Wednesday, January 5, 2011

Procera: 2 New Tier1 Customers; $1M Orders from Genband

Procera issued a press release with preliminary results for Q4, 2010 - "Based on preliminary financial results, the Company anticipates fourth quarter revenue to be in the range of $7.3 million to $7.6 million".

This brings 2010 revenues to a range of $20.1M to $20.4M (vs. guidance of $28M provided by the CEO during Q1 results call, May '10 - here).

See "Procera Networks Announces Preliminary Fourth Quarter 2010 Revenue Results" - here.

The company also states that:
  • Fourth quarter bookings of approximately $9 million
  • Signed and received initial orders from two new Tier-1 service providers that include a major European telephone company serving 100 million customers and an Asian service provider serving more than 10 million subscribers
  • Received $1 million follow-on order from an existing Tier-1 customer
  • Generated over $1 million in initial orders through our OEM partner [Genband]
  • Continued strong momentum in higher education with over 40 new customer wins reflecting further global expansion

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