Market & Technology News
Red Hat shares have risen after an indication of success through its support for the OpenStack cloud infrastructure. Analyst Piper's Mark Murphy has upgraded Red Hat to Overweight, and lifted his target price to $53 from $50. Piper's survey work indicates Red Hat "is in pole position" to become the dominant provider of OpenStack cloud infrastructure solutions.
Bechtle has reported revenue up 11.4% to €558.8m in Q3, with its consolidated EBIT earnings 35.3% up on the previous year as the integration business booms.
In Q1 FY ‘14 Cisco delivered record non-GAAP earnings per share of $0.53 per share and revenue growth of 2% year-over-year.
Belgian telecoms companies Belgacom, Mobistar and Dutch KPN's BASE have bought licences to operate super-fast 4G mobile services in Belgium for €120m each.
Europe cannot fast-track itself into the digital world even though the EC is pushing for change. This will force the hybrid cloud model on government and industries, and probably mean a multiple speed adoption at varying rates across countries.
Austria's rising mobile rates and smartphone use are attracting new entrants. A new mobile operator plans to start up in Austria next year, bringing fresh competition into the market after Hutchison Whampoa's takeover of Orange Austria.
Ericsson's Mobility Report reveals that mobile subscriptions are expected to reach 9.3 billion by 2019, and more than 60% of these - 5.6 billion - will be for smartphones.
French technology consultancy Capgemini kept its full-year sales and profitability goals on Thursday as revenue returned to positive growth in the third-quarter amid improving demand in Europe, notably in its core French market.
EC tech leader Neelie Kroes has welcomed a Memorandum of Understanding officially launching the Lithuanian National Digital Coalition in Vilnius.
Ordina's recurring earnings (EBITDA) margin rose to 4.5% (Q3 2012: 2.8%) as cost-cutting continued. Turnover fell 2.7% to €92.8m. Corrected for the impact of the extra working day and the loss of the offshore component from the Rabobank contract, turnover was up 1.9%, it says.