Category Archives: Cloud Hosting
Data Storage Corporation Selected to Provide Cyber Security Solutions for One of the Nations Leading Sports and Entertainment Companies – Yahoo…
Data Storage Corp.
MELVILLE, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (DSC and the Company), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT services, today announces it has been selected to provide cyber security solutions for implementation into one of the nations leading sports and entertainment companies security systems.
We are honored to have been chosen by this large and nationally recognized client to provide a variety of services and solutions to address their cyber security needs, commented Tom Kempster, president of Data Storage Corporations Flagship subsidiary. In particular, our cyber security solution incorporates powerful AI technology with threat intelligence to protect the customers infrastructures and accelerate incident response capabilities. This is an expansion of our existing relationship with the customer, which we believe validates the quality and reliability of our offerings, as well as our ability to cross-sell services across our product lines. We look forward to future technology modernizations with this client over time.
About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) is a family of fully integrated cloud-hosting, disaster-recovery, cyber security, and voice & data companies, built around technical asset investments in multiple regions, providing services to a broad range of domestic and global customers, including Fortune 500 clients, across a wide range of industries, such as government, education, and healthcare, with a focus on the rapidly growing, multi-billion-dollar business continuity market. A stable and emerging growth leader in cloud infrastructure support, DTST companies operate regional data center facilities across North America, sustainably servicing clients via recurring subscription agreements. Additional information about the Company is available at:www.dtst.comand on Twitter (@DataStorageCorp).
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Safe Harbor Provision
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words believes, expects, anticipates, intends, projects, estimates, plans and similar expressions or future or conditional verbs such as will, should, would, may and could are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Companys Annual Report on Form 10-K for the year ended December 31, 2022, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.
Contact:Crescendo Communications, LLC212-671-1020DTST@crescendo-ir.com
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Data Storage Corporation Selected to Provide Cyber Security Solutions for One of the Nations Leading Sports and Entertainment Companies - Yahoo...
Is It Too Late to Buy Fortinet Stock? – The Motley Fool
Fortinet's (FTNT -1.16%) stock dropped 12% on Nov. 3 after the cybersecurity specialist posted a mixed third-quarter report. Its revenue rose 16% year over year to $1.33 billion but missed analysts' estimates by $20 million. Its adjusted earnings grew 24% to $0.41 per share and cleared the consensus forecast by $0.05 per share.
Fortinet's headline numbers weren't terrible, but the company rattled shareholders with a big reduction in its full-year guidance. Does that warning indicate it's too late to buy Fortinet's stock?
Image source: Getty Images.
Fortinet's core product is a "security fabric" that weaves together end-to-end cybersecurity tools for on-premise, cloud-based, and Internet of Things (IoT) connections through a mix of appliances and cloud services. The company differentiates itself from its competitors by developing its own ASIC chips that are customized for its hardware and FortiOS operating system.
Fortinet claims those chips give it an edge against cybersecurity companies that use off-the-shelf chips. It also expects the gradual convergence of the cybersecurity, networking, and hybrid cloud markets to drive its long-term growth.
Fortinet seemed to be on track over the past decade. Between 2012 and 2022, revenue rose at a compound annual growth rate (CAGR) of 24% as billings increased at a CAGR of 25%. A $1,000 investment in Fortinet's stock at the start of 2012 would have grown to more than $11,000 by the end of 2022.
But after its latest post-earnings plunge, Fortinet stock has only eked out a year-to-date gain of 3%. The reason for that lackluster growth is simple: It reduced its full-year revenue and billings guidance in both the second and third quarters of the year.
Metric
2022 (Actual)
2023 Outlook (Q1 2023)
2023 Outlook (Q2 2023)
2023 Outlook (Q3 2023)
Revenue growth
32%
23%-24%
21%-23%
19%-21%
Billings growth
34%
21%-22%
16%-18%
9%-12%
Data source: Fortinet.
Fortinet blamed that slowdown on macro headwinds, which made it harder to gain new customers and secure longer contracts. However, many of Fortinet's peers -- including Palo Alto Networks (NASDAQ: PANW) and CrowdStrike (NASDAQ: CRWD) -- didn't repeatedly reduce their full-year guidance over the past few quarters.
