Latest news with #GPON
Business Upturn
a day ago
- Business
- Business Upturn
Tejas Networks shares in focus today, July 15 as Q1 revenue plunges 87% YoY to ₹202 crore
Shares of Tejas Networks are likely to remain in focus on Tuesday, July 15, after the company reported a sharp decline in its financial performance for the quarter ended June 30, 2025. The company posted a net loss of ₹194 crore in Q1 FY26, compared to a profit after tax of ₹77 crore in the same quarter last year (Q1 FY25). Revenue from operations fell significantly to ₹202 crore in Q1 FY26, down nearly 87% year-on-year from ₹1,563 crore in Q1 FY25. The company attributed the poor performance to delayed purchase orders and shipment clearances, particularly from its key customer BSNL. In terms of profitability metrics, EBIT stood at ₹(232) crore compared to ₹167 crore in Q1 FY25, while profit before tax was ₹(297) crore against ₹122 crore in the year-ago quarter. The company's total revenue mix comprised 81% from India and 19% from international markets. The company's order book at the end of Q1 was ₹1,241 crore, with an additional order worth approximately ₹1,526 crore expected soon for BSNL's 4G deployment. The company also noted delays in shipments for nearly 18,000 BSNL sites and some inventory issues with other customers. Tejas highlighted multiple strategic developments during the quarter, including partnerships with Rakuten Symphony and Intel to strengthen its 5G solutions portfolio. It also won BharatNet Phase-III orders for IP routers and supplied GPON equipment for Gujarat's last-mile connectivity project. International business saw new orders from Africa and Europe, alongside critical infrastructure wins in India. On the operational front, Tejas' inventory increased to ₹2,537 crore, trade receivables stood at ₹4,453 crore, and net working capital rose by ₹432 crore. The company closed the quarter with ₹545 crore in cash and borrowings of ₹3,990 crore. Investors will watch the stock closely today as the company works to convert its large inventory and pipeline orders into revenues in the coming quarters. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
28-06-2025
- Business
- Time of India
GX Group signs broadband gear distribution pact with Ingram Micro India for Southeast Asia
NEW DELHI: Dutch fiber-to-the-home (FTTH) gear maker GX Group on Saturday said it has signed a strategic distribution agreement with Ingram Micro India to sell its broadband equipment in Southeast Asian markets. The gearmaker said its products are well-positioned to bridge the digital divide, particularly as India and Southeast Asian countries continue their rapid digital transformation. 'This collaboration marks a significant milestone in GX Group's mission to transform digital connectivity across high-growth and emerging markets,' GX Group said in a joint statement. GX Group's equipment will be distributed through Ingram Micro's strong channel partner ecosystem. GX Group's made-in-India broadband solutions include XGSPON/GPON OLTs, ONTs, switches, and access points (APs) along with a complete network management system for AI-based network management. These products are designed at the company's innovation hubs in India, in collaboration with global chipset vendors. 'We are incredibly enthusiastic about the immense opportunities this collaboration with Ingram Micro will unlock for our partners and customers across Southeast Asia,' said Sambit Swain, director (global sales), GX Group. 'This partnership is not just about market expansion—it's about driving the next wave of digital infrastructure and ensuring that millions more can benefit from the transformative power of fiber optic broadband ,' Swain added. 'Our partnership with GX Group aligns perfectly with our aspiration to deliver best-in-class broadband technology solutions that accelerate digital transformation across the region. Together, we aim to fast-track fiber broadband adoption and empower underserved and high-growth regions with world-class internet connectivity,' said Navneet Singh Bindra, SVP & chief country executive, Ingram Micro India.
