In its recently reported fourth-quarter results, Zoom Video Communications Inc. put up strong numbers, beating revenue expectations by $17 million and operating income by $32 million.
Looking ahead to fiscal year 2025, Zoom management projected revenue of about $4.6 billion, representing revenue growth of 1.6%, in line with Wall Street expectations.
The shift toward hybrid work is more than a trend; it transforms how we view and value the workplace. Employers and employees alike are navigating this new terrain, balancing the appeal of in-person collaboration with the autonomy of remote work. Despite the positives, there is a notable gap between employee expectations for the office environment to support hybrid workspaces and the current state of office readiness.
VMware Inc. announced several product updates to its networking and security products at Mobile World Congress 2024 in Barcelona, in the first major update for the company since Broadcom Inc. acquired it. Before the event, I had a preview of the developments with Abe Ankumah, head of SASE/SD-WAN, and Padma Sudarsan, the chief of architecture for telco, both leaders in Broadcom’s software-defined edge division.
When Tarun Loomba became chief executive of Mitel Networks Inc. in 2021, the company made an interesting pivot. While the entire communications industry has been shifting to a software-as-a-service-based model, leveraging the public cloud, Mitel took a step back, looked at its strengths and the market, and decided to dedicate itself to serving customers via private or hybrid clouds.
Softbank Group Corp.-backed Cohesity Inc. today boldly announced its intent to acquire the Veritas Technologies LLC‘s data protection business for $3 billion. The purchase will be funded one-third with equity, and the other two-thirds will be debt-financed through Haveli Investments, Premji Invest and Madrona Venture Group.