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WHTop → 📋 News → Astera Labs Reports Strong 2024 Growth in AI and Cloud Connectivity
Astera Labs Reports Strong 2024 Growth in AI and Cloud Connectivity
📅 - Global provider of semiconductor-based connectivity solutions for cloud and AI infrastructure, Astera Labs (Nasdaq: ALAB), has announced its preliminary financial results for the fourth quarter and the entire fiscal year 2024. Astera Labs reported $141.1 million in sales for the fourth quarter of fiscal 2024, a 179% year-over-year and a 25% sequential increase.
The company achieved a GAAP gross margin of 74.0%, with GAAP operating income reaching $0.1 million. Net income for the quarter which ended on December 31, 2024, stood at $24.7 million.
The full-year results for fiscal 2024 highlight significant momentum, with total revenue reaching $396.3 million - an impressive 242% growth [...][... Check source for end of article ...]
📅 - Flexential Launches Professional Services for Hybrid IT - Through analysis, proposal, and implementation of cost reductions and cost management measures, the FinOps for Public Cloud solution helps firms cut back on cloud spending by leveraging Flexential's deep understanding of cloud infrastructures and vast DevOps experience. Customers relocating to Flexential colocation and cloud environments can also benefit from the Security and Optimization Program, which improves cyber resiliency by identifying security flaws, reducing migration risks, and optimizing resource allocation.
Cost control in the cloud can be difficult: In the most recent fiscal year, 72% of IT decision-makers stated that their organization's cloud budget was surpassed, and 82% [...]
📅 - Latest Gcore Report Shows 56% Surge in DDoS Attacks - The latest Gcore Radar report highlights a sharp 56% year-over-year increase in Distributed Denial-of-Service (DDoS) attacks, underscoring the growing threat to businesses across industries. The analysis by Gcore, covering Q3 and Q4 of 2024, reveals not only a rise in attack volume but also an increase in intensity, with peak attacks reaching 2 terabits per second (Tbps) - an 18% escalation compared to the first half of the year.
Gcore, a global provider of CDN, edge AI, cloud, network, and security solutions, analyzed attack patterns across multiple sectors and geographical regions. The findings indicate that while gaming remains the most targeted industry, accounting for 34% of all [...]
📅 - Study: Hosting Upgrades Drive Growth for 88% of Businesses - Managed hosting providerLiquid Web has released a new report, The Hosting Habits and Evolution of Hyper-Growth Businesses, highlighting the critical role of high-performance hosting in driving business success. The study of 100+ hyper-growth businesses in various industries found that 88% saw increased revenue, uptime, and performance after upgrading their hosting infrastructure.
The study released by Liquid Web is based on insights from over 100 hyper-growth businesses across industries like IT, retail, hospitality, real estate, healthcare, and education. It reveals that nearly 88% of companies that upgraded their hosting infrastructure experienced significant improvements in revenue, [...]
📅 - Yondr Group Begins Third Phase of 100MW London Data Center - Global developer and operator of hyperscale data centers, Yondr Group, has commenced construction on the third phase of its London campus in Slough. This expansion will add a 40MW data center to the site, increasing its total capacity to over 100MW. The new facility is expected to be completed by mid-2026, reinforcing the campuss position as one of the largest data center hubs in the UK.
The London campus has been developed in stages, with the first 30MW facility completed in July 2023, followed by ongoing construction on a second 30MW data center.
The third phase is designed to meet BREEAM Very Good certification, aligning with Yondrs commitment to sustainability and its goal of [...]
📅 - Bitdefender Acquires BitShield to Expand Cybersecurity in Malaysia - Bitdefender has expanded its presence in the Asia-Pacific (APAC) cybersecurity market with the acquisition of a significant portion of BitShield, which will now operate as a dedicated Country Partner for Bitdefenders distribution in Malaysia and Brunei.
This move would strengthen Bitdefenders foothold in one of the fastest-growing cybersecurity markets, reinforcing its commitment to regional expansion.
While the financial terms of the acquisition remain undisclosed, Bitdefender has confirmed that the acquired BitShield operations will be fully integrated into its global business structure and rebranded under the Bitdefender name. However, BitShields identity and ongoing operations will [...]
📅 - African Telcos Expand Rural Networks to Counter Starlink - African telecom operators are shifting their focus to underserved regions in response to growing competition from Starlink, according to a report by data and analytics firm GlobalData. As Starlink continues to expand its low Earth orbit (LEO) satellite network across Africa, local carriers are adopting new strategies to maintain market relevance and capture untapped growth opportunities.
Major African telecom players, including Vodacom and MTN, have already initiated their own LEO connectivity initiatives to expand service coverage. Recent partnerships highlight this trend, such as Orange and Vodacom's collaboration in Uganda to deploy networks in rural areas, Safaricoms agreement with [...]