Thursday, June 7, 2012

Sandvine: Q2 Revenues Below Expectations

Sandvine announced that it expects "second quarter revenue [May 31st] to be in the range of $18.0 million to $18.5 million".

Dave Caputo (pictured), Sandvine’s President and CEO said: "..  we have been renegotiating a global supply arrangement for sales into a multinational operator customer group and that process in still ongoing. As a result, several projects with the customer have been delayed, which has negatively impacted second quarter revenues and order intake .. We believe that the proposed new arrangement will ultimately help us solidify a long-term relationship with this major operator group. We now have greater visibility into future business opportunities with the customer, for both expansion projects and for additional opportunities where we had not been previously deployed"

See "Sandvine Provides Second Quarter Revenue Estimate" - here.

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