Indeed, Palo Alto expects its revenue to rise 18% to 19% and for its billings to grow 19% to 20% in fiscal 2024 (which ends next July). CrowdStrike sees its revenue increasing 35% to 36% in fiscal 2024 (which ends next January).
Fortinet's sharper-than-expected slowdown suggests the company is underestimating its near-term challenges while overestimating its growth potential. This also indicates it's struggling to keep up with competitors.
In the second quarter, Fortinet doused hopes for a quick recovery by predicting billings growth would stay in the "high teens" through the end of 2024. In the third quarter, it lowered that forecast again to a "double digit" billings increase.
Fortinet also previously set a long-term goal of generating $8 billion in revenue and $10 billion in billings by 2025. To reach that target now, the company would need to grow revenue and billing at a CAGR of 22% and 21%, respectively, from 2022 to 2025. The company notably didn't reiterate those goals during its second- and third-quarter conference calls.
Fortinet's top-line growth might remain sluggish in this challenging market, but it still raised its full-year forecasts for its adjusted gross margin, adjusted operating margin, and adjusted EPS growth for the second consecutive quarter.
Metric
2022 (Actual)
2023 Outlook (Q1 2023)
2023 Outlook (Q2 2023)
2023 Outlook (Q3 2023)
Adjusted gross margin
76.3%
75%-76%
75.25%-76.25%
76%-77%
Adjusted operating margin
27.3%
25%-26%
25.25%-26.25%
26.5%-27.5%
Adjusted EPS growth
49%
21%-24%
25%-29%
29%-31%
Data source: Fortinet.
The company attributed that expansion to a mix of higher-margin subscriptions and cost-cutting measures, which offset its higher cloud hosting costs. Fortinet expects gross margins to be compressed by elevated product inventories across its hardware business in 2024, but it plans to rein in its spending to offset some of that pressure. The company also reiterated its long-term outlook for maintaining adjusted operating margins of "25% or greater."
Fortinet stock trades at 33 times forward earnings, but that multiple might decline if its higher-than-expected EPS guidance for 2023 drives analysts to raise their earnings estimates for 2024.
But even if that doesn't happen, Fortinet still looks cheap relative to its industry peers. Palo Alto and CrowdStrike trade at 47 and 51 times forward earnings, respectively.
Therefore, it still isn't too late to buy Fortinet as a long-term play on the cybersecurity market. That said, I wouldn't rush to buy Fortinet's stock right now as its top-line growth cools. I'd stick with Palo Alto and CrowdStrike as my preferred cybersecurity plays while keeping an eye out for Fortinet's eventual recovery.
Leo Sun has positions in CrowdStrike and Palo Alto Networks. The Motley Fool has positions in and recommends CrowdStrike, Fortinet, and Palo Alto Networks. The Motley Fool has a disclosure policy.
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Is It Too Late to Buy Fortinet Stock? - The Motley Fool
Digital DEWA’s Moro Hub and SAP announce intention to host … – American Journal of Transportation
Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), announced a potential collaboration with SAP, a global leader in cloud computing. This partnership aims to bring SAP's public cloud services to the world's largest solar-powered Green Data Centre of Moro, situated at the Mohammed bin Rashid Al Maktoum Solar Park. This groundbreaking step opens doors for both public and private sector organisations in the UAE to reduce their environmental footprint by leveraging SAP's cloud solutions that will be hosted by Moro.
The announcement was made at Dubai Business Forum 2023, organised by Dubai Chambers.
We work in line with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to promote the adoption of sustainable computing technologies in the United Arab Emirates. DEWA Digital's endeavours align with the UAEs role as the host for the twenty-eighth session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). Our operations are firmly rooted in the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050, to provide 100% of Dubais energy production capacity from clean energy sources by 2050. This will lead the way in incorporating sustainable practices, with innovative line of sustainable digital solutions. With the potential integration of SAP's public cloud offering into Moro Hub's zero-carbon data centre in Dubai, both public and private sector entities in the UAE stand to unlock opportunities for minimizing their environmental impact and contributing to a sustainable future. This strategic move aligns seamlessly with the UAEs commitment to sustainable development and underscores the important role of technology in driving this agenda forward, said HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA).
