Wednesday, October 22, 2014

ADVA Posts Q3 Guidance of EUR 87.1 million

ADVA Optical Networking reported Q3 2014 revenues of EUR 87.1 million, slightly above guidance of between EUR 82 million and EUR 87 million. This is up 10.2% vs. Q3 2013 at EUR 79.1 million and sequentially flat vs. EUR 87.2 million in Q2 2014.

“We are pleased with the development of our Q3 2014 revenues of EUR 87.1 million, near the record level seen in the previous quarter, and slightly above guidance. The year-on-year increase of 10.2% is based on stronger enterprise business requiring more and improved high-speed transport networks. This is largely due to continued network traffic growth as a result of the increased adoption of cloud based services. Pro forma operating margin came in at 4.0%, at the upper end of guidance,” commented Jaswir Singh, chief financial officer & chief operating officer of ADVA Optical Networking.