Microsoft “Azure’s” Shareholders With Growth

Satya Nadella, chief executive officer of Microsoft stated, “This quarter’s results speak to the differentiated value we are delivering to customers across our productivity solutions and as the hybrid cloud provider of choice. Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth.”

Microsoft further highlighted the following Q2 results:

· Revenue was $28.9 billion and increased 12%

  • Operating income was $8.7 billion and increased 10%
  • GAAP net loss was $(6.3) billion and non-GAAP net income was $7.5 billion
  • GAAP diluted loss per share was $(0.82) and non-GAAP diluted earnings per share was $0.96
  •  GAAP results include a $13.8 billion net charge related to the Tax Cuts and Jobs Act (TCJA)
  • Server products and cloud services revenue increased 18% (up 18% in constant currency) driven by Azure revenue growth of 98% (up 98% in constant currency)

Amy Hood, executive vice president and chief financial officer of Microsoft stated, “We delivered another strong quarter with commercial cloud revenue growing 56% year-over-year to $5.3 billion. Strong execution from our sales teams and partners is driving growth across our businesses.”

To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Pages.

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Craig-Hallum Capital Group Acting as Sole Book-running Manager & B. Riley FBR as Co-Manager for Fusion (FSNN) $30MM Public Offering

Craig-Hallum Capital Group LLC is acting as the sole book-running manager and B. Riley FBR, Inc. is acting as a co-manager for Fusion (FSNN), a leading provider of cloud services, underwritten registered public offering which contemplates to offer and sell approximately $30.0 million of shares of common stock.

The proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-222127) that was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 17, 2018. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the proposed offering have been filed with the SEC and may be obtained by visiting the SEC’s website at www.sec.gov.

In addition, Fusion expects to grant the underwriters a 45-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering to cover over-allotments, if any

Note that pursuant to an amendment to Fusion’s Agreement and Plan of Merger with Birch Communications Holdings, Inc., dated January 25, 2018, any shares sold in this offering, if completed, will not be counted as issued and outstanding for purposes of calculating the number of shares of Fusion common stock to be issued as consideration to the Birch shareholders in connection with the closing of the merger.  As a result, on a post-closing basis, the dilutive effect of this offering will be shared pro rata by current Fusion and Birch shareholders with current Fusion shareholders bearing approximately 25% of the dilution and current Birch shareholders bearing approximately 75% of the dilution from this offering.

Matthew Rosen, New York, NY based Cloud Services Provider Fusion’s (NasdaqCM: FSNN) CEO stated with the release of their Q3 results Novemebr 13, 2017, “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.”

To learn more about Fusion (Nasdaq: FSNN) and to track its progress please visit the Vista Partners Fusion (FSNN) Coverage Page.

FSNN closed Friday’s trading at or $3.48 off of its 52-week high of $4.42 but significantly higher than its 52-week low of $1.11.  FSNN now averages 387,753 shares a day.




3M Beats Street

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.

3M (NYSE: MMM) reported Q4 and full-year 2017 results today. 3M reported $2.10 per share soundly beating market estimates of $2.052 per share.

  • Full-year 2017 GAAP earnings were $7.93 per share, a decrease of 2.8 percent. Excluding the net impact of TCJA, earnings were $9.17 per share, an increase of 12.4 percent versus a year ago, as referenced in the “Supplemental Financial Information Non-GAAP Measures” section.
  • Sales increased 5.1 percent to $31.7 billion and organic local-currency sales increased 5.2 percent. The combination of acquisitions and divestitures decreased sales 0.6 percent. Foreign currency translation increased sales 0.5 percent. Full-year operating income margins were 24.7 percent, up 70 basis points versus 2016.
  • The company’s operating cash flow was $6.2 billion, contributing to the conversion of 100 percent of net income to free cash flow for the year. In addition, 3M generated 21 percent return on invested capital. Refer to the
  • “Supplemental Financial Information Non-GAAP Measures” section. The net impact of the TCJA and the fourth-quarter pension contribution added 3 percentage points to full-year free cash flow conversion while reducing return on invested capital by 3 percentage points.
  • For the full year, 3M paid $2.8 billion in cash dividends to shareholders and repurchased $2.1 billion of its own shares.

To learn more about 3M (MMM) and to track its ongoing progress please visit the Vista Partners Dow 30 Coverage Pages.




Verizon Adds Niddel Corp. Technology To Its Security Portfolio

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers.

Verizon acquired Niddel Corp. to add to its portfolio of managed security detection and response services. Niddel Corp. is a privately held company and offers machine-learning-based automated threat hunting. The company’s technology will soon be integrated into Verizon’s current offerings.