Sergio Maccotta, Senior Vice President of SAP Middle East and Africa South, expressed optimism regarding the potential hosting of SAP's public cloud in Moro's carbon-neutral data centre, adding that this reflects SAP's increase of investment in the UAE. As host of COP28 and a key player in global sustainability initiatives, the UAE is widely recognized for its commitment to digitalization and sustainability. Moro Hubs data centre uses 100% renewable energy and working together would enable organizations across the Emirates to develop and enhance their operations with the latest SAP environmentally focused solutions. SAP, Digital DEWA and Moro Hub believe that focusing on sustainability offers an opportunity for companies to become more efficient by enhancing current operations and unlocking potential through new business models.
Moro Hub's solar-powered data centre reflects our sustainability and digital transformation pioneering journey. By leveraging our advanced infrastructure in conjunction with SAP's cloud-based solutions, businesses can now embark on a transformative drive towards responsible growth and operational excellence. This association between Moro Hub and SAP if implemented will revolutionise digital advancement and sustainability in the UAE," said Marwan Bin Haidar - Vice Chairman and Group CEO of Digital DEWA.
Moro Hubs Guinness certified green data centre launched earlier this year, is the worlds largest solar-powered data centre. The Uptime TIER III-Certified data centre uses 100 percent renewable energy, with a capacity exceeding 100 megawatts (MW).
The strategic partnership between DEWA and SAP started in 2009 when DEWA implemented SAP Wave 1 for Enterprise Resource Planning (ERP) system to measure, integrate, and automate all DEWAs processes to provide high levels of service to its customers, employees, and partners. The relations later extended to DEWAs implementation of advanced SAP waves, and SAPs cooperation with Moro Hub. Since 2018, Moro Hub became an Authorized Cloud provider for SAP HEC, referred to today as S4/HANA Cloud. In 2022, Moro Hub was certified by SAP as a RISE partner the first local provider to be certified in UAE - to offer in-country, cloud-based, highly secure SAP services.
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Digital DEWA's Moro Hub and SAP announce intention to host ... - American Journal of Transportation
Hackathon bridges data gaps on climate change and migration – CloudTech News
The International Organization for Migration (IOM) has hosted the first hackathon on Bridging Climate Change and Human Mobility, in collaboration with the data cloud company Snowflake, to provide insights on the intersection of environmental factors with migration management and policymaking in the East and Horn of Africa (EHoA).
The two-part hackathon brought together participants in London (October 6-7) and Nairobi (October 23-26) to explore data-driven solutions and improve understanding of the complex relationship between climate change, disasters, environmental degradation, and human mobility in the region.
The initiative brought together 50 participants from various sectors including the tech industry and academia such as Microsoft, the University of Liverpool, the London School of Economics and the Addis Ababa University who work in areas critical to addressing climate migration in the EHoA region.
We are thrilled to host this hackathon and, with Snowflakes help, transform ideas into action, while harnessing the potential of data to address climate change and mobility challenges, said Laura Nistri, IOMs displacement tracking matrix global coordinator at the events kick-off. Human mobility must be integrated into national climate adaptation plans.
Participants in Nairobi presented different analytic approaches tested on 70 different datasets to explore the feasibility of modeling the links between different drivers of mobility in the region. In addition, participants explored the use of new technologies, including telecom data and machine learning for analysing migration flows and identifying new indicators.
Djibouti, Eritrea, Ethiopia, Kenya and Somalia continue to experience the longest and most severe drought in over 40 years, putting a strain on livelihoods, rain-fed agriculture, ecosystem services and peoples resilience as well as increasing forced migration and related vulnerabilities. As of June 2023, 3 million people are internally displaced due to drought across these countries, with an estimated 6.6million internally displaced people living in drought-affected areas.
Fawad Qureshi, global industry field CTO, Snowflake, said: Together with IOM, and with the power of modern cloud data platforms, we can use deep data insights to rapidly create a more accurate picture of the impact of climate change on migration.
We are experiencing a world that is undergoing seismic climate changes, and IOMs hackathon is a springboard to better understand its impact on migration trends, and finding solutions that can positively impact lives.
Following the event, IOM and Snowflake will produce a comprehensive report and white paper synthesizing the results, to be published in the lead-up to COP28.
Want to learn more about cybersecurity and the cloud from industry leaders? Check outCyber Security & Cloud Expotaking place in Amsterdam, California, and London.Explore other upcoming enterprise technology events and webinars powered by TechForgehere.
