Vecima expects net income to rise by 20-40% in 2013

VICTORIA - Net income for broadband equipment provider Vecima Networks increased to $9.1 million in the second quarter of 2013, up from $6.2 million the year before, even though revenues declined to $23.6 million in the second quarter from $24.9 million in the previous quarter. The company is revising its fiscal 2013 revenue forecast to be in the range of $91 to $98 million and expects fiscal year adjusted EBITDA to improve by 20-40% over fiscal 2012. "Vecima sees strong deployment of our Terrace and Terrace QAM families of products by North America's largest cable MSOs," said Dr. Surinder Kumar,...