Sandvine reports 109% jump in YTD profit
| 11 October 2014
Sandvine has reported revenue of $27.9 million for the third quarter of 2014, along with net income of $3.1 million.
Its year-to-date revenue grew by 18% over the comparable nine-month period of 2013 to $89.2 million, while year-to-date profit grew by 106% to $14.9 million.
“This is our eighth consecutive quarter of year-on-year revenue growth and profitability, and our 2014 earnings growth has been strong,” said Dave Caputo, Sandvine’s president and CEO. “I am also pleased that we recently won one of the larger opportunities that we had originally anticipated closing in the third quarter.”
Sandvine recently received approximately $7 million in orders from two Tier 1 cable operators in the United States, including follow-on orders from a long-time customer and an initial win and competitive displacement at a top 10 North American cable company
It also launched the latest version of Sandvine OutReach, a subscriber communications and interaction product that provides operators with a set of device-agnostic tools to interact with subscribers. inShare0