Tags: Africa, climate change, hackathon
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Hackathon bridges data gaps on climate change and migration - CloudTech News
Multi-Cloud vs Single-Cloud Strategy: Pros and Cons – Analytics Insight
What are the advantages and disadvantages of using a Multi-cloud or a Single-cloud strategy?WHAT IS MULTI-CLOUD ENVIRONMENT?
A cloud computing technique known as multi-cloud involves a business using several cloud service providers to suit its IT requirements. Instead of depending on a single cloud provider, the company uses several cloud platforms to split up its workloads and resources. By using this strategy, companies may benefit from the advantages and features provided by several cloud service providers, building an architecture that is more adaptable and diverse.
One well-known business that employs a multi-cloud strategy is Netflix. Utilizing a variety of cloud service providers, such as Google Cloud Platform (GCP) and Amazon Web Services (AWS), they spread out their workloads to increase redundancy and resilience. With this strategy, Netflix can minimize the chance of outages while providing millions of consumers with flawless streaming services.
1. The flexibility that multi-cloud setups offer is one of its main advantages. Through the utilization of many cloud platforms, enterprises can select the most appropriate services for every individual application or task. This flexibility also lessens the possibility of vendor lock-in as companies may split their workloads among many suppliers, avoiding reliance on just one.
2. Organizations may minimize expenses through multi-cloud setups by taking advantage of the competitive pricing models offered by various cloud providers. Companies may take advantage of the different price structures, discounts, and specialized products offered among providers by choosing affordable choices for particular workloads.
3. Business continuity is improved by multi-cloud configurations because they enable redundancy across several providers. The workload may be easily moved to another cloud service provider in the event of an outage or disruption to reduce downtime and guarantee ongoing service availability.
4. Using a multi-cloud strategy adds complexity to the management of several providers, the integration of various technologies, and the maintenance of uniform security and compliance protocols. It calls for an experienced IT staff with the ability to efficiently coordinate and manage workloads across several clouds.
A single cloud service provider hosts and manages all of an organizations IT workloads and resources under the single-cloud cloud computing model. The firm centralizes its cloud infrastructure and services inside the ecosystem of a single provider, as opposed to using several cloud platforms.
One business that mostly runs in a single-cloud environment is Pinterest. To host their platform and accommodate their expanding user base, they are dependent only on AWS as their cloud provider. As a result, Pinterest can concentrate on making the most of AWSs capabilities and simplifying the administration of its infrastructure under a single cloud environment.
1. Compared to managing multiple clouds, deploying apps and expanding resources in a single-cloud system is frequently easier. By using the cloud providers scalability, businesses may quickly allocate resources to meet their needs.
2. An important worry with single-cloud setups is the possibility of vendor lock-in. Businesses that depend on a single provider may find it difficult to move their workloads to another cloud platform because of compatibility problems, data transfer fees, and proprietary technology.
3. Organizations using a single-cloud configuration are reliant on the dependability and efficiency of that one cloud provider. Extended periods of unavailability may arise from service outages or downtime experienced by the supplier, which might affect company operations.
4. Businesses have a single platform to manage their workloads in a single-cloud environment. It makes integration easier, less difficult and allows for more efficient security, governance, and monitoring procedures. The IT staff may concentrate on learning the features and tools of a single cloud provider.
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Multi-Cloud vs Single-Cloud Strategy: Pros and Cons - Analytics Insight
Cloud concentration a top emerging risk for organizations: Gartner – Reinsurance News
Cloud concentration has become a significant emerging risk for many organisations, according to a recent survey by Gartner, Inc.
The Gartner 3Q23 Emerging Risk Report surveyed 294 risk executives about their views on emerging risk or over-the-horizon risks.
It found that the risk associated with dependence on a particular cloud provider for multiple business capabilities is in the top five emerging risks for organisations for the second consecutive quarter.
The risk associated with cloud concentration is fast losing its emerging status as it is becoming a widely recognized risk for most enterprises, said Ran Xu, director, research in the Gartner Legal Risk & Compliance Practice. Many organizations are now in a position where they would face severe disruption in the event of the failure of a single provider.
Third party viability and mass generative artificial intelligence availability also made the top five for a second consecutive quarter as well, with third-party viability topping the list on both occasions.
