.2 billion, marking a record high on a quarterly basis.
Profit attributable to owners of the parent increased 55.0% Y/Y to ¥64.0 billion, marking a record high on a quarterly basis.
Quarterly operating profit of Appliance, Commercial and Industrial Products segment, one of our mid-term growth drivers, marked a record high.