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Avaya Reports Selected Additional Preliminary Third Quarter Fiscal 2022 Financial Results

On the 9th of August, Avaya reported selected additional preliminary financial results for the third quarter of fiscal 2022 ended June 30, 2022. All financial results for the third quarter ended June 30, 2022 and related comparisons to prior periods included in this release are preliminary, have not been reviewed or audited, are based on the Company's estimates and were prepared prior to the completion of the Company's financial statement close process. Report highlights: evenues of $577 million, down 20% year over year in constant currency; OneCloud ARR (Annualized Recurring Revenue) was approximately $838 million, up 12% sequentially and 97% from a year ago; CAPS (Cloud, Alliance Partner and Subscription) was 53% of revenue, up from 40% a year ago; Recurring revenue was 70% of revenue, up from 64% a year ago; GAAP Operating loss was $1,353 million and Non-GAAP Operating income was $20 million.

Alan Masarek, President and CEO of Avaya, said, “Our preliminary financial results for the quarter reflect operational and executional shortcomings, amplified against the backdrop of a volatile economic environment. We are taking aggressive actions to right-size Avaya’s cost structure to align with our contractual, recurring revenue business model. We have already begun operationalizing our recently announced savings initiatives and expect to identify additional areas as our work continues. At the same time, we will focus our investments on driving innovation and advancing product development for the benefit of our customers.”

Micro Focus LoadRunner SaaS Solutions Named a Leader by GigaOm Radar for Cloud Performance Testing Tools Report

On the 28th of July, Micro Focus announced that it has been recognised in the GigaOm Radar for Cloud Performance Testing Tools in 2022. Its solution LoadRunner SaaS received consistently high marks across key criteria and evaluation metrics for cloud performance testing tools. The report highlighted that, “The LoadRunner product line from Micro Focus is still the strongest performer in this market, with the largest set of functionalities.”

“LoadRunner has been at the forefront of best-in-class performance engineering solutions for decades,” said Vicky Giavelli, Director of Performance Engineering Product Management at Micro Focus. “With cloud and SaaS offerings now the de-facto way of doing business, LoadRunner leads the way for how dev teams deploy high performing applications, allowing them to engineer quality and optimize performance at any point in the DevOps pipeline.”

Huawei and China Unicom Video Technology Jointly Release Go3D Solution

On the 21st of July, Huawei and China Unicom Video Technology jointly released the Huawei Go3D solution. This solution can automatically output 3D video streams for video-on-demand (VOD) and live TV services. With low 3D content production costs and brand new user experience, this solution injects new impetus into operators' video services. This solution uses an intelligent transcoding server deployed next to the IPTV platform to automatically convert 2D video streams into 3D and then inject them into the IPTV platform. In so doing, this solution can make full use of existing 2D video content to generate 3D videos at low costs. Better yet, it also works for VOD and live TV services, with a conversion latency of just two seconds. On top of that, this solution allows users to enjoy 3D videos on their mobile phones, without needing to invest in costly 3D glasses. The system can also track user's eyes and optimize the videos within 300 ms based on the eye tracking analysis to deliver optimal video experience.

Lenovo Unveils ThinkCentre neo 50a All-in-One Built for Smart Performance, Productivity and Collaboration

On the 19th of July, Lenovo unveiled new ThinkCentre neo 50a 24 all-in-one (AIO) desktop with innovative AI-assisted features to address the needs of next generation Small and Medium Businesses (SMBs). Powered by the latest 12th Gen Intel Core H-series processors with discrete Intel Arc A370M graphics and running Windows 11, the new AIO desktop incorporates AI-based technology including human presence detection, adaptive screen dimming, noise cancellation and AI Meeting Manager to name a few. ThinkCentre neo 50a 24 offers a vivid TÜV Rheinland Low Blue Light certified 23.8-inch Full-HD display with wide viewing angle, available with touch option, wrapped in a stylish and minimalist design for a contemporary look with the brands’ terrazzo color and material finish. ThinkShield compliance with fTPM-based security, BIOS-level protection and port security further enhances protection.

“Businesses need smarter, collaborative and secure PCs to meet the day-to-day rigors of new modern workplaces,” said Sanjeev Menon, vice president and general manager, Worldwide Desktop Business, Lenovo. “ThinkCentre neo 50a 24 will pave the way for more flexible and fluid spaces, driving new ways of working and creating new efficiencies and opportunities for businesses around the world.”

Micro Focus Earns Leader Status in the GigaOm Radar for Cloud Observability Solutions

On the 29th of June, Micro Focus announced it has been named a Leader in the 2022 GigaOm Radar for Cloud Observability Solutions. GigaOm lauded Micro Focus for the quality, scalability and flexibility of its cloud and application observability capabilities, as well as the key criteria of reporting and dashboards, user interaction performance, predictive analysis and intelligent data push.

GigaOm evaluated 21 cloud observability solutions by “applying evaluations of specific key criteria and evaluation metrics” to promote operational awareness and respond to infrastructure and performance changes in the IT environment. Micro Focus earned the Exceptional rating – the highest possible – for its fit within the enterprise market and its software-as-a-service, on-premises and hybrid cloud offerings, as well as its security features. Also, Micro Focus received outperformer status – the only company projected to improve its product more than any other competitor over the next 12-18 months.