Thursday, July 7, 2011

Sandvine Grows On Wireless Market Revenues

Sandvine reported revenues of $24.0M for Q2 (May), a growth of 25% compared to Q1 and 11% QtQ - see "Sandvine Reports Q2 2011 Results" - here.

The company reports "record wireless revenue of $11.1 million, representing 46% of the Company’s revenue for the quarter (DSL: 36%, Cable: 16%)."

Q1 was a disappointing quarter for the company, with sharp drop in revenues, and close to 40% generated from a single customer (here). Things look different, and better, now.

Dave Caputo, President and CEO, said: “We won seven new wireless customers in the quarter .. We have built our base of over 50 wireless service provider customers largely over the last two and a half years and those efforts are paying off with new wins and several significant follow-on orders.

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