Wireless sales propel Vecima to record $30.4 million in revenues in Q3

VICTORIA – Revenues at Vecima Networks increased 26% to $30.4 million in 2008 for the third quarter ended March 31, 2008, compared with $24.1 million in the same quarter a year earlier, according to financials released Thursday. Net income rose 28% to $3.2 million, partly due to a 23% quarter-over-quarter growth in broadband wireless products. “Strong consumer demand for additional bandwidth in the last mile led to significant growth resulting in financial and operational performance that exceeded revenue and earnings estimates,” said Vecima Chair and CEO Surinder Kumar. “Vecima’s OEM and MSO partner orders are tracking industry bandwidth trends, while...