Xu commented: Third-party viabilitys continued position reflects ongoing shifts in supply chain networks, uneven inflationary effects and continued labor pressures stoking fears that third-parties may become insolvent.
Mass generative AI availability is concerning risk leaders because almost everyone now has easy access to AI models with nascent (or non-existent) guidelines in place.
According to the report, cloud concentration risk has come about because many organizations have opted to focus their IT efforts on a handful of strategic providers in order to reduce IT complexity, and therefore also risk, cost and skill requirements.
Where organizations have chosen to go the route of hosting their IT services in public clouds, there arent many obvious ways to avoid concentration risk while keeping the benefits of cloud services, said Xu. Moreover, regulations at the country and subnational level diverge on concentration risk, anti-competition, data sovereignty and privacy rules pertaining to cloud services further complicating the picture.
The three main potential consequences of this risk, according to Gartner experts, include wide incident Blast Radius, high vendor dependence and regulatory compliance failures.
With the first issue, the more applications (and business processes) depend on a particular cloud provider, the greater the potential breadth of impact of a cloud service issue, which may heighten business continuity concerns.
Analysts note that, with concentrated dependency on a particular vendor can reduce future technology options and allow vendors to exert significant influence over the organizations technology future.
Finally, Garner warns that organizations may be unable to meet regulatory demands to address concentration risk across different regulatory bodies, which may have different approaches to concentration risk.
Currently, if the benefits of public cloud use are considered strategically important to a business, there are not many obvious solutions to remove the risk altogether, said Xu.
He concludes: Thats why it is especially important that businesses have a well-considered continuity plan to put into action should they face any major cloud service issues.
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Cloud concentration a top emerging risk for organizations: Gartner - Reinsurance News
ONUG Fall 2023: A Resounding Success with 1,500 Attendees … – PR Newswire
BOSTON, Nov. 7, 2023 /PRNewswire/ -- ONUG, the leading advocate for the Global 2000 community, concluded its ONUG Fall 2023 conference, a milestone event that took place October 24-25 in the backdrop of New York City.
ONUG Fall was a remarkable gathering that centered around the critical mission of forging trusted enterprise cloud infrastructure through the convergence of networking and security technology, markets and operational teams.
The event saw a remarkable turnout, drawing in nearly 800 ONUG Community members to the live event and another 700 on the digital platform. Attendees came from some of the largest enterprises such as FedEx, GSK, EY, Bank of America, Morgan Stanley, Raytheon Technologies, and many others. ONUG Fall was an intersection of thought leadership, showcasing the synergy of industry leaders committed to shaping the future.
Over 35 prominent IT suppliers were featured at the conference, each presenting solutions and conducting proof-of-concept demonstrations aimed at resolving the challenges faced by enterprises deploying applications in vast, hybrid multi-cloud environments. This hands-on approach allowed attendees to explore cutting-edge solutions and gain valuable insights into real-world implementations.
In one of the opening keynotes, ONUG Fall host GSK presented its approach to "dynamic edge segmentation" in the OT and IT integration space. This concept is at the forefront of today's enterprise transformation areas, demonstrating how the integration of operational technology (OT) with information technology (IT) can be dynamically managed to enhance security and efficiency.
ONUG Fall also played host to the inaugural Cybersecurity Space Jam, an educational initiative geared towards assessing and enhancing the skills and knowledge of Security Operations Center (SOC) and cybersecurity practitioners. This event also served to underscore the advantages of adopting ONUG's open-source Cloud Security Notification Framework (CSNF).
Furthermore, the Private 5G Event at ONUG Fall paved the way for exploring new opportunities, business cases, and market drivers in the realm of Private 5G, emphasizing the importance of evolving networking technologies.
As we look ahead to 2024, ONUG will sharpen its focus on three pivotal themes:
The ONUG Conference lineup for 2024 includes:
ONUG remains committed to fostering innovation, collaboration, and the continuous evolution of the IT landscape, and we invite all members of the community to join us in shaping the future.
Registration for the upcoming ONUG Spring 2024 is now open.
