Quarter

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on smartphone

Smartphone apps processor revenue surges in quarter two

The global smartphone applications processor (AP) market once again defied the COVID-19 pandemic and grew 20% in revenue terms to $5.8 billion in quarter two (Q2) of 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.

The research group says that Qualcomm, HiSilicon, Apple, MediaTek, and Samsung LSI captured the top-five revenue share spots in the global smartphone applications processor (AP) market in the quarter. Qualcomm maintained its lead of the smartphone AP market with a 32% revenue share, followed by HiSilicon with 22% and Apple with 19%.

Strategy Analytics estimates that smartphone AP shipments declined 16 percent year-on-year in Q2 2020, driven by COVID-19-led weakness. However, increased mix of higher-priced 5G APs more than offset this weakness and helped the AP market to register 20 percent year-on-year revenue growth.

Smartphone APs with on-device artificial intelligence (AI) registered strong growth even as the total market declined and accounted

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on technology

Samsung expects 58% profit bump in the third quarter

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Samsung got a big boost in operating profit during the third quarter.


James Martin/CNET

The slowdown in tech doesn’t appear to be weighing on Samsung as much as it has in the past.

The company on Wednesday predicted its operating profit for the third quarter would come in around 12.3 trillion won ($10.6 billion), an increase of 58% compared with the year-ago period. It also said its revenue increased by nearly 5% to 66 trillion won ($57 billion).

The quarter represents a rebound of sorts for the Korean electronics giant, which in the year-ago period reported a 56% decline in operating profit.

Samsung didn’t say what impacted its results, but it likely received a boost in demand for its chips as more people are forced to work from

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on technology articles

Resources Connection, Inc. Reports Financial Results for First Quarter Fiscal 2021

Delivered Positive Operating Cash Flow in an August Quarter

Resources Connection, Inc. (Nasdaq: RGP), a multinational business consulting firm operating as Resources Global Professionals (the “Company” or “RGP”), today announced financial results for its fiscal first quarter ended August 29, 2020.

First Quarter Fiscal 2021 Highlights Compared to Prior Fiscal Year First Quarter:

  • Revenue of $147.3 million compared to $172.2 million, or down 14.4%

  • Gross profit of $57.9 million compared to $67.5 million

  • Gross margin improved 10 basis points to 39.3%

  • SG&A of $51.2 million, an improvement of $5.8 million compared to $57.0 million

  • Net income of $2.3 million compared to $4.9 million

  • Diluted earnings per common share of $0.07 compared to $0.15

  • Adjusted diluted earnings per common share of $0.14 compared to $0.18

  • Adjusted EBITDA margin of 6.9%, consistent with prior year quarter

  • Cash provided by operating activities of $18.6 million compared to cash used in operating activities of

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on technology articles

Perion Network Increases Second Half 2020 Financial Guidance and Announces Third Quarter Reporting Date

Improved Outlook Driven by Faster Recovery of Advertising Business;

Company to Announce Third Quarter Financial Results on October 28, 2020

Perion Network Ltd. (NASDAQ: PERI), a global technology company that delivers its Synchronized Digital Branding solution across the three main pillars of digital advertising – ad search, social media and display / video advertising – today increased its revenue and Adjusted EBITDA guidance for the second half of 2020. The improved outlook is driven by a faster recovery of the Company’s advertising business.

“We experienced encouraging trends within our advertising segment during the third quarter which has enhanced our visibility and bolstered our 2020 outlook,” commented Doron Gerstel, Perion’s CEO. “We look forward to announcing our third quarter financial results later this month and providing the investment community a comprehensive update on our operations.”

($M)

H1 2020

Prior Guidance

Revised Guidance

Actual

H2 2020

Full Year 2020

H2 2020

Full

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on technology

ExaGrid Reports Continued Momentum with Strong Quarter Ending Q3-2020

Record number of six-figure deals and release of Version 6.0 with ransomware recovery feature

ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that it hit its plan for the quarter ending September 30, 2020 and added over 100 new customers in the quarter. The results included a record 27 new customers with initial six-figure purchases and one existing customer with a seven-figure purchase.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005031/en/

“Customers have less viable options for backup storage,” said Bill Andrews, CEO and President of ExaGrid. “Low-cost primary storage disk is too expensive for longer-term retention due to the amount of retention copies required. Inline scale-up deduplication appliances, such as Dell EMC Data Domain, are slow for backups and restores due to an inline deduplication process, don’t scale due to a scale-up storage architecture, and are expensive. The market is increasingly seeing

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on technology current events

Micron Technology: Good Quarter, Soft Outlook (NASDAQ:MU)

My coverage on Micron Technology (MU) has been lacking so far in 2020 as the year was and continues to be dominated by Covid-19. In fact, the last update dates back late December as I concluded that a recovery was priced into the shares at $55 at the time.

Shares have fallen by another $10 to $45 due to the impact of Covid-19; yet unlike many semiconductor plays, Micron has not been enjoying the same momentum in its operating business. I like the valuation here, yet am not chasing shares here yet, although I am inclined to buy a further dip.

What Happened?

Over the past decade, Micron has been riding the wave of increased demand for its products for all the obvious reasons and megatrends, which have been underlining the increase in demand. While its business is typically somewhat of a commodity business (certainly in the past) on a

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