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Vendor News

Cloud Drives Wall Street-Beating Microsoft Results

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Cloud Drives Wall Street-Beating Microsoft Results

Microsoft concludes fiscal 2016 on a positive note, with GAAP net profit for the quarter ending 30 June reaching $3.1 billion, an improvement from the $3.2bn loss seen on the same period last year.

Revenues for the quarter total $20.6bn, a -7% Y-o-Y drop. For the full year, GAAP revenues are down by -9% to $85.3bn, while net profit is up by 38% to $16.8bn. Driving such results is the Azure cloud business, not to mention a lack of the $8.4bn Nokia writedown and restructuring.

"This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations," CEO Satya Nadella says. "The Microsoft Cloud is seeing significant customer momentum and we are well positioned to reach new opportunities in the year ahead."

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Japan's SoftBank Buys ARM

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Japan's SoftBank Buys ARM

SoftBank buys British chip designer ARM for £24.3 billion in cash-- an acquisition the Japanese telecommunications group hopes will turn it into a mobile industry leader.

The acquisition of the Cambridge-based ARM is the largest of a European technology business so far, and comes just a week after the UK voted to leave the EU. ARM is actually fairly well insulated against Brexit, being a global smartphone chip leader with earnings made in US dollar.

"This is one of the most important acquisitions we have ever made, and I expect ARM to be a key pillar of SoftBank's growth strategy going forward," SoftBank founder Masayashi Son says. The deal is the first since Son rescinded his retirement plans, pushing out heir apparent Nikesh Arora, a former Google exec.

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Toshiba Details European PC Plans

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Toshiba Details European PC Plans

Toshiba unveils its European PC plans for next financial year, with hopes for double-digit growth across key verticals through a "more focused" distribution strategy.

“For us, last year was about refocusing and ensuring we put ourselves in the best possible position to thrive in a competitive sector. We focused on laying the foundations for a structure that gives us the freedom to forge deeper and even more effective relationships with our partners and end-users," the company says. "This was crucial in informing the direction we take our range of dedicated business devices and future solutions, as we take the unique step of assuming complete control of the design and manufacturing process.”

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Wick Hill and Zycko Become Nuvias Group

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Wick Hill and Zycko Become Nuvias Group

Rigby Private Equity (RPE) creates the Nuvias Group, a holding company for a pan-EMEA high-value distributor formed by Wick Hill and Zycko.

Nuvias insists there will be no changes for vendors and resellers dealing with the two companies, with both continuing operations from their current sites, with existing staff, and headed by their respective heads.

However RPE adds the future will see more acquisitions of value-add specialist distributors, as well as the addition of more countries, services provided, and new vendor and reseller partners. The Nuvias portfolio currently consists of networking, infrastructure, security, communications, storage, continuity, recovery, access, performance, monitoring and management.

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Avast Buys More Security with AVG

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Avast Buys More Security with AVG

Antivirus software vendor Avast acquires more security through Czech Republic-based security developer AVG in a deal worth around $1.3 billion.

The deal creates an entity with a network of over 400 million endpoints (160 million of which are mobile), all acting as "de facto sensors" to further broaden the Avast malware intel library.

As the company puts it, the reason behind the purchase is to "gain scale, technological depth and geographical depth." As such, Avast plans to pursue business beyond PC antivirus software to more advanced offerings, such as security for Internet of Things (IoT) devices.

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