Skip to main content

Fastly Files For IPO

Fastly -- a San Francisco based content delivery startup that has raised $219 million in funding according to Crunchbase data and counts the likes of Stripe, Github, Airbnb, Pinterest, Audi, Buzzfeed, Ticketmaster, Vice, Spotify, and Reddit as customers -- has filed for a public offering on The New York Stock Exchange (NYSE). The company intends to list Class A common stock under the ticker "FSLY".

Fastly's S-1 filing revealed some key stats about its operations. They include:
$530,000 average revenue from each of its enterprise customers227 enterprise customers in 2018, up from 170 in 2017 1,582 total customers in 2018, up from 1,439 in 2017$144.56 million revenue in 2018, up from $104.9 million in 2017$29.1 million loss in 2018, down from $31 million in 2017$37 million cash and cash equivalents held as of December 31, 2018$50.1 million sales and marketing spend in 2018, up from $40.8 million a year earlier$34.6 million R&D spend in 2018, up from $29 million in 2017

AMD posts record seven year net income amidst strong Q2 results


Semiconductor and chip manufacturer AMD definitely had an impressive Q2 as the Santa Clara based company posted record second quarter results beating analyst estimates with a 53% Q2 growth posting $1.76 Billion in revenue with net income of $116 million representing the company's highest quarterly net income in a seven year span as demand for new products have led to a boost in AMD's sales.

AMD's $1.76 Billion in revenue stands as very good growth in comparison with $1.115 Q1 revenue as AMD also forecasts Q3 revenue of between the same range with Q2 amounting to around $1.7 Billion.

AMD's enterprise business segment along with its computing and graphics products saw increase in sales being a main factor in revenue boost even as the company which is the 2nd largest maker of graphic processors for PC games reported of a decrease in its blockchain market where it posted less than expected revenue.





During Q2 last year, AMD reported a net loss of $42 million as opposed to a profit for the company which has sold 5 million of its Ryzen processors since its release as stated at the Computex 2018 conference which held early June this year in Taiwan by CEO Lisa Su whose tenure has seen a good comeback for the chip maker which was once stood on the verge of running out of cash amidst declining sales.

“We had an outstanding second quarter with strong revenue growth, margin expansion and our highest quarterly net income in seven years,” said Lisa Su, AMD president and CEO. “Most importantly, we believe our long-term technology bets position us very well for the future. We are confident that with the continued execution of our product roadmaps, we are on an excellent trajectory to drive market share gains and profitable growth.” 

AMD's demand for graphic chips notably increased with the rise of cryptocurrency mining as graphic cards possess the level of power required for crypto mining whose decline and fluctuation in prices has led to a lower demand for AMD's related GPUs.

AMD competes mainly with Nvidia which holds the number 1 position in its market along with the likes of Intel, IBM and Analog Devices.


Comments

Most Read Posts

Private equity giant Hellman & Friedman buys into home security startup SimpliSafe at a reported $1 Billion Valuation

image credit : SimpliSafe

Boston based home security startup SimpliSafe which provides self-installed security systems which are used by a huge number of homes in the U.S. has now sold a major interest in the company to Global private equity and investment giant Hellman & Friedman for an undisclosed sum which according to various sources values the company at a huge $1 Billion

The company which last raised $57 million in a Sequioa Capital led round and has been growing very well with the company counting over 300,000 customers as far as 2015 and a vast number of consumers currently making use of its suite of home security products.

This majority acquisition represents another move by Hellman & Friedman making huge acquisitions and bets in the technology space with the investment company's tech portfolio including notable companies like DoubleClick, Getty Images, Customer experience solutions company Genesys amidst other of its notable investments.

SimpliSafe will now conti…

Right Now, You have a free copy of The Techie's first ever print Magazine - Access it here!

The Techie features the Oculus Go, Walks through Xiaomi's IPO and provides in-depth knowledge on a swath of tech products and occurences worldwide, Read the Digital Magazine in full screen below for the best experience;


A mag created with Madmagz.

Ford Slashes Thousands Of Jobs In Europe To Improve Profitability

Automaker Ford has announced it's slashing thousands of jobs in its European operations as part of structural cost improvements to improve near-term financial performance. The company made this known in a statement issued to investors.

“Ford aims to achieve the labor cost reductions, as far as possible, through voluntary employee separations in Europe and will be working closely with social partners and other stakeholders to achieve this objective.” The company said in its statement.





These job cuts will affect both salaried and hourly workers across its operations in Europe. Ford is ending production at its plant in Bordeaux, France that manufactures small automatic transmissions by this year August and has began discussions to end production of the C-MAX and Grand C-MAX vehicles at its German facility.

It's also considering "significant restructuring options" for its Russian joint venture, Ford Sollers and plans to merge its UK headquarters and Ford Credit Europe’s…

Apple Reportedly In Talks With Potential Sensor Suppliers For Driverless Cars

According to Reuters, Apple has held talks with at least four companies who count as potential suppliers for lidar sensors for driverless cars while it still works on an its own lidar unit. The companies involved are not named in the report. Such a move could indicate Apple's renewed ambitions to get into the driverless vehicle market even after layoffs that affected more than 200 from its self-driving vehicle project in January.

Citing three persons familiar with the discussions, Reuters says Apple is seeking lidar units that would be cheaper, smaller and more easily produced on a mass scale that current technology. It says Apple is setting a high level with demands for a “revolutionary design”. Such effort may indicate Apple looking to develop the entire chain of hardware that'll power self-driving vehicles using custom tech.


