Wednesday, April 10, 2013

ADTRAN Hits Q1 Sales of $143 Million, up 8% YoY

ADTRAN reported Q1 2013 sales of $143,013,000, up 8% compared to $134,735,000 for the first quarter of 2012. Net income was $7,890,000 for the quarter compared to $12,960,000 for the first quarter of 2012.


ADTRAN Chief Executive Officer Tom Stanton stated, “Operating results for the quarter came in as expected with our domestic carrier business continuing to solidify and our overall revenue positively impacted by sequential growth internationally and in our Enterprise business. We believe our company is well positioned for an improving spending environment in our markets and strategic investments by our carrier customers.”

http://www.adtran.com

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