Wireless revenue drives Q2 at Sandvine

WATERLOO, ON - Network management solutions provider Sandvine saw second quarter profits bounce back to the black, as it reported net income of $63,000.Revenue increased 25% to $24 million for its second quarter of 2011 ended May 31st, up from $19.2 million in the same period last year. Sandvine said that it earned “record” wireless revenue of $11.1 million, representing 46% of its quarterly revenue (DSL: 36%, Cable: 16%)."We won seven new wireless customers in the quarter," said president and CEO Dave Caputo, in a statement. "We have built our base of over 50 wireless service provider customers largely over...