Yahoo
24-06-2025
- Business
- Yahoo
Faraday Delivers Latest SerDes IP to Complete Interface Lineup on UMC's 22nm Platform
HSINCHU, Taiwan, June 24, 2025--(BUSINESS WIRE)--Faraday Technology Corporation (TWSE: 3035), a leading ASIC design service and IP provider, today announced the availability of its 10G SerDes IP on UMC's 22nm process technology. Designed to meet the increasing demands of high-speed data transmission, the new SerDes IP supports a broad range of industry-standard protocols and is optimized for applications in industrial automation, AIoT, 5G modems, fiber-to-the-home (FTTH), and advanced networking. Faraday has been delivering robust and high-performance SerDes solutions since 2013. Its latest 10G SerDes IP is compliant with multiple key protocols, including PCIe Gen1/2/3, USB 3.2 Gen1/2, and xPON standards. Specifically, it supports various passive optical network (PON) technologies such as 10G-EPON, EPON, XGPON, XGSPON, and GPON, making it highly versatile for integration into optical network unit (ONU) designs. To further accelerate product development and reduce integration risks, Faraday also offers comprehensive IP customization and design services. These include subsystem integration, hardcore implementation, and signal/power integrity (SI/PI) analysis at both the package and PCB levels. This holistic approach enables customers to streamline their design process and shorten time-to-market. "We are pleased to provide SerDes IP on UMC's 22nm platform," said Flash Lin, COO of Faraday Technology. "Our IP management system ensures high quality and early-stage risk mitigation by thoroughly monitoring every step from development, database packaging, releasing, and version control. We are confident that this IP will meet the market's expectations for performance, cost efficiency, and fast deployment." About Faraday Technology Corporation Faraday Technology Corporation (TWSE: 3035) is dedicated to the mission of benefiting humanity and upholding sustainable values in every IC it handles. The company offers a comprehensive range of ASIC solutions, including total 3DIC packaging, Neoverse CSS design, FPGA-Go-ASIC, and design implementation services. Furthermore, its extensive silicon IP portfolio encompasses a wide array of offerings, such as I/O, Cell Library, Memory Compiler, ARM-compliant CPUs, LPDDR4/4X, DDR4/3, MIPI D-PHY, V-by-One, USB 3.1/2.0, 10/100 Ethernet, Giga Ethernet, SATA3/2, PCIe Gen4/3, and SerDes. For further details, visit or follow Faraday on LinkedIn. View source version on Contacts Press Contact:Faraday Tech, Evan Ke, +886 3 578 7888 ext. 88689, media@
Mint
28-05-2025
- Business
- Mint
ITI shares surge 9% as Q4 loss narrows sharply, revenue jumps nearly 74%
Shares of ITI Ltd rallied sharply on Wednesday, May 28, climbing as much as 9 percent in intra-day trade after the company reported a substantial improvement in its March quarter earnings. The stock touched a high of ₹ 336.75, marking its strongest level since January 30, 2025. Investor confidence was bolstered by ITI's March 2025 quarter results, which showed a significant reduction in net losses and a robust improvement in revenue. The company reported a net loss of just ₹ 4.4 crore, compared to a steep ₹ 239 crore loss in the corresponding quarter of the previous year. Revenue for the quarter surged 73.9 percent year-on-year, reaching ₹ 1,046 crore from ₹ 601 crore in Q4FY24. Furthermore, EBITDA loss narrowed to ₹ 28.2 crore from ₹ 174 crore, indicating a meaningful improvement in the company's operational performance. In addition to the strong earnings, ITI announced that its Board of Directors approved the allotment of equity shares on a preferential basis to the President of India, against a CAPEX infusion of ₹ 59 crore in line with a BIFR Order dated January 8, 2013. Founded in 1948, ITI Limited is India's first public sector undertaking (PSU) in the telecommunications space. Over the years, it has built a strong manufacturing footprint with facilities in Bengaluru, Naini, Rae Bareli, Mankapur, and Palakkad, and a dedicated R&D centre in Bengaluru. The company also operates 11 Marketing, Services & Projects (MSP) centres across India in cities such as Mumbai, Chennai, Hyderabad, Kolkata, Delhi, and Chandigarh, among others. ITI's diverse product portfolio includes advanced telecom and defence equipment such as Gigabit Passive Optical