San Jose, CA-based Worldwide Technology Leader Cisco ( NASDAQ: CSCO ) to Release Financial Results Wednesday, November 15, 2017

Dow 30 component and San Jose, CA-based Cisco ( NASDAQ: CSCO ) is the worldwide technology leader that has been making the Internet work since 1984. Their people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Cisco designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide.

Cisco has scheduled a conference call for Wednesday, November 15, 2017, at 1:30 PM (PT); 4:30 PM (ET) to announce its first quarter fiscal year 2018 financial results for the period ending Saturday, October 28, 2017. To listen to the call 1-888-848-6507 (domestic) and 1-212-519-0847 (International).

Financial results will be released on Marketwired via US National, European Technology Trade Media, and Western Europe distribution circuits, after the close of the market on Wednesday, November 15, 2017.

To learn more about Cisco (NASDAQ: CSCO) please visit the Vista Partners Cisco Coverage Page.

Cisco Schedules Conference Call for Q1 Fiscal Year 2018 Financial Results

Cisco has scheduled a conference call for Wednesday, November 15, 2017, at 1:30 PM ; 4:30 PM to announce its first quarter fiscal year 2018 financial results for the period ending Saturday, October 28, …..

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Cloud Services Provider Fusion (FSNN) Reports Q3 Results & Highlights

Matthew Rosen, New York, NY based Cloud Services Provider Fusion’s (NasdaqCM: FSNN) CEO stated with the release of their Q3 results, “Fusion continued to deliver solid financial performance during the third quarter of 2017, with nearly 40% growth in Business Services revenue and nearly 150% growth in Adjusted EBITDA, thanks to the contribution from the Apptix acquisition as well as solid sales bookings and installations, customer novations, and continued low churn. These results clearly demonstrate the power of our compelling strategy as the single source for the cloud. Since we announced our definitive agreement to acquire the Cloud and Business Services business of Birch in late August, both companies have been planning for the integration of our people, products, networks, and systems to ensure that the combined company – which will be one of the largest cloud services providers in North America – is positioned to begin realizing the benefits of the combination immediately after closing. We have also made substantial progress on the steps required to complete the transaction, including antitrust filings and filings with the FCC and a number of state regulatory agencies, and we expect to file the preliminary proxy this week. Given the upcoming holiday season, we believe that the process of obtaining regulatory approvals will take the close of the acquisition into the first quarter of 2018.”

Michael Bauer, Fusion’s CFO, stated, “We are very excited to complete the Birch transaction. The combined company is projected to have approximately $575 million in pro forma annual revenue and over $150 million in pro forma annual Adjusted EBITDA, including over $20 million in expected cost synergies.”

FSNN Reported the following Q3 Results & Highlights:

  • Fusion’s consolidated revenue grew 21% in Q3 2017 to $36.4 million, compared to $30.2 million in Q3 2016, due to an increase in the Company’s Business Services segment revenue. Business Services segment revenue grew 38% to $29.3 million, compared to $21.3 million in Q3 2016, primarily due to the acquisition of Apptix which closed in November 2016. Carrier Services segment revenue was $7.1 million, down 20% compared to $8.9 million in Q3 2016.
  • Consolidated gross margin was 45.7%, compared to 42.2% in Q3 2016. The increase was due to a higher mix of Business Services revenue, which generates a substantially higher margin than Carrier Services revenue, in 2017 as compared to 2016. Business Services gross margin was 55.5% in Q3 2017, compared to 58.0% in Q3 2016, primarily due to the addition of lower margin revenue from certain new customers the Company began servicing during the first half of 2017. Carrier Services gross margin was 5.0% compared to 4.3% in Q3 2016.
  • Net loss attributable to common shareholders in Q3 2017 was $(3.9) million, or ($0.18) per share on a basic and diluted basis, compared to net loss in Q3 2016 of $(3.4) million, or ($0.23) per share on a basic and diluted basis.
  • Adjusted EBITDA grew 147% to $4.2 million, compared to $1.7 million in Q3 2016, due primarily to revenue growth and a continued focus on cost controls.
  • Capital expenditures in Q3 2017 totaled $1.6 million, or 4.4% of revenue. Capital expenditures in the first nine months of 2017 totaled $3.9 million, or 3.6% of revenue.
  • Unlevered free cash flow was $2.6 million in Q3 2017, compared to $0.2 million in Q3 2016.
  • Cash at September 30, 2017, totaled $2.3 million, compared to $7.2 million at December 31, 2016. During 2017, the Company made $2.4 million in senior debt principal payments, and reduced its revolving credit facility balance by $1.5 million.
  • The Company’s $5.0 million revolving credit facility had an outstanding balance of $1.5 million at September 30, 2017, compared to $3.0 million outstanding at December 31, 2016.
  • Business Services segment revenue grew 38% year-over-year to $29.3 million, over 90% of which was recurring, and grew 10% year-over-year excluding the contribution from last year’s Apptix acquisition
  • Consolidated revenue grew 21% year-over-year to $36.4 million
  • Consolidated gross margin increased approximately 350 basis points to 45.7%, compared to 42.2% in Q3 2016
  • Net loss attributable to common shareholders totaled $(3.9) million, or $(0.18) per share on a basic and diluted basis in Q3 2017, compared to $(3.4) million, or $(0.23) per share on a basic and diluted basis in Q3 2016
    Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) grew 147% year-over-year to $4.2 million, and grew 13% sequentially (see definition and further discussion about the presentation of Adjusted EBITDA, a non-GAAP measurement, below)
    Unlevered Free Cash Flow, defined as Adjusted EBITDA less capital expenditures, was $2.6 million, compared to $0.2 million in Q3 2016
  • New monthly recurring revenue (“MRR”) bookings were approximately $296,000, up 8% year-over-year and up 13% sequentially, while the total contract value in backlog was $13.1 million at September 30, 2017
    Ended the quarter with approximately 13,300 Business Services customers with an average monthly revenue per customer (“ARPU”) of $731, compared to $568 at September 30, 2016
  • Monthly churn was 0.9% at the end of the quarter, compared to 1.1% at the end of Q3 2016
  • Announced the signing of a definitive agreement to acquire the Cloud and Business Services business of Birch Communications Holdings, Inc., and made significant progress toward obtaining the approvals and securing the capital required to complete the deal
  • Completed the formation of Fusion Global Services, a joint venture which combined Fusion’s Carrier Services division with the Carrier Services business of XComIP, LLC

To learn more about Fusion (NasdaqCM: FSNN) and stay abreast of its future developments please visit its Coverage Page at Vista Partners.

Fusion Reports Third Quarter 2017 Financial Results

NEW YORK, Nov. 13, 2017– Fusion, a leading cloud services provider, today announced financial results for the third quarter ended September 30, 2017….

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IBM Upgrades Represent Rapid Advances in Quantum Hardware

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. IBM announced recently two significant quantum processor upgrades for its IBM Q early-access commercial systems. These upgrades represent rapid advances in quantum hardware as IBM continues to drive progress across the entire quantum computing technology stack, with focus on systems, software, applications, and enablement.

The first IBM Q systems available online to clients will have a 20 qubit processor, featuring improvements in superconducting qubit design, connectivity, and packaging. Coherence times (the amount of time available to perform quantum computations) lead the field with an average value of 90 microseconds and allow high-fidelity quantum operations.

IBM has also successfully built and measured an operational prototype 50 qubit processor with similar performance metrics. This new processor expands upon the 20 qubit architecture and will be made available in the next generation IBM Q systems.
Over the next year, IBM Q scientists will continue to work to improve its devices including the quality of qubits, circuit connectivity, and error rates of operations to increase the depth for running quantum algorithms. For example, within six months, the IBM team was able to extend the coherence times for the 20 qubit processor to be twice that of the publicly available 5 and 16 qubit systems on the IBM Q experience.

