Thursday, February 26, 2015

Mavenir Posts Revenue of $33.7 million, an increase of 24%

Mavenir Systems reported revenue for Q4 2014 of $33.7 million, an increase of 24% year-over-year and a decrease of 1% quarter-over-quarter. GAAP operating loss for the fourth quarter of 2014 was $8.8 million, compared with $1.7 million in the fourth quarter of 2013 and $3.8 million in the third quarter of 2014.

"Mavenir delivered another strong year with solid financial results, resulting from the rapid adoption of 4G LTE and the launches of services such as VoWi-Fi and VoLTE in 2014," said Pardeep Kohli, president and chief executive officer, Mavenir Systems. “We are well positioned to capitalize on 4G LTE adoption and NFV/SDN, two trends that will continue to be some of the key growth drivers for our business in 2015. In addition, Mavenir continues to build our capabilities in next-generation solutions to deliver growth and enhanced shareholder value."

http://www.mavenir.com

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