Cable / Telecom News

Sandvine records $6.5M loss for Q1

WATERLOO – Despite a 5% jump in revenue, Sandvine ended its first quarter of 2012 with a US$6.5 million net loss. The network management solutions provider said Thursday that loss included a $3.7 million inventory write-down related to one of its older hardware platforms.  Revenue for the three month period ended February 29, 2012 was $20.1 million, up from $19.2 million in the same period last year, while gross margin was 54%. Over half (58%) of Sandvine’s revenues this quarter came from North America (EMEA 17%; APAC 18%; CALA 7%).  Revenue by access technology market was DSL 22%; wireless 26%;...