About ONUGONUG is the only organization composed of senior-level IT executives from the Global 2000 that represent the interests and initiatives of the Enterprise Community. Through its global event series, working groups, training academies and webinars, ONUG plays a central role in the creation of new and improved tools to develop, manage and secure the digital enterprise.The ONUG Community is made up of IT leaders from Bank of America, Raytheon Technologies, Cigna, Citigroup, Credit Suisse, eBay, FedEx, Fidelity Investments, Gap Inc., GE, Intuit, JP Morgan Chase, Kaiser Permanente, Morgan Stanley, Pfizer, State Street Bank, TD Ameritrade, UBS, Oath, and hundreds more. For more on ONUG, go to onug.net or follow on Twitter @ONUG.
SOURCE ONUG
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ONUG Fall 2023: A Resounding Success with 1,500 Attendees ... - PR Newswire
Juniper Networks set to accelerate adoption of AI-driven wired … – iTWire
AI-driven networks provider Juniper Networks has announced that its wireless access, wired access, NAC, indoor location services and SD-WAN solutions, all driven by MistAI, will have a cloud instance that is optimised for businesses that prefer a cloud instance in Australia.
Juniper says that across ANZ, its customers and partners have benefitted from a cloud-native architecture, including microservices agility, resiliency and elastic scale - however, for businesses and government entities in Australia, the need to validate data storage locations have become increasingly crucial due to data privacy and cybersecurity concerns.
With the launch of Juniper Australias cloud instance, Juniper can now provide more secure, resilient, and automated AI-driven cloud services. This offering supports digital transformation initiatives while ensuring that the Australian cloud instance meets customers' specific needs, notes Juniper.
Juniper lists key benefits as:
The Juniper Mist solutions deliver unsurpassed automation, insight and assurance for simplified operator experiences and exceptional user experiences. The entire Juniper campus and branch portfolio is managed via a unified Mist cloud and AI engine for assured client-to-cloud experiences across the wired, wireless and WAN domains. Proactive actions and self-driving network operations avoid problems before they arise, eliminating over 90 percent of inbound network trouble tickets in some instances, notes Juniper.
Im excited that we will be rolling out a cloud instance in the ANZ region to further expand the reach of our AI-driven Enterprise solutions across the market. We have seen strong growth and momentum across our Enterprise business in the ANZ region, and we look forward to helping more customers achieve their business goals with this new offering, says Bruce Bennie, Regional Vice President, Australia & New Zealand, Juniper Networks.
By introducing data hosted cloud services in the Australian region, Juniper Mist will be able to accelerate our vision to help customers transform their IT operations and deliver amazing experiences for their end users. While many businesses have already embraced Juniper AI-driven enterprise solutions, the new Australian cloud instance will enable more businesses, such as government entities, to take advantage of the innovation that Mist AI brings, says Zohar Cohen, Vice President, AI-Driven Enterprise Sales, APAC at Juniper Networks.
Our government and enterprise customers are looking to embrace a modern cloud-native and AI-driven platform to boost outcomes but prefer a cloud instance in Australia to meet the requirements in the Australian market. With the Juniper Mist cloud, were able to migrate our customers to the network of the next decade and boost customer outcomes, commented Michael van Rooyen, Chief Technology Officer at Orro Group.
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Juniper Networks set to accelerate adoption of AI-driven wired ... - iTWire
Comscore Reports Third Quarter 2023 Results – comScore
Comscore Reports Third Quarter 2023 Results
RESTON, Va., November 6, 2023 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today reported financial results for the quarter ended September 30, 2023.
Q3 2023 Financial Highlights
"Despite challenging end-markets that impacted revenue in the quarter, we delivered double-digit growth in local TV, more than 20% growth in Activation and Comscore Campaign Ratings, and a significant increase in profitability and adjusted EBITDA. As we close out 2023 and look to 2024, we will continue to leverage Comscore's complete view of audiences across platforms to deliver value for our clients and shareholders," said Jon Carpenter, CEO of Comscore.
Third Quarter Summary Results Revenue in the third quarter was $91.0 million, down 1.9% from $92.8 million in Q3 2022. Digital Ad Solutions revenue declined 3.6% from Q3 2022, primarily due to the timing of deliverables for certain custom digital products and lower revenue from our syndicated digital products, partially offset by increased usage of our Activation product and growth in Comscore Campaign Ratings (CCR). On a combined basis, Activation and CCR delivered growth rates of 23% for the quarter and 26% year to date compared to 2022. Cross Platform Solutions revenue was up 0.2% from Q3 2022, driven by continued double-digit growth in local TV revenue, offset by lower national TV revenue. Movies revenue was flat compared to the prior year quarter.
