Vecima reports Q2 revenues up 6% due to new product launches

VICTORIA – Broadband equipment manufacturer Vecima Networks is expecting revenues for fiscal 2012 of $90 million to $100 million, and gross profit margins to hit the “top end of our targeted 30% to 40% range,” reads the company’s press release this morning. The company reported second quarter fiscal 2012 revenue of $21.2 million, an increase of 6% compared to the first quarter of fiscal 2012, which it credited primarily to increased sales of recently introduced and new products. "Increased revenue from our recently introduced and new products signals that the expected revenue shift away from our legacy products is continuing....