Thursday, April 7, 2011

Sandvine - 39% of Q1 Revenues Generated by Mitsubishi (reseller to NTT)

In its MD&A report for Q1 Sandvine states Mitsubishi as the only major customer for the quarter. The Japanese reseller generated 38.8% of revenues, or $7.45M, during the quarter - compared to 29%, or $7.2M, during Q4 2010 (see "Sandvine Q4 Results - Mitsubishi [Japan] Generated 29% of Revenues" - here). See the chart below for additional details.

NTT's ISP arm, OCN, is a major customer of Sandvine in Japan (See "NTT Communications Corp. Selects Sandvine" - here).

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