Industry News

Cisco. Q4 Revenue: $12.6 billion Growth of 2% year over year-- Q4 guidance was 0% to 3% growth year over year Q4 Earnings per Share: $0.56 GAAP; $0.63 non-GAAP FY 2016 Revenue: $48.7 billion, growth of 3% year over year FY 2016 Earnings per Share: $2.11 GAAP; $2.36 non-GAAP Q1 FY 2017 Outlook: Revenue: -1% to 1% growth year over year Earnings per Share: GAAP $0.42- $0.47; Non-GAAP: $0.58 to $0.60. Cisco today reported fourth quarter and fiscal year results for the period ended..."/>
Cisco Reports Fourth Quarter and Fiscal Year 2016 Earnings
YY Inc., a live streaming platform, today announced that Mr. Jun Lei has tendered his resignation as the Chairman and a member of the Company’ s Board of Directors, effective immediately, in order to focus his energy on Xiaomi, where he is currently Chairman and CEO. Lei will remain a major investor, strategic partner and advisor for YY going forward."/>
YY Inc. Announces Management Changes
CoreLogic reported Wednesday. The home price had climbed each month since February but finally stopped in its tracks, likely influenced by a 12.5 percent drop in sales from the previous month. The strong market has seen the median price increase 5.3 percent in the last 12 months."/>
San Diego median home price, $495K, unchanged in July [The San Diego Union-Tribune]
NetApp today reported financial results for the first quarter fiscal year 2017, ended July 29, 2016.. First Quarter Financial Results Net revenues for the first..."/>
NetApp Reports First Quarter Fiscal Year 2017 Results
ClassFlow™ Wins 2016 Worlddidac Award
Allot Communications Ltd. is looking for a buyer is nothing new. In recent months, following the company's poor results on the one hand and its bulging wallet on the other, inquiries were made by several parties likely to be interested in the company, but to date, none of these contacts have resulted in either any advanced negotiations or a deal. Nevertheless, it appears that efforts in this direction are continuing."/>
Formula eyes Allot acquisition [Globes, Tel Aviv, Israel]
Cisco intends to cut 14,000 jobs, almost 20% of its global workforce, the technology website CRN reported. According to the report, while these large-scale layoffs will only be announced in the next few weeks, Cisco has already offered some of its employees generous retirement packages. This dramatic decision had followed the company recent strategic decision to focus on software, rather than hardware."/>
Cisco layoffs will hit Israel - report [Globes, Tel Aviv, Israel]
SAP SE’ s Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’ s Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLM..."/>
Rimini Street Named an Inc. 5000 Company for Sixth Consecutive Year
Staples during its National Teacher Appreciation Day on Wednesday, Aug. 17.. The first 100 teachers at each store receive a free sample kit with coupons. Plus, all teachers with ID get 10 percent of purchases."/>
BRIEF: Freebies, savings during Teacher Appreciation Day at Staples on Wednesday [Sun Sentinel]
CSP Inc., a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its third-quarter 2016 financial results after the close of the market on Thursday, August 18, 2016.. CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call on Thursday, August 18 at 5:00 p.m. ET to review the financial results and provide a business..."/>
CSP Inc. to Announce Third-Quarter Fiscal 2016 Financial Results on August 18
Sunworks Inc. reported record revenue of $31.5 million in this year's second quarter, a 186 percent year-over-year improvement. The local company said the revenue spike was related in part to its recent acquisition of Elite Solar near Chico. Second quarter net income totaled $744,000, or 4 cents per share, compared with a loss of $122,000, or a penny a share, in the second quarter of 2015.."/>
BRIEF: Roseville solar firm reports record revenue in second quarter [The Sacramento Bee]
Motorola Solutions Foundation helps to fund an International Association of Chiefs of Police training program– on how to form a culture of trust between police personnel and the communities they serve The foundation announced it will grant $3.45 million to 83 organizations dedicated to improving public safety in..."/>
Motorola Solutions Foundation Sponsors Innovative Police-Community Relations Program and Gives $3.45 Million in Public Safety Grants
Liquidity Services, a global solution provider in the reverse supply chain with the world’ s largest marketplace for business surplus, is pleased to highlight four private treaty sales of industrial manufacturing assets located in Mexico and the United States. Information about the sales can be found on GoIndustry DoveBid, a Liquidity..."/>
Liquidity Services Auction Watch
ADTRAN ®, Inc.,, a leading provider of next-generation open networking solutions, today announced that Jacqueline Hourigan Rice, Target’ s EVP and chief risk and compliance officer, has joined ADTRAN’ s board of directors. Rice assumes the seat of retiring board member Roy Nichols, who has served as a member of ADTRAN’ s board of directors since 1994."/>
Target’s Jacqueline Hourigan Rice Joins ADTRAN’s Board of Directors
Finisar Corporation, a global technology leader in high-speed optical communications, confirmed that it will announce its fiscal first quarter 2017 financial results for the period ending July 31, 2016, at the close of market on Thursday, September 8th, 2016. The announcement will be followed by a conference call with analysts at 2:00 p.m. PDT/ 5:00 p.m. EDT. Jerry Rawls, Finisar Corporation's Chairman and Chief Executive Officer, and Kurt Adzema, Chief..."/>
Finisar to Announce Fiscal First Quarter 2017 Financial Results and to Attend Investor Conferences
Brekford Corp., a leading public safety and security technology service provider of automated traffic safety enforcement solutions, parking and traffic enforcement solutions, and an end-to-end suite of technology solutions for public safety vehicles and mobile workers, announced today that Scott Rutherford, who co-founded the Company and developed its original upfitting business, will once again assume direct day-to-day oversight of Vehicle..."/>
Brekford Announces Scott Rutherford to Lead Vehicle Services Expansion
Xerox and an extension of the Go Denver app, includes in-app booking for Lyft, marking the first time a mobile app and ridesharing organization have come together to meet the needs of transit users in this way."/>
New Go Centennial Program by Xerox and Partners Makes Ridesharing, Mass Transit a Snap

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