Teleste has recorded the second highest fourth quarter in the company’s history. The Finnish technical and infrastructure provider came close to last year’s sales high.
Q4 sales came in at €53.9 million, a decrease of 0.3%. Operating profit totalled €3.5 million, an increase of 0.1%.
Profits for the year-ending December 31, 2014 reached €11.1 million, an increase of 0.8%.
The new DOCSIS 3.1 communications standard is helping the company grow revenues, though changes in the value of the Euro against the US dollar and the Chinese renminbi have put pressure on revenue.