Thursday, April 5, 2012

Sandvine Lands $7 Million Order from N. American MSO

Sandvine has received over $7 million in Network Policy Control expansion orders from a tier-1 North American cable operator, a customer for over five years. These purchases include the Sandvine Policy Traffic Switch (PTS) and Network Analytics software suite to bring unprecedented insight into network usage and to optimize network management decision-making by making available detailed quality metrics on real-time entertainment. Most of the product revenue associated with these orders was recognized in Sandvine’s first quarter of 2012.

Separately, Sandvine reported $20.1 million in revenue for its first quarter of 2012 and a net loss of $6.5 million, which included a $3.7 million inventory write-down related to one of the company’s older hardware platforms.
Revenue by access technology market: DSL 22%; wireless 26%; cable 48%; other 4%.

Revenue by geography: NA 58%; EMEA 17%; APAC 18%; CALA 7%