AT&T: Hurricanes and Earthquakes Hurt Revenue

Video subscribers are also down. AT&T said on Wednesday that its third-quarter results took a hit from a string of hurricanes that tore into parts of the United states and earthquakes in Mexico. The No. 2 U.S. wireless carrier said third-quarter consolidated revenue was hurt by about $ 90 million and pre-tax earnings by about […] Read more »

IDG Contributor Network: Red Hat expected to rake in $2.4 billion in revenue this year

The king of Linux, Red Hat, continues its growth as a leading Linux vendor that’s betting big on the cloud. Yesterday, the company announced financial results for its second quarter of fiscal year 2017 ended August 31, 2016. The company generated $ 600 million in revenue for the quarter, a 19 percent year-over-year increase. Red […] Read more »

Australian cloud services revenue to hit $2 billion in 2015

Australian cloud services revenue to hit billion in 2015 The forecast looks specifically at revenue from five major categories of public IT cloud services including applications; application development and deployment; systems infrastructure software; basic storage and servers. IDC's APEJ Cloud End-User … Read more on ARNnet Cogent (CCOI) Reports Continued Productivity On The Sales Side […] Read more »