Our core operating expenses, which include cost of revenues, sales and marketing, research and development and general and administrative expenses, were $86.3 million, a decrease of 4.5% compared to $90.4 million in Q3 2022. The primary driver of the decline was employee compensation, which decreased from ongoing restructuring efforts and a higher amount of capitalization related to internally developed software as we increased our focus on product infrastructure and innovation in 2023. We also abandoned two office spaces during the quarter, which resulted in a non-cash impairment charge of $1.5 million.
Net income was $2.6 million in Q3 2023, compared to net loss of $52.4 million in Q3 2022, resulting in net income (loss) margins of 2.9% and (56.5)% of revenue, respectively. After accounting for dividends on our convertible preferred stock, loss per share attributable to common shares was $(0.02) and $(0.60) for Q3 2023 and Q3 2022, respectively.
Non-GAAP adjusted EBITDA for the quarter was $13.4 million, compared to $11.7 million in Q3 2022, resulting in adjusted EBITDA margins of 14.7% and 12.6%, respectively. Excluding the impact of foreign currency transactions, FX adjusted EBITDA for the quarter was $12.3 million, compared to $8.9 million in Q3 2022. Adjusted EBITDA and adjusted EBITDA margin exclude stock-based compensation, amortization of cloud-computing implementation costs, restructuring costs, change in fair value of contingent consideration and warrants liability, impairment of goodwill, impairment of right-of-use and long-lived assets, transformation costs (added in Q3 2023 and applied to prior periods), and other items as presented in the accompanying tables. FX adjusted EBITDA excludes these items as well as gain/loss from foreign currency transactions.
Balance Sheet and LiquidityAs of September 30, 2023, cash, cash equivalents and restricted cash totaled $30.3 million. Total debt principal, including $16.0 million in outstanding borrowings under our senior secured revolving credit agreement, was $21.0 million.
2023 OutlookBased on current trends and expectations, we believe full-year 2023 revenue will be flat to down 1% compared to 2022 and are reaffirming our guidance for an adjusted EBITDA margin in the double digits.
We do not provide GAAP net income (loss) or net income (loss) margin on a forward-looking basis because we are unable to predict with reasonable certainty our future stock-based compensation expense, fair value adjustments, variable interest expense, litigation and restructuring expense and any unusual gains or losses without unreasonable effort. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. For this reason, we are unable without unreasonable effort to provide a reconciliation of adjusted EBITDA or adjusted EBITDA margin to the most directly comparable GAAP measures, GAAP net income (loss) and net income (loss) margin, on a forward-looking basis.
Conference Call Information for Today, Monday, November 6, 2023 at 5:00 p.m. ETManagement will host a conference call to discuss the results on Monday, November 6, 2023 at 5:00 p.m. ET. The live audio webcast along with supplemental information will be accessible at ir.comscore.com/events-presentations. Participants can obtain dial-in information by registering for the call at the same web address and are advised to register in advance of the call to avoid delays. Following the conference call, a replay will be available via webcast at ir.comscore.com/events-presentations.
About ComscoreComscore is a global, trusted partner for planning, transacting and evaluating media across platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore empowers media buyers and sellers to quantify their multiscreen behavior and make meaningful business decisions with confidence. A proven leader in measuring digital and TV audiences and advertising at scale, Comscore is the industry's emerging, third-party source for reliable and comprehensive cross-platform measurement.
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Q3 2023 Earnings Report.pdf
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Comscore Reports Third Quarter 2023 Results - comScore
Rocky Linux vs. AlmaLinux: Which is better? – TechTarget
Red Hat's replacement of CentOS with CentOS Stream has upset companies that depend on Linux as their server OS.
CentOS Stream is a rolling release OS, which means it isn't ideal from a reliability standpoint as it does not have a fixed update release schedule. However, shortly after Red Hat declared the discontinuation of CentOS, two similar distributions were announced: Rocky Linux and AlmaLinux. These two distributions have become popular among CentOS users.