IBM also continues to grow its robust quantum computing ecosystem, including open-source software tools, applications for near-term systems, and educational and enablement materials for the quantum community. Through the IBM Q experience, over 60,000 users have run over 1.7M quantum experiments and generated over 35 third-party research publications. Users have registered from over 1500 universities, 300 high schools, and 300 private institutions worldwide, many of whom are accessing the IBM Q experience as part of their formal education. This form of open access and open research is critical for accelerated learning and implementation of quantum computing.

To learn more about IBM and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.

IBM Announces Advances to IBM Quantum Systems & Ecosystem

The first IBM Q systems available online to clients will have a 20 qubit processor, featuring improvements in superconducting qubit design, connectivity and packaging. IBM has also successfully built and measured an operational prototype 50 qubit processor with similar performance metrics…

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Boeing (BA) Secures China Contract For 300 Airplanes

Boeing (BA) and the China Aviation Suppliers Holding Company (CASC) signed an agreement for 300 airplanes with a valued list price of $37B.BA) and the China Aviation Suppliers Holding Company (CASC) signed an agreement for 300 airplanes with a valued list price of $37B.

To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing Coverage Page.

News Releases/Statements

Boeing MediaRoom..

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Hey Brother, Would You Take $103B For Qualcomm?

Chip maker Broadcom Ltd has made an unsolicited $103B bid for San Diego based Qualcomm Inc (QCOM).

Broadcom Limited (NASDAQ:AVGO) is a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions. Broadcom Limited’s extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. Applications for our products in these end markets include: data center networking, home connectivity, set-top box, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and electronic displays.

Qualcomm’s (QCOM) technologies powered the smartphone revolution and connected billions of people. They pioneered 3G and 4G – and now they are leading the way to 5G and a new era of intelligent, connected devices. Their products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes their licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of their engineering, research and development functions, and all of their products and services businesses, including, their QCT semiconductor business.

Broadcom reported the following regarding their bid:

-Broadcom Proposal Stands Whether Qualcomm’s Pending Acquisition of NXP is Consummated on the Currently Disclosed Terms of $110 per Share or the NXP Transaction is Terminated

-Broadcom and Qualcomm, Including NXP, Will Have Pro Forma Fiscal 2017 Revenues of Approximately $51 Billion and EBITDA of Approximately $23 Billion, Including Synergies

-Delivers Immediate, Substantial and Compelling Premium for Qualcomm Stockholders

-Silver Lake Partners Provides $5 Billion Convertible Debt Financing Commitment Letter to Support Transaction

Broadcom bids $103 billion for Qualcomm, open to going hostile

Qualcomm said it would review the proposal but the San Diego-based company is inclined to reject the bid as too low and fraught with risk that regulators may reject it or take too long to approve it, people familiar with the matter told Reuters. Broadcom Chief Executive Hock Tan, who turned a small,..

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World’s Largest Plane Maker Boeing (NYSE:BA) Producing 1.5M+ Manufacturing Jobs in America?

Dennis Muilenburg, chairman and CEO of the world’s largest plane maker, Boeing (NYSE: BA) stated, “When you think about our 13,000 small and medium businesses in America that are part of our supply chain and that’s more than 1.5 million manufacturing jobs. So it’s a significant job generator. Every airplane sale overseas generates U.S. jobs. We have 90% of our jobs here in the U.S. and about 80% of what we build is exported. So it’s a great U.S. jobs manufacturing story.”

To learn more about Boeing (NYSE: BA) and tracks its progress please visit the Vista Partners  Company Dedicated Boeing Coverage Page.

Boeing generates over 1.5M US manufacturing jobs

Dennis Muilenburg, chairman and CEO of Boeing – the world’s largest plane maker – told FOX Business that U.S. suppliers have created more than 1.5 million manufacturing jobs in America…

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Cloud Solutions Provider Fusion (FSNN) Q3 2017 Financial Results Conference Call for Monday, Nov. 13

Fusion (FSNN), is a leading provider of integrated cloud solutions to small, medium and large businesses.  Fusion’s advanced, proprietary cloud services platform enables the integration of leading-edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion’s innovative cloud solutions lower their customers’ cost of ownership and deliver new levels of security, flexibility, scalability, and speed of deployment.

