Sandvine Get $7M Orders; Reports Q2

Sandvine announced that it has ".. received over $7 million in expansion orders from three Tier 1 operators, all in the month of June. The orders comprise:

• Over $4.5 million in orders from a North American converged operator that Sandvine initially won as a customer in November 2012 .. largely relate to additional Policy Traffic Switch (PTS) elements to support the operators’ ongoing and planned implementations on both fixed and mobile LTE networks
   
• Over $2.5 million in follow-on orders from two European mobile properties that belong to a major multinational operator group"

The DPI vendor also announced its 2013-Q2 (May) results, reporting " $23.5 million in revenue for its second quarter of 2013, non-IFRS income of $1.4 million and net income of $0.9 million".

See "Sandvine Receives Over $7 Million In Expansion Orders From Tier 1 Operators" - here and "Sandvine Reports Q2 2013 Results" - here.