Whether Apple wants to develop its own driverless vehicles or build hardware and software elements for self-driving vehicles is not yet known. Self-dr…

Misty II Personal Robot Scheduled To Ship In April For $2,399

Misty II, a personal robot which non-technical owners can program using the Misty Blockly client, a visual block-based programming interface for creation of new skills for the robot to make it talk, roar, move, dance and more will be available for purchase April this year for $2,399, a four months delay from its initial proposed December 4 released date.

From April, customers can get their hands on the robot which would come installed with pre-set skills to get them started on use. Those with programming experience will be able to utilize JavaScript APIs to create more skills and mods such as integration with Amazon Alexa, Google Assistant, Microsoft Cognitive Services and Cloud APIs.



Skills the Misty II can perform out of the box include:
Recognize facesCreate a 3D map of her surroundingsAutonomous movementReceive and respond to commandsLocate its charger to charge itselfDisplay emotive eyes and other emotional characteristics Perform seeing, hearing, and speaking capabilities

It has…

Apple Reportedly Cuts Production Plans For New iPhones By 10%

According to a report from the Nikkei Asian Review, Apple is cutting current production plans for new iPhones by 10% signalling expectation of a further hit in iPhone sales for the year after it recently lowered revenue guidance for its fiscal 2019 first quarter ending 29th of December 2018 due to lower iPhone sales.

Nikkei says Apple asked suppliers late last month to produce fewer of new iPhones for the January-March quarter of this year. This will be the second time in two months that the company has slashed production rate of the iPhone if this stands true.


Overall planned production volume will be reduced to 40 million to 43 million units for the January-March quarter from an earlier number of 43 million - 47 million units scheduled for production, Nikkei says.

Apple this previous week lowered revenue guidance for its fiscal 2019 first quarter to $84 billion for the period citing emerging market challenges and lower than anticipated iPhone revenue, primarily in Greater China. Th…

Samsung Delays Launch Of Galaxy Fold

Samsung has delayed the launch of the Galaxy Fold, the foldable smartphone it unveiled in February amid reports of breakdowns during tests ahead of an official launch previously scheduled for the 26th of April. Samsung says initial findings from the assessment of report issues on the phone's display showed that the breakdowns could be linked to impact on the top and bottom exposed areas of the hinge.

The company also said there was an instance where substances founded inside the device affected the performance of its display. "We will take measures to strengthen the display protection. We will also enhance the guidance on care and use of the display including the protective layer so that our customers get the most out of their Galaxy Fold." Samsung said in a statement.


The company says some reviews showed "how the device needs further improvements that could ensure the best possible user experience" and that it plans to announce a new release date "in the…

Uber ATG Raises $1 Billion From Toyota, Denso, and Softbank

Uber Advanced Technologies Group, the company's unit responsible for development of driverless vehicles has raised $1 billion in funding from Toyota, Denso, and Softbank Vision Fund. Toyota and Denso will put in $667 million into the round while Softbank Vision Fund funds the remainder $33 million. The investment values Uber ATG at $7.25 billion post money.

This investment comes on the heels of Uber filing for an IPO. It also further deepens an alliance with Toyota which invested $500 million in Uber last year August. Uber and the Japanese automaker have agreed to work on the deployment of modified driverless Toyota Sienna vehicles by 2021. Toyota will also contribute an additional $300 million over the next three years to help cover costs related to the development of these vehicles.


December last year, Uber received approval from the state of Pennsylvania to re-commence driverless vehicle tests on public roads months after a fatal crash that resulted in a pedestrian death. The …

N26 Raises $300 Million Series D At $2.7 Billion Valuation

Berlin based fintech N26 has raised $300 million Series D funding led by New York based VC Insight Venture Partners with participation from Singapore's sovereign wealth fund, GIC and several existing investors. This rounds brings the total raised by the 5 year old company to more than $500 million and values it at $2.7 billion.

The $300 million round represents the largest private equity round for an European fintech company in recent years, shooting N26 operating in 24 markets across Europe with over 2.3 million customers into the unicorn club.



The company which says it has tripled its customer base in the last 12 months will make use of this investment to drive global expansion, starting with a launch of its mobile banking product in the U.S. in the first half of this year. It says it aims to reach over 100 million customers in the coming years.

“Around the world, millions of people still suffer from bad banking experiences and high fees. With Insight Venture Partners and GIC j…

Fastly Files For IPO

Fastly -- a San Francisco based content delivery startup that has raised $219 million in funding according to Crunchbase data and counts the likes of Stripe, Github, Airbnb, Pinterest, Audi, Buzzfeed, Ticketmaster, Vice, Spotify, and Reddit as customers -- has filed for a public offering on The New York Stock Exchange (NYSE). The company intends to list Class A common stock under the ticker "FSLY".

Fastly's S-1 filing revealed some key stats about its operations. They include:
$530,000 average revenue from each of its enterprise customers227 enterprise customers in 2018, up from 170 in 2017 1,582 total customers in 2018, up from 1,439 in 2017$144.56 million revenue in 2018, up from $104.9 million in 2017$29.1 million loss in 2018, down from $31 million in 2017$37 million cash and cash equivalents held as of December 31, 2018$50.1 million sales and marketing spend in 2018, up from $40.8 million a year earlier$34.6 million R&D spend in 2018, up from $29 million in 2017