On Wednesday, Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)’s shares inclined 2.14% to $22.43.
Sierra Wireless (SWIR) declared the industry’s first integrated service platform that combines cloud, Internet of Things (IoT) hardware, and managed connectivity services to support worldwide deployments. The new IoT Acceleration Platform is unique in that it provides global multi-operator coverage by combining Sierra Wireless and third-party network operator SIMs, all managed from a single unified connectivity platform.
The new IoT Acceleration Platform from Sierra Wireless also provides connectivity to Google Cloud Platform, giving customers the benefits of using Google BigQuery, Google’s analytical service, with data collected from connected devices.
Sierra Wireless can now provide customers with a comprehensive end-to-end solution counting the hardware, AirVantage® cloud platform, and managed connectivity – vastly simplifying the sourcing, administration, and administration of multi-region IoT deployments.
Sierra Wireless, Inc., together with its auxiliaries, provides cellular wireless solutions to the machine-to-machine (M2M) and connected device markets in North America, Europe, and the Asia Pacific. It operates in two segments, Original Equipment Manufacturer (OEM) Solutions and Enterprise Solutions.
Mitel Networks Corp (NASDAQ:MITL)’s shares gained 2.57% to $7.19.
Mitel(R) (MITL), a global leader in real-time business, cloud and mobile communications, recently declared a key enhancement to its agent program for North America, which simplifies and consolidates previous programs, triples rewards and provides preferred access to RFP resources.
As SMB and enterprise demand grows for cloud communications, Mitel is offering its richest incentive to date for both existing and new agent partners with potential payouts of three times* the monthly recurring commissions. Mitel’s philosophy for cloud migration centers around providing a customizable, best-path-forward approach based on an organization’s unique needs. Whether public, private or hybrid capabilities are required, Mitel offers flexibility in bundling, selling and seamlessly deploying cloud communications to preserve a customer’s existing technology investment.
More businesses trust Mitel cloud solutions than any other brand. With the largest share of cloud users globally, Mitel is now twice the size of its nearest competitor, reaching 1.6 million subscribers and seats, up from 850,000 in under a year. Strong growth also assisted boost Mitel’s total recurring payments to agent partners by 134 percent over a 24-month period. In addition, Mitel uniquely appears as the only provider in multiple Gartner Magic Quadrant reports, showcasing the company’s ability to tie together a complete telephony, unified communications and contact center solution.
Mitel Netoperates Corporation provides business communications and partnership software and services worldwide. The company’s Premise segment sells and supports premise-based IP and time-division multiplexing, telephony platforms, desktop and in-building mobile devices, and UCC and contact center applications.
At the end of Wednesday’s trade, Verint Systems Inc. (NASDAQ:VRNT)‘s shares dipped -0.08% to $47.02.
Verint® Systems Inc. (VRNT) declared that it has been named to the 2015 IDC Financial Insights FinTech Rankings Top 25 Enterprise Companies.
Now in its 12th year, the IDC FinTech Rankings categorize and evaluate the top global providers of technology based on calendar year revenues from financial institutions for hardware, software and/or services. According to the firm, these providers supply the technological backbone of the financial services industry—an industry in which IDC Financial Insights forecasts worldwide spending on IT to reach half a trillion dollars by 2018.
The annual IDC FinTech Rankings have become a measure on the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, they serve as a valuable resource for financial services institutions to use during planned planning and as they consider new investments in third-party solutions. IDC Financial Insights publishes a comprehensive report about the year’s findings that is accessible to view or download here.
Verint Systems Inc. provides actionable intelligence solutions and value-added services worldwide. The company operates through three segments: Enterprise Intelligence Solutions, Communications and Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions.
Pep Boys-Manny Moe and Jack (NYSE:PBY), ended its Wednesday’s trading session with 0.61% gain, and closed at $11.64.
The Pep Boys – Manny, Moe & Jack (PBY), the nation’s leading automotive aftermarket service and retail chain, declared the following results for the thirteen (second quarter) and twenty-six (six months) weeks ended August 1, 2015.
Second Quarter
Sales
Sales for the thirteen weeks ended August 1, 2015 raised by $0.8 million, or 0.1%, to $526.5 million from $525.8 million for the thirteen weeks ended August 2, 2014. Comparable sales raised 0.3%, comprising of an enhance of 0.5% in comparable merchandise sales and a decrease of 0.4% in comparable service revenue. In accordance with GAAP, service revenue is limited to labor sales, while merchandise sales comprise merchandise sold through both our service center and retail lines of business. Re-categorizing sales into the respective lines of business from which they are generated, comparable service center revenue raised 0.6%, while comparable retail sales remained flat.
Earnings
Net earnings for the second quarter of fiscal 2015 were $4.8 million ($0.09 per share) as contrast to net loss of $0.3 million ($0.00 per share) recorded in the second quarter of fiscal 2014. The 2015 results comprised of, on a pre-tax basis, a $1.7 million asset impairment charge, $1.1 million in expenses related to our annual meeting and planned alternatives review and a $0.3 million severance charge. The 2014 results comprised of, on a pre-tax basis, a $2.7 million asset impairment charge and a $0.8 million severance charge. In addition, the 2014 results comprised of a $0.9 million tax charge related to state valuation allowances.
The Pep Boys Manny, Moe & Jack, together with its auxiliaries, engages in the automotive aftermarket service and retail business in the United States and Puerto Rico. The company’s service locations offer a range of automotive maintenance and repair services; and install tires, parts, and accessories. It provides tires; batteries; new and remanufactured parts for vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories; and non-automotive merchandise.
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