News of Note—VMware posts strong second-quarter results; Huawei, ZTE face Australia ban

news of note
VMware's cloud-based software services drove its second quarter profit as revenue beat analysts' expectations. (Pixabay)

Here are the other stories we're following today:

>  VMware's cloud-based software services drove its second quarter profit as revenue beat analysts' expectations.  Reuters article

> The whip has come down in Australia for Huawei and ZTE as both of the Chinese vendors will not be allowed to provide 5G wireless technology for the country's wireless networks. BBC article

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> Worldwide revenues from network function virtualization infrastructure (NFVI) will have a CAGR of 58% through 2022, according to a forecast from IDC. Telecompetitor article

>  Alibaba Group's first quarter cloud revenue climbed by a staggering 93% to hit $710 million. ZDNet article

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