Fusion CEO Matthew Rosen and CFO Michael Bauer will host a conference call, followed by a question and answer period on Monday, November 13, 2017 at 4:30 p.m. ET to discuss its results for the third quarter ended September 30, 2017.

To access the call in US dial 1-888-857-6932 or if calling International the dial-in number is  1-913-312-1473. The Conference ID is 2969072.

Fusion Sets Third Quarter 2017 Financial Results Conference Call for Monday, November 13, 2017 at 4:30 p.m. ET

Fusion , a leading provider of cloud services, will hold a conference call on Monday, November 13, 2017 at 4:30 p.m. Eastern time to discuss its results for the third quarter ended September 30, 2017. …..

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Social Media Network Giant Facebook (FB) Q3 Revenues & Profits Surge

Facebook (FB), the social media network giant reported Q3 results Wednesday, November 1. Q3 profit surged a whopping 79% and revenues were up almost 50% seeing marketers increasingly spending money to initiate advertising offerings.

Facebook profit soars, with no sign of impact from Russia scandal

The social network said its quarterly profit soared 79 percent and revenues were up nearly 50 percent in the third quarter as marketers poured money into Facebook’s advertising offerings, whose power to target and influence users has actually been showcased by the election scandal. Chief Executive..

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Fusion Selected to Provide Cloud Communications Solution for FEMA Hurricane Relief Efforts

New York City-based Fusion (FSNN) is a leading provider of integrated cloud solutions to small, medium and large businesses. Fusion’s advanced, proprietary cloud service platform enables the integration of leading-edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion’s innovative, yet proven cloud solutions lower their customers’ cost of ownership, and deliver new levels of security, flexibility, scalability, and speed of deployment.

Fusion recently was selected to provide a complete turnkey contact center solution to support the emergency hurricane relief efforts of an insurance claims adjustment company based in the southeastern U.S. The company specializes in a full range of claims adjustment and catastrophic emergency services, and cited Fusion’s advanced, single source cloud solutions and quick response to its requirement for a 48-hour turnaround for the three year, approximately $100,000 award.

To learn more about Fusion (NasdaqCM: FSNN) and tracks its progress, please visit the Vista Partners Company Dedicated Coverage Page.

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Dow 30 Component 3M (MMM) Beats Q3 Analysts’ Estimates

3M is a global science company that never stops inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, their 90,000 employees connect with customers all around the world. Scientists, researchers and marketers work across countries and across subjects to solve challenges big and small.

A Dow 30 component and Minneapolis, MN based, 3M (MMM) reported Q3 earnings of $2.33 per share, an increase of 8.4% vs. Q3 of 2016. Sales were $8.2B up 6% YOY in dollar terms. Organic local-currency sales increased 6.6% while divestitures reduced sales by 1.2%. Foreign currency translation increased sales by 0.6 % YOY.  Q3 operating income was $2B and operating income margin was 25%, up .3 percentage points YOY.

“Coming off a strong first half, our team delivered an even more robust performance in the third quarter – marked by an eight percent increase in earnings per share, and seven percent organic growth that was positive across all business groups and geographic areas,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “We also expanded margins to 25 percent, while investing for the future and returning significant cash to our shareholders.”

To learn more about 3M (MMM) and track its progress please visit Vista Partners Company Dedicated Coverage Page.

3M Delivers Record Third-Quarter Sales and Earnings per Share; Company Increases Full-Year 2017 Outlook

3M today reported third-quarter earnings of $2.33 per share, an increase of 8.4 percent versus the third quarter of 2016. Sales were $8.2 billion, up 6.0 percent year-on-year in dollar terms…

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