Cable / Telecom News

Vecima boosts revenue, income

VICTORIA, B.C. - Manufacturer Vecima Networks Inc. reported higher revenue and higher sales in its financial report Tuesday for the fiscal year ending June 30, 2007. The company, a “Last Mile Solution provider” for broadband wired and wireless networks, was making its second annual report as a public company. According to the company’s press release, total revenue for the 2007 fiscal year was $93.7 million, an increase of 17% from total revenue of $80.0 million for the fiscal year ended June 30, 2006. All dollar amounts are in Canadian dollars. Sales in the three months ended June 30, 2007 were...