Sandvine reaps “record” revenues of $30.8M for 2013

WATERLOO, ON – Fourth quarter net profits at Sandvine jumped 12% to a record $30.8 million, up from $27.5 million at this time last year, for the period ended November 30, 2013. Net income for the quarter was $5.6 million and non-IFRS income was $5.9 million.Broken down by market, wireless sales accounted for 40% of Sandvine’s Q4 revenue, with DSL at 30%, and cable at 29%.The networks and communications services provider also reported that revenue for fiscal 2013 increased by 21% to $106.5 million from $87.9 million last year, and net income grew to $12.9 million from a loss of $5.0...