Sandvine records record revenue

WATERLOO – Broadband network solutions co. Sandvine Corporation rides nine new customer wins to record-high Q1 Sandvine-logo120X32.jpgrevenue of $18.6 million, a 124% increase over the same period last year. Net loss was $4.8 million ($.035 per diluted share), which includes a $2.4 million goodwill impairment charge. “This was a good quarter for Sandvine which included record first quarter revenues,” says Dave Caputo, president and CEO. “Our momentum in the wireless and DSL markets continued, and, after a tough 2008, the cable market has once again shown some strength. We maintained healthy revenue and cash levels and continued to diversify our business.” Click here for more information.

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