Sandvine’s revenue up 26 per cent
Posted Jan 10, 2013 07:58:48 AM.
This article is more than 5 years old.
Waterloo-based Sandvine Corporation’s revenue hit $27.5 million in the fourth quarter, up 26 per cent from a year earlier and $4 million above analyst estimates.
The technology company, which reports in U.S. currency, had $6.5 million or 4.6 cents per share of net income.
That contrasted with a small year-earlier loss of $900,000 or six-tenths of a cent per share.
Analysts had been looking for Sandvine to generate $23.4 million of revenue and essentially break even during the quarter.
Sandvine’s technology is designed to help operate communications networks efficiently.
“We are pleased with fourth quarter results as they demonstrate ongoing progress in revenue growth and profitability,” said Dave Caputo, Sandvine’s President and CEO.
