Thursday, January 13, 2011

Sandvine Q4 Results - Mitsubishi [Japan] Generated 29% of Revenues

Sandvine announced today Q4 (Nov. 30) and FY2010 results - ".. quarterly revenue of $25.0 million and GAAP net income of $0.9 million (non-GAAP1: $1.7 million) for its fourth quarter of 2010. Fiscal 2010 revenue was $93.8 million, 36% higher than the $68.8 million reported for fiscal 2009. GAAP net income for fiscal 2010 was $5.6 million (non-GAAP1: $10.1 million), compared to a loss of $19.5 million (non-GAAP1: $10.5 million loss) in fiscal 2009".

See "Sandvine Reports Q4 and Fiscal Year 2010 Results" - here.

Mitsubishi, Sandvine reseller in Japan did nicely on Q4 - 28.8% of all revenues, in multiple projects. See the table from the company's MD&A report (here):

1 comment:

  1. As sales growth offsets net foreign exchange loss, as AbbVie Inc. gets approvals for Viekira Pak.