Networks (GPON), Managed Leased Line Network (MLLN) products, Wi-Fi access points, encryption units, smart energy meters, smart cards, and mini PCs. It also manufactures passive infrastructure products like optical fibre cables, HDPE ducts, and antennas. Following Wednesday's rally, ITI shares were trading 43 percent below their 52-week high of ₹ 592.85, hit in January 2025. However, the stock has recovered significantly from its 52-week low of ₹ 210.20, touched in October 2024—marking a rebound of over 60 percent. Over the past year, the PSU stock have declined 8.5 percent, but recent months have shown a turnaround. The stock has gained 29.5 percent in May alone, following a 2.5 percent rise in April and a 1.2 percent gain in March. Prior to this recovery, it had shed 16 percent in January and 24 percent in February. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Associated Press
13-05-2025
- Business
- Associated Press
Harmonic Partners with Evolution Digital to Simplify Fiber Broadband Deployments
Collaboration Strengthens Harmonic's Open ONU Vision, Driving Down Fiber Broadband Deployment Costs SAN JOSE, Calif., May 13, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity solutions, further expanding its roster of interoperable ONU partners and reinforcing the company's commitment to creating an open, flexible fiber broadband ecosystem. This powerful collaboration strengthens Harmonic's mission to empower broadband operators through its Open ONU approach that eliminates vendor lock-in and reduces fiber deployment costs. Harmonic's cOS™ virtualized broadband platform offers seamless interoperability with Evolution Digital's EVO1111XG XGS-PON bridge and EVO6022GP3 integrated Wi-Fi 6 GPON gateway. Integration efforts between the two companies will support additional GPON and XGS-PON devices in the near future. 'We're excited that our ongoing collaboration has led to our inclusion in Harmonic's Open ONU initiative, which reflects a scalable and forward-thinking strategy to support the unique business needs of the global broadband provider community,' said Marc Cohen, chief revenue officer at Evolution Digital. 'Our interoperability with Harmonic's virtualized broadband platform — including support for GPON and 10G-capable fiber-to-the-home devices — enables partners to accelerate deployments and deliver high-quality fiber services more efficiently.' Harmonic's cOS virtualized core software allows operators to support ONU devices from any vendor, now including Evolution Digital. This expanded interoperability empowers broadband providers to choose a CPE that best fits their performance, cost and deployment requirements. As a result, operators can accelerate fiber service rollouts, lower capital expenditures and deliver high-speed connectivity to more subscribers. 'The momentum around ONU interoperability is transforming how operators build and scale their fiber networks,' said Hy Huynh, vice president of fiber products at Harmonic. 'With the addition of Evolution Digital to our growing list of certified ONU partners, we're giving operators more choice and flexibility to deliver high-speed connectivity with unmatched cost efficiency.' Harmonic will demonstrate its fiber broadband solutions at Fiber Connect 2025, June 1-4 in Nashville, in booth 824. Harmonic's market-leading cOS platform powers next-gen broadband services to more than 33 million homes worldwide for leading operators in North America, Europe, Latin America and Asia. To learn more about the cOS platform and range of fiber solutions, visit About Harmonic Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements. Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners. About Evolution Digital Evolution Digital L.L.C. is a leading provider of a comprehensive suite of integrated video streaming, whole-home Wi-Fi and advanced connectivity products for the global market. We partner with ISPs to deliver reliable, high-performance technologies that enhance their subscribers' connected lifestyles. We take an aggressive approach to product innovation to embrace new technologies that require high-performance, reliable and user-friendly solutions. Learn more at Photo Link: Photo Caption: Harmonic cOS™ Broadband Platform Logo Photo Link: Photo Caption: Evolution Digital EVO1111XG XGS-PON 10G Bridge View original content to download multimedia: SOURCE Harmonic Inc.
