Sandvine reports $23.5 million Q2 revenue, announces $7 million in new orders

WATERLOO, ON – While revenue for networks and communications services provider Sandvine decreased by $1.5 million in the second quarter of 2013 compared to Q1, results for the company’s Q2 revenue of $23.5 million, reported today, is up by 27% compared to the same period in 2012. Net profit fell during the three months ended May 31, 2013 to $900,000, down 47% from Q1 2013’s net income of $1.7 million. It’s a substantial increase, however, from the net loss of $4.2 million for the second quarter of FY2012. Broken down by market, wireless sales accounted for 37% of Sandvine’s Q2...