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F5 reports $747M in quarterly revenue as stock surges 10%; company names new CFO

GeekWire

The Seattle-based application delivery company reported revenue of $747 million, up 6% year-over-year, and GAAP net income of $165 million, up more than 8% year-over-year. Werner, who joined F5 in 2001 and was previously senior vice president of finance, will replace Frank Pelzer , who is retiring.

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Absolute Software to buy Seattle-based NetMotion for $340M

GeekWire

Founded in 2001, NetMotion helps employees at more than 3,000 organizations access resources from devices both on premises or remotely in the cloud. million for the quarter ended March 31, up 18% year-over-year, and net income of $2.2 Absolute said the deal will compliment its “Endpoint Resilience” offering.

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F5 confirms new round of job cuts, continuing annual pattern of workforce reductions

GeekWire

The company on Monday reported quarterly revenue of $747 million , up 6% year-over-year, and GAAP net income of $165 million, up more than 8% year-over-year. Werner, who joined F5 in 2001 and was previously senior vice president of finance, will replace Frank Pelzer , who is retiring. F5’s fiscal year ended Sept.

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GI Partners Buys LA Telecom Hub One Wilshire » Data Center.

Data Center Knowledge

In 2001, CalPERS backed GI Partners to acquire dozens of data center and Internet gateway properties, including many distressed properties bought at discount prices during a glut of data center real estate in the wake of the dot-com bust. | High Net World HNW Magazine. In its first year the fund has acquired more than 1.7

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Tech billionaires lost $315 billion in 2022 and it genuinely doesn’t matter

Vox

Bill Gates and Jeff Bezos at the Schick Xtreme III Tennis Challenge in Seattle, Washington, in 2001. Amazon founder Jeff Bezos lost $50 billion in 2022, leaving him with a net worth of around $151 billion, according to Forbes. The Forbes 400 has Yuan’s 2022 net worth at $3.9 Robert Sorbo/Sygma via Getty Images.

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IT services company Atos plans IBM-style split

CIO Business Intelligence

IBM was still broadly profitable when it split, having made a net profit of $5.7 He’s been with the company since 2001, just after the first appearance of the Atos name, although the company’s origins go much further back, with at least part of its business tracing back over a century. Legacy losses. billion ($5.3

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Interview: Expedia’s new leaders from Apple and Verizon hope to help travel giant bounce back

GeekWire

In 2001, Expedia Group embarked on a shopping spree. Apple reported late last month that second-quarter net sales for its services alone were up 35% to nearly $17 billion compared to $13.3 New Expedia execs Jon Gieselman (left) and Rathi Murthy. Expedia Photo). billion for the same period last year. Personalization opportunity.

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