Wednesday, October 10, 2012

DragonWave Posts Revenue of $44.2 Million

DragonWave reported revenue of $44.2 million for the quarter ended 30-Aug-2012, compared with $13.6 million in the same period last year and $13.0 million in the preceding quarter.  Revenue through the Nokia Siemens Networks channel totaled $32.3 million in the quarter.

“We continue to advance our strategic priorities,” said DragonWave President and CEO Peter Allen.  “Our partnership with Nokia Siemens Networks is still in the integration phase and involves a wide range of activities, including access to a wide range of major global operators.  Following the June  1, 2012 closing of the acquisition of Nokia Siemens Networks’ microwave transport business, we rationalized our operations and reduced costs; we will continue to manage our cost profile to achieve profitability as we gain greater visibility into revenue opportunities.”

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