“Using machine learning to improve information accuracy significantly reduces false positives and significantly improves our detection and response capabilities.” – Alexander Schlager, Verizon’s executive director for security services.

To learn more about Verizon Communications, Inc. (VZ) and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Verizon acquires Niddel to add security detection and response capabilities for business customers

Verizon today acquired privately held Niddel Corp., a company offering machine-learning-based automated threat hunting…

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Intel Works to Update and Protect Systems From Security Exploitations

Intel Corporation (INTC) designs, manufactures, and sells integrated digital technology globally & further seeks to expand the boundaries of technology to provide the most amazing experience possible.

Intel along with its partners have developed and made substantial progress in issuing updates for all kinds of Intel-based computer systems that provide immunity from the exploits “Spectre” and “Meltdown”. These updates have been issued as both software patches and firmware updates.

Updates have already been issued for the majority of Intel’s processor products that have been introduced in the last five years. At the end of next week, Intel expects 90 percent of processor products to have updates issued.

Intel encourages its computer users to employ the automatic update functions on their operating systems and software to guarantee their systems are up-to-date.

To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

Intel Issues Updates to Protect Systems From Security Exploits

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Apple (AAPL) Makes a New Buddy?

The Vancouver based buddybuild team announced that they have joined the Xcode engineering group at Apple to build “amazing developer tools for the entire iOS community.”Buddybuild’s website states that it “ties together continuous integration, continuous delivery and an iterative feedback solution into a single, seamless platform. No more cobbling together disparate systems to meet your mobile development needs. With buddybuild, you can focus on what matters most: creating awesome apps.”

The buddybuild team is now part of Apple!

We’re excited to share that the buddybuild team has joined the Xcode engineering group at Apple to build amazing developer tools for the entire iOS community..

www.buddybuild.com

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Cisco Sees Changes In Leadership

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol based networking and other communications technology.

Cisco’s senior vice president of Operations, Rebecca Jacoby, will be retiring effective January 27, 2018 after and impressive career of 22 years at Cisco. She will continue as an advisor until the end of May 2018. Irving Tan, the Cisco Senior Vice President of Asia Pacific and Japan will become the senior vice president of Operations and Digital, a newly created role. Tan’s responsibility will be to lead Cisco’s digital transformation.

Chris Dedicoat, executive vice president of Worldwide Sales and Field Operations at Cisco will leave his position at the end of Cisco’s current fiscal year on July 28, 2018. Dedicoat will transition into a senior advisor for the Chairman and CEO.

To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.

Cisco Announces Leadership Changes

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Intel Announces First FPGA With Integrated High Bandwidth Memory

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible. Intel designs, manufactures, and sells integrated digital technology globally.

Intel has now made available the Intel Stratix 10 MX FPGA, which is the industry’s first field programmable gate array with integrated High Bandwith Memory Dram. The integration of this allows up to 10 times more memory bandwith in comparison to the DDR memory solutions. The Intel Stratix 10 MX FPGA new capabilities make it the ideal multi-function accelerator for HPC, network functions virtualization, data centers, and broadcast applications.

To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

Intel Unveils Industry?s First FPGA Integrated with High Bandwidth Memory Built for Acceleration

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Cisco Announces its Quarterly Cash Dividend

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol based networking and other communications technology.

Cisco announced their quarterly dividend of $0.29 per common share. Shareholders as of the close of January 5, 2018 will be paid January 24, 2018.

The company’s previous quarterly dividend was also $0.29 per common share and was paid October 25, 2017.

To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.

Cisco Declares Quarterly Cash Dividend

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UnitedHealth Group’s Health Services Business Creates Optum Ventures, a $250M Venture Fund

UnitedHealth Group (UNH)’s Optum health services business announced recently the creation of Optum Ventures, a $250M venture fund focused on investing in startup and early-stage companies whose innovations will help advance the health care system.

Optum is a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. With more than 133,000 people worldwide, Optum delivers intelligent, integrated solutions that help to modernize the health system and improve overall population health. Optum is part of UnitedHealth Group (UNH).

Optum Ventures specifically invests in digital health companies that use data and insights to help improve consumers’ access to health care services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate.

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

Optum Announces $250 Million Fund to Invest in Next Generation of Health Care Innovation

Optum, the health services business of UnitedHealth Group , announced today the creation of Optum Ventures, a $250 million venture fund focused on investing in startup and early-stage companies whose innovations will help advance the health care system…

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