5 Channel Partner Updates: 30 November 2018
Here are five technology news updates, insights, chatter, and plenty more to start your day for Friday, November 39, 2018.
Actually, there are 14 timely updates designed for managed services providers (MSPs), cloud services providers (CSPs), IT consulting firms, systems integrators, VARs, independent software vendors (ISVs), telco master agents, and telco agents to sip on. Take a look:
11. Massive Marriott Hack: It’s a biggie, and Marriott’s shareholders are feeling the pain.
10. Legal Feud: A federal grand jury Thursday indicted former Autonomy CEO Michael Lynch and another former top executive on fraud charges, alleging they lied about the British software company’s financials before Hewlett-Packard acquired the business, Law360 reports. Attorneys for Lynch insist he is innocent, and allege that HP mismanaged Autonomy’s business after the acquisition.
9. AT&T Asset Sales?: AT&T has vowed to cut up to $20 billion in debt in 2019, according to a statement on Thursday. The company, which recently acquired AlienVault, could sell off non-core assets such as its stake in streaming video company Hulu, Reuters speculates.
8. Dell Quarterly Financial Results: Dell’s Q3 revenues for fiscal 2019 reached $22.5 billion, up up 15 percent from the corresponding quarter last year. The company had a net loss of $895 million in Q3 fiscal 2019, a bit larger than the $851 million net loss in the corresponding quarter last year. Michael Dell is preparing to return Dell Technologies to public markets.
7. VMware Quarterly Financial Results: VMware’s revenues were $2.2 billion in Q3 fiscal 2019, up 14 percent from the corresponding quarter last year. Net income actually slipped a bit, though, to $334 million — down from $395 million in the corresponding quarter last year.
6. Splunk Quarterly Financial Results: Splunk’s Q3 revenues for fiscal 2019 were $480.9 million, up from $342.5 million in the corresponding quarter last year. The company had a net loss of $55.7 million — larger than the $29.7 million net loss from the corresponding quarter last year.
5. HP Quarterly Financial Results: HP’s net revenue was $15.4 billion in Q4 fiscal year 2018, up 10 percent from $13.9 billion in Q4 fiscal 2017. GAP net earnings were $1.5 billion — up 120 percent from $700,000 last year.
4. M&A – Multi-Cloud Management: Juniper Networks is acquiring HTBASE, which specializes in software-defined enterprise multicloud technology. HTBASE offers a single layer of compute, networking and storage across public and private clouds as well as the edge. The platform simplifies how multicloud environments are managed and easing application migration across multiple clouds, Juniper asserts.
3. IoT Toolkit: Verizon has launched an Internet of Things (IoT) development toolkit. It involves Verizon’s ThingSpace platform and Amazon FreeRTOS. Verizon’s ThingSpace platform is designed to make it easier for developers, OEM manufacturers, and System Integrator companies to develop IoT solutions that can leverage AWS and connect to AWS IoT Core, the companies say.
2. AWS Revenues: Amazon Web Services revenues could reach $71 billion by 2022, up from about $26 billion in 2018, according to Wall Street analyst Brent Thill from Jeffries.
1. M&A – MSPs: Scantron has acquired IT Nexus, an MSP in Omaha. This is Scantron’s third MSP acquisition in the Omaha area over the past three years or so.