Thursday, October 22, 2015

ADVA Posts Record Quarter - Up 40% YoY

ADVA Optical Networking reported record revenues of EUR 122.3 million for its Q3 2015, up by 40.4%  over the same period last year.  Net profit nearly doubled to EUR 8.6 million (Q3 2014: EUR 4.4 million).

The company cited several factors for its strong financial results: the demand for data center interconnect (DCI) technology, the continued push for 100G metro solutions and the rebound in European carrier and enterprise spend.

“Q3 was an outstanding quarter. We delivered revenues of EUR 122.3 million – a quarterly record for our company,” said Brian Protiva, CEO, ADVA Optical Networking. “This shouldn’t come as any surprise. We’ve built a lot of momentum and seen strong growth throughout the year."

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