Rocky Linux and AlmaLinux have similar use cases and support the same architectures. However, Rocky Linux is a 1-to-1 binary to RHEL while AlmaLinux is Application Binary Interface-compatible with RHEL. Both distributions also have a difference in funding. Compare these newer distributions to decide which OS is best for your company.
IBM acquired Red Hat in 2019. In June 2023, Red Hat/IBM decided to make the source for RHEL private, which makes it a challenge for Rocky Linux and AlmaLinux to remain 1-to-1 compatible with RHEL. To this end, both distributions have taken different paths.
Gregory Kurtzer is the creator of CentOS and Rocky Linux. Starting with CentOS, Kurtzer's goal was to create a free Linux distribution that is 1-to-1 binary compatible with RHEL. He created Rocky Linux to pick up where CentOS left off.
Rocky Linux has opted to retain the 1-to-1 compatibility by way of public cloud instances and Universal Base Images that are based on RHEL.
AlmaLinux is the product of CloudLinux. AlmaLinux is community-driven and focused primarily as an enterprise-grade Linux distribution. Like Rocky Linux, the goal of AlmaLinux is to remain 1-to-1 binary compatible with RHEL.
However, AlmaLinux has opted to drop its goal to remain 1-to-1 binary compatible with RHEL. Instead, AlmaLinux's new goal is to be Application Binary Interface-compatible with RHEL. To accomplish this, AlmaLinux plans to use CentOS Stream source code that Red Hat continues to make available.
On the surface, Rocky Linux and AlmaLinux are similar. Their lifecycle is 10 years, they're targeted as production-grade, enterprise OSes, support is around eight years for each and updates are regular -- with a one-business-day lag from RHEL.
Both distributions use the Red-hat Package Manager and Dandified Yum package manager. Managing applications in Rocky Linux or AlmaLinux is similar to RHEL. These distributions also use firewalld, iptables and SELinux as their primary security mechanisms.
Another similarity is that Rocky Linux and AlmaLinux support the same architectures: x86_ 64, aarch64, ppc64le and s390x.
Both distributions include the following repositories, enabled by default:
For installations with a GUI, Rocky Linux and AlmaLinux default to the GNU Network Object Model Environment.
AlmaLinux and Rocky Linux share similar uses. Both work for enterprise-grade servers, such as web and database servers. They are also similar to container and cloud deployments. Rocky Linux and AlmaLinux are suited to take on any use case RHEL would be used for.
The differences between Rocky Linux and AlmaLinux aren't easy to spot, which is a product of both distributions being based on RHEL.
One difference is found within the realm of security. Rocky Linux uses Network Time Protocol and Secure Boot, while AlmaLinux focuses on the Center for Internet Security Benchmark.
Beyond that, funding is different for each distribution and could be the deciding factor for a company to choose one over the other.
AlmaLinux is driven by a nonprofit. CloudLinux and other sponsors, like WebPros and Black Host, grant AlmaLinux a $1 million annual sponsorship to guarantee the distribution will continue and always be free. Cloud Linux has been around since 2009. This set amount of funding per year and longevity of CloudLinux assures users that AlmaLinux will always have funding for updates.
Rocky Linux is community driven. In 2022, Ctrl IQ (CIQ), the founding sponsor and service provider of Rocky Linux, gave $26 million in funds to the distribution. This is a one-time fund to Rocky Linux, which means more funds are needed in the future. CIQ was founded in 2020. Rocky Linux prospects might be deterred from the distribution if they do not want to take a chance with a newer company sponsoring Rocky Linux.
However, that is not to discount Rocky Linux. CIQ might be a newcomer, but they have grown fast and have an outstanding reputation within the world of technology. Kurtzer has a massive built-in fan base because of CentOS, so the Rocky Linux community should continue to grow. With Kurtzer's dedication to improving what he did with CentOS, users can be certain he is committed to the community.
According to Google Trends, AlmaLinux has been the more popular choice since July 2020. AlmaLinux has gained more interest over time and has a larger subregion breakdown within the United States compared to Rocky Linux. And if you compare the two on a worldwide scale, the difference is even more dramatic.
Whichever you pick, AlmaLinux and Rocky Linux will serve as proper replacements for CentOS or RHEL. If you are unsure, then download both, install them and see which one fits your needs the best.
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Rocky Linux vs. AlmaLinux: Which is better? - TechTarget